Sell before the bubble bursts.
https://bringatrailer.com/listing/1983-ferrari-308-gtb-quattrovalvole-4/ I actually figured it would sell at bid plus fees of 84K Condition issues and history were not ideal, Seemed quite generous money for it.
A little TLC could take you much further. I guess for what is was you can say it was sold for a “fair” price.
https://bringatrailer.com/listing/1970-ferrari-512m-replica/ Anybody know what the taillights are on this GT4’d chassis project? Also the wheels, where could I source them?
Shock. Yet all other platforms cannot give the same car away at half that price, even with a free toaster. BAT magic huh?
"One owner" Seems to be the only variable. As if that is a justified rational for extreme value?? It literally becomes "two owner" upon auction sale concluding.
I think the perceived value is total transparency and visibility over the history of the car. Buying a car that old usually means LOTS of unanswered questions about what "previous owners" may have done, how they maintained the car, what they may have modified, etc... With BaT, I imagine the vast majority of bidders are not inspecting vehicles before bidding so the value of the information is dramatically greater in such a situation than in a situation where bidders inspect or even drive the car, get a full PPI, etc... Having one person being able to answer every possible question about the car is valuable - not to all bidders, but to some. Enough of a sub-segment of bidders to create those higher bidding situations.
Disagree 100% with this rational regarding number of owners. Having complete records of quality services combined with current proven condition plus 350++ photos, Vin history reports, documented odo stated registrations & safety/ emission inspections every year, driving vids, paint meter & a forum of nit picking car nuts etc is far more valuable than putting extreme monetary value on the same sweaty old ass gracing the driver seat. It would only make sense if the orig owner literally serviced the car with their own loving hands from new after becoming a certified Ferrari technition. Most orig owners cannot change a tire correctly much less comment on what Guido did "while in there" during the last major. The "one owner" status has only been a flippant bonus of unique happenstance within my circle, never an extreme monetary value.
I think we're saying the same thing. The value is in having 100% documented history and answers to any question a buyer may have. It is assumed that a one-owner car will provide that. Hence the perceived value. How else do you explain the consistent premium these one-owner cars are getting on BaT?
Disagree with such an assumption. I do not find that such exaggerated value is commonly placed on how many humans claimed title of a vehicle. I believe the majority would place much more value on the other relevant data such as mileage, collision/service history & current condition of a vintage Ferrari and very little on number of owners. It is debatable as to why the last two 84-85 308 GTS with 36K miles went near for twice the current market. I think it is far too odd that it is only on just one platform this has happened with the 308. Maybe there is someone with market comps from the top 10 platforms out there.
If I had just won the previous car at $150K, I might be a little remorseful for not getting this one.. The previous example was nice, but this one is a real superstar.
