Mike paid me $62k so at sale of $150k not including any interior (carpets mainly) he'd be slightly in front.
Would anyone really pay $150K for a GT4 with no books, no tools and a heavy shunt in its past, especially given the economic storm clouds gathering on the horizon? Don't get wrong, the car looks sensational but its a stories car now.
Luckily I didn't pay that,in fact I think it only just owed me that after fixing the cowboys' from Dimboola's foikups!
As noted,it was properly triangulated so it's underneath was correct....it drove sensationally,Ian drove it....after we told him to press the button!..ask him. ......and on Chinese tyres!
Prior to accident, we all know that the car was impeccably maintained. It was a Pless car after all. Provenance is everything in the Ferrari market and even if the repairs were expertly done, it still impacts it perception. No book and tools also diminishes its value (albeit, if you pay the previous owner a decent price, he might sell them to the new owner - if it hasn't already happened). So surely there is a substantial difference between the asking price and the actual sales price. The last I seem to recall, good GT4s were in the $120-130K bracket. What was the price on the ex Pless/Klink car? And that red UK vetroressina GTB with accident history was with Oldtimer for an age, even when the sale price was around $220K. Are GT4s that hot atm? Perhaps the seller accepted the first realistic price he got and took the fast cash rather than holding out for a better price in what appears to be a cooling market? Or it could come back on the market when the potential buyer does his due diligence? Whom knows?
That 308 vetro had panel damage only, the chassis was untouched. The crab on the other hand was shortened by half a metre and bent like a banana. "repaired" by heating the chassis tubes with an oxy torch and pulling/pushing with chains and hydraulic rams. Ferrari chassis' use thin wall oval tubes, which are prone to cracking at the best of times. The only correct way to repair that damage would have been to replace all the bent sections with new tubes, at great expense, which is why the car was written off.
It still needed bushes at that stage,something PP had bought but hadn't got around to fitting. It certainly drove a shipload better than a certain GTS I'd had experience with.
Most people experience cars relative to others, it isn't until you drive or ride in a really good one that you know how they're meant to be. 5 minute's in Carl's vetro or Horse's QV is enough to reset your viewpoint.
458 price’s softening if you can wear the mileage https://www.carsales.com.au/cars/details/2012-ferrari-458-italia-auto/OAG-AD-19868835
