In a recent post of a 928 GTS there was a comment wondering about their pricing relative to that of one of its not-too-distant predecessors the 928 S4. It’s a good question to ask if you’re looking at the 928 in general as the value of a GTS is significantly higher than any other 928 out there. Heck, the GTS has shown higher values than even a few of the turbocharged 911s from similar periods. Before considering one you do need to know what you’re getting into.
Why the GTS is so much more expensive is pretty straightforward: they’re quite rare and they are the last of the 928s. They also are arguably the best looking 928, though I’m not sure that really has a huge impact on value. For the buyer thinking about an investment and long-term value a GTS probably is the way to go, assuming you can afford that initial cost of entry. However, if you want to drive and enjoy a 928, or simply don’t have $100K to spend on a ’90s Porsche, then one of the earlier models provides nearly as much performance for far fewer dollars.
Case in point: this 1988 Porsche 928 S4, located in New Mexico, with 117,456 miles and the desirable 5-speed manual transmission. Unlike just about every 928 GTS this S4 is up for auction with no reserve and bidding sits at only $8,100. That’s a much easier pill to swallow.
The manual-transmission Grand Prix White 928S4 we featured back in September is back up for sale, this time as a reserve auction. Last time it was listed with a Buy It Now of $39,900 and failed to sell, which should give us some insight regarding where a possible reserve for this auction may lie. Bidding sits currently at $17,600 so we’ll have to see whether it can reach its reserve.
The below post originally appeared on our site September 23, 2014:
I can’t remember the last time I wrote up a 928, which is a fault of mine and not of the cars, but it is about time I turned my attention back to Porsche’s great GT. The 928 was with us for nearly 20 years and looking back across the range you see a gradual reshaping and evolving form, but without significant variation until you compare the first to the last. I can imagine that when first introduced they were a stylistic revelation. By the end of their run the shape certainly had changed but it was always identifiable as a 928. Of course, this is sort of what Porsche does: continually refine a design rather than implement dramatic changes. I digress, the example we see here comes from the middle of the 928’s life, a Grand Prix White 1987 Porsche 928S4, located in Oregon, with just 29,820 miles on it. The S4 featured a 5.0 liter V8 up front producing 316 hp delivered to the rear wheels via a 5-speed manual or 4-speed automatic transmission. The car featured here has been been fitted with the very desirable 5-speed manual.
It’s sometimes interesting to consider what might have been. Had the 928 superseded the 911 as Porsche’s flagship model, then would we still consider the marque the way in which we do today? Perhaps the 911 would have become an even more hardcore machine primarily restricted to variants such as the GT2 and GT3 while the 928 became an exquisitely refined GT in a vein similar to an Aston Martin. Might Porsche have become a niche vehicle like the Aston as well? Who knows? What we do know is that production of the 928 spanned nearly 20 years and encompassed parts of three decades. Furthermore, remarkably, it remained reasonably similar throughout the model’s life, especially in its appearance. It is a testament to the original design that so few refinements were even necessary and the 928 still looks good today! The car featured here is a fairly low mileage 1991 Porsche 928 S4 located in California. The 928 S4 was produced from 1987-1991 and featured a 5.0 liter V8 delivering 316 hp to the rear wheels. For the final two years of its production the S4 was only offered with a 4-speed automatic as the 928 GT essentially became the sport version of the 928 and replaced the manual version of the S4.