1978 appreciation
06-23-2012, 02:27 AM
#1
Rennlist Member
Thread Starter
1978 appreciation
According to Roberto Rodriguez from Hagerty Insurance, the 1978 models with Pasha interior and bright colours are appreciating in value.
http://www.facebook.com/groups/41867...0964566155768/
Words by Hagerty Insurance
PORSCHE 928
Prices for 356s and long hood 911s (1964-73) have gotten frightening of late, particularly the most desirable variants like four-cam 356 Carreras and the early 911S. Nevertheless, if you look hard enough, there are a few Porsches out there that remain affordable (for now), with a decent upside in the not-too-distant future. Here are three of our favorites:
1. 1978 Porsche 928: We thought we’d lead with a water-cooled car, just to be contrarian— but let’s face it, the 928 was a technological tour de force. Even its unconventional looks are starting to grow on people 35 years down the road. The main problem with the 928 is that it’s a hideously complex car that takes an expert to maintain. Consequently, there are a lot of ratty 928s out there. For future collectibility, we like the first ones from 1978 (think “Risky Business”) in either classic silver or a bright color like minerva blue with the nutty op-art “Pasha” checked interior or a very late 928 GTS. A well-preserved low mileage example should provide a great deal of fun while appreciating nicely.
http://www.facebook.com/groups/41867...0964566155768/
Words by Hagerty Insurance
PORSCHE 928
Prices for 356s and long hood 911s (1964-73) have gotten frightening of late, particularly the most desirable variants like four-cam 356 Carreras and the early 911S. Nevertheless, if you look hard enough, there are a few Porsches out there that remain affordable (for now), with a decent upside in the not-too-distant future. Here are three of our favorites:
1. 1978 Porsche 928: We thought we’d lead with a water-cooled car, just to be contrarian— but let’s face it, the 928 was a technological tour de force. Even its unconventional looks are starting to grow on people 35 years down the road. The main problem with the 928 is that it’s a hideously complex car that takes an expert to maintain. Consequently, there are a lot of ratty 928s out there. For future collectibility, we like the first ones from 1978 (think “Risky Business”) in either classic silver or a bright color like minerva blue with the nutty op-art “Pasha” checked interior or a very late 928 GTS. A well-preserved low mileage example should provide a great deal of fun while appreciating nicely.
06-23-2012, 07:10 AM
#3
Rennlist Member
Wow, he described my car, a 78 minerva blue with cork, and pasha b & w interior!
see post #2: https://rennlist.com/forums/928-foru...your-78-a.html
see post #2: https://rennlist.com/forums/928-foru...your-78-a.html
06-23-2012, 07:48 AM
#4
Rennlist Member
Thread Starter
Do we have a pasha picture thread? I'd like to start one. I love Pasha interiors!
BTW, why is it called pasha? If you look it up in Wikipedia you can't find anything remotely resembling the patterns from our beloved interiors.
BTW, why is it called pasha? If you look it up in Wikipedia you can't find anything remotely resembling the patterns from our beloved interiors.
06-23-2012, 08:02 AM
#5
Burning Brakes
I really appreciate the early cars in bright colors (single stage, no metalic!) and pasha interior too. The style is really particular... Hmm... Don't know how to express that better.
On the other hand, from the mechanicals, I like the GTs best. I never was a fan of K-Jetronic. The later cars can be metallic, but even on them, I prefer the bright single stages.
After a GT, I would go for an early car with pasha in a bright color... :-) Who knows, maybe some day I will have the opportunity!!!
JP
On the other hand, from the mechanicals, I like the GTs best. I never was a fan of K-Jetronic. The later cars can be metallic, but even on them, I prefer the bright single stages.
After a GT, I would go for an early car with pasha in a bright color... :-) Who knows, maybe some day I will have the opportunity!!!
JP
06-23-2012, 10:40 AM
#6
Rennlist Member
All great news, and couldn't agree more!
Went looking for the source of this to verify it was in fact Hagerty.
Only found it published on The Mesh:
http://www.meshnewengland.com/expert...st-in-now.html
I will contact Hagerty and The Mesh next week to verify the source. Would be interested to get this published a little deeper on the web, and in particular on Hagerty's website.
Also found this on Hagerty's website:
http://www.hagerty.com/classic-car-a...ment-potential
Went looking for the source of this to verify it was in fact Hagerty.
Only found it published on The Mesh:
http://www.meshnewengland.com/expert...st-in-now.html
I will contact Hagerty and The Mesh next week to verify the source. Would be interested to get this published a little deeper on the web, and in particular on Hagerty's website.
Also found this on Hagerty's website:
http://www.hagerty.com/classic-car-a...ment-potential
These cars have investment potential By Dave Kinney
January 13, 2012
The Porsche 928 has shown some definite upward movement in value. View larger images
The new normal is here, and, for the most part, it’s not as ugly as we imagined. Where auction (and private sale) prices for many “ordinary’ cars have softened, there are some back-benchers that we should concentrate on. Here is a group of a few cars and recent auction sales, that have not only some investment potential, but, more importantly are fun to drive and won’t (necessarily) keep you on your back, both physically or financially.
Although the Porsche 928 had its day, one look around the blogs and comment sections of any Porsche-oriented website will lead you to believe the front-engined wunderkind will live to again see happier times, and the final versions of the 928 have shown some real upward movement in value. The days of owners abandoning them at repair shops after previewing unpaid bills are perhaps not entirely over; however, the chances of finding a great one under $5,000 likely is.
Barrett-Jackson let a 1990 example go for $8,800 in September 2011, and in March 2011 a 1993 928 GTS was sold by Auctions America in Fort Lauderdale, Fla., for $22,000. Silver Auctions sold a much cheaper example in its Fort McDowell (Scottsdale) sale – at $3,130, it was buy it for the parts money. They occasionally go cheap in online sales, and at some point, we’ll all wish we bought that house in the country with the huge barn to keep them safe there until we retire — or are forced out by reasons of insolvency.
January 13, 2012
The Porsche 928 has shown some definite upward movement in value. View larger images
The new normal is here, and, for the most part, it’s not as ugly as we imagined. Where auction (and private sale) prices for many “ordinary’ cars have softened, there are some back-benchers that we should concentrate on. Here is a group of a few cars and recent auction sales, that have not only some investment potential, but, more importantly are fun to drive and won’t (necessarily) keep you on your back, both physically or financially.
Although the Porsche 928 had its day, one look around the blogs and comment sections of any Porsche-oriented website will lead you to believe the front-engined wunderkind will live to again see happier times, and the final versions of the 928 have shown some real upward movement in value. The days of owners abandoning them at repair shops after previewing unpaid bills are perhaps not entirely over; however, the chances of finding a great one under $5,000 likely is.
Barrett-Jackson let a 1990 example go for $8,800 in September 2011, and in March 2011 a 1993 928 GTS was sold by Auctions America in Fort Lauderdale, Fla., for $22,000. Silver Auctions sold a much cheaper example in its Fort McDowell (Scottsdale) sale – at $3,130, it was buy it for the parts money. They occasionally go cheap in online sales, and at some point, we’ll all wish we bought that house in the country with the huge barn to keep them safe there until we retire — or are forced out by reasons of insolvency.
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06-23-2012, 12:49 PM
#8
Nordschleife Master
I love that guy!!! I have '78 #295 with Pasha in Silver and I have a '95 (with miles...and deer collision repair!) and an all original 57k mile '94! I am right in the sweet spot on 928's I guess!
Though I think Jim D trumps me with #1 and #6! Not to mention those few and far between ultra low mile GTS's out there...but I have BLU82 that I would pit against them any day!
Though I think Jim D trumps me with #1 and #6! Not to mention those few and far between ultra low mile GTS's out there...but I have BLU82 that I would pit against them any day!
06-23-2012, 06:51 PM
#9
Rennlist Member
we do have a pasha thread, will look for it later....it's here somewhere
06-23-2012, 08:11 PM
#10
Nordschleife Master
edit: https://rennlist.com/forums/928-foru...bmissions.html
06-24-2012, 03:34 AM
#11
Rennlist Member
Thread Starter
I found the origin's of Pascha ( not "pasha" as I discovered during my investigation).
http://www.pascha.de/NIGHTCLUB
This explains a lot why we all like it that much!
http://www.pascha.de/NIGHTCLUB
This explains a lot why we all like it that much!
06-24-2012, 08:11 PM
#12
Nordschleife Master
Should probably add - that link is definitely NSFW (Not Safe For Work).
I found the origin's of Pascha ( not "pasha" as I discovered during my investigation).
http://www.pascha.de/NIGHTCLUB
This explains a lot why we all like it that much!
http://www.pascha.de/NIGHTCLUB
This explains a lot why we all like it that much!
06-25-2012, 11:11 AM
#14
There are two big factors to consider.
First is that not many, if any, cars from the late 70s and 80s has really hit it's stride as a "classic" yet. There are all sorts of examples out there of 50-60s cars selling for $1,000-$5000 in the 70s-80s that are worth hundreds of thousands (or more ) today. (I will have to find the link again, but there was. 550 Spyder that had changed hands several times in the 70s for between $4,500-6,800k and used as an autocross car. It's now valued in the 7 figures)
For the most part the late 70s 928s are just now getting old and rare enough.
The second factor is really the amount of owners that are willing to give these cars away.
I can remember when nobody wanted an old 356. It was cramped, rusted and had no performance relative to the near cars. You could buy the all day for VW Bug prices. I was very common to hack one up to put another one together. Now people are asking crazy prices for totally rusted out tubs. (Saw a 356 convertable that was all rust, just a tub with a $65k asking price
not a single usable part on it)
First is that not many, if any, cars from the late 70s and 80s has really hit it's stride as a "classic" yet. There are all sorts of examples out there of 50-60s cars selling for $1,000-$5000 in the 70s-80s that are worth hundreds of thousands (or more ) today. (I will have to find the link again, but there was. 550 Spyder that had changed hands several times in the 70s for between $4,500-6,800k and used as an autocross car. It's now valued in the 7 figures)
For the most part the late 70s 928s are just now getting old and rare enough.
The second factor is really the amount of owners that are willing to give these cars away.
I can remember when nobody wanted an old 356. It was cramped, rusted and had no performance relative to the near cars. You could buy the all day for VW Bug prices. I was very common to hack one up to put another one together. Now people are asking crazy prices for totally rusted out tubs. (Saw a 356 convertable that was all rust, just a tub with a $65k asking price
not a single usable part on it)
06-25-2012, 11:17 AM
#15
Here is a quote from a thread on Porsches on Advrider.com
This is one of my best friends in his 550A Spyder at an autocross in the mid-1970's. I think he paid around $4500 for this car in 1973 and he sold it in 1978 for $6800. I could have bought it from him for $6000. It is 550-0113 and its worth somewhere around $1.2 million today.
