Clock shows 68k. Pretty spotty condition and the engine has some sort of internal coolant leak. Needs everything to be nice and quite a bit to be a decent driver. Where does one start as far as an as-is value? Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
From the condition of the car as shown in the photos, I would assume that it is riddled with rust. Not just surface rust, but big gaping holes. Definitely not a car to purchase without a really thorough inspection. Lovely beast, but could cost ten fortunes to restore.
I am fairly certain that car was offered at $250,000 by Cosmopolian Motors in Seattle in the past 4-10 months.
I think I must have called Cosmo about buying that car 5 times over the last 2 years. Others I know have also called to inquire about it, with no response. I'd say you should be able to buy one in similar conditon for $300K.
All I know is that the matching green coupe was recently discussed in another thread. It would be neat to have the pair! Art S.
IMHO; as it has been at Cosmo for 10 years that I know of, and always priced comparable to a 'real' good, running car. Still too aggressively priced, even in todays market. (and if MS can't break it loose, I doubt anyone can, for less than 'stupid' money). And no, when I looked at it 8 years ago, it was not rusty.......and since then I don't think it has moved 25 feet. Beautiful interior color; paint color lacks; would be curious about as-delivered color.....could you determine? james
$300K, for real? I didn't know the 330 GTS brought that much money, especially for one needing work. I would have guessed roughly $225K for a mint example, given that good Daytona coupes are going for $175K, etc. . .
Now I haven't got the best eyes, and I do wear glasses, but I don't understand where you are seeing this indication of heavy rust. I think it looks pretty ok. Can you enlighten me please?
1) It's nearly 40 years old 2) It's Italian 3) It's a convertible 4) It hasn't been lovingly kept How many nice rust-free Fiat 850 Spiders have you seen around lately? The fact that it's a Ferrari makes no difference, it will rust to pieces just from exposure to the moisture in the atmosphere. Hey, if it's not rusty, GREAT! But I would spend more time checking the unseen part of that car than the visible part. Everything on the bottom quarter of the body panels could be bondo, and the sills and floorpans could be swiss cheese. And it could still look like a showcar, but I wouldn't touch it at any price. Hey, did I finally learn a lesson from all those rusty old Lancias I used to own?
To me this is the ideal "less than perfect" car to get-a known problem that has caused it to sit in a showroom for a long time. Figure out the cost of repair and general sprucing up (I would guess new brakes etc) and then maybe a new clutch, synchro or two once its running. I am more suspicious of perfect cars that someone wants to sell all of a sudden. Deduct the above from the cost of a nice one and add back in some money for the seller and see what happens.
I sold one of the top 330 GTS (a 99point car with platinum history) in jan '04 for 265k and think it would probably be worth 350-375 in today's market. the green car probably needs at least 100k to make it right...if you don't think we're in a bubble, work the numbers and the car is at best worth low 200's. If the market reverses 110 is all the money in the world for that car. imho
This car has been for sale for a long time. Assume the worst mechanically. Assume it needs complete engine, trans,brakes,and suspension,plus all the little stuff like radiator rebuild,gas tanks cleaned,hoses,electrical....It could easily cost 100k to get the car to be a real nice driver(mechanically).Paint and an interior are the least of the problems....Ask yourself, do you really love that model,is it going to be one of the models that will keep its value 10 years from now and you will still love 10 years from now. It is rare (100 made).Not my favorite but to each is own.Take your time!
Ok, maybe that's a little high - lets say $275K instead. I'm assuming the car needs no body work, which I think is the case, based on what I've seen and heard about it. Looks like all the pieces are there, minus the trunk lock. Interior appears in good condtition. Mechanicals probably need attention. If the question is "what'll it take to purchase a car in this as-is condition?", I'd still say budget $275K for retail. If the question is "what's it worth?" - I guess I'll agree with the group - probably less. If anyone wants to sell me their 330 GTS, please PM me.
There always seems to be a difference between the two, isn't there?! I'm sure Horsefly has an opinion on that one. . . I'd personally put all 275 GTBs and Daytonas above this model in value, but I guess I'm not all that familiar with these 330's. Where did they slot into the lineup in '67?
I hope the market reverses !!!! I hope the bubble bursts !! I want some hot toys for a goooooooood price.
Ferrari only made 100 330GTS, so they are more rare than a Daytona or 275GTB. The last three 330gts's that came into our shop sold in the $330-350K price range and were what I would call good condition, far from a 99 point platinum car. Brian Brown Patrick Ottis co.
This green one is in the damp area of the nation, Seattle, and could produce some serious rusting of the bodywork even if just sitting around as the typical style was for Italian automotive factories to NOT coat the interior body panels - that is THEY LEFT THE FACTORY WITH BARE METAL EXPOSED TO AIR. This can be an unknown in judging any price. Just looking at the mechanical parts; suspension, brakes, Engine and transmission work/parts alone make the $100K+ argument a serious possibility (see Sheehan's recent article). The advice on assuming the worst may be reality.
Legendary allegedly "sold" this same 330 GTS for $300,000.00 at the 2005 Monterey auction, with the serial number advertized as #8167, but shortly afterwards showed up on their website for sale again. The sn then "changed" to 9481 and was again for sale. Water in the oil and oil in the water can be very serious problems as it can "take it all" out with it.
Blast me if you think I am out of line, but I really don't think anybody including Tom S will find a 330 GTS in any condition for 100k. And I don't feel that any bubble bursting will bring the value of these cars to that level. On another note, has anyone actually ever bought anything from Cosmo Motors? My experiences there have been less than satisfyling.
Glassman, Are you questioning Tom's abilities?! Tom, You you should find 3 330GTSs for under a $100K each then scrap 3 2+2s to let people know you're still king! Art S.
i think the green car was for sale at 185 two years ago...it may be worth more than low 100's, but you are going to get yourself upside down very quickly if you want to make it into a "nice, not concours" car. having owned a 330 GTS and a Daytona the Daytona is a lot more fun and a better car, just don't try to parallel park it, and yes, there are 12 times as many as there are 330GTS!
that 330GST came off a trailer the car came from NJ I believe, It was originally a barn find. I was there when they unloaded it and if it wasn't a barn find it was pretty close. I also had the opportunity to have a look at it while it was being taken apart. almost scarey. This was an open check book restoration.