Andrew Hosking has been in touch from the specialist Porsche 550 Spyder website, type550.com. Andrew’s spent the last fifteen years researching the race and ownership history and the most recent sightings of the ninety 550 and forty 550A models built and sharing them online. His website contains a wealth of 550 knowledge.
“The 550s are my passion. I have spent many late nights in my pursuit to build an accurate account for each of these unique cars,” says the avid Porsche historian from Melbourne.
Porsche 550A-0121 for sale
Andrew was recently approached by the owner of 550A-0121. The ensuing discussion led to Andrew being commissioned to help find a new home for the car. Located in Monaco, this 550 is a fully restored, matching numbers example. Following a four-year, body-off restoration, the Spyder is now in concours condition and the owner has decided to sell.
As the only 550A Spyder delivered to Denmark, this car formed part of Preben Andersen’s collection and was raced by the Danish driver, Julius Voigt-Nielsen. After a few years in Europe, it travelled to Kenya in Africa, where it was owned by two more passionate drivers before coming to the UK for restoration and then selling to Brescia in Italy: home of the Mille Miglia. The car saw some Mille Miglia action up to 2010.
In 2011, the Spyder was sold to France and on to its current owner in Monaco. The following year saw the start of a full restoration and the 550A has now been returned to its original factory condition of 1957. The car is a complete matching numbers example, with all identification plates from Porsche and body builder Wendler apparently intact. I must say, it looks absolutely beautiful in these photos by Peter Singhof.
Porsche 550 prices and auction results
Rare original Porsches such as the 550 and 550A models usually change hands via auction, but this one is seeking a new owner from the ranks of the worldwide enthusiast community outside of the auctions. No price is mentioned in Andrew’s media release, but there have been several 550 sales in recent years which could be regarded as data points.
Chassis 550-0068 sold through Sothebys at Retromobile in Paris in 2016. First seen at the 1955 Frankfurt show, this 550 sold off the stand to VW/Porsche dealer, Mike Marshall in Florida, and was occasionally driven by Baron Huschke von Hanstein, Porsche’s famous PR man of the era. Quite nice provenance for an early Porsche 550 and sold at a good point in the market for €2.74 million including premium.
Chassis 550-0090 made history later that year when offered by Bonhams at Goodwood Revival. The completely original and unrestored example sold for £4.6 million including premium. This was a world record at the time and perfectly illustrated the sentiment from serious collectors towards an original, unrestored car.
The most recent Porsche 550A Spyder to come up for sale was 550A-0145, an original works car with matching numbers and in very well preserved condition. The car’s provenance included a win at the 1958 Nürburgring 1,000 kms and fifth overall and second in class at the 1958 Le Mans. It went through Bonhams at Scottsdale in January 2018, selling for £3.9 million including premium.
The difference in results across circa eighteen months between the original 550 and the Le Mans-storied 550A is not insignificant. Whether the earlier values hold a relevance in the current market, or whether similar results adjusted for provenance might be achievable without the energy of an open auction sale will be interesting. Either way, it is a beautiful car.
Interested parties can contact Andrew via email for more information: email@example.com.