Current Dino values and trends

Please Mr. B keep that car the color and car are awesome! Plus chairs and flairs it's a keeper! Dave M. keeps track of the market he will no doubt chime in soon. As does wspeer, and a number of other dino guys. IIRC Dino's have really been coming up in value the last 18months from books to the cars themselves. Remember that blue driver gts Algar had for $85k? I don't think you can buy that car today for under $95k I believe $115k for your car is cheap IMHO.
Erik

Waiting patiently for the experts to chime in...

 

Les,
IMHO, The answer to the question, resides in the quoted line above. If you sell the Dino now, it sounds like you could very well regret it in the future, regardless of price.

Sell it when you are ready to sell it.

If, in the future, there is another car that you want and the cash is not liquid... borrow the cash, keep the car.

Sell it when you want to sell it.

Bill

 

If you still get a smile when you drive it ( which I'm willing to bet you do) then keep it. You can always sell it another day. While no expert on dino's I would say the the market for classic Ferrari's will only go up. If someone is willing to spend 115K today, then someone else will spend more tomorrow. Time is on your side. Enjoy the ride.

 

You are not allowed to sell it. You are suppose to keep it for another 15 yrs, and then I am going to buy it for my dad because he loves it...

 

Well Les,
I guess that must be the definitive answer that you were seeking!

You have been barred from selling the Dino.

Bill

P.S. ACCUMULATE... collect sounds so pretentious

 

Les.

On a serious note.

$115K is not the top of this market, right now. Here's an example of a GT, Euro, in a little better cosmetic shape than yours for sale for the same as what you wer asking for a chairs and flairs GTS.

http://www.rpmsportscars.com/door14.htm

So, explore the options. IF you really want to sell the car $115K is not where your car is. I know of a very nice yellow Euro spec car (But no chairs or flairs) that the owner wants $120K for. I'd buy yours in a heartbeat before I'd buy the other car, even though his is the Reading Concours winner for two or three years running in the GTS category. There's more upside to your car than his, and I think yours is significantly more original. (Although his car is exceptionally clean and well maintained.)

Will the prices settle back a little? Probably. Are there cars to be had for less? Absolutely. But there are buyers in this market willing to pay top dollar for the really nice cars, and your's is one of those.

Those folks that you and I know who "traffic" in these cars can get you more if you want it. As I recall, one of those guys told you at Radnor not to take $115K, that it wasn't enough for your car.

HE WAS RIGHT.

Dave

 

Erik.

That blue car went for $85K, overseas, when the dollar was pretty weak.

It was a very nice car, but had some issues that would have cost probably $10K to sort out before you were done.

Plus, the paint wasn't right for the car, it had a thick clearcoat, which to me, just doesn't look right.

It wasn't a chairs or flairs car, either.

In hind sight though, the $85K that car went for is about the right price.
DM

 

A couple of great cars at the following dealer.

http://www.racecarnewmedia.co.uk/nickcartwright/details.asp?VehicleID=207

http://www.racecarnewmedia.co.uk/nickcartwright/details.asp?VehicleID=162

I bought my GT for £65K ($113K), are we in the UK paying more than the rest of the world?

 

there aren't very many cars on the market right now to truely test what the market is. the 73 euro coupe that is here in houston (rpm) isn't a $144k car although they starte dtheir ebay auction at $95k w/ no reserve, it isn't a $95k car. it is completely redone cosmateically and mechanically but it still isn't a $95k car. spyder's are always worth more than coupe's. a true chairs and flares car will bring more money, but that is dependent onthe buyer. i would never pay more for a flared car. they look goofy as hell. they bring a premium because of rarity. in fact, a good number aren't even real chairs and flare cars. having said that, a nice spyder with books and tools and records can break the $100k barrier. at this point, i think it the exceptional car and not the average car. will dino's continue to rise in value? that is a tough one. with the euro vs. dollar changes we have seen recently, i think the exodus of vintage cars to europe will slow. this could hurt prices here in the us. having said that, prices could go up as the dollar gains strength. if you are buying one of these cars, buy it because you love it. it isn't an investment in anything besides your joy. if you are selling a car, sell it because you know you have had your fling with it and have tired of it. i tell you what, there is no better feeling than walking into your garage and seeing something you love.

 

perhaps this will elicit howls of protest ...but.... I have a beautiful 74 gts 28k miles no rust, books tools the works & i am doing a sympathetic resto, new valves,brakes , susp, hoses, int the works. Maybe it is larger scale than a sympathetic resto but I am doing it (with tons of help from my friends - godbless JS) and am enjoying the process. I have considered buying a basket case Dino after I was finished and doing that too. I really love working on the car. However, a basket case goes for $50k and will need a ton put into it. I recently looked at a '72 Porsche coupe that needed resto (just engine brakes etc no body work) and turned my friend onto it(as I am busy with my current project). It was a lovely car no rust great interior etc and he paid $2500 for it...wasn't the Dino trying to compete with the early 70's 911's? I also have considered a 308 or 328 which go for 25-30 grand. I love my Dino & it is fabulous but eventually the market catches up with you. I believe that is going to happen especially if you consider what else is available in the vintage sports car market. There were many early 70's sports cars that were made and they are a lot cheaper than Dinos these days. If you are betting on scarcity value 3500 - 4000 cars are still a fairly large production run...just my 2 cents

 

although they competed for sales when new and barring any special cars, a dino will always bring more than a porsche 911. a restoration is a labor of love and usually done by someone with more money than sense. unless you do the labor yourself, you will most likely be upside down, at least for the short term.

 

Awesome to hear Mr. B! You forgot to mention how awesome the color is!!!! Will it be at reading?
Erik

 

Folks... I think we got a winner!!!

If the money was the important part and you felt it was at the top of the "bubble" or if you were simply tired of the car, you would have already gone for it.

Wow, it's almost like bringing it home for the first time! Feels all warm and fuzzy! Congratulations Les!

 

Well, that's a relief.

For a brief moment I thought I might have to raise the $$$ and buy this car, just so I could sell it back to Les when he missed it.

Not all of us here are in it for the pure love of the cars. Les certainly is.

Dave M.

 

Wow- With all the comments I'm hearing here about the prices of Dinos, I'm wondering where the auction I have my GT on Ebay will go to- To the moon, Alice!!! This is such a great place we have here...

 

LOL, That's the spirit Dave!

 

Matt.

No pix of the engine bay in the listing

No mention of tools or books.

Nothing about what kind of tires, or the recent work you may have done to the car. No mention of service records. Lots of holes to let a potential buyer's imagination fill in with the worst possible answers.

Have you gotten a lot of emails about the car from potential bidders with these kinds of questions?

Probably not too late to include a shot of the engine bay, unless it's a mess, and to mention that you have books and tools, unless you don't.

Both of those issues will help to drive the price up if the bay is clean and tool/books are complete.

Add in the zero feedback, despite your explanation, which is pretty plausable.

I'd say you're pretty close to market (at least on ebay) at the high $60's number you're getting now.

DM

 

Here is a pic of Labcar's car for those that haven't seen it!! Taken by Coolestkidever
Erik
Image Unavailable, Please Login

 

With the rise in prices the Dino is now bringing, I'll bet many Dinos are being considered for restoration as the owners will be able to realize their return if sold.

 

The camera has added an overall color - is the car silver or blue?