296 Values and Used Market

Exactly - 400 ish will take it...maybe 409 at most.

 

On the Hagarty web site is shows below at a previous auction a month ago (no way it went to 490K!):
$490,000
High bid June 6, 2025

 

I’ll take the over with buyer fees. $450 +/- all in is my guess.

 

You never know, its a cool spec and someone may really want it.

 

MY2025 at 100K (possibly more) off
Ouch
Did someone walk away from a deposit, stranding a dealer with an untitled financial albatross?

 

I wouldn’t worry that much honestly.

 

The F8 has 812 tail lights , vents and other bits and pieces with a pista engine , to me it is a bag of parts

 

my guess is it goes for 370-380

 

I'm thinking about adding a 296 to my roma, do you find any overlap? I'm worried they are too similar and I don't have enough use cases for both

 

its funny I'm pondering trading in a GT3T for a 296 given the opposite movements in appreciation/depreciation, the two are now pretty damn close. anyone else do this?

Also, for road trips, do you just keep the 296 in qualifying mode to keep the battery charged? That seemed to be Catchpoles main issue which was battery management more than the haptics.

 

In hybrid mode you can select the "vehicle" option in the main menu. Toggle down one and then click on "charge." I find the charging to be incredibly fast… Faster than qualifying mode.

 

What is a typical deposit?

 

10k - just got bumped to 30k

 

so choosing between a 30K loss of deposit versus 100K loss in value upon delivery, the person chose to walk? Is that how an untitled MY25 296 ends up at auction?

 

Well, yeah - especially if it’s only 10k. The 30k just hit recently

Plus the rates kinda suck at the moment meaning that Ferrari Financial is asking for bigger down payments.

 

i am making an offer tomorrow. keep you guys posted

 

is there a reserve on it?

 

Probably.

 

Didn’t meet reserve. Anyone see what it got to?

 

Not showing yet, maybe in a bit. The buy now price is $550k.

 

Wishful.

 

Do any of you guys worry how the first 300 miles were driven? This car has those miles and who knows if the break in guidelines were followed specially if the owner never intended to keep the car.

 

I wouldn't worry about it. If the owner didn't intend to keep it why take a chance to potentially cause an issue and tank the value?

 

This 2025 Ferrari 296 GTS, finished in the stunning Blu Carolina with a contrasting Tetto Nero DS roof, just wrapped up an auction at Sotheby’s. About an hour before the auction closed, bidding was approaching $400,000—at which point I lost interest. Ultimately, the car didn’t sell.

This particular build includes an impressive $143,453 in options, bringing the total MSRP to $516,588. That means the highest bid represented roughly an 18% discount from MSRP. Interestingly, the listing now shows an asking price of $550,000—an unrealistic expectation given the market response. Sooner or later, the seller will have to align with market realities.

The market for the 296 GTB/GTS is sending Ferrari two clear messages:

1. The pricing is too high. The market is adjusting the value of these models to more realistic levels.
2. PHEV hesitation. Buyers are not fully embracing Ferrari’s plug-in hybrid offerings—at least not with the current limitations and concerns surrounding them.

There is definitely a market for the 296, but not at MSRP or the inflated resale prices dealers are asking. According to Classic.com, the average market price for the 296 GTS is $352,643, with a range between $322,442 and $399,000.

While asking prices for the GTS often exceed MSRP, actual sales have occurred at discounts ranging from 7.8% to 21.9%. For the 296 GTB, a sample of 15 auction sales during the last year shows an average discount of 16.2% below MSRP. Several YouTube videos also delve into the pricing dynamics of this model.

That said, the 296 is the best Ferrari I’ve driven on track. Its design is striking, it sounds like a V12, the handling is razor-sharp, and the power is more than ample. I’ve pushed it to the limit, and its response has been nothing short of phenomenal. It’s a true supercar that feels just as comfortable on the road as it does on the circuit.

 

What are the break-in guidelines? It’s not a Porsche requiring 2,000 miles of break-in. Not a Corvette limiting performance the first 500. Or a BMW only uncorked by the dealer service after 1,500 miles.

McLarens go straight to the track. My F8 was immediately tracked by the factory driver to make sure everything worked.