New Sheehan Forza Article in May

328s finally passed surpassed 355s, and overlap with 360s. Zero surprise. They're keepers.

Any ranges on the 308s?

Those of us who missed the Dino 246 rocket ride want to know.

 

There is this one guy I'm familiar with that didn't think it was a keeper.....

 

Well, he must have been an idiot... <cough>.

 

Any of you who bought gold at $1800 I have no sympathy for you.

Anyone who thinks this trend will last forever, I have no sympathy for you.

Buy them because you enjoy them and don't listen to self serving hucksters. If you enjoy them, you won't care what they are worth.

 

Something doesn't add up there, 355 spiders are usuallly cheaper than gtb's or gts's...

 

That's cause many of the prices are way off -

 

And that's also the case with the 328, where the GTS are usually cheaper to get into then the GTB...

 

the 512 Tr's are way off.

Please show me a 512m for 100k?

CS 125K ????

355 GTB for 30K - Perhaps at the junk yard.

IMHO he knows the Enzo era cars cold and most likely doesn't follow this mkt that closely. I would love to see an M on his site that was perfect 5k mile and he tells his customer its worth 125K - customer would net out 110K after the sale. One just sold quickly in San Fran for just under 200K.

If he had one on his site it would be "Priced right at 175K"

 

No.
It would "priced very right at $175k."


Seriously, a lot of these prices are off - at least for good cars that real aficionados would truly want to own. That said, he's not wrong with the overall trend. It's that the prices are off with some of the models and I think that it's sort of weird he put supercars in there because they have their own market and market trends.

And yes, 328 GTBs sell for more than GTSs and 355Bs sell for more than spiders. That's just how it goes.

 

Sheehan is talking his book.

 

I had a bit of a run in with him when searching for my first Ferrari 11 years ago...I wasn't on Fchat back then but the internet had already rendered his style obsolete.

 

You are 1000 % correct!. Use them; enjoy them and maintain them and you WILL BE a happier person.

 

I saw this article last night while browsing at a local bookstore. I do agree with his overall trend assessment. IIRC, he alluded to a bit of a bubble in Enzo-era cars and mentioned a few cars in the Fiat era that are rising such as 288, F40, and 308 (to a lesser degree). Having said this, I don't like how he imprecisely characterizes all post Enzo-era cars as having expensive engine-out services.

 

True, but there's also a general market "out there" that isn't into the minutiae the way many of us here are.

I.e., there are FChat'ers who prefer '95 355s over the later ones; '85 TRs; 308/328 GTBs over GTSs; 348s over 355s; etc. "Out there" in the real world, newer is better; open top is better; red is better; fuel injection is better than carbs; 348/TRs are dated; etc.

I don't agree with all of his numbers, but it's possible Sheehan's distance makes him more objective. He does deal in the mass market stuff as well as vintage, and doesn't tout things like TRs and 360s as investments but as bargains.

 

It definitely has.

There is also a huge difference in the value of a car that is good to go and one that needs work.

The cost to repair and de-rust can easily exceed a cars value today.

I always find the cost per mile interesting. I bought a TR new and drove it for 155K miles all in it was about $2.50 per mile.

A friend just bought a 300 mile FF for 100K under msrp which is about $333 per mile.

 

New Ferrari's bought in the 60's dropped in resale value like crazy too. We tend to forget that today.

Yes, there was a time when today's classic was just "old", out of date and out of fashion.

 

What, no Dino valuations?
Please include them when you have time!

Ferrarichat ads are gaining in popularity, the re-vamp is turning out to quite successful!

The Dino market is proof of that!

 

His vintage prices are way too low. Granted, the market is moving quickly, but surely he should have seen that coming? His prices would have been off in October last year.


Onno

 

512 bb prices are inline from what I've seen lately. Condition and mileage the difference.

 

Mondial 3.2 and t prices are holding steady and relatively unchanged during the past 5 years. What's interesting is that the 348 is in the same ballpark (pricewise).

 

CS's for $125k appears to be off by about $20-25k for well sorted examples. That being said.........listening to my car from 7-8.5k rpms.....priceless.