Auction Report

World-Record Sale for ‘56 Porsche 550 at Goodwood Revival

Bonhams Continues To See Success

Posted: September 14, 2016 1:30 pm
by Matt DiVenere

Photos courtesy of Peter Singhof.

When the dust finally settled at the Goodwood Revival, which took place Sept. 10 in Chichester, Goodwood, UK, a new world record stood tall. A 1956 Porsche 1.5-Liter TYP 550/1500 RENNSPORT Spyder sports-racing two-seater sold for £4,593,500 (US $6,106,830), including its premium, making it the highest sold price for a Porsche 550 model in the world. 

Despite being originally estimated to be closer to £4,700,000 (US $6,248,420) there is reason to celebrate the sale of this Porsche which Bonhams noted is the “most original Porsche 550 in the world.”

“The car is so original, that you could travel back in time 60 years and find it in much the same condition,” said James Knight, Bonhams International Group motoring director and auctioneer for the second day (Sept. 10) of the Bonhams Goodwood Revival Sale.

The previous record-holding Porsche 550 was a 1955 Porsche 550 Spyder from the Jerry Seinfeld Collection that was sold for £3,750,250 (US $5,335,000) at Gooding & Company’s 2016 Amelia Island auction.

Success for Bonhams didn’t stop with the Porsche. In fact, a 1967 Aston Martin DB6 Vantage 4.2-Liter Sports Saloon was a hit amongst bidders. With a final price of £455,100 (US $605,033), this Aston Martin went for over its high estimate and its seller should be thrilled with the end result, to say the least.

In fact, Aston Martins saw quite a bit of interest at Goodwood, with a 1986 Aston Martin V8 Vantage Zagato Coupe selling for £253,500 (US $337,016) and a 2000 Aston Martin Vantage LE Mans V600 Coupe sold for £354,300 (US $471,024).

Other notable sales that caught my eye included a 1971 Ferrari Dino 246 GT Berlinetta (£299,420; US $398,064), a 1950 Frazer-Nash Le Mans Replica (£610,000; US $810,965) and a 1928 Bentley 6 ½/8-Litre Sports sold for £406,940 (US $541,006).

As far as the premier market goes, Bonhams has had three straight successful auctions, including Goodwood Revival’s total of £14,500,000 (US $19,277,000) in total sales and a 70 percent sell-through rate.

Up next for Bonhams is the Robert White Collection Sale on Monday, Sept. 19 at the Bonhams salerooms in London.

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