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1989 Porsche 962 at Mecum Auctions: Well Worth the $3 Million

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One might wonder why a 27-year-old car is valued at $2.5 million to $3 million, but this 1989 Porsche 962 has the specs and the racing record to prove its worth. According to Mecum, Porsche had been disregarded as race competition at the time the Busby Racing 962-108 rolled up ready to go at Daytona International Speedway in 1989. Even though it had won the previous year’s IMSA championship, speculators still doubted its abilities.

Coupled with the one of the best endurance drivers around, Derek Bell, the 962-108 was unstoppable, finishing the race in first place just over one second ahead of the second-place car—the Nielsen/Wallace/Lammers Jaguar XJR9. That wasn’t the car’s final hurrah either. The car boasts top-five (11 of them) qualifying runs and includes achievements like:

  • Winner of the 1989 Daytona 24 Hours
  • Winner of the 1989 Palm Beach Grand Prix
  • Second place at Daytona in 1988

The 962-108 is one of four 962s used by Busby Racing and proved well worth the investment.

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(Photos by David Newhardt, Courtesy of Mecum Auctions)