7:28 am, January 26, 2021
A new world record result has been set for a Porsche 911 Reimagined by Singer after an example sold for over £696,000 on Collecting Cars.
Known as the ‘Newcastle Commission’, the special Singer sold on the Collecting Cars online platform for a total price of £696,500 with a buyer’s premium capped at £6,000 (or 0.8 per cent of the sale price).
The hammer price of £696,500 (just over $950,000) means it’s the highest figure paid for such a car at auction.
The price eclipses the two previous reported auction results by a significant margin: The ‘Mountain View Car’ was sold for $857,500 in the US in August 2019, and the ‘Fiona Commission’ was sold for $825,000 in November 2019 in the UAE.
The car originally started life as an accident-free 1990 964 UK car and was stripped back to its monocoque, before being rebuilt with carbon-fibre exterior panels.
It’s powered by a naturally aspirated 4.0-litre air-cooled flat-six by Ed Pink Racing Engines, and features desirable options such as the Brembo ‘big brake’ upgrade and carbon-fibre track seats. It also has Ohlins dampers, a MoTeC M1 series ECU, and a military-grade wiring harness.
The sale of the Porsche 911 Reimagined by Singer also sets a new platform record for Collecting Cars, topping the previous highest sale value of £538,500 for a 1973 Porsche 911 Carrera 2.7 RS (£544,500 inc. buyer’s premium).
Collecting Cars founder, Edward Lovett, spoke to Car Dealer Live last year about the business. You can watch the interview at the top of this story
Investigation: Going, going, gone? Could Covid signal the end of the physical car auction?
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