Rob Edwards

Does he have to provide you a pic of the bill of sale, or a notarized copy of his bank statement showing the transaction?

I don't think Mark's '84 would be a Hagerty #2, I think it would be a #1, and probably a 1- on the SCM scale. It is utterly a national concours car in every way.

Doubt all you want, but it happened.

Chalkboss

I saw that car at Sharktoberfest last year and it is a #1 condition all day long. Totally preserved. Glad to hear he got some strong money for it.

Range Rover

I know someone who purchased a 1983 928S with 2K miles for around $60K...

Values for these older Porsche's seem to be going up quite rapidly... especially 911's (993 Turbo's and 930's particularly). Would only make sense that a pristine 928 would command a respectable sum of money.

James Bailey

when the tide comes in all the boats in the harbor rise.... or the ripple effect as one model makes a big splash it pulls up all the others.. Or if you can not afford or justify $100,000 k for an early 911 S then maybe the 928 seems a better deal.

jcb928

It is easy in a credit bubble,

$40,000 purchase price
$4000 down
$332.96 per month x 144

How to finance a classic car http://www.newsday.com/classifieds/c...-car-1.5774254

Some quotes from http://www.woodsidecredit.com/barrett-jackson/

"I wouldn’t have bought a car without you… Yours was the easiest option for approval and you made it all so easy." Ernest H., Valley Center, CA

"Because of your program, I was able to buy a much more expensive car than I could have with just my own money." Ed R., Sabin, MN

"Your program made it so easy. Without you I probably only would have bought one car." Steven H., Greeley, CO

Rob Edwards

Here are a couple of unforgiving closeup detail pics of Anderson's '84, you can imagine of what the rest of it looked like:

OTR18WHEELER

The 928 isn't your Fathers oldsmobile, and it's not the mid '60's stang shell in the back yard. We all know what the optimum 928 is, those will command close to 100K in the years to come. As long as cheap 928s are tracked, the DD's will go up in price.

RKD in OKC

Friend of mine just bought a 50th Anniversary Edition 911. Took Delivery in November. It currently has 6 miles on it. That is the distance from the dealership to his garage. Has a 4S Cabriolet he bought new several years ago that has under 300 miles on it. He has several other cars in his collection including a 356 Speedster. The speedster is updated with more modern (later year) suspension, brakes, and higher performance engine to make it more drivable, but only bolt on upgrades and has a stand with the original engine and other original parts to show them off. His cars only get driven on rare occasion. His garage alone is bigger and nicer than my entire house.

He does like to take his cars on scenic drives at gatherings like Porsche Parade, etc. similar to Third Coast and Sharks in the Mountains..BUT he has a custom motorhome car hauler that holds 2 cars he uses to take them to and from the events.

That is the way a collector enjoys his cars yet keeps the values up.

cobalt

You may find that once the 928 takes off like the air cooled cars the rate of climb will be too fast to buy up the right car.

The turbo market has gone insane. We are seeing over $100k increase in value in some models in the last 8 months. Some of these cars are not even #1's.

A month and a half ago new records were set in the US when a 94 turbo 3.6 shocked everyone by selling for $169k within that time numbers jumped to $180k then $190K now $230k and that was for a clean 59k mile car. Nothing like Marks 84 which is a prime example and worth the buy in. The turbo S flachbaus went from $150's a few years back to $300k to $500K now we are seeing asking prices of $695K. Not sure who is going to spend that much but the bubble has to give sometime. These were 959 numbers not all that long ago.

Unfortunately, the threads are now discussing how owners are no longer driving them because they can't help but consider their cars value. I have basically taken my turbo off the road and plan on trailering it to and from car shows. Too many idiots trying to race you and chance damaging your car. Even in the GTS the other day I had two idiots in SUV's race around my right to show they can get past me. Made my wife very uncomfortable and me too.

Times are changing and if the 928 market follows the early 911 market the nice cars will be untouchable before you can blink.

The Fixer

Whether the '84 was a number 1 or a number 2 is Mark's business.

James Bailey

Another mkt data point from Tyfocus 95 recent new thread...." I recently hit a stroke of luck it seems and it was given a 928s! The previous owner had mechanic in the process of "restoring" the engine but the mechanic passed away half way through the rebuild. According to the previous owner who knows nothing about the technical aspects of engines, trans, etc informed me that it was a "restoration" but after doing some research for some time now I believe the previous owner was having a 100,000 mile tune up done. Replacing the timing belt and water pump too as those tend to go out from what I've read. Well anyway, I will hopefully have it towed to my house this weekend along with several large boxes of parts, that could possibly not even go with the Porsche because the late mechanic had many projects at the time and the owner of the 928 grabbed what she thought went to it. Also, I believe it may be a euro model. The owner said she went to Germany to pick up the car with 1000 miles on it. I don't know the year of it yet but it's probably before 1985. It's champaigne gold with gold rims, if I remember correctly she also said it came with a luggage set which leads me to believe it may be a Weissach?? .....
WHICH MEANS....one $40,000 sale and this one will average $20,000 .....

soltino

Well it's either a pisser or the sh*ts.

tino

AnatolyL

"I see" said the blind man. To rate that car in the photos a #2 is not accurate. If that car is documented with 2k miles, then someone bought it new, put it in climate controlled storage, and moved it around every few years. It is literally 1 in 61,000. The only way it couldn't be is if it didn't run, or had some other major issue related to being stored incorrectly. I also have to add that people like Mark and Roger have contacts worldwide that the average person does not have. Porsches and 928s are their business...they have warehouses and credit lines that allow them to do things only people in the car business can do. Do you think Roger would own 38 928s if he was an I.T. guy?...I doubt it. And to get back to the original point of the thread "where are 928 prices going these days?". There's only one way they can go, because when people buy them for $2k and drive them 200 miles home, they can't possibly go any lower!

928wolf

Wow, I didn't think 30 year old plastic could look like that no matter how it was babied. I'll be pretty happy when mine is just clean.

Just to add my $0.02 to the conversation: I recently bought my '85 Euro 5-speed with 31k for $15,000 and didn't haggle for a second. I have no idea if I got a bargain or if I'm a complete sucker, but I don't care that much at this point. I'm a total novice to buying old cars or Porsches but from the limited looking I did there wasn't anything out there like this one. Not that it is a pristine example by any means, but it is far from the ragged out projects I looked at. I figure I would have been $15k deep eventually if I had spent $8k or $10k.

Price appreciation is a mixed bag for somebody who wanted one of the cars that he lusted after when he was 16, and this was the most affordable of the bunch. I had no illusions whatsoever of making any money on this car, I was warned by a former Porsche mechanic that it could become a money pit. I bought it to drive it and tinker with it and so far the investment has already produced a large ROI.

The double edged sword is if you love these cars, if the price goes up enough to make some money selling it you'll probably take your profits and buy another one at inflated prices. Price appreciation has the greatest effect on new buyers or those who want to sell and never get back in. No different than selling your house in a bubble: you still have to buy another house at inflated prices.

928wolf

Also, I've seen passing mention of a "new 928". Is that more than just vapor? I would think that would generate a lot of interest in the existing stock of remaining 928's.

I can only imagine what my car would do with a 550 hp turbo V-6, but 8 cylinders would be even better. It would be hard to keep the tires on the thing.

Thoughts, opinions or speculations?