RM Sotheby’s has announced that its second auction at the annual Techno Classica Essen car show (which was to be held at the end of March) will be postponed to June 2020 due to the coronavirus scare.
“RM Sotheby’s today announces that its forthcoming Essen auction (scheduled 26-27 March) is postponed until the second half of June. RM Sotheby’s, along with all participants of The Techno-Classica Essen show, are working in consultation with the organisers of the event in order to establish a fixed new date. The decision to not proceed with original dates comes in light of the global COVID-19 outbreak and the need to secure the safety of the exhibitors, staff, auction and event visitors, and all decisions are being made in consultation with the health department of the German government.
“It is both our and the Techno-Classica organisation’s primary goal to ensure the good health of our customers, auction visitors and staff, while all parties are committed to reorganizing this incredible annual event as quickly as possible in 2020. RM Sotheby’s will do all it can to ensure the transition to a new date is as smooth as possible for all involved. We will be in touch with news of the new date as soon as it is settled.”
Techno Classica is a yearly ritual for me, so, assuming the fair goes ahead, I am heading for Essen. Having an auction on site is a handy addition and I will miss the opportunity to sit amongst bidders.
Last year’s auction – the first at Techno Classica – was held in a basement close to one of the furthest entrances from the centre. In previous years, this space had been filled by a mixed bag of enthusiast stands and trade sellers, none of whom one would place in the top tier of cars being shown. One had to leave the main arena to access this hall and, for those coming in from the main entrance, it was possible to miss it entirely.
Footfall consequently felt fairly low, with many people skipping the hall through no fault of their own. One UK trade seller I spoke to at length who had consigned a Porsche 911 Turbo to the sale was disappointed with the bidding, but that might have been caused by a high asking price and a general lethargy around the model he was offering.
Sotheby’s press release after the event painted an upbeat picture. “RM Sotheby’s wrapped up the company’s first-ever German auction, reaching total sales of €18.7 million with 86 percent of all 229 lots on offer finding new homes. The two-day sale represents one of the most successful and significant collector car auctions ever held in Germany in terms of both total value and number of cars sold. The auction took place in a packed room on both days and drew bidders from 46 countries, with more than 40 percent of participants being first-time RM Sotheby’s clientele.”
This certainly sounds like an exciting result, but auctions rely on generating some fever and it felt a bit like the fever was going on elsewhere. A better spot for the auction might have been in one of the spaces between halls, where the buzz is constant and the sound of an auction in progress would build on that excitement. Sotheby’s always put on a characterful show and it felt wasted downstairs in the basement.
Porsche Auction Sales Mix
The catalogue for this year’s Techno Classica sale included several Porsches. The online catalogue shows 217 lots in total, with 203 being vehicles and sixteen being Porsches: two water cooled 911s in the shape of a 2005 996 Turbo S Coupe and a 2014 991 Turbo S Coupe, a 1992 928 GTS manual, no less than eight 356 models of various types and five air-cooled 911s, including a 1977 Carrera 3.0 Coupe with little early history but offered without reserve (below).
The 2020 Essen Porsche auction mix is quite different to last year’s sale, which comprised 229 lots, 212 of which were vehicles. Seventeen of these were Porsche vehicles, including two tractors, one water-cooled 911 – a 2011 997 GT3 RS – three 928s and several air-cooled 911s. Everything sold except for two cars: both of which were air-cooled Turbos, which have been sinking from their overinflated prices in recent years.
While there is still decent demand for quality air-cooled cars sold by private owners and my Porsche valuation service including Porsche pre-purchase price checks has been busy all year, supply of the best examples through the used trade and auction market does seem a bit squeezed and it will be interesting to see how this plays out.
I recently contributed to a piece in Classic Cars magazine on the 993 RS being offered at Sotheby’s Retromobile Paris sale on February 5th: a nice street optioned car with decent history, which failed to sell despite an apparently sensible estimate.
Auction Results for Sotheby’s Paris Porsche sale
The Paris sale was quite a low volume event. Just 97 lots were shown on the catalogue and only 78 of those were vehicles, with five of those offerings carrying Porsche badges. Two of the five failed to sell: one being the 993 RS and the other a black and gold Carrera GT modified from new by Gemballa for a footballer. The sellers were a 904 Carrera GTS at €1.9 million, a super low mileage 996 GT3 RS Club Sport that found a home at €250,000 and an ex-Porsche 924 Carrera GTS, which sold for over €200,000. Clearly there was money in the room for the right car, so it seems that the RS was not that example.
Postponing the TechnoClassica sale seems like a sensible option, both for sellers who don’t want their car to fail to sell in public due to low footfall and the auctioneers who don’t want a flop on their hands so early in the life of an annual event. Of course coronavirus is also a concern, but timing is everything in Porsche sales and June may give these eight 356s a much better chance.
One has to wonder what will come of the TechnoClassica if Germany follows the lead of other countries and prohibits events gathering of more than 5,000 people at a time. My hotel is non-refundable, so there’s a good lesson to start with!
Porsche has just launched the new 992 Turbo S in a livestream from Youtube. The presentation was hosted by Mark Webber, with appearances by Oliver Blume and Frank Walliser, who last year moved from the racing department to head Porsche’s 911 and 718 product lines. Comparatively little was said about the new model: much more was made of Porsche’s environmental goals.
On stage with Webber were two 992 Turbo S Coupes in Silver and Dark Metallic Blue and a Turbo S Cabriolet in white with red leather: a hand-stitched extended leather package. Walliser described the trim as catering for traditionalists, being reminiscent of the cabin in the original 1974 911 Turbo (the 930). It’s maybe a bit more along the lines of later Special Wishes models from the 1980s, including the Turbo SE.
“Passion, performance, pure emotion: that is what Porsche stands for,” said Webber. “The blueprint for all Porsche design is the 911: the world’s most recognisable sports car. Today, the flagship of that line takes centre stage.”
If you like a bit of Phil Collins, you were in luck, as “In the Air Tonight” provided the soundtrack for a montage of launch clips filmed on a dusty desert island showing an eagle, a wind tunnel and the Turbo S in motion.
“The Turbo S is elegant, efficient, powerful and, above all, it’s completely cool,” is how Porsche CEO, Oliver Blume, summed up the Turbo S essence. “The new car has 650ps, that is 70ps more than the previous generation. It sprints from 0-100 km/h in only 2.7 seconds and has a top speed of 330 km/h (205 mph).
“The first 911 Turbo was a real sensation in the 1970s and each new generation takes it one step further. We make it sharper in design, faster and more efficient. The Turbo is part of our DNA: it embodies the core brand values of Porsche: dynamics, power output and speed. And it is a real all-rounder, perfectly balancing speed and everyday usability.”
Porsche 911 Turbo: S for Sustainability
It was inevitable that at some stage the boss would bolt for the pass, to head off critics of the Turbo S’s profile as the historic embodiment of profligate excess versus Porsche’s environmental strategies with the all-electric Taycan, but it was still was a surprise to hear the CEO suggesting that the Turbo S was sustainable. Turbo S is the flagship of a highly priviled luxury product line, and sustainability is not very high on the list for most buyers. If buyers were serious about personal sustainability goals, they would hardly be spending £160,000 on a 700+ horsepower performance car.
“The Turbo S product strategy matches our brand profile and core competencies. It is sporty, flexible and sustainable. Therefore we focus on emotive combustion engines, dynamic plug-in hybrids and innovative electric sports cars.
“With electric cars and hybrids, we avoid local emissions. Their share of market will continue to grow. By 2025, half of all new Porsches will be electrified. At the same time, we are optimising our petrol engines. With each new generation, they are becoming more efficient. This also applies to sports cars, such as the Turbo S.
“Last year, we launched the Taycan: our first fully electric sports car. In doing so, we took a big step towards our sustainability goals. Sustainability today represents an important purchase reason: one that is just as important as a brand, the product and the design. That is what our customers see as value added.
“Sustainability is therefore an important pillar in our strategy. The Taycan is a successful example: driving with zero local emissions in an all-electric sports car. The production is zero-emissions at our new Taycan factory. But not only there: in the past five years, we have reduced CO2 emissions at all Porsche production facilities by an impressive 75% per car. We also set our clear sustainability guidelines for our suppliers.
“So ladies and gentlemen, Porsche is taking responsibility for society and the environment. At the same time, we are driving dreams from the racetrack to the road. This is what Porsche makes unique and also, a really cool brand.”
You have to take your hat off to anyone who can stand in front of half a million quid’s worth of wide-arched toys for the wealthy and give a speech about sustainability. That said, this was a much safer strategy than simply unveiling the trio without an accompanying corporate environmental presentation. Yes, the Turbo S is a usable everyday supercar – perhaps the perfect example of such – but how many buyers will take it over a zero-guilt, Taycan with similar oomph and bombproof residual values? Can the 911 Turbo S survive in the drive towards electric?
Porsche 911 Turbo S: survival in the age of electric
The Porsche 911 Turbo S is undeniably a bastion of excess, but excess is appealing to a shrinking number of western buyers. This is even more true as the stunning 0-60 performance, which has traditionally been the sole preserve and main attraction of turbocharged 911s, is laid waste by the instantaneous torque of electric motors. No doubt the Porsche 992 Turbo S is another great flagship, but how long more will this flagship exist?
Perhaps some will claim that we have just watched the launch of the last great Turbo, but I doubt it. The one thing that all Porsche Turbo S models have shared through the years is distinct self-effacement: an understated, restrained facade that is never brash or trying too hard, like a Lamborghini or modern-day Aston. It simply turns up with a minimum of fuss and does the job reliably, time after time. If a 911 Turbo S has one truly sustainable quality with enduring appeal, that is the one.
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Another edition of the Safari Classic Rally is currently in progress and, as always, I’m running the Tuthill Porsche media feeds. With ten cars under its wing, the team is enjoying a decent event. Yesterday was rally day seven and three Tuthill-built 911s finished the day in the top three positions: a fortunate position after thousands of kilometres of competitive rallying on this famously brutal contest.
The entry list for 2019 was smaller than previous editions; fewer than thirty cars entered and only twenty-two cars started the rally. The lower entry numbers can be ascribed to a number of factors, including cost, perceived risk and alternatives. There were also some issues in management and communications during and after the 2017 edition, following the death of one of the managing partners in a mid-event car crash. The fallout cast a traumatic shadow over what had otherwise been another tough but exciting Safari.
Putting things right took a lot of hard work. After 2017, the organisers put considerable effort into modernising its processes, with a major personnel shakeup and big changes in transparency and stewarding. As was promised in discussions and competitor workshops through 2018, the changes delivered a much-improved structure for 2019 and the organisers – headed by a new Clerk of Course – have done a magnificent job this year.
The Safari Classic entry list is restricted to cars from the glory days of Safari: 2wd non-turbo cars pre-1986 that conform to FIA historic regulations. Many cars have won the event, with Mk1 and Mk2 Escorts, 240Zs and 911s all down as previous winners.
The rally takes place over vast swathes of East Africa. While the event is run entirely on open public roads, the logistics including car shipping, accommodation, route mapping, marshalling, medical helicopters etc are huge and it is not cheap to compete. Entry fees for international drivers including car shipping and three twin hotel rooms for the rally duration are set at $34,000, with local entries costing $12,500. Add the cost of car prep before and re-prep after, the cost of hiring support and bringing in parts and the cost of putting up team and supporters and the costs soon soar. This is not a poor man’s sport.
Kenya has a highly active national championship and locals stage another Safari-style rally earlier in the year. Subsidised by wealthy competitors, the earlier rally has lower entry fees and no participant support, so drivers sort out their own shipping, accommodation and so on. If one only wants to rally against local friends and rivals, the smaller event might fit the bill. As most club rally folk do not have the resources to refurbish a rally car twice in six months, this leads to inevitable consequences for the big Safari’s entry list.
Safari Classic entries may have been down this year but the calibre of entrant remained pretty strong. Six-time Kenyan champion, Ian Duncan, was entered in a new Rover SD1 build. Three Kabras Sugar 911 entries included the triple Safari Rally winner, Baldev Chager.
Three Team Tidö Race4Health 911s included the former world rally champion and 2015 Safari Classic winner, Stig Blomqvist. Former Austrian national rally champion and three-time national historic champion, Kris Rosenberger (below), was also entered in a Tuthill 911 that had competed in several earlier events with its previous owner. He would be co-driven by partner, Nicola (Niki) Bleicher, on her first rally in Africa.
The weather through Kenya and Tanzania in the weeks before Safari was wet on an epic scale. Heavy rains in the mountains washed away many roads and bridges and some cancelled stages would be inevitable. Nevertheless, the rally began in Mombasa on November 27th and the competitors completed day one with the first three stages of the 2019 event.
The end of the day saw Kabras Porsches first and second, Blomqvist third and Rosenberger fourth. Three seconds separated first and second, then it was seven minutes back to Blomqvist and Rosenberger: the Austrian less than a minute off Stig. The front two were setting a super hot pace, but Safari is all about surviving the long haul.
Day two brought the first big change at the front. Chager ran well in the first two stages but failed to start the third of the day. This cost more than two hours in penalties and moved him out of the top ten. As team mate Onkar Rai took the lead, Rosenberger outpaced Stig: Nicola was learning to manage the notes and the pair closed the gap to the lead to under three minutes.
Huge rains in the mountains around Arusha in Tanzania lead to the cancellation of all stages on day three, but the cars got racing again the day after. Blomqvist came out with guns blazing, setting the fastest time on stage one. Onkar Rai responded, going quickest on two, but the day’s third stage again hurt the Kabras team and Rai suffered damage. He moved down to fifth overall and Rosenberger took over the lead with Blomqvist some thirty seconds behind. Kabras driver, Tejveer Rai, was now in third.
Day five is the mid-point of the rally and what’s known as ‘rest day’. Drivers get a chance to catch up on sleep, relax or go sightseeing while the crews prepare the cars for four more days of torture. In an extended six-hour service, every Tuthill car is stripped, checked and rebuilt ready for rally part two. This is made possible by a huge team effort, including a mobile parts base shipped from the UK and a devoted tyre station with two tyre guys managing the thirty-six tyres allotted to each car for the nine-day event.
The scale of Tuthill’s presence in Africa is akin to manufacturers on world championship events and many of the mechanics looking after these 911s in Kenya are ex-WRC, so operate efficiently under extreme pressure. The team has run as many as seventeen cars on previous editions and, given the sums clients are paying to complete the event successfully, there is a pressing commercial case for the highest possible level of technical support.
Compared to how solo competitors with simpler aspirations go rallying in Africa, the Wardington army may seem like overkill, but if you want to start ten cars, rally them flat out for nine days and thousands of kilometres in an environment as harsh as this and get them all across the finish line nine days later, it is difficult to overcook the support. The detailed campaign is a giant leap forward on how privateers used to go rallying back in the day, but what clients expect nowadays on tortuous, far-flung events.
Today was the penultimate day of the 2019 East African Safari Classic Rally and it was a typical day of Safari highs and lows, as seen in Richard’s latest video diary (below – see the full set on the Tuthill Porsche YouTube channel). From securing loose goats to losing a podium place within sight of the finish with an unfortunate landing, the rally is all about highs and lows, but that is why devotees love it so much.
As we wait for the final stages of day nine to begin, 6.8 seconds separate Blomqvist and Rosenberger at the front of the field. That exciting story is about to conclude, but this rally is packed with stories equally as thrilling right through the order. From those drivers who save for a lifetime to experience this event, to the people who help run and operate it, to the spectators who take so much energy from brief glimpses of rally cars once every two years, Safari Classic is an incredible spectacle.
Whatever happens tomorrow, I hope the organisers can continue to build upon the overhaul of their internal structures and entice more cars back to Kenya in 2021. This event and the spirit and heritage it honours merits huge respect and success: it is one of a kind and unique in the world.
The wettest November on record came in 1852. After heavy rain through summer and autumn, records show that things reached disastrous levels in November, when large parts of the country ended up underwater. Even Queen Victoria noted in her diary that half of Windsor was submerged.
The rainfall in November 2019 is so far shaping up to beat the record set 167 years ago, so no wonder that Dario Franchitti’s Porsche 964 Speedster has popped up for sale through Bonhams in their RAF Museum sale in London on November 21st.
Dario picked up this Speedster in 2010 while driving for Ganassi and shipped it back to the UK when he moved home to Scotland in 2014. The four-time IndyCar champ was the third owner of the Guards Red Speedster after its delivery to the original buyer in February 1994.
I’m by no means an expert on the Franchitti collection, but he and I did discuss his Porsche fleet in a chat at Tuthills a few months ago. The main topic of conversation was the surprise restoration of his dad’s original 930, presented as a surprise after the return to Scotland. That was a very cool story.
While Dario has a thing for red cars, and the Speedster is certainly red with a capital R, a Speedster may not instantly strike you as an obvious Franchitti choice, but a manual 964 Speedster is good fun to drive. Dario previously shipped the car from his US base in Tennessee to California, for a 2k-mile road trip up and down PCH1.
“The fact that it was a convertible was good in California,” Dario told Motor Trend. “I did about 2,000 miles in a couple of weeks, so that was quite good fun. I drove it down to L.A. and up to San Francisco a couple of times while based at the Monterey Historics.”
I drove those roads through the redwoods in my Pacific Blue 911 SC and for sure they’d be fun in a Speedster. My 964 Speedster drives have all been ace and the 17″ Cup wheels, factory limited slip differential and the RS buckets fitted to this one just up the attraction. MOT history shows the 964 has only done a few hundred miles a year since coming back to the UK. A quick look online also shows that the car has previously been offered for sale, with no takers.
Chassis number WP0CB2965RS465353 appeared in the catalogue for the September Silverstone Auctions sale at our local polo club. Low estimate was a sensible £125k but the car failed to find a buyer. At least Silverstone’s pictures (seen here) showed more of an effort than Bonhams. It has also apparently been offered at supercar dealer, Joe Macari in London with no joy. So now it is heading off to another auction.
Some friends of mine once lived in a very posh squat around the corner from the RAF Museum. Hendon in a soaking wet November doesn’t strike me as the sort of place one would predict a Speedster to sell well. Personally I would book it for the auction they hold at Monaco Historic GP every May and watch it romp off amongst fellow race drivers and – HELLO – some good old-fashioned SUNSHINE. Easy sales are all about timing.
PS: note the good reg plate on this car: 111 XRF. I would take that off before the auction. It will not add a cent to the price for an overseas buyer (good odds) and is too cool to give away. Sell the car to a Euro buyer in Monaco and keep the plate for something else. Always, always, always take plates off unless they are of historic significance to the chassis.
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“If you really want to learn and get better at anything and to have any chance of becoming an expert, you have to be willing to be uncomfortable. That’s because thinking takes effort. It involves fighting through confusion and, for most of us, that’s at least somewhat unpleasant.”
So says the closing quote in a great video by Veritasium, one of my favourite Youtube channels. If you share my goal to finish each day a little smarter than you started it, this channel is indispensable.
In his video “The Science of Thinking” (scroll down), Veritasium’s Derek Muller dives into the System 1/System 2 thinking model explored so eloquently in Daniel Kahneman’s book “Thinking Fast and Slow” and shows why learning feels hard and takes time. I’ve been struggling with this truth all week, as I set myself a project to understand more about energy.
The Origins of Energy
Today we may think of the concept of energy as fundamental to the human experience, but it’s a relatively recent arrival. Though Aristotle spoke of “energeia” in the fourth century BC, the Greek word was not directly translatable. The German mathematician and philosopher, Gottfried Wilhelm Leibniz, formulated ideas corresponding to our modern understanding of kinetic and potential energy in the 17th century, but it was not until the early part of the 19th century that Thomas Young used the term ‘energy’ in the way we mean it today.
Young’s use of the word did not gain traction and it popped up only sporadically in science until Einstein’s Theory of Special Relativity in 1905. By the time his Theory of General Relativity was published in 1916, the notion of energy was becoming widespread. But let’s go back to Leibniz.
Gottfried Wilhelm Leibniz (1646-1716)
Gottfried Wilhelm Leibniz was born in Leipzig in July 1646. His father – a professor of Moral Philosophy at the University of Leipzig – died when Gottfried was six years old, leaving his son a substantial library. In April 1661, the fourteen year-old enrolled at Leipzig, graduating with a bachelor’s degree in Philosophy just eighteen months later. He then spent another year earning a masters in the subject.
Opining that philosophy and law were connected in theory and practice, Leibniz then spent a year studying law and was awarded a bachelor’s degree in the subject in September 1665. The following year, Leipzig refused the young man’s application for a doctorate – a process that normally took three years and included a licence to practice law – so he left Leipzig and went to the University of Altdorf. The university awarded the twenty year-old with his licence and doctorate in February 1667. They also offered him an academic position, which he declined.
Leibniz’ life is an incredible story. He worked in alchemy, law and international diplomacy until a meeting with a physicist and mathematician revealed a flawed understanding of both subjects. Studying maths led to the formulation of an entirely new form of calculus and the invention of a calculating machine called the Stepped Reckoner, a model of which he presented to the Royal Society in the 1673. The Society instantly made him a member.
Period engineering struggled to manufacture the intricate machine, but restoration of his final version in the late 19th century showed that it worked. The machine survives in the Gottfried Wilhelm Leibniz library at the University of Hanover.
Leibniz vs Newton and Descartes
Leibniz was active across many areas and his work brought him into conflict with other thinkers of the time, including Newton and Descartes. Sides taken in the fallout from these disputes would lead to virtual anonymity at the time of his death, but his work has since earned significant approval.
Many of Leibniz’ ideas would not be proven until centuries later. Positioning himself against Newton, he argued that space, time and motion were relative rather than absolute. This was not settled until Einstein and the discovery of subatomic particles supported Leibniz’ theory of motion, based on the existence of both kinetic and potential energy.
Other Leibniz ideas included the molten core of the earth, the existence of an unconscious mind and the development of national insurance systems. He pre-empted game theory and information theory and is regarded as one of the first computer scientists: while researching other cultures and comparing notes on metaphysics, Leibniz read the Chinese I Ching text and reinterpreted the Ying/Yang symbol as a zero and one.
I don’t know where to stop with Leibniz: he is simply incredible. Nowadays, a person with one game-changing idea in life is granted hero status, but here is a man to match Da Vinci and yet we have scarcely heard of him. I tripped over him in a BBC video on the concept of energy, which led me to Leibniz and Emmy Noether’s theorem on the physics of symmetry. This is where my tiny brain is struggling hardest at the minute, but I am working on it.
Porsche Parts: Pure Energy
When I was first sent the photos accompanying this post, they immediately intrigued me. Shot by a famous German photographer, the images show various Porsche parts in an explosive state of animation. Echoing the two-dimensional parts diagrams all car enthusiasts will be familiar with, these energetic three-dimensional photos of Porsche parts challenge our notions of the inanimate nature of car parts and question our concept of energy in a pivotal time for consideration and conservation.
As energy cannot be created or destroyed, the energy that went into creating these parts and the energy they will generate throughout their useful life is significant. Even static, every part in these photos embodies energy that has surrounded our world since the very beginning.
We must also consider the question of the human energy invested in these parts: the design. manufacture and assembly and the creation of these incredible photographs. Energy everywhere moving from one form to another – a fascinating train of thought, especially if one has watched enough Star Wars movies. May the force be with you.
Our energy future is a significant challenge: whether we will continue to survive as a species largely depends on how we allocate our energy resources and how we choose to expend our own energy. It is important that as well as looking forward, we look back to lives such as Leibniz and Noether and are inspired by the mental energy they invested into stretching the collective consciousness and understanding of the universe.
I’ll conclude with a nod to Leipzig University’s page on the origins of energy as a concept, which I drew upon while writing this piece. “The concept of “energy” has entered common speech in ways that are often confusing and contradictory. Everyday expressions such as “energy production” or “renewable energy” contradict the energy conservation law which, as we recall, asserts that energy cannot be created or destroyed. The scientific definition of energy by the law of energy conservation also does not do much to help us understand expressions like “an energetic person”.
For an everyday working definition of “energy”, we might look back to Aristotle for inspiration. Stated simply, he said: Energy is a condition that describes the capacity to do work.”
While Aristotle’s point is a subtle one and considering the nature of energy to include creative and contemplative energy may be intolerable from a purely mathematical position, being more appreciative of energy and the increasing importance of our relationship with the concept in all of its accepted forms is paramount to our future.
If these engaging images help us to take a step back from viewing their subjects as simply constituent elements in a privileged form of personal transport and classifying them only in terms of the thrills they deliver, they will have transgressed their intended function and inspired more energy than their designers and manufacturers could have ever imagined. That is exciting on so many levels.
Photo Credits:
Bernd Ebsen – Photographer Oliver Naske – Set in Motion (Set building) Nils Emde – Splash camshaft Imagerefinery – Postproduction Tom Schönfeld – Assistant
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Ferdinand blogs my freelance adventure with Porsche at the centre. To support the blog or engage with me in other ways, you can:
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