1988 328GTS on Ebay $47,600 and counting

Well, thats a pretty nice 328. I'm not sure about the seats; they should look a little more worn after that many miles. But, cars always look better in pictures anyway. As for the spring appreciation; 328s are becomming classic, and will eventually be like the 246s.

 

Must be amazing timing or something does not add up. Do a search of recently completed auctions on ebay. 8 328's. 6 range from $30k~$35k. 1 with 27k miles at $40k and an exceptional example with 3k miles at $52k. This car appears way overpriced. Just MHO.

 

Looks like I just gave mine away. Sold it last week, don't even ask how much. Oh well, my new TR purchase is hopefully shipping next week. That's what being fat, dumb and happy gets you. Easy come, easy go.

 

In a private auction it is very easy for shill bidding to take place. The numbers you are seeing here might be completely bogus.

 

That's a nice car (seemingly) but it's a fake auction IMHO. That guy is NUTS not to sell it for $47k plus, yet he wants more. Normally the bidding would stall at high 30's or MAYBE low 40's on eBay, if that. Yet here we are at $47k and still has a reserve???? No way.

This is totally bogus.

Ken

 

I feel much better now!

 

I agree that the car looks pretty good.

There is one strange non-original thing though. There's that bizarre set of four knobs on the console inbetween the heater/vent controls. Then there's two orange lights on the faccia metal dash panel near speedo and tach, possibly related.

And, for what it's worth, the price isn't that far out of line. I keep close tabs on 328 prices. Median car is a 30k mile 1987. Dealers will ask 50k for a red/tan clean, serviced, 30k mile 328, and will get 47.5k-50k for it. Private sellers, deduct say 5k for it, and deduct 5k if it hadn't been serviced. 43k to 45k for a private sale, clean red/tan 30k mile 328 w/ major service and records, and the car will be snapped up.

Now, his buy it now price is high. But that's the thing with these cars. A shiney nice new 328, well marketed, and hassle free? There *are* people who will be outliers and buy outside of what most of the rest of the market will bear. IMO, economically, that is why there is a larger discrepancy in asking prices and average selling prices for these cars. Occasionally though, cars like these will sell for above market. It probably is smart money-wise for ever seller to start high for a few weeks just to see what happens. In fact, a high buy-it-now is somewhat analagous to that. I.e. "I'm willing to wait and see what the market will bear via an auction; but if you're not willing to wait, and you gotta have this thing, then this [buy-it-now price] is the price of that luxury."

Two more knits with this car. One, the engine is dirty. When I bought my 328, the engine bay was immaculate (and still is). Two, the seats look to be in REALLY good condition for the mileage, which is not a bad thing (perhaps they have been restored), but it is something to take note of. As mentioned above pictures like this can deceive.

--Mike

 

As a 328 owner I am happy to see that the prices are escallating on 328's. The car is IMHO the best vehicle ever produced by Ferrari. If anyone has recently gone to an auction or watched Barrett-Jackson and noted the prices for Camaros and Mustangs going in the high 80's to 100's then certainly a 328 is worth more than 30K. You guys are *****ing because you either can't afford the car or your dreams are just floating away, so get real.

 

I bought my red/tan '88 328GTS about 6 months ago with 32K miles. A very clean, fully serviced (new cam belts et al..) driver. It is not a concourse car. Including broker fee and transportation, total bill was $48K. With nothing needed to be done but drive and enjoy, this price was very appealing.

 

"And, for what it's worth, the price isn't that far out of line. I keep close tabs on 328 prices. Median car is a 30k mile 1987. Dealers will ask 50k for a red/tan clean, serviced, 30k mile 328, and will get 47.5k-50k for it. Private sellers, deduct say 5k for it, and deduct 5k if it hadn't been serviced. 43k to 45k for a private sale, clean red/tan 30k mile 328 w/ major service and records, and the car will be snapped up." -Mike328

...My observations too. If anyone knows where a guy can find a nice, fully-serviced, sorted, red-tan, low-milage 328 in the 30's, I'm a player. I've been following the market in hopes of finding my first f-car, and these things get gone NOW in the low 40's. The same car below 10k miles, and it seems you can almost write your own check, seeing them in the high 60's, and 2 I've seen in the 70's. This is the highest priced one I've seen - 85.5k.

http://www.ferrariads.com/cgi-bin/classifieds/classifieds.cgi?search_and_display_db_button=on&db_id=2986&query=retrieval

 

I think it's great seeing this kind of price on these cars. As an owner of a 1985 308 QV...I'm thrilled. I think as time goes on, there will be fewer and fewer top condition, lower mileage 308/328s. I have 22,000 miles on mine (never plan on selling), but I think the price will steadily rise over the next 10 years and this type of car will be a true collectible. Just my opinion.

 

Car did not sell...it's been relisted.

 

Great thought, but the car you just pointed out doesn't exist except as an "outlier." In other words, you won't find very many of those cars, and if they're out there, they're below-market and will get snapped up extremely fast.

You're exactly right that say 43k is a price at which the median cars will MOVE (private seller, serviced; add 5k for dealer serviced).

I have never seen a "median" serviced 328 acceptable to me priced in the 30s. There's always an issue somewhere--no records... accidents... modifications... signs of abuse... slipping clutch... etc.

If this is the car you want, you can wait forever finding a nice example priced below market. Depending on your priorities, finding a nice example priced at market (save yourself $5k if you want and work with a private seller) would be a good strategy to actually get you behind the wheel of one of these cars.

--Mike

 

Good 328's are going up and average ones are holding. I have been looking at the prices for the last 10 years and have definietly seen an upswing over the last year. The problem is that every year there are less good ones in existence and even fewer almost new examples around. Out of all the production ferraris produced in the last 30 years the 328 does not look dated and i think its the same as having money in the bank. If you have $50K sitting on the sidelines and you like this car,i would say buy the absolute best one you can find,maintain it and it will at least return you within +/-$5K of your investment over the next 3 years. My opinion 10 years from now is a slow progression of excellent $85K,good $75K, bad $60K. If you find a good one and your haggling over 3 or 4 thousand,dont loose it because the next good one you find could be years away or thousands of miles away. The best deal i had was the first one i looked at and I thought it would only get better.It took 3 years for me to find a better one and i paid a higher price. Its the only car I have ever owned that is exciting to look at and drive time after time. The resale on this car is just icing on the cake.