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).

The actual Formula One

Seeing, in a shed in Hamilton, New Zealand, the Darracq 120 racer that Louis Wagner, also a pioneer aviator, drove to victory in the 1906 Vanderbilt Cup race felt a little like finding a Rembrandt at a garage sale.
For historical significance, I’d say this car ranks with Ray Harroun’s Marmon Wasp, the first Indianapolis 500 winner. Unlike Harroun’s Wasp, which has been lovingly cared for at the Indianapolis Motor Speedway Hall of Fame Museum over the years, this historically pivotal machine wound up half a world away from its home in France and, to most of the motoring world, largely forgotten. Sadly, so is the story of how the car got to Aotearoa in the first place.
More often than not, a racing car that is a few years old is regarded as obsolete and relegated to a shed somewhere. As far as racing drivers and team owners at the cutting edge of the sport are concerned, the cars are virtually worthless at that point. They can’t be driven on the street; at best they can be reconfigured for lower levels of the sport, so few people care about them until their historical significance becomes more apparent.

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