It was sold within ten minutes!

Porsche turned 70 this year, and the automaker decided to celebrate it by auctioning off the Porsche 911 Turbo Classic Series - a collection of 51 vehicles - at RM Sotheby’s "The Porsche 70th Anniversary Auction 2018” event. The highlight of the auction was a 993 that was finished in flashy Golden Yellow Metallic paint. After nearly 40 bids, it’s destined to go to a new home with a price tag of €2.7 million or about $3.1 million at current exchange rates.

The Porsche Classic Project Gold Sold Fast

Porsche Classic's "Project Gold" Brought in $3 Million at Auction - All For a Good Cause
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The auction was a held at the Porsche Experience Centre Atlanta. The ‘Project Gold’ generated 37 bids in just ten minutes. The Project Gold is no ordinary car; it takes cues from the 2018 911 Turbo S Exclusive Series and serves as an alternative to Singer and other companies into restoration jobs. It was showcased in September at the Porsche Rennsport Reunion in Laguna Seca. All proceeds from this car will go to not-for-profit Ferry Porsche Foundation.

How Special Is The Porsche Classic Project Gold?

Porsche Classic's "Project Gold" Brought in $3 Million at Auction - All For a Good Cause
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This car took around 18 months to complete and even has the familiar side air intakes of the 993-gen Turbo S.

Under the hood is a brand new twin-turbo, flat-six engine with 450 horses on tap that is mated to a six-speed manual transmission. The wheels of the car are highlighted by Golden Yellow accents, while the interior is finished in black with Golden Yellow details. To make the owner feel special, the Project Gold’s hand-stamped chassis number follows that of the last 993 Turbo, which hit the assembly line 20 years ago.

Conclusion

Porsche Classic's "Project Gold" Brought in $3 Million at Auction - All For a Good Cause
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Don’t expect this car to hit the streets; it’s not road-legal. It can only be driven on the track. And, as per the new WLTP rules, the Project Gold does not even comply with the rules in place for Europe. If you had the equivalent moolah, would you spend it on this car? Let us know your thoughts in the comments section below.

Further reading

Porsche Classic's "Project Gold" Brought in $3 Million at Auction - All For a Good Cause
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Porsche Gold Is Porsche Restoration Done The OG Way

1997 Porsche 911 Turbo (993)
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Porsche 911 Turbo (993)

Read our full review on the 1997 Porsche 911 Turbo (993).

2018 Porsche 911 Turbo S Exclusive Series High Resolution Exterior
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Read our full review on the 2018 Porsche 911 Turbo S Exclusive Series.

2017 Porsche 911 High Resolution Exterior Wallpaper quality
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Porsche 911

Read our full review on the current 2017 Porsche 911.

After a total of 37 bids and ten minutes, the main prize for Porsche collectors was ready to go: This Saturday saw the “911 Turbo Classic Series” auctioned off at the Porsche Experience Centre Atlanta (USA) as part of the “RM Sotheby’s – The Porsche 70th Anniversary Auction 2018” event.

This car – based on an original 993 body shell – was sold for a total price of EUR 2.743.500. The one-off piece created by Porsche Classic is already considered a highly sought-after collectors’ item. The net proceeds of EUR 2.589.027 will go directly to the not-for-profit Ferry Porsche Foundation, which was set up this year to mark the brand’s anniversary, “70 years of Porsche sports cars”. Porsche Classic has also created two “Project Gold”-inspired genuine parts as a special treat for all 993 owners. Porsche customers can opt to upgrade their vehicles with a new aluminium tank cap (available for all 911 models from the years 1980 to 1998) and a black tail pipe.

A total of 51 vehicles went under the hammer during the auction. The Estimate for the unique 911 Turbo Classic Series was EUR 154.473 equivalent to the retail price for a 911 Turbo S from 1998. The story behind the “Project Gold” model is as unusual as the design itself: Painted in Golden Yellow Metallic, it references the 2018 911 Turbo S Exclusive Series. The black wheels are highlighted by Golden Yellow design accents, while the seats and interior trim are finished in black with Golden Yellow details. The bodyshell features the characteristic side air intakes of the 993 type 911 Turbo S. The 331 kW (450 hp) Classic Series celebrated its world premiere at the Porsche Rennsport Reunion in Laguna Seca (USA) on September 27, 2018.

Painted in Golden Yellow Metallic, it references the 2018 911 Turbo S Exclusive Series

The net proceeds of EUR 2.589.027 will go directly to the not-for-profit Ferry Porsche Foundation. The foundation – named after the brand’s founder, Ferry Porsche – focuses primarily on the homes of its Stuttgart and Leipzig factories. It also supports projects at the brand’s international sites. The foundation supports 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.

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