Prices on the rise big time

FWIW, Hagerty on a base 355 coupe:

Price Guide Report

Condition "1" = $56K, which is a slight increase.
Condition "2" = $50K, also a slight increase.

The market for vintage and classic European sports cars has been on a tear the last 5 years, and that may be buoying some of the late model cars.

As to the 993 comparison: The Porsche 993 is a hard car to use as a reference point for anything else because of the converging factors that have lifted its values beyond the 964 and 996 -- build quality (real but also perceived -- bank vault-like doors, and impeccable fit and finish), last air-cooled Porsche (collector appeal), and styling that reinvigorated the 911. On the plus side, it's an airbag-era car that is appreciating, so it's a counterpoint to those of us who say the sports car world ended after the F40.

 

If you don't care about that strange little island, then why are you trying to rape €2B from them to prop up the rest of your basket-case pathetic economy's?

And, if it suits the rest of you, continue to talk the price of these wonderful cars down.
Makes no difference to me. I just think it's a strage thing to do.

 

Some here don't care for Hagerty evaluations. They may be high or low, but they generally get the trends correct. Here is a comparison for an 85 308 GTB QV, a 1995 F355 GTB and a 1998 F355 F1 GTB. When Hagerty 355 charts look like the 308 chart I'll believe 355 prices are rising. Prices are 64.5k, 56.7k and 57.4k, respectively.
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Oh oh.

Now you've really done it.

How dare you produce evidence that an F1 car is valued higher than the "holy" 95 stick shift?

Prepare to be burned at the stake...

 

But the 98 F1 peaked and is dropping in value again. The 95 is still rising. Want to bet where the will be in a year, or even by year's end?

Frankly, I care more about the 308. I'll be able to trade mine for 2 F1 cars is a year or so, maybe 3. Maybe even 4!

 

Asking and getting are two different things.

 

Actually, the "FChat market" and reality are two very different things.

 

Well I'm going to take mine out for a drive and not worry about it since it is a beautiful day. I think there should be a separate forum for owners with more posts than miles driven so they can swap photos of their car in the garage and pat each other on the back for keeping the miles low and the value up lol...

 

Thats why I didn't dick with the asking price on mine when I bought it.

 

There isn't an owner on here who really fits that bill. The people who constantly talk these cars down are not actual owners.
Strangely though, as far is this forum is concerned and in your country only, it's a race to the bottom.
There are a few who galliantly try to swim against the tide.
But they are soon engulfed by the Internet heroes.

In the meantime I'll enjoy my amazing supercar, which is also appreciating in the only market I really care about - I put 100 sunny miles on her today.
She is no garage queen.

 

Enjoyment comes in many forms... I'm not going to knock someone for the form they desire.

While I love to drive my car, I also love to maintain it and do the best I can to keep it pristine.

The reality is that driving the car adds to the wear and tear. It's very difficult to have both.

 

And where do they get there data from, John?

All sales are not thru dealers. If you think every private sale gets reported accurately, well.....

I'm sure many people like to save on sales tax

 

John, Hagerty is clearly wrong.... Show me a condition 1, 1998 355 F1 GTS for $46,800 and I'll buy it now. Of course, they don't list miles...
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hagerty is a huge joke......
they are = to Zillow LOL

 

Sweet I agree on all counts.
Also we in the UK are the second biggest buyers of Ferrari, second only to the USA.
Not bad for a little strange island
Regarding 348/355 prices world wide, on the fchat forum we are our own worst enemy IMO.
I am glad that the fchat forum Members only represents a minority of all Ferrari owners world wide.

 

Yeah, they just want low values to pay low claims

 

Here's the newest FML. 0.38% rise in GTB prices over six months, which agrees with Hagerty's analysis in terms of trend, and is pretty close in terms of value.
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From what I have seen private transactions usually get less the dealers. I for one would never buy a car privately. You have absolutely no recourse.

Dave, your comment is double edged. If Hagerty is underestimating 355 values they could just as well, and for the same reasons, be underestimating 308 values. That is why I said they may not be accurate on price, but the trend is generally correct. You can bet if cars are changing hand privately for significantly more dealers will know it.

 

Not sure how Hagerty works, but Chubb lets the owner set the agreed value if it's in the ballpark. They're all agreed value policies, so market value doesn't have much to do with it.

I have my Porsche with Chubb, and insured it for probably $50K-$70K more than market back when I bought it. But, my checks don't bounce and they wrote the policy without an appraisal.

 

Whogertys??

 

And what do I see? Spiders top the market?

 

+355

 

Yes, because since I own one, now everybody seems to want one

 

Right, now that we've established That the 355F1GTS is the most valuable 355 of all and will soon be worth $1m+, can you guys have a crack at this?

http://www.ferrarichat.com/forum/australia/465449-aussie-aircraft-thread-3.html

 

I really must disagree with you on this, John. Private sellers are more interested in 355's than dealers. Most dealers (I'm talking true Ferrari dealers) take a 355 in on trade and price it low to get ride of it right away....why? Because they are too busy selling $300-400K cars to bother with a bunch of wieners like us looking to ask 1000 questions, get records, PPI and all the other hoopla they don't have to bother with on other cars.