Oh So Close, A GTC Asking Price Almost Breaks 7 Figures | FerrariChat

Oh So Close, A GTC Asking Price Almost Breaks 7 Figures

Discussion in 'Vintage Ferrari Market' started by Texas Forever, Aug 25, 2022.

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  1. Texas Forever

    Texas Forever Seven Time F1 World Champ
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    Apr 28, 2003
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    Texas!
  2. tritone

    tritone F1 Veteran
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    James
  3. Texas Forever

    Texas Forever Seven Time F1 World Champ
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    Texas!
    One of these days, a GTC will cross the block for over a million dollars. I loved mine. I recently spent time behind the wheel of a Daytona. Fantastic car. But, if I had to choose, like Sophie’s choice, I dunno. I honestly don’t know.


    Sent from my iPhone using FerrariChat.com mobile app
     
  4. tritone

    tritone F1 Veteran
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    No contest. GTC all the way.
     
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  5. KenGoldman

    KenGoldman Formula Junior
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    If I recall correctly, A GTC Has already brought over $1 million. It was in an RM Sale at Pebble, I think around 2014.
    I recall it was blue & recently and a complete restoration.
    Perhaps Marcel or another F Chatter can provide the serial number

    Ken Goldman
     
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  6. readplays

    readplays Formula 3

    Aug 22, 2008
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    Dave Powers
    Blasphemer!
    Dale, you’ve been around long enough to know that we never propose such horrifying scenarios like you’ve outlined(!).the answer is always one of each. :D
     
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  7. Simon

    Simon Moderator
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    Aug 29, 2003
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    1969 FERRARI 365 GTC #12105

    Asking price is $949,500, for future reference when the link no longer works.
     
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  8. Texas Forever

    Texas Forever Seven Time F1 World Champ
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    My 330 had factory air. It did a great job of cooling my right knee.
     
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  9. George H.

    George H. Karting
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    Mar 6, 2004
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    Two 330 GTC's sold for over $1m (including premium) at Monterey in 2014:

    10007 $1,017,500 Bonhams #274

    10267 $1,023,000 RM #234
     
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  10. fasthound

    fasthound Formula Junior
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    Remember this is a 365, not a 330. 600 330’s were made. 100 365’s were made. They are ALWAYS more expensive than a 330 GTC.

    A 330 GTC went for $830k in Pebble Beach last week. But one sold for less than $550k in the last month as well. As we all know, it depends on the history, documentation, condition, the color, the shops who have worked on the car, and ultimately, what a buyer is willing to pay.
     
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  11. V12addict

    V12addict Formula Junior

    Jan 2, 2004
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    Over 600k in restoration costs????!!!!! What ever happened to " pay for the restoration get the car for free " as Michael Sheehan used to say. Colleen ????? :D
     
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  12. miurasv

    miurasv F1 World Champ

    Nov 19, 2008
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    Around 150.
     
  13. TTR

    TTR F1 Veteran
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    Well, there’s “Asking” and there’s “Getting”.

    While I’ve sold hundreds of vintage cars for full “Asking” price (usually to quite captive audiences), my middle school dropout education and life experiences have made me believe “Asking” & “Getting” aren’t necessarily equal and often not even close (I’ve also bought numerous vintage cars for far less than 50% of “Asking” price).

    OTOH, I’ve also always believed unquestionably relying on, let alone quoting, all auction (house reported) results is something intelligent people try to avoid.
     
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  14. fasthound

    fasthound Formula Junior
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    Decades ago, that was the case perhaps (ignoring your comment/opinion about other peoples intelligence). But in the modern world where most of the big auctions are live-streamed, it makes exaggerated results reporting significantly less likely.

    Perhaps I'm just not intelligent enough to know any better ;)
     
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  15. Edward 96GTS

    Edward 96GTS F1 Veteran
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    can anybody comment on the undercarriage detail since this is a $600k restoration?
     
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  16. BJK

    BJK F1 Rookie

    Jul 18, 2014
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    CT
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  17. TTR

    TTR F1 Veteran
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    Well, with all due respect, but how does one know and/or verify that each and every lot has a “real” bid or buyer at the moment the gavel hits, especially when watching it off-site, “live-streamed” and not being consignor or the final bidder ?

    I assume you don’t believe some bids, final or others before it, could come from the “chandelier” or some other unspecified (non-paying) entity in the “back of the room” or on the phone ?

    Or that some (esp. highly publicized) lots having already been pre-agreed sold, but it’s the house’s best interest to go through the motions, just for the publicity’s sake ?

    Etc…

    OTOH, I often wonder if my life would be easier, more fulfilling and simpler, if I didn’t question so many things in it.
     
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  18. TTR

    TTR F1 Veteran
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    Wow !
    I definitely need to reconsider my shop rates and charges.
     
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  19. V12addict

    V12addict Formula Junior

    Jan 2, 2004
    293
    Car has been sold according to Ferraris-online IG account. Price not disclosed but my guess is pretty close to advertised price if it sold so quickly. Happy motoring. AAAANNNND Timo shop rates for all experienced restorers will go up since you are now working on a million dollar Ferrari.
     
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  20. audi_328

    audi_328 Formula 3
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  21. Birel

    Birel Formula 3

    Sep 12, 2005
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    Andrew Turner
    #10267 became a $748,000 car less than 3 years later.
     
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