GTE Price ranges | FerrariChat

GTE Price ranges

Discussion in 'Vintage Ferrari Market' started by Bob Zambelli, Apr 5, 2017.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Bob Zambelli

    Bob Zambelli F1 Rookie
    Rossa Subscribed Silver Subscribed

    Nov 3, 2003
    3,492
    Manning, SC
    Full Name:
    Robert G. Zambelli
    What are low mileage GTEs bringing nowadays?
    Not for me, just curious.

    Bob Z.
     
  2. 635CSI

    635CSI F1 Rookie

    Jun 26, 2013
    3,001
    London UK
    Full Name:
    Graham
    Ferrari market letter has the GTE asking price as $388,037 down from $414,190 in sept 2016.
    I'm not familiar with the methodology but I guess that's for an average car, or an average of reported sales.

    Not sure how relevant low mileage is to a 1960's car but a reportadly "super nice" example 4139 GT went at RM Paris for just over $500,000.
    Offer prices in Europe vary greatly as does condition of the cars but the better ones like 4043 at Hexagon is offered at $555,000 and 3945 at Gipi for $500,000. These are of course offer side prices and i can't see bids and both cars have been on sale for a while. If you want to keep up, a subscription to the 250 GTE register and news letter is money well spent, IMHO.
     
  3. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,601
    Pittsburgh, PA
    Full Name:
    Matt F
    I'm amazed.

    Does anyone have info on how high GTE prices peaked in 1989?

    Matt
     
    greg512tr likes this.
  4. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    23,988
    Portland, Oregon
    Full Name:
    Don
    I don't think they were much over $100k. When I bought my 365GT in 1993, the owner told me how he had turned down a $110k offer back in 1989 (as I was paying less than half that), and in those days all the 2+2s sold for similar amounts.

     
  5. 635CSI

    635CSI F1 Rookie

    Jun 26, 2013
    3,001
    London UK
    Full Name:
    Graham
  6. TTR

    TTR F1 Veteran
    Rossa Subscribed

    Mar 29, 2007
    5,141
    Riverside, CA
    Full Name:
    Timo
    Shouldn't these types of discussions be in "Vintage Ferrari Market" section ?
     
  7. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,601
    Pittsburgh, PA
    Full Name:
    Matt F
    Right you are.

    Moved!

    Matt
     
  8. 500tr

    500tr Formula 3

    Feb 28, 2004
    1,144
    Germany
    Full Name:
    Volkmar Spielmann
    A good car, matching, certified is 450k Euro in the EU.
     
  9. T308

    T308 Formula 3

    May 12, 2004
    1,008
    Southern Cal
    I'll have to dig out the 1989 FMLs, but I have a July 1992 issue which has an article titled "Highs and Lows" where it lists the highest API for each model and indicates the process started in 1990. For the GTE, the highest was $149,948. The asking price index in the January 1990 issue was $149,743.
     
  10. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,601
    Pittsburgh, PA
    Full Name:
    Matt F
    Thank you. That is in line with my memory.

    Adjusting for inflation, that should put the peak price of GTEs at ~$300k.

    I can slightly understand that price for a 330 2+2 Series 2, especially with air conditioning, power steering and a 5-speed. It's very drivable in today's traffic. The GTE, or even 330 America, is less usable on a daily basis. Or just feels older.

    I can't wait to see what happens next!

    Thanks again,

    Matt
     
  11. TTR

    TTR F1 Veteran
    Rossa Subscribed

    Mar 29, 2007
    5,141
    Riverside, CA
    Full Name:
    Timo
    Hmm, I always thought all Ferrari 2+2s, just like their 2-seater (non-race) siblings, regardless of engine size or equipment level were also designed & intended for Grand Touring rather than daily commuter traffic, but with additional seating for 2 more passengers ?
    OTOH, if that daily commuting included some nice extended open highway stretches, I could see the point.
     
  12. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,601
    Pittsburgh, PA
    Full Name:
    Matt F
    All of these are 2+2s, which has a why I'm comparing them.

    My point was simply that the GTE feels like an old car. But I suppose some would prefer that.

    But I still don't understand a 50% increase (or whatever) over 1989 peak values.

    Matt
     
  13. peterp

    peterp F1 Veteran

    Aug 31, 2002
    6,510
    NJ
    Full Name:
    Peter
    I couldn't agree more with what Matt is saying. I really wanted a 2+2 to be able to take the family out. To me, the 330 GT S2 was the perfect balance between being old enough to retain the true vintage feel (being extremely simple and (suprisingly) lightweight) -- while being new enough in terms of having a lot of power, 5-speed and relative comfort so that it is a car you want to drive and enjoy driving and it still has the power you expect from a Ferrari. Also, to me, it is one of my favorite body designs. I really like the understated looks of it a lot. One thing I'm split on is the hanging pedals on the S2. I kind of like the idea of the older floorboard pedals (that the 330 GT S1 and all earlier cars have) for more of a vintage feel, but I haven't driven an S1 330, so I don't know if I would really end up preferring them for driving.
     
  14. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,601
    Pittsburgh, PA
    Full Name:
    Matt F
    Perhaps I misunderstood. I meant highway traffic, not bumper-to-bumper city traffic. The GTE isn't light and has only some 230 horsepower.

    Matt
     
  15. 635CSI

    635CSI F1 Rookie

    Jun 26, 2013
    3,001
    London UK
    Full Name:
    Graham
    Shall we re-name this thread "I think my 330 2+2 should be worth more than a GTE: discuss"?
     
  16. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,601
    Pittsburgh, PA
    Full Name:
    Matt F
    :)
     
  17. pnorell

    pnorell Formula Junior
    Silver Subscribed

    Mar 24, 2015
    334
    Los Angeles
    Full Name:
    Peter
    I currently own a 330 2+2 S1 and if you were to compare a GTE and a similar 330 the GTEs are definitely more valuable.
     
  18. fiatosca

    fiatosca Formula Junior
    Silver Subscribed

    Feb 20, 2013
    356
    Bloomfield Hills, MI
    Full Name:
    Bob B
    #18 fiatosca, Apr 10, 2017
    Last edited by a moderator: Sep 7, 2017
  19. John Vardanian

    John Vardanian F1 Rookie

    Jul 1, 2004
    3,043
    San Francisco Area
    Full Name:
    John Vardanian
    You did well, it's a beauty.

    john
     
  20. 635CSI

    635CSI F1 Rookie

    Jun 26, 2013
    3,001
    London UK
    Full Name:
    Graham
    Nice, RHD too !
     
  21. 635CSI

    635CSI F1 Rookie

    Jun 26, 2013
    3,001
    London UK
    Full Name:
    Graham
    She was white ,I think, in the film "Wrong Arm of the Law".
    Any plans on color ?
     
  22. fiatosca

    fiatosca Formula Junior
    Silver Subscribed

    Feb 20, 2013
    356
    Bloomfield Hills, MI
    Full Name:
    Bob B
    Yes it was originally white as seen in the movie. It's been red most of its life so no plans for color change especially since current paint is very nice.
     
  23. peterp

    peterp F1 Veteran

    Aug 31, 2002
    6,510
    NJ
    Full Name:
    Peter

Share This Page