1995 Porsche 928 GTS
Sold For $140,000Inclusive of applicable buyer's fee.
Lot Location: Monterey, California
RM | Sotheby's - MONTEREY 24 - 25 AUGUST 2018
- Offered on Saturday
- One of just 77 GTSs built for North America for 1995
- Offered from its second owner; only 4,231 original miles
- Exceptional, all-original condition
- Includes COA, owner’s manual, tool kit, and spare key
- From the final and rarest year of production
In the early 1970s, Porsche sought to augment its 911 and 914 sports car lineup with a car better suited for grand touring—a car for covering long distances at speed and in utmost comfort. After six years of development, the Porsche 928 debuted at the 1977 Geneva Motor Show.
Instead of a mid- or rear-mounted flat-four or even a flat-six, Ferdinand Porsche eventually settled on a layout the company had never before tried: a front-engined, rear-wheel-drive sports car with V-8 power. Even with Volkswagen’s backing, the project was a massive undertaking that resulted in the development of a unique V-8 engine that used the timing belt to drive the oil and water pumps. The 4.5-liter V-8, rated initially at 240 hp, was considered a fair compromise between traditional Porsche performance and the need for reasonable fuel consumption during the oil crisis.
The 928 was a revolutionary, modern 2+2 coupe with voluptuous styling, breathtaking acceleration, and supple long-distance cruising abilities. A simple rear-wheel steering system dubbed the Weissach Axle improved mid-corner stability, and its successor can be seen in today’s touring Porsche, the Panamera. Inside, the 928’s shape was futuristic but logically arrayed, splitting the line between touring car and supercar.
As the 1990s began, Porsche kept the 928 relevant with its final special model, the limited-run 928 GTS. It featured a far more powerful version of the V-8, a 345-hp evolution that now displaced 5.4 liters. Uprated front brakes brought the big coupe to a halt and its manual transmission was upgraded to compensate for the additional power.
The 1995 928 GTS offered here was completed on 12 December 1994 and finished in attractive Black Metallic over a Marble Grey leather interior. For the final year of production only 77 examples were built for the U.S. and Canadian markets in 1995, of which only 47 cars were equipped with the automatic transmission. Its Porsche Certificate of Authenticity lists options such as an AM/FM radio/cassette player and six-CD changer, full-power front seats with lumbar support for the driver, high-output air conditioning, Porsche crests on the wheel caps, and an electric sunroof.
The 928 was originally purchased by a doctor in Beverly Hills, California, who continued to own the car for 21 years, during which time it was driven just over 4,000 miles. It was then acquired by the current owner, an entrepreneur in Texas. Though properly maintained since, it has only been driven another 200 or so miles.
As its mileage would suggest, the 928 shows virtually no signs of use. In fact, with just 4,231 total miles showing, it is undoubtedly one of the finest extant. Its leather interior has limited creasing and even its engine bay appears nearly new. A full set of correct tools is present. The 928 has recently been treated to a full servicing and new Michelin Pilot Sport tires at a cost of about $10,000, making it ready for light use and preservation for years to come.