F355 Market | Page 426 | FerrariChat

F355 Market

Discussion in '348/355' started by Robb, May 19, 2015.

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

  1. carnutdallas

    carnutdallas Formula 3
    Rossa Subscribed

    Nov 11, 2010
    1,970
    Dallas Burbs
    Full Name:
    Rob
    I sent a message to mods/Robb to zero out price and remove from market. 1st of year, I will service (hate to) and classiche it. Hide away for future generations or he’ll, even drive it!

    Cheers.


    Sent from my iPhone using Tapatalk
     
    zstyle and Elisesko like this.
  2. Wsmatau

    Wsmatau Formula Junior

    Sep 21, 2016
    404

    We've discussed this before, but I think the Bobileff GTS is proof positive that anyone buying on BaT is paying a premium over and above the market. For sellers, it makes sense because of BaT's exposure. But (I would think) any potential serious Ferrari owner would have seen this car either here on F-Chat or for the 2-3 months it was posted on Bobileff's website (For under $200k). So in the end, the buyer paid about $20k MORE for a car (plus the $5k in auction fees), than was necessary.
     
    rynoshark, audi_328 and JSinNOLA like this.
  3. ShineKen

    ShineKen F1 World Champ
    Silver Subscribed

    Aug 3, 2007
    19,888
    Southern California
    Full Name:
    Nostradamus
    Either that or Fchat is selling below market :).

    Exposure is what makes a market. It’s not logical to presume a venue with less exposure is the market.

    Having said that, Ferrari dealers have purchased cars on BAT and turned them around and sold for more.

    Now more specific to the Blue GTS, a few new key things came to light come auction time. The rarity of the Spec and in relation to it’s MY and more details of it’s accident history, which was believed to be minor.


    Problem with sale ads is buyers hope the seller would lower price. Taking a gamble with time. Once an auction is in place, that option is no longer viable and because of the rare spec, it’s a now or never situation and the bidding results reflected that. Might not have been the case in a more common spec.

    Recent Euro GTS certainly didn’t get a premium over Fchat ask.
     
    Matt Andrews likes this.
  4. ShineKen

    ShineKen F1 World Champ
    Silver Subscribed

    Aug 3, 2007
    19,888
    Southern California
    Full Name:
    Nostradamus
    carnutdallas likes this.
  5. carnutdallas

    carnutdallas Formula 3
    Rossa Subscribed

    Nov 11, 2010
    1,970
    Dallas Burbs
    Full Name:
    Rob
    I missed the market. I have something that is truly special. My only goal was to sell it…..I planned on saying nothing and holding it. But alas, I am a dumbass. So be it. I will call Steve and set up for Classiche. I might even service it Gasp. And just F’ing drive it. It is insured for well over $350k so I got that going for me. Even low miles want to be shared. Robb fixed up the listing and I told him, I probably need to get it on the lawn somewhere someday. Probably have to paint correct…. But a big part of me says keep it original!!! Most people would fall all over a big block all original paint - patina - Mid year Vette. If I am stuck with this S.O.B for 20 years, I think I do Ok. Who does not want a GTS with super low miles!?!!?? Hell, the service cost is nothing, literally! We have a Aston in the shop with E-gear / Sport clutch job. Aston wanted $16k…. We are going to be cheaper. So servicing a 355 is a non sequitur. Who cares - buyers who hide behind that or are afraid of cost, are not people I want owning this car. Cheers!


    Sent from my iPhone using Tapatalk
     
  6. Tarek307

    Tarek307 Formula 3
    Silver Subscribed

    Sep 26, 2018
    1,348
    Long Beach, CA & Alexandria,Egypt.
    Full Name:
    Tarek Salah
    If you're going to demand a super premium like $500K for your car it needs to be fully serviced, period! The talk about the original "Maranello" oil or whatever was said is pure mumbo jumbo Rob :)

    You already have another 355 to drive and play with, so you didn't miss anything, the low mileage one is like money in the bank, a blue chip stock most likely, so youre in a win-win either way.
     
    carnutdallas likes this.
  7. carnutdallas

    carnutdallas Formula 3
    Rossa Subscribed

    Nov 11, 2010
    1,970
    Dallas Burbs
    Full Name:
    Rob
    Thanks!! Good analogy. With Kids in school and a business to run, a blue chip stock is probably better, but those are getting hammered now too ;-)

    It has had 4 oil changes - I did state that :) It has been dealer serviced once at the 3 year mark. I was mainly referring to the major items. The fact it has never been taken apart is so cool to me. I am weird, but I prefer that and search for that. I want original more than anything else. Car is far, far from neglected - it smells new! The AC blows ice cold! I am telling you that in 8 355 cars and 48 years of being a car guy (51 now), it is spectacular. And the next owner can decide what they want to do…..but F’it. I am that owner. I will classiche for sure. And the Damn recall, and hoses because you know that first hand - yikes! I am not sure I service other than oil and other fluids, but if I drive it, I will put a belt on it to be prudent. I would agonize over a Hill Engineering tensioners, LOL.

    I hear you though. People have been told something so they believe it is gospel and my only Gospel is the Good Book. Everything else is noise. And you are right, I do have a Spider to drive and it is glorious.

    Good luck on your search. Appreciate your efforts and thoughts. Cheers!


    Sent from my iPhone using Tapatalk
     
  8. 308 GTB

    308 GTB F1 World Champ
    Rossa Subscribed

    Feb 7, 2002
    11,717
    New Jersey
    Full Name:
    Barry Wolinsky
    Just one side impact? Well, my car had a few side impacts in its racing career and even wound up on its roof at Lime Rock Park in 1996. It was put on a frame machine and fixed properly each time. It's probably straighter today than when it left the Factory.

    My poor F355 Challenge. Nobody wants you. You're not worth anything in this market. :(


    :D
     
  9. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,753
    Lake Villa IL
    ^ Just to clarify, I wouldn't have any problem buying something to drive that was wrecked and fixed correctly.

    Soooo..... when a car looks like I could slide a pizza box into the trunk from above the front bumper, kinda makes me think it wasn't :)
     
    308 GTB likes this.
  10. 308 GTB

    308 GTB F1 World Champ
    Rossa Subscribed

    Feb 7, 2002
    11,717
    New Jersey
    Full Name:
    Barry Wolinsky
    ^

    I knew what you meant. :)

    Challenge cars were sent to authorized Ferrari coach repair centers for repairs. During the 1990s, the shop that repaired my car on several occasions worked three eight hour shifts daily to repair Challenge cars sent there.

    There was a limit as to the extent of damage that could be repaired. Peter Sachs raced this 348 Challenge prior to getting the F355 Challenge I now own...


    Image Unavailable, Please Login


    I was told that it couln't be repaired.
     
  11. JAM1

    JAM1 F1 Veteran
    Rossa Subscribed

    Oct 22, 2004
    8,643
    FL, NY, and MA
    Full Name:
    Joe
    Hopefully that car was tucked away as I suspect someday sooner than later it’ll be “worth” repairing.
     
  12. 308 GTB

    308 GTB F1 World Champ
    Rossa Subscribed

    Feb 7, 2002
    11,717
    New Jersey
    Full Name:
    Barry Wolinsky
    #10637 308 GTB, Nov 1, 2022
    Last edited: Nov 1, 2022
    Jim McGee at Pocono Sportscar, who was actively involved with the 348 Challenge Series, told me that he didn't think the car was repaired. Here it is during the 1994 Season...


    Image Unavailable, Please Login


    Maybe it is tucked away somewhere, Joe, but Peter Sachs ordered an F355 Berlinetta in late 1994 and had it set up by Miller Motorcars as the first North American F355 Challenge. It was the only F355 Challenge that competed in the 1995 North American Ferrari Challenge Series. Here's a picture of the car during testing in early 1995...


    Image Unavailable, Please Login


    Note the prototype Challenge silencer with its three exhaust tips. The two outboard tips are burning the paint on the rear bumper. The Challenge grill came about when engine bay temperatures were reported as being very high.

    Pardon my going off on a tangent but this information might be of interest to F355 owners who have Challenge grills installed.
     
    abo99, zstyle, carnutdallas and 2 others like this.
  13. Closingtime

    Closingtime Formula Junior

    Apr 1, 2020
    330
    You have one of the lowest mileage F355 GTSes in existence in classic Rosso Corsa. In order to sell for top dollar when you have a low mileage car, it must look as low mileage and pristine as the odometer states. Spend the money and get the undercarriage dry iced, correct the paint and ceramic coat it so that the paint looks better than new, and get the car fully serviced as you would want to see as the buyer. Remember, you are the seller of the car at $400k, NOT the buyer so what you look for in a car is not relevant to your sale. Get it Classiche certified because buyers care about that and once your car is 100%, have professional photos taken, ideally in a photo studio. Once sold, your car will be tucked away in a Ferrari or high-end/low mileage collection or even a museum, so you will need to appeal to buyer's emotions at this price point.
     
    INTMD8, carnutdallas and MAD828 like this.
  14. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,255
    I wld never buy a 355 (or any other special car) that bas ceramic on it, so i wldnt follow that piece of advice
     
    carnutdallas likes this.
  15. Targatime

    Targatime Formula 3

    Feb 22, 2014
    1,449
    Los Angeles
    Why? Just curious. Never heard this opinion before.
     
  16. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,255
    Simple, ceramic needs to be wet-sanded off which goes against the first rule of detailing- detail as infrequently and as noninvasive as possible.
     
    carnutdallas likes this.
  17. JSinNOLA

    JSinNOLA Two Time F1 World Champ
    Sponsor Lifetime Rossa Owner

    Mar 18, 2002
    20,237
    Denver, CO
  18. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,218
    CT
    Full Name:
    John Kreskovsky
    Seems the more I hear about how few US Bs and GTSs there are the more that show up on BAT.
     
    Wsmatau likes this.
  19. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,753
    Lake Villa IL
    ^ Looking at BAT.....compared to Spiders??
     
  20. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,218
    CT
    Full Name:
    John Kreskovsky

    No. Compared to, "They don't come up for sale often." One is Spet, one in Oct. Now one in Nov and it just the 1st. And that's just the Bs. ;)
     
  21. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,753
    Lake Villa IL
    Last year on BAT, unless I've counted wrong.

    32 Spider

    10 GTS

    7 Berlinetta
     
  22. ShineKen

    ShineKen F1 World Champ
    Silver Subscribed

    Aug 3, 2007
    19,888
    Southern California
    Full Name:
    Nostradamus
    In regards to B's, the one currently on BAT has been advertised by Merlin for quite some time. There hasn't been many unseen arrivals on the market. The market is still cycling through the same cars for at least half a year. It honestly feels like there's only 50 manual B's in the U.S and 80% are owned by Fchatters unwilling to sell. The euro-Spec B on BAT was a car purchased earlier in the year, sold by Issimi.

    I stand by my guestimate. U.S spec manual B's sub 30k mi, clean carfax, etc...... numbers are slim. Add desirable color/spec... even slimmer.

    The Giallo B on Bat seems to be a naturally well-preserved sample. Engine undersides and undertrays are clean. Engine bay is in great condition. Silver lines on the plenum covers are still solid. Early dual fuel pump car. Interior is in great shape. Needs OE floor mats though. Probably some sticky work done by StickyRX as well. Passenger airbag in good condition. Black anodized front windshield trim hasn't faded away. If yellow is your jam, it will be hard to find a finer example. It's also a 95 :).
     
  23. PaulK

    PaulK F1 Rookie
    Silver Subscribed

    Apr 24, 2004
    4,781
    Michigan
    Full Name:
    Paul
  24. audi_328

    audi_328 F1 Rookie
    Silver Subscribed

    Jul 13, 2005
    2,786
    NH
    Full Name:
    Audi
    Merlin's ask had been $260K for it, still listed in the current FML. Guess we'll see how it does...
     
  25. ShineKen

    ShineKen F1 World Champ
    Silver Subscribed

    Aug 3, 2007
    19,888
    Southern California
    Full Name:
    Nostradamus
    *When I say sub 30k mi, I'm not even including my cars in that category. My cars are only a few hundred miles away (and will be) from passing the 30k mark. Well below 30k mi will be considered gems.
     

Share This Page