928 Values - 32k mile 86.5 on BAT - SOLD $52,000
Thats a good entry price to "really pristine 928" IMO
Great price for a special 928!
Those of you that have been in it for awhile, I hate to break it to you, but the secret 928 society is no more. Buyers are understanding the desirability of our cars and are paying the entry fee.
Congrats to both buyer and seller - Nice job BC!
Those of you that have been in it for awhile, I hate to break it to you, but the secret 928 society is no more. Buyers are understanding the desirability of our cars and are paying the entry fee.
Congrats to both buyer and seller - Nice job BC!
Yes our little cult is being overrun by collectors.....and speculators. Most of whom have little interest in wrenching on them or even driving them very much. Not that there is anything wrong with that. They do tend to seek out special, rare, low odometer and original cars which still leaves the hobby buyer lots of options....
The rise in values does help in justifying the cost of care and feeding a 928
Remember that being collectible and rare and selling for a lot of money does not mean it was a great car, just that people WANT IT !!
The rise in values does help in justifying the cost of care and feeding a 928
Remember that being collectible and rare and selling for a lot of money does not mean it was a great car, just that people WANT IT !!
Yes our little cult is being overrun by collectors.....and speculators. Most of whom have little interest in wrenching on them or even driving them very much. Not that there is anything wrong with that. They do tend to seek out special, rare, low odometer and original cars which still leaves the hobby buyer lots of options....
The rise in values does help in justifying the cost of care and feeding a 928
Remember that being collectible and rare and selling for a lot of money does not mean it was a great car, just that people WANT IT !!
The rise in values does help in justifying the cost of care and feeding a 928
Remember that being collectible and rare and selling for a lot of money does not mean it was a great car, just that people WANT IT !!It's rare, beautiful, collectible, and the finest GT car of its time....
I think that examples of the 928 will become very desirable and very expensive....and that will drag the bottom feeders along, to a certain extent.
One of the things that one needs to keep in mind, is that restoring a 356 or an early 911 is super simple....because they are super simple cars.
928s are more complex and require a whole bunch more pieces.....when those pieces disappear....cars that already have the pieces or have already been restored will be very desirable.
The bottom feeders may not be able to be restored, simply because of the lack of pieces.
There could end up being a very sharp line between the two examples....unlike what has happened with the 356 and 911 models....where anything can be restored.
Yes our little cult is being overrun by collectors.....and speculators. Most of whom have little interest in wrenching on them or even driving them very much. Not that there is anything wrong with that. They do tend to seek out special, rare, low odometer and original cars which still leaves the hobby buyer lots of options....
The rise in values does help in justifying the cost of care and feeding a 928
Remember that being collectible and rare and selling for a lot of money does not mean it was a great car, just that people WANT IT !!
The rise in values does help in justifying the cost of care and feeding a 928
Remember that being collectible and rare and selling for a lot of money does not mean it was a great car, just that people WANT IT !!I don't know why, but I feel like BC's car makes it official somehow.
That was the day the market adjusted itself. I feel like we been saying it for years now, waiting for the rest of the world to recognize the car's true value.
Part of the REASON why there are so few low miles 928s is they are GREAT DRIVING cars there are numerous examples with 200,000 or more miles. Unlike some of the more exotic or simply less comfortable collector cars (best suited for display only
) Porsche designed and built the very best sports car they could at the time and hoped that people would buy it.
It however did not sound like a Porsche , look like a Porsche , drive like a Porsche ( a very good thing ) but fast forward nearly four decades and it seems to fit in quite well with the other "modern" Porsches....quite well indeed !! Now that water cooled is not a four letter word.....
) Porsche designed and built the very best sports car they could at the time and hoped that people would buy it. It however did not sound like a Porsche , look like a Porsche , drive like a Porsche ( a very good thing ) but fast forward nearly four decades and it seems to fit in quite well with the other "modern" Porsches....quite well indeed !! Now that water cooled is not a four letter word.....
Saturday before last interest was incredibly high at Katie's Cars & Coffee. I had people that couldn't stop asking questions and people who cam back several times and looked the car over like an inspector, but never said a word. I had one who was bemoaning that he has missed the opportunity to find a deal. He couldn't believe what I paid just three years ago. Another guy bought one new back in 87 when he lived in San Diego and working in the aerospace industry. He wished he'd never sold it, but admitted that back then without forums like this one he was forced to take the car to the shop for service. So he sold it when the problems became too frequent and annoying.
BC brought a special one to market, and the outcome really made me pause and realize all the rising value talk is no longer wishful banter. It's a double-edged-sword. If I sold my car today, I wouldn't be able to buy it back...ever again. The things that seem to really be appreciated today are 1) The 928 was far ahead of its time, 2) Was the greatest GT of the 80's, and 3) Nice examples are very rare. All of this, plus some recent good press and auction data points, have had a huge effect in even the past 18 months. I can't pump gas without someone starting a conversation.
I was offered $20K at Katie's. I sensed the guy knew his offer was strong for my car's condition, auto, and miles - and he knew in a year or two he'd get his money back. Last summer I'd have said "sold". Not anymore, and not just because I think it will continue to rise. Listening to the guys groaning about missing out on the days when 928s were cheap made me realize my 928 days are over if I sell it.
BC brought a special one to market, and the outcome really made me pause and realize all the rising value talk is no longer wishful banter. It's a double-edged-sword. If I sold my car today, I wouldn't be able to buy it back...ever again. The things that seem to really be appreciated today are 1) The 928 was far ahead of its time, 2) Was the greatest GT of the 80's, and 3) Nice examples are very rare. All of this, plus some recent good press and auction data points, have had a huge effect in even the past 18 months. I can't pump gas without someone starting a conversation.
I was offered $20K at Katie's. I sensed the guy knew his offer was strong for my car's condition, auto, and miles - and he knew in a year or two he'd get his money back. Last summer I'd have said "sold". Not anymore, and not just because I think it will continue to rise. Listening to the guys groaning about missing out on the days when 928s were cheap made me realize my 928 days are over if I sell it.
Do hope the 928 beauty above really did sell for that amount. Is there a way to know ? There are cars sold on E-bay (shill/buddy bidder's ?) that miraculously reappear for sale a week again a week or two later by the same seller. T





