The latest issue of Forza Magazine #151 August 2016 has a market price update by Michael Sheehan. He is showing a Current Value for the 308 GTB 1977 80 $60,000 to $70,000 and the 308GTS same years $50,000 to $60,000 Any thoughts?
He's an idiot, talked a friend of mine into selling his F40 because in his opinion it had topped out, now its forth twice as much.
Where did they get the info of only 56 US marketed 308GTB QV's? Anymore info would be appreciated, mine is June 1983 - Thanks Sent from my SM-G930P using Tapatalk
Got my copy yesterday. Interesting that he is saying 308 prices have "only" doubled over the last 3 years. Here on FChat a lot of people are suggesting prices have tripled. He is in the sales business so has a better perspective on actual prices than most of us. Probably the reality. Anyway, I now like following prices since I can fool myself into beleiving I am some sort of investment genius. I saw a museum-grade 328 for sale for $70,000 back in early 2013 when I was shopping. The really great cars were much more expensive even back then. Even at current prices my opinion still is that 308s are still grossly underpriced. I was talking with a couple of guys last night who had beautiful 1967 Corvette convertibles. They were saying they were $70,000 cars. In 1967 alone, Chevrolet made over 14,000 convertible Corvettes. Thats more than the entire 10 year production run of 308s. None of us can predict the future. All we can offer are our opinions, professional or amateur.
If he's trying to buy cars to flip, is he going to tell the marketplace they are 40% more cost? I think Hagerty is closer to the mark, and probably 20% low.
I had a good look at this one today at an auction just outside London. Historics at Brooklands - Specialist Classic and Sports Car Auctioneers - Ref 113 1981 Ferrari 308 GTS The history was pretty good - completely documented back to 1981, every invoice; first owner to '99, 2 since. It was straight and was probably one of the best I have seen. Very straight car, and in a great, original colour. Cars like this were being bought up by the trade at c.£100k 18 months ago - that probably says more about the peculiar UK market than anything else. Recently offered for sale by the trade at £110k (c.$155k), high bid to £80k (c.$115k) - 2 bidders. Was sold for £30k by Talacrest in '99 - the attached in the history file made sobering reading - the Talacrest price list, with this car on p2 at £30k, a PF coupe at £50k; 365 GT 2+2 £32k; Daytona £75k; 250 Boano £125k and an F40 at £140k. You could argue that proportionally there is some way to go for 308 prices, but there are probably all sorts of holes to that logic - status in 1999 for a relatively new car; production numbers; market dynamic. Still, a reference points of sorts. Image Unavailable, Please Login Image Unavailable, Please Login
Haha, the Warren Buffett in the Ferrari world. The most valuable cars are those, he has in stock. The lowest value are those he is looking for. This is, what I was watching since decades. But this business scheme still seems to work pretty well. Best Martin
Just by the nature of their business model and posting schedule, Hagerty is a lagging price indicator.
I agree. $41,100 is $5,600 below a #4 Hagerty car and the successful bid was placed 2 days before the auction ended without challenge. The car looked good to me in the photos, but the pics seemed to be underexposed, which is bad on a black car. Also, there were no engine photos. One interesting aspect of the Hagerty price data for this year car was that #2 and #1 cars were up 24% and 30%, respectively in 2016 alone while #3 and #4 cars were down 4% and 13%, respectively. Aside from the mileage, if the car is sound as claimed, someone got a terrific deal, but I remain skeptical, too.
I tried to raise the agreed value of my car in December. Hagerty would not raise it past $120K (tried several times) saying that they look at the market and my vehicle as compared to what is on the market. I just asked to raise it to $150K this month. They raised it, no questions asked.
I saw that too. I think he may be better at predicting the Ferrari values of Enzo era Ferraris. I am interested in seeing if the next 308 he posts for sale falls within his "values" and what condition it is in.
He just posted a 79 308GTS for $79,500 OBO. It has 60,600 miles. I didn't get a chance to look at its overall condition.
Ha ha, just saw that too. What timing. It looks to be in good condition, but pictures tend to look better than in person. His value, in FORZA, for this year GTS is 50-60K. Must be for 100K mile fix'er uppers.
To me, the engine and suspension upgrades border on almost being a resto-mod. Possibly nice to drive but certainly not a candidate for Classiche status. A very particular car for a very discerning driver. Hope it finds a good home.
Is the market getting over run and watered down with too many 308's for sale? There are currently 22 on Ebay alone. You would think it would drive the prices down, but they still appear to be climbing.
140 308s on mobile.de. It used to be around 40 of them when they were selling at half of the price of today. Not that many of them seem to be nice untouched cars though, but they are priced as if they would be... Skickat från min D5803 via Tapatalk
Sale N° 2929 - Le Mans Classic 2016*by Artcurial Motorcars | Artcurial Some interesting 308s on the list... Any of these known to our French posters (Nerofer?)... Would be interested in the red GTS, but all sales prices to add 25% + VAT, or 20% + VAT depending on sale, so not to be forgotten when bidding. Cheers, Frank
Twenty-two?!? Wow. Amazing. Back when they were "cheap", there would only be a handful for sale at most. There is probably now a lot of speculative sales, "If someone pays me $XX, I am selling." I wonder how many speculators entered the market over these last couple of years. We shall see.
In comparison to the 911's that are for sale in the same auction, the 308 prices seem to be moderate... There are a lot of 3x8's for sale, but that is to be expected. We will see where this is heading. We can all take a close look at the 911 market. I think that if there is a bubble, the 911 market will tell us in time...
Fantasy Junction has an 85 GTS with 44,000 miles listed for $84,500. Seats were retrimmed, carpet has some wear, and there is some sort of black material (maybe rubber) protruding from the black belt line, possibly to protect from door dings. 1985 Ferrari 308 GTS Quattrovalvole
