value for unrestored 365 gt 2+2 | FerrariChat
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value for unrestored 365 gt 2+2

Discussion in 'Vintage Ferrari Market' started by rachidbaligh, May 10, 2011.

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  1. rachidbaligh

    rachidbaligh Karting

    Dec 18, 2008
    189
    Scottsdale AZ
    Full Name:
    Rachid
    #1 rachidbaligh, May 10, 2011
    I'm in Colorado, how much should I pay for an unrestored 1969 ferrari 356 GT 2+2? It's silver with black, i always wanted one, it belongs to a friend.. the last time it was serviced was like over 5 years ago... any thoughts?
     
  2. Peter

    Peter F1 Veteran
    Owner

    Dec 21, 2000
    6,440
    B.C., Canada
    #2 Peter, May 11, 2011
    Depends on how "unrestored" it is... What's it's current condition (honestly)?
     
  3. 335s

    335s Formula Junior

    Jan 17, 2007
    870
    SF Bay Area
    Full Name:
    T. Monma
    #3 335s, May 11, 2011
    How complete is the car-and more importantly: How ORIGINAL is the car?

    You will NEVER get the money out of this car-in your lifetime-if you buy a perfect car, then restore it to "show" caliber (capable of National Ferrari event class winning status..)
    Cost, pkus expenses, equals black financial hole...
    If you want a "perfect car", then buy a "perfect car"...don NOT try and "Build" a perfect car-just drive this nice original car, and have fun with it...the restoration thing has just gotten toooo expensive-even for men of substantial means..
    Sad, but probably true....
     
  4. BIGHORN

    BIGHORN In Memoriam

    Sep 18, 2006
    733
    FLORIDA/NEW MEXICO
    Full Name:
    JOHN F KELLY
    #4 BIGHORN, May 11, 2011
    Monma is absolutly right.
     
  5. rachidbaligh

    rachidbaligh Karting

    Dec 18, 2008
    189
    Scottsdale AZ
    Full Name:
    Rachid
    #5 rachidbaligh, May 14, 2011
    Peter, the current owner owned it for around 11 years.. car looks ok paint wise, with lots of wear on headrests and leather, some broken front bumper turn signal cover.. Car seems original, it doesn't have front lights cover. I think the car just sat a lot and didn't get much TLC. He didn't drive it much, a summer or two ago the clutch cable snapped and it's been just sitting in the garage ever since, the last main service I believe was done at Ferrari of Denver right after the purchase...
    Monma, I also noticed that as well.. it doesn't matter if it's a desirable Lusso or a more affordable vintage like the 365's proper restorations are so out of reach. I do have a 2001 456m I'd want to consign or sell, I just was never a newer Ferrari kinda guy, classic front engine Ferraris always got my attention.. This friend of mine is asking 80k.. I really appreciate your feedback guys.
     
  6. Peter

    Peter F1 Veteran
    Owner

    Dec 21, 2000
    6,440
    B.C., Canada
    #6 Peter, May 14, 2011
    If you can accept the cosmetics the way they are, I wouldn't worry too much about it. I like the way the cars look WITHOUT the headlight covers, so that's not a bad thing in my book to be without them. Wear on the leather is okay if it's still intact (not all torn up). I believe turn signal lenses are available in Europe...

    I'd concentrate on getting the mechanicals freshened up - fluid changes, fixing that clutch problem, rebuild the carbs, grease-up the distributors and time them on a dizzy machine. I'm sure all of the hoses, accessory belts and any other rubber products on the car will be old, so those should be replaced, certainly for safety's sake.
     
  7. brettski

    brettski Formula 3

    Feb 29, 2004
    1,754
    north of toronto
    Full Name:
    brett swaykoski
    #7 brettski, May 14, 2011
    Last edited by a moderator: Sep 7, 2017
    by comparison, we just bought this example for just over the century mark...
    decent but not great paint, excellent compression, weak second gear syncro, perfect leather, perfect Borranni's, very good XWX's and fairly local to us.
    importantly though, was the fact that we reaquired a previously owned car...so sentimentality was a factor.
    the magnetic decal on the tail was peeled off before we pulled away...but not sure yet what were going to replace the Vitolini Cali's with...
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  8. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,119
    Portland, Oregon
    Full Name:
    Don
    #8 donv, May 14, 2011
    IMO $80k is too high for a non-running 365GT (as a 365GT owner, I hate saying that!).

    US cars never had headlight covers, so unless you see some indication that it had them, it probably never did.

    Incidentally, my clutch cable snapped a few years ago. Fortunately, I was stopped at a stoplight with a slight downhill, and I was able to let it start rolling and then ease it into 2nd, and made it all the way home!

    The good news is that these cars are pretty reliable. Once you get it going, it should be fairly reasonable to maintain.
     
  9. Mrpbody44

    Mrpbody44 F1 Veteran

    Jul 5, 2007
    7,899
    St Augustine Florida
    Full Name:
    Steve Metz
    #9 Mrpbody44, May 14, 2011
    Sounds like a $65,000 range car to me with out seeing it. Limited market for these cars.
     
  10. rachidbaligh

    rachidbaligh Karting

    Dec 18, 2008
    189
    Scottsdale AZ
    Full Name:
    Rachid
    #10 rachidbaligh, May 14, 2011
    Thank you guys, this really hepls..
     

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