The Porsche 911 R Selling For Over $1 Million? It's Really Happening

Sales

Don't blame Porsche for building awesome future collectibles.

Back in April we found what was probably a fake eBay ad for a new Porsche 911 R. The asking price? $1,250,000. We figured it was a scam because, hey, that’s what happens on the internet. Porsche gave the 2017 911 R an MSRP of $184,900. Only 991 examples are planned, and every serious Porsche collector wants one. So much so that some specialist dealers are now reporting that 911 Rs are, in fact, selling for more than a million bucks.

Motoring Research spoke to the head of UK supercar finance company Magnitude Finance who confirmed that "several Porsche specialist dealers...confirmed the cars are commanding close to £1 million." That’s about $1.32 million. $1.25 million doesn’t look so bad anymore. The finance company chief added that they "believe this is a record level of appreciation for a new car based on a percentage of its original value." Do the math and you’ll see the 911 R is selling for seven times its original list price. In fact, the 911 R’s appreciation, in the UK at least, "even beats that for the LaFerrari." But the 911 R isn’t the only Porsche in high demand.

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Magnitude Force claims it had one customer who "recently bought a 911 GT3 RS with options for £160,000 and when he drove out of the showroom the car jumped in value by £100,000."

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