Now here’s a find, an extremely desirable 1969 Porsche 911S—the pinnacle of performance that year—available here on eBay in Lakeville, Connecticut with a $36,000 bid that it seems would buy the car if (big if) no one bids higher. That’s got to be exciting to collectors, because Classic.com places the value of these coupes at $118,291. The open-roof Targa model is at $160,375 these days!
Back in the day, I turned down a solid, running 911S exactly like this one, with only some rocker rust, for $3,000, and a fairly rusty (but running) ’69 911S Targa for, gulp, $1,500. But that was then, at least 30 years ago. Porsche prices zoomed so high there was concern about a bubble, though the market has moderated lately. A few years ago, it was crazy. This 911S, similar to the offered car, made $165,000 at Bonhams in 2015. But you can still make money on these cars.
This one looks good from…hmmm, 100 feet. Somebody sprayed silver metallic paint right over rust. The myopic will think it’s a solid car, but it needs a major restoration, including a new front pan, floors all around, and everything for the “mostly complete” interior. The seats are filthy but maybe could be salvaged. Some switches are missing. The undercarriage is quite rusty.
The ad says, “The fuel injection system is missing”, but the two-liter 1969 911S used Weber 40 IDA carburetors to produce 170 horsepower at 6,800 rpm. These carbs replaced the earlier Solex 40s. Replacement carburetors are available, albeit a bit pricey.
The good news is that the engine (6390124) and transmission (7191256) that came with the car are with the car now, and the title is clear. Judging by the dust on everything, the Porsche doesn’t appear to have run in a long time. Given the value placed on numbers matching drivetrains and what replacement engines cost, having the original engine in the car is a huge plus.
The appeal is that these cars are very fun to drive, and highly sought after. Most of them have been snapped up and restored to Concours condition already, so projects are highly coveted. Though no one should be under the illusion that the work will be done cheaply. “If you’re looking for a 69S project this might be just what you’re looking for,” the owner says.
The assumption seems to be that the restorer will replace everything, chassis, body, etc. “The full VIN number will go to the winning bidder,” we’re told.
My guess is that this car will be snapped up by someone who will give it a sympathetic restoration back to original. Especially if the bidding stays at or near where it is now, there will be room for that kind of spending without going seriously underwater. Others may differ!
The “69 S has a mechanical injection system, just as the 70 2.2 and as the E.
Nice score for someone’s collection. The attack of the “metal termites” on the pans are rather heartbreaking but it’s also a grim reminder of time and environment. Love to see this one restored to its former glory or a tastefully done outlaw with some attitude. I hope this little schnitzel powered racer is driven for many years to come
The 69S did have MFI – not carb. First 3 digits of VIN being 119 confirm it’s a 69
If this is such a great deal, why doesn’t the seller have it fixed up themselves? Looks like a big rusty money hole to me, most of these things were.
Write your first restoration check for $100,000. Then write a few more for $20,000 each as the restoration progresses over the next three years. 1969 S is the least desirable (though still a great 911). And yes, it had MFI. Wait until you see what a full proper MFI pump and parts costs!
Expensive and not a great investment if you ask me. The number of people who are able to be an end buyer for this is rapidly shrinking.
Has it been stored outside uncovered, or just
under water!? Numbers matching is always a
good thing; tho I’ve never been a fan of these.
What a mess! I would like to hear the story around this vehicle.
$40,101 now, also has a 1966 911 listed.
Highly desirable only if he gets his price. Not much left of the poor thing.
This car is a rust bucket, you can tell from the first picture. Pans, front end, and rear.I’m shocked it’s not dropped. I would hate to buy a mechanical fuel now.
I just bought this car and will put it back to original new interior will do a full body repair restoration and then we’ll have a car that is fun to drive is worth a lot of money and I know it’s straight because I fixed everything myself I’ve done a couple of these and just finished a dino I like these projects