Bonhams

1979 Porsche 928 from “Risky Business” Sells for $1.8 Million at Auction

By Jason Venegas

When a car transcends its role as mere transportation and becomes a symbol of cultural and cinematic history, it garners a level of prestige that can drive its value to astonishing heights. This was exemplified by the recent sale of the 1979 Porsche 928 from the iconic film "Risky Business," which fetched a staggering $1.8 million at auction.

Key Takeaways
  • Historical Significance: The 1979 Porsche 928 gained fame from its prominent role in the 1983 movie "Risky Business" starring Tom Cruise.
  • Record-Breaking Auction: The car was sold for an impressive $1.8 million, setting a new record for the model.
  • Exceptional Condition: The vehicle's meticulous maintenance and restoration contributed significantly to its high auction price.
  • Cultural Impact: The car's association with a major Hollywood film and its impact on pop culture played a crucial role in its desirability among collectors.

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An Overview of the Legendary Porsche 928
In 1978, Porsche unveiled the 928, a revolutionary model that aimed to merge the sportiness and comfort of grand tourers with the handling and dynamics of sports cars. The 928 was an innovative addition to Porsche’s range because to its strong V8 engine, front-engine configuration, and rear-wheel-drive system, which set it apart from its predecessors. The 928’s remarkable design and engineering allowed it to carve out its unique position in automotive history despite its original intent of replacing the 911.

Leading Man from “Risky Business”
After making a debut in the 1983 Tom Cruise film “Risky Business,” the 1979 Porsche 928 became famous. An instant icon of 1980s youth culture, the automobile was essential to the plot of the film. Fans and onlookers of classic cars will never forget the 928 scenes, especially the iconic one in which it ends up in Lake Michigan.

The Path to the Auction
Even after it made its big screen debut, the 1979 Porsche 928 remained a fan favorite. Many people have owned the car throughout the years, and each one has acknowledged its place in movie and automotive history. To keep it in immaculate shape, the car was restored and maintained with great care.

Important Characteristics of the 1979 Porsche 928 Engine Up for Auction: an engine that produces 219 hp from its 4.5-liter V8
Transmission: Manual 5-speed
Inside: Authentic leather upholstery
Outside, a distinctive metallic paint job
Mileage: Very little considering its age and well-documented.
An Auction: A Sale That Broke All Records
The 1979 Porsche 928 owned by “Risky Business” was put up for auction by [Auction House Name] on [specified date]. The ultimate sale price reached an astounding $1.8 million, driven by the considerable interest from collectors and enthusiasts at the auction. This record-breaking sale further highlighted the car’s historical and cultural significance.

Bonhams

Reasons for the Exorbitant Purchase Price
Origin: closely linked to a blockbuster Hollywood picture starring Tom Cruise.
Maintenance and restoration of this item are of the highest quality.
Rarity: The 1979 model year features were exclusive, and there were only a few units made.
Social and Cultural Effects: The film “Risky Business” was instrumental in establishing the vehicle as a cultural touchstone.
The 1979 Porsche 928 and Its Immortal Impact
The fact that a historic sports car like the Porsche 928 “Risky Business” could fetch $1.8 million at auction shows how popular these vehicles are. It shows how cultural relevance and history matter for collector cars. Thanks to its groundbreaking design and legendary past, the 928 will go down in automotive history as a legendary vehicle.

In summary
Auction records were shattered, and the model’s cinematic and automotive significance was further cemented when the 1979 Porsche 928 from “Risky Business” was sold. The perfect blend of technical brilliance, cultural influence, and meticulous maintenance makes it a prime illustration of how some automobiles go beyond being just vehicles and become genuine symbols. Looking back at the Porsche 928’s legacy, it’s easy to see how it will impact future generations.

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"The sale of the 'Risky Business' Porsche 928 for $1.8 million is a testament to the enduring appeal of this classic sports car, highlighting the importance of provenance and cultural significance in the collector car market."