Is this a bubble? | Page 19 | FerrariChat

Is this a bubble?

Discussion in '308/328' started by slvr993, Jan 8, 2015.

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  1. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    You're right of course, but my understanding is That "marmitta" is used for the whole silencer/exhaust terminal, independently of its actual number of parts. Let's wait for Alberto, Gilles82, or Emilio to enlighten us...

    Rgds
     
  2. AaronMeisner

    AaronMeisner Formula Junior

    Jul 15, 2014
    267
    Baltimore MD USA
    Full Name:
    Aaron Meisner
    This car appears to have sold for $53,900. That's solid money for a decent but unremarkable QV. No weird provenance, normal ~50k miles, reasonably recent service, and what appears to be a private seller. In January, no less.

    That is some very solid money. I don't know if I would call it evidence of any sort of "bubble." Joe Citizen still thinks that any Ferrari is a $100k car. If you step back and think for a minute, a hand-built body-on-frame exotic from the Enzo era is not something you should be able to buy for Camry money.

    I'd call this car well sold. I'd also say that the seller will be able to take a modest profit in a few years.


     
  3. Tricycle

    Tricycle Formula Junior

    Dec 21, 2004
    636
    LA Cnty 4,083sqmiles
    I took off the front cap and tightened my driver's mirror last night so I wouldn't droop.

    Now my 328 is worth $10,000 more.

    I may clean the engine bay tonight and score another $7,000 :)
     
  4. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
    14,406
    Full Name:
    Robb
    Hilarious.

    Robb




     
  5. Oengus

    Oengus F1 World Champ
    Rossa Subscribed Silver Subscribed

    Dude fresh air in the tires is worth $1000 x 4
     
  6. AJS328

    AJS328 F1 Veteran
    Owner

    Apr 23, 2003
    7,520
    New Jersey
    Full Name:
    Augustine Staino
    Well, then what is fresh air imported from the Emiglia-Romagna region of Italy worth???
     
  7. TLD

    TLD Rookie

    Nov 4, 2009
    14
    Maple Ridge B.C. Can
    Full Name:
    Thomas Dodds
    It is in US funds as well which carries about a 20% premium over the CDN $ ,given today's exchange rate. This means about $64000 + CDN A Canadian seller will be giggling all the way to the Bank!!. I bought mine in 2011 when the Canadian Dollar was slightly higher than the US $. I'd be giggling and snorting as well but I think we should wait to see where this goes. I tend to favor Wayne Carini's advice and he is generally on the mark with his trends on values.
     
  8. Tricycle

    Tricycle Formula Junior

    Dec 21, 2004
    636
    LA Cnty 4,083sqmiles
    Good point!

    Hmm...I'm at sea level here, do you have the atmospheric bars measurement in Emiglia-Romagna so I can calibrate before ordering and changing out the air?
     
  9. Oengus

    Oengus F1 World Champ
    Rossa Subscribed Silver Subscribed

    Helium?
     
  10. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,273
    Black Forest Germany
    Full Name:
    Martin N.
    Why do you think it's a bubble ?
    Who had ever imagined today's 246 prizes 20 years ago .
    Or the solid prizes for early 'Sports Beetles' ( Porsche 911 up to F-series )'
    The whole market situation is completely different, than around 1990, when there was indeed a bubble.
    We will get no more cheap 308s.

    Best Regards from Germany

    Martin
     
  11. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    The one sure way to tell a bubble is only when its burst.
     
  12. Hannibal308

    Hannibal308 F1 Veteran

    Jan 3, 2012
    7,177
    Arizona / Hawai’i
    Full Name:
    Hannibal
    That looks like a very, very nice restored or preserved car in a rather unusual color combo. I'm definitely interested to know when it sells and, ideally, for how much. These cars really are gorgeous, and I am so happy that restoring them to a very high standard may one day be less of a losing battle financially. These cars really deserve to be invested in.

    Ciao!

    Hannibal
     
  13. stevel48

    stevel48 Formula 3

    Jan 4, 2005
    1,998
    Metrowest MA
    Full Name:
    Steve (85 308 Owner)
    To the op. I don't think it's a bubble. The 308 series cars are last really pretty sub 100k Ferrari's and the current classics to have. And at a great price point. You still have the classic ferrari feel (carbs, a gate, dials and switches).
     
  14. hoverland

    hoverland Formula Junior

    Aug 14, 2010
    265
    Norway
    Full Name:
    Harald Ø
    Hindsight is an exact science !

    Anyhow, a good bubble indicator is when "investors" buy cars from other "investors" !
    As long as drivers/enthusiasts either selling or buying, it's probably not a bubble.

    H
     
  15. roma1280

    roma1280 F1 Rookie
    Rossa Subscribed

    May 2, 2010
    4,836
    Palm Beach, Roma
    Cool car.
    "carter secco" means dry sump.
    I fought that restoration battle with a fiberglass 308, and lost. At least for now.
     
  16. greg 19425

    greg 19425 Formula 3

    Jan 6, 2011
    2,471
    Wake Forest, NC
    Full Name:
    Greg
    I think in the next year you'll win Mark. :)
     
  17. roma1280

    roma1280 F1 Rookie
    Rossa Subscribed

    May 2, 2010
    4,836
    Palm Beach, Roma
    Haha, I'm still sticking with that time cures all trades thing!
     
  18. DennisForza

    DennisForza Formula 3

    May 23, 2006
    1,814
    Arlington, VA
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    Dennis
    They were saying the same thing about muscle cars five years ago.
     
  19. MS250

    MS250 Two Time F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
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    Muscle cars are domestic interest only ( for the majority )... The euro car makers like poreche / Ferrari / jags have world wide appeal.

    Europeans really don't have an appeal for a 68 corvette, that's why that market is fading.
     
  20. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,273
    Black Forest Germany
    Full Name:
    Martin N.
    #471 Martin308GTB, Jan 28, 2015
    Last edited: Jan 28, 2015
    Talking about appeal. I once lusted after a Muscle Car. I almost purchased a '68 Charger - long before the bubble - a beautiful, black R/T. But after a testdrive I prefered to take my money and run :) And it was a good car. Technically spoken.

    Best Regards

    Martin
     
  21. AN-M

    AN-M Formula Junior

    Jun 30, 2012
    367
    Norway
    Full Name:
    André
    #472 AN-M, Jan 28, 2015
    Last edited by a moderator: Sep 7, 2017
    You are wrong! 99% of people interested in classical cars in Scandinavia are in to Muscle cars. The clubs are huge, its the whole culture in some towns.
    Image Unavailable, Please Login
     
  22. MS250

    MS250 Two Time F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
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    Giddy up Scandinavia !

    Thats awesome !
     
  23. JAM1

    JAM1 F1 Veteran
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    Oct 22, 2004
    8,732
    FL, NY, and MA
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    Joe
    I think it's more about age than anything. Look at what people ~40 wanted when they were teens, and that's where the market will spike. This is the demographic that is just getting to the point where they've got some extra coin to chase cars of their dreams. We're over the hump for muscle cars, and into the era of cars like 308's, TRs, Boxers, Countaches, 930's, etc. I can't remember many other cars from the mid 70's on that anyone would have wanted!
     
  24. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,273
    Black Forest Germany
    Full Name:
    Martin N.
    But then 250, 365, 246 and early P 911 should get cheaper. They don't. Why ?

    Best Regards

    Martin
     

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