Times have changed | FerrariChat

Times have changed

Discussion in '308/328' started by Tricycle, Mar 3, 2016.

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  1. Tricycle

    Tricycle Formula Junior

    Dec 21, 2004
    636
    LA Cnty 4,083sqmiles
    I remember going over to Ferrari of Newport Beach around 2012 and asking if they ever sell 328s.

    I received that half smile from the salesman and a "No we don't sell that old of a model"


    1988 Ferrari 328 GTB Base - Newport Beach California area Ferrari dealer near Los Angeles California ? New and Used Ferrari dealership Long Beach Anaheim Van Nuys California

    "And for those of you that seek the "needle in the haystack", it just arrived. A show winning, perfectly presented 1988.5 328GTB! Click picture for more details and email with interest."
     
  2. topcarbon

    topcarbon F1 Rookie

    Nov 3, 2006
    2,605
    That's beautiful but the price is too close to a testarossa to consider
     
  3. furmano

    furmano Three Time F1 World Champ

    Jul 22, 2004
    32,215
    Colorado
    Full Name:
    Furman
    I think that's about right for an asking price for a 328 GTB. This is Larry O'Rourke's car, a long time owner and the the creator of the original 328 GTB Registry. :)

    -F
     
  4. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,408
    Houston, Texas
    Full Name:
    Bubba
    Late model "B"s have been making a strong run in the market...I guess it doesn't hurt to ask....

    As the ad copy implies, they would sell you a unicorn, if they only had one.....
     
  5. thorn

    thorn F1 Rookie

    Aug 7, 2012
    3,324
    Tallahassee, FL
    Hell, that's getting into 430/458 pricing.
     
  6. topcarbon

    topcarbon F1 Rookie

    Nov 3, 2006
    2,605
    The difference is the tr is going up in value, those other two are going down
    And the Tr still gives a thrill when driving
     
  7. furmano

    furmano Three Time F1 World Champ

    Jul 22, 2004
    32,215
    Colorado
    Full Name:
    Furman
    Well, not quite 458 pricing but the 328 GTB has been bumping into the F430 range for quite some time (a few years).

    But if anyone wants to trade their 458 for my 328 GTB, I'll seriously consider it. :)

    -F
     
  8. thorn

    thorn F1 Rookie

    Aug 7, 2012
    3,324
    Tallahassee, FL
    There are at least 8 F458s on eBay right now in the $160-180K range... the asking price btw, not the current bid offers. And while more recent models are dropping (while more vintage cars rise), it's still interesting to note that asking $180K for a 328 GTS-B means a buyer might consider both before writing a check.

    I personally don't have $180K to spend on a Ferrari - but if I did, I'd not be buying a 328. Someone is REALLY going to want that *particular* model, to spend that sort of money on it.
     
  9. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,085
    FRANCE
    As already said, on our side of the Atlantic, the 328, be it GTS or GTB (not that rare over here) has been ahead, or above, the 430 price-wise for quite sometime now (= eighteen months or so).

    Rgds
     
  10. R.Robot

    R.Robot Formula Junior

    Nov 7, 2010
    350
    La Quinta CA.
    1 of 39 ?
     
  11. bertrand328

    bertrand328 Formula 3

    Jun 1, 2015
    1,638
    France
    Full Name:
    Bertrand
    Not sure that the number of 39 either confirm 100%.

    Even if it's one that is generally accepted by "community"
     
  12. furmano

    furmano Three Time F1 World Champ

    Jul 22, 2004
    32,215
    Colorado
    Full Name:
    Furman
    #12 furmano, Mar 5, 2016
    Last edited: Mar 5, 2016
    ,
    Oh OK, I didn't know 458's had dipped down to that price range already. But as you alluded to, those prices are the opening bid price, which I assume will quickly rise up to the mid-high $200's, right? Isn't that the real market price for a 458?

    Cross comparing prices is part of the price analysis process. For the given price, what can you buy?

    And I agree, that at this point in time, putting a 328 GTB on the same level as a 458 seems a little rich. But I think the reality is, for the same money, you can truly buy an F430, not really a 458. Often, these 328's are being bought by owners who already have a 458 or an F430 so they are buying something that has a different feel that they can't get in the newer machinery. If I had the funds and the garage space I would love to have just that, a 328 and say a 458 or 488.

    But I've said for years now, when a Dino cost more than say a 458 or a Boxer or a Daytona (maybe not today, but that was the case for a time), that was screwy. But I was arguing against the tide of Mr. Market. That's a loosing proposition.

    Also there has been a shift in the planet's axis and 328 GTB's are now worth more (50%-100%) than GTS's. Crazy I know. But it happens. It's kind of like how manual F430's and 599's are worth more than F1's. We can go round and round as to the logic or illogic of that but the market has spoken.

    328 GTB's are hard to find. There is typically 1-3 on the market at any given time (I know of this one, a 1986 I think, owned by a FChatter in FL, and the Prugna one), maybe around 5-6 come up for sale in a year. The are absolutely gorgeous and they drive GREAT. I think people are catching on to those facts and a surge in popularity has occurred over the last 5 years or so.

    I think the correct market buy for a 328 GTB with around 20,000 miles is around the low-mid $100's but that value has ebbed and flowed by around 20%-30% over the last year. If this was was priced at $120,000, it would be GONE, sold within the first week.

    -F
     
  13. furmano

    furmano Three Time F1 World Champ

    Jul 22, 2004
    32,215
    Colorado
    Full Name:
    Furman
    Not sure what that refers to, do you see that on the add?

    This is a Model Year 1988.5, a late 1988 Model Year, after the convex wheels were introduced. There are 18 cars that fall in this range on the Registry. Only 18. :)

    -F
     
  14. thorn

    thorn F1 Rookie

    Aug 7, 2012
    3,324
    Tallahassee, FL
    All good thoughts, Furmano.

    Funny enough - $120K for that GTB was exactly the price I had in my head that "makes sense" ... but you're also right, at that price it would have been gone almost immediately.
     
  15. furmano

    furmano Three Time F1 World Champ

    Jul 22, 2004
    32,215
    Colorado
    Full Name:
    Furman
    #15 furmano, Mar 5, 2016
    Last edited by a moderator: Sep 7, 2017
    Michael Sheehan had a 328 GTB for sale a while back, over the summer, I think it was a 1986 model, maybe an '87. It was priced around $120,000. It literally sold in a matter of days. I believe it was underpriced. :)

    Edit: Below is a screen capture of the add.

    -F
    Image Unavailable, Please Login
    Image Unavailable, Please Login
     
  16. R.Robot

    R.Robot Formula Junior

    Nov 7, 2010
    350
    La Quinta CA.
    My 1 of 39 was a broad stroke. I did see the small number of 88.5's, but just went with the 39 number.

    I have met the owner at the 2012 Concorso Italiano and impressed me as a very knowledgeable person.

    A friend of mine who is also a 328 owner mused, would you trade for a 458? No, but we agreed both would be a perfect choice.

    We all have a great love for these cars and cars in general I should think. I passed on many and imagine the rest of you have as well, my wife says, "I don't want to know".

    I originally thought a GTA replica Alfa would be a great choice, figuring it would do it all.

    And I am sure it would, however after kicking it around and having been captured by a GTB I kept looking for what I would think would be the "one" type of car to own.

    Several years passed while I was looking over the choices, books, internet, auctions etc.

    What would be just a fantastic car??? A perfect fit???

    Many choices, many makes, but I just felt the car should be striking on a visual level, handle well, not too old but not too new either. The engineering, engine design/note and just "the
    feel" should be the driving decider.

    The GTB delivers (for me), on all counts.

    Beautiful cars in these categories would be - Porsche 904, Muria, BBi 512 (brutish), and you could list other similar manufactures. But the 328 is just a complete package.

    Mind you, I would love any of the mentioned cars, but the 328 was at the time affordable.

    So, this car that was limited in the U.S. (who wants a coupe), is now sought after.

    For a 328 GTB buyer they are precious. Can't imagine parting with it.
     
  17. HielToh

    HielToh Karting

    Oct 6, 2015
    70
    Redondo Beach, CA
    Full Name:
    Beau LeBlanc
    On a different note, does anyone know what is meant by the paint being treated to "90 hours of perfecting"?


    Beau
     
  18. godabitibi

    godabitibi F1 Veteran

    Jan 11, 2012
    6,329
    Papineauville, Quebec
    Full Name:
    Claude Laforest
    It probably mean it's been wet sand in many stages then polished again in different stages and finally sealed and waxed. Possibly some small scratches or chips filled and corrected etc.
     
  19. Meister

    Meister F1 Veteran
    Silver Subscribed

    Apr 27, 2001
    5,516
    Duluth, MN
    Full Name:
    The Meister
    Time taken to detail. 90 hours is a lot IMO, guess some work faster than others, but I guess it depends on the condition to start
     

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