355 Spider at Mecum Auction | FerrariChat

355 Spider at Mecum Auction

Discussion in '348/355' started by starspanglebanner, Apr 13, 2014.

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  1. starspanglebanner

    Apr 28, 2012
    15
    I was at the Mecum Auction in Houston yesterday. I saw a 1999 355 F1 Spider , titanium with bourduex interior, 15000 miles, no accidents by carfax. Being an auction, thats all the info that was available. The car looked great but thats about all I can say. I did not bid, since I did not know enough about its history. The car hammered at $44,000. I thought that was an incredible deal and probably below market. Any thoughts?
     
  2. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,230
    CT
    Full Name:
    John Kreskovsky
    A blue spider (97) and a 95 Rosso Barchetta couple went for 46 and 45. weak auction market. These are pretty low for 355s.
     
  3. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
    The Barchetta car was once mine. It was a no sale @ 45k. The owner confirmed this with me.
     
  4. Dave rocks

    Dave rocks F1 World Champ
    BANNED

    Nov 23, 2012
    16,047
    Orchard Park, NY
    Full Name:
    Dave Lelonek
    Sounds like you should buy it back, Luke.
     
  5. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
    Negative.
     
  6. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
    14,351
    Full Name:
    Robb
    I love rossa Barchetta on the 355. Luke, got some pics of your old car?

    Robb
     
  7. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
  8. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
    14,351
    Full Name:
    Robb
    Man I love that car. Great photos.

    Robb
     
  9. ketel

    ketel Formula 3

    Aug 6, 2007
    1,355
    Sausalito, CA
    I'm not trying to start a flame war here but my guess is that the F1 configuration had something to do with the low price. I don't know about the other Spiders, however. Gated shifters are getting the better prices, especially when we are talking about first iteration F1 cars. Look at where 575 gated models are trading versus the more common F1 models. 20-25% premiums. Paddle shifters have come a long way in the last 15 years but people still want those iconic chrome shifters on older Ferraris. They are all but extinct on new Ferraris.

    This seems to be a trend in favor of the 90s exotics and sports cars. Look at what's happening with the 993 and 964 platform 911s from 1989-1998. Holy Stromboli. Prices have doubled in the last 2 years. I expect to continue seeing strong -- but gradual - upward trend in 355 prices.

    ketel
     
  10. Meister

    Meister F1 Veteran
    Silver Subscribed

    Apr 27, 2001
    5,516
    Duluth, MN
    Full Name:
    The Meister
    Agreed, good deal for the buyer, bad deal for current owners
     
  11. bikz

    bikz Formula 3

    Mar 2, 2012
    1,043
    Malaysia

    the original, iconic Ferrari shifters I think were the round black ones.....last seen on the 348s....they changed them to the chrome shiny ones from the 355 onwards...... those black one's are the one's which got extinct first!
     
  12. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,230
    CT
    Full Name:
    John Kreskovsky
    Summary of the Ferraris at Houston.

    A 95 spider, yellow with 5300 miles was a no sale at $60k. The blue 97 spider with 18k miles sold at $46k. If it needed a major, about right. Luke's 95 B was a no sale at $45k. Engine bay looked some what un kept. No rain shields on either side. Challenge wheels. Claimed "belt service" in Jan 2014. Luke, do you know more about the condition of the car. The 99 F1 spider sold at $45k but no info on that car listed. 94 348 spider 50k miles sold for $36k. A 91 348TS was a no sale at $35k. A 2008 430 spider, no sale at $148k. A 2008 430 Scud sold at $170k. And last, a 1986 Mondial sold at $17k.
     
  13. ketel

    ketel Formula 3

    Aug 6, 2007
    1,355
    Sausalito, CA
    True. I guess I should have been more specific about the shift gate being chrome versus the shift knob which, as you correctly point out, was black until the 90s.

    ketel
     
  14. starspanglebanner

    Apr 28, 2012
    15
    One thing that made the 99 spider attractive was it was the last year and no "valve guide issues". Supposedly, Ferrari had corrected the valve guide concern by MY 1999. It would be even harder to take a 95 at an auction without having cylinder compression info or at least the status of the valve guides.
     
  15. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
    Annnnndddd this is why I hate the internet...
     
  16. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,230
    CT
    Full Name:
    John Kreskovsky
    #16 johnk..., Apr 14, 2014
    Last edited: Apr 14, 2014
    But you would not be able to post that w/o the net.

    P.S. I have similar feelings. See my new location and full name. I'm no longer grumpy. :)
     
  17. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
    :)
     
  18. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,831
    Houston, TX
    Full Name:
    Michael Foertsch
    The top on the 99 F1 spider was inoperable.

    The owners/handlers were trying to put it down on Wednesday with both doors open and handbrake off. :)

    I offered to help, got the doors shut and handbrake off, and it would get stuck soon after the start point. Motors were running but no movement. Plus, seats were not moving back and forth.

    May be a simple fix (seat position sensor), may be hydraulic fluid low, may be something bigger.
     
  19. mathewr

    mathewr F1 Rookie
    Sponsor Rossa Subscribed

    Dec 7, 2011
    2,916
    Deep in the Heart of Texas
    Full Name:
    Ferrari Wheel Guru
    Now listed on cars.com for $56550.00
     
  20. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,831
    Houston, TX
    Full Name:
    Michael Foertsch
    Let me be clear: this is NOT listed by my dealership, even though we share a similar name. :)
     
  21. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,230
    CT
    Full Name:
    John Kreskovsky
    Love the pictures with that listing. The garage junk, trash cans, the dog, cooler, the kid cutting the lawn, the old Olds under the shed. Talk about a back yard dealership. :)
     

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