The Porsche 928 S4 debuted in 1987 with redesigned aerodynamic bodywork and a new 5.0-liter DOHC V8 engine, signifying a major evolution of the marque’s 928 grand tourer. Equipped with a 5-speed manual transmission, this inaugural year example is finished in the extremely rare shade of Marine Blue Metallic over a Linen and Black interior. It was further optioned with a limited-slip differential, side protection moldings, the Hi-Fi Sound System, rear air conditioning, and more. Modified with a 928 GTS short-shift kit, this S4 is now available for auction by its seller out of Colorado showing less than 61k miles on the odometer. Click here to view the previous PCARMARKET listing.
Distinguished from earlier 928 models, the S4 variant features a more aerodynamically optimized rounded nose and a black polyurethane rear spoiler. This example is finished in Marine Blue Metallic (L35V), an uncommon shade offered only for the 1987, 1988, and 1990 model years. Exterior equipment includes optional side protection moldings, a sunroof, and refinished 16” forged aluminum flat disc wheels mounted with BFGoodrich g-Force high-performance all-season tires. The seller notes the passenger side was resprayed under prior ownership to address a scratch, and a paint correction and CeramicPro coating have since been performed. Detailed images are provided in the gallery along with a clean CARFAX report.
Inside, the cabin is trimmed in Linen and Black leather upholstery. Features include a Blaupunkt Reno SQR 46 cassette stereo, the optional Hi-Fi Sound System with an additional amplifier, left seat lumbar support, and rear air conditioning. The seller notes that the front seats have been reupholstered with genuine Porsche leather, as the original material had lost its suppleness. Additionally, the electronic rear hatch release is currently inoperable, though the hatch can still be accessed using the key.
The fuel-injected 5.0-liter DOHC V8 engine is factory-rated at 316 HP and 317 lb-ft of torque, with power sent to the rear wheels through a 5-speed manual transaxle and an optional limited-slip differential. A 928 GTS short-shift kit has also been installed. The seller highlights two major documented services, including a $11k service in 2024 and a $5,200 service in 2025.
This sale will include a clean title, owner’s manuals, a toolkit, a spare tire, an air pump, and sales literature.
Comments (36)
Bid in the amount of $36,750
Bid in the amount of $36,500
Bid in the amount of $35,928
Bid in the amount of $26,928
Bid in the amount of $22,928
Bid in the amount of $22,500
Bid in the amount of $20,250
Bid in the amount of $20,000
HI Everyone, thanks for participating in my auction! We're down to the last day and I'm hopeful that the reserve will be met and there is a lucky new steward for this "excellent" car.
Good luck in the final hours and thanks again!!
Bid in the amount of $14,928
Bid in the amount of $12,300
Bid in the amount of $12,004
Bid in the amount of $10,928
Bid in the amount of $9,284
@Dozer, as stated in the auction narrative, the right side of car was resprayed years ago by previous owner (to address a scratch), and hatch release mechanism needs replaced - I just haven't gotten to it (I use the key to get into hatch). Yes, clock works. Thanks!
Is all the paint original? Does the clock work? Do both of the floor deck lid releases work?
Bid in the amount of $7,911
@BMac55, original seat cover images added to gallery.
Additional content has been added to the gallery for this listing.
Can you post a picture(S) of the old original seat covers. Nice car!
@porsdrvr95, clutch has not needed to be replaced (slave cylinder has been replaced), yes to ac conversion, water pump.
This car has been well sorted - no outstanding maintenance items are needed as of today!
Friendly reminder, the service records (since the late 90's) are posted in gallery.
Thanks for your interest in the car!
Bid in the amount of $6,250
Has the AC been converted? Clutch, water pump, torque tube replaced? Any major maintenance items be completed
Bid in the amount of $6,000
Bid in the amount of $5,750
Bid in the amount of $5,500
@michaelp1usa, it's not good protocol to speak to a reserve so I won't do that, but yes you are correct with your interpretation that $46k was not enough when the car was in Marketplace.
As I've stated before (my comment and Hagerty Valuation tool image uploaded in previous auction), I typically refer to Hagerty valuations for any car that I own that is in this good of condition (and with this particular build (color combo/manual, etc)).
I could be wrong but based on the past listing $46k is not enough?
Bid in the amount of $2,200
@Denverartist, thanks for the kind words....was nice to meet you last week at Cars and Coffee!
What a spec! Very hard to find one of these in such a rare color. GLWS!
I was parked next to this car during a local car show recently, and while I have never driven it or looked underneath, I can attest that the car has a new-like appearance inside and out.
Hi @ buccicone, great question! For me it's a personal preference on the hood liner. If it's original and in good shape (no flaking/looks clean) I like the look of it on an original/survivor car. It helps affirm that it's a 60k mile original car - and I think it looks kinda cool myself.
That said, it's an easy/cheap replacement if someone wants to change it out.
Bid in the amount of $1,928
As clean as this example appears, I’m curious why the hood liner/insulation was not replaced?
Hello again PCAR Community!
Thank you for viewing this new auction of my 61k-Mile 1987 Porsche 928 S4 5-Speed Manual. The car has been very well-maintained (26 years of records) and is in excellent condition – a true survivor.
I recently installed a Porsche 928 GTS short shift kit to enhance the 5-spd manual driving experience – made a HUGE difference (original shifter included with sale). I also had the OEM wheels professionally refinished (powder-coated Porsche Silver), and had new leather for the seats installed (Porsche leather - OEM German supplier). The leather seats were not soft/slightly discolored with typical aged crack lines (no tears were present – I still have original covers). Leather replacement vs. dying was the best choice for this collector-quality car.
This 928 is otherwise 100% OEM from the factory including the exhaust. The car drives strong/tight.
I’m available throughout the week to answer any questions, thank you!