A Second-Hand Porsche 911 R Sold for $1.3 Million in U.K.
Lucky owners get instant return on investment
There were never any doubts that the purist-oriented 2016 Porsche 911 R is destined for collectible car greatness. With production limited to just 991 copies, the 911 R has collectability built in. But no matter how good or rare the car is, we never would have guessed prices would jump this much this soon. Autocar is reporting at least one collector in the U.K. has paid 1 million pounds (roughly $1.3 million) for a second-hand 911 R.
That represents a seven-fold markup from the MSRP, which in the U.K. is £136,901. In the U.S., the 911 R starts at $185,950. Autocar cites Magnitude Finance, a finance company for high-end cars, for the pricing data. A spokesman from the company told Autocar that he believes the demand is due to the car's enthusiast appeal and limited production. The 911 R gets many of the performance upgrades of the GT3 RS but benefits from a six-speed manual transmission.
Though Magnitude Finance believes the 911 R is a solid investment, the spokesman suggested the £1 million example may have been an anomaly. The firm expects second-hand prices to be merely quadruple the MSRP, which means the 911 R's appreciation rate is still astronomically high.
Read our review of the Porsche 911 R to see what all the fuss is about.