UncleMaz

On this week's episode (Velocity), not that I am recommending that borefest, they featured a red 91 GT in the viewer mail segment. Didn't catch the miles, but it got a D on the collectability scale and a 25k valuation.

voskian

That was my 91 GT, just turned 32k miles the other night. I had sent in info back a few months ago and was notified they would be putting it on air. They use the Hagerty valuations as an general estimate.

Pretty cool to see my car on the show, they said it will run on repeats on and off over the season.

Bob

FreedP

Would look good in my garage for that price.
Want to sell?..... LOL

linderpat

I really enjoy the show. Have it dvr'd, so looking forward to seeing it. Why the D on collectability?

voskian

I was just coming in and put the TV on and just caught the show when it came on. They said something about not that old of a classic yet, or something to that effect and gave it a rating of D for collectability.

They use the Hagerty valuation tool (as Hagerty is a sponsor for the show) and if you look at a 91 GT with a condition 2 it's $25-28k.

boomboom

Poor valuation in my opinion. Hagerty is a little behind the times with this particular 928.

UncleMaz

Bob, Beautiful car and definitely undervalued. I do watch the show regularly and had been waiting for a 928 to show up. Very cool.

hacker-pschorr

I agree on the age thing, but disagree on the "D".

Cars go in order, take the Corvette for an example. The 68/69 and 70-72 models were holding pretty low for a long time. They were not going to start climbing in value until the 63-67 years started to peak. Sure enough, try buying a perfect big block 69 for every day money. When they peak, the next generation will start to climb a bit. Granted, due to production numbers and less changes year to year (and flat out boring performance during those years) they will never hit the stratosphere like a 67, but a perfect low mileage survivor with an LT1 isn't going to sell for $12k anymore.

The 928 is in a very similar holding pattern, except in our case it's the 911, more specifically the air cooled versions.

If you haven't been paying attention, the last 3+ years have taken off for the air cooled crowd. There are a lot of theories why, which isn't important here, but that is the key factor to our cars going up in value. The 928 will always play second fiddle to the 911, just like a 69 Vette will always be worth less than a 67. I'm talking about your "average" day to day car. Sure a 69 ZL1 is worth more than almost any 67, it would be like comparing Chuck Z's former GTS to a high mileage SC...

Right now there is an ulta low mileage 1988 - 930 for sale in the classifieds for $175,000 - let that soak in for a bit. It doesn't even have the original transmission - some feel it's under priced.

That being said, the collectability is far from a "D" since right now is an excellent time to buy. Unless their rating scale takes into account time. It may be 10 years before this cycle resets and starts to cause 928's to climb. I have no idea how their "scale" works.

Then you have to break down the sub-models of 928. A GTS will always be the top dog with GT's, S4's, 16V's etc.. falling behind. Some exceptions like the 78 being the first year will start to catch the attention of collections like the 86.5.

Quite honestly I loath the day 928's start to catch the eye's of collectors and investors. It will (slowly) change the community and the type of people that choose to buy these cars. We will go from die hard enthusiasts to more and more garage queens dusted off for concourses.

Hopefully that day is 10-15 years away.....

voskian

I agree, but I drive this GT ( will average 5K miles per year ) even though it is off the road in New England for about 5-6 months each year, and I also show it at concours events, as it was soooooo clean and original when I got it. It's not hard to keep it clean once I had gone through it after I bought it.

The fun is driving it,and funny when people ask me if it's the "new Porsche model".

FREAKINHEAT

Just saw the episode. I see you've changed rims. Your GT looked good. I was insulted with the "D" collectibility!

NoVector

I just read the “Still a Steal – The Porsche 928 is a lot of car for the money” article in the May Excellence. It says:

“Sports Car Market (SCM), a publication which tracks auctions resale value of special interest vehicles, uniformly assigns all 928 models a “D” investment rating reserved for “cars that had the potential to be interesting, but failed to be successful in the collector car marketplace, often due to a design, engineering or styling flaws.”

So why do girls say they want the "D"?

drwhosc

D Kind of surprised me, but as I think about it, these cars are complex and somewhat of a bear to maintain. They do have failure points. So not for everyone. I call it a transition car. Worst of computers (gen 1) and still has vacuum controls, but car collectors don;t care about this sort of stuff.

The styling is what will ultimately win out. There are quite a few people who tell me this was their dram car. think a good example will do OK, but never hit the stupid money crowd. They go after specific brands, and Porsche is now getting eyed since La Ferrari is in Stupid territory with some topping 10M

Personally I hope our cars never become a fashion accessory for someones garage. That is what an A means. My 928 will stay in the family, and hopefully Myself and one of my daughters will enjoy it for years to come.

So if my microcosm is a test, I have a 71 911 and 95 range rover classic. the 928 is the least fought over car. I do keep telling them it is the one you want to drive though...

WyattsRide

Caught this repeat last night. I knew it was Bob's as soon as I saw it. Also, it said the letter was from "Bob" from "Boston, MA".

They also said something to the effect - "If this car went to auction and two bidders really wanted this car, the sky's the limit"

Bertrand Daoust

+1.
This car is simply beautiful.
Looks like new and very, very close to stock.
One of the finest 91 GT around for sure.

Worth way more than 25k IMO.

The Fixer

True because we are all in the trenches.. We can't expect them to see immediately what's been happening lately with increased interest.

Agree Hacker, I just wanted to add that there were many more Corvettes made than 928s..

Also, I can find a lot of nice '68-72 Stingrays in original #2- condition which is nice), in my area still on the cheap right on CL.

There seems to be a lot out there.

This is where the 928 is very different, inventory of good cars is very low.

I think we are getting very close to seeing them shoot up again 25% in value.

They are simple too great a car to not.