Porsche’s “Project Gold” 911 cleared an eye-watering 2,743,500 Euros, or about $4.1 million Canadian dollars, at auction this past weekend, a price more fitting of a piece of art than an automobile.

If you hadn’t heard, Porsche took a 993 body shell it had lying around and built it into a brand-new 20-year-old air-cooled turbocharged dream machine.

Finished in Golden Yellow Metallic paint, it was fittingly dubbed “Project Gold”, and then sent off to auction.

The 993 was the last generation of Porsche built with an air-cooled engine, ending an era for the brand that stretches back to its first cars. The twin-turbo flat-six found in Project Gold is a new build, and makes 450 horsepower from a 3.6-litre engine.

Project Gold was premiered at the Rennsport Reunion, and showcases the abilities of Porsche Classic, which built the car using over 6,500 genuine brand-new 993 parts.

Unfortunately, the sum of those parts is not street-legal, because despite being a 20-year-old body shell, it was still built in 2018 and had to have a new VIN tag, which means it would need to conform to new-car standards to be safe for the road. The lucky new owner will only be able to stare at it in their collection, or trailer it to track days.

Even if this car falls into a private collection and we never see it again, it’s comforting to know the proceeds of the sale went to the Ferry Porsche Foundation, which “supports projects relating to science, research and education, as well as training and development” for children, and $4.1 million should go a long way in helping those kids.

Source: Driving

October 29, 2018