Current Testarossa Values

A Chris Harris video on the September 7th auction. Very nice video.

The testarossa section is at 2:35.

http://youtu.be/x2BqT6S29Oo

 

Shamile,

Never took it as an insult...you know what you are talking about and enjoy reading your posts. I totally agreed with you that the interior certainly needs work which is what the new owner intends to do. I suspect he will put about $12-15K into the car but in the end will have a fantastic car for $90K+...but of course with a few miles which in my opinion is a good thing. I was always amazed at how well the car drove with 66K miles compared to my considerably lower mile 86.

Brian

 

Ah....cool

I'm glad you took my post as intended. I so agree with you about the miles. I have 61k miles on my 91 and it just runs smooth. Well, I wouldn't remember because I was always driving my Diablo VT Roadster.....which I put 72k miles on lol



Shamile

Freeze. ....Miami Vice!

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Sweet, thanks for the link!

Even with all those amazing cars there - even an EB110, the Testarossa is the one that I just get hypnotised by.

Although there is a Countch S in the auction, not shown on the vid which would be the one car on the planet I would rather take home !


Dom.

 

Looking at a 1985 Monospeccio with 45k miles. Has had recent engine out service but miles worry me. Is $95k too much?

 

Miles = probably a well-sorted car, not unusually high for 30 years. Better than one that's been a garage queen, IMHO.


Sent via itty bitty electrons

 

Agree regarding that point. Car drives great. I tend to keep my cars for 20-24 months then turn over for something different.
I know values of these are supposed to be rising but not buying for that reason, just think it's a super cool car. However, I don't want to get caught in this bubble and end up at a loss in a couple years because seller's are asking for an extra premium right now.

 

Your profile shows that you have a 1995 F512M. What is the interest in purchasing a testarossa to have for 24 months if it is not for the money? Confusing...

 

I honestly think in a couple of year's time ppl will look back at posts like this and wish they had bought 5 of them!

If prices did crash though then u wuld probably loose more buying a low miles car at $200k than a higher miles car at $100k.....for the same reason as if they go up u will probably make more on a low miles $200k car than a higher miles $100k one.

As others say from a point of view of using it, the higher miles should mean it is more sorted.

Realistically though if you want an early flying mirror I don't think you will find one much cheaper!


I can only say what I think though, so it's best to use your own judgment as it's your money


You are in a different position to me if you already have a 512m - but when I bought my 86, I didn't even think about the miles (high 50's), I was so excited that I could get a Testarossa.

I'm sure there's thousands of other ppl like me just waiting to get an affordable one too when they get the chance, regardless of what they think the market might do - life's too short!


Dom.

 

Well said, Dom. Life is indeed too short to not have owned and driven a TR. Also, high miles (3,000+ per year) on these cars can be a good thing to sort out any issues.


Sent via itty bitty electrons

 

If the car is well maintained both mechanically and cosmetically I wouldn't worry about the miles.

 

+1

 

You've had some good responses to your inquiry. I would also add, there's nothing wrong in saying you're buying it for an investment...to make money on it. The Testarossa's time has come and it's been deemed a collectable. It may have it's ebbs and flows but it will always be on the rise.
I still remember a a quote from a mechanic that worked on the 250 gto in the 60's. " It was just an old race car that no one wanted.....we couldn't give them away"

Yep!

Shamile

Freeze....Miami Vice!

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Yea......now you can't buy em unless you own half of the country!

 

This must be the one he's talking about:

http://www.ferrarichat.com/forum/ferraris/498163-1985-us-testarossa-single-mirror-black-tan-42k-miles-socal-%2495-000-a.html

 

Looks like it has been really well cared for by a proper enthusiast who understands the cars. In the UK, it would be maybe twice that price, even with its history of US/Germany/US.

 

Awesome. Thanks for the Chris Harris / Max Girardo vid ! Luv those guys.

 

FYI everyone, Here we are on 9/1 and Hagerty has updated the values. I am not sure what this means, but for now it looks like TR values have stopped the rise and held their value.

 

Huh? I see a price rise for all 4 condition levels. At least for my '85 anyways.

 

1987 is flat... Average selling price listed as "$89,000."

$140k for a level 1
$115k for a level 2

Makes you wonder what the real values are...

Lower than I would have thought based on all the speculation I see on here...

 

I looked and noticed that the current sale listings shown are from e-Bay. If the data compilation is from a single source, like e-Bay, I wouldn't put much credence into the valuation.

I tried to view the insured value link, but there is nothing.

INHO, It's still a better 3-5-10 year investment than anything else that will give you joy when peeking in your garage or taking it for a drive to blow out the cobwebs. Mine will pay my nursing home expenses someday (not soon, I hope).


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After checking all the years only the 2 monospecchio years have risen since May. It will be interesting to see if that trend continues.

 

level 1 cars of all years should be at approx $180k. Hagerty has not done a good job of keeping abreast of the Testarossa market this quarter.

 

I am curious, what are your sources?

 

Yep, a little stall but I see this as confirmation that the recent high was not inflated
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