Open for reservations
Flag
Porsche

928 S4 Coupe, 1989

928 S4 Coupe, 1989

Why this car

The 928 was Porsche’s boldest bet — a front-engined V8 grand tourer intended to make the 911 obsolete. It didn’t. The 911 endured, the 928 was discontinued, and in time became one of the most interesting Porsches ever made. This 1989 928 S4, professionally restored to factory specification and presented in excellent condition, is a compelling example of that idea.
Value
€52,500
Collectible unit price
25 €/unit
Total amount of units
1049
Car location
Vilnius, Lithuania
25 €/unit
Units remaining: 1049
Reserve Your Spot
Sale closes in :

A new direction for Porsche

When Porsche introduced the 928 in 1977, it set out to redefine its own future. Designed as a V8 grand touring (GT) car with a front-mounted engine and transaxle layout, it was meant to replace the 911 — a bold move that ultimately reshaped, rather than replaced, Porsche’s identity.

At its peak stood the 928 S4, introduced in 1987. With a 5.0-liter V8, refined aerodynamics, and the Weissach rear axle, it delivered stability, speed, and long-distance comfort in equal measure — the most complete expression of Porsche’s GT vision.

Unlike the rear-engined 911, the 928 followed a different logic: balanced weight distribution, high-speed composure, and usability over distance. Its low, shark-like profile and distinctive pop-up headlights earned it the nickname “Landshark” — a design where form and function meet.

This car

This 1989 Porsche 928 S4 Coupé, built in November 1988 and finished in Dark Blue over black leather, was originally delivered to Japan and maintained at official Porsche service centers before returning to Europe, where it was acquired by its current owner in Lithuania in 2018.

In 2020, it underwent a comprehensive restoration at Porsche Center Vilnius, centered around the installation of a brand-new, factory-original 5.0-liter V8 engine supplied by Porsche, correct to the car’s original specification, alongside a full mechanical refresh, repaint in the original color, interior restoration, and new wheels. Since then, it has covered just over 1,700 km and remains part of a private Porsche collection.

Long overshadowed by the 911, the 928 is now recognized as one of Porsche’s most unconventional and technically ambitious models — a car that represents not what Porsche was, but what it could have become.

SPECIFICATIONS
Model
928 S4
Year
1989
Mileage
137,158 / just over 1,700 after engine replacement
Engine type
5-litre eight-cylinder, naturally aspirated
Power
315 bhp
0-100 km/h
~6 sec.
Top speed
270 km/h
Transmission
4-Speed, Automatic
Drivetrain
RWD
Exterior
Dark blue (Dunkelblau)
Interior
Black
FACTORY OPTIONS INCLUDE
• "Securiflex" windscreen
• Windscreen tinted, upper part darker coloured
RESTORATION DETAILS
• Full body repaint carried out at Porsche Center Vilnius
• New engine sourced directly from Porsche and installed
• Cardan shaft replaced
• New wheels installed
• Suspension and braking systems refreshed
• Interior fully renewed
• Classic multimedia system installed
• Body components replaced, including front and rear bumpers
• Additional mechanical and cosmetic work completed to restore factory condition
This 1989 Porsche 928 S4 was produced in Germany and delivered new to the Japanese market, where it remained for most of its life before being imported to Lithuania in 2018 and first registered there on 2018-06-14.

In 2020 the car underwent a comprehensive restoration in cooperation with the official Porsche dealership Porsche Center Vilnius. The work included a full body repaint, installation of new wheels, a brand-new engine sourced from Porsche, replacement of the cardan shaft, installation of a classic multimedia system, and extensive mechanical and cosmetic refurbishment. The goal of the restoration was to return the car as close as possible to factory condition.

Since the restoration was completed, the car has driven only around 1,700 km and has been kept as part of a private collection. Considering the scope of the work, documented history, and the involvement of an official Porsche dealership, this 928 S4 represents a carefully restored example of the model and an increasingly collectible classic V8 Porsche.

1988-11-23

The car is built at Porsche AG, Zuffenhausen, Stuttgart factory.

1989-04-24

First registered on the Japanese market. Importer code 9220000 confirms official Japanese market delivery, homologated by JAIA (Japan Automobile Importers Association). Three Porsche warranties activated on registration: new vehicle warranty, varnish warranty, and corrosion warranty.

1997–2010

Service history recorded: all services carried out at official Porsche dealerships in the Yokohama/Kanagawa area. Records preserved on original Porsche/Mobil oil change stickers in the engine bay and confirmed in the official Porsche PCSS dealer system.

2018-06-14

The car is imported from Japan and first registered in Lithuania.

2020-01-21

Full body repaint and new wheels installed at Porsche Center Vilnius.

2020-07-31

New engine sourced from Porsche installed, cardan shaft replaced, classic multimedia system installed, and additional mechanical work completed at Porsche Center Vilnius. Restoration considered completed.

2020-08-05

Lithuanian mandatory technical inspection carried out and passed at TÜVLiTA, Vilnius.

2023-05-18

Lithuanian mandatory technical inspection carried out and passed at TÜVLiTA, Vilnius.

2025-03

Lithuanian mandatory technical inspection carried out and passed at TÜVLiTA, Vilnius.

This car is insured with a collectible asset insurance policy that reflects its market value as determined by Classic Car Ratings. All cars on the Commody platform are insured by one of the world’s leading insurance companies – Arch Insurance.

The car is stored in a specialized facility designed for collectible vehicles, featuring controlled temperature and humidity as well as 24/7 security and surveillance.

Its technical maintenance is performed by Apparatus Machinery, a Porsche-specialized service center based in Vilnius. The professional team provides diagnostics, repairs, classic car restoration, and detailed care to ensure this Porsche remains in impeccable condition.

As a co-owner of this car, you’ll receive:

Real co-ownership
Your co-ownership is formally recorded through a dedicated legal entity, and confirmed by a signed ownership certificate after the sale.
No extra costs
Storage, insurance, and maintenance are handled by the primary holder, with no additional costs for co-owners.
Your car, on your phone
Explore this car in 360°, hear the engine start, track your garage value, and access exclusive collector experiences.
The Collector’s Circle
Car updates, market insights, and exclusive content sent for co-owners only.
Collector community
A network of fellow car enthusiasts and collectors, with access to meetups and collector-only events.
Priority access
Co-owners receive priority access to future collectible car offerings.
Valuation

According to the initial valuation conducted in March 2026, this exceptionally restored Porsche 928 S4 was valued at €52,500. The initial valuation report is available below.

The valuation was performed and will regularly updated by Classic Car Ratings, one of the largest collectible car valuation companies in Europe. Later reports will be available to co-owners only, in “My garage” section.

Ready to start collecting? Here’s how it works:

1. Register or sign in

Create your account or log in to start collecting.
Register / Log in

2. Choose your collectible car

All cars on Commody are real, verified, and appraised by independent valuators at ClassicCarRatings.

3. Verify your identity

To register your co-ownership, a quick identity check is required. Verification is handled securely by our trusted partner, Ondato.

4. Become a co-owner

Select the number of collectible car units you want to own. Sales are open for a limited time until all units are allocated.

5. Access your car in your garage

After the purchase, the car appears in your Commody garage, where you can explore it and follow your co-ownership.

6. Grow your garage (coming soon)

Trade collectible car units with other collectors and expand your collection (feature coming in 2026).
Sale closes in :
25 €/unit
Units remaining:
1049
Reserve Your Spot