Classic Porsche In Demand At Shannons Sydney Sale

Sydney, Australia (PressExposure) October 22, 2009 -- A very original 1960 model Porsche 356B Super 90 coupe requiring some refurbishment was the top priced vehicle at Shannons Spring Classic Auction in Sydney on 12th October, selling for $67,000 - well above its pre-auction high estimate of $48,000.

The unmolested Porsche, which had been in the hands of the same owner since 1964, was pursued by a number of floor and telephone bidders from around Australia, many attracted by its prized factory-fitted Rudge knock-off wheels and fitted leather suitcase.

Similar to the United States, where no reserve vehicles play a major role in many car auctions, the concept demonstrated its effectiveness at the Shannons sale, where the value of interesting classics was accelerated by demand from cashed-up buyers.

Stand-out examples were a 1966 Plymouth Sport Fury 'project' coupe with a damaged engine that attracted numerous bidders before finally selling or $25,000 - $10,000 above its pre-auction high estimate - while a 1986 BMW M6 Coupe with 5-speed Getrag manual gearbox also punched above its weight when it sold for $25,500.

Other excellent unreserved results were $14,000 for a 1968 Daimler 250 V8 Saloon, $10,000 for a left hand drive 1962 Pontiac Tempest Convertible. $13,500 for a 1959 Jaguar Mk 2 3.8 Automatic Saloon with chrome wire wheels, while a 1958 Chevrolet Corvette body turned into a theatre prop went for $4,500.

Muscle cars also performed well, with $60,000 paid after the hammer for a Brittany Blue 1967 right hand drive Ford Mustang Fastback converted into a tarmac rally car, while an immaculate matching-numbers Papaya Orange 1976 Holden LX Torana SS 5.0 Hatchback that had covered just 200km since a comprehensive restoration, sold for $57,500.

Amongst the other lots, a 1997 Jaguar XJ8 3.2 saloon sold for $18,000, a very original 1958 MGA 1600 Mk I Roadster made an excellent $18,500 and a left hand drive 1971 GMC 1500 Custom Pick-Up brought $20,000.

Amongst the motorcycles in the sale, the best result was a 1991 Harley Davidson FLSTC Heritage Softail in as-new condition with just 8,881km on its odometer that went for $14,000.

About Shannons Auctions

For more than 25 years, Shannons has been Australia's leading auction house for veteran, vintage, classic, sports and modified vehicles, as well as classic motorcycles and automotive memorabilia.


Shannons Auctions have re-shaped the classic vehicle market, setting the reference point for Australian values and becoming the first choice for both private individuals and major Government instrumentalities.


Since 1981 Shannons Auctions have conducted Australia's biggest collectable vehicle auctions including the prestigious Australian International Motor Show Auction in Sydney and The Melbourne International Motor Show.


For further auction information please contact:


Sydney Auction Centre
Unit B, 12 Frederick Street, St Leonards, NSW 2065
(enter via 65 Reserve Road)
Phone +61 (0)2 9438 9315
Fax +61 (0)2 9438 9366


Melbourne Auction Centre
321 Warrigal Road, Cheltenham, VIC 3192
Phone +61 (0)3 8543 2288
Fax +61 (0)3 8543 2280

Press Release Source: http://PressExposure.com/PR/Shannons_Auctions.html

Press Release Submitted On: October 21, 2009 at 7:43 pm
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