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Silverstone Auctions

At the recent Silverstone Auctions that was organised in association with Porsche Club GB, over £2.5 million (RM 14 million) changed hands in about 3 hours during the sale of several Porsche cars. The bidders comprised of enthusiast from all over the world including Denmark, Poland and Indonesia.

It was a successful day because 64% of all cars at the auction were sold, some for significantly more than their estimate prices suggested. Bids were placed from the auction floor, online and by phone for the converted 1992 Porsche 911 (964) RS Touring.

The car, one of only 6 in the UK, sold for £219,375 (RM1,221,719), which is about £34,375 (RM 191,437) more than the original estimate. But the most expensive Porsche sold during that day was a 1998 Porsche 911 (993) Turbo S, which went for a whopping £253,125 (RM 1,409,675).

Other notable mentions include a 1962 Porsche 356B ‘Super 90’ Cabriolet that fetched £163,125 (RM 908,457), 1968 Porsche 911 SWB for £92,250 (RM 513,748) and a 1988 Porsche 911 Supersport (SSE) 3.2 Carrera Targa, which sold for £103,500 (RM 576,400).

“It was a remarkably successful auction, helped enormously by the quality of the cars on offer and the tremendous support of Porsche Club GB,” says Nick Whale, managing director of Silverstone Auctions. “I’m grateful to all our vendors and bidders, and very proud of my team for putting together such a fantastic catalog of stunning Porsches.”

Apart from this, many more Porsche cars were sold during the day and if you would like to know morea bout them, CLICK HERE.

We covered the history behind several of the priciest Porsche cars that were sold at auction and a few others that weren’t that special. The Silverstone Auctions is an annual event held in the UK that brings together avid enthusiasts and collectors to bid on some of the most expensive and coveted cars ever made.

An ultra rare 1988 Ford Sierra Cosworth RS500 with just 9,656km on its odometer is about to head to the auction block. The Blue Oval only made 500 such cars but only 56 of them came with a white body colour. This is what makes the RS500 that is up for auction, very special.

A similar 1987 RS500 but with twice the mileage, was sold earlier at auction for £115,000 (RM641,460) during the Silverstone Auctions’ sale at the Silverstone Classic. Speculators suggest that the 1988 RS500 could sell for about £100,000 (RM557,791) – £115,000 (RM641,460), but considering the car’s relative rarity, it may sell for quite a bit more.

Ford developed this road going variant of the RS500 to comply with homologation rules in order for the racing version to compete in the British and European Touring Car Championships. This is the reason why only 500 of them were produced – no more and no less.

The car was discovered in 2007 by car dealer Joe Macarini in a classic Ferrari collection in Germany. He sold it to a private Ford collector who, after realizing the car’s significance, had it stored in a climate controlled storage facility, until now.

It’s rarity, low-mileage and the fact that it is in nearly perfect condition, are criteria that lead to cars being auctioned for huge sums of money. And unlike other performance Fords of that era, this one is free from any kind of modification. As such, preparing it for auction only required a service that included the changing of the engine belts, battery and various fluids.

The 1988 Ford Sierra Cosworth RS500 in white is expected to be put on on sale at Silverstone Auctions’ NEC Classic Motor Show that will be taking place from 11th – 12th November. There will be a number of other special cars, but this particular Ford will definitely be of interest to many.

Silverstone Auctions is collaborating with the world’s biggest car club, Porsche Club GB, for an event that will see 59 of the finest Porsche vehicles roll onto the auction floor, which is sure to garner quite a bit of attention.

These vehicles range from an entry-level 2003 Porsche 911 (996) Carrera 2 Tiptronic, right up to a prestine 1998 Porsche 911 (993) Turbo S. That said, out of the 59 cars, 3 of them a little more special then the rest and should fetch a significant amount of money over the reserve price.

First off is the Turbo S, which is 1 of 26 built in right-hand drive, and is considered one of the most desirable and powerful version of the 993 generation. estimated at £245,000 – £285,000, (RM1,372,478 to RM1,596,556) it features one of the last of the air-cooled generation engines, the car boasts 450bhp , Ocean blue body colour with a grey leather and carbon-fibre clad interior.

The second car, is a 1985 Porsche 911 (930) Turbo SE that is owned by Glenn Tipton, lead guitarist of the legendary rock band, Judas Priest. He has owned the car since new and happens to be very fond of it. In fact, this was the very car that was the inspiration for the platinum-selling album ‘Turbo’, and the hit single ‘Turbo Lover’, both penned by Tipton.

Despite his fondness for it, Tipton has decided to sell his prized possession and probably move on to something else. The car has an estimated value of between £180,000 – £220,000 (RM1,008,351 to RM1,232,430) and should fetch a similar figure at auction.

Lastly, one of the rarest cars at Silverstone, is a 1992 Porsche 911 (964) RS Touring. It is one of six UK-supplied cars that are in right-hand drive and has a black body colour as well as a black interior. It is an extremely desirable vehicle that has been featured in several specialist magazines and road tests, estimated value is between £185,000 – £210,000 (RM1,036,361 to RM1,176,410).

Silverstone Auctions will take place on the 21st of October and will see 59 Porsche cars roll on and off the auction floor with substantial money changing hands as they are are sold to their new owners.

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