So, will testarossa’s EVER go up in value?

Logistics:

This

https://www.ebay.com/itm/276460085143?itmmeta=01HYXM187HDYZW2MDEGDWE7BFH&hash=item405e4e1f97:gIEAAOSwUD1mPjrC&itmprp=enc%3AAQAJAAAAwGLwHPQAG3VGrFI2pdJjOGXhzIyL74zsgGnAZEK6JFaXNugrxoOFXoplX87FS4CHLEiZk76EpMBMjLuARfcLPzao%2FK2t3q0pyvSvrfiQtOzdByc7FqRzQVt6PQLFlucdqLN7JEUuThLB32q%2BXsuJxeZWZBBuD0gKpEbGgW4zCbLeSOnXvPjZgTkVz9aW7l49Z2Zv5iHKGhVDV3dyXK5jbQrLYa792ZUj1SPP3jMJQYxPXnp%2FHAr1jfQftOC11x6yZA%3D%3D%7Ctkp%3ABk9SR_CDhbT3Yw

Plus Restoration:

Equals.............$375,000.00

 

Not sure what you would be restoring on this car, as opposed to replacing...
maybe the chassis number..

 

Doubt you can do a full restoration on a TR for $250k. Maybe in a low wage market but even there it will be a problem.
Currently a sub 1k miles TR is optimistically $400k. Sub 5k miles with exc. provenance $250-275k.

A normal TR that was trashed/sketchy history/fully restored for around $300k wouldn't be a good buy.

Some quick calculations with new parts:

new crated engine (obviously you'd lose the matching nr's) / a rebuild would be at least double this - $65000

new seats - $8k

new carpet - $5k

new dash with gauges - $10k

new steering wheel - $1.5k

new wheels, tires - $10k

paint - $30k


That's $130k. With a rebuild instead of new engine you're at about $200k, with no labor and many parts to go.

 

Can you explain the engine rebuild cost and how you reach those numbers?

 

I saw a not so recent invoice for a $75k rebuild at an F dealer.

There are guys with more experience and knowledge on here that can explain it in detail,
but I think ballpark $50-100k in the US depending where it's done and what you're starting out with.

Cheaper to buy a used or new engine, obviously not always desirable.

 

I doubt you can just order a new TR engine, and sounds like madness to even wanting to do so.

 

There's at least one NOS available. There was one on Bat a couple of years ago also, went for about $40k or so.

Newman mentioned that the crated ones he dealt with were in perfect condition.

There are some NOS BB engines and gearboxes available also.

 

Just look on eurospares site in the engine section. They have an NOS 81 Boxer engine, some M or 512TR engines as well. That said when I bought 3 512M crate engines they were a fraction of the cost they are asking now. It's almost like they dont want to sell engines.

 

(Back to the initial question)

There definetly are cars where restoration cost is a key price building factor. Especially if you can't really drive them without having them restored. Examples that come to my mind are early 911 ("Ur-911"), Dinos and most other cars where coach building was done by soldering formed metal sheets together.

However there is also another group of cars where the restoration is significantly lower or restorations are not (yet) necessary. Examples in this group are IMHO 930, F-40 and other icons. These cars stand out from their contemporaries because already back then they were more special than other special cars.

The question is: which group does the TR belong to? To me a lot of indicators point towards the icon group. This line of argument could also be used to explain the lacklustre price evolution the BB has seen recently. It just never was an icon. It's only worth it's restoration cost.

... and IMHO maintenance cost isn't crazy on a properly serviced TR. It's very simple technology ...

 

The TR is an icon and the BB isn't?

 

Coincidently

www.youtube.com/watch?v=0WGvrRulNyg

 

It was not that long ago when 308's were 35-38K, 355's were 45-55K, and I saw TR's for 60-80K.

I guess I don't look at cars as 'investments'.

 

At the moment, the entire market is being "re-priced" - cheap money is over.

Will be interesting to see how this unfolds, there may also longer and more general trends in play.

 

I have had 6 Testarossa's over the years, I just looked up the last one I bought off of eBay motors on Deecmber 6, 2013, a 1991 with 12k miles, red/tan, asking $59k, I made an offer for $47,500 thinking we'd settle on $55k, they accepted the $47,500, it was a perfect serviced no paintwork car. Turns out some old man bought it new and could not drive it anymore and had it consigned to the place I bought it from off of eBay Motors.

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He's talking about the same generational shift of ownership that I was trying to describe earlier in this thread.

 

Ok

https://www.instagram.com/reel/C6w4MwHAiVd/?igsh=MWoxNmhwdGJoY2p1YQ==

 

1000% they will go up in value. As will every single Ferrari model. They are so finite. And provide a very visceral driving experience. New cars and other car brands will never compare to this and will continue to drift farther away from it.

 

here again a 89 testarossa not sold for 130K US $

https://bringatrailer.com/listing/1989-ferrari-testarossa-41-2/?utm_source=dm&utm_medium=email&utm_campaign=2024-06-05

 

Prices are undoubtedly in a downward trend.

 

that one had some weird history on it though.

 

This was the same discussion (will they go up) when they were +/-$60k just over decade ago.

 

And the F40 $300K.

Look where all that appreciation got them

https://c8.alamy.com/comp/CW4KG2/homeless-man-on-street-begging-genoa-italy-CW4KG2.jpg


The TR would be a $500k car

 

Why is anyone even talking about TR values going up? I’ve been here for 20yrs, and people were criticizing the mention of a TR going up in value, you were considered an elitist and named called every name in the book.
So many high fives around when the car was affordable. Everyone got their wish, time to pass that same attitude to the new owners that want these cars for 80k … what’s changed that so many of you want the price to go up? The car is perfectly priced at 100k MAX US for a cherry low mileage full service and garage queen car … matter of fact 100kUS is still too much for that car … the car has been talked about for years as having a bad diff, tranny, too expensive to take out the engine etc … it needs to go back down to 60k in all fairness. Time to give others a chance to own them and enjoy them and tinker with them.