Further proof testarossa's should skyrocket in value... :).

i simply can't believe the testarossa will be a $30K car. i would buy another at that price. i think it's a great car for the money, and the maintenance isn't killer. my car has sat for about 2+ years before i bought it and i only had to replace fuel lines. i think the annual maintenance of a TR can be low, 2-3K per year. compare that to the V8s, i think it is favorable for a 12 cyl.

i'm sure that as time passes there will be more ratty cars on the market, those will be the 30K cars, and they will probably create enough of an impression on uniformed buyers so as to dull the entire TR market. but i think, eventually, the duds will be separated from the studs in buyers' minds and the better cars will bring much more money than ratty cars...much like 308s today.

john

 

You have mentioned this in more than one thread multiple times, with all due respect, I will like to know what shape are these $30K Testarossas in? service history? Place of origin, are they gray market cars or US versions? In other words, in the world of exotic automobiles, a little more detail on these cars other than just a blanket statement would be appreciated.

A good friend of mine is selling his ~'92 AMG 500E. Only owner with all the service records for $15K. It was around $90K-$100K when new and was the state of art back then. It has a lot of electronic aids that are starting to go bad and starting to need to be replaced. According to him, the electronic throttle unit is about $1,500 to replace (If you have a V12 MB, you will need two of these). And it is not any cheaper to up keep when compared to Ferraris, Lamborgihinis or Porshces. It has been on Craiglist for at least a couple of month with no buyers. My point is, I can tell you the asking price of a well kepted 1992 AMG 500E, which IMO, is a little better measuring stick to start with than the generalized quote of "There are many Testarossas selling in the $30K range".

 

I suspect they are #3 or #4 cars that need a major service ..but, I do not know for sure...

 

Thank you for answering. Regards.

 

After watching Barrett-Jackson over the years it appears to me that they drive he market - not the other way around. I suggest that F-Car/ TR prices have been driven down by Barrett-Jackson (though perhaps not intentionally).

When was the last time you saw quality, vintage F-Cars at a BJ auction - cars that will catch 'new' top dollar values and drive the market 'up'? Yes, a few nice, late model cars pass the block at average prices - but I do not recall much (any?) in the way of top quality, vintage F-Cars. e.g: the last daytona I saw cross the BJ block was a dog. The BJ 'dog' examples have deserved bottom dollar and as such, have driven the overall market 'down'.

I suggest that the F-Car prices will stay depressed until BJ decides that euro cars are 'in'. Maybe the 914 will get the ball rolling(?).

Rgds,
Vince

 

One millon US for a 275 4 cam and auctions are driving Ferrari's down?

 

Show me a running TR for 30K and I will buy it now. Seems like misinformation is being spread, yet again, by another misinformed boxer owner, that isn't even involved with the TR market. Ratty cars selling at auction aren't indicative of the market price of a car.

 

Napolis sold his running TR a few years ago for under $30k.

 

Rifledriver - your post made me look into it a bit deeper.... you may have a valid point. I took the BJ auction 'sale' prices and the year of auction and graphed 'em. The graph appears to make a TR 'hold' recommendation.
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Those prices are pretty strong but not surprising for an auction frenzy. People go to those things and leave their brain at home. Have seen a lot of 2nd and 3rd rate cars go across for more than great cars go for out of the circus tent.

 

LOL he's a TR owner and an ex ferrari mechanic, LOL. Werent you supposed to stop BB bashing especially since this thread has nothing to do with boxers?
Always make you words soft and sweet because someday you might have to eat them

 

the voice of reason! great point!!

 

Hmm.... even more interesting. Breaking out the data into center bolt vs 5 bolt cars and we see a fairly clear trend. YMMV
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Not you again. Who is boxer bashing, I am merely making a point. No need to eat my words, I dont think you are even aware who I am referring to. BTW that was soft and sweet

 

Maybe this is like the depression/WW2 days - cars were bought and sold over tires or the amount of gas in the tank...so, center-lock 16" Testarossas become more valuable for a servicable set of tires than for the cosmetic or mechanical quality?

Just kidding, I hope...

 

Yes, but the 5 bolt were worth more to start with. Of course they also include the 512...

The market has been flat. Its a 20 year old car. Seems like 30 years old is the magic number...

Could you plot the graphs for cars from the 70's?

 

Here is the data I used - no 512's - only TRs - nothing past 1991.
Sorry - but lunch break is about over - the 70's cars will have to wait for another day!
Lot* Year* Price Auction Year
956* 1985* 66150 1997
411* 1986* 59940 2001
419* 1986* 60900 1999
396* 1986* 62475 1998
442* 1986* 73500 1995
26* 1987* 68775 1995
364* 1987* 70000 1995
642* 1988* 49350 1999
693* 1988* 81900 1999 arie luyendyk car - likely skewed too high
767* 1988* 76650 1997
716* 1988* 83160 2002
419* 1989* 69300 1997
715* 1989* 79800 1996
6005* 1989* 88560 2003
758* 1990* 74200 2000
721* 1991* 77175 1998

 

BJ is the place for selling muscle cars, hot rods,etc...but NOT Ferraris.
They do not drive the Ferrari market.

You need to take a look at the auction results from the various Monterey weekend auctions for comps. Those auctions are all about Ferraris, race cars and other European exotics.

Here's some results from August.

Gooding & Company

Lot #77 1972 Ferrari 365 GTS/4 Daytona Spyder $748,000
Lot #40: 1974 Ferrari 365 GT4 Berlinetta Boxer $123,200
Lot 49 1971 Ferrari 365 GTB/4 Daytona Coupe $341,000
Lot 68 1958 Ferrari 250 GT LWB Berlinetta $1,540,000

Bonhams
Lot 525 750 Monza 0492M $1,107,000
Lot 552 365GT 2+2 13041 $117,000


RM Auction

467A SAT 1951 Ferrari 195 Inter $231,000 Sold
175 FRI 1977 Ferrari 208 GT4 $31,900 Sold
498 SAT 1970 Ferrari 246 GT Dino $99,000 Sold
488 SAT 1963 Ferrari 250 Drogo Speciale $275,000 Sold
461 SAT 1957 Ferrari 250 GT LWB Berlinetta $341,000 Sold
433 SAT 1964 Ferrari 250 GTO Replica $264,000 Sold
462 SAT 1967 Ferrari 275 GTB/4 $990,000 Sold
107 FRI 1980 Ferrari 308 GTSI $28,600 Sold
411 SAT 1967 Ferrari 330 GTC $170,500 Sold
448 SAT 1951 Ferrari 340 America by Ghia Coupe $852,500 Sold
442 SAT 1971 Ferrari 365 GTB/4 Daytona Coupe $181,500 Sold
474 SAT 1971 Ferrari 365 GTS/4 Daytona Spyder Alloy Conversion $253,000 Sold
470 SAT 1972 Ferrari 365 GTS/4 Michelotti Nart Spyder $385,000 Sold
465 SAT 1958 Ferrari 412 S Sports Racing Car $5,610,000 Sold
472 SAT 1957 Ferrari 500 TRC Spider $2,282,500 Sold
497 SAT 1983 Ferrari 512BBI $88,000 Sold
456 SAT 1992 Ferrari F40 GT Berlinetta $650,000
425 SAT 1987 Ferrari Testarossa $71,500 Sold

Russo & Steele
1970 Ferrari 365 GT Final Bid: $ 149,600
2002 Ferrari 360 Challenge Final Bid: $ 86,900


CHRISTIES

1952 225 Sport Spider by Vignale ... $1,280,000
1967 330 GTC ... $170,375
1967 4 Liter GT Michelotti ... $345,000

Also, Lamborghini Miura P400 SV ... $477,000

 

JayF - Looks like you have either a fan or a stalker following you around on the net *LOL*.

 

Lest anyone forget:

Testarossa - 7177
512 TR - 2261
F512 M - 501

We're not talking about something that is all that rare in the grand scheme of things...

 

Are you trying to tell me that trying to compare them to 70's Ferrari's (we won't count 308's) is not Apples = Apples????

 

I see you haven't yet started drinking tonight...

 

What makes you think I've stopped from last night?

 

Ah yes, practice makes perfect...

 

That makes me both nauseous and a little upset........that I wasn't the buyer!!!

If I find/found a Testarossa in the 30s that was running, I would buy in a heartbeat. As would 1000s of others.......

With that being said, I am not sure about TRs going in the 30s at auction. Maybe 3-4 years ago when prices seemed to wane for a bit.

Heck, I remember for a bit when 308s were found from $16k for beaters to $25k for a good car in the standard market. 328s ranged from $25k - 32K and some 348s were getting close to the $34k range.

Seems to me like EVERY Ferrari from 308 to Testarossa has gone up around $5k per car.

And that isn't even getting into Boxer level where I remember seeing a few for $65k that were nice cars.

And Countaches that were in the $55k range for a running decent car that now sells for $75-80k.

Yep, 4-5 years ago seems like a different time!!!

Anyone agree??


I even remember a scoundrel of a judge buying a 308 in Chicago for DIRT cheap!!! I remember a certain fellow FChatter crying like a little baby about not getting it first, for weeks. The guy couldn't let it go for the longest time. Probably STILL brings it up!! ;-)