it looks like the market has spoken over and over again since the last quarter , the days of inflated prices are over for now, not one GTS or GTB has surpassed $160,000 in months
Maybe. Buying cars over seas is tough. You either need to go, really trust a 3rd party to evaluate, or take a gamble. I should have gotten on a plane. Having seen it in person now, I would have bought it. The cars I like don't come up for sale often. To miss a car because of a 5% price disagreement in hind sight meant I missed a pretty nice rare car. oh well! There are more fish in the sea!
And you're still F355-less. Online auctions aren't the best way to sell these special cars. Dealers and private party sellers have been selling them for higher prices than in some of these recent auctions. Reimel had a F355 5.2 GTS that sold very quickly and was priced at $225k. Curated is asking $285k for their GTS with a fresh service. Knowing their clientele, it's probably sold or will be soon.
Price seems fair-ish. Pros are low miles, has had some decent recent servicing. You can probably go another 2-3 years if you want to push it without a belt change (assuming there hasn't been a ton of miles since the last change). Most of us do the belts every 5 years minimum it seems. Cons are basically it's an F1 and the accident. The F1 isn't as much of a big deal anymore...worst case scenario you send your system off to GTE Engineering and they will rebuild it all to better than OEM spec for I think around $3-4k. F1 system is very fun when working correctly. Biggest concern would be that accident...how bad was or wasn't it.
I know of multiple private sales over that. A lot of the cars ending up on BaT are from people/dealers importing them from Europe and turning around and flipping them with a bit of lipstick (or sometimes nothing but a wash). They're also common spec Red/Black cars...not hard to find one overseas, in fact very easy. Just in short supply domestically. Not exactly comparable to nicely optioned or sorted cars. NA cars will also carry a hefty premium.
And yet the 3 manual, US, F355 GTS that I have been tracking remain unsold for months. NA car are worth a big premium? To who? I don't see many being exported to Europe. Why aren't European collectors snapping up the rare and super valuable NA version of the F355? Have you forgotten Mike's NA GTS that was bit to $168k on BAT in Nov and recently to $165K on Pcar? Then sold for somewhere around $165k.
Curious why this seems to be F-chatters "go to" jab. The community has a bad reputation for a reason. Must you overpay in order to be part of the club, or is that the elite status you're actually after. It just seems nonsensical to me. As John (rightly) pointed out; There are multiple examples of excellent cars that have been publicly advertised and sit unsold for several months. That doesn't detract from their quality but rather is simply a result of the post-bubble hangover and uncertainty in the economy. After recent RNMs on very nice drivers, people seem to refuse to accept that this isn't 2021 price-wise.
F355 owners have held back their own car's values in the past by complaining about the service costs, which scared away potential buyers. Right when the F355 hit 25 years old, the outside world blocked out the forum noise and decided they were desirable -- Carrera 2S/4S 993s were selling for more, when Berlinettas and GTSes should be in line with the upper end of the 911 Widebody market and in line with Turbos. As far as I'm concerned, either you're a buyer/owner or a dreamer. Dreaming is fine, but don't continuously talk down on the car you're actively trying to buy. I reached out to him last year and he didn't know what his budget was for a F355 and didn't reply when I sent him information and comparable sales. There have been plenty of suitable cars to purchase in the last year, but he's probably still waiting for them to go back to $75k so he can be a buyer at $50k. If you look on other forums, members don't tolerate dreamers talking down on their cars and neither should we.
Buyers in North America (especially CA as Ken pointed out) prefer North American spec'd F355s and they command higher prices. When the exchange rates favored exporting from NA, more cars left our country. I believe my car was exported immediately upon purchase, but I brought it back home. Last year, there was a salvage/rebuilt black on black U.S. GTS for sale in the UK and a clean U.S. 348 Spider was just sold from Miami to South America to name a few. 25+ years ago it was much more difficult to get an allocation from Ferrari, so buyers purchased wherever they could. I've seen numerous U.S. spec Porsche 964/993s, a few Lamborghinis, and more in Europe for sale just in the last couple of years. More cars have been exported and/or salvaged than we think. There aren't that many clean titled, manual F355 Berlinettas and GTSes remaining in the U.S. and Ferrari definitely isn't making any more of them.
Supply is dwindling. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
Apparently not or the cars I mention would be sold. It's that simple. Maybe there is a price differential, but it's obviously not what they are asking for the US cars. I don't know why that's so hard to grasp.
I’d like to double “like” this. The biggest sales numbers have gone PP. Sent from my iPhone using FerrariChat.com mobile app
The Challenge Car was already sold when I visited Curated one month ago. Many cars are sold before they hit the website and sometimes there is a delay in updating it.
Yes and I saw it in the parking lot at the Concorso Italiano August 2022. @Matt Andrews should have purchased it Image Unavailable, Please Login
