I don’t disagree with your last paragraph in theory, but the fact is plenty of people who had ticked all the boxes would have missed out on an early Pista. Your example is unrealistic. If said owner was stuck with a 488 he/she was struggling to get rid of surely they’d just price it really aggressively. Like $250k, for example. They’d still be miles ahead by keeping the Pista. No, they are almost certainly the very definition of a flipper, and as such it pisses me off.
$230k ask for a 360 spider manual (aus del): https://www.carsales.com.au/cars/details/_/OAG-AD-17429468
Given the condition to the right buyer why not Beautiful car Sent from my iPhone using FerrariChat.com mobile app
Question: What is a realistic price to pay for a steel body Austalian delivered red 308 GTB ? Sent from my iPhone using FerrariChat.com mobile app
It's a "how long is a piece of string question" Adrian. Steel 308's aren't an economic restoration proposition and many cars have faults ranging from annoying to serious, including going backwards into trees at track days in period, long since flushed down the memory hole. There's a silver car out there that spun along the railway sleeper walls at Catalina and ended up with every corner and panel torn off it. Caveat Emptor. When they actually were $50K cars, they were routinely given the resale red treatment, cheap retrims, aftermarket wheels, etc. You've got a couple of those on carsales at the moment, asking restored-car money and they haven't found buyers. Probably low 100's should be the asking.