365 GT4 2+2 at Auction | FerrariChat

365 GT4 2+2 at Auction

Discussion in '365 GT4 2+2/400/412' started by Jonny042, Jan 26, 2009.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
  2. brettski

    brettski Formula 3

    Feb 29, 2004
    1,754
    north of toronto
    Full Name:
    brett swaykoski
    i PPI'd this car in the fall of last year...
     
  3. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
    I thought you might chime in on this thread. I'm a fellow Canuck and I've been lurking a bit, researching the possible purchase of a 365 or a 400 5-speed. They both seem to be hard to find, but also don't seem to be moving at all when they do hit the market.

    Can you comment on the PPI you did?
     
  4. jacques

    jacques Formula Junior

    May 23, 2006
    877
    Los Angeles/Florida
    Is this the triple tail-lighted example that you had seen previously?..love it..Jacques
     
  5. Pedro

    Pedro Karting

    Nov 17, 2008
    99
    5280
    Full Name:
    P Licious
    I'm a bit surprised it didn't make reserve at $34K. If I recall, the owner was asking C$39K last Fall (which if I'm calculating right is around USD$32K?). Looks like a great buy to me.
     
  6. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
    Thanks for the replies!

    Pedro, when you say owner, you mean the car was on the market privately before gentry lane picked it up?
     
  7. brettski

    brettski Formula 3

    Feb 29, 2004
    1,754
    north of toronto
    Full Name:
    brett swaykoski
    yes, call me. 705-435-1990

    no, it was traded in at Gentry on a Lotus.
     
  8. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
    #8 Jonny042, Jan 26, 2009
    Last edited: Jan 26, 2009
    My interest at this point qualifies as "market research"..... and I would hate to waste your time. I'm looking for a usable/drivable investment for my 40th birthday (in quite a few months time. )

    A close friend/mentor has done very well with F-cars, first a 275, then more recently a 246. He kept the first for 10 years or so and the latest for even longer. He has been able to use and enjoy them both and not had to suffer depreciation.

    I've also has a serious weakness for E-types for some time and am considering one of those.

    So, is $34,000 US not enough to buy a solid, driveable, but unrestored 365 GT4 2+2? or is Gentry Lane holding out for someone with more monet than brains :)
     
  9. SlickMurphy

    SlickMurphy Formula Junior

    Aug 18, 2004
    275
    Essex
    Full Name:
    David
    Brett,

    What was wrong with it? That seems like a fair deal, even in this economy.

    D
     
  10. bjwhite

    bjwhite F1 Rookie
    Silver Subscribed

    Mar 17, 2006
    4,806
    Seattle, WA
    Full Name:
    Brian White
    It's brown.
     
  11. ArtS

    ArtS F1 World Champ
    Owner Silver Subscribed

    Nov 11, 2003
    13,354
    Central NJ
    David,

    Shiny paint does not equal good condition...Look at the interior. I suspect that the PPI found mechanical imperfections as well.

    Regards,

    Art S.

    PS. Brian, brown isn't necessarily a negative.
     
  12. Ak Jim

    Ak Jim F1 Veteran
    Owner Rossa Subscribed

    Dec 23, 2007
    9,618
    North Pole AK
    I bid on the car and did not meet the reserve. I called the dealer and they wanted 40K USD, I offered 40K CD (about 38.2 USD at that time) and they said no way. That is when I found out about Brett and had him do a PPI. I'm glad I did not get it!
     
  13. brettski

    brettski Formula 3

    Feb 29, 2004
    1,754
    north of toronto
    Full Name:
    brett swaykoski
    the car has strengths and weaknesses...but out of respect for Jon at Gentry Lane i can't just post the results of a private PPI here, sorry.

    anyone who wants more info can call me though.

    Jonny042, i think it will be very, very difficult to find the car you've described (solid, drivable, unrestored) for $34,000 USD...not impossible, but what do you get for that ? low compression, a dodgy gearbox, rust ? your investment stragedy could backfire...
    the problem is they are so undervalued already at that price, comparatively speaking. they are 50% more in Europe.
    a mechanically identical C4 is three times the price ???

    IMO, it is simply a matter of time...of that i have no doubt. the rarity, beauty and practicality of these cars will eventually have it's day...
     
  14. GreggG

    GreggG Karting

    Jul 14, 2008
    202
    New Jersey
    My experience mirrors Jim's. I also registered to bid on the car while it was offered through World Wide at Hilton Head. The auction house called me late, just when the bidding reached $35K U.S., which was my walk-away point. I know the bidding went higher and I had assumed the car had sold. The bidding, however, must not have gone high enough, though. I think the seller is holding out for $40K U.S. and is not in need of any liquidity, so he's holding firm. Personally, I think the color combo is attractive, but a conversation with Brett is mandatory for anyone considering this car.
     
  15. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
    #15 Jonny042, Jan 27, 2009
    Last edited: Jan 27, 2009
    Brett, the respect you show should be commended. So..... I commend you! You also seem to have good taste.

    As for finding the perfect car for 34K, I 100% agree with you. But one needing 5-10k of "detailing" should not be out of the question? The appropriate strategy in my mind is to go upside down on the car, invest more than it's worth, but have it to enjoy, since you obviously cant go out and buy a decent one at any price. They simply aren't out there because it makes no financial sense for them to exist.

    Does anyone agree with me or am I simply insane?

    PS - I like the brown but I'm sure it does not have universal appeal. Would it sound suitably exotic if you knew how to say "root beer brown" in italian?
     
  16. GreggG

    GreggG Karting

    Jul 14, 2008
    202
    New Jersey
  17. ArtS

    ArtS F1 World Champ
    Owner Silver Subscribed

    Nov 11, 2003
    13,354
    Central NJ
    Jonny,

    Rootbeer brown or chestnut brown in Italian is Morrone... :D

    Find the absolute best car you can, it will save you money in the long run. Did the black 5 speed in Huston sell?

    Regards,

    Art S.
     
  18. ricar116

    ricar116 Formula Junior

    Aug 2, 2005
    409
    Bolivar, Missouri
    Full Name:
    Rick Carr
    Not completely insane or I would be comitted.I am doing a bare metal ground up on a 74 365GT4/2+2, and I want to drive it! Hopefully put some real miles on it. I have never made money on a car on purpose only by accident. I guess I am not that much of a horse trader... at least I am having fun with the project unlike my 401K that 1/3 disappeared and I didn't get so much as a smashed thumb. BTW these cars are way cool.
    Rick
     
  19. 3wings

    3wings Karting

    Apr 7, 2008
    139
    South Africa
    Full Name:
    Mike
    #19 3wings, Jan 27, 2009
    Last edited: Jan 27, 2009

    And the 365 GT4 2+2 in Marrone, (rootbeer brown to the uninitiated) is the coolest of them all !!!
     
  20. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
    Do we know how many 365 GT4 2+2's are on North American soil at the moment? There's only one for sale that I know of, and that's the Brown one.
     
  21. ArtS

    ArtS F1 World Champ
    Owner Silver Subscribed

    Nov 11, 2003
    13,354
    Central NJ
    Jonny,

    Ask Dave for his list + histories of the US 365/400 series cars. It's worth the $25 he charges. I'd give you the number but I don't have my copy handy at the moment.

    Regards,

    Art S.
     
  22. bundas

    bundas F1 Veteran
    Owner

    Dec 31, 2005
    7,090
    lexington ky usa
    Full Name:
    mitchell barnes
    my memory recall was 27 came into us, i am sure stacy will come up with exact # mine can be seen on my post
     
  23. brettski

    brettski Formula 3

    Feb 29, 2004
    1,754
    north of toronto
    Full Name:
    brett swaykoski
    Mitch, gimme a call so we can pick up where we left off.

    brett
     
  24. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
    The more I look at the pics the more I like the car..... and those 6 DCOE's..... I have a fetish for them, I had a pair of 40's on my desk for a long time.

    And the marrone is totally groovy.
     
  25. Jonny042

    Jonny042 Rookie

    Dec 20, 2008
    31
    It's on the "sold" page at Gentry Lane. Not to me, though.
     

Share This Page