Is this a bubble? | Page 41 | FerrariChat

Is this a bubble?

Discussion in '308/328' started by slvr993, Jan 8, 2015.

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  1. Harry-SZ

    Harry-SZ F1 Rookie


    I know, but at that time it wasn't. The car was listed on Autoscout for over a year and was not sold. I was probably the only person serious enough to travel to the south of Italy to view the car in real life.
    When I did not buy it, they took it offline, fixed the problems and decided to keep the car.
    Untill now.


    It needed 5K of work at least and the price was fixed. That with the missing history made me decide not to buy it.
     
  2. Dino944

    Dino944 Formula 3

    Aug 11, 2007
    1,598
    Rhode Island
    Full Name:
    Dino
    In recent years these cars have definitely come into their own. My wife and I went to lunch with friends, they had their 430 and we had our 328. When we walked out of the restaurant someone said, "Can I ask a question about your Ferrari?" I thought the guy was talking to my friend since his car was far newer and bright yellow compared to my subdued red ;) and back then it was still attracting lots of kids and youtube video creator , but the guy started asking questions about the 328. I was sort of surprised.

    These cars used to be largely ignored at F car meets other than by other 3X8 owners. Now it goes to Fcar meets, people ask questions, and it gets unsolicited offers to purchase it.
     
  3. 308 GTB QV

    308 GTB QV Karting

    Jan 19, 2010
    209
    It sounds like the car you saw, can't be too many with the same spec, milage and country. The world of 3x8 feels small! It will be interesting to follow this one. Looking at current (asking) prices in Europe it seems to be around €40k over the level.
     
  4. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,169
    CT
    Full Name:
    John Kreskovsky
    #1004 johnk..., Feb 23, 2015
    Last edited: Feb 23, 2015
    I just cam back for Wayne Carinis' place discussing what my 85 308 GTB QV might be worth with Mike. Obviously, in this winter wonder land they call New England I didn't have the car, but numbers were impressive. Is thus a bubble? We talked about that. They have seen cars double in value and I mean million dollar cars going to 2 million dollar cars in a year. Is a correction coming? There is a sense that there has to be but when is any bodies guess. Next week, month, year? There is no clear indication but there are collectors out there selling. But they are selling to a new generation of collectors. 30 and 40 something that are buying from the collections that older guys have built over the years. There are a lot of techno nouveau riche looking for cars.
     
  5. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,578
    Gates Mills, Ohio
    Full Name:
    Jon
    #1005 Bullfighter, Feb 23, 2015
    Last edited: Feb 23, 2015
    You have a unique car - literally I think it's 1 of 1.

    I've seen hundreds of 308/328s, but I'd certainly find yours more interesting than the run of the mill later Ferraris. After a glass 308, an '89 328 is the cat's meow.
     
  6. Dino944

    Dino944 Formula 3

    Aug 11, 2007
    1,598
    Rhode Island
    Full Name:
    Dino
    Hi Jon,

    Thanks for the kind words about my car. Its definitely nice to see these cars being recognized as being great sports cars, and not being discounted by other Ferrari owners for their lack of a 12. Cheers!
     
  7. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,253
    Black Forest Germany
    Full Name:
    Martin N.
    For a non native speaker: what does this expression mean ?

    Best Regards from Germany
    Martin
     
  8. Owens84QV

    Owens84QV F1 Rookie

    Oct 2, 2001
    4,486
    Somewhere in NC
    Full Name:
    Greg
    I'm guessing it refers to the legion of Ferrari owners who believe that "real" Ferrari's have a 12 cylinder power plant.
     
  9. Martin308GTB

    Martin308GTB F1 Rookie

    Jan 22, 2003
    4,253
    Black Forest Germany
    Full Name:
    Martin N.
    Thanks. That was my first thought. but doesn't explain the behaviour of 355, 360,up to 458 owners.

    Best Regards
    Martin
     
  10. Jezter70

    Jezter70 Formula Junior

    Nov 1, 2013
    530
    Surry (from UK)
    Full Name:
    Jez
    Ah, but Martin ..... how may of them would now wish they could straight swap their moderns ,for an early 308 ?! ......Give it another 6 months and i think early 458's and Carb steel 308's will reach parity on price ..... how interesting will that make discussions at car and coffee type meets??!
    BR,
    Jez
     
  11. 308 GTB QV

    308 GTB QV Karting

    Jan 19, 2010
    209
    Could 458 be the first model that would make 308 owners swap maybe? :)
     
  12. Jezter70

    Jezter70 Formula Junior

    Nov 1, 2013
    530
    Surry (from UK)
    Full Name:
    Jez
    Only if its a 'Speciale', for me ..... the rest are way too common, and are dropping in price , like a TV from a hotel bedroom window! :)
    No doubt they will have their day too as the ' last of the NA cars........ in about 30 years time!
    BR,
    Jez
     
  13. Dino944

    Dino944 Formula 3

    Aug 11, 2007
    1,598
    Rhode Island
    Full Name:
    Dino
    Hi Martin, yes it was a reference to the fact that 3X8s do not have 12 cylinders. Sorry if there was some confusion. It was a very common negative statement to hear about 3X8s in the 1970s' , 80's and early 90s.

    I think we never really heard this statement about 355s, 360s, 430s etc...because those all made substantially more power and the performance level offered particularly by 360s and later cars was about as high as one could get regardless of the number of cylinders.

    In the end, most cars reach a certain age and people focus more on its beauty and being fun to drive rather than outright performance.
     
  14. 4redno

    4redno Formula 3

    Mar 21, 2006
    1,067
    Seattle, WA
    Full Name:
    Keith Mitchell Wintraub
  15. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,578
    Gates Mills, Ohio
    Full Name:
    Jon
    Those fools... could have had a 308 instead of a 246... ;)
     
  16. 308 GTB QV

    308 GTB QV Karting

    Jan 19, 2010
    209
  17. Casino Square

    Casino Square Formula 3
    Rossa Subscribed

    Apr 21, 2004
    1,728
    Hong Kong / USA
    Full Name:
    Andrew
    Seeing a nice early carbed 308 GTB is a rarity. The rest are a dime a dozen. People are waking up to the fact that they are beautiful AND rare. The 308's are about to have their day in the sun. Besides, let's say an early 308 hits $175K....what other early Ferrari Thais beautif and rare can you now get for closr to that money. Look at Dino's...
     
  18. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
    CHNDLR
    Full Name:
    Scott
    When bubbles collapse dealers get taken out - is that what happened to Symbollic Motors?
     
  19. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David

    FWIW: Received a cold call today looking for a 308. A first for me.
    Buyer was willing to go to 150 for an exceptional car.
     
  20. GatorFL

    GatorFL Moderator
    Moderator Owner

    Nov 18, 2005
    16,899
    Wellington, FL
    Full Name:
    Duane
    5 months ago I thought I might sell my platinum winning 328 GTB for $150 if they were getting that. Now I think I'll hang on for the ride. :D
     
  21. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    I told him mine wasn't for sale before I asked what he was offering.
    Not that mine is top of market quality, but 150 wouldn't budge me. There's nothing that I could do with that money that would make me happier.
     
  22. Ericspider

    Ericspider Karting

    Aug 9, 2014
    70
    Texas Hill Country
    Full Name:
    Eric
    it would be hard for me to turn down that offer!!!
     
  23. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    Unfortunately the rising values are squeezing out a number of hard core Tifosi in favor of speculators.
     
  24. miked

    miked Formula Junior

    Feb 7, 2001
    893
    Cincinnati, Ohio
    Sad but true.

    It happens all the time to every marque.

    Speculators and "checkbook" enthusiasts. I always like the owners of restored cars talking about how "they" searched high and low for parts and did a restoration resulting in the car's 100 point condition when all they did was write checks (admittedly BIG checks).

    I prefer a well worn lovingly cared for "driver", at least I can use it as intended instead of just talking about owning it (sorry, make that being it's "custodian").
     
  25. Brian A

    Brian A F1 Rookie

    Dec 21, 2012
    3,133
    SanFrancisco BayArea
    Full Name:
    1983 US 308 GTS QV
    What is remarkable to me is just how long the "enthusiast period" was for the 308.

    They stayed relatively cheap (well, at least in reachable prices for us common folk) for a long time.
     

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