Ultimate Showdown - Preserved vs. Restored

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Over the past decade or so, the Collector car community began changing their minds over which is more interesting, valuable and collectible - a perfectly restored Classic vs. a perfectly preserved Classic.

The fully restored cars were far easier to assess and value based on provenance, rarity and extensive details of the restoration. Conversely, the unrestored vehicles with a variety in the state of preservation, far harder to judge. That said, a review of past offerings revealed the majority of "original and unrestored" cars offered were "impeccably preserved" examples. Which means the age-related imperfections we so slight the rarity and value rose to be equal or of greater value than the fully restored counterparts.

Well, the debate is being put to the ultimate test. H & H Classics of Duxford, UK, has sourced and is offering two nearly identical 1967 Porsche 911S at their upcoming March 29, 2017 auction. Why this is somewhat monumental is that in nearly, possible all, previous auctions there was only one version of a particular collectible available; either fully restored or impeccably preserved. 

The basic detail are these two Classics are nearly identical in every respect, same year, make, model options, paint and interior colors. . Their production sequence is within a few hundred vehicles. The following details and photos are from the H&H Auction website.

First Twin: LHD. Sold new in the U.S.A. by Nick Cilibert Motors of Reading, Pennsylvania to a gentleman from Dallas, Texas in August 1967. The first owner regularly used the car for club events, like the Porsche Parade in California in 1969. He passed the car on to an acquaintance from Florida in 1979, who kept it until 2014, when it was sold to its current owner. The car is absolutely unique in that it’s completely original and unrestored. It still carries its original factory paint in very good condition. Slightly reduced in thickness through polishing over the years and with some touched-in stone chips but with an absolutely amazing patina. Likewise the interior is completely original. Perfect factory panel gaps.
Naturally the car has matching numbers and comes with documentation, including Porsche Classic Certificate and service book. Its last owner regularly used and serviced the car, thus it was mechanically always in good condition. The current owner had the carburetors cleaned and adjusted together with the ignition, changed some of the rubber fuel hoses, rebuilt the brakes and part of the suspension and performed a good service. Other than that, the car needed nothing. It recently participated in a Porsche alpine tour of 1,000 miles without any issues. Probably unique and unrepeatable in the world, this early example of the highly desirable 911 S is now looking for a new home. Estimate £220,000 - 250,000.

Second Twin: LHD. Sold new in the U.S.A. and delivered to Texas on 12th May, 1967. Its second owner from Tallahassee bought the car in 1979 and it remained part of a private collection until 2015. The current owner decided to have the car completely restored and it just underwent a 1,500 hours, fully documented nut and bolt restoration to better than new condition, including bodywork, cathodic dip coating bath for maximum rust protection, repaint using Glasurit products as close to the original specification as possible, all mechanic components, electrics and interior by a renowned German Porsche expert. Estimate: £220,000 - 240,000.
There are hundreds of 1967 911S's which could be acquired and restored to better than new. There are probably fewer than a dozen in perfectly preserved condition. With the recent rise in both popularity and value regarding Classic Porsche's, we think the pre-sale estimate of the preserved version will get blown out of the water to exceed £300,000, while the hammer price of the fully restored version will be close to estimates.

Add your thought in the comments section below

As of April 4, 2017, neither Classic sold. Both cars are available and should you be interested, you can register and bid on them here:

Restored Link
Preserved Link