Porsche speed­boat auc­tioned

Rare craft goes for £70k

Motorboat & Yachting - - News -

A Porsche Ki­neo speed­boat has been auc­tioned in the Nether­lands. One of only three pro­to­types built and be­lieved to be the only one in un­mod­i­fied form left in ex­is­tence, the 28ft boat has been the sub­ject of a two-year pro­fes­sional restora­tion to re­turn it to its orig­i­nal con­di­tion.

Con­ceived by Porsche De­sign in the late ’80s as an ‘ex­clu­sive rac­ing boat’, a stag­ger­ing $4 mil­lion was spent on de­vel­op­ment. It was built by the Ger­man in­dus­trial group Thyssenkrupp in 1990 to in­cred­i­bly high stan­dards. Marinised and tur­bocharged Porsche 928 S4 5-litre V8 en­gines were in­tended for the project but af­ter the en­gines proved un­suit­able, twin Mer­cruiser Mag­num 454 7.4-litre petrol en­gines were in­stalled in­stead, said to give the boat a top speed of al­most 70 knots.

Ul­ti­mately the price tag of three quar­ters of a mil­lion Deutschmarks (equiv­a­lent to over $1 mil­lion to­day) scup­pered the project, with not a sin­gle or­der be­ing taken when the boat was launched at Boot Düs­sel­dorf in 1993. History re­peated it­self at the auc­tion, as de­spite an auc­tion­eer’s es­ti­mate of £133,650-£175,280, the boat sold for just over £70,000.

The boat that went un­der the ham­mer was one of the only three Ki­neos ever made

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