355 Why $205,000,00

Why did they get this price?


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Somebody thought it was worth it?

 

True, but what’s the dif with other 355s?

 

Manual with fairly low miles is always going to get a premium. (Not sure if the "euro" gets into it, but I'd want to see if/how it was US imported and/or how any modifications were done or undone).

 

True again, but wow, $205,000! Nice increase/inflation, I love it. Keep it up. It’s a good car. I just don’t see what makes it, the it car. Second year, not not first or last year, not a factory special car, etc. What price will they bring?

Again, I like them getting that price, & hope that’s just the new normal, but other than that, I don’t see it. I’m just asking if I’m missing something.

 

Manual, euro, low mileage, sport seats (very rare), amazing presentation for BaT and a very responsive seller.

 

Give their ad writers a raise.

 

Hope the buyer doesn't get cold feet.

 

Me too. I love it.

What will these go for?
The F355 Challenge
Serie Fiorano
1995 Koenig-Specials F355
Etc

 

I love Koenig, but their take on late
90s cars was bad. The 355 was especially bad.

 

And having more than 1 Bidder who badly wants it .

 

The Euro thing is a pro and a con. On one hand, the front bumper lights are white rather than amber. And there are no side marker lights to break up the car's lines. The sports seats help boost value but those were an option for N. American cars as well (unlike, I believe, the rare roll bar option). On the other hand . . . is it possible to register the car in CA? I'm asking the question as I really don't know (I live in FL so it's possible to register virtually anything here). But if not, that probably held back some potential buyers.

Also and fwiw, mileage is low by normal car standards, but not by Ferrari standards. I consider 4 figures to be low mileage for a modern-age Ferrari, but perhaps I'm in the minority.

 

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IMO, lesser 355’s with similar mileage have gotten more, however, they were U.S Spec 355’s. A Red/Tan 17k mi fetched $300k on BaT.

I believe this is a top price for a Euro-spec 355 (GTS or GTB), but most have been in the 30-50k mi range and perhaps not as well presented.

The manual transmission, carbon seats, mileage, and resale red color are what drew attention to this car, with most focus on carbon seats. It’s probably been 5 years or more since a manual 355 with carbon seats appeared on BaT. They produced less GTS’, but they produced even significantly lesser 355’s with these seats. Roughly 3% of 6000 GTB/S’. Roughly 1% for US cars.

Regarding US spec vs Euro spec, I very much prefer the cleaner look of the Euro spec cars, but when bidders from CA, the largest automotive market in the U.S, are blocked out due to being unable to register the car (normally), then you are missing out on that many potential bidders. It only takes 1 more motivated person to tango. Being a California native and automotive enthusiast, @Mmckee and I both know there are plenty here ready to tango .

 

https://bringatrailer.com/listing/1999-ferrari-f355-gts-7/

This US spec GTS with 60k mi fetched slightly more. Which one would you buy?? Oh wait, if you’re in CA, you can only choose one of these .

 

17k mi is low compared to other 355’s on the market. I’d say only 5% of 355’s are below 17k mi. So if one wants a 355, that’s the only pool you have to choose from.

 

Well, I’ve never been in the top 5% and it’s nice to know my 355 is with me.

 

Because we live in a crazy World right now.

 

We have a thread dedicated to the F355 Market: https://www.ferrarichat.com/forum/threads/f355-market.487947/page-459

There are many reasons why this Euro '96 sold for $210k all in. Low miles, unobtanium carbon kevlar racing seats, it looks like an extremely clean car, and presentation.

Considering the direct competitor 993 Turbo with 17k miles would sell for approximately 50% more or $300k, the F355 is still undervalued in the market. My philosophy with Porsche 911 buyers is that the cars look very similar due to their evolutionary design process, so when a rare color or option comes along, buyers go nuts and pay huge premiums for them. This F355 has a set of ultra rare seats that would sell for $20k+ by themselves and maybe a couple hundred cars were ever sold with them (I have less than 100 cars in my worldwide database so far).

The F355 Spider was more desirable in the U.S. in the 90's into the early 2000's, which is why shows in its production and import numbers. The Spider was prominently featured in movies like "The Rock" and "The Fast & The Furious", which helped secure demand at the time, but the pricing tide has shifted toward targa and hardtop F355s. Buyers want dual purpose (GTS, which is the rarest model by far) or a Berlinetta because of looks and function versus a Spider that is more fair weather and can have top issues. If your car was a low mileage gated Serie Fiorano, that's a different animal due to the rarity, upgrades, and collectibility. Keep in mind, there have been many $200k+ sales, but they take place off market or with prices upon application.

 

Maybe this will give you an idea…..

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Buyers pay a premium for Dinos equipped with "Chairs" (Daytona seats) and "Flairs". Since the F355 wasn't available with flairs, our "Chairs" are these carbon kevlar or carbon fiber racing seats. Less than 150 Dinos were equipped with both options (much smaller production run than the F355), but the combination of those 2 options can add about 20% to the price.

 

205K is a historically nice result, but as the seller considered it a somewhat "bittersweet" result, no doubt he was expecting better (as was I and a bunch of other people, I think). Could very well be that CA effect; it does take 2 buyers to get a really good price.

 

Well, here’s another example that’s not a competition Dino, no chairs and flares…..$716,206, although this is taking us a bit off main topic, sorry..

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