One-owner Porsche 912 sells for under £40k

A smart looking 1966 Porsche 912 with just one owner from new recently sold at the Bonhams auction in Knokke-Heist, Belgium. Chassis number 352139 was a rare and desirable early 912 with the 3-gauge dashboard. Built by Porsche (not Karmann), the car was finished in Bahama Yellow and had covered just 51,000 miles from new. Here’s the auction description:

This desirable early matching-numbers Porsche 912 was sold new in the beginning of 1966 in the USA via Porsche Car Pacific of Burlingame, California. Being one of the early 1966 examples produced it features the typical and desirable early series 3-clock dashboard, the enamel badged wheels and thin engine support. We are advised that the body of this car with chassis prefix ’35’ was produced by the Porsche factory itself where the vast majority was produced by Karmann.

Its first owner was Mr George Papageorge of San Jose (later Nipomo), California, who would keep the car until 2013 when it was sold to the current owner who unfortunately passed away and was never able to drive this car meaning this effectively is a ‘1 registered owner from new’ car.

A copy of the original Porsche Kardex is on file together with a State of California Certificate of Title and the 2013 bill of sale. EU duties have been paid. Still in its original (professionally repainted) colour scheme of Bahama Yellow with black (original) interior, this remarkably original Porsche 912 has led an easy life, as a single look will confirm. Even the carpets in the passenger compartment and boot appear original, and we are advised that there are no signs of welding or accident damage.

The odometer reading is circa 51,000 miles. We are advised by the vendor that the engine starts instantly and runs well, while the transmission is said to be in good working order. In addition to the aforementioned documentation, the car also comes with its original jack, service book, factory options book, and Blaupunkt radio instructions.

While the description clarifies some of the headline-grabbing stuff (i.e. it is not a one owner car and the 51,000 miles is not described as warranted), the price still looks reasonable. Such early 911s and 912s are notorious for rust and the condition of the bodywork has a sizeable effect on value. If the bodywork of this car is all in good order and the mileage is correct, this 912 was a good buy that should certainly be insured for a higher value.