• Gunther Werks built 25 Speedsters using classic 993 bones.
  • Power comes from a 4.0L air cooled flat six making 430 hp.
  • Gin Tree Green car originally sold for $1.15M in November.

The restomod Porsche 911 scene has no shortage of jaw-dropping builds, but few are as exclusive or as costly as what Gunther Werks turns out. Just take a look at this immaculate 911 Speedster, which recently traded hands for a hefty $965,000. Sounds impressive, until you realize the seller took nearly a $200,000 hit in under three months.

Read: Gunther Werks Just Built The Most Insane Air Cooled Porsche Ever Seen

Gunther Werks built just 25 examples of its 911 Speedster, and this one left its workshop in October 2022. The original purchase price remains undisclosed, but just a year later, it changed hands for $1.15 million when it was bought by HK Motorcars, a dealership based in New York.

An Expensive Flip Gone Sideways

Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000

Bring a Trailer

The dealer, likely viewing this ultra-rare Gunther Werks creation as a solid investment, quickly listed it on Bring a Trailer. After a brief flurry of activity, bidding peaked at $905,000, falling short of the seller’s reserve

Not long after, the car was confirmed sold via private offer for $965,000, marking a $185,000 drop from what the seller had paid only a few months earlier.

So, did the New York dealer overpay late last year, or did the new buyer walk away with a steal? Tough to say, at least until it’s back on the market. Either way, there’s no denying it looks incredible, which probably helps take the edge off a six-figure loss.

Engineered and Designed for Drama

Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000

Bring a Trailer

As with all Gunther Werks Speedsters, the build starts by stripping the donor car to its original steel chassis. From there, it receives a full suite of carbon fiber body panels, fitted with obsessive attention to detail.

This one wears a custom Gin Tree Green metallic finish, complemented by matte green side stripes and yellow Porsche branding.

Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000
Even Rare Porsches Can Burn You, Just Ask The Seller Who Lost Nearly $200,000

Bring a Trailer

Beneath the skin lies a 4.0-liter air-cooled flat-six, built with Mahle pistons, forged connecting rods, and a billet crankshaft. It puts out 430 horsepower and 330 lb-ft of torque, channeled through a six-speed manual to the rear wheels.

Suspension is handled by adaptive coilovers, and braking is upgraded with six-piston Brembos up front and four-piston calipers in the rear. Inside, the cabin has been reworked with the same thoroughness as the exterior.