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1989 Porsche 928 GT 5-Speed

Final offer: $37,000 Sold
PCARMARKET RESULTS
2 bids, 52 comments
1989 Porsche 928 GT 5-Speed
Sold
Final Offer: $37,000
Categories: Water-Cooled
Auction type: MarketPlaceSold
2 bids, 52 comments

Vehicle Details

  • Year: 1989
  • Make: Porsche
  • Model: 928 GT
  • VIN: WP0JB0923KS861232
  • Mileage Shown: 41,000
  • Transmission: Manual
  • Title Status: Clean
  • Color: Black
  • Seller: fozzy555
  • Seller Type: Private Party
  • Location: Austin, TX 78701
  • Lot #: V-0008925-MP

Up for auction is this highly collectible 1989 Porsche 928 GT finished in Black over a black leather interior.  Produced from 1989 to 1991, the GT was the high-performance model in the 928 lineup with unique standard features including sport shock absorbers, Club Sport wheels, and a 5-speed manual transaxle with limited-slip differential. Confirmed by the 928 Registry as being one of only 151 North American examples built for the inaugural 1989 model year, this GT was originally purchased in Massachusetts before making its way to California in the 1990s where it remained under the care of its previous owner from 1997-2013. The previous owner is said to have been a well-known venture capitalist in Silicon Valley who was personally known by the current owner. This GT has since been relocated to Texas by the 3rd and current owner where it is now being offered for auction in strong running order having undergone approximately $8k worth of service including a timing belt, water pump, and radiator replacement within the last 4k miles.

The Black paint is said to be in great condition and is believed to be entirely original with only minor imperfections and rock chips present.  Detailed images are provided in the photo gallery.  This GT features optional side protection moldings and factory model-specific 16” Club Sport forged wheels.  This example rides on a set of Bridgestone Potenza tires that were reportedly installed about 6 years ago with approximately 20K miles of use since.

Inside this 928, you will find a black leather interior that is stated to be in great condition with no cracks in the dashboard.  Noted flaws include ripped fabric in the hatch cover, peeling doorsills, and slight wear on the driver seat bolster.  From the factory, this example is equipped with an electric sliding sunroof, power accessories, and an improved air conditioning system with rear seat ventilation.  A period-correct Alpine tape player has been installed in lieu of the factory radio and the seller reports that the passenger door lock mechanism was replaced under their ownership.  As a 1989 example, this GT is devoid of airbags and the seller confirms all gauges and accessories to be working properly except for the cigarette lighter. The air conditioning system has also reportedly been fully sorted. CARFAX shows a potential mileage discrepancy and the seller believes the odometer to have been previously replaced with approximately 40k miles displayed at this time. The true mileage is suspected to be closer to 100k.

Power comes from a naturally aspirated 5.0L V8 engine that produces 330 HP and 317 lb.-ft of torque.  The rear wheels are driven through a 5-speed manual transaxle which is capable of accelerating this 928 from 0-60 MPH in under 6 seconds.  Offering a 50/50 weight distribution, the 928 is praised for its balanced handling which is further enhanced by the GT’s standard sport shock absorbers and ZF 40% limited-slip differential which was only offered in 1989 before the introduction of the more complex PSD differential in 1990.  Recent service is said to include new brakes, a new radiator, and A/C maintenance.  The timing belt and water pump were also both replaced within the last 4k miles.  Service records are said to be included dating back to 2000 and this GT is described by the seller as being an unmolested and well-maintained example that is ready to drive and enjoy. Recent compression test results from 2020 are listed below:

  • 1 - 185
  • 2 - 190
  • 3 - 190
  • 4 - 190
  • 5 - 185
  • 6 - 190
  • 7 - 185
  • 8 - 185

This sale will include the original owner's manuals, tools, stamped maintenance book, a collection of service records, and a clean title.  With significant performance improvements over its predecessors and unique specifications offered only during the 1989 model year, this rare 928 GT is not to be missed. 

Auction Results

  • Sold for: $37,000
  • Auction End: Mar 17, 2021 09:07:25PM UTC
  • Number of Offers: 2
8,640 views8 saves
  • Seller: fozzy555
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    1989 Porsche 928 GT 5-Speed
    Final offer: $37,000 Sold
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