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 |  Feb 22 2012, 4:01 PM

In terms of automobiles, there’s no question that the classic Jaguar E-Type (XK-E), ranks as one of the most iconic of them all. And among the cognoscenti, Series I cars represent the purest of them all. When you add a celebrity’s name to the registration then surely, when such a car comes up for auction, it’s likely to attract serious interest.

So that should logically be the case with this lovely red 1965 Series I roadster, which sports the larger 4.2-liter XK straight-six engine and once belonged to Sir Elton John (the car in fact, still sports the signature OKE 1 registration plate from when he owned it).

The E-Type, which is in excellent condition, is scheduled to go under the hammer at Bonhams’ Oxford auction in March for a fairly princely £70,000 ($109,900); however for the car’s current owner, that doesn’t represent particularly good news, since 11 years ago he paid some £81,000 ($121,170) at Christie’s for the thing, during an auction that was arranged by Sir Elton himself.

Nonetheless, the estimate is right in line with current E-Type prices in the UK, proving once again that collector car values are often fickle at best.

Other significant cars slated to cross the block at Bonhams Oxford, include a 1961 Morgan Plus 4 Supersports, which is expected to sell for around  £60,000 ($94,200), a 1961 Ferrari 250 GTE, which should go for £50,000 ($78,500) and a very rare, right-hand-drive British spec, 1966 Citroen DS21 decapotable pegged at £40,000 ($62,800).