$708 for insurance! I pay $360 from State Farm for an entire year for full coverage, with an agreed upon value of $45,000 (couple year old appraisal)
That's funny...I feel the same about an Aussie-delivered or U.S. spec Vetroresina, which numbered less than your "none can beat" 2-litre non-turbo, but people will definitely open their wallets for those. Just goes to show that the numbers aren't everything. There's certainly a mystery element to these cars. I'm sure some here remember the U.S. Vetroresina that was for sale a couple years ago for $30-35K (?) in Florida...was all beat up and had some Mickey Mouse or Wile E. Coyote stickers all over it? We all just laughed at that car for weeks and weeks...now who's laughing?
I don't think so. For a rally version somewhere between a genuine Michelotto Gr.4 car and a normal road car. Neither fish nor fowl. Sorry, but this rally history is also nothing famous. Therefore I find it a lot of money for a good story. Best Regards Martin
Simply a 78 steel GTB drysump with a FEW period correct Michelotto race parts on the car. As a GrpB entry, already outdated in this class, hence only competed in the '85 season rallies. However, an indication of the increased interest and appreciation for the 308's and nudging the 300t euro mark I said we would see in 2015. But a long ways away from a private sale original Grp4 308 3 years ago, 985t euro.
Hello all. I watched the Artcurial auction in Paris today live. This piece of jewelry went for EUR 28.000 ! Best Regards from Germany Martin Image Unavailable, Please Login
So is this the current high water mark in 308 sales? Or are there others that have sold for higher prices that I am not aware of? PDG
That's one hell of an optimistic buyer. I admire his/her intention/effort to bring back this 308 to a street (track?)worthy life, but financially regarded I think (compared to buying a ready-to-drive car) it will end up in a disaster. However the work that is to be done is not only priceless in money, but also priceless in reward.. ;-)
So where does this end? When assessing values I tend to look at what other models that money could buy. Personally I think if 328 values settle around the value of a 360 or maybe higher mileage F430's, that feels about right, maybe a little on the high side. But to go higher than that, I think would be out of whack. It seems like values for 328 GTS's in the US are settling around $75k-$90k, with some outlires. That feels about right to me. Thoughts? -F
Well, from this side of the Atlantic, the equation is slightly different…as I wrote this morning. Right at the minute (who knows what it will be tomorrow) should you have a very good 328 GTB, you could advertise it for 85 k€; an exceptional car, for 95 k€. (will it sell is another matter, but these are the prices we see these days) You would need between 70 and 80 k€ for a 430 (advertised prices also). Or 45 to 55 k€ for a 360. Sell your 328 GTB at advertised price, you’ll get a 430 plus some change left; or almost TWO 360s. Or after selling the said GTB, ask for an appointment with your banker; mine is actually a woman and not insensible to cars; get a reasonable financing deal on 50 k€, and “voilà”: a second-hand 458. Mind-boggling when considering what the market situation was only 18 months ago… Rgds (BTW, my '89 GTS has just been appraised at 95 k€, Saratoga Top included)
The engine is not even right: the car is a two-valve injected, and the engine came from a 328; lots of pieces are missing, the car is a rust bucket, really: a friend checked it. People are mad, really! Rgds
The 308 GTB Vetro went for EUR 130.000 Would have expected more, but when I saw the red painted carb air horns without airfilter housing I too lost confidence Best Regards Martin Image Unavailable, Please Login
Well, 458s will continue to sink, and an '89 GTS is only going to get more desirable over time. My mind isn't boggled. If I had a 360/F430, I'd be dumping it immediately to get into a 308/328. I've been following the UK market casually, but seems like these cars are all listed at POA and then sold pretty quickly -- so hard to gauge actual sale prices.
Yes, I saw you're previous post, rather interesting. It seems 308/328 values in Europe have always been higher than the US. I don't know why exactly. So in Europe, a 328 is roughly the same value as an F430. That is not the case in the US. 328 GTS's are around the value of a higher mileage 360. Really nice, low miles 360 are priced at around $100k as far as I know. I could be wrong. And most F430's are around $120k-150k I think. Maybe wrong there too. But how far does this go? As I have said in another thread, my 328 GTB is worth a lot to me. Nothing would replace it aside from a CS or some other special V8 model. But the market doesn't agree with me, at least not at this point in time. And if 328 did cross values with CS's I think that would be a little weird. It's like when Dino's became more expensive than Daytona's or Boxer's or F12's or 458 Speciale's. To me, that's an example of things not being right in the Ferrari universe. But it's hard to argue against Mr. Market. -F
$147k for what's essentially a restoration project if you wanted a correct Vetro. I'd imagine that puts nice cars around $200k, and concourse cars at $250k.
I agree with this. I know everyone points at the Dino as an example, but let me take it one further - the Fiat Dino. Prices on Fiat Dinos, especially the Spider. These were sub-$30K cars 10 years ago, a condition 1 is over $100K now. I love them, I understand the allure, but in terms of iconic status, it's nothing compared to the 308. Apples and oranges, for sure...but did anyone think the Fiat Dino would appreciate the way it has? I'm skeptical if anyone truly said yes - hindsight is 20/20, but when they were sub $30K, I don't believe many thought these would take off. I think the train has left the station. Good 308s will remain $100K+, in time scrubby examples will approach that.
If and when this happens with the QV's (mines a bone-stock German euro car), I just might be tempted to unload.
