308 GTB Vetroresina

That car was listed at 70K Euro about 6 months ago on Anamera. I contacted the seller regarding its availability and the next day the price went to 75K Euro on the website and I then got a response...funny!

Ciao!

Hannibal

 

Poor tactics...perhaps he thought you as having very deep pockets full of dollars?

More seriously, I guess that the average price that people looking for a good glass car are ready "to put right on the table on the spot" these days in France is "about 65.000 euros".
Of course, this does not take into account people for whom money is not a factor...

Let's accept the usual "margin of discussion" which is considered here to be 5 to 7%; that is to say that if the car is really good, with a clear history, asking 75.000 he should be expecting a sale at 70/71.000 to a french customer.

Somebody from abroad may agree to pay more, but here in France at 70/71.000 that car is still a bit overpriced. You might think that the difference between 65.000 and 70.000 is small, but the market is dormant these days...it's a buyer's market, not a seller's one...

Rgds

 

C'est du bonne information. Merci bien!

Ciao!

Hannibal

 

Just saw a 77 Euro #20353 on Ebay. Asking $55. Ad says it was yellow now red with black interior. Milage reported to be 32k. The interior is very tired and looks like the milage should be closer tooo 200k. Must be a good story. Listed as in Glen Cove, NY.

 

This one has been for sale for a while. Owned by I believe a ferrari mechanic up there. Original but it now price was something like 65-70k? Car is a bit tired looking for north of 50k IMO. Love the car though.

 

So, nobody seems interested in a tired euro vetroresina for $58K+? That bid failed to meet reserve.

So seller thinks his car is the shizzle...worth $65-70K based on other posters saying there was once a Buy it Now option for this same car at that price, though not at this auction.

I'm actually with the seller on this one. I think his car is tired, but still a good buy at $65-75K. Anyone see or know of a similar or better euro VR that's already in U.S. for that price range, let us know. I'm interested!

Ciao!

Hannibal
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The Euro glass cars in Europe making decent numbers have good history, look very decent, and are usually mechanically fresh.

The above car needs an interior (seats at least), say $5k+, paint $12-15k, and if the engine has never been rebuilt I guarantee it needs it by now, $20k+. Suspension bushings/rebuild/shocks if they've never been done. These are old cars now and most everything is worn and needs replacing. It's the same reason an unrestored Dino gets less than six figures, because it's unrestored. This 308 although it is the holy grail of 308s is no different, it needs a massive amount to bring it up to the level that the glass cars in Europe are getting at auction. 70-90k Euros is a good price for a solid glass car in Europe, and those are specifically for solid cars.

I've now seen too many claimed 'mechanically good' or 'runs great' 2v 308 engines torn down for rebuilds that have wear you wouldn't believe. If it's never been done, this car is 35+ years old so I guarantee it is time.

 

FP:

That's very good accounting (possibly optimistic). Thank you!

Ciao!

Hannibal

 

People are restoring US spec cars that are tired and need what you wrote. Why not start with a Euro dry sump. All 308's will eventually be tired cars in need of a restoration.

 

I guess the only question is what tired car do you want toooo start with?

 

Guess it might be the 25-30K buy-in vs. the 65-75K buy in of a glass dry sump.

 

The premium is money well spent. You are getting a superior motor(dry sump), euro specs and the only F car ever produced in fiberglass. The fiberglass cars are low in numbers and rare. Is it worth a 30k premium? In my opinion every day of the week.

I have seen people on the Chat buy a US spec car and restore it to non original euro specs. They have dropped six digits in the resto and now what is it worth?

We have not seen a fully restored nut and bolt fiberglass euro dry sump on the market yet so we do not know what the market will pay but I am willing to bet you will be able to get your money back or close to it.

 

Oh I completely agree, I simply believe the price of admission for this particular car is a bit steep consider what's needed to really make it a top shelf glass car.

 

On a full resto, agreed.

 

I agree it is steep but the problem is that they are rare and you are lucky if one comes up once a year on this side of the pond.

 

I totally agree right up to the point of the market paying for the costs of a restoration. It is my opinion that car + resto is much more than even the upper end of what can be currently imagined for a glass GTB.

 

That can be said for a lot of other models. Car + resto is usually greater than market value for most models.

from time to time you will get the enthusiast/collector willing to pony up the biscuits.

The problem with old cars is that they are getting tired and need a refresh in order to keep on the road.

Car companies never planned for you to keep your car forever.

 

Looked a little further into this. It seems someone put the lh wiper on the spot of the windscreen washer. It should be more to the lh side of the screen. The wiper that is fixed there, considering the shape, seems to be of a rh car....

You said the car was never painted? Something like this is , imho , likely to happen when a car is painted, and someone without knowledge on this type of car is putting it back again, not taking it apart himself or with much time between stripping and rebuilding. Or the frontscreen has been replaced, maybe together with problems wth the wiper mechanism?

Looked at the original brochures, have both the vetro and steel versions, and it seems that the people who have done this took the trouble to modify the hood of the car for the changed position of the lh wiper. Or it is the hood from a competition version where they put on just one wiper ( see the pic of the white one earlyer in this topic) just some thoughts..

 

Restaoring a steel gtb would cost the same if not more ( welding and bodywork) so this is imho no excuse for m over the top premiums for a vetro.

A gtbi are made in lesser numebrs, and if you consider the LH eu versions even less than LH drysump eu vetro. So talking production numbers alone that car would fetch premium money also.....

Just for driving the thing my money would go probably to GTBi with al little tuning. Skip the CIS and put in a EFI, put in the cams of the euro dry sump or even a little wilder cam and you have the same hp as a euro carb, maybe even more.