Dino for $210K?

Totally agree. That's why my way of thinking is ''if you are going full nut and bolt resto start with a basket case and leave the untouched original as is for preservation'' it's better to rescue a car in full need of it than a still presentable and running car.

 

Yes, though corrosion and other factors can play a major role in the amount of hours (money) spent on body and chassis work. Engine work can vary greatly as well.

 

Again, the Dino market is slowly moving towards a dichotomy of 2 types of condition; you'll find a Dino has already been fully restored or it is one that needs full restoration.

Mid condition dinos are getting ahrder to find and the spread in restoration costs seems to be around $200k

 

It is my assumption that this explains much of the apparent "explosion" in values in the last few years.

It is surprising that a car sells for $450K when someone just spent $200K restoring it?

 

I think the Dino run is over. There are still a lot of them around. They were getting insane numbers for a car that was a tough car to sell when new. The GTS will always command a big premium however.

Congrats to those that sold and made a huge profit.

 

And or we can say the bull run for ferraris has halted. Now the question is will it recorect 10% or pop.

 

There is a 2013 thread in the Vintage Market section about the bubble bursting, the opposite has happened. Keep in mind that 308's and 512's have almost doubled in the last year...Dinos are no longer the indicator for the pricing cusp and firmly entrenched in the Vintage market.


Going forward I believe the Dinos will more closely pace the 275's pricing movement and they've recently climbed in price.

Condition is everything - you're lumping all into one sweeping generalization on price, prone to inaccuracies as price increases bring out cars with needs.

 

I agree that nice driver Dino's are not as common as they used to be.

I also believe the definition of "Restored" is a very subjective one.

 

When you say "RUN", what do you mean? The Dino's went up all the time being claimed they were about to collapse. I have been listening to this for years now.

If the run is over, how come people aren't dumping them? I don't think the number of Dino's is much different than it was ten years ago. The GTS market is more a U.S. market, not a worldwide market.

I don't think you really know the market well. Just saying.....

 

The run is over in that they are no longer going up and seem to have settled back 10%. Maybe most people who wnated one has one, maybe it was lemmign car, somehting new collectors had to have because a275 was too expesive.

Whatever the reason, the larger herd of buyers has moved on, prices are not gorwing in leaps and bounds they are slowly eroding.

Do people have to dump somehtig for a run to be over, that is a fall

 

Where is the "fall"?

If you are meaning the rapid appreciation has stabilized, I agree. A market crash hasn't happened even though the market has repeatedly been tested. Interest hasn't waivered. It is not as though the Dino is a trend that has passed.

Not sure what else this means. If you are meaning is the Dino likely to have the same growth potential over the next three years that it has had over the last five years, then you could be right. However, if that is how you measure a Dino's worth, then you are missing the point, unless your point is as an investment with a huge return.....

Otherwise, the are plenty of things one can move onto...

 

I think it is funny when people say with complete certainty that the market has peaked, stabilized, ready for more or less growth. I enjoy looking at comments 4 years ago when Dinos were 150k and the bubble was ready to burst. I bought mine for what most would say the high point of todays market and I am very happy and not selling it. I have had several vintage Porsches and have followed prices over the years. A similar numbers of 1973 RS Carreras were made (between touring and lightweight versions) as compared to the entire multi-year Dino run. When prices hit 400k (just 2 years ago) everyone thought they were overpriced, now try buying one for under 900k. I agree that different cars move at different paces and some remain undervalued for a long period of time and then catch up. The car I always have longed for was the Mercedes 300 SL (also made in about the same numbers as the Dino), they were around 400k for more than a decade than rocketed up to more than 3 times that - over the last few years and I don't see them crashing back to 400k. Just my 2 cents.

As for the L Series Dino for 210k - horrible marketing, bad choice on venue, and a really great deal for the new owner! I would happily give him more than he paid for the car.

 

A Dino is one of those rare irrational cars that I see that transcends price and logic. Cars have a perceived value based on pragmatic vs emotional values. Dinos are pure emotion in the way they look, sound, drive, feel combined with an intoxicating story. You know it when it's there. Your heart skips a beat, it causes grown men (and women) to be irrational and spontaneous. How many cars do that to you? Dinos will always have their fans finding every which way to figure out how to get one. I still think they're under valued based on how much emotion they offer. No one "needs" a Dino. A Dino defines desire and want. We only live once!

Freeman

 

Not saying the price is crashing, just thta its stopped rising, same with daytonas boxer all ferraris exceptt he uber rare. Maybe the market is catching its breath before anoyter charge, maybe there will be a 10-20% correction, but so far its been flat or slightly back.

Still this car sold for 210K, by the looks of it a compleet redo is going to be not less than 150K+ so someoen saw a great restored dino at 360-400K.

 

One only needs to look at the sub par cars that sold at RM Amelia for strong money to know that the Dino market is still healthy. The level of the cars on the market however, has not necessarily been as strong as what I've seen in the past.

 

Freeman,

Well said. A design that inspires is what the heart of design work is.

Shawn

 

The Boxers continue to rise. Look at the Amelia results vs Scottsdale for lesser cars. Agree on the Daytonas.

 

Truly one of the greats. 3 out of 4 non car enthusiasts that sees my collection loves the Dino most.

 

I think the market has stood still to assess where it is, this has enabled prices to stabilize.

We see this in the "holding" prices.

We have seen a good number of tarted drivers or projects or proper cars come to market. Most through auction venues. Very few through private sales. All of these cars have run the gambit of pricing.

What isn't tracked is the behind the scene cars.

Although these types of sales are reduced from years ago, they still exist.

I no longer try to post and record the spread as it has caused me issues.

 

Indeed.

Andres

 

I think the RS Carrera is an example of the mindless herd mentality some collectors or fund managers or whatever have. "If everyone wants one, then that's what I want too."

 

I cannot agree we it you on that.

 

The reason the RS is so desirable is that it checks off every box of a hard core Porsche enthusiast. Utterly reliable, usable, fast, fun to drive, tunable (think RSR), iconic looks, pure, etc etc. Biggest difference between an RS and a Dino is it isn't that difficult to convert a normal early 911 coupe into an RS. Conversely, the Dino is special and unique in every way to every other Ferrari.

Freeman

 

+1 very well said.
You need to sit in the cockpit, turn the key and cut through the twisties to understand Dino ownership joys ...

Rather than a market catching-its-breath I believe we are seeing below average Dinos commanding below average prices.

As prices rise there comes a point where sales are so attractive that cars with needs begin to come to market looking to parallel the prices of those top end prices, but they fall short.

 

For those who care to discuss things other than a Dino price free fall, this car has already been sold by the auction buyer for a number significantly higher than the price paid at auction.