waynelambright

Here is a nice Red / pasha cork $4000 Manual 1979.

I'm loving this.

The Forgotten On

That car was for sale in San Diego a year ago for $1000. I guess this person is trying to cash in on the recent rise in price.

Dan87951

$4k for that? Ouch...

jetson8859

It's going to be the price we pay if we want values to rise. Can't have dirt cheap projects and high value quality cars. Was looking at a 69 GTO that was a non runner, rust in every body panel, floor pans, trunk, no interior, no exhaust at all nd top of engine missing, probably $25K to get it right nd the guy sold it for $6,500.

In a few years we culd be saying that $4K is a cheap entry point, at least that's what I hope happens, then we are all crazy smart for getting in when these cars were cheap

Wisconsin Joe

Well, I know a guy who recently sold a "basket case" Road Runner with a 440. Not matching numbers, but he had the VIN tags from the body that had the 440 originally, so it's a good base for a 'clone'. It needs a total resto. Probably $40k in work. He got $17k for it.

BUT...

Restored muscle cars are worth good money. Original ones are worth ridiculous money.

Not so with the 928, at least not yet.

Original ones are starting to climb. At least the early and later ones. Mid years have yet to see any real increase.

And restored ones have yet to see much movement.

A number of people of people are saying that the "era of the cheap 928" is drawing to a close.
But most of them are talking about a 5-10 year horizon.

It sure isn't here yet.

And you have a funny idea of what "nice" means, Wayne. That's a barely running, trashed interior, 100k miles "project car."

It's the stereotypical "$10k away from a $5k car."

Dan87951

I know a lot of people are looking for big pay days on these cars but I could care less one way or another if prices rise. I would rather see these cars go to enthusiast who would actually restore them than flip them. I'm just thankful I know better than to pay $4k for that!

tlister67

I think that is a good project and I love the color combo. I do not see many first year red and I love cork. I would consider paying close to asking if I were not already deep into the same car in black. A compression test would be in order prior to purchase for me.

Gary Knox

I also hope the earlier cars (well, all models!) will indeed start to increase soon.

Since I recently bought a BMW 3.0 CS ('74), I spend time on that Forum to get up to speed about these (maybe return to speed, as I owned two of these in the lat '70's early 80's). Here's an indication of what condition about $5K will get you in these cars today. 10 years ago, this would probably not have gotten an offer at $500! These were imported in fewer numbers than 928's, at about 1000 per year in early years, and less than 400 in '74, the last year.

http://www.ebay.com/itm/BMW-Other-Co...m=281735566587

James Bailey

If you understand craigslist language and it is a real language.... What the add says means it never passed smog , the title is PROBABLY still in the name of the San Diego seller which means any issues and you have to track him down.... which can be a big problem, and yes it needs lots of $$$$ to be a decent running driving car.
One of the big factors holding down restorations of 928s is the parts prices ....you can restore a GTO Pontiac or even a Mopar for a fraction of what it costs for a 928. Even do a 356 or early 911 for less. And those cars are selling for far more than restored 928s.

zekgb

Yikes, considering the 3.0cs left the Karman assembly line with no undercoating and lots of places for water to accumulate I can't see how it would be possible to make your money back on a car like that. Definitely one of the most beautiful cars ever built though, to my eyes every bit as gorgeous to look at as a Ferrari or Aston of the same vintage with pretty good performance in the later years. A CSL would actually be my dream car but those are now going for ridiculous money. You should post some pics of your project.

VanD

It seems to me to be a relatively complete car, obviously missing the radio which is a big ticket item. This car lives in the netherworld of 'too nice and complete as a parts car ($1000) and too shabby to just drive as is, and not worth enough as a restored car, (yet)'. Lots of low - hanging fruit on this car for a part out for the special '78-79 parts but that would be a shame. Looks to be an early car (dash vents). I like it and would buy and sit on it if local to me. If I were this guy I would get it running so it's at least drive-able. This is one we will remember some day as being ridiculously cheap. Wonder what the VIN is - anybody check yet?

Gary Knox

Kevin,

Yes, I wouldn't want to be the restorer of that CS either, but a good, FULLY restored CS is now approaching 6 figures, and an occasional mint one would probably exceed that. They DO rust, so lots of restoration work usually has to be done, and one of the posters on the CS forum said 'great candidate for restoration, as you can't see the ground any place through the fenders!

Their values have really escalated in the past 4-6 years. i'm hoping for something similar to the early 911's to happen! - ha.

tlister67

I think that would be a great car to buy, get running/driving and clean up a bit. Then wait for the value to justify further work. Good thing I am not closer.

Gary Knox

IF you think the 928's will follow the path of the 356's, it will only take 24 years for the car mentioned by the original poster to get to THIS figure ($50K today, with a couple more to go, and has not reached the reserve!).

http://www.ebay.com/itm/231601142468?rmvSB=true
That would be a pretty good return on the $4K investment.

Fogey1

Gary has a nice shop and now he has a project to keep him busy forever.

Beautiful cars. Hi to Kitty.