Official 328 GTB/GTS Market Thread

I asked for the VIN number and some info: it's a car registerd just here in Italy, never went to USA or abroad. The owner did not want to wait for an euro version and took the first one available that was that USA version. Never drove. They will tell me the VIN next week.

ciao


Edit: i know that the differential (and the engine too) suffers a lot without driving it for a long time. How can a just 389 miles car differential survive 25 years without destroying?

 

There's been a huge increase in valuation on Hagerty's website for good to excellent 328 GTB's since the last valuation done in May 2014. For example a condition 1 1988 GTB jumped in value from $48,000 to $76,000, and a 1989 GTB condition 1 jumped from $54,500 to $89,500!

Price Guide Report

Price Guide Report

 

And just like that, the Motorcars, Intl. and M. Brandon Motorcars cars have been sold.

Hopefully the new owner of the Motorcars car (75808) will chime in as I was unable to get the original dealer info or the build date.

-F

 

Wow! It's amazing how soon after the Hagerty valuations came out, two GTB's were swept up! They're realizing that there's just not that many 328 GTB's around, and in the Ferrari investment world, that's what rules the day.

 

Funny that Motorcars listed that car for that price. I didn't think that they even know what a GTB is.

Motorcars International said they were interested in my 88.5 GTB less than two years ago when I had it for sale. They offered me…. wait for it… $33k! It was so ridiculous. They went through their reasoning and it became clear that whoever was making the offer didn't understand the difference between 88.5/89 cars compared to the previous and then the GTB rarity compared to GTS. Their reasons made no sense at all in context of the marketplace at the time. In short, it was absolutely insulting and I can tell you that Motorcars International will never get the opportunity ever to sell a single one of my cars which is too bad because I sell cars through dealers when I'm ready to sell them. I just sent my Daytona, M1, and Carrera RS to great east coast dealers to sell for me. It would be so easy just to send them to Motorcars but I just can't after the way they treated me and that deal. The lack of knowledge they displayed was absolutely atrocious. And that's giving them the benefit of the doubt.

Anyways, I sold the car a couple of days after that for over $60k to a private seller. He loves the car and no doubt he likes the current pricing.

 

The rapidly increasing prices has become a self fulfilling market. Sellers are asking more, and continue to get it, so prices continue to jump by leaps and bounds rather than moving on a gradual curve. I was lucky enough to get an early GTB recently, but I'm floored by how the prices just continue to shoot up. Looking at getting an '60s 12cyl car too, may as well if I ever want to have one for under $500k.

I also don't know if it's even possible to buy these cars at the Hagerty prices - for awhile I was thinking "right, if I could find a #1 308GTB for that kind of money I'd buy it today"! In the end it came down to lucking into one.

 

1986 Ferrari 328 GTB with 19,120 miles for sale on Ebay with a starting bid of $89,900.

Ferrari 328 Quattrovalvole Coupe 2 Door | eBay

 

It might be that they are more knowledgeable about the newer models. Or maybe the sales person you talked to didn't know what he was talking about. A few 328 GTB have passed through MCI. They seem to know what the right asking price is. I think they were just low balling you on their offer and playing dumb.

I've been predicting this for about 5 years now. First I said 328 and 355 would cross in price. Then I said when other Ferrari's (Boxer, Dino, F40) are going for $250k, and $350k and $600k, a $45,000 328 didn't make sense anymore.

Personally I think they are settling in the right price, $60k-$85k. I think $100k might seem a little rich but I think a $350k Dino is outrageous and you know the saying, the market can remain irrational longer than I can remain solvent. To argue against Mr. Market is a fight against the tide. Pretty much impossible.

I think one of the best ways to analyze where values will land is to compare the 328 to other Ferrari models.

Is a 328 worth more than a 355? Or said another way, how many people would trade their 328 for a 355? Hmmm, not too many people that I know.

How about a 360? OK, a few more takers.

How about an F430. OK, a line is starting to form. What do mid-level F430 go for these days?

So given that, maybe the right value is $80k-$100k which seems high. But it is what it is. Frankly, at this point in my life, it would take more than an F430 for me to make a trade.

Thanks for the link. If you or anyone else finds any other US 328 GTB for sale, post 'em up.

BTW, the M. Brandon car is staying in Houston.

-F

 

1986 Ferrari 328 GTB with 35,000 km and previous accident history listed for 80.000 Euros ($102,827 US)......The ad states: Chassis 61547. Finished in Rosso Corsa with Nero hide. One of only 1500 328 GTB produced. Very pretty condition. This example comes with its original service book and was recently fully serviced. Repainted by Ferrari, no traces of accident whatsoever. Available immediately.

It makes me wonder how much an accident decreases the sales price??

Ferrari 328 GTB - 328 GTS for sale fa-automobile.com

 

Any White GTB' s out there for sale?

 

There was a red/tan 328 GTB offered for sale in the FCA classifieds that had a history of an accident. I think it made its way in this thread. It was sitting at around $45k when other cars were being snapped up. So I would say accident history can chop off 25% or more of the value.

A white one was offered for sale by M. Braden Motorcars a while back and it was purchased by an Fchatter. There weren't too many white 328 GTB imported into the US. Maybe around 3 over the course of the production run. Check out the registry to see for yourself.

-F

http://www.ferrarichat.com/forum/308-328/312511-328-gtb-registry-10.html

 

Have to set the record straight on this one; I have not offered a white 328 GTB before. I had a red/tan 89 GTB for sale a while back, but that car was sold.

Wish I had a white 328 GTB though.

 

Theres one (white 328 TB) here in Chicago (suburbs), I've seen it again this weekend at the Ferrari's & Coffee. Should be pics of it in the Chicago Forum under Fuelfed Ferrais & Coffee Thread. Didn't look like he was going to be offering it for sale anytime soon!

 

Sorry about that, my bad. It was offered for sale by another Houston exotic car dealer. It's listed in this thread, page 3. It was purchased by an FChatter in Oregon.

As far as white US 328 GTB's I did a quick scan of the registry and I found three cars:

1987
70147
70697

1988
75373

And below is amenasce's shot of the white 328 GTB at the Chicago car show. If anyone sees the car see if you can get the owner to post here or in the registry thread. Based on the color combo and the fact that 70697 was recently purchased I'd say the car below is 75373.

-F
Image Unavailable, Please Login

 

I bought 70697 from Drivers Source in Houston in March of this year for 75K. At the time of purchase it had 11975 miles on it. In March I think I paid at the top of the market for it Jump forward 1/2 year and I'd say it's probably worth a buck or two more. If I knew how to post pictures, I would, with its current license NOT RED. With three other Ferraris -all red tan,
the white car looks good. I'm glad to have purchased it.

When I saw it up for sale I figured If I wanted a white one, which I did, this would be one of my ONLY opportunities. With possibly THREE in the USA, odds of finding
ONE for sale are pretty slim.

 

As far as white US 328 GTB's I did a quick scan of the registry and I found three cars:

1987
70147
70697

1988
75373

Furmano, what about yellow 328 GTB's in the US?... I think I might have the only one, 74609. The only other yellow one on the registry list, 73369, is believed to be a repaint, as was previously discussed on Fchat. Any idea if there are any more out there?
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Update...

- On Mobile.de there are 30 Ferrari 328 (GTB e GTS) on sale:

Risultati della ricerca: Auto in automobile.it

Max Price: 125.500 €
Min Price: 43.500 €

Over 100K €: 3
Between 80 and 89K €: 1
Between 70 and 79K €: 7
60 to 69K €: 10
59 to 50K €: 5
49 to 43.5 K €: 4

 

Update...

On AS24 there are 39 Ferrari 328 (GTB e GTS) on sale:

Offerte

Max Price: 125.000 €
Min Price: 42.800 €

Over 100K €: 3
90 and 99K €: 3
80 and 89K €: 3
70 and 79K €: 8
60 to 69K €: 13
59 to 50K €: 4
49 to 45 K €: 5

 

Thanks Gilles, very useful.

Here in Italy prices are out of control and I'm not talking just of 328 market.

It's very hard to find out how much you have to pay a car

ciao

 

I thought that the Italian Tax Man had everyone selling not buying.

 

Perfect combo:

Italian version, original plate MOdena, red moquette, clear seats

Classic Motor-Auto

 

A customer of mine with an Alfa Montreal just bought a 328 GTS from a dealer for £65k GBP

 

More or less the same here in France also, at least for 328s...it is impossible to know what is the real bracket in which the cars are actually sold.

Since one or two cars were advertised in the 80 to 90.000 euros range and apparently sold rather quickly (but for what actual price?), everyone seems to think now that his car is a 90.000 euro one.
I know for a fact:
- a '89 328 GTS advertised for years at 49.900 euros that never found any taker at that price (low mileage car, but without any history) that is now advertised at 89.900: the same car jumped in one bound from 49.900 to 89.900! Still no takers!
- a '89 GTB with 30.000 kms (20.000 miles) advertised for more than a year at 59.900 euros which is now at 90.000.
There are quite a number of cars that have seen their prices jump that way BUT...they do not seem to sell...
On the other hand, some that were for years in the 43.000 to 49.000 bracket are still there, not selling either!

I have been told that the high prices in the 90.000 euros are justified by some sales coming from people who already have one or more Ferrari and are now searching the "classic" market, and do not care much about prices...

I guess we need a few months before being able to have a firm indication of the price bracket for actual sales of "normal" cars (= not "ultra low-miles" or "time capsules")

Rgds

 

Or maybe the market has realigned?
After many years of the 308s and 328s market being stagnant
maybe it's just had an upward correction..
I look at these cars as art.. A few people are buying to drive but I am sure a few are
buying to look at..
I know people who wouldn't butt an eyelid at dropping £200-300k on a painting.
In my mind 308 /328 at £40-50k is a much more attractive proposition as something to look at.
Paul

 

I would agree that it is time for the market to re-align, but I would be happier if this re-alignement was more progressive: a jump from the 45 / 50.000 euro bracket to the 85 / 90.000 in six months time makes no sense to me.
I think we have to wait a few months more to know into which bracket those cars are really trading; for the time being, and at least here in France, the 328 market makes no sense whatsoever.

Rgds