1978 #44 for sale on eBay
03-28-2016, 11:48 PM
#31
Former Sponsor
I don't want to "rain" on anyone's dreams....however:
If things follow what has happened to the 356 and 911 series, the entire first year of production will be treated all about the same. Super low producaiton numbers always have a certain amount of "novelty" interest, but I seriously doubt it will affect cars up beyond the very first 10 or so.
The one thing that everyone seems to be missing is that the investment in restoring one of these things is quite large....and the very high prices people are paying for the 356 and 911 cars are for extremely well done restorations.
There's a long wait for that 4K 928 to suddenly be worth 100K.....very, very long.
The other thing to realize is that although there is a small "upsurge" in the interest of the 1978 vintage 928, there are a whole bunch of these things out there, for sale! The market seems to be saturated with these things, right now.....because what was literally junk two years ago is now worth about 4K.....and people want to get these things out of their garage.
However, that 4K vehicle still needs 40-80K to restore it (today), if you can do a ton of the work yourself. (As the replacement rubber, trim, and mechanical pieces get used up, that number will quickly go over 100K....these cars have many times more pieces to fuss with than a 911!)
You also need to put this stuff on perspective. Finding a 1978 928 is no where near like going out and trying to find a 1954 Speedster in 1992....when they simply did not exist. (1978 + 38 = 2016.......1954 + 38 = 1992)
If things follow what has happened to the 356 and 911 series, the entire first year of production will be treated all about the same. Super low producaiton numbers always have a certain amount of "novelty" interest, but I seriously doubt it will affect cars up beyond the very first 10 or so.
The one thing that everyone seems to be missing is that the investment in restoring one of these things is quite large....and the very high prices people are paying for the 356 and 911 cars are for extremely well done restorations.
There's a long wait for that 4K 928 to suddenly be worth 100K.....very, very long.
The other thing to realize is that although there is a small "upsurge" in the interest of the 1978 vintage 928, there are a whole bunch of these things out there, for sale! The market seems to be saturated with these things, right now.....because what was literally junk two years ago is now worth about 4K.....and people want to get these things out of their garage.
However, that 4K vehicle still needs 40-80K to restore it (today), if you can do a ton of the work yourself. (As the replacement rubber, trim, and mechanical pieces get used up, that number will quickly go over 100K....these cars have many times more pieces to fuss with than a 911!)
You also need to put this stuff on perspective. Finding a 1978 928 is no where near like going out and trying to find a 1954 Speedster in 1992....when they simply did not exist. (1978 + 38 = 2016.......1954 + 38 = 1992)
03-29-2016, 01:08 AM
#33
Rennlist Member
...If things follow what has happened to the 356 and 911 series, the entire first year of production will be treated all about the same. Super low producaiton numbers always have a certain amount of "novelty" interest, but I seriously doubt it will affect cars up beyond the very first 10 or so.
The other thing to realize is that although there is a small "upsurge" in the interest of the 1978 vintage 928, there are a whole bunch of these things out there, for sale! The market seems to be saturated with these things, right now.....because what was literally junk two years ago is now worth about 4K.....and people want to get these things out of their garage.
However, that 4K vehicle still needs 40-80K to restore it (today), if you can do a ton of the work yourself. (As the replacement rubber, trim, and mechanical pieces get used up, that number will quickly go over 100K....these cars have many times more pieces to fuss with than a 911!)
03-29-2016, 09:42 AM
#34
Rennlist Member
per the seller, i was one of 3 people who was very interested in the car throughout the sale. i have to say, i'm rather disappointed that the car didn't wind up in my garage, but it clearly found a good home! it was so tough to get any solid information out of seller - he simply wasn't that knowledgeable about 928s - it made it tough to ascertain condition and value. in the end, i just couldn't up my offer without more confirmation and lost out because of it. long term, this will be a good buy! good luck and keep us posted on the project. and, if you ever want to sell... 
03-29-2016, 10:36 AM
#35
Instructor
So far, so good. I keep finding little things that it needs but since I am gutting the green car I have the spares easily available. The seller is a car guy but not a 928 guy. I ran into the same information issue but since I was passing through Utah on vacation, I was able to see the car in person and fill in the blanks. while I was there we adjusted the idle and that resolved the panic lights on the dash after a quick rev. As soon as I get my brother's car off the lift I will be able to take care of the low hanging fruit, fluid changes, clutch...
I'm going with the "get them while you can" mindset. Even if they don't go up in market value, they have value to me so I am happy.
Had a police officer come to do the VIN verification last night, after the 10 minutes of verification we had a 30 minute Porsche chat. He is more of a 356 and 911 guy but after getting a close look at the 928 I think that he might be sold on them.
I'm going with the "get them while you can" mindset. Even if they don't go up in market value, they have value to me so I am happy.
Had a police officer come to do the VIN verification last night, after the 10 minutes of verification we had a 30 minute Porsche chat. He is more of a 356 and 911 guy but after getting a close look at the 928 I think that he might be sold on them.
03-29-2016, 03:38 PM
#36
Nordschleife Master
03-29-2016, 04:51 PM
#37
Three Wheelin'
I think the converting will be easier all the time. It's not like anyone can easily get into a 356 or air cooled 911at this point. Hell, the 912's are morbidly overpriced now just to get in line to make 911 clones. IMHO. Saw a 912 the other day on fleabay...wasn't even a roller, it was a bombed out pile exterior parts piled up into the shape of a 912... Asking nine grand.