Sorry, couldn't resist adding this topic, as it seems that every other model specific forum has a similar topic. Although partially facetious, I do offer the following evidence that maybe we are seeing a "Modial Bubble": $69.9K: 1986 Ferrari Mondial 3.2 Cabriolet For Sale - 1072251 - duPont REGISTRY $68.9K: Ferrari Mondial | eBay $65.9K: Ferrari Mondial | eBay Sid
What's that saying about the tide? Floating all boats? Anyway, Sales and Marketing types... rhymes with Overhypes. I seriously doubt that 90% of Mondial sales are more than 10% higher than during the past 10 years.
I think with limited production automobiles, the market can be set by a few fine examples. If these cars sell, for those prices, than others in similar condition and mileage can expect to follow suit.
Where speculators come into sight they make it a bubble and I guess they are in the Ferrari game for some months now. It's a bubble. (referring to general purchasing of old lot)
I think the first on was on ebay many times didn't go over 30.000 if I´m not mistaken for several months I think the wanted something like 38 back in oct of last year. What I see lately is many exotic car sellers keep publishing higher price in order of starting a trend instead of a real market one, when you see 3 already around those prices the one published lower might ask more and when they increase their value more investor-collectors o people in love with the model want to buy at that timing. The MG cars at list have low millage but still think the shouldn't be no more than 40-45. One thing is asking the other one getting it for me real prices for exotics is car advertised for less than a month that get sold
A member here, in California, with a black/tan t coupe, very low miles (on the order of 5000) turned down $52k last year if I recall. And that was just listed on ebay. Regards. Jerry
It seems like most Mondials are going in the Mid 20s, with nice Ts going in the low to mid 30s. Although, with the rise in price of the 3x8s, the Mondials seem as if they are the last of the "affordable" Ferraris. We might see some people jump in now before the cars exceed some pricepoint deemed "unaffordable". And, we might be seeing some "speculation" as investors jump on the "any Ferrari" bandwagon. Personally, I'd like to see a little rise in price. If this raises the "respectability" of Mondials, then we might see more restorations and fewer cars sitting unused/unloved in garages and storage. sid
I think we're definitely in a bubble as the general economy has improved here in the states. I also think that as the Enzo era Ferrari become more out of reach to the average collector, the logical conclusion would be to look at the early Fiat era cars next (3x8, GT4, 400, mondial) A check on successful eBay auctions show 20-30K range Ferrari Mondial | eBay So far the Mondials have held steady in price...I suspect we'll see that for the next 5-10 years - then start skyrocketing when the 'time' has come (ala 308 GT4) - see chart - Hagerty Of course however, the museum ultra low mileage ones seem to go for much higher prices - the ones I seen listed on sites are ones that are more 'driver' cars then Concours versions... Image Unavailable, Please Login
Property is on it's ass at the moment, speculators have moved into classic cars, but once the property market looks more favourable then the classic car market which is way overblown will probably collapse. The other wild card is the electric vehicle factor, at the moment we are at a halfway house with hybrid cars but in 5 years I think 50% of cars on the road will be electric and in 10 years nearly all will be self driving electric. So how will this affect the classic car market, this is a massive step change and old antique petrol powered cars may no longer be desired. Just like the death of the most desirable items once new tech replaces it. Internal combustion has nearly had its day, I think we are starting to see something very new now. This might just be the last hoorah for petrol powered classics at this end of the scale, yes there will always be collectors but they will probably be a fraction of the numbers we have at the moment once this step change happens, prices will be affected in this shrinking specialist sector All the best Bell Bloke.
I wholeheartedly feel a visceral hatred towards electric cars of any shape or form. Electric cars may very well be the future, rendering older, petrol internal combustion engines extremely obsolete and harder to maintain. Which may actually work the other way: make classic cars even more classic, even more a sign of an era, even more valuable. Kind regards, Nuno.
I hate electric cars too, I also hate digital photography over film and Mp3 over CD or CD over records. It's progress they tell me..
I don't hate electric cars. However, they are not for me. I grew up on gas fumes and am too old to change. Plus, I don't drive for efficiency. I want more. Fun, passion, noise, and yes fumes! Perhaps it's juvenile of me, but I really like the roar of a V8 when pressing the go-pedal. Doing a burnout without hearing engine noise seems kinda pointless. We tried the hybrid thing for my wife's DD. She kept it for a while until something better came along. Now she drives a BMW Diesel. Better mileage than the ford hybrid suv she used to drive. I'm not even sure that I'd want one of the new supercar hybrids. If someone were to give me one, I'd probably drive it for a day just to experience it, then sell it and buy something like a BB, or a Daytona. I guess I'm just old fashioned. One of the trends that has really infuriated me (of late) is that automakers are wiring in "engine sound" into their car (Caddy ATS, MB C Class, etc.). Never, ever, ever will you catch me driving a car like that, unless it is in a demolition derby (yeah, I'm a southerner). As for kids, fortunately, my son (27 yo) also likes gas fumes. Although, he tends to lean towards turbos and other forced induction. It's really nice having a true mechanic in the family (ASE certified), to help me with my toys. Sid
+1 Mondials are the only cars left, 308's and GT4's have taken off, so now they are all alone in the "starter" market. Eventually demand will increase and there won't be enough cars to fulfill it so prices will be on the rise sooner than we think, it's inevitable.
Asking isn't getting of course. What are you trying to do? Run the prices up now that you have one??? Personally I'd prefer to see these cars stay inexpensive and remain unloved by the majority of Ferrari owners. It makes them great deals for those of us that love them for being a Mondial and not JUST an inexpensive Ferrari or a potential investment. If the cars were wearing an Alfa or Lancia badge, I'd be just as smitten with them. So, shhhhhh. 2cam
Totally agree. Basic supply and demand. The 348s and 355s seems to be reversing their downward price trend of the last couple of years as well which will also raise the price ceiling for Mondials. 2cam
I was in my wife's E55 a couple of weeks ago and took off from a stoplight with a Tesla S. It wasn't even close - the Tesla just walked away. It was startling how fast the Tesla left the line and the Mercedes just couldn't pull it back in. I love petrol cars but am a believer in electrics. They may not have that visceral edge but I like their value prop. Plus, they're just getting a start in the market. The next 20 years should see a HUGE increase in technical advancements in electric vehicles that will make them better and better. I kinda hope that it ends up like in the movie Gattaca where we have beautiful, classic vehicles with electric drivetrains. 2cam
There was an article on Yahoo this week that was quoting a Hellcat owner on the dos and don'ts of whom not to race in order to avoid losing. Number 1 on the list was to avoid any electrics, and in particular Tesla's. Apparently, that Hellcat owner was tired of being beaten. Sid
Nah. Not trying to run the price up. I'm not into flipping cars. I think I mentioned in my first post that my family is starting to use the word "Car Hoarder". Even if the price doubles or triples, I wouldn't sell. I'm having too much fun. And, isn't that the purpose of a Ferrari? How much fun is an investment? Useful, but not much fun. Cars were meant to be driven, and Ferraris are meant to be driven "energetically". Maybe when I retire (not all that far off now), I'll restore and flip cars. But, as my family can attest, the ones that I have now, especially those "Firsts", won't ever go. Has anyone ever been buried in a Ferrari? Getting back to pricing, the only benefit of a price increase would be increased love and attention given to a lot more cars. I like seeing/reading the 308 restoration threads, and would like to see some Mondi restoration threads. We are seeing lot's of 3x8s brought back from the dead. Cars that just a few years ago were considered junk and/or worthless. Sid
"Has anyone ever been buried in a Ferrari?" Sid! Sandra West. 1964 Ferrari 330 America...Alamo Cemetery, San Antonio TX What a waste of a gorgeous vintage V12...
Another Texan! However, I have to wonder...... is that car still there Alamo Cemetery? Anyone up for a little midnight excursion? (just kidding!!!!) (or was I???) sid
I am currently watching 3 Mondis on Autotrader.. 2 82 model 8's, red/tan, one for $23k, the other for $26500. The 86 3.2, also red over tan, is $32k. There are also a couple of t's in black/tan, average asking price is close to $40k. Since brother Robert's, and eventually our, Mondi is a black on black 82 8, I'm most interested in those cars. I've followed the tribulations of the restos of those doing an 8, and am resigned to the reality of having $30k in the car when all's said and done. Looking forward to getting started, and, of course, done!!
I believe what we are seeing is a gradual settling-out of Mondial prices into two layers: The lower layer is around $30k and includes unkempt Mondials with broken CV boots, hard hot start issues, original fuse box with melted connectors, rust in the bottom of gas tanks, original coolant return hoses, and original shocks - to point out key problems. These are far off the marque but parts alone could reach $20k+ - if one has the time. Many of these cars still run but are not dependable. The upper layer (moving toward $60k) includes well kept, documented Mondials used at least weekly throughout their lives which have kept up with eroding and aging aspects of the car (this means a fairly large amount of money has been spent for proper routine maintenance, repair, etc. (Garage Trophys look like $40k but are not going to be resilient during normal use. Buyer Beware) Bottom Line - Owners of true upper layer cars are likely to have $60k in the car. That's why those owners won't come down on price. They will just keep enjoying the car!
I hope the prices keep rising! I'll probably sell one of my 3.2 coupes this year (don't realistically need two). I have over $30k USD in each of them after having them fully serviced with new belts, tensioners, engines resealed, tires, etc.... It would be nice to get some of that money back!
