trendy996

It has the 'art deco' interior

69gaugeman

Between $500.00 - $100,000.00

Way too little information to make even a WAG.

trendy996

I'm just wondering what a average price for a car with this number would be worth. The guy wants 1200. It's been sitting in a barn/storage for 10 years. He drove it for 150 miles then parked it.

Jadz928

Have you looked at it yet?

I saw pics via email which were rough, but was curious what it might look like in person.

That vin# doesn't mean much as is, but would help resale value down the road. Before any value can be associated to it, this early 928 first needs to get out of the barn, and pointed in the right direction.

trendy996

I just saw the same pictures as you did then. I don't live in cincy anymore. I feel his pictures show enough.
I'm just not familiar with the 928 and its value. I've only started in the Porsche scene a few years ago. While I've learned a lot and their values I just haven't learned them all yet. I just wouldn't want to pass up a good deal like I've done before bc I didn't properly know the value of the car I was looking at.

trendy996

Ducman82

Looks to be a little rough. Need more pictures to tell. Offer 1k, see where that gets Ya

Landseer

If the interior is mildewed, as it appears to be, then the rescue becomes a real PITA.

linderpat

this one is a tough call. It looks to be very far along the deterioration path from those few pictures, at least cosmetically, and the engine has to be tired with that mileage. Yet it is a very early Euro. Someday, folks will wish they grabbed these examples when they could have at such dirt cheap prices.
The worth for you depends on what you want to do with it. A restoration will be very difficult - even things like replacing the little plastic caps over the bolts holding the windshield wipers on will frustrate you, as the eraly cars used many bits that are different from later models, and those bits are impossible to find.
If you plan to buy it and hold it, and do a true restoration, then at the current market, I would offer no more than $1000. It is probably worth at least that much in parts. Then take your time and fix it as close as you can back to original, and wait for the values to eventually rise beyond what you have into it. Of course, as with any investment, that may never happen. I do think these early cars will pay back the investment some day, and sooner rather than later.

Hilton

It does look a little rough - but I think it looks like a good candidate. Its mostly there, and with a VIN that early, I think it makes sense to buy it, and then spend some money making it as original looking as possible.

I wonder whether its feasible to save the factory paint by color-sanding it back and re-clearing it? If it can be preserved with original interior/paint, then the mileage isn't an issue, IMO.

Jadz928

The miles aren't that high... 114629 miles when converted.
Worth noting, this 928 is what I call a 'virgin euro' meaning it never had its metric speedo/odo cherry popped and replaced with MPH/miles. So better chance for true miles known.

Entry level price for this 928 is relatively moot when we're talking $1-2K, because whoever buys this one should be prepared to spend 5X to 10X that.

There a couple ways to go about this one...

Step 1 - bare minimum:
Buy it, get it running (restore fuel delivery & ignition), clean it up, fix safety issues (LBJ's, brakes, etc), then drive it or sell it as an original 'running condition' 928. This would be the first big bump in value - its first up-cycle back into the world of running/driving 928s.

You will drive it and enjoy it for what it is. Value would then be around $4-5K (plus 20% low serial# premium)

With this approach, you can't get too caught up with the condition of the paint or interior, else it will always let you down. And if this will be a hang-up, consider step 2.

Step 2 - preservation 'driver' restoration:
All of step 1 plus a comprehensive mechanical electrical service for increased reliability and safety. Full paint and body**. Interior refurb to include seats and possibly carpet. Your target would be a condition 2.

Value would then be around $16-18K (plus 20% low serial# premium). If doing the restoration yourself, you could come in near proposed value. If you have a specialist do it, figure $30K

**note: due to respray, it could not be shown in PCA preservation concours

For this step, a professional assessment of this 928 is needed to determine what is salvageable/restorable (particularly w/hand-to-find interior parts, etc).
If it is too far gone, you'll blow the budget in a major way. At that point, see step 3.

Step 3 - full restoration
All bets are off for this one due to the 'slippery slope' effect. Budget $30K DIY, $50K+ specialist. Resto will exceed the value of the car, at the moment.

Difficult to assess potential value due to lack of market info. Should be able to pull $30K-$50K (this is future market potential which may be lower or higher)

If you were to do a full resto, this 928 has better potential due to first model/year and early serial#.

linderpat

My bad Jim on the mileage - forgot to convert. The mileage for the age isn't that bad. This engine may not be too tired after all. Would be important to know if the speedo works, however, in order to assess whether the odo is showing close to actual miles. I agree 100% with everything you set forth.

To the OP, in short, for a grand or so, maybe best to just grab it and then figure out what to do with it. If you decide that you don't want to restore it per step 2 or 3 in Jim's post above, or even fix/drive it per step 1, then you are only at risk for a grand or so, and you should be able to kick it down the road later for what you paid now, thus minimizing any "investment" loss on it.