Record-breaking online bid for Porsche 962

29 May, 2015

The most valuable lot ever sold to an online bidder was the top lot at Bonhams’ recent Spa Classic Sale. The ex-Jürgen Oppermann/Otto Altenbach/Loris Kessel Obermaier Racing 1990–’93 Porsche Type 962 C Endurance Racing Competition Coupe (how’s that for a name) was eventually sold for €1,495,000 (NZ$2.28M).

Sold directly from the factory, the Porsche 962 had been carefully maintained by the same private owner for the past 25 years — unsurprisingly, the car provoked much interest with those possessing an eye for historic competition cars.

The fact that this Porsche was sold to an online bidder underscores the continuing growth of the internet as a trusted method of purchasing valuable collector’s cars. 

Elsewhere, Porsches continued to prove popular, with a 1988 Porsche 959 coupé achieving the second-highest result, selling for just over one million New Zealand dollars to a telephone bidder from the UK, while a 1992 Porsche 911 Carrera RS Type 964 coupé sold to a bidder at the sale for €224,250 (NZ$342,370).

As you’d expect, classic Ferraris continue to record strong prices, with a 1970 Ferrari 365 GTB/4 ‘Daytona’ Berlinetta going for €667,000 (NZ$1.1M), and the 1976 Ferrari 308 GT Berlinetta Vetroresina achieving an excellent price of €253,000 (NZ$386,264).

Further highlights of the sale include a pair of S1 3.8 Jaguar E-Type roadsters, both from 1962, which were sold for €172,500 (NZ$263,362) and €170,200 (NZ$269,850) respectively, with a slightly later 1965 Jaguar E-Type 4.2 roadster finding a new owner at €138,00 (NZ$210,690).

More to the point

This Daimler SP252 is so rare, few people know it exists. It’s one of a kind. It’s the only surviving, in fact the only SP252 ever completed; the would-be successor to the SP250 Daimler Dart. It is also the last sports car to have been designed by Jaguar’s legendary founder, Sir William Lyons.
Perhaps one of the original Dart’s biggest problems was it’s somewhat-divisive looks. It certainly went well enough to win fans, although Sir William wasn’t among them. It crushed the opposition in the Bathurst six-hour race, finishing five laps ahead of anyone else, and it was snapped up by police forces in Britain, Australia, and New Zealand, as it was the fastest thing on the road.
So you’d think a stunning new body with the magic Lyons touch would have been a surefire success. Why this car never made it into production is still something of a mystery, as the official explanations barely stack up.

Polishing to perfection

The secret to a show-stopping finish is colour sanding, no matter which paint system you use. Even a good painter, no matter how experienced or talented — like my mate Bruce Haye, CEO at Ace Panel and Paint in Whitianga — can’t shoot to a perfect mirror finish. To get that level of perfection, you need to colour sand.
It used to be called ‘rubbing out’ or ‘cutting’, and it was done with pastes that came in cans. They worked — sort of — but the compounds really just rounded off imperfections instead of eliminating them, and they removed a lot of paint in the process. But now your new finish can be made flawless, thanks to microfine sandpapers that come in 1000, 1500, 2000, and even 2500 grit ranges, and Farecla G3 polish — available from automotive paint suppliers.