world's most expensive Porsche

World’s most expensive Porsche fetches record $4.4 million at auction

Cars

A 1973 race car has become the world’s most expensive Porsche after it fetched a record $4.4 million at auction over the weekend, the Daily Mail reported.

The Porsche 917/30 Can-Am was so fast that the series it was designed to be raced in was disbanded because rivals couldn’t compete with it.

It was one of just four cars built by the German carmaker, with just two in private hands.

But despite its astonishing performance, the particular model that was auctioned was never raced and was part of the late Porsche collector Matthew Drendel’s stunning collection.

The car, which boasts a top speed of over 240mph, was auctioned off alongside 17 more of Drendel’s classic Porsches at Gooding and Company’s Amelia Island Auction in Florida.

Following a bidding frenzy, the hammer went down at $4.4 million to make it the most expensive Porsche ever sold publicly.

The 917 model was the race car which gave Porsche its first overall wins at the 24 Hours of Le Mans in 1970 and 1971.

The iconic car was made famous with a starring role in Steve McQueen’s 1971 cult film Le Mans.

Porsche modified the 917 when the company decided to focus on the North American markets and the Can-Am Challenge – a race series in the U.S.

It created larger and more powerful engines, and developed a turbocharged 12-cylinder block.

The 917/30, with a longer wheelbase and an even stronger 5.4-litre engine with up to 1,580 horsepower, was introduced in 1973 to great success.

It won the 1973 edition winning all races except one with Mark Donohue driving.

The 917′s race track domination finally came to an end with the introduction of a three miles per US gallon maximum fuel consumption rule for the 1974 season.

The new rules came partly in response to the oil crisis and a number of fiery accidents.

This racing pedigree made it one of the showstoppers out of an impressive array of racing cars up for sale.

The auction house reported 17 separate world records as prices for classic cars continue to soar.

A 1955 Porsche 550/1500 RS Spyder sold for $3,685,000 and a 1974 Porsche 911 Carrera RSR Turbo fetched $3,245,00.

In total, more than $36 million worth of cars were sold at the auction over the weekend – with ten cars selling for more than $1 million each.

David Gooding, president and founder of Gooding and Co, said: “We are extremely pleased with our $36 million auction results, as it underscores the continued strength at the top of the collector car market.”

Lana Galea View Comments

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