Timewarp Porsche hidden for 40 years tops Auctions America sale

Joes Garage

Joes Garage

2016-12-16 14:40:29

A "timewarp" Porsche Speedster which lay hidden for 40 years was the star of the show at the recent Auctions America Hilton Head sale.

The company hosted its second annual sale in South Carolina, as part of the popular Hilton Head Island Motoring Festival, which saw more than 100 handpicked vehicles cross the auction block in front of a packed house.

With bids flying in from nine countries and 31 states, the sale achieved a grand total of $5.7 million.

The 1957 Porsche 356A 1600 Speedster on offer had originally been owned by Mr. John Casper, who acquired it new and cherished it for the next 59 years, exhibiting it at numerous Porsche Club of America events until 1975.

With Casper no longer able to drive the car, he parked it up securely in a private garage in Chicago, and it remained tucked away for the next four decades before being bequeathed to a close friend in the summer of 2016.

Presented in completely untouched condition, with its original Beige Leatherette interior, spare tyre and jack all intact, the car soared past its top estimate of $250,000 to fetch a stunning $665,500.

(Images: Auctions America)

(Images: Auctions America)

"We’re thrilled with the result for the Porsche 356, which reflects the continued appetite for highly original, unmolested cars," said Donnie Gould, President of Auctions America.

"We anticipated strong interest in the Speedster given its fascinating provenance and long-term ownership, but could certainly have not predicted its incredible final price. It was a thrill to witness—13 phone bidders battling it out with collectors in the room in a bidding contest that lasted almost seven minutes—certainly one of the most exciting auction moments in recent memory."

The highest price of the event was achieved by another Porsche, this time with a little less dust on the bonnet. Although it wasn't snapped up straight away, following the sale a collector paid $800,000 for a 2004 Porsche Carrera GT, believed to be the lowest mileage example on the planet with just 24 miles on the clock.

There were also strong results for a factory-original, Shelby Registry-documented 1967 AC Shelby 427 Cobra which achieved $726,000; a single-owner 2006 Ford GT Heritage Edition which sold for $305,250; and a 1960 Maserati 3500 GT which realized $222,750.

"We were happy to return to Hilton Head Island for our second annual sale, and take our hats off to the gallant efforts made by the Motoring Festival committee, together with the Hilton Head Island and Bluffton communities, in getting the Island back in shape in the wake of Hurricane Matthew," added Gould.

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