Classic Classified: 1987 Porsche 911 Turbo
From: Hemmings Motor News, June 2013
Price then: $47,500
Price now: $92,500–$271,000
Approximate dollar difference: $149,500 (Assuming No. 2 condition)
Annual rate of return: 37%
Porsche 1987 930 coupe, excellent condition, manual trans, silver exterior, black interior, electric seats, 50K mile, 3 owners, well maintained, runs brilliantly, sport suspension, turnkey example, very fast and fun $47,500 obo.
While these days the air-cooled market is finally leveling off and water-cooled cars are starting to pick up, not so long ago, before old Porsches exploded in value, things were very different. Let’s take a step back only 15 years and re-examine the Porsche market. To some people, this exercise might be a painful reminder of the car they should’ve bought or the car they should’ve waited a little longer to sell.
The 930-generation Porsche 911 Turbo is the perfect example of a car that seemed to go from a slightly expensive old sports car to something entirely out of reach for the average enthusiast. And that happened almost overnight. As the air-cooled Porsche market rocketing up in value over the course of 2014 and ’15, the 930 was one of the models leading the charge.
No surprise there. These cars look fantastic and were a performance benchmark for their entire production run. From a perspective of pure investment, in less than five years this car found its owner a 37-percent year-over-year return. Here’s hoping that the owner ultimately decided to hang onto the 930 a couple years longer before cashing out.