dzaprev

Fender damage was in rough spot. I agree with you with what ever people pay is what its worth except Richard usually thinks he is going to sell it for more.

Bigfoot928

RR is a hack

linderpat

maybe, but I’m guessing more people know him than you. He has a following. He made a decent show out of acquiring a cool early 928, and he paid a respectable sum for it. That helps lift all boats, including yours. No matter what I personally think of RR, I think the segment posted here was pretty cool and good for us collectively.

Ghosteh

The actual value isn't what one random individual will pay for it. As you said, you would have paid less if you had been in Rawling's place that day. It's also not hard to imagine substituting someone else into the scenario who has no knowledge or appreciation for 928s, Porsches, or sports cars in general, who wouldn't even pay what you'd have offered. To get the real value, it has to be exposed to the largest number of true enthusiasts & collectors possible and auctioned off to the highest bidder, and the general price range has to be consistent with several similar examples recently sold. THAT's when you know a car brought what it was worth.

There's no doubt that cars originally spec'd with pasha are going to be more valuable than leather. It's unusual and eye catching, and lots of people like that. It's also very "period", as is the funky color of the exterior, which I see as another plus. Yes, there are a lot of better looking colors, but bamboo & a few others are most certainly "period" 1970s colors, and add to the whole vintage vibe. (I keep telling myself that, because while I don't hate the mocha color of my own car, I sure like some of the other colors that are more "timeless" in their appeal, such as minerva blue, continental orange and lindgrun green. But nothing is more 1970s than those brown/tan/orange fall colors.)

I think the day of the $100k '70s 928 is a LOT closer than 10 years from now! I sure wanted to see a few more of them hit that mark on BaT, but we've only seen the two examples there recently. I was kinda hoping the BJ car would get much closer to that number, but it wasn't nearly the quality and was sold in front of the wrong audience. I wouldn't be surprised if we saw another really nice early car surpass $100k this spring.

Petza914

Not really. What was the Risky Business car worth? It was worth $1.8M and it was a sample size of one. That cars value is exactly what that winning bidder was willing to pay for it. Are all 928 of that year with that mileage in that condition worth that amoun - nope, so it doesn't take a large collection of sales to determine a single car's value it takes one car, one seller, and one buyer.

Speedtoys

"He overpaid"

Ya..but he's got more media attention now too.

He wins, he has a rare as hens teeth car in a favourable corner of the 928 market..and he wins.

Ghosteh

The RB car can't ever be considered with other 928s. Same as OJ's Bronco, or anything Steve McQueen ever breathed on. Those things far exceeded the value of their peers, and normal rules don't apply to them.

You go purchase a "normal" collector car for 500% its current market value, insure it, and then it burns/explodes/gets stolen. Then tell me how you'll convince the insurance adjusters that the actual value was what you said because that's exactly what you paid for it.

Ghosteh

I completely agree on all points. And he may even make money on that car if he doesn't try a quick fix & flip.

Speedtoys

..contains a unique amount of indistinguishable provenance.

No 928 can use this car as a value reference, ever.

928 GT R

In the case of the RB car there were 2 buyers willing to pay $1.9 million for it and one buyer willing to pay $1.98 million (with the premium).

Every car sold is a comp. Some are outliers to the curve, but every car is part of the sample...

Ghosteh is correct when he says these cars will be over $100,000 before ten years. I mis-worded my comment.

About a year ago I suggested that a 928 would break the million dollar mark within 10 years and was laughed at. Yet here we are with the RB sale in the books at nearly $2 million dollars. 928's in general are on the rise and great 928's are all worth over 100k. My insurance carrier has the GTE insured for $150k and the XX8 car at $140k the GTS is $110. We consider them to be underinsured.

Every one of us needs to recognize that the Federal Reserve printed over $5 TRILLION dollars in the last three years. Dollars are simply worth less than they were before covid. This alone drives 928 prices higher. Add the rarity and increasing wealth of those that are "928 collectors" we have the critical elements for rapid appreciation in place.

Homes, land, and collectables have all seen substantial price increases. 928's? Yes! We are in a sweet spot in ownership as more collectors recognize what great cars 928's are.

928 GT R

Ed,

Excellent comment. Especially regarding the Barrett-Jackson OB. It was NOT a good car and I did not want to trash it, but there were many, many easily fixable things wrong with it. I would have taken a shot at it but for the paint and improperly patterned Pasha. The other 928's at B-J did fairly well with that 91 S4 drawing $41k and the high miles badly cracked dash 88 5-speed pulling mid $30's. I confirm that B-J is not a Porsche friendly crowd. It is a huge American muscle car circus!

RM Sothebys, Gooding and Bonhams are the preferred auction houses for Porsche sales and private transactions between knowledgable buyers and sellers are the best venue IMO.

Only 61,000 928's were built and perhaps half of them have survived. Tesla makes more cars in a quarter than the 17 year run of 928's...

Drooman said it well a couple of times when I ws considering a purchase... "With that car you can't pay too much. You can only buy too soon."

tv

Not the seller so much but monkeyboy, what a fidgety hyper nerd. Guy acts like he needs a fix every minute, has to drink miller ****-water all day, and has ZERO knowledge of these cars. I don't see how this loser attracts any viewers. I also wouldn't put too much faith in these scripted episodes. ........... If you want to watch guys with some knowledge watch Harry's Garage or Collins. If you just want exposure to the best cars around shmee, jww, and crew ..... the most entertaining Goonzquad

transam

I am the guy that sold the 928 to this guy RR bought it from. I was trying to help a family after the owner passed. I am a former 928 owner and knew it had some value. But the timing belt was cracked from dryrot, the interior is severely dryrotten, and the fuel lines were leaking. Tires were dangerous. I fixed the fuel leaker at the right rear tire. It's not worth 51k. But i can promise you he overpaid. I disclosed all the problems to the seller. Not sure if he fixed the issues or just flipped it. The seller talks like he is reading a script lol.