Value of 330 GTS with needs? | FerrariChat

Value of 330 GTS with needs?

Discussion in 'Vintage (thru 365 GTC4)' started by kiesan, Nov 4, 2005.

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  1. kiesan

    kiesan Formula 3
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    Nov 21, 2003
    1,527
    Seattle
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    Kie Robertson
    #1 kiesan, Nov 4, 2005
    Last edited by a moderator: Sep 7, 2017
  2. Miltonian

    Miltonian F1 Veteran

    Dec 11, 2002
    5,966
    Milton, Wash.
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    Jeff B.
    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.
     
  3. sixcarbs

    sixcarbs F1 World Champ

    Dec 19, 2004
    10,483
    SF
    I am fairly certain that car was offered at $250,000 by Cosmopolian Motors in Seattle in the past 4-10 months.
     
  4. xs10shl

    xs10shl Formula 3

    Dec 17, 2003
    2,037
    San Francisco
    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.
     
  5. ArtS

    ArtS F1 World Champ
    Owner Silver Subscribed

    Nov 11, 2003
    13,435
    Central NJ
    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.
     
  6. tritone

    tritone F1 Veteran

    Dec 8, 2003
    7,203
    On the Rock
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    James
    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
     
  7. teterman2004

    teterman2004 Formula Junior

    Jan 15, 2005
    272
    Eielson, Alaska
    Full Name:
    BriBud
    $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. . .
     
  8. Glassman

    Glassman F1 World Champ
    Rossa Subscribed

    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?
     
  9. Miltonian

    Miltonian F1 Veteran

    Dec 11, 2002
    5,966
    Milton, Wash.
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    Jeff B.
    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?
     
  10. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,141
    Portland, Oregon
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    Don
    I'm glad I'm not the only one!

     
  11. Tony Fuisz

    Tony Fuisz Karting

    Nov 5, 2003
    182
    Bethesda, MD
    Full Name:
    Tony Fuisz
    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.
     
  12. dry4re

    dry4re Formula Junior

    Mar 29, 2005
    487
    AZ
    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
     
  13. Vintage V12

    Vintage V12 Formula 3

    Aug 11, 2004
    1,451
    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!
     
  14. xs10shl

    xs10shl Formula 3

    Dec 17, 2003
    2,037
    San Francisco
    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.
     
  15. teterman2004

    teterman2004 Formula Junior

    Jan 15, 2005
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    BriBud
    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?
     
  16. ralfabco

    ralfabco Two Time F1 World Champ
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    Mar 1, 2002
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    Itamar Ben-Gvir

    I hope the market reverses !!!!

    I hope the bubble bursts !!


    I want some hot toys for a goooooooood price.
     
  17. Motob

    Motob Formula 3
    Professional Ferrari Technician

    Nov 11, 2003
    2,370
    Frederick, Maryland
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    Brian Brown
    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.
     
  18. teterman2004

    teterman2004 Formula Junior

    Jan 15, 2005
    272
    Eielson, Alaska
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    BriBud
    Learn something new every thread, thanks for the info. Still prefer the 2+2 four-lamps, though :)
     
  19. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
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    Scott
    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.
     
  20. Vintage V12

    Vintage V12 Formula 3

    Aug 11, 2004
    1,451
    I noticed a 330 gts just sold at Autosport Designs. They also have a 275gts and a lusso for sale.
     
  21. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
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    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.
     
  22. Glassman

    Glassman F1 World Champ
    Rossa Subscribed

    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.
     
  23. ArtS

    ArtS F1 World Champ
    Owner Silver Subscribed

    Nov 11, 2003
    13,435
    Central NJ
    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. ;)
     
  24. dry4re

    dry4re Formula Junior

    Mar 29, 2005
    487
    AZ
    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!
     
  25. 412monzaindy

    412monzaindy Formula Junior

    Mar 8, 2005
    877
    Ontario Canada
    Full Name:
    PBI
    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.
     

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