1980 Porsche 924 GTPSOLD

Gooding & Company Classic Car Auctions

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To be sold at the Gooding & Company Amelia Island Auction on March 9, 2012. For further details please visit www.goodingco.com or contact a vehicle specialist at 001.310.899.1960. Engine Specifications: 1,984 CC SOHC Inline 4-Cylinder Engine Bosch Mechanical Fuel Injection Single KKK Turbocharger Estimated 320 HP at 7,000 RPM 5-Speed Manual Gearbox 4-Wheel Ventilated Disc Brakes Independent MacPherson Strut Front Suspension with Anti-Roll Bar Rear Semi-Trailing Arm Suspension with Coil-Over Shock Absorbers and Anti-Roll Bar About this Car: During Fall 1979, Norbert Singer began preparing a racing variant of the 924 Turbo to showcase the potential of Porsche?s new four-cylinder model in international competition. Designed to serve as the basis for a series of versatile customer cars, the 924 GTP underwent extensive development with the goal of debuting at the 24 Hours of Le Mans. Over the following months, four cars ? 924-001 through 924-004 ? were constructed utilizing a heavily modified version of the SOHC 2.0-litre engine, an aluminum roll cage, wind-tunnel-tested bodywork, 935- inspired suspension and chassis components sourced from the 917/10 and the 936. In this highly evolved form, the 924 GTP was twice as rigid as a 935 and capable of 175 mph flat out. Following exhaustive testing at Weissach and Paul Ricard, Porsche prepared three factory entries for Le Mans to run under the new GT Prototype category. In a clever attempt to raise awareness of the 924 racing project and recognize the efforts of successful privateers, Porsche assembled three factory-run teams: one from Great Britain, one from Germany and another from the US. This 924 GTP was Porsche?s official American entry and was to be driven by Al Holbert and Peter Gregg. Unfortunately, just before the race, Gregg was involved in a road accident in France so Derek Bell was quickly substituted in his place. After qualifying toward the back of the field, the three 924 GTPs slowly gained ground, mak- ing the best of the rain-soaked conditions. In a June 2001 interview with 911 & Porsche World magazine, Derek Bell recalled his experiences behind the wheel of 924-003: ?It was the best-handling car I had driven. It had a stiff chassis, and was brilliant in the wet. It wasn?t quick in terms of lap times, but it ran for longer, so we crept up the field... It was a fabulous car.? After running as high as 5th, 924-003 dropped a cylinder, slowing the car considerably. Nevertheless, Bell and Holbert continued to lap reliably and managed to finish 13th overall. Amazingly, all three 924 GTPs completed the gru- eling 24-hour race, with the German team posting the best result, an impressive 6th overall. In addition to the pleasing results, the race proved to be a particularly significant outing for Bell. Not only was it his first drive for the Porsche factory team, it was also his first partnership with Al Holbert. Over the next decade, Bell and Holbert dominated the IMSA GTP Championship, co-driving the legendary L÷wenbrńu 962s. After Le Mans, 924-003 was shipped to Holbert Racing in Pennsylvania where it was used as a template for a limited run of IMSA and Trans-Am cars. Holbert continued to race the ex-works 924 GTP during the 1981 season, campaigning it at the 24 Hours of Daytona and various IMSA events. At the end of the season, 924-003 was sold to Bruce Leven, who continued to race in Trans-Am events under the Bayside Disposal Racing livery. During the 1980s, 924-003 was campaigned throughout the US, finally settling in Portland, Oregon, where it was put to use as a local club racer. In 1989, David Morse discovered the historic factory Le Mans entry and acquired it ????for his growing collection of racing Porsches. Following a comprehensive restoration to its original Le Mans livery and specification, 924-003 was featured in Randy Leffingwell?s Porsche Legends and participated in the 1998 Monterey Historic races where Porsche was honored as the featured marque. Due to its prestigious status as a works Le Mans entrant and its important role in the development of the turbocharged Porsche, 924- 003 eventually attracted the interest of Matthew Drendel. After joining the Drendel Family Collection, it was displayed at the 2007 Amelia Island Concours where it won its class. Later that year, 924-003 returned to Laguna Seca to take part in the Monterey Historics. With the other remaining examples held by the Porsche Museum, 924-003 is the only ex-works Le Mans 924 GTP in private hands. Considering its impressive Le Mans result, subsequent US race record, exacting restoration and intimate connections to both Al Holbert and Derek Bell, this 924 GTP must be considered one of the most important front-engine Porsches in existence. For the collector who appreciates Porsche?s lasting legacy at Le Mans and tradition of innovation, 924-003 is deserving of serious consideration. Matthew C. Drendel Exposed to the exciting world of motorsports as a young man, Matthew Drendel nurtured his love of automobiles through racing, where he felt the closest connection with the cars. Through direct competition on the race track, Matthew Drendel developed his deep appreciation for Porsche automobiles. While his racing career began behind the wheel of a Ferrari, he soon recognized that he was regularly competing against ? and losing to ? Porsches. It did not take long for him to find his way with the German marque ? in 2001, while driving a 911 GT3-R for G&W Motorsports, Matthew became part of a championship-winning team and, from then on, his focus was directed towards the great competition-oriented Porsches. Although Matthew Drendel?s own racing successes were primarily associated with normally aspirated Porsches, the turbocharged models and their profound influence most interested him as a collector. The Drendel Family Collection began with a single 930 road car and eventually expanded to incorporate almost 25 years of Porsche?s motorsport heritage. Matthew?s boundless enthusiasm for Porsche led him to discover the firm?s golden age of turbocharged race cars and form relationships with some of the foremost experts in the field. A forward-thinking collector, he brought together an extraordinary stable of cars that spoke to Porsche?s innovation in a wide variety of racing series and represented the company?s finest achievements. With a sophisticated eye for the most significant and influential examples, he sought to acquire cars that carried a special pedigree ? factory team cars, prototype and development models, and the most successful customer cars. Having spent many years refining the collection, Matthew recognized rare qualities in these cars, particularly those with great originality both in concept and condition. Consisting of 17 automobiles produced between 1973 and 1997, the Drendel Family Collection is, without question, the finest assembly of turbocharged Porsches ever amassed by a private collector. Well-known for his world-class collection, Matthew Drendel was even more admired for his generosity of spirit and support of the Porsche community. He was always willing to open his collection to other enthusiasts and was a regular participant at Rennsport Reunion, the Amelia Island Concours d?Elegance and Porsche gatherings throughout the country. His commitment and passion for the marque was even recognized by the factory who sought his cars for official displays and promotions including the famed ?Family Tree? commercial ? a celebration Porsche?s illustrious history. Gooding & Company is honored to present the Drendel Family Collection at auction. For collectors who share Matthew Drendel?s vision and appreciation for these historic motorcars, we invite you to experience 25 years of automotive excellence. The Drendel Family Collection 1973 Porsche 917/30 Can-Am Spyder 1974 Porsche 911 Carrera RSR Turbo 2.14 1976 Porsche 934 1976 Porsche 935/76 1980 Parnelli-Porsche Indy Car 1980 Porsche 924 GTP 1981 Porsche 944 GTP 1984 Porsche 962 1985 Porsche 962 1986 Porsche 944 Turbo Cup 1987 McLaren MP4/3 Formula 1 1988 Porsche 944 Turbo S 1991 Porsche 944 S2 Cabriolet 1992 Porsche 968 Turbo RS 1994 Porsche 968 Turbo S Clone 1995 Porsche 911 GT2 1997 Porsche 911 GT1 Evolution

Reference Number 164070

as of 3/13/2012

Car 1980 Porsche 924 GTP
VIN 924-003 
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Known History

The Drendel Family Collection

Formerly the Property of Al Holbert and Bruce Leven