1980 308GTSi sold for $50,600! | FerrariChat

1980 308GTSi sold for $50,600!

Discussion in '308/328' started by SIVAN, May 27, 2006.

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  1. SIVAN

    SIVAN Karting

    Jun 6, 2004
    122
    Lake Forest, CA
    Full Name:
    Si Van Nguyen
    Just saw this bit of auction news in Hemmings Sports & Exotic Car magazine July issue. An original 1980 308GTBSi condition 2-, with just 3,480 miles sold at RM Auctions for a crazy $50K! That was one expensive garage queen!
    SiVan
     
  2. Meister

    Meister F1 Veteran
    Silver Subscribed

    Apr 27, 2001
    5,516
    Duluth, MN
    Full Name:
    The Meister
    did it give the vin #?
     
  3. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,593
    Gates Mills, Ohio
    Full Name:
    Jon
    What's a condition "2-"?

    I could see a perfect, ultra-low mileage car being a very in-demand item. Not sure a "2-" is worth anything close to $50K...
     
  4. mark328

    mark328 Guest

    Jul 30, 2005
    664
    Mi
    Full Name:
    Mark
    Way overpriced IMO.....If this car is in need of a major service and you plan on driving it you may lose 20k the first year of ownership.
     
  5. SIVAN

    SIVAN Karting

    Jun 6, 2004
    122
    Lake Forest, CA
    Full Name:
    Si Van Nguyen
  6. DannyR

    DannyR Karting

    Apr 6, 2005
    129
    Alabama
    Full Name:
    Danny Roberts
    Anytime a car sales at a higher than 'average' price we should be grateful. It only increases the overall market value of our own 3X8's.
    Whatever it sells for, that's what it is worth. Maybe not to you, but to someone. Pricing on older Ferraris is nothing if not percieved value.

    Danny
     
  7. JTranfield

    JTranfield Formula Junior

    Dec 29, 2003
    665
    NYC, London
    Full Name:
    J Tranfield
    I was at the auction and had a good look over the car. I would say it was a 1- condition car. A couple of tiny trim issues (headliner) and a neglected engine bay spring to mind. It really needed a good detail. Lots of international buyers there so it may have gone abroad where the 308s are worth a lot more. It would also be very hard to get a normal 2-, 3+ car to close to this condition for the selling price.
     
  8. gerard.hansen

    gerard.hansen Formula Junior

    Jun 29, 2004
    665
    Hattiesburg/Petal MS
    Full Name:
    Gerard D. Hansen
    There are only so many and I think that the prices of the 308 are low. Just look at the prices of the 246. The 308's should be worth more that what they are going for.
     
  9. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,593
    Gates Mills, Ohio
    Full Name:
    Jon
    I think this is true. Top notch 308s are getting very elusive. The only really good 308/328s that turn up frequently are '89 cars, which are a very different car IMO.

    Whether a "2-" 1980 car is worth $50K... well, that's still a stretch.
     
  10. ParadiseRoad

    ParadiseRoad Formula Junior

    Mar 26, 2006
    538
    Colorado
    308 production was roughly three times the 206-246 production, thus the higher value of the much rarer 246. I think the 308 will start appreciating though. I hope I can find and afford a good one before they do.
     
  11. zebra308

    zebra308 Formula 3

    Jan 14, 2004
    1,339
    All Flimmits
    Full Name:
    Ruffis Leekin
    I believe there were only 495 or so, 308 GTBi s made between 1980 and 1982.
    Maybe that's why it commanded thet kind of price?
     
  12. gerard.hansen

    gerard.hansen Formula Junior

    Jun 29, 2004
    665
    Hattiesburg/Petal MS
    Full Name:
    Gerard D. Hansen
    They are only as worth as much as we ask for them when we offer them for sale. I don't know why owners want to offer them so low. If all owners of these cars....there aren't that many, hold to a higher selling price, we can influence the value . I would not sell my 78 GTS for less than $30K and the longer I drive it, the more $$$ it will take for me to part with it. Basic supply and demand....like OPEC but with cars!
     
  13. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,593
    Gates Mills, Ohio
    Full Name:
    Jon
    206-246s are nearly all in collections or in the hands of Ferrari enthusiasts who care for them. A lot of 308s are still bought and sold as "cheap sports cars" and being allowed to die slowly due to the stiff maintenance costs. Ultimately the populations may be closer than you think, original production figures notwithstanding.

    As someone who spent a year searching for one, I think you should ask top dollar for a top notch car. The 308s I saw last year were for the most part tired and old-looking cars. I'd guess the worn out ones will turn into parts cars while the good ones will appreciate. To some extent this may be determined by 328 prices.
     
  14. spiderseeker

    spiderseeker Formula 3

    Jul 22, 2005
    1,718
    Colorado
    Full Name:
    Steve
    With 328's bringing $50-$60k, well sorted 308's should be in greater demand and should be priced in the mid-high 30k's and the 308qv's in the low-mid $40k range.
    It took me 8 months or so to find a so-called "common" 308qv in nice shape. They are getting much harder to find. My price tag, if I ever sell, will be in the $40's and worth it. (show me a better looking, more exciting car for $40k)
    Steve
     
  15. DannyR

    DannyR Karting

    Apr 6, 2005
    129
    Alabama
    Full Name:
    Danny Roberts
    We do indeed set the stage for 3X8 values in the future. Ferrari Chat is a pretty powerful (Global) community. If we as owners deem our 3X8's to be worth 26K to 32K then that's all they will ever be worth.
    Once again I go back to the concept that value is perception. A good clean 308 is worth every penny of 50K if someone is willing to buy it for that.
    They aren't making anymore of them.... so a low mileage but well maintained cars are getting harder and harder to find.
    Keeping it real however, there are alot of driveable but fairly beat up looking 3X8's out there. And just like an uncut yard in a nice neighborhood. They can certainly drag the average prices down.

    Danny
     
  16. branko

    branko F1 Rookie
    Owner

    Mar 17, 2003
    3,710
    Birmingham, Alabama
    Full Name:
    Branko Medenica
    Ditto, I like the price increase. It means mine is increasing in value.
     
  17. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    I have been looking at every 328 that i can find for 3 months and they are selling for 40-50k (except 89's). not 50-60k.
     
  18. spiderseeker

    spiderseeker Formula 3

    Jul 22, 2005
    1,718
    Colorado
    Full Name:
    Steve
    a mint low mileage 328 from this board just sold for about $71k I believe. Might have been an 89', (89's are still 328's). Looks like prices have been rising this year for good clean cars.
    The last time I checked Cars.com the "average" 308qv was in the $40k+ range.
     
  19. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,593
    Gates Mills, Ohio
    Full Name:
    Jon
    A $40K 328 carries that discount for a reason (high mileage, deferred maintenance, accident damage, wear and tear, etc.)

    I had a perfect, time capsule 308QV offered to me last year at $57K. I balked, and it was sold out from under me for a price near that amount.

    I also sold an incredible Porsche '96 993 cab last year for $50K to a Porschephile up in LA. You can buy 993 cabs all day for $35K -- just not that one. I'm guessing this 3480-mile 308 is one of those cars.

    Yep, Surfermark's pristine car. 4300 miles or so. "Good clean cars" is the key phrase.
     

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