Risky bidding? Porsche 928 from Risky Business sells for world record $1.98m

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The Porsche 928 driven by Tom Cruise in 1983 film 'Risky Business' has sold for a staggering $1.98million (£1.45million) at a US auction over the weekend, setting a new world record figure for the German sports car.

It went under the hammer alongside a raft of collectible American vehicles at the Barrett-Jackson Auctions sale in Houston, stealing the show with a staggering winning bid not foreseen by movie collectors or classic vehicle experts.

That's no surprise given that a mint example of a 1979 Porsche 928 like the one sold is estimated to be valued on average at just under £31,000, which is a fraction of what the new owner paid in Texas.

Risky bidding or a sound investment? This is the 'hero' Porsche 928 driven by Tom Cruise in 1983 film Risky Business. It has sold for a world record $1.98million (£1.45million) at a US auction over the weekend

Three 1979 Porsche 928s were used for the movie, with this being the one heavily featured in the car chase scene with Cruise at the wheel

The auction house says this is the 'hero car' from the Paul Brickman 1983 film.

That means that despite three 928s being used during shooting for the movie, this is the car that was featured most heavily, racking up the most screen time - and Tom Cruise seat time - during the making of the cult flick. 

Barrett-Jackson Auctions says it is one of two cars used during the film's iconic chase scene that culminates in Tom Cruise, playing Joel Goodson, looking into the camera and quoting the German carmaker's slogan at the time: 'Porsche. There is no substitute.' 

It's also famous for being the car in which Cruise learned to operate a manual gearbox ahead of appearances in other motor-related films, including 1990 hit 'Days of Thunder' with the actor playing Nascar racer, Cole Trickle. 

More importantly, it isn't the 928 from Risky Business that infamously ended up sinking in Lake Michigan. That car was purely a 928 shell that had been stripped of its powertrain as to not unnecessarily destroy a perfectly good Porsche in its entirety.

Importantly, the car auctioned is not the Porsche that was used for the scene where main character Joel Goodson, played by Cruise, can't prevent it from plummeting into Lake Michigan

The Porsche used for the sinking scene had its powertrain removed so that the film crew didn't destroy an entire 928 sports car

The Porsche went under the hammer alongside a raft of collectible American vehicles at the Barrett-Jackson Auctions sale in Houston, stealing the show with a staggering winning bid not foreseen by movie collectors or classic vehicle experts

This model was also the star of a documentary 'The Quest for the RB928' which tracked filmmaker Lewis Johnsen's attempts to locate the car. 

The documentary found that once filmed had ended, the 1979 Porsche 928 has resided in a private collection, meticulously being kept and cared for in climate-controlled storage.  

'Following the film's production, the car returned to California, where it was discovered and returned to its original screen appearance,' says the auction house.

This 928 is famous for being the car in which Cruise learned to operate a manual gearbox ahead of appearances in other motor-related films, including 1990 hit 'Days of Thunder' with the actor playing Nascar racer, Cole Trickle

This particular 928 has been featured at numerous museums and displays, including being the centerpiece at Porsche Cars North America for a year and part of the Petersen Automotive Museum's influential Porsche Effect Exhibit and has been sat in by Chad McQueen, son of legendary racer and actor Steve McQueen

Barrett-Jackson Auctions says it is one of two cars used during the film's iconic chase scene that culminates in Tom Cruise, playing Joel Goodson, looking into the camera and quoting the German carmaker's slogan at the time: 'Porsche. There is no substitute'

It was also the feature at numerous museums and displays, including being the centerpiece at Porsche Cars North America for a year and part of the Petersen Automotive Museum's influential Porsche Effect Exhibit and has been sat in by Chad McQueen, son of legendary racer and actor Steve McQueen. 

The previous world record auction price paid for a Porsche 928 was €253,000 (£216,833) in 2016 for a Clubsport Prototype example, which is one of only five made that was owned by factory race team driver Derek Bell.

That example was sold at the Bonhams Zoute Sale in October that year, with Bell having covered 42,000 miles in it as a company car between June 1987 and February 2005.

The previous world record auction price paid for a Porsche 928 was €253,000 (£216,833) in 2016 for a Clubsport Prototype example, which is one of only five made that was owned by factory race team driver Derek Bell

This model was also the star of a documentary ' The Quest for the RB928' which tracked filmmaker Lewis Johnsen's attempts to locate the car

The The documentary found that once filmed had ended, the 1979 Porsche 928 has resided in a private collection, meticulously being kept and cared for in climate-controlled storage

That figure has now been eclipsed more than six times over by the Risky Business 928, which was offered to the highest bidder with no reserve.

Hagerty, which specialises in valuing collectible models, says a 'concours' (meaning it is in such a condition it could be displayed in a museum) 928 today is worth on average £30,600. 

That means the winning bid was 47 times what the priciest of standard 928s usually cost in 2021.

While it's not the most expensive film car of all time - short of the $4.6million paid in 2010 for the Aston Martin DB5 from James Bond films 'Goldfinger' and 'Thunderball' - the winning bid far exceeded expectations.

Barrett-Jackson says the car features signatures from several members of the film's cast, including Bronson Pinchot (Barry), Joe Pantoliano (Guido), Curtis Armstrong (Miles) and Francine Locke ('Shower Girl') - though not Cruise himself. 

This movie example has 16-inch offset five-hole aluminium alloy wheels and features a cork-on-cork leather interior that is original from the film's production

The Porsche 928 is powered by a front-mounted 4.5-litre V8 engine linked to a five-speed manual transmission that sends power to the rear wheels

Hagerty, which specialises in valuing collectible models, says a 'concours' (meaning it is in such a condition it could be displayed in a museum) 928 today is worth on average £30,600. That means the winning bid was 47 times what the priciest of standard 928s usually cost in 2021

Originally painted white, the 928 was refinished in 'Platinum Metallic' for the movie. 

It is powered by its original 4.5-litre V8 engine linked to a five-speed manual transmission that sends power to the rear wheels. 

The famous example has 16-inch offset five-hole aluminium alloy wheels and features a cork-on-cork leather interior. 

It was sold with a selection of images of the car on set covered in camera rigging equipment. 

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