Because it was a rare color combo and a prom night virgin I believe the car was on consignment - the owner is a member here. http://www.ferrarichat.com/forum/348-355-sponsored-bradan/543068-oh-boy-entropys-355-sale.html
Dave, buddy, come on now. You know better than that. I know you are just stirring the pot. But I'm going to call you out on this because you know as well as I do that that particular car in no way represents the wider 355 or modern Ferrari market. Some idiot, who sipped a little too much cool aid, wants to spend a ridiculous amount on a "unicorn car" and hide it away in a collection is way outside the 3 sigma range and has no relevance on the broader market. And it doesn't change the fact that dealers are dropping prices across the board. It's like a quantum well where electrons are trapped in the well because they don't have enough energy to get over the barriers. Never the less, every once in a while an electron "tunnels" through the barrier. So consider a sale like that a "quantum sale". Classical economics and common sense says it shouldn't happen. But every once in a while it does, just like every once in a while someone jumps off a bridge. I guess it's a new field of study, Quantum Economics.
^^^^ahhh. I saw those post and did not realize that was the car. Yes, extremely desirable to me. That color combo as a GTS would be a must have but cannot afford [emoji482] Sorry - someone was faster to post than my response. Sent from my iPhone using Tapatalk
Yes, I agree - this one does not represent the market well. But, I have always spoken honestly about the market, I don't talk it up or down. I'm not selling anything now so I'm not biased The market was at it's high last spring and started dropping after. But, (here is the important part, John) - it is still higher than when you and I bought 4 years ago
Does that mean you'll buy a 360 spider F1 and spend all your time in the 360 market thread talking about how the 3-pedal coupes aren't worth what everyone is asking?
I've already pointed that out a few posts ago, though I wouldn't be to sure of that for spiders. However, the market is on the way down. I'm not the one dropping prices. They have their own thread over there and some think 2017 will see gated 360s hit 140k. I looked at a couple which have been at 115-120 and they are holding. One originally listed at 149 is now 135. Anyway, I'm not interested in gated cars. There are like flip phones. I have one that works, fine. But I wouldn't buy another. I really don't care what the prices do, but my interest perks when I see weakness. It's a good time to buy.
I don't think that car was worth any where near that number. Who knows what it actually sold for. My question was why the guy thought it was worth that. I didn't buy my car as an investment, I bought it because it's one of the best looking Ferrari's ever made and I am going to drive the wheels off it!
Here in Sweden we saw cars sitting around the US50,000 mark in summer 2014, then the dealers bought them up almost overnight and shipped them out to other parts of Europe with a minimum US70,000 price tag on them. Summer 2015 and private cars were selling same day. At the time the UK currency was comparatively strong so many cars went over there for a tidy profit. Oddly, the UK market seems to run almost in isolation compared to the rest of Europe. What's left here on the local market are nearly all dealer advertised ranging from US83 to 90,000. And they are not moving. My guess is if they were advertised at US65-70,000 now, we'd see movement.
I understand that we want to know the current market so we can just our "assets" or whatever but I never thought this car was going to make me money. It's a modern Ferrari and in the number created and what's left there are just too many for them to be worth 100's of thousands in the next decade or so, at least for the average 20k+ mile car. It may sound dumb but I bought this car for entertainment. It's a hobby, it keeps me busier with something to do. I literally bought it for the sound. Don't get me wrong, I like the Enzo era sized cars but if I wanted just a Ferrari in the garage and didn't have my other car, it'd been an F430. I can't see in the quantities these cars going up much but I can see them holding or going very slowly down as compared to other cars in the same price (non-ferrari) I think the 308 glass, 1988/9 328, 95 and 98-99 355 are likely to keep as much value as possible. The F430 will keep some value because the next jump is to a 458 at double the price. But now your getting out of enthusiast/collector cars and into modern daily driver, "I have a Ferrari" territory. IMHO
Funny to me the 88/89 328 would be the least valuable because they got really ugly with those later wheels, and some got ABS so you can't put proper wheels on them. Also, the 348 is just so analog--no power steering, great interior, and a bastard child for so long, I think they'll go up someday.
Usually the last year of a chassis run is the most coveted as all the issues are fixed. Yes there was a facelift and some don't like that for the 328 chassis. 348 is of similar fate in the some look at the 355 as the facelift. If you want a 348 or 355 usually it will go to the later dates. There are some that love the very uniqueness of the 348 with the slotted side and brake lights.
Made $71k last week but didn't make reserve. Was someone who knew pushing reserve or was 71 and honest max bid?
Not sure eBay represents the real Ferrari Market? If so, then I shouldn't have bought such a nice car. Sent from my iPhone using Tapatalk
From previous comments, believe seller offered 2nd chance at $71k, but no takers - so pushing reserve..
It's all a matter of price. At the right price, everyone is interested if you want to sell for $50k, I'll take it right now
I remember this car was for sale about a year ago as well. I don't think the carbon seats were equipped with it though.
