Silverstone Auctions sells 38 Porsches and assorted pieces of automobilia in a three-hour UK sale
More than £2.5 million ($3.28 million) worth of Porsche cars and memorabilia sold in just three hours during Silverstone Auctions annual Porsche Sale, held Saturday at the famed Silverstone Circuit in the UK.
Silverstone sold 38 Porsches, with a 64 percent sell-through rate for the cars and 82 percent for the automobilia. The auction was assisted by the Porsche Club of Great Britain, with about 300 members attending the sale.
The top-selling car was a 1998 Porsche 911 (993) Turbo S, which sold for £253,125 ($332,000), including auction premium, after a battle between bidders in the room and on the phone. Second highest was a very rare 1992 Porsche 911 (964) RS Touring, one of just six supplied to the UK, which sold for £219,375 ($287,000) including premium, £34,375 ($45,000) above its lower estimate.
While 911s made up the bulk of the auction cars, front-engine Porsches also sold well, topped by a 1981 924 Carrera GT which sold for £37,687 ($49,450). A 1962 Porsche 356B Super 90 Cabriolet sold for £163,125 ($214,000).
“It was a remarkably successful auction, helped enormously by the quality of the cars on offer and the tremendous support of Porsche Club GB,” Nick Whale, managing director of Silverstone Auctions, said in a news release.