Porsche Classic's 'Project Gold' Sold for EUR2.7 Million at Auction
Remember the 'Project Gold,' the one-off created by Porsche's in-house restoration experts at Porsche Classic of a 993-bodied Porsche 911 Turbo S complete with the period-specific air-cooled engine, 20 years after the last production-series air-cooled model rolled out of the assembly line? The same car that's not street-legal and can only be driven on private tracks? Well, it has sold for EUR2,743,500 (over PHP166 million) at the "RM Sotheby's--The Porsche 70th Anniversary Auction 2018" held at the Porsche Experience Centre Atlanta recently. Already considered a collector's item after it was unveiled over two months ago, the auction only served to reinforce the car's provenance as it went through 37 bids in 10 minutes before it was successfully auctioned off. As for the car's estimated price prior to the auction? Porsche pegged it at EUR154,437 (0ver PHP9 million)--the retail price of a 911 Turbo S from 1998, the same model which the 'Project Gold' is based on. According to Porsche, the EUR2,589,027 net proceeds (over PHP157 million) of the winning bid will go directly to the non-profit Ferry Porsche Foundation. Named after the brand's founder, Ferry Porsche, the foundation focuses primarily on the homes of its Stuttgart and Leipzig factories. It also supports projects at the brand's international sites as well as work in the fields of education, research, sport, culture and social affairs. In the future, the foundation is also planning to focus more on its own range of projects. For those looking for 'Project Gold'-inspired parts for their classic 911 from model years 1980 to 1998, Porsche Classic is offering a new aluminum tank cap and a black tail pipe that are similar to the ones used in the one-off classic.