91' F40, and a 85' 288 GTO selling as a pair @ $1.1million.

Combined they dont even have 1000 miles on them.

F40- http://www.drautos.com/Search/DRauSearchDetails.aspx?itemid=341237

288 GTO- http://www.drautos.com/Search/DRauSearchDetails.aspx?itemid=341236

 

Wish i had a 1.4 to spare..damn !!!

 

You're telling me...........

 

I'd take that couple over a low mileage Enzo anyday of the week.

 

The price is too high.
I mean you can buy a f40 for less of 360k and a GTO i dont know a lot about the price of the GTO but i think you can buy it for less of 550k.

 

you are right. whats the point that both of them are low mils. if you are going to drive the two then you can get other f40s and gto s for cheaper. if you are going to display them who cares what the mils are (the cars are just the same look). only a crazy collector with lots of money with buy them because of the mils.

but, it is nice to see such prestige cars!!!

 

if you look on the pictures of the gto, it has 1058

not to be picky but it is what i saw.

 

F40's are worth 340,000 to 400,000; 288 GTO's about the same. I dont think the low mileage is a big plus or aplus at all for these two cars...I say700,000 to 800,000 should easily buy both...but then, if someone wants them real bad, 1.1 million it is !!

 

That is in kilometers. I converted that amount assuming they were kilometers and it gave me 657 in miles.

 

Too bad they are being sold by a junk dealer...

 

Its funny how some seem to perceive what the value is worth.

I dare to find anyone to find something similar in the market. Good cars clean records will always command a strong dollar regardless of product.

For 1 mil its worth the price of admission, plus the boks and records and its pedigree. 35o k will not get you a f40 anywhere near that type of condition. As for a gto, i havent seen one less than 500 unless it has stories and ownership "sluts" behind it.

 

i don't know, but the mileage is a big plus for me. now i have in no way shape or form nearly enough to buy even one of the cars, but i wouldn't be surprised if they got closer to a million, but probably not over that mark. my guess would be 900k for both, and that's a fair deal i'd guesstimate.

 

+1

 

dam!!!

 

i got a call on this pair cars for 1.1, 3 weeks ago. its a bit strong for 1.1 but if the right buyer wants them bad enough they might get that number. i would like to see them fetch that kind of $$ i like to see the market strong

 

Both cars are in Exotic Cars at Exotic Cars at Caesar Palace.

They have a lot of exotic cars there, they have the pagani zonda monza.

 

If those two cars fetch more than $900,000 then the apocalypse will be upon us

If you reallly want a low mileage F40 you can find a good 1992 (better than the '91 being offered) at around $400k. An excellent GTO with all the correct DOT clearances and BAR stickers will go for no more than $400k as well.
The supposed big deal with these cars is a connection to Lee Iacocca. The 288 apparently is still on the original Italian title and doesn't have BAR stickers, although there are a whole sheaf of letters between the DOT and whoever owned it before the Caesar's Palace guys bought the pair for a cool million.

I'm rooting for them to fetch big dollars. It will only make the other F40's out there that much more valuable.

 

Interesting diversity of opinions. First of all I have only good things to say about the guys at Caesars Palace. I've known the General Sales Manager for 15 years and he is a stand up guy.

Those of you who think the pair could be had separately for around $800 to $900k are probably right ... assuming you could find two premium examples of each of them. BIG assumption! As someone else indicated these are no story cars, have heritage, are premium examples, and have ridiculously low miles.

I saw both cars prior to the sale to Caesars. They are indeed premium examples with the exception of a little front lip spoiler damage on the 288. The combined mileage of both is less than 1000 miles. Unheard of! The F40 has a special plaque that indicates it was built specifically for Lee Iacocca. This may have value to some and no value to others.

At the end of the day there is nothing else to compare these two cars to. I don't even know of a clean no story F40 for sale in the country right now let alone a 288. Someone who is a collector or an eccentric Ferrari enthusiast will appreciate what these cars are and will not likely worry whether or not they are paying a couple hundred grand more than what they MIGHT pay if they found comparable examples ... which might not happen.

 

I don't think that these particular cars are remotely rare enough for a real collector to pay "a couple of hundred grand more" for them.
If you were talking a special edition 1 of maybe 4 or 5 of a 50 year old car - maybe, but not an F40 of which there are 1300 examples or so around. The GTO is also a tough duck to value. Not as many as the F40, but several hundred in number means it is not a rare car. Add to the fact that there are a huge amount of 308 conversions which muddies the waters re the 288 even more.

I would love to see them get a huge number, but I am active in this marketplace, specifically for these types of cars and I don't know anyone who is a serious buyer at the market being even remotely interested in them at this hugely inflated price level - quite a bit more than your "even a couple of hundred grand".

And the real truth is that there are several better F40's out there - later model years and equally low mileage (which in an F40 is not really a plus).
I was offered this specific 288 a couple of months ago at an asking price of $450K and in my opinion it was not worth it as the car will need at least $50 in major service and engine restoration work to make it run right.

 

410SA - I love your car's and respect your knowledge, but there are not Several hundred 288 GTO's! _ On everything else I agree with you, These are not great car's and I think they'll struggle to sell them at such an obvious premium.

1311 - F40's

18 - F40 LM's

272 - 288 GTO's + 1 that was made later by the factory from Original parts

5 - 288 GTO Evo's

Argento

 

Umm considering they made roughly 278 288 GTO's. I would say that is "several hundred" GTO's...

Jim

 

Still think the pair are worth 1m, based on mileage, history, etc...
i cant see how 100k either way is a big deal for these, when people are getting crazy about going 50k over list for 430s and 599s.

 

Someone mentioned about passing on a 288 GTO because it was going to need $50K in service. Unless you get real lucky, they all are going to need $30K to $50K in service, if you intend to drive them. Ditto the F40. When I purchased my GTO from the original owner in 1993, the bill was $30K to just go through the car and get it road worthy. These are expensive cars to service. It's just the nature of the beast. I drive my GTO all the time so it's kept in great mechanical condition; and the checkbook knows.

At times, one may wish they had a water cooled credit card to keep these things on the road. But, it's worth it.

Oh, and $450K seems like a good price to me. I've turned down over $500K for mine, and it's no low mileage hanger Queen. just a nice high mileage every day driver.

Steve

 

Not in the market, but come across folks who are from time to time. And unless they're faking me out (pretty good pretenders, if so), these #'s aren't out of line for these cars, at present. And the extra $ in these cars are due to their unbent, doo-dad free, under 1K mile presentation. No real need to pay up to make 'em road-worthy, as they'll likely stay parked to preserve their time capsule status/value.

 

is the gto a canadian car then???