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.
“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.
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 click here.