EMan 928

Just curious, as there seems to be a lot of recent selling activity around the GTS, and the selling prices for these are very high for nice low mileage examples.

What do you think the current market price would be for each of the GT model years, say with 20-25k miles on it? Does the GT have the same allure as the GTS?

Cosmo Kramer

In my opinion it SHOULD, but it doesn't. I think it is because a GT looks just like an S4 from the outside. Mechanically I think it is a better car. The best bang for the buck 928 is an 86.5 5 speed with LSD and Porken chips.

SteveG

You didn't specify, but you must be comparing 5-sp GTS to the GT. There are so few 5-sp GTSs, and only 30?? '95s; when you add "mint" and "color" the one-of-a-kind issue is real, not just perceived, it then becomes a must have for some buyers with deep pockets and the price spikes. Some will gamble every day on whether that means anything for a GTS A/T or a GT. I think nearly everybody at Barrett-Jackson is nuts to spend that kind of money on American Iron, but it's their money, and the cars sure are purty.

Jadz928

This is a tough question...

Let's start with the 89GT. Low volume like the GTS, so rarity/collectability is high. Haven't seen a low mile, good example sell in a while.... but would guess somewhere north of $40K for a 25K mile example. If it was under 10K miles, I would reference Bob Ingrams 600mile (est.) GT. Would guess that would sell for no less than $60K, possibly much much more.

The 90 and 91GT are still pretty low volume cars (but not like the 89GT), so they have some rarity. I would put this into more of a potential collectability market.
I think prices are going up for good low mile examples. Afshin's 30K mile (est.) 90GT sold just north of $30K.
A more recent 91GT w/less than 15K miles sold for around $35K. The latter in particular, was a screaming deal and should be valued well north of $40K, all day long.

Re: allure
I would rank the 89GT in the same catagory as the GTS's... mainly due to it rarity (and one year only), and it's purity. I rank it higher than GTS's, but that's just me.
90-91GT's just aren't there yet, but will be. IMHO, they are badass, but are kindof of in the middle btw the 89GT and GTS's.
Not as pure sport as the 89GT, but not as supercar awesome at the GTS.

Just my nickle's worth... (devalued to .02 cents once driven off the lot)

Rob Edwards

Agreed, very tricky question as this all boils down to perception of value, a limited pool of cars, and a limited 'top-dollar' market. IMO production numbers for the GT's shouldn't really come into play, as there were 109 '89's, 142 '90's, and 145 '91's. Hardcore 928 nuts can argue about the merits of each particular model year, but a collector that's serious about a low mile GT is going to read a couple of the standard internet articles about GT's, and maybe (just maybe) spend an hour poking through the archives here, and glean that the '89's are incrementally more desirable because they're a bit 'purer' than the 90-91's. (Though a cost-no-object collector oughta be finding one of the 2 U.S. clubsport models, or importing a Euro CS, for purity's sake...)

Worldwide, how many big-dollar 'gotta have 1 outstanding example of all models' Porsche collectors are there? 20? 100?' Most of those guys are going to pick up a GTS. The serious enthusiast who might actually put 2-3K miles a year on one would IMO be more likely to consider a GT.

As to the original question, Jim cited the relevant recent sales. And sales are the only relevant data for answering the OP's question.

Bilal928S4

The funny part is that everybody looks at the absolute $ number that they bought and sold a car for and do not take into account things like storage, $ devaluation etc. We are very happy if we can buy a car keep it, pour a ton of money in it for maintenace etc and sell it for $2-5K more. But forego the pleasure of driving it all the time because of fear of losing money on resale.
However, we will buy/lease a regular car and lose $5k min each year in value and won't think twice about it as its not a 928.
Go figure.

EMan 928

Thanks for the response, guys. It's interesting to think about where some of the unique models are headed in terms of price and collectability. Now, to find that 89GT that is in some barn somewhere!

Bilal928S4

I thought that the 89S4 5speed was rarer than the 89GT 5speed.

ashmason

My 90 GT had 189,000 on the clock when I got it, which is the only thing that made it within budget. Its a bit of a rough diamond but as folks are always pointing out, 928's like to be driven and I have had surprisingly few issues with it since I bought it given the miles. Its now pretty much my daily driver and my truck sits in the driveway most days I try and think of it in terms of the value it brings me every day when I jump in to drive home from work and it puts a smile on my face no matter how crappy a day I had and that's priceless.

AO

Personal bias here...

I think the '91GT is actually the most desirable of the the three years of production. Not because of rarity, (although it is pretty rare at about 120 in the US - and actually a case could be made that it is actually rarer than the 89 becasue Porsche did not import the GTS until '93 so you have two years to spread the '91 sales over - there fore it averaged ~60 per year... but I digress) but because of its technical refinement. The '91 GT is basically a pre-GTS. It has almost all the bells and whistles and interior refinements of the GTS with the almost bullet-proof 5.0 engine.

Value - It all depends on condition, but a well-sorted GT in excellent condition with 25k miles or so should be worth every penny of $25k to $30k and possibly higher - probably higher. My car has 160k miles now and I think it is worth $20k (excluding the SCer). Not that I'm looking to sell today...

Tom. M

Somewhere near 200ish US 89 5speeds out there... Vilheur has the numbers posted in some of the 89GT vs 89 5sp threads..

I still want to see more pics of the dk green 89 GT with something like 350miles on it.... that GT (if it were sold) would determine the high price point

Rob Edwards

Bzzzt. Erkka sez 184 U.S. 89-5 speeds, and 17 Canadian 89 5-speeds, vs. 101 U.S 89 GT's and 15 Canadian 89 GT's.

Bilal928S4

I have a 91 GT with 64K, recent clutch, timing belt etc, etc. perfect condition. Would I sell? Maybe, if the price is right. But hoping to get mega $'s and not enjoying the car is a curse.
I drive my 90S4 every day and enjoy it. I do get sad when I see that it is aging and things are wearing, little new squeaks are emanating, new parking lot dings, paint fading, etc.

AO

One for show, one to go... that's the way to do it!

Rob Edwards

Couldn't agree more!