Description
GOODWOOD FESTIVAL OF SPEED COLLECTOR'S MOTOR CARS AND AUTOMOBILIA
24 June 2022, 14:00 BST
Chichester, Goodwood
Contact: using the button below
LOT 302
1952 EGS 500cc Formula 3 Monoposto
Auction Estimate: £20, 000 - £30, 000
1952 EGS 500cc Formula 3 Monoposto
Chassis no. 01
• Built by motor engineer Eric Guest
• Unique one-off
• In-period competition history
• Registered with the 500 Owners Association
• Recent restoration to original specification
Footnotes
This unique Formula 3 racing car was built in 1952 by motor engineer and garage owner Eric Guest (EGS stands for 'Eric Guest Special') of Highway Motors, Redditch, Worcestershire. The EGS used a tubular chassis frame, Standard suspension, a JAP engine, a Royal Enfield gearbox, and Morris Eight brakes. The car is registered with the 500 Owners Association as number '35' and photographs it in action in the 1950s have been published in the Association's magazine (copies on file). The EGS is known to have competed at the Staverton sprint speed trials (1953-1955); the Commander Yorke Trophy (1955); Shelsley Walsh (1955); and Ragley Hall (1959). Further research may reveal more of its in-period competition history.
Eric Guest owned the car until March 1959 when Highway Motors sold it for £95, including the trailer, to a Mr Morgan of the Golden Lion Hotel, Bromsgrove (sales receipt on file). In 1970, Tim Cameron purchased the EGS and in 1974 mistakenly exhibited it at Beaulieu as an 'Iota'. The car was later sold (in 1982) to Roderick Jones of Moreton-in-Marsh, resurfacing in 1998 when Ewan Cameron of Cameron Engineering & Motor Sport discovered it in Bromyard.
Apparently, the car had been hidden away pending the conclusion of a divorce settlement! While owned by Ewan Cameron, the EGS was recorded in the 500 Owners Association Register as ex-R H Jones. Mr Cameron rebuilt most of the car, refurbishing the original JAP engine and Royal Enfield gearbox before selling it in 2002 to Martin Baylis, who continued the restoration. Mr Baylis was fortunate enough to be given an oil painting of the EGS, commissioned by Eric Guest from an artist friend, which following Eric's death had passed to a family member. This painting is included in the sale.
Since then many man-hours have been spent returning the EGS to its original design and set-up. The current vendor's intention was to take the EGS to a few sprint races, but he has now decided to concentrate on his other motor sport projects. The history file contains numerous 500 Association magazines documenting the EGS (including one with an article by Martin Baylis); letters with photographs that Martin Baylis managed to source from his local newspaper; photographs of Highway Motors premises before demolition; and a letter from the 500 Association's Duncan Rabagliati.
Goodwood Festival of Speed Sale
Goodwood, Chichester, West Sussex
Viewing:
23 Jun 2022 10:00 - 17:30 BST
24 Jun 2022 09:00 - 17:30 BST
Buyers Premium and Charges
Like the vast majority of auctioneers Bonhams charge what is known as a Buyer's Premium. Buyer's Premium on all Automobilia lots will adhere to Bonhams group policy:
Buyer's Premium Rates
27. 5% on the first £20, 000 of the hammer price;
26% of the hammer price of amounts in excess of £20, 000 up to and including £700, 000;
20% of the hammer price of amounts in excess of £700, 000 up to and including £4, 500, 000;
and 14. 5% of the hammer price of any amounts in excess of £4, 500, 000.
VAT at the current rate of 20% will be added to the Buyer's Premium and charges excluding Artists Resale Right.
For Motor Cars and Motorcycles a 15% Buyer's Premium is payable on the first £50, 000 of the final Hammer Price of each Lot, and 12% on any amount by which the Hammer Price exceeds £50, 000. VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated.
Some lots may be subject to VAT on the Hammer Price. These lots will be clearly marked with the relevant symbol printed beside the lot number in the catalogue.
Buyers' Obligations
ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.
If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.
Payment Notices
For payment information please refer to the sale catalog.
Shipping Notices
For information and estimates on domestic and international shipping as well as export licences please contact Bonhams Shipping Department.
