Official 308 GTB/GTS Market Thread

Have you considered taking the car to a well respected automobile painter or auto detailing shop to see if they can wet sand and polish the Polyglycoat off?

Wet sanding and polishing to remove the "orange peel" from the top layer of clear coat is a common practice for high end restorations and that same approach might work to remove the Polyglycoat

$0.02.

Keith

 

19055 yes, I work for a dealer, we bought it some time ago and recently we decided to offer it for sale.

4redno we obviously did consider a respray but it's not just any other bad paint. Thing it that the top layer of clear coat os nice and flush, it's only the paint underneath that crackled. It's a very strange thing, I've never seen anything like it before. I just wanted to see if any of the guys over the pond had any experience of that treatment.

We could have obviously had the car resprayed but then it would be just another 308 with perfect paint, at the moment we don't mind preserving it as it is. I hope to find a buyer for it as it stands, there's always time to have it painted and add that money on top of the asking price.

Thanks for your your help guys. Always the best website for all things Ferrari.

 

The issue with the paint has nothing to do with polyglycoat. The cracks are lacquer checking that was common on cars painted with Glidden-Salci lacquer paint (pre 1983). Many cars were re painted under warranty. Most have been repainted by now.

 

Thanks Michael, I was sure someone could have cleared that up.

I think we'll keep it as it is for the time being, it really looks great as it is. Someone actually asked us if it was done un purpose, which I found hilarious.

 

It's a case that the car WAS resprayed.......the OEM paint system does not take well to a later paint product without being totaly sealed, or, sanded off.

So the later clear coat has reacted with the original laquer.
It creates a sort of "ming vase' texture....I know it well.

Leave alone for the buyer to sort, or paint the whole car, glass out.
Good luck should you start down that road.
You will need a new windshield.....LOL!

 

I'm not an expert just an interested amateur but I think the UK market is similar to what you describe below. Steel cars seem to have hit a ceiling price and quite a few cars trying to push that ceiling have been for sale for a while. Some dealers are trying to break the
£100,000 level but I think that's proving difficult at the moment. Really nice carb and QV's are probably around £ 80,000 +. There's quite a few cars for sale which doesn't help prices either.

 

This is very much correct. To expand, lacquer paint is very hard and expands at a differential rate than the steel below. As such over the years as the paint gets more brittle the movement of the metal below during changes in temperature literally pull the paint apart and make it looked like cracked ceramic. Later cars that used Glasurit paint did not have this issue as the paint was much more flexible and could take up these expansion and contraction movements in the body panels.

 

Interesting...

Professional Auto Exchange, Inc - Bensalem, PA - Reviews & Deals - CarGurus

 

I know of at least two confirmed private sales of 308 RHD carb cars at way over £100k .... i think the days of the £80k early steel carb 308 (in the UK at least), are long gone! The few i have seen at this price level at dealers seem to be lower grade examples that require some considerable work .... and as we know parts to replace no original elements of these cars are going through the roof!
BR,
Jez

 

Interesting info. Way over £100k meaning 110 120 130 or ?

 

Pricing the early 308
I am interested in a 75/76/76 early 308 very good car. Euro spec not red.
Ideally in the USA but willing to import.

 

Good luck with that.

 

What is you budget?

 

Many carbed 308's in the US have had the Euro bumpers fitted (or pushed in to look better), cats removed, and even cams/jets changed. You can also fit the dry sump if needed for racing. If that's not an option look on mobile.de and autoscout24.com (there are a couple of early fibreglass cars for €200k)

 

I am still looking at all my options.
Recently sold my Fiat Dino 2.4 spider.
https://www.flickr.com/photos/99447811@N04/albums/72157662551105406

Currently driving a 59 Speedster D
Looking for either a 50-60 Italian car or a 70's mid engine.

 

I had to get my US 1983 308GTB qv appraised for the insurance company.
95K miles, new interior, nice exterior, fairly recent engine service -
$89K

WooHoo! somebody want to offer that?

 

Looking at the #1 level. In my experience, Hagerty is on the low side of market.
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This chart doesn't make sense to me. I would think that the theoretical value difference between a #1 car and a #X car below it should be in the neighborhood of the cost to bring the lower car up to #1 condition. Is there really $84k in cost to bring a #4 car up to #1 condition? If not, then which condition car is mispriced?

 

84K is even a bargain. According to the same valuation tool the difference between an "excellent" and "concours" Vetro is a whopping 43K. Quite an amount for a thorough detailing job now, isn't it ?

Talking about bargains: "way back" in 2007 the difference between a # 4 Vetro and a #1 Vetro was some 15K . Well , I guess labour rates were quite a lot less back then..

 

Did Hagerty revise their definition of Level #1?

I had thought a major differentiator between #1 and #2 was that a #1 car had to be extremely low miles. Said another way, a car with mileage could never achieve #1 no matter how well it was restored. I am almost certain I read this in the definitions last year.

EDIT:
I will correct myself. I found descriptions of the Levels I had archived from 2014. The description of Levels is unchanged.

What I was thinking of is the description of Level #2 which says, Level #2 cars "... can be former #1 cars that have been driven or have aged." The description doesn't directly address mileage.

 

The top cars are usually low mileage and/or very original . No amount of money can get that back

 

It is interesting that Hagerty does not mention mileage in its definitions of the different levels. Obviously, mileage is very important, unless the car is so rare that mileage is less of a concern (which doesn't apply to 308s).

 

Iceblue are you looking for a ready to drive car? If not contact me. I have a 77 early non cat steel car. Originally silver on bordeaux. Not a big project but presently not running. I'm presently seriously thinking about selling but not sure yet, depends on value.

I have a NEW passion and my older cars may go.

 

Yeah, I had it stuck in my head that only unused museum cars could be level 1. It sounds like even high mileage cars can get there.

I wonder how concours points, per Ferrari Club (IAC/PFA) judging guidelines, correspond to Hagerty Level 1 and Level 2? If I had to guess, I would say Level 1 is 99 or 100 points and level 2 is 97 or 98 points. Only Hagerty could say for sure though.

 

1983 308 GTB QV, 31k miles sold at Bohnams Greenwich for $74250 all in.

Bonhams : The first GTB Quattrovalvole produced1983 FERRARI 308 GTB QUATTROVALVOLEVIN. ZFFMA12A6D0041797Engine no. 00068

Pretty close to Hagerty condition 3 price.