Dry sump GTB basket case on Fleabay

I think your numbers are a little off.

Just the engine is going to run you that "20 or 30" more. JUST the engine.

Honestly if they paid you $10,000 to flatbed it away, I would worry about breaking even to do it right.

 

Obviously it isn't an 80. In fact it is more 78 than it is a 79.

I wonder where 80 came from?

 

That was my guess, although I am a little surprised a brand new 78 GTB took two years to find a forever home back in the day.

 

No insult intended. Fleabay (as in Flea Market actually quite clever).
This car is quite close to my own, 25031 vs. 25053.
Definitely a '78.
Rick.

 

Nobody knows how in depth you'd need to get with the engine - be it a $20k nut and bolt rebuild or perhaps needing only valves/heads and a through going through for half that. A proper paint job including bodywork would probably cost another $20k. The leather could be redone for $6k, although I agree with Tex that the interior looks serviceable and would be worth cleaning up to keep original. So you'd be in a dry sump GTB for worst case scenario of $46k refurb costs (call it $50k with misc). Factoring a purchase price of $34k for a total of $84k and I don't think you'd be upside down in today's market. You may even still have some decent upside if you were exporting it.

 

I suspect your price prediction is accurate.

Regarding the costs of refurb - my numbers are taken directly from what I have paid in the last year for restoration of an earlier car I received in similar condition to this one. I went a highly detailed route that included complete mechanics freshening (disassembled, new clutch, valves, and many other parts), complete interior (all surfaces, seals, and carpet), complete suspension refub (all new components, bushings, and proper finishes), and a glass out bare metal respray. I didn't do any of the work myself and I don't have anywhere near $150k in a very nicely restored car. Managed properly, these jobs are doable.

 

Study up that's wrong

 

This car has lots of potential he current market value for a 78 dry sump Euro GTB is certainly north of $100 with room to spare. We currently are restoring a 76 Vetro and a minor restore on a 76 US GTB. Would love to get this one in line as well

Wade

 

If you bought it, it may not be a crazy investment - you don't have to hire someone to fix it like we do .

These cars are best bought by folks like you, not some new-to-Ferrari guy looking to save a buck by picking up a "priced right fixer upper 308"

 

I would like to see the car saved so good luck to buyer and seller. The rust and bondo filled bodywork look scary.

 

My #22641 sat at Ron Tonkin unsold THREE years!

This title issue is due to the importation date Tommy.
I agree it's a mid year 1978 at the latest.......

 

As we have seen in Newman's famous threads...the Russian steel leaves a lot to be desired.
So, "rust lurks" in all of them...this one simply shows it (in the usual spots)

Still I have been hanging out with hot rod guys, and the cost to fix this body properly and repaint (glass in) I would put below $10K..

TRutlands does a short block for $12K??

Seats and carpet (the rubber and anodizing looks pretty good in pictures.

He does reserve the right to pull the auction, maybe I should drop over!!

j/k, I am on the sidelines on this one, unless someone needs me to give it the once over.

 

Check out the old Porsche also.....$85K....

 

A US 'cap" has only four poles???

This is a Euro distributor (missing the drip shield!)

 

He meant a cap from a US car. Its a Marelli cap. It is just chalky from exposure to the elements.

 

I don't think you dropping over will make any difference. I asked him what he needs to end the auction, and he said he wants to let it run. I bid the current 35k and was outbid instantly so I think this one will set the new "project" benchmark. Since he couldn't confirm there isn't a hole in the block, I don't feel comfortable with any more. Someone is in for a surprise - either really good, or, really bad.

 

I would go as far as $60K on a bid, but I shave a crazy man every morning...

Nothing there that scares me, I have seen it all.

A block of course would be really bad news but this looks like a "first timer" belt change......

 

don't be afraid of a block, I have one if needed. This would be a great project, a little too much for the do it yourselfer but for a quality resto shop this would be an ideal job.


Wade

 

I think the body holds significant surprises. Those are not just rust bubbles, but rust bubbles emerging through heavy layers of bondo. The left side of the car is so laden with bondo that the front dog leg, door and rear quarter panels don't even align with the sill. Bondo looks 1/2" or more thick.
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You can see the Macco paintwork all over the car, so the "quality" of past bodywork in the past was sloppy no doubt. It definitely needs to be completely stripped and addressed by an experienced body man. I would assume anyone buying this car would have gone that route anyhow, so no big deal. Fortunately all the metal is available at very reasonable prices.

Body Panels for Ferrari 308, 208, 288 GTO & F40 - Superformance