Please explain to me a $111,000 355

The problem with Hagerty or any other guide is it really isn't anything other than an approximation. When you actually sell your car there are so many factors that could affect the sales price in a private sale or an auction you don't actually know what you can get for your car until it isn't yours anymore. A good example is an auction where the bidders fill up on the early items and split. This leaves the remaining lots for sale short bidders and the prices reflect it.

One of my British bike buddies tracks the sales data of every Vincent Black Shadow or Rapide that sells on the planet earth for decades. When I sold my Black Shadow a few years ago I asked him what he thought the bike would sell for. His answer was, "whatever someone pays you." Old bikers rock.

 

I must have missed where someone suggested anything remotely to the contrary.

 

2012 was the year of cheap Ferrari’s! I say it will take less than two decades...


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https://www.barrett-jackson.com/Events/Event/Details/1999-FERRARI-F355-F1-SPIDER--230923

another deal was had.

sjd

 

That was a deal


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woooooowwwwww.
$52,800.00

 

if you want to buy a ferrari, Barrett is the place!

sjd

 

well, plus buyer fee, plus major due for a 27k miler...about average Id say

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Excellent thread on appreciation. Numerous estimates from 3 years ago about values in 2022.


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Can someone please finish that time machine!!!


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And on the other side of the spectrum:

https://bringatrailer.com/listing/1996-ferrari-f355-gts-3/

 

What did it sell for? The site just says sold.

 

300k !!

 

There’s no limit to “up.”

 

Nice what a price 300k
That will really make you think about where your cars are value at

Question is —— do you sale or keep
I know what I payed for my car and even if I don’t get 300k but somewhere in the 200’s k area I will be making a profit on the car that I have owned for 10 years —- not counting maintenance cost—-

For me to sale it and buying another car just to possibly taking on Someone else’s headache —- no not now —— I know what I have now — a well sorted car with little troubles that starts every time and drivers the way I like it (probably just jinxed myself lol ) and if so will be an excuse to do the modifications I’ve always wanted lol

What would you do sale or keep—- if you let it go —- replace the car with ????



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nothing - keep the 355. if anything id be selling any 2017+ cars and recirculating the money into 80s and 90s stuff

 

52,800 per classic.com in 2019.

sjd

 

That’s the problem. Much like a home, true profit is the difference between what you sold your home for and the price of your replacement home. That’s assuming you got an “equivalent” replacement.


If you can’t find an equivalent replacement for less, you have to question if you really profited. Unless of course you completely check out of cars and just keep the money. You can always buy a higher mileage/lesser conditioned 355 for less and restore to your liking