Putting a Price ($152,007) on Memories

This 911 wasn’t one of the good ones. It was purchased, along with a 1966 912 donor car—and a speedboat—for $1,000

by Jim Schrager

Sometimes precious things have rather inauspicious beginnings. As you admire Porsches at various events, never forget that they can represent much more than just someone “writing the check.” There are often stories of great intrigue or astounding luck involved with special cars. At times, lots of hard and often miserable work is also a part of the cars we all admire.

One of the more emotional early 911 models is the 1967 911S. Because it is the first 911S, for many it remains a top target for the “Someday, I gotta have one of those” promises we often quietly make to ourselves.

But they didn’t all start out as never-rusted California cars. When you see McKeel Hagerty’s pretty Polo Red ’67 911S Coupe at various events, realize there is much more to this car than meets the eye. Not only did it start out as a non-running rust bucket, but it was restored...