328 Current "selling" prices ?

Do a search, this has been discussed pretty thoroughly over the last few weeks.

 

http://www.manheimgold.com/

 

I think those are "asking" prices...my take is that the cars are selling for about $4k less than those price points.

 

I disposed of a 328 about 3 months ago and have been actively shopping for another since. I think that prices have risen a significant amount in the past year. Dealers tell me that part of this is due to the strong euro. One significant problem I run into is that many sellers aren't willing to accept that a car needing a full service is worth $5000 less than one with a new service. At least that's the value I put on one. I take $1000 off for each year that the car has gone without a belt service.

Asking prices now are often in the low to mid 50s for even 87s. I have seen some 88 1/2s and 89s in the high 50s or low 60s asking. Probably these cars can be bought for something less, but what I found when I bought my other car, and what I am finding now, is that if the car is sharp and low mileage and the price reflects the current service starus, you better be fast on your feet or it won't be there when you call.

I suspect the market may soften a bit after Monterrey. People won't be lusting after cars to take there.

 

Hi Davehanda-sama, I didn't know you changed your name!


I sold my 328 GTS lower than GOLD BOOK price, and bought 98 355 spider lower than GB price.

I think each year should make some price difference (instead of categorize 2-3 years in one bunch w/ one price).

I did notice 328 has quite large gap between bottom price ($30K) to top price (more than $50K), and seems it is appreciating a little, don't you think??

 

Have not seen the gold book pricing before. Seems to be in the ball park with other pricing. Will be good to check it from time to time and see if the prices fluctuate.

 

Boston Sportscar has a Red on Black 328GTS with the major service just completed. It is a beautiful one owner car, with just over 1000 original miles on the odometer. This is as close as one will get to buying a "brand new" 1989 328. I believe the asking price is in the low 70K range. Is this considered the correct price for this example? It is the highest price I have seen a 328 to date, but good luck finding another one like it. That could take years.......

Check it out @ www.BostonSportscar.com


Alex

 

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'89 328's are selling for more than '89 348s too. GREAT cars!

 

I saw one the other day with less than 500 miles....scary clean..about that same $65- $70K number......

 

1986 w/ abt 30K miles, great condition, expect $40 - 45K.
I've done a lot of research on recent prices.

 

I do know of an 87 R/B with about 25K and recent service that recently sold for 43,500. I don't think prices have changed much in the last 7-8 years. In 1997, I bought an 87 R/T with 33K on it for 40,200. 89's sell for a significant premium. Since the Ferrari market was red hot at the time, buyers put them away as an "investment" so a number of very low mileage 89's exist today. Examples with less than 1K on them have sold for over 70K. Examples with 5-7K on them sell regularly in the low 60's. A red 89 with 30K on it and fresh service can still bring close to 50K.

Dave

 

Just bought a 1989 328 gtb in excelllent condition with 38k miles for $42k.

 

Not really.

It's based on auctions, "tempered by information from dealers and knowledgeable collectors," and tweaked by judgement.

I think that their prices are pretty accurate.

For what it it's worth, the Ferrari Market Letter Index is based on asking prices.

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From the Manheim Gold website:

To monitor the market, the editor attends the Monterey auctions and the Barrett-Jackson auction in Scottsdale as well as several other major auctions each year. These observations are added to the Gold Book database of selling prices from major US and European auctions. This database currently has over 24,000 prices and is linked to the Gold Book listings. A group of Gold Book reporters supplement published reports with first hand observations. These observations are added to the Gold Book database of selling prices from major US and many European collector auctions.

Research into current values is facilitated by a personal Automotive literature collection of 5,000 books and periodicals. Additionally, dozens of market letters and reports are followed to assess the latest market trends. Gold Book numbers are retail values based on actual auction transactions tempered by information from dealers and knowledgeable collectors. Values are maintained in tables linked to auction data and are adjusted to reflect market trends. An element of judgment is applied based on knowledge and experience so that abnormal sales do not distort values.