Earlier this year, Porsche got its fans all excited by launching Project Gold, a “new” 993-era 911 Turbo that had been built from scratch over the prior year and a half. In other words, another 993 built two decades after that generation of the sports car officially ended production. Now we know just how much Porschephiles loved the car, as Project Gold sold over the weekend at an RM Sotheby’s auction for an impressive $3.415 million. Porsche said in a press release issued Sunday that the car sold in just 10 minutes after a total of 31 bids. However, Porsche isn’t keeping all that money for itself. The automaker said that any proceeds on top of the “hypothetical original retail value and actual auction expenses” for Project Gold will be donated to Ferry Porsche Foundation, a German charity. That figure is 2.6 million euros, equivalent to about $2.96 million. Part of the value, of course, comes from the fact that Project Gold is a literal one-of-one project, with Porsche giving it the series number “001/001.” But the rest of the appeal comes from the fact that the continuation 993 is a seriously lustworthy vehicle for any car enthusiast. Intended to show off the prowess of Porsche Classic and Porsche Exclusive Manufaktr in restoring and rebuilding classic models, Project Gold was built from the ground up in Germany. Porsche took a classic 993 Turbo body shell, fitting in a new interior with a huge amount of gold and carbon-fiber trim. Porsche… [Read full story]
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