A complete, Australian-delivered, but badly neglected 1958 Porsche 356A Cabriolet that spent its last 25 years rusting beneath a Newmarket, Brisbane church has sold for $230,000 at Shannons Summer Timed Auction.

The Melbourne-delivered Porsche had a comprehensive list of factory options including a rare Karmann hardtop and even-rarer
15in x 4in Rudge knock-off wheels.

The now Sydney-based ‘barnfind’ Porsche, which was delivered with some rare factory options, attracted 61 bids and almost doubled its pre-auction high estimate after an online duel between two determined bidders that drove its price up $75,000 in the auction’s final hour.

Shannons says that experts have estimated that to restore the elderly Porsche professionally to its original glory could take a further $150,00-$200,000, but some have suggested refurbishing it mechanically and preserving its rusty patina with clear-coat, might be a ‘cool’ and cheaper alternative.

Source: Motor Trader e-Magazine (March 2021)

1 April 2021