928s for Sale
11-02-2021, 08:55 PM
#9421
Three Wheelin'
I get it…. It’s not a 5 speed… not low miles… not original… The only cars getting high dollars, six figures, are all original, low mileage, collectible cars… as it SHOULD be. Those are the ONLY cars whose prices are skyrocketing. Based on mileage alone, I know this car was never, and never will be, a “collector car” but I’m not asking for anything approaching collector car prices. My car is a Euro and in better condition than 90% of the 928s in existence - that’s worth something. My reserve was WELL below $35K and it’s frustrating to have the auction house lowball your reserve. Maybe someday a we’ll sorted 928 will appreciate more than a worn out “air cooled” VW based 911 or entry level 914. Until then, we might as well keep driving & enjoy the cars. It is what it is…
11-02-2021, 09:48 PM
#9422
Addict
Rennlist Member
Rennlist Member
I get it…. It’s not a 5 speed… not low miles… not original… The only cars getting high dollars, six figures, are all original, low mileage, collectible cars… as it SHOULD be. Those are the ONLY cars whose prices are skyrocketing. Based on mileage alone, I know this car was never, and never will be, a “collector car” but I’m not asking for anything approaching collector car prices. My car is a Euro and in better condition than 90% of the 928s in existence - that’s worth something. My reserve was WELL below $35K and it’s frustrating to have the auction house lowball your reserve. Maybe someday a we’ll sorted 928 will appreciate more than a worn out “air cooled” VW based 911 or entry level 914. Until then, we might as well keep driving & enjoy the cars. It is what it is…
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jbrob007 (11-02-2021)
11-02-2021, 11:11 PM
#9423
Rennlist Member
Not sure why you tagged me here but I guess I'll respond. Your car is very cool, but the fact remains it's not stock, has 140,000 miles on it and is an automatic.
The mileage alone has serious affects on the value, regardless of how it was restored or the condition it's in. Quite frankly most in the collector car world don't consider any car with 50k - 60k miles collectable (over 20k if it's Italian)
We can sit here all day long until we are blue in the face screaming how well built these cars are and why miles don't matter, but the collector car world isn't listening & doesn't care.
Take the 78 Rob sold. All things being equal, had the mileage been 150,000 instead of 50,000, no way it would have sold for that much. Not even close.
Then you add the fact that your car isn't stock, yes I'm fully aware of the "Retro-Rod" movement with muscle cars that sell for big money, those are not 928's. Also with that market, the idea is to upgrade as much as possible to increase the overall performance of the car without taking away from the classic lines. A "retro-rod" 84 928 would have upgraded suspension, brakes, engine etc.... while retaining the stock look. That's what I'm doing with my 80, not to increase the value, but because I want to.
There might be someone out there who has the money and feels your car is worth every penny of $40k. I'm not saying it shouldn't be worth that much, I'm just saying I understand where Cars & Bids is coming from. The trick with selling a custom car (or any car) for top dollar is you have to find that one person and you don't know where they are looking.
Four of my five 928's are modified so I'd love to see your car sell for $40k or more.
Here's what a $45,000 recently sold 84/85 EuroS looks like
https://bringatrailer.com/listing/1985-porsche-928s-49/
The highest priced 16V automatic on BAT has under 85,000 miles:
https://bringatrailer.com/listing/19...8-s-euro-spec/
The mileage alone has serious affects on the value, regardless of how it was restored or the condition it's in. Quite frankly most in the collector car world don't consider any car with 50k - 60k miles collectable (over 20k if it's Italian)
We can sit here all day long until we are blue in the face screaming how well built these cars are and why miles don't matter, but the collector car world isn't listening & doesn't care.
Take the 78 Rob sold. All things being equal, had the mileage been 150,000 instead of 50,000, no way it would have sold for that much. Not even close.
Then you add the fact that your car isn't stock, yes I'm fully aware of the "Retro-Rod" movement with muscle cars that sell for big money, those are not 928's. Also with that market, the idea is to upgrade as much as possible to increase the overall performance of the car without taking away from the classic lines. A "retro-rod" 84 928 would have upgraded suspension, brakes, engine etc.... while retaining the stock look. That's what I'm doing with my 80, not to increase the value, but because I want to.
There might be someone out there who has the money and feels your car is worth every penny of $40k. I'm not saying it shouldn't be worth that much, I'm just saying I understand where Cars & Bids is coming from. The trick with selling a custom car (or any car) for top dollar is you have to find that one person and you don't know where they are looking.
Four of my five 928's are modified so I'd love to see your car sell for $40k or more.
Here's what a $45,000 recently sold 84/85 EuroS looks like
https://bringatrailer.com/listing/1985-porsche-928s-49/
- 30,000 miles
- Stock
- 5-speed
The highest priced 16V automatic on BAT has under 85,000 miles:
https://bringatrailer.com/listing/19...8-s-euro-spec/
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11-03-2021, 02:01 AM
#9425
Rennlist Member
My 84 S 5 speed has here in germany a value from ~ 30.000 €. Big brakes, Turbo seats , no sunroof GT transmission. Also 140.000 miles.
Car is a 2 on a scala from 1 - 6. 1 is best.
Valued from a TÜV engineer.
Car is a 2 on a scala from 1 - 6. 1 is best.
Valued from a TÜV engineer.
11-03-2021, 07:42 AM
#9426
Rennlist Member
Really, the market values very few cars; there are only a handful that have more than a moment in the sun (or 15 minutes of fame), and it doesn't look like the 928 is ever going to be one of those cars. 70s car values have already peaked, even 911s have plateaued. The 'Risky Business' car is going to be the high water mark for decades, and, as I showed with the math above, even Rob's $105k wasn't a great deal. From a lifetime cost of ownership perspective, he didn't come close to breaking even.
Drive your cars, enjoy them, value them for what they are to you, not what they'll get from someone else.
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slownrusty (11-03-2021)
11-03-2021, 12:14 PM
#9427
Archive Gatekeeper
Rennlist Member
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as I showed with the math above, even Rob's $105k wasn't a great deal. From a lifetime cost of ownership perspective, he didn't come close to breaking even.
Of course, if I add up all the costs of playing with 928s since 2006, maybe if I sold my stroker GTS and all my hoard (horde?) of parts I might break even. But I doubt it.
I completely agree that this should be about the enjoyment- if you're not having fun, you're doing it wrong. But I disagree that 928 values have peaked- It would take a while to cull all the data to actually graph it, but I'm pretty sure that the regression line through these 332 real-world sale results has a positive slope.
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11-03-2021, 01:13 PM
#9428
Rennlist Member
I don't think values have peaked, but I don't believe they'll ever skyrocket. They'll continue to creep up in value as Gen X starts buying the cars we wanted when we were kids.
However, I predict the average value WILL peak within the next 10 years.
Last edited by Shawn Stanford; 11-03-2021 at 01:17 PM.
11-03-2021, 10:41 PM
#9429
Administrator - "Tyson"
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Increasing 3-4 times in value over a few short years is skyrocketing in my book, considering cars are typically a depreciating asset. Buying something you expect to lose money in the long run, and after a couple of year you can sell if tor 4 times what you paid.....most folks would agree that's a significant increase in value.
The days of buying a nice S4 for $7k are long over (unless everything crashes). Those are now $15k - $20k cars (or more if they are 5-speeds).
We've seen multiple GTS's and now a 78 sell for six figures. Go back to 2015 and make a post about such values and you would have been laughed off the forum.
At this point is silly semantics. I guess to some folks prices haven't gone up significantly unless every basket case POS rusted out field 928 is worth half a million??
Hell, even the diecast version have shot up 400%
https://www.ebay.com/itm/18499724576...0AAOSwrKNhFufJ
Peak / no peak - might as well be trying to time the stock market at this point. 928's have finally caught the eye of overall enthusiast market, and that is awesome.
11-04-2021, 07:35 AM
#9430
Rennlist Member
But let's check back in 10 years and see where we're at.
11-07-2021, 02:34 PM
#9431
Administrator - "Tyson"
Lifetime Rennlist
Member
Lifetime Rennlist
Member
Good example of 928's being undersold in this market. This color combo, 5-speed, condition, 79k miles etc... is worth way more than $12,000
But the ad is horrible, pictures are bad and the car needs a good detail. Seller is focusing on the negative instead of keeping things positive. "Interior 5/10" not even close....
This is a great car to buy cheap, put a grand or two into it cleaning it up and flip for $17k - $20k. The right dealer on BAT could get good money for this car.
https://www.facebook.com/commerce/li...56330253133441
But the ad is horrible, pictures are bad and the car needs a good detail. Seller is focusing on the negative instead of keeping things positive. "Interior 5/10" not even close....
This is a great car to buy cheap, put a grand or two into it cleaning it up and flip for $17k - $20k. The right dealer on BAT could get good money for this car.
https://www.facebook.com/commerce/li...56330253133441
11-07-2021, 03:41 PM
#9432
Good example of 928's being undersold in this market. This color combo, 5-speed, condition, 79k miles etc... is worth way more than $12,000
But the ad is horrible, pictures are bad and the car needs a good detail. Seller is focusing on the negative instead of keeping things positive. "Interior 5/10" not even close....
This is a great car to buy cheap, put a grand or two into it cleaning it up and flip for $17k - $20k. The right dealer on BAT could get good money for this car.
https://www.facebook.com/commerce/li...56330253133441
But the ad is horrible, pictures are bad and the car needs a good detail. Seller is focusing on the negative instead of keeping things positive. "Interior 5/10" not even close....
This is a great car to buy cheap, put a grand or two into it cleaning it up and flip for $17k - $20k. The right dealer on BAT could get good money for this car.
https://www.facebook.com/commerce/li...56330253133441
11-07-2021, 07:11 PM
#9433
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Good example of 928's being undersold in this market. This color combo, 5-speed, condition, 79k miles etc... is worth way more than $12,000
But the ad is horrible, pictures are bad and the car needs a good detail. Seller is focusing on the negative instead of keeping things positive. "Interior 5/10" not even close....
This is a great car to buy cheap, put a grand or two into it cleaning it up and flip for $17k - $20k. The right dealer on BAT could get good money for this car.
https://www.facebook.com/commerce/li...56330253133441
But the ad is horrible, pictures are bad and the car needs a good detail. Seller is focusing on the negative instead of keeping things positive. "Interior 5/10" not even close....
This is a great car to buy cheap, put a grand or two into it cleaning it up and flip for $17k - $20k. The right dealer on BAT could get good money for this car.
https://www.facebook.com/commerce/li...56330253133441
11-08-2021, 08:40 AM
#9434
Rennlist Member
This is it in a nutshell. Most of the guys selling these cars have zero sense for what it takes to sell something, or they are just lazy. Like selling a car that sits in a garage, surrounded by kids bikes, or failing to do a simple interior vac and detail, or wiping off the big surfaces in the engine bay, not to mention the bad grammer and general lack of sense in how to describe what you have. These cars do not sell themselves. And make no mistake, Rob worked hard for the 6 figure price on the 78 petrol car. All of our cars are capable of garnering more money, just by working a little bit more at it, and studying how successful high dollar sales get to be what they are.
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jbrob007 (11-08-2021)