Car enthusiasts from across the nation rolled into Tullochs Auctions to battle it out for a rare 1958 Porsche 356A on Wednesday.
Tullochs Auctions director Scott Millen said there was about 12 bidders present and several absentee bids.
An unknown phone bidder secured the vehicle at $79,000, including the buyer's premium the total cost was $90,850.
Purchased in Tasmania in 1979, the previous owner said he paid $1250 for the car because it was not running.
The man, who wished to remain anonymous, got the Porsche back on the road and drove it across Australia with his wife.
Car enthusiast David Shuttle made the journey from Mollymook, New South Wales with his father but was outbid by $5000.
“If we got our hands on it we would’ve just left it the way it is, everything underneath would be brand new but on top it would look pretty much [the same],” Mr Shuttle said.
“This is a dream car.”
The vehicle was believed to be one-of-three of its kind in Tasmania.