FERRARI 288 GTO

Indeed I'm aware that the USA car (technically) had 2 prior owners, but, the famous USA Ferrari collector accompanying Stan Nowak in the article posted was who?

 

I assume by "REAL" you mean the actual selling price of a 288 GTO versus what is being asked...

250P's suggested range is good, but I will suggest a slightly higher top end and revise it to GBP 450k - 600k (based on a recent sale).

 

Yes, Joe, that is what I meant by real (actual sell price, as opposed to asking prices).
Thanks for your input...

 

It was broad-sided by a UPS truck.

 

There's a story

 

indeed, there's a good little detail worth knowing

 

Yes we know this, but when you say "briefly owned by UPS", I expected you to share details of UPS's ownership of same complete with USA Title.

I apologize for taking you literally

You see, I once sold a Miura SV that belonged to Coca Cola bottling co. Literally. I have a copy of the USA Title clarifying same.....

 

Sorry. When I said "owned" I meant it in the colloquial, pejorative sense (e.g., "that car got owned.").

 

Thanks for the clarification, my question was meant to elicit same for the benefit of all.

 

I was thinking the same. This car is awesome and rare but I just dont see the half a mil sustainability.

 

Anything is possible and we can never determine the future, but this 288 GTO recently sold for a million US $. IMO they will have no trouble sustaining half that number..
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Indeed. A new 599 GTO can hit that # w/a few whacks of the carbon stick.

 

It's a much different world market now than it was in the 80s. With the rise of millionaires (or even billionaires) in Russia, China, and elsewhere, worldwide the car has a much larger market than it did 25 years ago and there aren't anymore 288 GTOs out there than there was in the 80s.

I don't see why $500k isn't sustainable when a new one will cost you nearly $300k.

 

OMG Ferrari has continued the run?!?!?!?!

Hey if Shelby can do it with the Cobra why not Ferrari right!!!!!!!!!!!!!!!!!!!!

 

Nice picture, nice prices

250 GTO #3445 $3.5 million
288 GTO #55181 $395k
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Awesome ad in many respects, thanks for sharing.

 

Holy hell! The SWB prices make me shed a tear!

What was the date of the ad?

 

He stated in the post - June/July 1996.

 

Oh, missed it in the heading. Must've been distracted by the ad

 

And the GTO is worth maybe 7-10 times that today. Sweet pic.

 

I agree with Joe. I don't believe we have the same leverage problem today that existed in the Ferrari market in 1989. Since then, we've minted many new millionaires and billionaires, but, to the best of my knowledge, no new "older cars". Simple supply and demand will probably rule the day. Heck, even MBZ 300SLs, which have similiar production figures to F40s, are sniffing around $1M with specials ones, as we all saw in Arizona, doing a whole lot better than that. I was also interesting to see some Middle East money flowing into the market. Middle East, Chain, Russa, India, Facebook, etc. There is almost no end to new wealth being created. Of course, they may choose to spend their money elsewhere.

Steve

 

Joe,

Be sure to include this one in your database: http://ferrarichat.com/forum/showthread.php?t=355325

 

Jacques,

For what it is worth, I was once told by people at the factory that a lot of the 288 GTOs had their body parts painted in groups (a group of doors for example) and then assembled on the cars. Compared with painting all the parts for a particular car at the same time using the same paint. The exact tint of red paint didn't always match between the batches. No one particularly cared that much about this sort of thing back then. While I don't think this happened with 288 GTOs, but it might have, I was told that some F40s were not assembled at the factory, but were sub-contracted to local vendors because of demand.

Steve

 

And Lord knows the factory was using up some spare parts to build those cars. Still, hard to imagine the quality of assembly was any worse. Although, I did take a late MBZ 300SL to a well-known 300SL restorer that has won a lot of rewards restoring the cars, when the engine was removed I was sure the car must have been in an accident because of the poor quality of the welding on the chassis. My comment was something along the lines of if this were a Ferrari it wouldn't surprise me, but no way Mercedes would do such a poor job. He smiled and told me I was wrong. This was typical of the work he sees on the later MBZ 300SLs. I don't know if he meant it as a joke or not, but he said factory just wanted to get the production over with and move on to the new cars and didn't take the same care in assembling the cars. Maybe, maybe not. Of course, I had the same problem with one of my Daytona Spyders. I thought for sure it had been hit in the right rear. Once it came down, it was clear it wasn't. It just wasn't someone's best day at Scaglietti when they were forming the metal in the right rear of the car. The left side of the car was so much better than the right. Probably a less experienced person built the right side of the car.

Steve

 

I was referring to a new Ferrari in general.