Barrett jackson 348 | FerrariChat

Barrett jackson 348

Discussion in '348/355' started by driveitdaily, Jan 15, 2015.

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  1. driveitdaily

    driveitdaily Formula 3

    Jul 20, 2013
    1,041
    lake ariel pennsylva
    Full Name:
    john
    89 348 tb w/ 40,000 miles just sold for $40,000. Things are looking up :)


    1994 ferrari 348 spider , third owner purchased may 2013 w/ 27804 miles
     
  2. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,232
    CT
    Full Name:
    John Kreskovsky
    From the B-J web site, one owner estate car. (??)

    For sale at auction: Lot #774 - Original unrestored Ferrari 348 TB from the original owner's estate in Augusta, GA. The car was bought brand new in 1989 at FAF Motorcars (Ferrari of Atlanta), a factory authorized Ferrari dealership. It is a US model car with the original Bill of Sale that shows the original owner paying FAF Motorcars $160,000 plus sales tax for this car. The car comes with every book, record, receipt, leather books, leather tool kit, original factory brochures and posters. It had the 40,000 major service done and when that was done it also had the upgrades done to the factory air conditioning and the Bosch computers. The car runs and drives fantastic. It has the original paint that is a solid. The original Connolly leather interior still smells new. Non-smoking owner. The car was custom ordered for the original owner so every factory letter, dealer and factory correspondence is in this cars very thick file. Original owner ordered the car factory radio delete. Four brand new high dollar Goodyear Supercar tires. Clean CARFAX.
     
  3. driveitdaily

    driveitdaily Formula 3

    Jul 20, 2013
    1,041
    lake ariel pennsylva
    Full Name:
    john
    Funny thing for such a nice car , when it rolled by the cameras it looked like the lips on the wheels were chewed up a little . Lol


    1994 ferrari 348 spider , third owner purchased may 2013 w/ 27804 miles
     
  4. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    #4 Wade, Jan 15, 2015
    Last edited by a moderator: Sep 7, 2017
  5. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,346
    Kzoo Michigan
    Some people are really good at destroying rims. I can't believe some of the cars I have come across. Looks like it has been chewing on curbs and loving it!!
     
  6. SoCal1

    SoCal1 F1 Veteran
    Owner Silver Subscribed

    Jun 14, 2011
    8,630
    SoCal LA/OC/New Mexico
    Full Name:
    Tim Dee
    It sold well.

    The Chevys and fords before it were sold less then parts cost. I grabbed a resotomod pickup couple years ago and almost doubled my money parting it out for other projects. Sure the builder cried.

    :)
     
  7. harleyx49

    harleyx49 Karting

    Jun 26, 2013
    122
    Hutchinson, MN
    Full Name:
    Mike
    Is that $160,000.00 a realistic number ?
    I have a 1991 348 TB and thought that it might have a MSRP of around $100,000.00.
    What are the extra $60,000.00 new options in 1989 ?

    I do not have the original Bill of Sale for my 348 but was just curious about this 1989 price.
     
  8. driveitdaily

    driveitdaily Formula 3

    Jul 20, 2013
    1,041
    lake ariel pennsylva
    Full Name:
    john

    I think some messed up and switched the zero and six . 106 would be more like it . Lol


    1994 ferrari 348 spider , third owner purchased may 2013 w/ 27804 miles
     
  9. NeuroBeaker

    NeuroBeaker Advising Moderator
    Moderator

    Oct 1, 2008
    40,021
    Huntsville, AL., USA
    Full Name:
    Andrew
  10. driveitdaily

    driveitdaily Formula 3

    Jul 20, 2013
    1,041
    lake ariel pennsylva
    Full Name:
    john
    I would guess most guys here bought our 348 at or near the bottom of the value curve , and wow what a nice car , for the money. , but turn time back to 1989 , consider the car was over 100k and you could understand some megative press , awesome car for 30k , 40k . But 100k , 130k or 160k ??????
    Please dont get me wrong , i love the 348 , but that was an insane amount of money then , still is .

    1994 ferrari 348 spider , third owner purchased may 2013 w/ 27804 miles
     
  11. ARTNNYC

    ARTNNYC F1 Rookie
    Owner Rossa Subscribed

    Jul 8, 2005
    3,795
    Bonita Springs, FL
    Full Name:
    Jerome
    makes me think my 93 348 SS with 21k miles is worth quite a bit more than the 44k paid at BJ
     
  12. Stentboy

    Stentboy F1 Rookie
    Owner Rossa Subscribed

    May 8, 2008
    2,815
    Texas
    Full Name:
    Ron
    This thread has caused me to think about what I'm going to have to do with my car some day. Especially now that I contemplate downsizing. I am the original owner of a red/tan 1992 348tb with 1900 miles on it.
     
  13. TrojanFan

    TrojanFan F1 Veteran
    Owner

    Nov 17, 2008
    5,169
    So. CA & NV
    Full Name:
    Peter
    How about drive it?
     
  14. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    I'll wager that you'll get less than what you have invested in it. Give it another 5 or 10 years.


    Or, as TF said, drive it :)
     
  15. 308 GTB

    308 GTB F1 World Champ
    Rossa Subscribed

    Feb 7, 2002
    11,723
    New Jersey
    Full Name:
    Barry Wolinsky
    :D
     
  16. Stentboy

    Stentboy F1 Rookie
    Owner Rossa Subscribed

    May 8, 2008
    2,815
    Texas
    Full Name:
    Ron
    Thanks, I'll take your counsel under advisement.
     
  17. peterdavid911

    peterdavid911 Formula 3

    Apr 9, 2012
    1,340
    London, UK
    Full Name:
    Peter
    You guys are so lucky over there in the US. A very good right hand drive 348 here in the UK is £40,000, approx $60,000. Prices have risen here.
    Great value in comparison.
     
  18. peterdavid911

    peterdavid911 Formula 3

    Apr 9, 2012
    1,340
    London, UK
    Full Name:
    Peter
    You guys are so lucky over there in the US. A very good right hand drive 348 here in the UK is £40,000, approx $60,000. Prices have risen here.
    Great value in comparison.
     
  19. vjlax18

    vjlax18 Formula Junior
    Silver Subscribed

    May 12, 2014
    687
    Nottingham, MD
    Full Name:
    John
    #20 vjlax18, Jan 16, 2015
    Last edited: Jan 16, 2015
    That's a low price for a TB. I've been tracking 348s for a year now and TBs never come that cheap. They seem to be consistently selling for $10-15k more than the TS models.

    This car: Ferrari 348 Targa | eBay was purchased at a Mecum auction for $40.5k and that dealership has had it on eBay for several months now. It's never made it past $31k in bidding... they lost their butt on this one.
     
  20. modena2904

    modena2904 Formula Junior
    Owner

    Jul 6, 2007
    917
    Ellicott City, MD
    Full Name:
    Eric
    I collected a lot of in-period articles/videos about the 348. I don't think I ever saw one that had anything negative to say. In its day, the 348 was considered a huge positive step over the 328. Early on, it was in high demand, so buyers paying a premium over the $100k-ish sticker would not be a surprise.

    - Eric
     
  21. Meister

    Meister F1 Veteran
    Silver Subscribed

    Apr 27, 2001
    5,516
    Duluth, MN
    Full Name:
    The Meister
    You must have missed that black/tan TB that sold to a member here from a dealer in TX sub $30K. That car previously was bought by the dealer for $24k probably 2+ years ago. I agree with your overall thought, just there are always cars on the out lying ends of the spectrum
     
  22. RSO1091

    RSO1091 Formula 3

    Mar 31, 2012
    1,547
    Idyllwild, CA.
    Full Name:
    Henry S.
    I saw this car in person at Barrett-Jackson and she looked to be in very good condition.

    Henry
     
  23. Fast mustang

    Fast mustang Karting

    Nov 15, 2014
    173
    Island lake Il
    Full Name:
    Ron
    If they wanted to try and get better money for this car they should at least try and paint the front bumper bottom black or paint all the lower red not just leave it mis match
     
  24. vjlax18

    vjlax18 Formula Junior
    Silver Subscribed

    May 12, 2014
    687
    Nottingham, MD
    Full Name:
    John
    The best part about that car is that the auction photos have the wheel backwards too. They literally did nothing to the car.
     

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