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

Year: 1994
Model: 928GTS
Engine: 5.4 liter V8
Transmission: 4-speed automatic
Mileage: 68,360 mi
Price: $58,997 Buy It Now

1994 PORSCHE 328 GTS

WOW!! ULTRA RARE GTS!! 1 OF 139 IMPORTED!! SHOOWROOM CONDITION!! WEST COAST DRY CLIMATE RUST FREE EXAMPLE!! GARAGE KEPT AND BABIED..ALL ORGINAL AND NO PAINT WORK!! NO DENTS OR DINGS!! TONS OF FACTORY OPTIONS!! BEAUTIFUL ORIGINAL FACTORY GUARDS RED PAINT..NO SPIDER CRAKING OR FADING!! SIGNATURA GTS WIDE BODY, SUPER COOL POP UP HEAD LIGHTS, GTS WING, AND PORSCHE ALLOY WHEELS WREAPPED IN BRAND NEW TIRES!! EXTRA CRISP BLACK LEATHER..SMOKE FREE..AND ZERO SUN DAMAGE!! UPGRADED ALPINE RADIO(FACTORY INCLUDED), REAR A/C, BUCKET STYLE SEATING, SUNROOF, REAR SUNSHADE VISORS, AND POWER EVERYTHING!! ALL POWERED BY A 340HP 5.4 V8 LINKED TO A ULTRA SMOOTH 5 SPEED AUTOMATIC TRANSMISSION!! IN 1994 A FEW MAJOR IMPORVMENTS WAS MADE, MAKING THIS THE YEAR TO HAVE!! THIS IS A ULTRA RARE CAR, AND BECOMING THE HOLY GRAIL FOR PORSCHE COLLECTORS!! ONCE THIS CAR SELLS..WE MAY NEVER SEE ANOTHER!! CALL US TODAY, THIS CAR WILL NOT LAST!!

CARFAX CERTIFIED – ENTHUSIAST OWNED

5.4 V8 340HP – 5 SPEED AUTOMATIC

GUARDS RED – FACTORY ALLOY WHEELS – NEAR NEW TIRES

BLACK LEATHER – UPGRADED RADIO – SUNROOF – REAR A/C

NEVER WRECKED OR SMOKED IN

FULLY DETAILED AND SERVICED

The dealer that has this car listed for sale appears to have done an admirable job in staging it. The paint appears to be in good condition, and the interior and exterior appear to be very clean. Overall, the car appears to be in very good condition given the mileage. The only noticeable imperfections in the pictures are some rippling on the cassette box cover, missing factory wiper blade spoilers, inoperable interior lights, what appears to be an inoperable hatch locking mechanism, a missing rear tow hook cover, and some vinyl pulling up on the driver’s side door card (where the trim meets the window). There are a few modifications on the car (window tint, aftermarket stereo, etc.), but all appear to be tasteful and easily reversible.

Using 930 prices as a metric, it seems as though an unforeseen endless supply of premier low mileage examples has prevented prices from continuing their upward trajectory, and has forced sellers to sit on their cars longer than would have a year ago. This seems to be a situation in which supply has exceeded demand, and buyers have the opportunity to wait until an example fitting a stringent list of various desired criterea becomes available at an attractive price. I believe the 928 market may be suffering from something similar, as potential buyers feel that there is a similarly large supply of pristine examples that will show up for sale any day now. We shall see, but given that only 406 928 GTSs (compare to 639 1989 930s) came to North America, I highly doubt that very many collector worthy and low mileage specimens exist.

-Andy (Cap’n Clean)

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