Is this a bubble? | Page 37 | FerrariChat

Is this a bubble?

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

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,329
    Montana
    Full Name:
    Kim
  2. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,265
    Black Forest Germany
    Full Name:
    Martin N.
    Oh, I would love to ...
    What's the problem with parts, which are replaced within a few hours ( spoiler ) or minutes ( wheels ) ?
    As long as we have no embossed cavallinos in the headrests, all is fine.

    Best Regards

    Martin
     
  3. MS250

    MS250 Two Time F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    26,596
    Full Name:
    Avvocato
    I haven't seen a euro glass for 150k US Can you show me where you can get one today ? And resto of 150 maybe accurate on a good donor car, but a jig saw puzzle car will cost more than that 150. Plus waiting for a new of 12-24 months I think you are correct on the time line. I think the issue is you can't get a car for 150, the euro cars I see listed seem to be in the 250 euro range and higher - am I wrong ?
     
  4. MS250

    MS250 Two Time F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    26,596
    Full Name:
    Avvocato

    Why not ?
     
  5. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    At the Naples show last Saturday there was someone handing out "want to buy" flyers.
    Yeah, the market's a bit hot.
     
  6. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,265
    Black Forest Germany
    Full Name:
    Martin N.
    On 6th February at the Artcurial auction in Paris the vetro car - basically a restoration project - went for EUR 154.960.

    Lot 106:
    Sale N° 2651 - Rétromobile 2015 by Artcurial Motorcars | Artcurial | Briest - Poulain - F. Tajan

    Best Regards

    Martin
     
  7. MS250

    MS250 Two Time F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    26,596
    Full Name:
    Avvocato
    #907 MS250, Feb 16, 2015
    Last edited: Feb 16, 2015
    Ok, so 155 euro is 200US - as we talk US prices here. Then we have to get the car here ( add that charge and the auction house fee ), this car is also far from an original donor , therefore the restoration will exceed the 150 mark just by the visual appearance. We have already easily hit 400k US , add in 24 months to restore ? Find correct parts ? And a reputable and competent restorer and the discussion and consultation and time during the process? That time has to have a value? Doesn't seem that 500 is off the mark if you want a brand new one now ? All things being equal, I think the Dino guys went through this a few years ago.
    Interesting times for sure!
     
  8. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,805
    Pittsburgh, PA
    I think you are correct. Not sure of current availability. I assumed this resto started ~1-2 years ago. You could still get glass cars in the US for 100-150k US at that time. 308s have been more expensive in Europe based on my observation.

    These are of course estimates - I would say they will vary by up to 30% up or down depending on the condition of the original car, people involved, materials, luck, market, etc.

    They are also likely assuming that it will continue to appreciate and are trying to "bake that in" to the price...
     
  9. Bones2U

    Bones2U Formula Junior

    Jul 13, 2008
    814
    Ontario
    The ad says it took 5 YEARS to finish. I saw this car and Rock actually drives it to our FCA events every once and a while. Good for him. He's the shoemaker with the best shoes....LOL!
     
  10. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,329
    Montana
    Full Name:
    Kim
    What ever happened to the guys around here that were always preaching that the 308's were entry-level throw away cars and to "drive em like you stole em " don't seem to post much anymore..
     
  11. Bones2U

    Bones2U Formula Junior

    Jul 13, 2008
    814
    Ontario
    I'm still going to drive mine. I am just going to get a new appraisal and up the insurance.
     
  12. Jay GT4

    Jay GT4 F1 Rookie

    Oct 16, 2001
    4,995
    La mamma dei fessi
    Full Name:
    e sempre incinta
    Smart!
     
  13. climb

    climb F1 Rookie

    Sep 19, 2006
    4,866
    Atlantic Beach Fl
    Full Name:
    Stuart K. Hicks
    No doubt! Got a little aroused looking at the rear tail lights. Little embarrassed to admit but true..:)
     
  14. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    Don't know about the throwaway bit but some of us are still posting, just not on the price threads.

    As the prices rise some will cash out and over time there'll be fewer of the DYIers but let's hope that not too many 308s end up in garages too precious to use.
     
  15. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,805
    Pittsburgh, PA
    It shouldn't matter IMO. You can't assume the worst and work backwards from that.

    New Ferraris still cost a lot more than 308s.

    Drive them all hard! Keep them running.
     
  16. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,329
    Montana
    Full Name:
    Kim
    What?? The message that I took from it was, drive them into the ground and then grab another. Not sure what your point is with "New Ferraris cost more than 308s"?
     
  17. miketuason

    miketuason F1 World Champ
    Owner Silver Subscribed

    Feb 24, 2006
    15,822
    Cerritos, CA.
    Full Name:
    Mike
    I bet ya, those who thinks they're entry level and has thrown away their 308, are probably kicking them selves in the butt now.
     
  18. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    There were those who could afford to buy but not maintain but I doubt that anyone who has driven one ever thought of it as "disposable".
     
  19. E-Dino

    E-Dino Formula Junior

    Aug 11, 2012
    378
    San Diego
    Yea, this bubble thing is kind of a buzz kill for us. I know everyone is different, but for me a "sports" car is one that you drive, break, fix, drive, break, fix. Although for me it usually is drive, break, fix, break, fix, break, break, fix, drive...(you get the picture). I don't see much "sport" in collecting, washing, showing, but hey, I respect it.

    So now I see this bubble as nothing but a higher price for the next engine I break, and higher insurance costs. Wheeee.

    Oh, well. My kids will see the benefit I hope.....
     
  20. sidtx

    sidtx F1 Rookie
    Owner

    Feb 9, 2014
    4,454
    Frisco, Tx
    Full Name:
    Sid
    They've migrated over to the Mondial forum!

    (just kidding).

    Sid
     
  21. sidtx

    sidtx F1 Rookie
    Owner

    Feb 9, 2014
    4,454
    Frisco, Tx
    Full Name:
    Sid
    I've been reading this forum for several years. just purchased my first Ferrari - Mondial.

    I just don't get those that don't drive their cars (if they are functional). These are sports cars. To me, that says that they were meant to be driven - "energetically". Life is too short not to enjoy and have fun.

    "Throw-away"? Don't get that either. All these cars can provide huge entertainment. Throw that away? Half the fun is fixing them (for me anyway). Even for the mechanically disadvantaged - these cars aren't that complex. And with the support system of other owners and this forum, fixing them becomes not only fun, but something to be proud of.

    Sid
     
  22. Ehamilton

    Ehamilton F1 Rookie
    Rossa Subscribed

    Jun 13, 2010
    2,723
    Durham, NC; USA
    Full Name:
    Eric Hamilton
    Like
    +1
    Hallelujah and amen, verily
    Tell it, brother!
    What he said
     
  23. Sean F.

    Sean F. F1 Rookie

    Feb 4, 2003
    3,066
    Kansas
    Full Name:
    Sean F
    Congrats on taking 10+ years to be right....don't break your arm patting yourself on the back. The rest of us enjoyed driving our cars, and still do.

    And we see a lot of prices, but have we confirmed any real sells of your average 308 for over $100K yet? Not the garage queen or restored car, I mean what everyone here drives around 2-3k a year?
     
  24. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,265
    Black Forest Germany
    Full Name:
    Martin N.
    #924 Martin308GTB, Feb 16, 2015
    Last edited: Feb 16, 2015
    No !!
    We have a lot of money talk and almost one single thread about each ad of vetro or restored 308 cars here from folks with a vetro car in their profile, which isn't confirmed as well.

    Best Regards
    Martin
     
  25. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,607
    Gates Mills, Ohio
    Full Name:
    Jon
    Not really. If anything, it's easier to justify spending money fixing stuff when prices are up. I couldn't stomach spending $15K on a major-plus-extras on a $50K 355, but spending $500/year on the Porsche is easy, and now 308/328s will be worth maintaining because you might actually get your money back at some point.

    I see a silver lining in this.
     

Share This Page