Ending Soon: What We’re Watching

Ending Soon: What We’re Watching

Last week’s What We’re Watching post seemed to be a hit, so I’ve lined up another group of auctions. This time, they’re all affordable no reserve classics (or soon to be?). Care to wager on what each will sell at? Let’s start with a 5-speed Euro Porsche 928.

Click for Details: 1981 Porsche 928

It’s far from perfect, but here’s a 1981 Porsche 928 5-speed in Euro trim. The BBS wheels might look more at home on an early E39 540i, the paint is tired and the engine hasn’t run in some time (and what the heck is up with that shifter surround???) but hey, at time of writing the whole package can you yours for $3,000. Certainly it’s worth at least that in parts?

Click for Details: 1960 Volkswagen Bus

I said “affordable”, right? Well, with VIN tags of 23 Window Sambas selling for upwards of $11,000, this no reserve auction on a lovely restored ’60 seems like a deal. The color combination and condition are spot on, and it will be interesting to see where it ends.

Click for Details: 1993 BMW 740iL

Back to great values, and this 1993 BMW 740iL seems ready to please. It’s got lower mileage, the great E32 shape, a nice color combination and very good overall condition. Usually the big money has been reserved for the follow-up E38, so I think someone will get a great deal on this very nice ’93.

Click for Details: 1988 BMW M5

There’s been a lot of speculation on the 80s BMW M market, so seeing a no reserve auction on an M5 is both rare and offers us the chance to litmus test the market. Usually the cars that come up in no reserve format aren’t the nicest ones out there, but this one generally looks great.…

1980 Porsche 928

1980 Porsche 928

When I was about my son’s age (he’s just turned 5, amazingly), my father took me to the Porsche dealership. Rows of new arrivals from Zuffenhausen lined up, a cornucopia of Easter egg-colored speed machines. In 1983, the low, organic, flowing shapes of the 911 and 944 stood in vast contrast to the bulk of three-box designs that proliferated the marketplace. But there was one shape that really stuck out to me – the 928.

In 1983, Porsche hadn’t yet abandoned its hope that the 928 would ascend to the top of the Porsche model lineup, and because of this I don’t remember seeing any 928s outside. Where I did see them was inside the showroom, where I distinctly remember one residing. My father was taken by the 911 (still is, to this day), and perhaps it was a father-versus-son stereotypical response, but the air-cooled model looked old and antiquated. The 928 was, both literally and figuratively, the antithesis of the 911. Water-cooled, front-engined, Grand Touring. It looked like a spaceship both inside and out. Clearly, this was the future I was witnessing.

Yet the 928, for all its press and relative market success, never caught completely on. It was never able to wrest the crown from the 911 as the signature model for Porsche. But what is perhaps most surprising to me is that it is one of the few cars that today, over forty years gone from its design phase, that unlike basically every other car model produced in the 1970s and 1980s, it still looks futuristic today. Okay, admittedly, the plastics have aged, tiny wheels with big, comfy side walls are no longer the norm and flush-fitted windows, lights, locks and antenna would clean the design up significantly. But compare this design to a few contemporaries, for a moment – the 1976 Chrysler New Yorker, the Toyota Cressida, or the Fiat 128.

1988 Porsche 928S4

1988 Porsche 928S4

This actually is a revisit of sorts. Nearly three years ago, Paul featured this Black 1988 Porsche 928S4 with Burgundy interior. Now it’s back up for sale. Not much has changed. The mileage has increased by fewer than 1,000 miles and the condition looks more or less the same. Based upon where bidding on the previous auction left off the price does not appear to have changed much as well. It’s even been consigned to the same seller so I guess the buyer thought they did a good job. For such a nice color combination and pretty reasonable mileage this looks like a pretty promising 928!

CLICK FOR DETAILS: 1988 Porsche 928S4 on eBay

Year: 1988
Model: 928S4
Engine: 5.0 liter V8
Transmission: 4-speed automatic
Mileage: 56,715 mi
Price: Reserve Auction (Buy It Now $29,500)

Goodman Reed Motorcars

805-202-4557

Offered for sale is a striking, 56k mile, mechanically strong 1988 Porsche 928 S4, finished in menacing and factory correct Black over Burgundy leather. Ordered new by its original owner in New York, he would own the car for more than a decade, always keeping it garaged and maintained and using it sparingly (only accumulating 37k miles by 1999). The car made its way out to the West Coast in 2002, where it continued to be used as a weekend driver. We first acquired the car in 2014 and subsequently sold it to a buyer in New Jersey. In the ensuing two plus years, he put less than 1k miles on the car before asking us to sell it again on consignment, a decision precipitated only by a recent move and a lack of proper storage. Consequently we know the car well and can confirm that the 56k miles showing on the odometer are correct, documented by the car’s clean Carfax report and stamped service booklet.

1994 Porsche 928GTS – 5-speed

1994 Porsche 928GTS – 5-speed

When discussing 911s I’ve written at times about what I can best describe as a car’s “presence.” That command of an audience that certain cars possess, but not in the manner of supercar audacity. Many cars attract attention because they look wild. Not so a 911 (perhaps the GT3RS excepted). Yet older models do turn heads and among 911 fans their varying levels of presence stands out. It is subjective, certainly, but I think it’s still a quality we can all understand.

The 928, even though one has not been produced in over 20 years, certainly possesses that sort of presence. Heck, on those very rare times when I see one I try to take as much time to look at it as I can. The design seems so beyond its era, yet not even particularly modern. It’s just a great design that works in a variety of time periods and still looks fresh today. Here we have one from very near the end of their 17 years of production, and it also happens to be one of the very rare manual transmission examples on the market: a Slate Grey Metallic 1994 Porsche 928GTS, located in Texas, with 88,454 miles on it.

CLICK FOR DETAILS: 1994 Porsche 928GTS on eBay

1982 Porsche 928 5-speed

1982 Porsche 928 5-speed

I’m going to shift gears a little and step over to the front-engine side of the Porsche lineup. We have a couple excellent guest contributors who feature the best and most interesting of Porsche’s front-engined cars so any time I wade into this territory it’s really just with a sense of “hey, I like this car, it looks good and the price doesn’t seem too bad, why not feature it.” So, I like this 928! It looks good and the price doesn’t seem too bad! Here we have a Black Metallic 1982 Porsche 928, located in Tennessee, with Brown interior, a 5-speed manual transmission, and only 54,698 miles on it. It’s said to be in entirely original condition and with good documentation and if those two points both check out it looks like a nice option for a fairly early example of Porsche’s V8 Grand Tourer.

CLICK FOR DETAILS: 1982 Porsche 928 on eBay

1979 Porsche 928

1979 Porsche 928

Ah, the ’70’s. The decade of plaid pants, platform shoes, ill-fitting floral shirts, and green-on-green Porsches. This Porsche 928 stood out to me for a variety of reasons, not the least of which is that quintessentially ’70’s color combination of Oak Green Metallic on Olive Green. That a car could be so monochromatically green is offensive enough, but that the interior and exterior are different shades is just nauseating. It captures the vibe of the decade perfectly.

Then there’s the location. This is the only 928 I’ve ever come across that has lived its entire life in North Dakota. Sold new on February 7th, 1979 by Valley Imports in Fargo, the car remained in the area until at least 2004. I have to wonder if the original owner opted for the $500 “True Coat” option eagerly pushed by famous car salesman Jerry Lundegaard. Anyhow, the color combo and the geographic location of the car are striking, but that’s not all that stood out.

CLICK FOR DETAILS: 1979 Porsche 928 on eBay

1994 Porsche 928GTS

1994 Porsche 928GTS

Has it really come to this? It has been a little while since I’ve taken serious notice of the 928 market, but I still would not have expected to see these sorts of prices. Granted these remain fantastic Grand Tourers and with the ’94 and ’95 model years you’re getting the most advanced version Porsche produced, and the last true GT Porsche has produced. The styling is timeless and only showed a gradual evolution over the model’s nearly two decades of existence culminating in the graceful curves of the GTS we see here. They’re beautiful and wonderful performers and the market appears to have really taken notice. This Grand Prix White 1994 Porsche 928GTS, located in Missouri, sits with only 16,129 miles on it and is said to be the only white GTS produced with a Tan interior. I can’t verify the veracity of that claim, but we do come across a Tan interior pretty rarely with these so even if there is more than one the overall numbers are sure to be low.

CLICK FOR DETAILS: 1994 Porsche 928GTS on eBay

Motorsports Monday: 1986 Porsche 928S LS1

Motorsports Monday: 1986 Porsche 928S LS1

I’m a big fan of unusual track cars. I’m not sure why entirely, but there is some satisfaction in taking the path less traveled, perhaps. Maybe it’s just having something a little different than the norm. If you wanted to go to the track with a V8, there are any number of possibilities from Mustang to Mercedes. If you wanted to go to the track in a Porsche, 911s, Boxsters, Caymans and 944 Turbos abound. But to combine the two? Well, that means 928, and traditionally speaking, the 928 hasn’t been a great track car even though one raced at Le Mans in 1983. Complicated, heavy, expensive and well, old, the 928 doesn’t immediately strike you as an ideal track attacker. But what if you swapped in a 400 horsepower LS1? They do call it the “German Corvette”, after all…

CLICK FOR DETAILS: 1986 Porsche 928S LS1 on eBay

1990 Porsche 928GT

1990 Porsche 928GT

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There exists a wide range of “degrees of provenance” that collectible cars carry with them. On one end of the scale there are barn finds with virtually no recorded documentation, and at the other end there are the low mileage weekend drivers fastidiously maintained by a single owner over a long period of time. In regards to cars like the Porsche 928, the former is more common than the latter. Perhaps the most special are the latter when owned by a well-known enthusiast. This 1990 Porsche 928 GT is one of those rare and special cars. Originally owned by Rob Burrell, a well-respected member of the 928UK community, this 928 remained in the hands of its original purchaser for 24 years. In a letter to the 928UK community, Burrell stated that this 928 was the best car he has ever owned, without question (further mentioning that it had stiff competition from several other Porsches, a Ferrari, and a Lamborghini).

Burrell sold the car to an enthusiast who held onto it until late 2015, when he put it on consignment at Dick Lovett Ferrari. I am uncertain whether or not the car ever sold, but it is now advertised again by the same dealership for the same price. That price is substantial, too… £74,990, roughly equivalent to $98,570. I don’t follow the UK market for 928’s very closely, so I will withhold judgment on whether or not this is a reasonable figure.

CLICK FOR DETAILS: 1990 Porsche 928GT at Dick Lovett Ferrari

1994 Porsche 928GTS

1994 Porsche 928GTS

The market for collectible Porsches seems to have stagnated in recent months. Uncertainty about the economy, the grim future of monetary policy, and the fickleness of the stock market make illiquid assets such as collectible cars seem riskier now than in recent history. As a result, values of rare Porsches such as the 928 GTS have remained static over the summer.

Sporting the classic Guards Red on Black color combo, the 928 GTS featured here is one of several listed on eBay. With prices ranging from $49,000 to $120,000, this car is one of the lower-priced and higher-mileage GTSs on eBay. All of the available cars are fitted with automatic transmissions. Examining the 928 Registry reveals that this car has had several owners, and has resided in the states of Oklahoma, Arkansas, Kansas, Florida, and Washington. A Google search of the vin uncovers a recent eBay advertisement for the car when it was listed for sale by owner in Arizona with an asking price of $55,000. Given the information available online, it’s obvious that this car has been around, but it has fortunately spent the majority of its time in dry southern climates.

CLICK FOR DETAILS: 1994 Porsche 928GTS on eBay

1979 Porsche 928 with 29k miles

1979 Porsche 928 with 29k miles

You won’t get something if you don’t ask for it. The seller of this 1979 Porsche 928 must be a firm believer in that aphorism, as their asking price is certainly a record breaker for an American spec 928 of this vintage. We’ve seen 928’s follow an upward value trend that seems to have become characteristic of quondam Porsches. More specifically, we saw a 1995 GTS fetch a record breaking $132,000 at an Amelia Island auction in March, placing it $32,000 over its highest estimated sale price. It was one of the few cars that sold for above any of its estimates. Many people were surprised by this, but it wasn’t entirely unexpected to those of us “in the know.”

This car appears to be pretty well presented, and wears a popular and very saleable black/tan color combination in the form of Schwartz paint and Cork interior. The paint is described by the seller to be totally original, but I’d like to see some paint thickness gauge readings as confirmation. With 29,000 miles, this is certainly one of the lower-mileage early cars out there, and the cosmetic condition appears to be commensurate with the low mileage.

CLICK FOR DETAILS: 1979 Porsche 928 on eBay

1988 Porsche 928S4 5-Speed Manual

1988 Porsche 928S4 5-Speed Manual

Value among Porsches isn’t always easy to find, especially if your typical checklist mostly is filled with a variety of 911s. But once we venture away from Porsche’s rear-engine icon we discover quite a bit more performance value for your money. For those who’d still prefer a healthy dose of the marque’s famed refinement and luxury to go along with that performance, the 928 can step in to handle all of those roles. Granted, prices do go up a bit with these relative to the rest of the front-engine Porsche lineup, but within the second-hand market we generally remain in reasonable price territory so long as we stay away from the 928 GTS. One of the best non-GTS examples is the 928S4, which still packs a healthy 320 hp and 316 lb-ft of torque and when equipped with a 5-speed manual like the one we have here, they serve the role of performance GT quite well. Here we have a really nice looking Black 1988 Porsche 928S4, located in Houston, with a Light Grey leather interior and just 26,262 miles on it.

CLICK FOR DETAILS: 1988 Porsche 928S4 on eBay

1991 Porsche 928GT

1991 Porsche 928GT

It’s been a while since my last GCFSB article, but I figure that this beautiful 1991 Porsche 928 GT is worthy of a writeup, so here goes. As we all know, mint Porsche 928’s, especially GTS’s, have been in demand for a while now. In fact, pristine 928 GTS’s were fetching 6 figures a few years before mediocre 993 TT’s rose beyond that proverbial barrier. Though slightly less desirable than the later GTS’s, 928 GT’s have fetched respectable figures at auctions. I can recall two selling for greater than $50K at Mecum auctions. The car featured here is listed at the top of the 928 GT market, and it will be interesting to see if it goes quickly at the asking price.

CLICK FOR DETAILS: 1991 Porsche 928 GT at Cars Dawydiak

1989 Porsche 928S4

1989 Porsche 928S4

There are a few dealers out there who seem to consistently defy the odds. It seems that every week they turn up with an improbably good condition, improbably low mile rare to find vehicle for sale. One in particular has been the subject of several cars we’ve featured – the eBay seller “european-cars”. The photography is always slick looking with the cars appearing to be near new. Since we search the web nearly every day and so do a lot of you, we’ve previously wondered aloud where some of these cars come from. Recently, I’ve been having a discussion with one of our readers when he sent in a few of this seller’s offerings. If everything on the surface is to be believable and the cars are as represented, then they really do appear to be some of the best examples on the market all focused in one dealer. Everything always works, there is little to no wear, and the cars are always reported to be garage kept and they are priced accordingly, usually right at the top of the value range for the models. The eBay feedback score is 100%, replete with dozens of stories of satisfied customers. Then, why are we always a bit weary when one of these listings pops up? Is it really too good to be true?

CLICK FOR DETAILS: 1989 Porsche 928S4 on eBay

1987 Porsche 928S4

1987 Porsche 928S4

We all know that not many pristine Porsche 928’s exist in today’s world, which really is a shame. As a victim of a reputation for being high maintenance, many 928’s have fallen into the hands of careless owners who often neglect big ticket maintenance items. The few pristine that do remain attract significantly higher values in the marketplace than their neglected counterparts, and for good reason. There’s a saying in the 928 world “it’s $10K away from being a $5K car.” Nobody wants to be the guy with the $5K car that cost him $10K, and the way to avoid that problem with a 928 is to invest in a good one from the beginning.

This car appears to be a very well maintained 1987 928 S4 fitted with the very desirable 5-speed manual transmission. Owned by a well-known enthusiast in the 928 world, this car is about as clean as they come. Additionally, it sports the highly desirable black-on-black color combo and has less than 40,000 miles. Combining the condition, manual transmission, color combo, low mileage, and the well-known ownership history equates to a very desirable 928 that should fetch a significant premium over examples lacking any of these variables.

CLICK FOR DETAILS: 1987 Porsche 928S4 on eBay