what to do with a 67' 330 GTS with low mileage | Page 4 | FerrariChat

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

Discussion in 'Vintage Ferrari Market' started by schlegele, Oct 12, 2013.

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

  1. geno berns

    geno berns F1 Rookie

    Joined:
    Oct 26, 2006
    Messages:
    3,006
    Location:
    Midwest
    Full Name:
    Geno
    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

     
  2. stevenwk

    stevenwk F1 Veteran Silver Subscribed

    Joined:
    Apr 12, 2007
    Messages:
    5,533
    Location:
    Metro Detroit/Encino
    Full Name:
    Steven
    Good for them.

    What happened to your offer?

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

    geno berns F1 Rookie

    Joined:
    Oct 26, 2006
    Messages:
    3,006
    Location:
    Midwest
    Full Name:
    Geno
    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...

     
  4. Edward 96GTS

    Edward 96GTS F1 World Champ Silver Subscribed

    Joined:
    Nov 1, 2003
    Messages:
    11,110
    "true story" , now "joking" ??????? well ok........
     
  5. ArtS

    ArtS F1 World Champ Owner Silver Subscribed

    Joined:
    Nov 11, 2003
    Messages:
    14,371
    Location:
    Central NJ
    Tom S.?
     
  6. El Wayne

    El Wayne F1 World Champ Staff Member Lifetime Rossa Owner

    Joined:
    Aug 1, 2002
    Messages:
    18,069
    Location:
    San Marino, CA
    Full Name:
    L. Wayne Ausbrooks
    Nope.
     
  7. cheesey

    cheesey Formula 3

    Joined:
    Jun 23, 2011
    Messages:
    1,921
    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
     
  8. geno berns

    geno berns F1 Rookie

    Joined:
    Oct 26, 2006
    Messages:
    3,006
    Location:
    Midwest
    Full Name:
    Geno
    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...

     
  9. schlegele

    schlegele Rookie

    Joined:
    Oct 10, 2013
    Messages:
    10
    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
     
  10. donv

    donv Two Time F1 World Champ Owner Rossa Subscribed

    Joined:
    Jan 5, 2002
    Messages:
    26,349
    Location:
    Portland, Oregon
    Full Name:
    Don
    Thanks for sharing the story with us, and giving us the conclusion!

     
  11. okiedude

    okiedude Formula 3

    Joined:
    Jul 11, 2011
    Messages:
    1,013
    Location:
    Remulak
    Full Name:
    Blake
    Free entertainment.
    Maybe the buyer will share more here in the future?
     
  12. El Wayne

    El Wayne F1 World Champ Staff Member Lifetime Rossa Owner

    Joined:
    Aug 1, 2002
    Messages:
    18,069
    Location:
    San Marino, CA
    Full Name:
    L. Wayne Ausbrooks
    The buyer was a dealer, and the car was immediately flipped to another dealer. I'm sure we will see it for sale as soon as it is cleaned up and safely operable.
     
  13. not a red "1"

    not a red "1" Karting BANNED

    Joined:
    Sep 26, 2013
    Messages:
    109
    Sounds like mom left ALLOT of MONEY on the table!!!...as evident by the QUICK FLIP by "1" dealer to another...POOR DECISION!!!...Alex
     
  14. DCnelson275

    DCnelson275 Rookie

    Joined:
    May 3, 2013
    Messages:
    7
    Location:
    Midwest
    Full Name:
    David C. Nelson
    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.
     
  15. F355kid

    F355kid Rookie

    Joined:
    Jul 17, 2013
    Messages:
    1


    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
     
  16. Floyd

    Floyd Karting

    Joined:
    Apr 30, 2009
    Messages:
    157
    Location:
    Germany
    Full Name:
    Jan
    @DCnelson275
    @F355kid

    First read, than write. ;)

    The car is sold.
     
  17. okiedude

    okiedude Formula 3

    Joined:
    Jul 11, 2011
    Messages:
    1,013
    Location:
    Remulak
    Full Name:
    Blake
    LOL
     
  18. dim

    dim Karting

    Joined:
    Nov 5, 2003
    Messages:
    151
  19. tx246

    tx246 F1 Veteran Owner Rossa Subscribed

    Joined:
    Nov 4, 2003
    Messages:
    6,704
    Location:
    Texas
    Full Name:
    Shawn
    Oh WOW!!!
     
  20. AKINSB

    AKINSB Formula Junior

    Joined:
    Feb 15, 2013
    Messages:
    502
    Location:
    Santa Barbara
    Full Name:
    Alex K
    That did not take too long!
     
  21. damian in nj

    damian in nj Formula 3 Silver Subscribed

    Joined:
    Aug 24, 2009
    Messages:
    1,204
  22. damian in nj

    damian in nj Formula 3 Silver Subscribed

    Joined:
    Aug 24, 2009
    Messages:
    1,204
    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.
     
  23. shoreorthopod

    shoreorthopod Karting

    Joined:
    Oct 14, 2012
    Messages:
    152
    looks like this car made it in the ny times auto section today. This could be interesting.
     
  24. peterp

    peterp F1 Veteran

    Joined:
    Aug 31, 2002
    Messages:
    6,702
    Location:
    NJ
    Full Name:
    Peter
    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?
     
  25. bighitter2

    bighitter2 Formula Junior

    Joined:
    May 7, 2005
    Messages:
    495
    Location:
    virginia usa
    Full Name:
    chuck coli
    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'
     

Share This Page