This is one of those things were it’s not really telling you something new; we all know air-cooled Porsche prices have been absolutely clamshit over the past few years. This is known. And yet, somehow, despite being so well aware of all of the madness, I can still feel shock when I see it happen, right here, in the same current reality that brought us Ye being super into a former German former landscape artist and later politician named Adolf Hitler and the majesty of Milf Manor. Reality is weird right now, for so so many reasons. And yet, when I see an incredibly rusty canoe-shaped object made of Porsche 911 parts and a lot of boxes of other, even more disassembled parts selling for $8,600 on Bring A Trailer, I can’t help but still feel surprised. Like deliberately stepping on a rake and being shocked when your face gets smacked by a cruel wooden handle.
Let’s just take a look at this 1969 Porsche 911T Targa Project, and keep in mind just how much work that word “project” is doing. Because it’s doing so much work I think it might unionize. Here’s a few quotes from the description:
The exterior left the factory finished in Tangerine (6809), and areas of fading, rust, and panel repairs can be seen along the body. The car retains its doors and quarter panel windows, and the front fenders, rear bumper, and engine hood are missing.
Multiple interior components are missing, including the floor panels. Rust-through is present throughout.
Rust and multiple areas of rust-through can be seen on the underside. The front trunk floor panel is missing.
The seller notes the alternator housing, distributor, flywheel, and front braking components are missing.
I also like that the title situation is noted as
The North Carolina title is noted as “Inoperable Vehicle.”
…yeah, no shit. At this point even calling this collection of metal a “vehicle” is being generous.
Now, that all said, it’s not like I don’t think someone couldn’t get this thing back together and on the road and absolutely lovely. It’s possible, but you’d effectively be rebuilding an entire car. If you could do it, sure, it’d be worth a lot, like this 1969 Porsche 911T Targa that sold for $93,000 on Bring a Trailer a few years back. Sure, that would be about a tenfold return on the money, which is great. But, in this case, I’m not even sure a return like that would let you break even, especially when considering all the time and work involved. It’s dizzying to even think about. It almost feels like you’re just buying a VIN and agreeing to haul out a lot of scrap metal for someone.
Of course, the many, many comments on the listing have been predictably entertaining. From the not-sure-if-they’re kidding:
…to the Nostradamus-like prognosticators:
…to the just funny:
Because of course people are going to be fascinated by this and want to say funny things and be a part of the madness because it’s absolutely intoxicating, the madness. It draws you in. Nothing about this basket case suggests to any rational human that yes, this is worth pouring in a colossal amount of time and money to essentially re-build, from perhaps worse than scratch, an entire 1969 Porsche 911T. But there is no rationality here. Any hint of rationality was driven away by that Porsche badge on the hood, or at least it would be if the badge existed on this car, which it does not seem to.
Yeah, just a rusty patch where it would be.
$8,600. That’s a lot of money. You’re paying almost nine grand as a down payment on so, so much more of your money going away. There’s so little of the car there, and what little there is seems to be eaten away by rust. Again, I can imagine this being a labor of love for someone, and the end result being incredible, and someone absolutely enjoying the process, but $8,600?
It’s also a good reminder that you don’t have to buy a Porsche 911 to enjoy some fun classic, sporty, rear-engined motoring. There’s so many other charming and interesting options out there, and while, sure, most don’t have the performance chops of a 911, who really gives a shit if they’re fun to drive? I mean, what is someone planning on doing with this thing when they finish it, winning races? Is that the goal? Because there’s so many better ways to get there.
I’m just saying that you don’t have to play into the madness. Just, for a moment, consider these other fun options before dropping nine grand on 1200 pounds of rust and despair.
Consider another fun rear-engined sporty car, like a Fiat 850 Sport!
Look at that thing! It’s charming as all hell! It’s fun to whip around, and you’ll have less of a risk of getting your license revoked! It’ll oversteer like a 911, and it’s more unusual and, you know what, more interesting! That very nice, near-perfect one sold for $21,000. Less than three times the price of the vaguely 911-shaped tetanus-delivery system up there, and you can jump right in and drive.
Not enough power? Your lust for speed is too demanding? Okay, fine. What about a Renault Alpine?
It’s always called France’s 911, right? It’s a genuine rear-engined sports car, and the V6 turbo ones are quick! It looks cool, it’s unexpected, it’s a real car in every way, and it’s made of metal and paint instead of the vague memories of metal and paint like that 911T. Barely over twice as much, for like 10x the amount of car you get. Why be miserable?
Okay, one more idea. Say you absolutely have to drive something Porsche had a hand in. Fine. Why not a Volkswagen Karmann-Ghia? It’s lovely, it’s German, it has an air-cooled opposed engine in its butt, and if you want to go fast, there’s a snacktillion different ways to get an old air-cooled VW to be quick, from building a big VW engine with a turbo to plopping in a Subaru or, hell, even a 911 flat-six back there. You could do so so much for less money than it would take to even get that 911T fully covered in body panels and not able to be stopped by a citizen of Bedrock. This Ghia needs a little bit of detail work but it’s only $7,500!
Damn, I’m looking at these Ghia pics. It’s pretty damn nice!
I’m all for project cars, and labors of love, but this, this is just ridiculous.
Here’s A Look At The Engineering Behind That Subaru WRX EJ25-Powered Porsche 911 GT3
I test drove a 1969 911T targa fresh out of college in 1991. It was listed for ~$10,000. Even in my naiveté I knew I could find a better car for me. 90hp isn’t a lot, and the targa top was folded into a little rectangle that looked like it hadn’t been expanded in several years. I still don’t regret passing on it, even though it looked great. Silver looks good on a 911 long hood.
The moral of my story is that this person could also have made better use of their money.
Anything on Bring a Trailer is hilarious. Used to be a decent site but now it’s just stupid.
Give it to Singer for a year and see what you get back.
In today’s market, the Chassis Tag is worth more than that $8,600.00.
You know, I keep hearing that air-cooled Porsches are unattainable, but the head mechanic at the VW shop I go has an ’88 911 S Targa, in caramel, that he’s asking $50k for. He claims he’s done fixing it up, and that it’s good to go. Still out of my price range for now, but unattainable?
Corvair Monza Turbo Manual… $9200 as of now with 21 hours left. Here’s a rear-engined air-cooled flat six cylinder, WITH TURBO, in great shape that would be faster than that Porsche if it were rebuilt, for the same price as the rusty shell. I know where my money would go (although I do love that Alpine too)
https://bringatrailer.com/listing/1965-chevrolet-corvair-monza-turbo-spyder-4/
This is so dumb. I paid $3500 for my rust free 77 911 in 2013. These cars are not worth the price they are going for.
930’s and 964 Turbos danced in my head from the time I was 14 or so. When I finally had the means, it was just before prices began moving heavenward. I looked at and drove all the ones for sale locally for almost a year.
And made a financially questionable choice. A 997 4S seemed more comfortable, more modern, more practical, more reliable, and safer. I convince myself that I’d have wrapped an air cooled turbo around a tree by now…some of those test drives were butt-puckering. So the appreciation wouldn’t have happened for me. Yeah. Sad face.
But, as we see, if you could have pried the VIN plate free from the tree you would STILL have made big cash. Not to bring you down, sorry.
Will admit, I spent more time than I should have imagining dragging this bag of bones home, lopping off the targa hoop, and building it as a ‘69 911 “speedster” that never existed. No top, just a nicely-integrated tonneau to “hide the crimes” as Adam Savage might put it. (May take more than a nicely-integrated tonneau to hide all the crimes on this one however…) You might say I’m a dreamer, but surely I can’t be the only one?
As for that Karmann Ghia? 7500 is just the current bid with two days left to go. It wouldn’t be surprising if the winning bid is a good five figures…
Not surprisingly, the winning bid was indeed five figures, a good 13 thousand dollars…
Ha, I see your rusty 911T and raise this 1949 Talbot Lago T26 Grand Sport SWB par Saoutchik from the Roger Baillon auction in 2015 but finish drinking your coffee or other beverage of choice before looking at the winning bid:
https://www.artcurial.com/en/lot-talbot-lago-t26-grand-sport-swb-par-saoutchik-1949-2651-46
Is there an Easter Porsche Safari this can be duct taped together and driven to this year?
Cut what is left of the floors out and mount it on running/sriving beetle pan. Describe it as patina or rat rod and resell it on BAT for $100k. Not even sure if I am joking anymore.
This was purchased for the VIN and title. End of story.
At that price I would rather spend the 9K on a milf. Just not the ones listed though.
“it’s not like I don’t think someone couldn’t get this thing back together and on the road”
If it went over 20mph it would probably sound like a harmonica.
Speaking of Porsches going for stupid prices. Dad has his college car still. I’m quietly dreading working on it just because of the price tag associated with everything.
I can’t remember if it is a ’70 or ’71, but its one of these, in roughly the same condition. And yes, it is an actual “-6” not a conversion.
https://bringatrailer.com/listing/1970-porsche-914-6-22/
I had a 914-6 with a Chalon kit on it- this was a converted one and it overheated like a demon due to missing most of the correct tin, traded it for a Lancia
Money quote:
“The bodywork is finished in several shades of primer…”
Is this now a Theseus Porsche when fully rebuilt? Because there isn’t much of the original left. At some point you are putting so much new metal back into this that it will be a new car by the time it is done.
Call it a ute, holy grail, EV conversion project or whatever and see if David bites
Would a 911 ute have the bed up front?
Yes! The bungee cords are included as structural members, they are the only salvageable parts however!
Porsche. There are several substitutes.
Probably a better investment than today’s Aston Martin.
57 chevys did the same thing a decade ago, they are a little better now but still ridiculous. Vintage jap cars a going this way now. 1st gen rx7s are getting ludicrous.
Actually saw a ’56 two door on sale on FBM for $2500. Body was… respectable for that price.
They’re buying the VIN plate, essentially.
Exactly. Buy the wreck, steal a pristine ‘69, swap the VINs, burn the shell, and go register your $8600 “rebuilt” 911 … is what I imagine some unscrupulous character might do.
Use the title and graft the roof onto a 912 ? I can’t see too much usable on this and worked on some 356 in this shape- but they are a lot simpler
The Hoonipigasus is technically a 912. Maybe it looked something like this before being transformed?
Finally, the buyer will have a planter box worthy of all those overpriced tulip bulbs they bought.
Or a place to store Beanie Babies