PRICES SOAR AT AUCTION
HOLDING on to a classy car or motorbike for a while seems to be a better investment than property. Or gold.
It was proved at Shannons Winter Classic Auction last week, with online and floor bidders driving record prices for some lots.
Top seller of the night was a 1964 Porsche 356SC Coupe that eventually sold for $180,000 – well over its pre-auction high estimate – after a relentless duel between a telephone and a floor bidder.
The car was owned by a German for more than 40 years, underwent an exhaustive 15-year restoration and is probably the finest Porsche of its type in Australia.
Another money-maker was a rough, but very rare 1923 Harley-Davidson Two Cam Board Track Racer, described by one bidder as a ‘bag of bones’.
The unrestored machine was one of the few original early Harley racers to survive in original condition and created international interest.
Bidding opened at $40,000, but soon surged through its guiding range of $48,000$58,000 and beyond $100,000 in a duel between local and overseas phone enthusiasts.
It brought applause when it sold to an overseas collector for $118,000 – an auction record for this model Harley.
In other bike sales, a 1949 Vincent HRD Rapide 998cc fetched $58,500, a circa-1949 hybrid Norton with a Vincent HRD motor realised $48,000 and a 1952 Vincent Comet Series C 500cc was snapped up for $37,000.
Food for thought.
This 1964 Porsche fetched a record $180,000.
This ' bag of bones' 1923 Harley Davidson went for a numbing $118,000.