Is this a bubble?

Is there someone that can post a picture with Danny Wilde Dino 246 plate? I remember it had a MO 2 as first figure. It was a 6 digit Italian black plate with white numbers.

thank you very much!

ciao

Edit: found. MO 221400

It's a may or early june 1970 plate
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MO 221400

https://www.youtube.com/watch?v=KKWTZCHc5Dc

 

Alberto,

The history of that car is well known; it is, as I wrote above, chassis 00810, and was for a long time in the private collection of Mr Pirozzi in Naples, but I seem to recall (??) that it has recently changed of hands.

Rgds

 

Thanks, Gilles!

ciao

 

I'm sorry Bruno: i'm beginner with this car

The only thing i know is that, considering the plate numbers, it must have been registered between may 21, 1970 and the mid of june, 1970.

ciao

 

Well Jon, not wishing to derail the thread, but…

The two series (“The Persuaders” and “Magnum P.I”) made the “public at large” aware of what a Ferrari looked like (I know, I know, the “Dino” is only almost a Ferrari). Before that, very, very few people seeing a Ferrari were actually able to tell you what it was. During my studies, in 1979, there was an “argento” 246 GTS frequently parked about one block from my school; as often as possible, I tried to pass by; one day two – French – guys were standing by the car, discussing it, and I heard one say to the other: “An Alpine-Renault is a pretty car but for God’s sake why is this one not blue?”

The merits of the two cars were well known actually BEFORE the TV series –remember the Paul Frère's article about the 246, for instance? - but only to a very, very small group of people. The two TV shows made icons of these cars, now instantly recognized by anyone. It was a change of dimension for the brand; perhaps not for the best, but that could not be reversed.

Rgds

 

That one especially for you, Alberto; in the words of famed Vintage-Ferrari expert Marcel Massini, active on this forum:

https://www.amoc.org/forum/index.php?topic=19888.5;imode

The certificate of origin for chassis number 00810 was issued on May 27th, 1970 by the Ferrari factory. The registration plates, MO 221400, were issued in Modena, Italy and the first private owner was Giovanni Cavedoni (b. Sassuolo-Modena September 24th 1943, resident of Sassuolo-Modena). The purchase price was 3,750,000 Italian Lire.
Mr Cavedoni sold the car on October 7th 1977 to Riccardo Bruni (b. Trieste/Italy 22 May 1952, resident at Trieste/Italy), who paid 2,000,000 Italian Lire.
The vehicle changed hands once more on October 24th 1979, the new owner being Felice Pirozzi (b Naples/Italy 30 May 1930, resident in Sant'Anastasia Naples). He paid 7,000,000 Italian Lire. It was re-registered on Italian license plates of Naples. I understand the car is still in Italy today."

 

Thank you very much Bruno.

Then that car has Naples plate now...

What a disaster...

ciao

 

I'm actually not sure; I seem to recall, but I can't be positive, that signore Pirozzi, who is approaching 85 years of age, sold the car privately perhaps one or two years ago, but I'm not sure?

Rgds

 

I was a staunch subscriber to FML in those days, having recently obtained my first Ferrari in 1983. Calling it that was a stretch considering it was "only" a Dino back then.

On May 21, 1986, I sold Dino 246GT #05898 to Tony Erredia for $26,500.

On February 11, 1988, I was offered the same car back from him (w engine rebuild by FAF) for $31,500, but I'd 'moved on' to the newer and more wonderful (!) 308, and was nursing a 330GTC back to health.

In the summer of that year - don't have the documented month - he sold that Dino to Elvira Chicorelli in Florida for $32,000 even.

That was the then-current market pricing for the cars. I'm sure someone here as corroboration for the last gasp of the run-up that semi-officially ended in January 1990. If the market was $150,000-200,000 then, I have more regrets than I'd imagined.

That car is now owned by SimonC on Fchat.

 

I agree......I just didn't want to be that guy ;-)

 

Ya know, the dark side to all this increase in valuation is that these cars will start popping up on the green with judges in white coats pouring through every detail. Restorations shops displaying cars they have restored in hopes of high scores to bolster their reputations. Cars being slowly rolled on to the grass with white booties on the tires to keep every blade of grass out of the grooves of the tires.

Oh my...

Franny

 

I've never seen (or heard of) the Persuaders. My exposure to the Dino was the opening of Hart to Hart. I can't remember them really using the car in the episodes, but they weren't shy with it during the intro....

https://www.youtube.com/watch?v=ilNUh4L0OhA

 

A steel 308 is one of Ferraris most known model and the lines is maybe Pininfarina's best work. The values of a 308 depends of how many bad in shape 308s there is for sale out there, it's because the good cars bring the price up and the bad ones is still expensive to restore and they hold the price down.
The result of value is a balance of this two things, is a bad car worth the restoration?

Time will tell, and as long the price rises, I think everyone 308 needs to be restored.

 

Well, throwing the bat in the hen-house (loosely translated from a Dutch saying): the very best engine sound ever is the 3.2 V6 Busso engine, with modified motor management/ the rev limiter chipped to 7500 RPM and with "stainless" from the cilinderheads to the rear bumper....

Back op topic & hoping not to get banished here, I'm just a shortly around here & like to stay !

 

For a technical abomination it does sound good.

I like my sixes like my sex. Straight not bent.

 

No longer listed. Did anyone here buy it?

 

I think it is a bubble

2 kinds of buyers:
- the gear heads
- the investors

The gearheads have purchased and sold 308 for the last 10 years at somewhat constant prices. So the supply and demand were more or less balanced - as long as there were only gear heads in the market

The investors came into the market 2-3 years ago. With abundant liquidity, demand now exceeds supply by far. But investors are volatile, when they will spot better opportunities, they will fly away from cars and put their money elsewhere.

What the New Normal will be is uncertain. Prices will probably not come back to previous level anyway, just because we will all get used to new standards; and because more money will have been spent in restoring and maintaining the cars.

That said, I have a 308 GT4 that cost me more than 100k$ (incl. purchase price) over the last 7 years. And I just bought an E-type ('62 3.8 FHC). So I am not unhappy with the bubble

 

I would certainly not qualify it as a “technical abomination” just because it has a 65° angle and a separate crankpin for every rod. This has been chosen on the purpose of having straight intakes for more performance potential, which this little gem certainly had, because the 24 valve racing version in the last Lancia Stratos was giving 320 hp, which is certainly not bad for a small 2400 cc engine. Besides, with separate crankpin for every rod, it runs as smoothly as a more conventional 60° angle V6.
And as you call it a “technical abomination”, please be kind enough, David, to give me then the “qualification” you use for the original PRV V6?

Rgds

 

The question of "best sound" is obviously subjective, but I agree of course that the Busso V6 sounds exceptionaly nice, even if I still prefer the Dino V6. I shall never forgive Alfa-Romeo for having abandoned that engine; a more "modern" version could have been easily achieved.

Rgds

 

If prices won't come back to the previous level you can't call it a "bubble" now, can you ?

 

I don't see why not?
There is normal appreciation and then there is bubble-like appreciation. For me a bubble is just market growing too fast / too high at some point. it means that there will be a correction, that's all. It does not mean that there should be no appreciation over the long term.

 

In 2014 Mecums sold a short nose 275gtb for $2,100,00.00 I believe in Monterey.

Then what really got me was a Hemi Cuda convertible selling for #3,500,00.00. I know there are muscle car heavy buyers but had no idea the Hemi would be so sought after.

The 275 was gorgeous.

As for a bubble. I don't think so. This market has the world participating.

I am just happy to own a 3 x 8, always thought they were beautiful.

 

Regardless of bubble or not, I'm glad I did not sell my car for the $27,000 offer I had 9-months ago.

The inflation calculator says the $23K I purchased my car for in 2003 is worth ~$30k today. It seems prices 30-50% higher. Maybe a small bubble, but this is the first time since I started paying attention that I would agree prices have actually gone up.

 

If you are that sure why not sell now?