Landseer

Surgical buy and barter, using very heavy upfront knowledge and close networking to avoid the deep retail labor, results in a different balance sheet.

928man

Landseer: Yes, I paid retail at $88 per hour for the work, but had it done by Dave Lloyd when he was at Musante Motorsports & he knows his stuff! But yes, nice if you can do the work yourself & barter etc, but that is the last & only car I will ever spend that much money on! The other cars I've had never went over the 10K mark with maintenance included in the purchase price.Bill

Landseer

I've got one like that too, Bill, no question. Am in 12+ and its worth 1300 or so.

But this one fits another equation I'm pretty sure, especially reading the level at which this brother rennlister participates in the hobby across multiple porsche model platforms. The 50 claim is possible. So is 15. Depends on the level of connection / networking on his repair side. I watched every post as it happened when rob budd swooped in to perform the interior refresh, complete with the use of the 911 as a workbench in the garage unit.

All the best to the seller and buyer. Looks complete and nice.

928man

Oh so you know this car well! Yes, I guess we all have one car we learn a hard lesson on, Chris, I'm a bit more careful now, yes it is a real nice car on ebay. Agreed, good luck to the seller! Bill

Podguy

There is a huge difference from doing the work yourself and relying on a shop for the work. I know labor rates vary over the country. To have a scratch removed from the bed of my toyota truck is $1800 here in SF. I do not know what kind of paint job you can get for $3500. The amount of disassembly and the time to reassemble a 928 at shop rates would eat into that amount pretty quick. Paint supplies alone these days are several hundred dollars maybe even $1000 dending on color. Many shops will no longer do completes due to the time involved. A good paint job alone with proper color sanding is between $9-10K

And engine bay refresh with a T-Belt in parts alone is close to $2000 in parts. That does not include cleaning and paint. Add in shop labor and it will get very expensive. There are very few 928s with any milage that do not have oil leaks and need a complete refresh even if the bearings and compression are good. A full gasket kit is $500 and a clutch over $1000.

Then there is the interior. I do not know what Rob charges but I am guessing looking at the extensive quality work the interior took up $10K. Maybe Rob can correct me on this.

So it is very easy to believe with the purchase price that the owner could have $50K into the car. The Pawn Star guys just rebuilt a 57 Chevy and spent $70K on the restoration. American Iron is a lot cheaper than the Prosche.

I do think it is easier to disassemble to the bottom and start up from scratch. I have tried the patch and repair approach and it is never satisfactory.

Chuck Z

Okay guys, with all the speculation (a RL forum strong suit....) how much do you feel this restored 928 is worth?????? I bid on this car b/c if Spencer would sell it too me for what I bid, I'd be all over it but, I doubt he will! Lots of opinions on the market and how much went into the restoration; I'd like to know what you guys think it's worth. Not necessarily what you would pay but, how much is it worth to someone who doesn't constantly run down 928 prices and really appreciates the work and $ that went into bringing a car to this level? Me? Since I never run down 928 prices and like Dan, I think Spencer has all of what he says he has into it; I think the car is worth $28-35k maybe more. Unfortunately, I think Spencer is ahead of the curve on recouping restoration costs on a 928. When Porsche brings out the 929, appreciation for the 928 will rise as will values for cars like this.

Landseer

Can't say with out a very thorough look.

Would need to know paint process and materials utilized, paint meter and hardness, and a number of other atypical PPI criteria to determine if its refresh or restore. So far, it looks like a referesh job, different than the other 1/2 dozen Pcars in that garage, based on reading all previous posts. I can recreate it with my contacts for less than the reported 50.

Plenty of data points on low miles mid year cars. 12K mi blue 85 automatic at $13, the 6K mi black car being offered at around 2.2X that. The marine blue gt where one buyer finally antes up.

Probably a bunch of reactive buyers in the 15-25 price range that might potentially move on it.
Assuming a market buyer with the love for the 928 design.
Market contains very technical buyers and very esoteric-driven buyers and plenty of them at this price.
Anything higher, gotta wait for the outlier buyer. Fish of a thousand casts. Musky.

Depends for me on true nature and quality of the refresh. This owner distinguished himself by procuring well preserved Pcars in the market during a time of major price changes. Wish him well.

tv

Here's my quick summary (as someone who always praises the 928 and it's price) If you want to sell after doing a restoration (why would ya) you have to do things right. Doing things right means among other things picking colors that are in the main stream.

This interior color is NOT. To me it's an ugly color but it's just not a mainstream color, should be black to be safe. The photo's are lousy. The polished wheels clash with the paint and the tires are Ugly. Original dull wheels or Cup's would help a lot (with spacers) with a decent tire. Then redo the pics.


Yeah the seats are a problem both in being over-stuffed and the leather looks like vinyl. The pod and dash look great though. If redoing the interior and spending big bucks DO IT RIGHT. That means being picky and specifying the right color and type of material. I have seen a lot of redone seats and only a few stand-out, these are the best; Not only the color, but type of leather and the choice of stitching all matter.

928man

I like the cars interior, I doubt if the price of that ebay car will go over $25K, but its a nice car. From personal experience I can see how one could have 50K in restoring a 928, if you have someone else doing the work. If I had to repaint my car and re-do the interior, I'd easily have 45K in it, but having it not perfect at 30K the way it is, is fine with me.

Chuck Z

tv, I LOVE those seats!!!

Here is an example of another high priced 928. Not wild about white (sorry to those who have white 928s.....) but I love this interior!! Looks to be in nice shape but the speaker grilles must go! BIN = $32.9k. Hope he gets it! Discuss.....

http://cgi.ebay.com/ebaymotors/1987-...item2313098c08

Landseer

I think about 12 high on the surface, and that's assuming MM/OPG good, new TB/WP, recpts, etc.
Otherwise, its due at 50Kmi and if its due, imho, fwiw, its sub-20.
Would have to see it, or at least have an independent set of photos taken.

PPI w/ endplay.

Chuck Z

I have one of these somewhere.......

Chuck Z

Don't you just love the "studio" type shots? To me, it makes me think there's something to hide..... Get that thing outside for some real world shots! I agree with your asessment above (although what is MM and OPG)

Here's one I think (IF, it is as original as it appears to be AND checks out....) is a smokin deal at $14k and I really dig red 929s!:

http://cgi.ebay.com/ebaymotors/1984-...item45fc451a75

tv

I would use these seats (which I call catcher's mit leather) in a mostly black interior with silver thread used on both, the leather and seats. Black wilton wool, a very unique steering wheel and very cool wheels. Maybe do the door inserts in the seat leather, maybe the leather half of the steering wheel also.






I would like to see the car they went into.

Chuck Z

That would be a great combo!!!

I've often thought about putting that color (seats, console, dash, pod, steering wheel,rear hatch trim, rear panels, rear AC cover and door panels (cards in Rob's 93 GTS carpet color) in my GTS. Would then do the shift boot and carpet in the color of Rob's carpet with perhaps the stiching in the same color...... Ah, a guy can dream.....