what to do with a 67' 330 GTS with low mileage

True story. Been in touch with the son of the owner. A very nice guy. His mom pulled the trigger and sold it before he had much influence on the sale. IMO well worth it...

Geno

 

Good for them.

What happened to your offer?

I mean you are an owner of some high end stuff, Geno, what gives??

 

I was joking about the $2MM offer. I was very interested but never got a chance to give a real offer. I was awaiting for more info and pics of the car as was promised. The car sold before the son was able to furnish the info...

 

"true story" , now "joking" ??????? well ok........

 

Tom S.?

 

only as a bystander observing... having only read the story as posted here... it is a shame that a predator ( on the elderly without full knowledge of the value of their asset ) ended up with the car... an organized informed sale would have been more appropriate... allowing time for family verify the value of their asset... many cliche' about this kind of transaction... Ferrari community is not exempt from those with tarnished halos... the true value of the car will be exposed at its' next sale

 

I believe the car sold for about what it was worth based on the information the seller's son provided to me. In order to have a proper GTS's with value of about $1.7-$2MM in today's crazy market one would need to hire the very best restoration shop to get it to a highest standard. This can easily run $500K+. Than there is the holding time/costs. I think the selling price of about $1MM is not a low ball number. Not a predator type of a scenario. There was a well known broker involved and made the deal go quick. That all...

 

Sorry for the long absense. Geno is correct that the car has been sold by my mother. Given the condition and completeness of the vehicle I think it was a good transaction (not great). For full discosure, we found what we believe to be the original instruments in a box in the attic with other parts and the odometer had 36K kms (European model). I was counseling a little more patience, but my mother felt that she had a bird in the hand and wanted to be done. I certainly understand her decision given her circumstances.

I sincerely appreciate all the advice and coaching along the way (even if the beginning comments were less than complimentary). Since I no longer have a vested interest in Ferraris I will bid you all farewell and years of happiness engaging in your passion!

Erich

 

Thanks for sharing the story with us, and giving us the conclusion!

 

Free entertainment.
Maybe the buyer will share more here in the future?

 

Sounds like mom left ALLOT of MONEY on the table!!!...as evident by the QUICK FLIP by "1" dealer to another...POOR DECISION!!!...Alex

 

I have a mid-1960's Ferrari convertible that was in Bob Smith's shop for extensive reconditioning before I bought it last year. If Dallas is the area you prefer, you can't do much better than him.

 

Oh My!!!! my ALL TIME favorite.... well actually the GTC... what are your plans? are you accepting offers? any photos would be greatly appreciated even if they're just to lust after! Fantastic for you.... My recommendation, RESTORE IT!!!!! they will only go up in value! Happy Driving!

-M. Haines

 

@DCnelson275
@F355kid

First read, than write.

The car is sold.

 

LOL

 

1967 Ferrari 330 GTS | Gooding & Company

 

Oh WOW!!!

 

That did not take too long!

 

The Dr. had quite an interest in cars.

<i>Ex-Dr.Samuel L. Scher</i><BR><B>1910 Mercedes 45hp 4-Seat Tourabout</b><BR>Engine no. 10288 - View Picture - Motorbase

 

SCHER-Dr. Samuel L. passed away at home December 15, 2000 of natural causes at the age of 94. Born June 20, 1906 in Little Rock, Arkansas. He is survived by his wife of 63 years, Ella Scher, an attorney, and two children, Dr. Charles Scher, a plastic surgeon in Ocean Township, NJ and daughter Susan Shuster of Bal Harbour, FL and five grandchildren, Dr. Bernard Shuster, a plastic surgeon in New York City, Kenneth Shuster, a rabbi and lawyer in Queens, NY, Shirley Greenbaum of Brooklyn, NY, Libby Scher and Mia Scher of New York City and seven greatgrandchildren. Burial will be private for family. Dr. Sam Scher graduated from Baylor University College of Medicine on May 30, 1932. He interned and and did a surgical residency at Mount Sinai Hospital in New York City and Kings County Hospital in Brooklyn, NY. Dr. Scher was a pioneer and a well-known respected plastic and reconstructive surgeon in New York City for 62 years. He was an innovator of many plastic surgical procedures. Dr. Scher was president of the Rolls Royce Society of America and a collector of many rare automobiles. He traveled extensively around the world and lectured on many different plastic surgical procedures. Donations may be made to the Shul of Bal Harbour 9540 Collins Avenue, Surfside, FL 33154.

 

looks like this car made it in the ny times auto section today. This could be interesting.

 

Link: http://www.nytimes.com/2014/01/05/automobiles/a-sleeping-beauty-of-ferraris.html?hpw&rref=automobiles&_r=0

As much as I love originality, I don't understand the premium on these barn finds. It seems like there are only 2 options after you buy it: 1) Restore it to drive, which erases much of what made it special and gave it a premium; or 2) Preserve it, which means it doesn't get driven and will continue to decay since there is rust.

Neither option seems attractive, so who buys these and what do they do with them?

 

Peter, I agree...unrestored original good driver condition is one thing, a car that needs a full resto? Makes no sense. Brokers and auctions getting rich on this 'trend'