Market value roundtable 928
02-10-2018, 01:36 PM
#46
Race Car
yeah, with each passing year it seems like springtime on Reenlist comes with higher numbers of aspirations or noobie Biff-n-Buffy posts.
06-22-2018, 11:31 AM
#47
Instructor
I'm interested in revisiting this conversation now that there's been a good run of comps in 2018.
What do people think about the current market for the 928 and future value?
Personally, I think the model hasn't broken out this year as much as I expected.
I'm seeing a trend toward 80s and early 90s cars being bought by 30-45 y.o. collectors that have racing pedigree in touring car and rally events. BMW e30, Peugeot 205 & 106, Renault 5 & Clio, Lancia integrale, etc.
I'm not sure that age bracket will want to buy front engine V8s at future scale whether German or American (unless they live in places with fair weather and big open roads). For example, I also expected 90's Merc SL500 to pop more than they have. Urban-dwellers are buying smaller classics again (Minis, Fiat 500), they want something thats antique but also easy to park in a city and has smaller capacity engine with a nod to sustainability.
There also seems to be a movement toward Italian sports cars that are not the obvious Ferrari/Lambo but more Alfa Sprint/GT/GTVs, Abarth/HF Fiat models, etc. That seems to be a new movement from 40-55 y.o. collectors who are getting more value from interesting restomod (like Alfaholic) or original Italian cars as apposed to the higher cost of entry and 'obvious' choice 60s/70s/80s 911 and P-Car restomod.
I'm not sure where that leaves the 928 market over the next few years. I think it will rise over the short-term still. But not as aggressively as I thought it would. And I also think its a shrinking market for long-term buyers, as they are aging out.
I still hear the Porsche 'glitterati' (Spike Feresten pod-cast, etc) using terms like 'underwhelming' and 'bottom-feeder' to describe the 928.
I think aside from a classic 911 which will sustain the inflation somewhat, the 'sleeper value' Porsche to have in the garage would be a 968 Clubsport. Or a 924 Carrera GT which have popped in price but can still increase a lot given it falls into the world of box-arch 80s racers like M3s and Evos.
I still love the pure aesthetics of the early 928, i'm just keen to see what others think of its future value potential outside of the current personal ownership angle of 'if you've got one the value is in driving / looking after it'.
What do people think about the current market for the 928 and future value?
Personally, I think the model hasn't broken out this year as much as I expected.
I'm seeing a trend toward 80s and early 90s cars being bought by 30-45 y.o. collectors that have racing pedigree in touring car and rally events. BMW e30, Peugeot 205 & 106, Renault 5 & Clio, Lancia integrale, etc.
I'm not sure that age bracket will want to buy front engine V8s at future scale whether German or American (unless they live in places with fair weather and big open roads). For example, I also expected 90's Merc SL500 to pop more than they have. Urban-dwellers are buying smaller classics again (Minis, Fiat 500), they want something thats antique but also easy to park in a city and has smaller capacity engine with a nod to sustainability.
There also seems to be a movement toward Italian sports cars that are not the obvious Ferrari/Lambo but more Alfa Sprint/GT/GTVs, Abarth/HF Fiat models, etc. That seems to be a new movement from 40-55 y.o. collectors who are getting more value from interesting restomod (like Alfaholic) or original Italian cars as apposed to the higher cost of entry and 'obvious' choice 60s/70s/80s 911 and P-Car restomod.
I'm not sure where that leaves the 928 market over the next few years. I think it will rise over the short-term still. But not as aggressively as I thought it would. And I also think its a shrinking market for long-term buyers, as they are aging out.
I still hear the Porsche 'glitterati' (Spike Feresten pod-cast, etc) using terms like 'underwhelming' and 'bottom-feeder' to describe the 928.
I think aside from a classic 911 which will sustain the inflation somewhat, the 'sleeper value' Porsche to have in the garage would be a 968 Clubsport. Or a 924 Carrera GT which have popped in price but can still increase a lot given it falls into the world of box-arch 80s racers like M3s and Evos.
I still love the pure aesthetics of the early 928, i'm just keen to see what others think of its future value potential outside of the current personal ownership angle of 'if you've got one the value is in driving / looking after it'.
Last edited by newcollector; 06-22-2018 at 11:33 AM. Reason: typo