246 GT priced at $444k using the conversion on their website Ferrari Dino 246 GT - GTS for sale fa-automobile.com edit: Don't worry, you can trust The French!
A skillfully crafted question by the lawyer in the group evokes this exact response when in fact the only criminal aspects are how absolutely gorgeous the Dino loooks, drives and sounds. I wasn't aware of Cindy taking his video at the time but enjoy the fact that it conveys the fun of driving a Dino, it engages you!
Which poses an interesting question...perhaps someone can start a poll on what level of agreed value coverage Dino owners currently have - no coverage - $100k thru $600k in $50k increments I started a separate thread with the poll.
HMB, Thank you for bringing up this topic again. I propose a 3rd category...... "I don't know?" Heres the story: With all the talk of Dino values recently, I go to the AAA last week and ask for the auto insurance agent. After waiting a few minutes a nice lady comes over to me and leads me to her desk. "How may I help you? "Well, Ive been a member for 35 years and bought this car 33 years ago which has been insured with the AAA for most of that time. It may now be worth 400 - 600 thousand. I would like to increase my insurance coverage". She stares at me, and stares at me, and stares at me, like what the @#$%@&!!!! are you talking about. She then very nicely says, "I didn't know a car could be worth that much". I am somewhat taken back. She says our insurance specialist isn't here but let me see if I can get "someone else" for you. "Someone else" comes out and says to her, "Oh, it's a Ferrari. I had a client once who sold his Ferrari for 14 million. I thought it was a Fiat 124 at first". I am not feeling too confident in AAA right now. The "someone else" then says to me, "AAA does not sell "stated value" policies". "What does that mean", I ask. "Well, if your car is stolen or totaled it is up to you to prove to our adjuster how much the car was worth before the loss and the adjuster determines how much AAA will give you." Does this make sense to anyone on this board? What would you do? I really appreciate your advice. And that's why I proposed a 3rd category; I really don't know how much insurance I have on my Dino.
246 GTS with Flares and Chairs to be verified (flares look added) priced at $439k 1973 Ferrari Dino 246 GTS Base - Newport Beach California area Ferrari dealer near Los Angeles California ? New and Used Ferrari dealership Long Beach Anaheim Van Nuys California
1974 Ferrari 246 Dino VIN 08248 | eBay US $419,995.00 Buy It Now VIN (Vehicle Identification Number): 08248 Year: 1974 Transmission: Manual Make: Ferrari Body Type: Convertible Model: Other Warranty: Vehicle does NOT have an existing warranty Mileage: 24,220 Vehicle Title: Clear Sub Model: 246 Dino Options: Convertible Exterior Color: Red Power Options: Air Conditioning Interior Color: Tan
I'd suggest you find a new collector car insurer who does Agreed Value. Otherwise you probably will be really unhappy if you ever have a serious claim...not to mention they can likely total your car and keep it if they think the repair costs are too high relative to what THEY think the value is. Insuring a high value car on a standard auto policy seems risky to me.
Well I can think of something that happened this morning..... I wasn't there but have heard it from MANY people, and talked to one party this afternoon. Wayne Carini was viewing cars at a car show and stopped to look particularly at a 1974 Dino GTS. It is a one owner car (he spoke to the owner), with the original owner items (key fob, tools, books, etc..) one would dream of. Fully documented with 45k miles. ORIGINAL RED/BLACK GTS. Has had the seats and tires recently redone. Wayne asked him about what he would want for the car (not sure if he was judging market ideas or interested in buying), but when the owner said he would take a number on the high side of auction market sales, Wayne couldn't justify it and moved on to the next cars since time was a problem. Not commenting about Wayne, but he obviously has to resale a car to make money. It wasn't anywhere near what he would be looking at. Not commenting about the seller, he obviously doesn't have to sell it. And better yet, doesn't really have a need to. Why would he keep it all these years if he didn't love it. I think this precise example today explains the weirdness of todays markets. We hear all the hype about values and debate them. The reason no one can come to conclusion is this type of scenario. There are owners who don't want to sell and buyer who want to buy at prices that don't make sense.... The bigger thing I see is the "if I sell this and make great money, what can I buy?" and most of the people are move up the scale people vs. down the scale. In Real Estate, we call this a down-sizing buyer. I don't equate this to the car business. It always seems someone wants the "Next Step Up" and this is almost impossible to achieve in todays world. I think the car broker types have been experiencing this for quite some time and it is starting to trickle into the buying publics radar.... Maybe I am crazy...
I would agree with Shawn. If you look at the 4-5 major brokers, they do not seem to have a lot of cars to sell. Five years ago most of these guys had a pretty good inventory. Not so today.
It would appear that GT's are now firmly approaching the $400k level...and beyond L-series $489k 1970 Ferrari 'Dino' 246 GT - Only 335 cars of the L-series were produced | Classic Driver Market 72 US model $358.8k 1972 Ferrari 'Dino' 246 GT | Classic Driver Market 71 M-series (01846) $318-386k at Silverstone auction later this month 1971 Ferrari 'Dino' 246 GT | Classic Driver Market 71 $420.6k 1971 Ferrari 'Dino' 246 GT - 246 GT / Vollrestaurierung | Classic Driver Market
Hagerty Price Guide has published their latest updates. Some examples: Hagerty Price Guide: '67 Dino 206 GT Hagerty Price Guide: '69 Dino 246 GT Hagerty Price Guide: '73 Dino 246 GT Hagerty Price Guide: '73 Dino 246 GTS Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
Interesting that a later 246GT (1973) is worth on average more (+$33,000) according to Hagerty, than an earlier one (1969). I also wonder about the statistical sample size for each vehicle condition level, both in terms of standard deviation, statistical validity, and the combined levels used to determine the overall average. Depending upon how the aggregation is done, a few outliers can really mess up the data. Kind of like poorly done medical clinical trials where strong assertions are made from a sample size of 10.... Oh, and note that the Y axis for the 1969 246gt starts in December 2006, while the 1973 246gt starts in December 2007. Also, I would expect (but don't know for sure) that Hagerty's database is loaded primarily with U.S. versions, not Euro versions. Given the holiday weekend in the U.S., I haven't been able to call Hagerty to ask if they have the ability to track Euro cars separately from U.S. ones, or if they even bother to identify a difference.
I agree with what you say about the sample size . Also the average value of a 1973 GT would be substantially inflated by the flares/chairs cars that have been sold at large premiums (as much as 50% for coupes) in recent times . Hagerty's guides do not distinguish between f/c cars and normal ones and f/c cars were not made until mid 72 . Thus a comparison between 69 and 73 values is not a direct comparison .
Two things 1. Using this data as anything more than a rough barometer of values is unwise and unrealistic. There will never be enough sample data to call out the specifics of a vehicle, not to mention the irrationality of either buyers or sellers and their belief of what is fair. 2. I'm guessing the slopes to the curves slow down. Dino's lifted earlier than most other cars in this cycle, deservedly so for the design was under appreciated for too long, but the market is hot for anything right now, money is being spread around.
