Crown

Board: Porsche Language: English Region: Worldwide Share/Save/Bookmark Close

Forum - Thread


    Historic Porsche collection going up for auction

    This must be the most incredible collection of classic Porsches ever offered for auction.  Have a look at the pictures after the text.  From Autoblog.com:

    Classic car aficionados are currently making arrangements to be in Northeast Florida for the second week of March for the Amelia Island Concours, but not everyone will be headed to Florida just to see cars. Plenty of collectors come to the annual event with cash burning in their pockets, and the various auction houses are happy to oblige with a selection of special cars on offer.

    One of the highlights of the weekend's auction action will surely be this incredible Porsche collection slated to cross the block at Gooding & Company. Owned by the late Matthew Drendel, the collection consists of 18 classic Porsches from a rare 1973 917/30 Can-Am Spyder with an estimated value of up to $3.25-$4 million to a very attainable 1991 944 S2 Cabriolet worth around $30,000. Also of note are a two-time Daytona 24 winning 1984 Porsche 962, the very first Porsche 935 built and a 1997 Porsche 911 GT1 Evolution that is one of just four factory team cars.

    Show full PR text

    Gooding & Company, the acclaimed auction house celebrated for selling the world's most significant and valuable collector cars, is honored to announce its recent consignment of the Drendel Family Collection of 18 Porsches. Recognized as the world's finest private collection of its kind, the Drendel Family Collection consists of both road and race cars spanning 25 years of Porsche history from 1973 – 1997. With 10 of the 18 lots being offered without reserve, the arrival of this extraordinary collection in Amelia Island offers collectors and Porsche enthusiasts around the world the opportunity to own a piece of Porsche's winning motorsport heritage. In addition, the March auction marks the first time many of these historically-important racing stars will have ever been presented at auction.

    Gooding & Company has moved the start time of its Amelia Island Auction to 11 a.m. on Friday, March 9th to accommodate the extensive 18-car collection, as well as to accommodate the schedules of its guests at the daytime auction.

    "The result of well-developed connoisseurship and deep passion, Matthew Drendel built what has become the world's most significant private collection of turbocharged Porsches," says David Gooding, President and founder of Gooding & Company. "It's a very rare occurrence when a refined, single-marque collection of high-quality road and race cars is offered to the public. We feel privileged to have been selected to present the Drendel Family Collection in Amelia Island."

    A Passion for Porsche

    Matthew Drendel was attracted to Porsche automobiles from an early age. Although his personal racing successes were primarily associated with normally-aspirated 911 Cup cars, it was the legendary turbocharged Porsches that most interested him as a collector. His collection began with a single 930 road car and later expanded to the 18 magnificent cars it is today.

    "Matthew Drendel maintained a reputation for collecting the very best cars and, therefore, has always been respected in the Porsche community," says Gooding & Company Specialist David Brynan. "The overall scope of the collection and focus on factory team cars reflect his tremendous dedication and knowledge of the marque."

    Detailed below are seven of the most significant collector cars being offered as part of the Drendel Family Collection:

    1973 Porsche 917/30 Can-Am Spyder
    Chassis 917-30-004
    Estimate: $3.25 - $4 million
    The Porsche 917 racing program was one of the most successful in the history of motor sport and the 1973 917/30 Can-Am Spyder represents its pinnacle. With a 1,000 hp turbocharged flat-twelve, American racing champion Mark Donohue's 917/30 was so dominant that the Can Am Challenge Cup was disbanded and the other manufacturers withdrew due to their inability to compete.

    One of four examples completed at the Porsche factory, 004 was intended to be the 1974 Penske-Sunoco team car but was instead sold to Australian Porsche Importer Alan Hamilton. Later purchased by the Porsche factory, this car is now the centerpiece of the Drendel Family Collection. Meticulously restored and presented in the iconic Penske-Sunoco livery, this 917/30 has been raced at the Monterey Historics and has been displayed at the Amelia Island Concours d'Elegance and Rennsport Reunion.

    1984 Porsche 962
    Chassis 962-103
    Estimate: $1.75 - $2.225 million
    According to Gooding & Company specialists, this car is the finest example of the Porsche 962 and one of the most successful racing cars of its generation. With only two owners from new, this back-to-back 24 Hours of Daytona winner will be one of the Drendel Family Collection's most significant offerings at the auction with its immediately recognizable Löwenbräu livery, list of legendary drivers, unrivalled racing record and superb documentation.

    1974 Porsche RSR Turbo Carrera 2.14
    Chassis 911 460 9016 (R9)
    Estimate: $1.75 - $2.25 million
    The Carrera RSR Turbo 2.14 represents a turning point in the history of competition Porsches when it introduced the use of turbocharged engines in production-based race cars. Used by the factory for development, this hand-built experimental 911 was campaigned as a Martini & Rossi Porsche Works entry in the 1974 season at Nürburgring, Imola and Zeltweg. Few racing cars of this caliber have remained so correct and untouched, making this car an extremely important piece of Porsche history.

    1976 Porsche 935/76
    Chassis 930 570 0001 (R14)
    Estimate: $1.7 - $2 million
    The first 935 built, this car served as the prototype and development mule for one of the most successful series of Porsche racing cars. This historically-significant example ran as a factory team car under the recognizable Martini & Rossi livery and its podium finishes at Watkins Glen and Dijon helped Porsche capture the Group 5 World Championship in 1976. In addition to its impressive provenance and great originality, this factory race car has the remarkable distinction of being the first Porsche with a 930 serial number prefix.

    1985 Porsche 962
    Chassis 962-HR1
    Estimate: $900,000 - $1.2 million
    During its career, this Porsche achieved 11 overall wins and 19 podium finishes, as well as 2 IMSA GTP Drivers Championships and an IMSA GTP Manufacturers Championship. Along with its Holbert Racing sister car, 962-103, this 962 is one of the most significant 962s in history. Fresh from restoration, 962- HR1 was displayed at RennSport Reunion IV in 2011.

    1997 Porsche 911 GT1 Evolution
    Chassis 993-GT1-004
    Estimate: $900,000 - $1.2 million
    This rare factory team car – one of just four built - has competed at top events (Le Mans, Nürburgring and Laguna Seca) in the highest levels of international racing with known drivers behind its wheel. Later campaigned by Rohr Racing at Daytona and Harry Bytzek in the Canada GT Challenge Cup, GT1-004 has one of the most impressive racing records of any factory GT1.

    1975 Porsche 934
    Chassis 930 670 0155
    Estimate: $800,000 - $1 million
    The racing variant of the road-going 930, the 934 expanded on the success of the RSR, winning the European GT Championship as well as the TransAm Championship in North America. The second 934 constructed, this car was actively campaigned through the early 1980s, culminating in a first in class at the 1982 24 Hours of Le Mans. In regards to this car, noted Porsche authority Bruce Anderson was quoted as saying "it is the most successful 934 to race in international competition."

    The remaining cars of the Drendel Family Collection, 10 offered without reserve, are listed below:

    1980 Porsche 924 Carrera GT Le Mans
    Chassis 924-003
    Estimate: $450,000 - $600,000, Without Reserve
    One of three Works entries at the 1980 24 Hours of Le Mans; placed 13th Overall with Bell and Holbert

    1980 Porsche Indy Car
    Chassis 0031
    Estimate: $350,000 - $550,000
    Intended as Porsche's return to open-wheel racing, the company's ground-breaking program was cancelled a month before the Indianapolis 500 s a result of last-minute USAC rule changes

    1987 McLaren-Porsche MP4/3 Formula One
    Chassis MP4/3/1
    Estimate: $450,000 - $600,000, Without Reserve
    The first MP4/3 built and the only example in private hands

    1981 Porsche 924 GTP "Le Mans"
    Chassis 924-005
    Estimate: $375,000 - $450,000, Without Reserve
    Factory prototype and development car, built to compete at the 24 Hours of Le Mans

    1995 Porsche 911 GT2 Evolution
    Chassis WP0ZZZ99ZTS393062
    Estimate: $375,000 - $425,000, Without Reserve
    The Champion Porsche, 1996 12 Hours of Sebring class winner

    1992 Porsche 968 Turbo RS
    Chassis WPOZZZ96ZNS820065
    Estimate: $250,000 - $325,000, Without Reserve
    Factory prototype with Le Mans and Sebring race history

    1994 Porsche 911 Turbo 3.6
    Chassis WP0AC2965RS480276
    Estimate: $75,000 - $90,000, Without Reserve

    1986 Porsche 944 Turbo Cup
    Chassis WP0ZZZ95ZGN154076
    Estimate: $65,000 - $85,000, Without Reserve

    1988 Porsche 944 Turbo S
    Chassis WP0AA2957JN151272
    Estimate: $50,000 - $65,000, Without Reserve

    1994 Porsche 968 Turbo S Clone
    Chassis WP0AA2961RS820772
    Estimate: $45,000 - $55,000, Without Reserve

    1991 Porsche 944 S2 Cabriolet
    Chassis WP0CB2949MN440106
    Estimate: $25,000 - $30,000, Without Reserve

    Gooding & Company will be conducting its annual Amelia Island Auction on March 9, 2012 at 11 a.m., at the Racquet Park located at the Omni Amelia Island Plantation at 6800 First Coast Highway in Amelia Island, one mile south of the Amelia Island Parkway. Guests may preview the cars on Thursday, March 8th from 9 a.m. to 6 p.m., and Friday, March 9th from 9 a.m. to 11 a.m. An auction catalogue for $75 admits two to the viewing and auction. General admission to the viewing and auction can be purchased at the tent for $30 per person. Bidder registration forms, press credentials and additional auction information are available at www.goodingco.com or by calling (310) 899-1960. Auctions are broadcast live at www.goodingco.com/auction

    Drendel Porsche Collection

    drendel2.jpg

    1329388224944drendel4.jpg

    drendel5.jpg

    drendel6.jpg

    drendel7.jpg

    drendel3.jpg


    Re: Historic Porsche collection going up for auction

    Unbelievable... what fantastic cars!
    How much you recon I would be able to sell my arm for?


    --

    Porsche, seperates LeMans from LeBoys

    Re: Historic Porsche collection going up for auction

    Amazing collection. Love that GT1.devil


    --

    "I don't mean to brag, but I am really good at self-deprecation."


    Re: Historic Porsche collection going up for auction

    Amazing cars. I've had the pleasure of seeing some of them in real life at the Porsche Museum in Stuttgart and at Porsche Leipzig. They're really special.


    --


    997.1 C2S
     GT Silver/Cocoa, -20mm/LSD, PSE, short shifter, SportDesign rims, Zuffenhausen pickup, BMW Z4 2.5i Roadster Sterling Grey/Red


    Re: Historic Porsche collection going up for auction

    Stunning collection. Would love to lock myself in there for a few hours... not to mention taking some of them for a spin.

    What is the reason for the collection´s disposal, by the way?


    Re: Historic Porsche collection going up for auction

    Ferdie:

    What is the reason for the collection´s disposal, by the way?

    The article mentions that the cars were owned by "the late Matthew Drendel", so I assume this is part of the disposal of his estate.

    Oh, to be a billionaire at a moment like this!  Smiley


    Re: Historic Porsche collection going up for auction

    Ferdie:

    ... What is the reason for the collection´s disposal, by the way?

    A quick search dug this up:  http://dedeporsche.wordpress.com/2010/12/02/in-tribute-to-matt-drendel-of-the-porsche-community/


    Re: Historic Porsche collection going up for auction

    Oh no, that is too bad... surprise


    Re: Historic Porsche collection going up for auction

    What a nice collection!


    Re: Historic Porsche collection going up for auction

    I need $450.000 urgently for that 924 Carrera GT Le Mans angel


    Re: Historic Porsche collection going up for auction

    Age 35 and died from a stomach aneurysm. What a way to go and so young.surprise


    Re: Historic Porsche collection going up for auction


    OMG, I just want a modest $80k to get that 1986 Porsche 944 Turbo Cup


    Why isn't Porsche buying these up themselves... some of them are very damn rare!


    Re: Historic Porsche collection going up for auction

    JimFlat6:

    Age 35 and died from a stomach aneurysm. What a way to go and so young.surprise

    Is that what happened? I was trying to find out how he passed. Very sad indeed!Smiley


    Re: Historic Porsche collection going up for auction

    Just wondering: are historic race cars good investments?  

    The Ferrari GTO recently has been sold at a record GBP 20 million, returning a healthy return of a few million pounds over a couple of years, but what about race cars in general?  Aren't there one too many and is there really demand for these cars?

    Anyone has any experience on investing in race cars?


    Re: Historic Porsche collection going up for auction

    Jean:

    Just wondering: are historic race cars good investments?  

    It varies from time to time. The market goes through booms, followed by busts. 
    The trick is not to buy near the top of a boom. But you don't find out until later that it was the top. Smiley


    --

    fritz


    Re: Historic Porsche collection going up for auction

    ...and after you find out you bought at the top, then the rationale will be that you were not interested in it as an investment, only in the history and heritage of racing. On the other hand, if you bought near the bottom, then indeed it will have been a very wise investment and you will tell everyone about the amazing profits to be made in historic race car collecting.  I don't know what the actual average returns are (it may be difficult to get truthful information about that) but I suspect actual investor experience will be similar to other investments; market timing is a fools game.


    Re: Historic Porsche collection going up for auction

    GM Austin:

    ...and after you find out you bought at the top, then the rationale will be that you were not interested in it as an investment, only in the history and heritage of racing. On the other hand, if you bought near the bottom, then indeed it will have been a very wise investment and you will tell everyone about the amazing profits to be made in historic race car collecting.  I don't know what the actual average returns are (it may be difficult to get truthful information about that) but I suspect actual investor experience will be similar to other investments; market timing is a fools game.

    Historic cars incur high restoration, storage and maintenance costs, whereas a stock portfolio does not.
    When discussing return on investment, car collectors generally tend to talk about their buying and selling prices, and to conveniently forget those other costs. Maybe due to forgetfulness, maybe to self-delusion. 

    I think historic cars are an "investment" for people who have a real interest in them and take genuine pleasure in owning and sometimes driving them, regardless of whether they really make money on them at the end of the day.


    --

    fritz


    Re: Historic Porsche collection going up for auction

    Fritz & GM Austin,

    Thanks for the feedback.

    Shouldn't the investment value of historic cars vs. historic race cars different?  Former at least usable on the road while I would assume it takes a lot to maintain a race engine just to fire it up.

    Anyhow, I suspect we might be at the peak for these kind of things with the retiring baby boomers in US.


    Re: Historic Porsche collection going up for auction

    Jean:

    Shouldn't the investment value of historic cars vs. historic race cars different?  Former at least usable on the road while I would assume it takes a lot to maintain a race engine just to fire it up.

    Some collectors buy race car so that they can drive them or have them driven by others at suitable venues. They are prepared to pay high prices for this for the right car. Others do the same for road cars.  Smiley
    I implicitly mentioned that the maintenance costs for old cars can be very high.

    Anyhow, I suspect we might be at the peak for these kind of things with the retiring baby boomers in US.

    Alternatively, we might now go on to new peaks as more new Asian collectors are added to the pool of buyers. Smiley
    Look at the numbers of cars collected by Japanese buyers in the 1980s and 90s. 


    --

    fritz


    Re: Historic Porsche collection going up for auction

    Another article with more about the history of these cars:  http://www.wired.com/autopia/2012/03/a-turbocharged-porsche-museum-goes-on-the-block/


    Re: Historic Porsche collection going up for auction

    BTW - in case anyone was wondering, Matt Drendel was the heir to a big US cable manufacturing company that his father started.  He seems to have been a great guy.

     

     


    --


    Porsche Carrera GTS (2012); Porsche Cayenne Diesel (2012)


    Re: Historic Porsche collection going up for auction

    There is a livestream to follow the auction: http://www.goodingco.com/ (starting at 11am eastern time)


    Re: Historic Porsche collection going up for auction

    Any info about selling prices?

    I have seen only 4,400000 for 917/30 and 3,700000 for 550.


    Re: Historic Porsche collection going up for auction

    Some more info:

    Porsche 917/30 - 4.400.000$ (4.000.000 without comission)

    Porsche 550/1500RS Spyder - 3.685.000$

    Porsche 935 - 2.500.000$

    Porsche 924GTP - 385.000$

    Porsche 911 GT1 Evo - 1.265.000$

    Porsche 962 - 1.925.000$

    Porsche 906E - 1.000.100$

    Porsche 911 Carrera RSR - 3.245.000$

    More info will be available later.

    Have a question, maybe its not correct... but why, for example, Ferrari 250 TR was sold for ~16mln $ and 917/30, much greater car in terms of motorsport achievements 4 times less? Yes, it is possible that chassis #002 and #003 (that really used by Donohue) could be ~1,5 times more expensive, but anyway it is far from 250 TR or GTO...

     

     


     
    Edit

    Forum

    Board Subject Last post Rating Views Replies
    Porsche Sticky SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA (Part II) 4/17/24 7:16 AM
    GnilM
    758711 1798
    Porsche Sticky Welcome to Rennteam: Cars and Coffee... (photos) 4/7/24 11:48 AM
    Boxster Coupe GTS
    433258 565
    Porsche Sticky OFFICIAL: Cayman GT4 RS (2021) 5/12/23 12:11 PM
    W8MM
    259551 288
    Porsche Sticky OFFICIAL: Porsche 911 (992) GT3 RS - 2022 3/12/24 8:28 AM
    DJM48
    256696 323
    Porsche Sticky The new Macan: the first all-electric SUV from Porsche 1/30/24 9:18 AM
    RCA
    80460 45
    Porsche Sticky OFFICIAL: Taycan 2024 Facelift 3/15/24 1:23 PM
    CGX car nut
    5300 50
    Porsche The moment I've been waiting for... 2/1/24 7:01 PM
    Pilot
     
     
     
     
     
    870322 1364
    Porsche 992 GT3 7/23/23 7:01 PM
    Grant
    805110 3868
    Porsche Welcome to the new Taycan Forum! 2/10/24 4:43 PM
    nberry
    385637 1526
    Porsche GT4RS 4/17/24 4:12 PM
    nberry
    383956 1451
    Others Tesla 2 the new thread 12/13/23 2:48 PM
    CGX car nut
    366753 2401
    Porsche Donor vehicle for Singer Vehicle Design 7/3/23 12:30 PM
    Porker
    365208 797
    Ferrari Ferrari 812 Superfast 4/21/23 8:09 AM
    the-missile
    287568 550
    Porsche Red Nipples 991.2 GT3 Touring on tour 4/11/24 12:32 PM
    Ferdie
    285305 668
    Porsche Collected my 997 GTS today 10/19/23 7:06 PM
    CGX car nut
     
     
     
     
     
    258736 812
    Lambo Huracán EVO STO 7/30/23 6:59 PM
    mcdelaug
    236551 346
    Lotus Lotus Emira 6/25/23 2:53 PM
    Enmanuel
    224474 101
    Others Corvette C8 10/16/23 3:24 PM
    Enmanuel
    219355 488
    Others Gordon Murray - T.50 11/22/23 10:27 AM
    mcdelaug
    166568 387
    Porsche Back to basics - 996 GT3 RS 6/11/23 5:13 PM
    CGX car nut
    138548 144
    BMW M 2024 BMW M3 CS Official Now 12/29/23 9:04 AM
    RCA
    115371 303
    Motor Sp. 2023 Formula One 12/19/23 5:38 AM
    WhoopsyM
    107321 685
    Others Valkyrie final design? 4/28/23 2:45 AM
    Rossi
    99227 219
    Porsche 2022 992 Safari Model 3/7/24 4:22 PM
    WhoopsyM
    83542 239
    AMG Mercedes-Benz W124 500E aka Porsche typ 2758 2/23/24 10:03 PM
    blueflame
    74880 297
    Porsche 992 GT3 RS 3/3/24 7:22 PM
    WhoopsyM
    53026 314
    Motor Sp. Porsche 963 3/16/24 9:27 PM
    WhoopsyM
    24646 237
    Ferrari Ferrari 296 GTB (830PS, Hybrid V6) 1/21/24 4:29 PM
    GT-Boy
    20919 103
    BMW M 2022 BMW M5 CS 4/8/24 1:43 PM
    Ferdie
    19188 140
    AMG G63 sold out 9/15/23 7:38 PM
    Nico997
    16447 120
    129 items found, displaying 1 to 30.