A mangled 1960s Jaguar which has been hidden in a garage since 1996 after a road accident has sold for a fortune.

The ultra-rare XK150 S 3.8 Drophead Coupe has fetched for more than nine times its original £10,000 guide price, according to Hull Live.

It has been off the road since crashing into a tree in Hull over 25 years ago, however despite the major damage, one collector paid an astronomical fee for it.

The bidder paid a huge £90,000 for the vehicle, as the auctioneer said: "It looks worse than it is."

Bonhams auction company claims that the car could be worth £250,000 if it's restored.

The seller and his Jag had an unfortunate encounter with a tree on a wet East Yorkshire road back in September 1996.

The incident caused the damage to the car that can still be seen in its full extent of today.

This includes a crumpled bonnet, bent grille, missing headlights, and the engine shoved back towards the cabin.

The 'NRN 6' front registration plate is also twisted almost beyond recognition.

The steering wheel took the brunt of the impact in the 1996 crash as it snapped under the force.

Fortunately, the previous owner walked away from the accident unscathed. They picked up the car from the scene of the incident on a trailer at the time and transported it to their garage at their property.

The car has remained there ever since, under the premise that it would be restored.

However, the owner has failed to get around to the job, leaving the car standing in a garage for over two decades.

The 3.8 S version of the 1960s sports car was built between 1959 and 1960 and 282 were produced in total.

Only 69 were right-hand-drive Drophead Coupes like the red rubble being auctioned in a few weeks.

Rob Hubbard, head of Bonhams MPH, explained to This is Money: "It has all its original leather and the original matching-numbers engine, which needs to be overhauled as it has not started for more than 25 years.

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"The steering wheel is broken, from the impact of the crash. However, parts are plentiful and relatively easy to obtain.

"When completely restored the car could be worth between £200,000 and 250,000."

The motor was offered to the highest bidder this weekend following the vendor's recent death.

The smashed-up Jag was sold on Saturday (May 22) afternoon at the Bonhams MPH Auction in Bicester, Oxfordshire at a live "drive through" sale with each lot driven in front of bidders.

It is one of the vintage motor lots that sold at the auction, alongside the 2013 Range Rover previously owned by the Duke and Duchess of Kent, which was bought for £50,625 – some £15,000 higher than the estimated price.

The news comes after it was recently revealed that Vauxhall Corsa drivers are seen as "chavvy" as car stereotypes were exposed by experts.

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