308 GTB euro spec

Hmmm if you think this is a bubble I recommend that you wait. In fact this would be the worst time to purchase one if you are correct.

I don't agree with your assessment of the market . I see it rather as a correction since values have remained unchanged so long.

But time will tell.

Good hunting.

 

I am currently selling my 308. Not a qv but a non cat car. Got some inquiries but everyone i have spoken to expect to be buying for prices that were common 5 years ago. As a previous poster stated some sellers will list their cars without doing their homework. But those who know what they have will ride the wave and wait for the right buyer at the right price. Good luck with your search.

 

outside of a vetro...i couldnt agree with you more

the vast majority of the folks asking for the sky high prices didnt own the car for more than 4 years

 

After reading your posts, it really seems that you should wait til the market does what you want it to...that is drop back to where you can get your euro GTB for $45K...

I think you'll be waiting forever.

Happy hunting!

 

The question is what do you think a current market price is? There has been at least one sale of a US GTB in the $90k range, so there's been a definite jump lately. Euro GTB QV sales are vanishingly rare, so finding a decent comp is really tough. I know, I have a vested interest there. I spent a long time looking for my car, but the search and wait was definitely worth it.

I will say I'm not planning on selling for a good long time and I'm enjoying watching the market scramble. That said, there is a price that would make it hard to say no. It starts with a 1.

 

Agree completely. There's nice and then there's perfect, and those are worlds apart.

My 77 Euro dry sump was really hard for me to find, and I would only let it go for about $100K...and it's not really nice, just okay C3/4.

Still wishing you best of luck...

 

the last 2 cars i sold were back on the market in less than a week asking double. no bubble... they say? i'd wish they would stay in the Derivatives and Shadow Banking and leave the vintage cars to the enthusiast.

 

I could´nt agree with you more. They do destroy the Market.
At the moment I think however that the 80-100k market is a descent and probably for the future holdable mark.

 

There is a 1980 GTB euro car 53km/mi New clutch brakes belts for 42000.00 on jacksonville FL Craigslist posted 4 days ago.

 

That car sold I believe, chronicled in the 308 section.

 

Of course, the converse argument is that the higher selling prices allow and/or motivate higher level restorations of many of these cars which could otherwise have gone down rocky roads of misuse and abuse, placing outstanding cars back into a marketplace which otherwise could or would have been filled with mediocre cars. When a GTB was worth 35k, it was a rare time indeed when someone would spend $50-$100k on a restoration, but at $75-$125k, it becomes much less burdensome to go whole hog on a restoration, and many higher quality cars end up on the market. This is much like what happened to the 190SL market, where rust buckets were transformed back into legitimate concours quality cars.

WRT our old blue car, I can assure you that it is not the same car, nor did we ever sell it for $45k. That car went overseas to a very happy new buyer, who paid substantially more for the car than $45k - just in the interest of correcting the "real world market"

 

I agree with the original argument that as an item increases in value, fewer people will be able to buy it. However, this isn't toothpaste--it's a Ferrari. As the price goes up, MORE people are going to want to buy it, not fewer. This very well may be your last chance to own one of these cars at anything approaching an attainable price, and people seem to get that fact at last.

I believe that bubbles go both ways. The "bubble" is the area on a price chart that forms between the current price and the long-term trend line, or the general rate of inflation. The 308 has been priced under the long-term inflation rate for a very long time. That bubble (under the inflation rate) is now bursting and cars are arguably trading at something closer to trend. Will another bubble form above the trend? Possibly, but I don't see that yet.

I could be completely wrong, but I don't see how a 308 GTB QV is a $40-$50k car now or ever again barring WWIII.

 

A ship that has sailed...
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yep, stupid me was 2nd bidder on a classiche glass two years a ago, sold for 63 plus premium. I though I'd find another but never got around to it. RM Arizona 2011. I figured these would be 250k cars at some point, and they will be, and maybe more at some point.

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Euro car now at rmp, I think he has two dry sum cars.