Heroshot

1953 Porsche 356

1500S Coupe, body by Reutter
RM Online Only - Open Roads, March
Wednesday, 17 March - Thursday, 25 March 2021
$88,000
Sale Price
$50,000 - $60,000
Est. Range
Yes
Reserve
25 March 2021
Sold Date
251
Lot Number
#5-
Unrestored original
RM Sotheby's
Auction House
Chassis no. 50245. Red over black. Hub caps, Telefunken radio.

Evaluation: Ordered new in Palmetto Green with the 1500S engine and a Telefunken radio. Part of a collection of seven barn finds located in Indiana, and that barn certainly wasn’t climate controlled or sealed shut. The car is filthy and shows rust everywhere. The engine and the passenger’s seat are missing. Several years and six figures away from ever seeing the road again, if it is even salvageable.

Bottom Line: At least two bidders seemed to think it is indeed worth saving. The price is well over RM’s reasonable high estimate and should have at least bought a car with an engine, even a seized one. We’ve seen rusty barn find Porsches sell for big money before, but typically such cars are far less deteriorated than this one. Best of luck to whoever has it now.

by Andrew Newton
31 March 2021
Hagerty
Valuation Tools

See how much your car is worth.

Get current values, historical values, model history and more.

Comments

  • Steve reddy says:

    Fools and their money a soon parted

  • Timothy Kelly says:

    It may end up in a movie. They have the bucks to do a restore. Jimmy Dean

  • Andreas A Schoenwandt says:

    seems like the obverse of ceramic coating, call it dust coating. Reminds me of the special boots worn by shady agents that have to prep empty hunting spreads before they´re sold to a city slicker: they have stag hocks fixed at the heels to produce phony tracks…and here we have a perfect candidate for ranch art in New Mexico or a deer feeder on the Upper Michigan Peninsula made to look like a sleeper. No engine? For real?

  • Carl says:

    Wait until its restored. $80K just may be a good deal for a bent-window 356?

Leave a Reply

Your email address will not be published.

More on this topic

Hagerty Insider Newsletter

Your weekly dose of auction reports, market analysis, and more.

Thank You!
Your request will be handled as soon as possible
Hagerty Insider Newsletter
Your weekly dose of auction reports, market analysis, and more.
Share
Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.