Where are 928 prices going these days?
#1
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Where are 928 prices going these days?
I notice more late model cars listed with astronomic prices lately.
In February, a 91 S4 with low mileage sold for a crazy amount on eBay (low 30ies). Cars with mid-mileage (50-60k) are listed with asking prices in the high 20ies.
We've never seen such prices before this spring - at least not in the past 15 years.
Is there a shortage of good 928s?
Are collectors cherry picking a few low mileage examples at high prices?
Or are the sellers simply crazy asking these amounts, and rarely sell for those prices?
In February, a 91 S4 with low mileage sold for a crazy amount on eBay (low 30ies). Cars with mid-mileage (50-60k) are listed with asking prices in the high 20ies.
We've never seen such prices before this spring - at least not in the past 15 years.
Is there a shortage of good 928s?
Are collectors cherry picking a few low mileage examples at high prices?
Or are the sellers simply crazy asking these amounts, and rarely sell for those prices?
#2
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they are inching up for sure, and sometimes leaping, depending on model. The GTSs appear to be commanding a premium over what they were already getting. Early year cars in good shape are likewise moving up.
#3
Nordschleife Master
Several exceptional cars have been sold. My sad guess is that some long time owners are dying.
This is also the start of ask high prices season.
All in all I think less is going on directly related to the 928, and more is related to movement in the economy at least at the upper end.
This is also the start of ask high prices season.
All in all I think less is going on directly related to the 928, and more is related to movement in the economy at least at the upper end.
#4
Burning Brakes
UP!!
#5
Instructor
At techno classica in Essen this year there were about 5 GTS. Prices were between 40 and 50K in US $ (30-35K in €)! Last couple of years one was lucky to see one ,now we've even seen one on the way up there. Sharks are rising :-)
#7
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generally speaking just about ALL sports cars collector cars have rebounded and many are setting new records. Many are asking really stupid money....and possibly getting it. Real estate has gone up a great deal, the stock market is at record highs, interest rates cd rates are very, very low so "investment" in something you can drive, see, and touch has a lot of appeal.
When early 911S casr are over $100,000 and 356s sometimes double that ......914s at 10-20 k little wonder people are discovering the 928 and it is a V-8
When early 911S casr are over $100,000 and 356s sometimes double that ......914s at 10-20 k little wonder people are discovering the 928 and it is a V-8
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#8
Burning Brakes
Higher mileage cars, without exceptional maintenance, have not seen the same rise.
That eBay car (37k miles, well maintained) is the best indicator (for an auto) that I have seen, with the sale price being public ($31,450).
#9
Instructor
The Hagerty Insurance site has a valuation tool that you can use to see how they see the market moving, showing historical trends. I've looked at it for my 91 S4 and it shows a slight increase over the last year. Of course condition is everything. Here is a link if you want to take a look.
http://www.hagerty.com/valuationtools
http://www.hagerty.com/valuationtools
#10
Rennlist Member
Autoweek March 17-31 Market Column: "Oftentimes, collectors gravitate to the first and last of a series of cars. That seems to be happening to the Porsche 928." That article goes on to say of a sale of an 87 S4, sold at $15,400, "at this price, it is still a bargain." (Submitted as a data point.)
#12
As noted earlier here, good '80s 911s are just starting to climb hard. Which sucks since I was hoping to get the wife a stable mate of that vintage. She had a green SC hotwheels/matchbox as a kid and always wanted one.
(After the 911 I'm thinking about luxo barges - E38s or XJ12s... got a few years of bargains there yet, I think.)
#13
The Hagerty Insurance site has a valuation tool that you can use to see how they see the market moving, showing historical trends. I've looked at it for my 91 S4 and it shows a slight increase over the last year. Of course condition is everything. Here is a link if you want to take a look.
http://www.hagerty.com/valuationtools
http://www.hagerty.com/valuationtools
#14
Burning Brakes
My observation is that low mileage cars and the GTS have been rising in value. Most others haven't (probably with the exception of some versions that I wasn't following, e.g. '89 manual).
#15
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The Hagerty Insurance site has a valuation tool that you can use to see how they see the market moving, showing historical trends. I've looked at it for my 91 S4 and it shows a slight increase over the last year. Of course condition is everything. Here is a link if you want to take a look.
http://www.hagerty.com/valuationtools
http://www.hagerty.com/valuationtools