UK PM Cameron's 1971 Fiat 500 L Will Be Auctioned on November 17

Does a previous owner increase a car's value? A 1971 Fiat 500 LFiat 500LItaly, 1972 > present3 photos
owned by UK Prime Minister David Cameron will cross the auction block at Footman James Classic Motor Show at the NEC on November 17.

Cameron received the car as a birthday gift from his wife in 1988, and they drove it about 1,000 miles in it. The auction includes a signed letter from him on House of Commons letterhead that this was his car.

The 500 L was sold in Warwickshire, England, on August 20th 1971 and covered just 13,000 miles since then. It was restored in 2010 that stripped the car down and replaced anything necessary. 

Silverstone Auctions predicts that the car will sell for between £8,000-£12,000.

The auction has only 16 lots. The most expensive lot is a 1967 Lamborghini 400 GT 2+2 and is expected to sell for between £155,000-£175,000. All of the other lots are estimated to sell for under £100,000. The rest of the lots consist of Italian exotics and classic British cars

Source: Silverstone Auctions and Car Scoop