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

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?

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