I said previously that I’d try to pay a little more attention to the Porsche 928 so that’s what I’m trying to do. In truth I’ve featured this 928 before so technically this is a revisit. However, I wanted to shine a brighter light on it than the standard “hey look this one’s back up for sale.” It’s been nearly a year since I featured it and that’s usually long enough to revisit something in depth, but mostly this comes down to price and my own love for the color.
This is a Slate Grey Metallic 1994 Porsche 928 GTS, located in Texas, with Grey interior, 82,500 miles on it, and the 5-speed manual transmission. I know grey is supposed to be a boring color and I don’t think I’d call Slate Grey exciting, but I do love it as an exterior color. It just looks really good. There’s not much more to it than that. Regarding the price change: when I first featured this 928 it was priced at just under $130K. Manual or not that’s a lot of money, especially for a 928 with almost 90K miles on it. The price now has been slashed substantially to a much more reasonable $82,500. I think we can work with that.
Gosh it feels like forever since I featured a 928. I think I actually started off my last 928 post in the same way. Perhaps I should feature them more often. I really do like these cars. The look is beautiful and timeless and it’s hard to believe it’s been almost 25 years since the last one was produced. Even more hard to believe is how good the original design – with almost 40 years on it! – still looks today. But this isn’t about an early 928, but rather one from near the end of their production.
Porsche’s top-of-the-line front-engine GT was with us for 17 years and over that time followed the typical Porsche path of subtle evolutionary changes to its design and mechanical layout. Always a V8, displacement would gradually be increased from 4.5 liters to 5.4 liters with associated increases in power as well. In its final GTS form that meant 350 hp with either a 5-speed manual or 4-speed automatic transmission. The automatic was popular and for some actually more desirable, but the manual-equipped cars command the most money. The last one I featured was pretty low mileage and came with a very high price tag; relatively speaking this one is neither of those things.
Here we have a Black 1993 Porsche 928 GTS, located in Georgia, with Cashmere interior, the 5-speed manual transmission, and 69,673 miles on it.
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.…
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.…
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!
Engine: 5.0 liter V8
Transmission: 4-speed automatic
Mileage: 56,715 mi
Price: Reserve Auction (Buy It Now $29,500)
Goodman Reed Motorcars
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.
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.
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.
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.
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.
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…