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1995 Porsche 928GTS

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Now here is quite possibly the best 1995 928 GTS in the world. Originally an American car, this example has spent the past three years with a Porsche collector in Germany. Before being bought by the collector, it was owned by a major 928 enthusiast who was responsible for creating the 928 Registry; a resource that has become invaluable to 928 owners and prospective buyers looking to research the history of particular 928’s. He was the second owner, and purchased it from the original owner back in 2000 in Orlando, Florida. The second owner sold the GTS back in 2012 to the German collector for (I believe) $107,500.

Now, you may think that the asking price is somewhat absurd, but you will probably never find a GTS in this condition ever again, anywhere. Since the supply of mint 928 GTS 5-speeds is small and fixed, it doesn’t take much demand to make prices go “sky high.” Also, in the world of collectible Porsche’s, $132,000 (the approximate equivalent of 125.500 euro’s) isn’t that much. Furthermore, this is one of only 30 1995 928 GTS five-speeds originally sent to the United States. With a quick search on the 928 Registry, it is one of 9 1995 North American GTS’s painted in Midnight Blue, and one of only 5 5-speeds. Also, according to the registry, it is one of only eight (probably fewer) 1995 5-speeds with under 20,000 original miles.

CLICK FOR DETAILS: 1995 Porsche 928GTS on Mobile.de

Year: 1995
Model: 928GTS
Engine: 5.4 liter V8
Transmission: 5-speed manual
Mileage: 26,368 km (~ 16,384)
Price: €125,500 (~ $133,444 USD)

Despite being as close to showroom new as I can imagine possible, the car does have around 16,000 miles, and there are flaws that are consistent with that mileage. The stitching at the top of the blue label on the driver’s side seat belt appears to have come loose, the throttle linkage is missing (I believe) three orange “cone” caps over the ends of the cables, the intake tubes are showing age and are cracking, the red rubber strip that sits above the radiator appears to be missing, and the interior roof lights don’t appear to be operable (they should come on when the door is open. This is likely just a blown fuse). These flaws are so insignificant that they really shouldn’t have any detrimental effect on the value. After all, this is a 20 year-old car, so it is unlikely that an example with fewer and less significant flaws exists.

Despite literally being at the top of the market, I believe that this GTS is priced right where it should be. In fact, given the condition, rarity, and well-known history of this car, I am inclined to suggest that it is a good buy at the relative equivalent of $132K. I am unsure of the costs that would be associated with repatriating the car to the United States, but I would imagine that the grand total would not exceed the value of a 930 in decent condition with similar mileage.

-Andy

flüssig magazine

5 Comments

  1. Jim Doerr
    Jim Doerr April 16, 2015

    My personal opinion is for a 95 GTS to be the best and command not only premium but a record setting sale price, it needs to be original.
    As nice as this GTS is, approx $107.5k was all the money for a modified GTS (and I don’t care how tastefully modified it was).
    And without a return to stock effort, the seller should expect a similar sale price figure.
    Everything you wrote about this 928 is true, Andy. But you neglected to include a very important detail in your valuation, with respect to world-class GTS’s.
    Is this one world-class? Could be… has all the right stuff… just not there yet.

  2. AndyJM
    AndyJM April 16, 2015

    Hi Jim,

    I agree that being in original configuration would maximize this car’s value. However, people must realize that the mods on this example aren’t too extensive, and can easily be reversed. The main thing here is the condition. I believe the car has all original paint, the stereo is original, the interior is virtually untouched, no engine mods, etc. Even if you could find an original ’95 5-speed for sale, it is highly unlikely that it would be as immaculate as this one is. Also, I believe that Chuck did sell the car with all of its original equipment (original wheels were chromed or polished for some reason).

    But, as you stated, your view is just an opinion. I can’t recall seeing a low mileage ’95 5-speed for sale for well over a year. The last one I can remember had an asking price of $116,500. My opinion is that the values have increased since 2012, so this one is likely worth well over $107,500.

  3. Bill the wag
    Bill the wag April 17, 2015

    I’m just quietly grinning to myself and hoping the car fetches those prices because my all original 93 GTS 5 speed is sitting in the garage below me.

  4. tbruz
    tbruz April 20, 2015

    As the original owner of the twin to Chucks former car and with just 26K miles on my 100% stock car, I too hope it achieves the asking price!!
    Now how do I tell my son he can’t take it to his prom………..

  5. Chuck
    Chuck April 22, 2015

    The subject GTS was previously owned by myself. Interesting comments here and RL. Have you guys seen asking prices on Porsche’s of this vintage lately? By comparison, the 928 GTS is a relative bargain…. If this car is in the same condition it was when I sold it a few years ago, it may be the finest GTS in the world! The reason the car is in Germany now is b/c the buyer couldn’t find any in Europe (or, anywhere in the world for that matter) that were remotely close to this one in terms of mileage/history/condition. Any modification I made to the car is easily reversed and all the stock parts were included in the sale. Wheels/tires, exhaust, suspension, strut bar brace… Everything! None of the mods required wires to be cut, holes to be drilled or body panels painted or replaced. Strictly cosmetic… Whomever ends up with this GTS will get a really great example!

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