1964 Porsche 911 (964) Turbo S Leichtbau sold for more than half a million at Silverstone’s May Sale

Article by Christian A., on May 18, 2017

Silverstone Auctions revealed that its May Sale raked in a total of £3.6 million with its sales rate at 72%. In fact, the highest value breached the half million mark with the 1993 Porsche 911 (964) Turbo S Leichtbau being sold for £556,875, which is £81,000 higher than that of the lower estimate.

This is the same model that made the auction all the more exciting as it was the site of a strong bidding war. Tension became high when the bidding was eventually brought down to two. The air was also full of excitement as the two bidders initially were so bold and didn’t want to give up the vehicle. It eventually ended when the price reached more than half a million.

According to Silverstone Auctions Managing Director Nick Whale, it was indeed remarkable to see such excitement and drama and this was highlighted further with the excellent results for the vendors.

In general, the auction company said that Porsche had an excellent showing. The bidding for the 1989 Porsche 911 for instance was just as enjoyable with the winning bid offering £164,250, which is £19,250 more compared to the lower estimate. Also beating its lower estimate was the 1961 Porsche 356B Cabriolet. Final sales price was £123,750, higher than the expected lower estimate by £24,000. Finally, there was the 1991 944 Turbo Cabriolet, which surprised a number of attendees to the auction. Bidding was closed at £39,375, which is £14,000 higher than the lower estimate.

It was not only about Porsche though as Jaguar had a good showing as well with seven, from a total of eight, E-Types being sold. The highest one was for the 1965 Series 1 Roadster, sold at £112,500, an increase of £27,500 when compared to the lower estimate. Meanwhile the 1964 Series 1 fixed head coupe managed to get £59,625, still better than the lower estimate by around £13,000. The main highlight for Jaguar however was for the left-hand drive version of the 1955 XK140 SE. A bidding war, albeit through phone, managed to increase the price to £121,500, which is better by £46,500, than the lower estimate.

Other sales included the cult homologation special of BMW’s 1973 3.0 CSL. With a lower estimate of £45,000, the bidding war for this model resulted in sale of £83,813. That is almost double the lower estimate.

Another highlight of the May Sale was the cult homologation special 1973 BMW 3.0 CSL, eventually hammered away for £83,813 after a dramatic bidding war pushed the price to almost double its lower estimate of £45,000.

It is interesting to note that there was one model that was sold mainly for who owned it more than any other factors. This was the 1960 Bentley S2 which was previously owned by Sir Ray Davies of the Kinks. The model fetched £29,250, despite the fact that it would need a considerable amount of restoration.

Press Release

PORSCHE 911 TURBO S LEICHTBAU BREAKS HALF MILLION BARRIER AT SILVERSTONE AUCTIONS’ MAY SALE

A packed sale room witnessed one of the most heated bidding wars of the year so far at Silverstone Auctions’ May Sale, held at Silverstone Circuit on 13th May, resulting in a sales rate of 72 per cent and total sales of £3.6 million.

The drama reached its height when the rare and special Porsche 911 S Turbo Leichtbau eventually sold for £556,875, including buyer’s premium, after an intense bidding war. There was real tension in the room when competition for the 1993 Porsche was whittled down to two bidders who drew gasps from the crowd with their last minute brinkmanship eventually pushing the price beyond the half million pounds mark, over £81,000 more than its lower estimate.

Porsches in general sold well with a 1989 Porsche 911 Speedster also subject to lively bidding in the room and on the phone, with the phone buyer eventually winning out at £164,250, exceeding its lower estimate by £19,250. A 1961 Porsche 356B Cabriolet beat its lower estimate by almost £24,000 when a two-way bidding battle pushed the sale price to £123,750, while a 1991 944 Turbo Cabriolet beat expectations reaching £39,375, over £14,000 more than its lower estimate.

Another popular marque was Jaguar, and seven out of the eight E-Types presented sold well. Healthy prices were topped by a 1965 Series 1 Roadster selling at £112,500, an impressive £27,500 over its lower estimate. A 1964 Series 1 fixed head coupe pulled frenetic bidding to reach £59,625, beating its lower estimate by almost £13,000.

A left-hand drive 1955 XK140 SE really caught the attention of bidders with a phone war breaking out to push the price £46,500 beyond its lower estimate to a staggering £121,500 final sale price, drawing applause from the room.

“It was fantastic to see such drama and excitement in the sale room today and the great results for our vendors reflected that,” said Nick Whale, managing director of Silverstone Auctions.

Another highlight of the May Sale was the cult homologation special 1973 BMW 3.0 CSL, eventually hammered away for £83,813 after a dramatic bidding war pushed the price to almost double its lower estimate of £45,000.

Established, classic marques drew most of the attention as expected, with John Cleland’s 1971 Aston Martin DB6 Mark II Vantage fetching an impressive £348,750, but some of the more modern machinery attracted intense interest, too. This was illustrated by a 1993 Lancia Delta Integrale Evo 2 beating its lower estimate by just over £15,000, coming in at £41,063.

Bidding interest was global and buyers added to the international flavour with a modified 1985 Ferrari 308 GTS QV shipping out to Indonesia with a Ferrari 400 series V12 shoehorned into its engine bay. Despite the less-than original powerplant, this impressive machine sold for £54,000.

One car that attracted attention more for its owner than its motoring heritage was the 1960 Bentley S2 barn find sold on behalf of Sir Ray Davies of the Kinks, which eventually sold for £29,250 despite needing restoration.

One of the delights of the day occurred in the automobilia sale when a Ferrari Daytona 365 GTB/4 original tool roll sold for an astonishing £12,000. “Surely, this must be a world record for a toolkit,” commented Nick.

The next Silverstone Auctions sale will be the Silverstone Classic Sale on 28th and 29th July, preceded by a Race Car Sale on the 27th, and as the excitement is already ramping up potential sellers are advised to contact Silverstone Auctions as soon as possible.

“We’re looking forward to building on the success of today going into the Silverstone Classic in July, which is our flagship sale of the year. It also has the added interest of a dedicated race car sale, making it a compelling event over three days,” added Nick.

To view the full list of results from Silverstone Auctions’ May Sale please visit: https://www.silverstoneauctions.com/the-may-sale-2017/view_lots/pn/all.

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