1994 Porsche 928 GTS

20 Bids
7:46 PM, 06 Feb 2023Vehicle sold
Sold for

£25,000

(inc. Buyer’s Premium)

Background

PLEASE NOTE THAT AN AUCTION PREMIUM WILL BE CHARGED, ON TOP OF THE HAMMER PRICE, OF 5% (+VAT IN UK AND EUROPE). FROM 16TH JAN'23 THIS APPLIES TO ALL AUCTIONS ON THE MARKET, AND FEES ARE CAPPED AT £5,000 (+VAT)

In 1978 the Porsche 928 looked so futuristic that it could well have driven straight off the set of 2001: A Space Odyssey. Engineering aficionados and automotive journalists applauded Porsche’s efforts to design a replacement for the rear-engined, air cooled 911. Then, the 928 looked like nothing we’d seen before. Now it looks like nothing we’ve seen since.

But it is also practical, usable and so well engineered, even by Porsche’s lofty standards, that it’s as comfortable thundering down an Autobahn as it is going to the local shops.

As for replacing the 911 – well, we all know that it didn’t. As early as the late 1960s the Porsche board was starting to worry that the mighty 911 was past its prime. Sales were dropping and, in the wake of an international oil crisis, the Porsche suits were busy convincing themselves that their future was in Grand Touring luxury cars with more conventional mechanical specifications than the quirky Beetle-inspired sports car.

With this context looming large, the then Porsche Managing Director, Ernst Fuhrmann, was bringing pressure to bear on Ferry Porsche to approve the development of a new model. Porsche capitulated and Fuhrmann was able to initiate a production-feasible design study in 1971. As is often the way, the design process navigated a number of twists and turns, including rear engine and mid-engine configurations, before a relatively traditional front engine, rear wheel drive layout was agreed. This configuration promised the most passenger space and the least technical and legislative issues.

The ultimately sleek and modern design was overseen by Tony Lapine and incorporated some innovative features for those simpler times, including a large opening rear hatch, integrated polyurethane elastic bumpers covered in body coloured plastic and, of course, the signature reverse pop-up headlamps which were very Lamborghini Miura-esque. The interior had also gone all Space 1999 with deeply padded and curvaceous seats front and rear, the latter folding down for more luggage space, rear sun visors and an instrument binnacle that moved with the adjustable steering wheel.

Porsche went their own way with the engine, too. At launch this was a 16 valve, 4.5 litre V8 M28 unit fitted with Bosch K-Jetronic fuel injection. The big V8 delivered 245bhp in European trim and prompted many to mutter ‘Oil crisis? What oil crisis?’

All this innovative and futuristic work was not lost on the automotive world at large, either, with the car picking up the 1978 European Car of the Year accolade. This was an award almost exclusively reserved for mainstream family cars, making this win all the more remarkable.

  • WP0ZZZ92ZRS800488
  • 133,550
  • 5.4L V8
  • auto
  • Grey
  • Light Grey
  • Right-hand drive

Vehicle location
Bonhams|Cars Online HQ, United Kingdom

Background

PLEASE NOTE THAT AN AUCTION PREMIUM WILL BE CHARGED, ON TOP OF THE HAMMER PRICE, OF 5% (+VAT IN UK AND EUROPE). FROM 16TH JAN'23 THIS APPLIES TO ALL AUCTIONS ON THE MARKET, AND FEES ARE CAPPED AT £5,000 (+VAT)

In 1978 the Porsche 928 looked so futuristic that it could well have driven straight off the set of 2001: A Space Odyssey. Engineering aficionados and automotive journalists applauded Porsche’s efforts to design a replacement for the rear-engined, air cooled 911. Then, the 928 looked like nothing we’d seen before. Now it looks like nothing we’ve seen since.

But it is also practical, usable and so well engineered, even by Porsche’s lofty standards, that it’s as comfortable thundering down an Autobahn as it is going to the local shops.

As for replacing the 911 – well, we all know that it didn’t. As early as the late 1960s the Porsche board was starting to worry that the mighty 911 was past its prime. Sales were dropping and, in the wake of an international oil crisis, the Porsche suits were busy convincing themselves that their future was in Grand Touring luxury cars with more conventional mechanical specifications than the quirky Beetle-inspired sports car.

With this context looming large, the then Porsche Managing Director, Ernst Fuhrmann, was bringing pressure to bear on Ferry Porsche to approve the development of a new model. Porsche capitulated and Fuhrmann was able to initiate a production-feasible design study in 1971. As is often the way, the design process navigated a number of twists and turns, including rear engine and mid-engine configurations, before a relatively traditional front engine, rear wheel drive layout was agreed. This configuration promised the most passenger space and the least technical and legislative issues.

The ultimately sleek and modern design was overseen by Tony Lapine and incorporated some innovative features for those simpler times, including a large opening rear hatch, integrated polyurethane elastic bumpers covered in body coloured plastic and, of course, the signature reverse pop-up headlamps which were very Lamborghini Miura-esque. The interior had also gone all Space 1999 with deeply padded and curvaceous seats front and rear, the latter folding down for more luggage space, rear sun visors and an instrument binnacle that moved with the adjustable steering wheel.

Porsche went their own way with the engine, too. At launch this was a 16 valve, 4.5 litre V8 M28 unit fitted with Bosch K-Jetronic fuel injection. The big V8 delivered 245bhp in European trim and prompted many to mutter ‘Oil crisis? What oil crisis?’

All this innovative and futuristic work was not lost on the automotive world at large, either, with the car picking up the 1978 European Car of the Year accolade. This was an award almost exclusively reserved for mainstream family cars, making this win all the more remarkable.

Video

Overview

The 928 was and is an engineering, design, performance and usability masterclass. And the Porsche 928 GTS was the final word in the 928 line-up of ground-breaking grand tourers, with the mighty 345bhp V8 now boasting 5.4-litres, 32 valves and DOHC heads. With this under the bonnet and sublime handling, courtesy of 50:50 weight distribution, thanks to a rear mounted transmission, this really is the pick of the bunch.

Even today, a 928 GTS is a fast and powerful car, capable of wafting you across continents with power in reserve and a great deal of style and panache at your fingertips.

Exterior

The dark grey metallic paintwork on this car has had a lot of attention lavished on it by the current owner, and as a result the Porsche looks fabulous. The bodywork itself looks straight and true, and the finish shines with a deep gloss, just as Porsche intended.

The original-spec alloy wheels are in equally good shape, with the trademark bright red Porsche calipers peeking through the five spoke design. The front Michelin tyres were fitted just a few hundred miles ago and the rear tyres are matching, and in very good order too.

The plastic wrap-around bumpers are smooth, with even panel gaps and a lack of any damage that we could spot, but please check the pictures for yourself. Better still, come and see the car at The Market’s Abingdon HQ.

Interior

You’ll be beating us if you can find fault with this 928’s cabin. The driver’s seat has had its upper and lower bolsters replaced, and all the leather has been reconnollised. This includes the steering wheel, so everything has an incredibly fresh feel to it.

The door cards have also been removed, refurbished as necessary and replaced with new mounting clips, so they also look spot on. The switches and dials are gloriously minimal and serve to remind us that you really don’t need much in a car like this, a car that was a top-of-the-range supercar driven by the great and the good, back in the day.

There are no cracks on the dashtop, which is a fault that can develop in hot climates, the carpets are all good and the Continental-branded CD and radio looks perfectly period. In all, this is a grand place to be in every sense of the word.

The sunroof, as you can see from the pictures, works as it should, which is no surprise as the owner spent a good deal of money just last year getting it sorted out.

Inside the boot the correct red space saver spare is in its well, and a full Porsche tool kit is also present.

Mechanical

Inspecting the underside of a Porsche 928 isn’t particularly easy, given its low ride height, but from what we can see of this one (and you can see what we saw in the accompanying pictures) there’s absolutely nothing to worry about under here. Aside from some very light surface blemishing of some of the alloy and steel components, everything looks very smart.

Under the bonnet the 5.4-litre V8 is a snug fit in the sleek 928 engine bay, but everything has its place and in this instance all seems to be as it should. The only deviation from standard that we spotted is that the two long intake tracts, normally corrugated plastic tubing, have been replaced with black silicone piping instead – more of an upgrade than a money saving measure, as they look very smart and uncluttered, compared with the original parts.

The engine itself starts easily and settles to a subdued but meaningful idle – this is a GT, not a sports car. That said, if we had to take a long trip in a classic Porsche, we have a feeling this would make a more comfortable steed than anything with a rear engine.

History

This 928 GTS comes with its original handbook, a large pile of historic MoT certificates and a selection of old invoices for maintenance work carried out. In addition, the current owner has spent a lot of money getting the car into the fantastic condition you see here. Recent bills include the following and total the best part of £6000 spent in the last six months.

  • June 2022. Major service including new cambelt and tensioners. £1530.
  • July 2022. Replace thrust wedges, realign rear badge, strip and refit door cards, adjust radiator fan assembly, clean wheels inside and out, service brake calipers, general exterior detailing work, wheel alignment, two front tyres, paint wiper arms, adjust and refit interior trim, sunroof panel motor, tailgate upper trim panel. £1651.
  • December 2022. Repair seat foams. Replace driver’s seat bolsters upper and lower. Connollise seats and steering wheel. £1345.
  • December 2022. Replace power steering pipe and battery. £975.

The owner says:

‘I purchased the car for my young lady, and I'm selling it because of London’s Ultra Low Emission Zone (ULEZ).

‘I've only owned the Porsche for a very short period, and in that time I've had it serviced, and had the interior faults and paint work corrected. It’s now restored to how it should be. It’s in very good condition.

‘It’s a standard 928 GTS, but I think its condition makes it special – and it’s a matching numbers car too. As I said, I've only had the car short time, but in that time it has been great fun to drive, and very reliable.’

Summary

Compared with a 911, the 928 is something of a bargain in the classic Porsche world, and this is a particularly nice one. The current owner bought it with no intention of reselling it, and spent a lot of money getting it just so. The lucky new owner will get the benefit of all that love and attention. We think it will sell for somewhere in the region of £25,000-£30,000.

Viewing is always encouraged, and this particular car is located with us at The Market HQ near Abingdon; we are open weekdays 9am-5pm, to arrange an appointment please use the Contact Seller button at the top of the listing. Feel free to ask any questions or make observations in the comments section below, or try our ‘Frequently Asked Questions’.

About this auction

Seller

Private: brook.anderson3


Viewings Welcome

Viewing is strongly encouraged, and is strictly by appointment. To book one in the diary, please get in contact.

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