Ferrari prices circa 1989/1990

Purchased by me recently for £4.5k if its the same one

if only I had a time machine..... "we could be millionaires by this time next year Rodney"

 

Interesting post, I bought a pile of Motorsport (green Cover) Magazines in a charity shop a few years back starting from 1969, in the first one there was a 7 litre Ac Cobra and an ex Le Mans Ford gt40 Both for £4000 Each (yes £4k Each!!), there was also a Maserati 250f for a mere £20,000

In 1988 dealers were selling Mondy Qv's for £24,995 but in the 1990 mags the same dealers are selling them for £49,995 obviously at the height of the boom!!

I find it really interesting how the car market changes so much, although I find it darn depressing what the Mondy's are making at the Mo :-(
I just hope that they start rising again just like the 246's did in the late 70's when you could buy them for £2000, and look at them now!! ;-)

 

4000 doesn't sound much, but my grandparents bought a house for 4000quid back in the early 70's.
I also think that when the Rolls Royce Camargue came out in ?76, it was the worlds most expensive car at around 29,000quid. How much was a new Daytona or Dino back in 1969?

 

A friend paid Mike Wheeler at Loxwood £ 50000 for his 308 in May 1990 - still has it and still loves it - worth every penny apparently !

 

The book I have suggests the 83/84 Mondial QV was about £26k brand new.

If that was the case, then £49k in 1990 is very odd indeed.

 

Cant remember when it was but I remember longing after a 308GTS "when I were a lad" and looking at a price guide they were £20,000 new!

 

It was the 'Greed is Good' Era, with the red braces and property boom, the prices all crashed again in 90/91, remember this was the time F40's were selling for up to £1.2M, Countach's and BB's well over £200K

 

I think at the time no-one thought the prices would drop, a friends dad has a Jenson Interceptor that he was offered £28k for during the late 80's boom which he turned down, he said he would be lucky if he got £8k for it now!

 

Thought you guys may find this scan of a recipt for a Mondial Qv dated 30.06.1989 interesting......
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Maybe I'll keep polishing mine and wait for the next money boom ;-)

 

Wouldn't surprise me, I can remember what some friends were buying/selling their cars for at the time and what they were worth a year or so later

 

We wish. Too many things have changed since then.

 

I don't know, I still think there will be another boom in the future

 

Very interesting stats there but one car jumped out at me more than the others. I know it was a much newer car then but the prices of Super Ferraris don't seen to change too greatly with age! That is an impressive price for a 288 in anyones books. What sort of money could you get one for nowadays? £175k, £200k?? I wonder if anyone bid on that £1million GTO!!

 

Hopefully the bottom will drop out of house prices very soon, I will buy a very nice house for very little money then watch the next boom come in! If only everything was so easy eh

 

I see one for sale the other day for £395k

 

I'd definitely have the F40 over the GTO but I am surprised that the GTO fetches (give or take a few K) the same as the F40 given the relative rarity of the GTO. I guess that is testiment to the iconic status of the F40 compared to the GTO. £395k is very optimistic for a GTO but having seen an Enzo advertised for a million quid not so long ago, anything is possible!!

 

Er sorry Typo, I meant £195k, it was at Bob Houghtons in the current June edition of C&sc

there was a 288Gto at Snetterton on wednesday, and I was surprised how quiet it was, I suppose its all down what exhaust you have, mind you it was damn quick

 

Sorry I meant £195k, it was at Bob Houghtons

I think I would prefer the F40 purely on looks, but I would also take the 288 on its rarity (money no object that is!!)

 

Out of interest there was a 288 Replica sold recently on Fleabay US for $89K, this was an exact copy built from a 308 by Norwood (American Ferrari tuners/turbo specialists), it even had the correct engine alignment.
I would prefer to have that with no heritage/provenance and £120K+ left in my pocket, just my two penneth ;-)

 

I saw that 288 at Bob Houghtons a couple of months back alongside 4 F40s in various incarnations. Amazing place that workshop