Stored for 40 years, '$150,000' classic Porsche is a rolling piece of history

This bright red automotive beauty from the mid-1960s is set to turn heads at Pebble Beach, US

Kept in single ownership for four decades, this classic 1965 Porsche 911 is set to be one of the highlights at Gooding & Company's August 20-21 Pebble Beach Auction.

Pebble Beach, US, is one of the prime locations to go if you want to see the world's finest automobiles, and this 911 - chassis no. 302461 - certainly won't be out of place.

After 40 years in dry, static storage, the car is billed as an "exceptionally original example" whose sheltered life means it has just 49,000 miles on the clock.

Any questions as to the classic auto's history can be answered by its extensive matching-numbers documentation. (Bear in mind that the car is titled as 1966.)

Under its bonnet is a 1,991 CC Horizontally Opposed 6-Cylinder Engine with two Twin Solex Carburetors, capable of producing 130 BHP at 6,100 RPM.

This classic 1965 Porsche 911 is eligible for Preservation Class events

The lucky winning bidder who bags this motor at the Pebble Beach sale will likely be weighing up the car's competition potential.

And they certainly won't be disappointed: the 911 has been thoroughly serviced and is ready to show or drive, and is also eligible for Preservation Class events.

Not surprisingly, this perfectly preserved piece of automotive history has a six-figure estimate to match its quality: $125,000-150,000 without reserve.

Original mid-'60s Porsches attract plenty of attention from collectors at auction. Most recently at RM Auctions' 2011 Amelia Island sale, where a 1964 911 sold for $225,500.

With that sale in mind, perhaps this 'time capsule stored' classic will sell for well above its $150,000 high estimate?

Watch this space to find out.