Heroshot

1959 Porsche 718

RSK Spyder
$2,975,000
Sale Price
$2,500,000 - $3,500,000
Est. Range
Yes
Reserve
4 March 2022
Sold Date
27
Lot Number
#2-
Competition restoration
Gooding & Company
Auction House
Chassis no. 718018; Engine no. 90209. Silver over tan. 1587H4/160hp Carrera 4-cam, dual Webers, Dunlop Racing tires. Comes with owner's manual.

Evaluation: One of 34 built. Sold new to California dealer Emil Pardee, who raced it to several class and overall wins in SCCA competition. Then passed through several California racers, including Steve McQueen’s mechanic Haig Alltounian, and had a pushrod 356 engine installed at some point. Bought in 1970 by the consignor’s father, stored for many years, and restored in the 2010s with a proper Carrera 4-cam. Shown at Amelia Island in 2018 and displayed at the Porsche Experience Center in Atlanta. Not overdone at all, just restored to solid and correct race car standards and of course much of the value is in its history and the fact that it’s a genuine RSK with its original body.

Bottom Line: The 718 was one of Porsche’s best early race cars with major wins on both sides of the Atlantic and often punching above its weight for overall wins against much more powerful cars, furthering Porsche’s giant-killing reputation. Chassis 718018, then, was the star Porsche in a very Porsche-heavy auction that also included six other historic race cars (including a 904 and a 935) and deservedly the most expensive. Other 718s have sold for more, but given this one’s history and replacement engine, the $2.975M final price is a rational one. 

by Andrew Newton
12 March 2022
1959 Porsche 718 RSK front three-quarter
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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.