A complete, Australian-delivered, but badly neglected 1958 Porsche 356A Cabriolet that spent its last 25 years rusting beneath a Newmarket, Brisbane church sold for $230,000 at Shannons Summer Timed Auction.
The now Sydney-based ‘barnfind’ Porsche, which was delivered with some rare factory options, attracted 61 bids and almost doubled its pre-auction high estimate after an online duel between two determined bidders that drove its price up $75,000 in the auction’s final hour.
Experts estimate that to restore the elderly Porsche professionally to its original glory could take a further $150,00-$200,000, but some have suggested refurbishing it mechanically and preserving its rusty patina with clear-coat, might be a ‘cool’ and cheaper alternative.
The week-long Shannons online auction saw 172 vehicle and memorabilia lots, plus 47 numerical number plates go under the hammer, with total sales of $10,777,212 and an excellent 97 per cent sale rate.
Footnote: The early Porsche 356’s selling price is almost the same as that of a new Porsche 911 Carrera coupe, its 2021 equivalent.
To talk to a Shannons team member, call Melbourne: (03) 8588 0809 (main auction number), or Christophe (03) 7025 4974; David (03) 7025 4983; Kim (03) 7025 4979; Ryan (03) 7025 4984; or Lisa (03) 70 254971).
Or in Sydney: (02) 8019 4119 (main auction number), Damien (02) 7911 6012; Stuart (02) 7911 6009, or John (02) 7911 6005.
