Porsche Project Gold makes £2.5m
Porsche's restomod 993 makes the big bucks, all of which are heading to the Ferry Porsche Foundation
A one-off 993 Turbo overhauled by Porsche itself was never going to be a cheap car to purchase: take into account the air cooled 911 fascination, its unique status and the manufacturer involvement, and it's clear this wasn't going to be a 'mere' six-figure Porsche. Still, even with that knowledge, that the hammer fell on Project Gold at €2,589,027 (€2,743,500 with fees included, which makes for a £2.4m total) still looks like a remarkable result. Makes that £1.8m GT2 from a couple of years back look a bargain...
The car was sold at RM's Porsche 70th Anniversary auction at Atlanta over the weekend, with 37 bids in 10 minutes leading up to that extraordinary total. Additional results haven't yet been issued, though they'd be well worth keeping an eye on: lots included the 959 Paris Dakar, plus 2.8 and 3.0-litre 911 RSRs. Yum.
As mentioned, the proceeds from the sale are going to the Ferry Porsche Foundation. A not-for-profit organisation, the Porsche foundation "supports work in the fields of education, research, sport, culture and social affairs."
Should the reality of a £2.5m 993 fill you with dread - even given its status and specification - then there might be some solace to find in the PH classifieds. It is possible, for example, to still purchase a manual, rear-wheel drive 993 for less than £40,000 - see here. Finally, it's worth remembering that Project Gold isn't road legal, so there's no chance of it turning up in supercar spotter's gallery anytime soon. Make the most of it while you can!
[911 2.8 RSR pic: Stephan Bauer for RM Auctions]
Pointless, utterly pointless (other than £2.5 million going to charity)
Not a turbo, not a Carrera GT/GTS, just a standard (painfully slow) 924; regardless of mileage and condition, no one in their right mind could think that is an investment (i.e. it will go up in price) - sentimental value to the new owner perhaps is my only guess.
I'm a big Porsche fan, but the current prices in the market frankly sadden me (basically sour as I can't afford those prices and wish the days of the GBP 15k 928 GTS and 964 and GBP 25k 993 would come back, soon).
Plus, am I the only one who thinks the subject 993 Gold thingy looks horrendous? Not doubting Porsche worked its magic on it, but the black 993 Turbo S which was sold in that auction looks delicious (although, again, silly price).
Same as with the DB4GT Recreations that are not road legal, I can't see the point in it.
You'd be so much better off going to Gunther Werks and buy a 400 R from them
I understand it may not be to everyones taste, but they can do whatever you want them to do.
For way less than half of what Porsche wants for the Project Gold and it is road legal!
Even their upcoming all carbon Sports Tourer won't be £2.5m!
I know where my money would go!!
Same as with the DB4GT Recreations that are not road legal, I can't see the point in it.
You'd be so much better off going to Gunther Werks and buy a 400 R from them
I understand it may not be to everyones taste, but they can do whatever you want them to do.
For way less than half of what Porsche wants for the Project Gold and it is road legal!
Even their upcoming all carbon Sports Tourer won't be £2.5m!
I know where my money would go!!
That Gunther looks pretty epic by the way.
Sat in some collectors garage, never to see the light of day again. But I suppose same collector will have lots of cars that never get driven either.
Personally, for that kind of money, I'd be giving Singer a ring and ordering one of theirs instead. (though he's probably already got one)
That said they gave it 1998 VIN?!
Not sure a US buyer can claim the purchase as a charitable donation. They have received something quite tangible for their money and unless the Ferry Porsche Foundation is registered in the US and recognised as a charity by the IRS there's another problem to overcome.
Owning this is just a bit of willy waving and most probably tax deductible.
I worked a few years back with someone who worked with Larry Ellison of Oracle fame. When McLaren were selling the F1 he had them deliver one to his hotel on Park Lane. They backed it out of the low loader he drove it for a couple of minutes and then told one of his retinue to complete the purchase
That Gunther looks pretty epic by the way.
Even tough it is in the sub title, I didn't realize it was for charity. I must come across as a right dick...
Yes, I'm sorry, I was indeed missing the point completely....
Even tough it is in the sub title, I didn't realize it was for charity. I must come across as a right dick...
Yes, I'm sorry, I was indeed missing the point completely....
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