I'm referring to the 328 on BAT. It's not often you gain this much information on any used vehicle. The seller has been overly forthcoming.
Got it! Yes, he is all of the above for sure. I just have a pet peeve about rust on a Low miles car that has been in Ca for all these years and the owner is the mechanic to boot! We will see this car get pricey here pretty quick. Enjoy the show~ thx
At 108K with fifty minutes left, there's still money on the table. Chupee must be wringing his hands right about now! Don't think anyone would be hurt buying this car. Remember you can never pay too much for a Ferrari- you can only buy it too soon.
Funny, Laughing at the hype on this car from the NON BIDDERS. Not the car for me. The problem with auctions is you forget the REAL VALUE!
Yep, if you go by Hagerty values, this was an approximate #2 that sold for #1 pricing. That boggles my mind on several levels but I am happy for the seller.
One owner low mile with great service history is worth more in the market place than they give it credit for. The issues present are very low impact and not expensive to fix. Also the car is located in the biggest market area in the country.
Sold for 150 but the buyer paid a 5K commission to BAT on top. So 155K and change. Plus shipping or picking up the car. A lot of 328 owners are starting to think. maybe they have real Ferrari's after all. At 150K a person can consider restoring a higher mileage car, and still not be up side down. The real question is are we in some serious bubble? I remember the 1988 run-up in prices and the fall in the early nineties. Again in 2014 Ferraris went nuts again. The current push to ban internal combustion engines, can turn all of these cars into boat anchors. The younger generation ( TWENTIES) don't have a bit of interest in my cars. My daughters boyfriends are more interested in a Tesla, a really unattractive car. The next few years will be interesting. The 129K 1989 car at the Beverly Hills Ferrari, seems like a deal.
To ban IC powered cars in the USA for the next 20-30 years would be political suicide. Not going to happen.
WAH is gonna try and flip it as we know! Agreed! The Bev Hills car is a showpiece, not the rusty nail that needs airbrushing!
I doubt that car can be flipped anytime soon, at least not to make money. Will be interesting to watch. Tell you what though, this is another confirmation that if you want to sell a decent 328, BaT is the place to get top dollar. I mean, they are commanding bigger money than dealer cars, which says something. The 308 hasn't been as strong on BaT but also does OK. A nice 1985 Euro QV sold for $79K today and I felt like that was a pretty strong price. I have seen much worse 308s go for similar money.
THIS 328 sold for $150k. ANOTHER 328 can sell for $150k. Out of 7,500 328's how many would you pick over this one? Most of the GTB's? Most of the '89's? Any rare off color cars? How many #1 or 2 cars with less than 20k miles? Would you expect all of those to now go for $150k?
Wouldn't have a GTB or an 89 so no. Like I said, continuity of ownership, low miles, excellent service history and car location is more important to most in the market than people are accepting.
I have a 88 GTB #2, but it has 24k....not for sale though. It's the most fun of my four Ferraris to actually drive on twisty roads. Not too fast and not too slow, just right. You feel everything without worrying about the Law or killing yourself. The 355 is the next most fun.
These BaT prices are high across the board. I just started following the site last Summer and was stunned at the prices. I was convinced that shill bidding was going on. Since then, I have begun to realize that the "masses" are very willing to drive the prices up to "win". As a result, the "normal" sale prices keep on escalating. I myself have become desensitized to the prices and would now look at a $70K 328 in decent shape as a "steal". I had figured this 328 was going to go for $120K or so, but was I wrong! That being said, it will be interesting to see what the Spring market brings. I think 328's are a safe "investment" right now. Five years from now may be a completely different story, as EV's take over the mainstream market and a new generation of collectors comes along. BaT is cheap entertainment and I learn a lot about the various cars. I get a little upset at some of the truly snarky remarks, but that comes with the territory.
That has not been my impression after following BaT for several years. To me it is the best concentration of knowledgeable buyers with money to spend of any venue (online or otherwise) which for the right car brings an excellent result for the seller. Sent from my iPhone using FerrariChat
This went higher than expected but rifledriver is right, one owner, routine maintenance, and low miles, all catalysts for a high dollar auction. On the EV conversation, I believe EV's will only drive the real drivers cars even higher. The 3X8 is such classic styling and all analog. It will be one of the cars to have if EV goes mainstream. Nostalgia is expensive.
Agreed, however, there is the "I WANT THAT CAR emotion that would not be present in a normal sales transaction .. Heart pumping makes all investors do silly things! As an investment advisor for 35 years, I see that mindset kick in. It is the grand illusion that there is a perceived value simply because so many others also want it. That is why we have bubbles!
328's are more in demand than Testarossa's, by far for a reason, it's the 911 crowd n ot wanting to invest in engine out $15k timing belt changes
