250 GTE ...HOW MANY REMAIN ?

An ad in the Ferrari Market Letter called it Rosso Barchetta, a color that I am not familiar with.

 

I do not recognize the plate. It could be 3993 GT which was for sale in Italy at the end of last year...

 

Same car from post 373, as 3291 GT .

 

Ah, it looked white to me. Will make note of the plate.

 

A quick google suggests it is a Ferrari colour but for more modern cars, 355 onwards.

 

The car in Paris is for sale 300,000 euro. It has a sun roof and looked decent. Nice paint work.

 

Hi

This is the sellers web as was mentioned above Cecil Cars - La référence de la voiture anglaise de collection

Dont know if he sold it already at fair or still keeps it.

I have some more pictures of this car if you are interested..!

Good luck

Julius

 

I bought my first 250 GTE #2951. It is currently Red with Black interior. The paint is in bad shape and obviously not the original color. It was one of the ones Gullwing had for sale. I am not sure if I should restore it or not. I'm new to this business so I might gather more information before deciding. I am looking for other 250 GTEs if any of you have one for sale. I'm not a dealer. I'm just a new collector of these cars because I after studying about the 60's cars, I realize that they are very attractive and under appreciated and still not in the stratospheric price level. I hope to collect more before they get more expensive or chopped up into fake abominations. I am looking for any 250 GTE in driving condition and I can pay a fair price. Please let me know if you have one for sale.

 

My advice, restore it, make it perfect, enjoy it, show it and be proud of it, rather than having half dozen of shabby cars. Or buy the best you can and sale the one which is not so good.
I believe in the long run it is an illusion that amassing unloved cars will bring a return. If you go to Retromobile or Essen or Pebble beach and the other sales only the best cars bring big premium. And if/ when the market will correct, if ever, only the good cars will find a buyer and in any case you will be able to enjoy it. What can you do with a poor looking car. If it was all original and looked old, this is different from a molested unloved un cared for car.

 

Wise post from someone who should know!

 

But what if you just want to buy up a bunch of cars as an investment? Then it doesn't really matter what condition they are in with the hope that as they get more and more valuable they will out perform the other investment opportunities there are. Buy em up, store em, sell em on. Who cares right? Could be soybean futures or whatever.

 

Although I am very new to the Ferrari business, I can appreciate these hand built cars as works of art. Thus my intention is to make them all fully restored and looking beautiful as the day they rolled out of the factory. I'm looking for the best and the most affordable means to do restore them. As everyone agrees the prices are going up so in the mean while I am concentrating on collecting them not restoring them because that takes a lot of work as well. I am also going to have them all stored in secure and air-conditioned facilities where they will be started often and batteries remain charged not sitting rotting in some barn. If I can build a fleet of 4 to 5 really nicely restored 250GTEs, I think this would be very neat especially if I can take them out for events. I've spoken to a few owners of 250 GTEs who are real enthusiasts who have passionately kept these cars drivable for decades. If they will let me, I would happily keep their cars well maintained for few decades more instead of letting them get dilapidated in a barn or chopped up into 250 /GTO/SWB/California frankensteins. It really interesting that if you look for 250 GTEs, you see more ads for 250 conversions than the real cars. It's sad.

 

Someone in Ferrarichat said that they purchased 15 x 250GTEs and 330 2+2 in the past 18 months... it's incredible

 

Don't believe everything you read on FChat!!

 

If you are interested to collect and an aspiring collector, check the history of Michel Dovaz and the famous Sleeping beauty collection. At least two wonderful books have been written on this and multiple articles.

My point and take is while he assembled a fantastic collection of original/ dilapidated cars, in an interesting setting, to say the least, and made money as he bought them for next to nothing much earlier, and in any case making money was not his primary intention, the real big money was made by those who later restored those original cars. There is still the auction record for the Alfa 6C 2300MM and the ex Franco Rol Alfa that Gooding sold last summer at PB for record price originated from this collection.

In other words, from a pure investment point of view, I still believe there is more upside by having few restored cars with great history than putting a larger number of semi derelict cars in a barn,,,but I agree with the current barn find trend things may change. You just have to keep them only 40 years in the barn, outside the public eye.....

 

Sleeping beauty collection was the poorest example of car collecting yet. Why this gets so much press when all he did was let them turn to ruin! Obviously sanity issues IMO.

What a waste
Pete

 

If Dovaz had not bought them, they would all have been scrapped and melted like so many other cars at that time. Would that have been better?

 

Not many of those sorts of cars get scrapped and melted, we are talking Bugattis, etc. The survival rate of those sorts of cars is very good.

Now if they were Model T Fords then yes you would be right. Plus they were not even stored in dry places ...

Sorry I personally have no repect for Dovaz and find every photo I've seen of that car graveyard to be very depressing and do not understand the fascination some have with it. He should have let the cars go many years ago when they would have been easier restorations, even 40 years ago they were well and truly important classics, but no he wanted them to suffer more ... IMO.
Pete

 

a 250 GTE freshly restored in Estonia of all places. Estonian registered, but apparently belongs to a swede.

http://e24.postimees.ee/2696092/2819136

 

#3291 GT
Delivered new in France and always stayed in France
Three owners (the second is a friend, he sold it at the end of the 80's)
Sunroof made by french coachbuilder Paul Née, in the 60's.
Very Original Car

 

Here are some photographs of 4139 at "Tappezzeria Luppi"
J
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That looks really great.
Is Grigio Scuro a non metallic ?

 

Interesting. Ok good advice.

 

Sure I'll take a look at that. Thanks.

I dont plan on just keeping these cars just sitting idle rotting in a barn. Once I am done collecting them, I want to restore them really nicely. Since the market is unpredictable I cannot really see this as a business venture but a hobby which will hopefully retain its investment.

 

As long as you enjoy it while your doing it then power to you.