When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
I am just shocked at the 928 GTS market vs the 964/993 market. When I purchased my 93 GTS manual with 50k miles on it they were gold on the rise. I paid around $32k IIRC and it is all original paint. It now has 66k miles IIRC and seems that the standard 964 is out pricing these GTS's. My 93 964 C2 when I purchased it a few years after my GTS was barely worth $20k today at BaT pricing it can fetch well over $120k and it appears my GTS is only worth around $85-90k. My turbo was a $55k car all day long in the early 2000's today I am offered over a half million for it. I am not sure why the GTS market has stalled so much. Maybe since the 928 line up offers a very similar experience irrespective of the year and now people are grabbing cars that weren't even a consideration before at a fraction of the GTS price?
I don't think there is a way to rationally make a judgement about the market and where it is heading. I just bought what I liked and it has seemed to pay off.
Funny I thought cars went through the roof. I purchased 5 bottles of bookers cask strength Bourbon. One is from the early 2000's and is apparently now priceless the other I had 4 of and I purchased them in 2019 for around $70 a bottle. Apparently each year the blends change and so do values. the 2018-02 special release is now selling for around $5k at least asking price. ROI is amazing on somethings. I enjoyed the 3 and wish I had kept them but having the remaining two doesn't hurt. I have several others I paid nothing for that are now worth as much if not more. The problem is selling them. Crazy world we live in.
I am just shocked at the 928 GTS market vs the 964/993 market. When I purchased my 93 GTS manual with 50k miles on it they were gold on the rise. I paid around $32k IIRC and it is all original paint. It now has 66k miles IIRC and seems that the standard 964 is out pricing these GTS's. My 93 964 C2 when I purchased it a few years after my GTS was barely worth $20k today at BaT pricing it can fetch well over $120k and it appears my GTS is only worth around $85-90k. My turbo was a $55k car all day long in the early 2000's today I am offered over a half million for it. I am not sure why the GTS market has stalled so much. Maybe since the 928 line up offers a very similar experience irrespective of the year and now people are grabbing cars that weren't even a consideration before at a fraction of the GTS price?
I don't think there is a way to rationally make a judgement about the market and where it is heading. I just bought what I liked and it has seemed to pay off.
Funny I thought cars went through the roof. I purchased 5 bottles of bookers cask strength Bourbon. One is from the early 2000's and is apparently now priceless the other I had 4 of and I purchased them in 2019 for around $70 a bottle. Apparently each year the blends change and so do values. the 2018-02 special release is now selling for around $5k at least asking price. ROI is amazing on somethings. I enjoyed the 3 and wish I had kept them but having the remaining two doesn't hurt. I have several others I paid nothing for that are now worth as much if not more. The problem is selling them. Crazy world we live in.
I am just shocked at the 928 GTS market vs the 964/993 market. When I purchased my 93 GTS manual with 50k miles on it they were gold on the rise. I paid around $32k IIRC and it is all original paint. It now has 66k miles IIRC and seems that the standard 964 is out pricing these GTS's. My 93 964 C2 when I purchased it a few years after my GTS was barely worth $20k today at BaT pricing it can fetch well over $120k and it appears my GTS is only worth around $85-90k. My turbo was a $55k car all day long in the early 2000's today I am offered over a half million for it. I am not sure why the GTS market has stalled so much. Maybe since the 928 line up offers a very similar experience irrespective of the year and now people are grabbing cars that weren't even a consideration before at a fraction of the GTS price?
IMHO, as you all may know, it's all about market demand. 911 variants are everywhere in popular culture in movies, TV shows, advertisements, and road races. All that exposure builds up demand. Compare that with 928s where the only "movies" our cars were in date back to the '80's. With no one but ourselves are talking about and appreciating these cars--heck, I can't even get a 1:18 scale model of a 928 from Maisto or BBurago--the rest of the world has moved on. And it didn't help that the "factory" forgot about 928s--e.g., NLA parts--when it was apparent that it wasn't going to replace the 911 as the brand's savior. Fortunately, the "faithful"--e.g., "BIG Four"+GB--have saved us with their tireless efforts.
Personally, I LOVE my 1989 S4 (and all the upgrades I've done to it)! Will I get my money back from it if I sold it? Probably not. Will I enjoy it all the days of my life? Probably so. If you're lucky, you can like something that everyone else likes (and covets). But, if you like it, who cares what everyone else thinks. I only wish I had the opportunity to buy as many 928s as some of you did when they were a lot cheaper; but life didn't work out that way. So now, I guess I'll have to play "catch up".
Long live the SHARK...
Last edited by Instigator56; 11-08-2021 at 09:10 PM.
I don't know, the Risky Business 928 in its condition still brought $1.9M that tells me people still remember these cars. I have had several people interested in buying my GTS but I don't have any interest in selling at this time. I see a lot more interest in these cars than I ever have but market prices are still low in comparison. What 928 parts are NLA? The classic department has been doing a good job keeping up with demand for vintage parts. The big issue right now is supply chain disruption. I don't think Porsche will let what is happening to the other Marques of that era where parts are NLA permanently.
Yes, please list your car for sale. I am actively looking but haven’t been successful in finding one. I check this thread 3-5 times a day hoping somebody lists one.
Freman132 - Yes, to list the car on Rennlist, go to "Marketplace" at the top of the page, and go through the hoops there. Not sure there is a lot of traffic there, however Once you've posted there, you can post a link that that listing here on the Forum.
I appreciate your enthusiasm, but the vast majority of 928s - even nice ones like Joel's - aren't anywhere near even keeping up with inflation. Meanwhile, have you seen the prices for 90s Supras? But let's check back in 10 years and see where we're at.
Well here's an example of a car that probably only a year ago would have fetched $15K-18K max. A US 1982 w/ a 3-speed auto. Arguably one of the least desirable years. This car, while only having 68K miles on the clock, was not all original, Grand Prix white, and not detailed before taking the auction photos. And despite that it sold today for $36K. Wow.
Well here's an example of a car that probably only a year ago would have fetched $15K-18K max. A US 1982 w/ a 3-speed auto. Arguably one of the least desirable years. This car, while only having $68K on the clock, was not all original, Grand Prix white, and not detailed before taking the auction photos. And despite that it sold today for $36K. Wow.
I'm stunned, speechless, and kicking myself for taking 10k for a similar car a couple of weeks ago. This market is insane.
I started to bid on it last night but decided not to go any higher than $11k-$12k (I knew it would go higher because it’s BAT and those people have more money than sense) due to the mold/mildew all over the interior, and the quarter panel didn’t match color with drivers door, AND no historical documentation. Nobody was asking any good questions or requesting more detailed information. Lucky seller. I knew I was in trouble and would have to bow out early when CPQ joined in the bidding. They bought a $250k lambo and a $50k bmw last month. And bid to $322k on a Mercedes last month. Outta my league.
Well here's an example of a car that probably only a year ago would have fetched $15K-18K max. A US 1982 w/ a 3-speed auto. Arguably one of the least desirable years. This car, while only having $68K on the clock, was not all original, Grand Prix white, and not detailed before taking the auction photos. And despite that it sold today for $36K. Wow.
I was expecting this car to hit $20k, did not see $36k coming. That was all the money for an "OB" automatic with that mileage.
I love how this discussion has gone from 928's simply not worth anything to not keeping up with 911's and now inflation. This past week I picked up about $500 of bourbon. Sure if I put this $500 in the S&P and wait 40 years it will be worth way more money. I don't care, I want the bourbon.
Most folks buy cars for transportation / enjoyment of a hobby. We've reached a point where folks are actually recouping what they have into these cars and the simple idea of that ever happening was as far fetched as winning the lottery.
Will it last? If you can answer that question with any honestly you must also be able to time the stock market.
For those of us who have been watching / following the collector car market all their lives, this does feel a bit like the late 80's / early 90's. That was a fun ride. Enjoy it while it lasts I guess.
I was expecting this car to hit $20k, did not see $36k coming. That was all the money for an "OB" automatic with that mileage.
I love how this discussion has gone from 928's simply not worth anything to not keeping up with 911's and now inflation. This past week I picked up about $500 of bourbon. Sure if I put this $500 in the S&P and wait 40 years it will be worth way more money. I don't care, I want the bourbon.
Most folks buy cars for transportation / enjoyment of a hobby. We've reached a point where folks are actually recouping what they have into these cars and the simple idea of that ever happening was as far fetched as winning the lottery.
Will it last? If you can answer that question with any honestly you must also be able to time the stock market.
For those of us who have been watching / following the collector car market all their lives, this does feel a bit like the late 80's / early 90's. That was a fun ride. Enjoy it while it lasts I guess.
Rennlist wouldn't let me post unless I clicked on a post.
Although regarding Bourbon. I have many bottles in my cabinet I purchased I have not touched yet. I purchased them to drink. I usually buy rare blends for around $50-70 a bottle. I buy 2 try one if I like it I go back for more otherwise either way the second gets put into storage for future consumption with friends. I searched for 6 of these to see if I can find some more. Of the 6 bottles I looked at and I know these aren't the rarest as the rare ones you can't find pricing on period, the cheapest bottle I can find today was listed for $1350.00 the most expensive is now at over $5k most average around $2500 asking. My friend who owns the liquor store is looking into a couple which I purchased back in 2004 or so and said some of those could be auction worthy and worth in excess of $20k ea. I am in shock myself. I will eventually drink them all as I look at what I paid for them and I too purchased them to enjoy them. All in I paid around $400 for the 6 bottles today they would cost me over $10k to buy them the newest and most valuable purchased in 2019. A house I saw sell for $245k around the corner from me when I purchased mine in 99 just sold for $900k and the new owners are going to tear it down and build a McMansion. It makes me shake my head as where are things heading if this is the case.
I think the 928 community is holding itself back and cars like the 82 where not looked at fondly before and now we see such high numbers. The auction houses have a lot to do with these crazy prices. People seem to get carried away. I have seen it first hand at Gooding live when a friends 1992 turbo S sold for $2.2M a few years back. This is reminiscent of how it began with the 964 market but has escalated to a point that is beyond crazy. Cars I passed on 4-8 years ago are now up 500-600-700% or more.
A year ago a cobalt blue 964 C2 could barely sell for $65k today people are fighting over them at 6 figures. RSA sold for nearly $200k and 3.3T's which could barely sell for $110k last year are now over $225k. I think we are seeing some growth in the 928 market. It does have the disadvantage of being broken down into 2 main categories pre 86.5 and post as most see it. As where the air cooled seems to be broken down into 5 or so sub categories and people seem to search within a single category. I suspect if we don't keep our eyes open these will have gone crazy as they are still an affordable car to some. I picked up an early 83 944 for $1k 8 months ago and now I have people interested in it after a little work and it looks like I can get as much as $6k for it. I honestly had no interest in the car I just helped a friend out.
I think we will see the 928 market jump suddenly just be ready.
Hey lads I'm in my early 20s and I'm looking to get a nice analog car. I've been looking at maybe getting a 928, budget is 20k after including any maintainence/resto/etc that would need to be done. Y'all are saying auctions like BAT are terrible places to get classics at reasonable prices, where should I be looking instead?
Rennlist wouldn't let me post unless I clicked on a post.
I've seen that happen before, seems to be a very random issue.
Originally Posted by cobalt
Although regarding Bourbon. I have many bottles in my cabinet I purchased I have not touched yet. I purchased them to drink. I usually buy rare blends for around $50-70 a bottle. I buy 2 try one if I like it I go back for more otherwise either way the second gets put into storage for future consumption with friends. I searched for 6 of these to see if I can find some more. Of the 6 bottles I looked at and I know these aren't the rarest as the rare ones you can't find pricing on period, the cheapest bottle I can find today was listed for $1350.00 the most expensive is now at over $5k most average around $2500 asking. My friend who owns the liquor store is looking into a couple which I purchased back in 2004 or so and said some of those could be auction worthy and worth in excess of $20k ea. I am in shock myself. I will eventually drink them all as I look at what I paid for them and I too purchased them to enjoy them. All in I paid around $400 for the 6 bottles today they would cost me over $10k to buy them the newest and most valuable purchased in 2019. A house I saw sell for $245k around the corner from me when I purchased mine in 99 just sold for $900k and the new owners are going to tear it down and build a McMansion. It makes me shake my head as where are things heading if this is the case.
So you're saying our next trip needs to be New Jersey?
Originally Posted by cobalt
I think the 928 community is holding itself back and cars like the 82 where not looked at fondly before and now we see such high numbers. The auction houses have a lot to do with these crazy prices. People seem to get carried away. I have seen it first hand at Gooding live when a friends 1992 turbo S sold for $2.2M a few years back. This is reminiscent of how it began with the 964 market but has escalated to a point that is beyond crazy. Cars I passed on 4-8 years ago are now up 500-600-700% or more.
Auctions do create a bit of a frenzy, that's the point and the reason why it's the favored way to sell many things especially collectibles. In this crazy housing market I'm a bit surprised more realtors haven't gone the live auction route.
However, the frenzy of an auction isn't the only reason we're seeing these prices. What these big auction houses do and especially BAT is exposure. Many of the cars sold on BAT none of us would have known about if they were simply posted on a local or regional ad. I still talk to folks who toss up two blurry photos on Craigslist and wonder why their car isn't selling. The idea "The car will sell itself" is rarely true, these are emotional purchases that need to have as much exposure as possible.
#1 rule of selling? ABC - always be closing. From a sellers perspective, auctions are a great way to close a deal. Every time someone else puts in a bid, that's similar to a sales person using one of many tactics to get a customer to say "I'll take it!"
I think I'm going to watch Glengarry Glen Ross this weekend
11-08-2021, 10:38 AM
--the rest of the world has moved on. And it didn't help that the "factory" forgot about 928s--e.g., NLA parts--when it was apparent that it wasn't going to replace the 911 as the brand's savior. Fortunately, the "faithful"--e.g., "BIG Four"+GB--have saved us with their tireless efforts.
But let's check back in 10 years and see where we're at.
