Dino GT converted to GTS sold, did anyone see the car? | FerrariChat

Dino GT converted to GTS sold, did anyone see the car?

Discussion in '206/246' started by tx246, Mar 8, 2008.

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  1. tx246

    tx246 F1 Veteran
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    Nov 4, 2003
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    Shawn
    #1 tx246, Mar 8, 2008
    Last edited by a moderator: Sep 7, 2017
    serial number 03128, described as :



    The GTS was the targa-roofed spyder version, which offered the open air experience of a true sports car to Dino buyers. Rarer yet than the coupe versions, they are highly prized by today's Ferrari enthusiasts.

    The matching numbers Dino Spyder offered here was converted to open configuration early in its life by Ft. Lauderdale Ferrari main agents Shelton Ferrari. Finished in attractive metallic silver with deep red Daytona-style seats (black inserts), it is fully equipped with power windows and the rare and desirable factory air conditioning. Cromodora alloy wheels are the final detail to this most sought-after specification.

    The subject of a three-year restoration by Flashback Motorworks of Atlanta, over $200K has been expended on this terrific Dino to provide its new owner with another 35 years of driving pleasure. The odometer reads only 29,000 original miles, and is attested as accurate. This is an extremely attractive example of an open Dino ? a worthy tribute to Enzo Ferrari's only son.


    http://cgi.liveauctions.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=005&sspagename=STRK%3AMEWA%3AIT&viewitem=&item=150220830691&rd=1


    sold for $142,500 +13% premium, or just north of $161k dollars. this is the first dino gts "conversion" i have seen sell in several years. i know of one other. how many of these are out there?

    would this car be the dino equivalent of a daytona conversion? it's good money for a coupe and poor money for a spyder, or is it?
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  2. DinoDino

    DinoDino Karting

    Nov 20, 2004
    141
    USA
    I have seen the car in December, in my oinion the restoration is very weak, it did not look good close up, the paint is not show quality, average at best.. The engine compartment is not nice, the interior is okay, would rather spend the money on a real nice GT instead. The car is currently sitting at the Gatsby's off Peachtree Ind Blvd, I think Ted (the owner) is asking high 100's.
     
  3. modmaki

    modmaki Formula 3

    Sep 11, 2006
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    Mo Makki
    i've seen another one in newport.ca about a year ago..i passed on the car,it was sold to a customer in europe...i just don't see the need to convert dinos..just dos'nt make sense..
     
  4. tx246

    tx246 F1 Veteran
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    i spoke with someone who had done a conversion back in the eighties. his line of thinking was $20k for the work, $50k additional money at sale. it didn't quite work out that way for him. i could see if a car was crunched, maybe, doing it, but the coupe lines look so much better. if something like this was to be done, i think it would look much better if done like the yellow 206 with the "targa" panels.

    the sales result is interesting, kinda middle-ground. based on what nad described the car as, it seems a little more interesting. does anyone know who bought the dino?
     
  5. DinoDino

    DinoDino Karting

    Nov 20, 2004
    141
    USA
    It was still for sale at the Gatsby' 2-3 weels ago, not sure if Ted sold it but I will find out tomorrow.
     
  6. tx246

    tx246 F1 Veteran
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    it was auctioned by rm this past weekend
     
  7. DinoDino

    DinoDino Karting

    Nov 20, 2004
    141
    USA
    RM auction report attached, it was sold for $156,750
    not sure what a real one would have brought, a nice one would have easily much higher.
    Fyi, a good friend and a car collector in Holland told me today that a 74 Dino GTS in Zurich was sold for 260 swiss francs last week (about $265k), with the dollar now at its lowest against the Euro, we may see some more interest from Europe. I think Europeans are known to put their monies in classic cars and arts instead of stocks, this year is going to be interesting for Ferraris, Dino values had some resistance in the last few weeks 140-150k for GTs and 180-200k for GTS's but the market is about to move up much quicker for all classic Ferraris and possibly as fast for the BB's, 330 series, 250 GTE series, all indications are pointing north (weak dollar, supply-demand, safe and hard investment, etc....We know Europeans are more into diversifying their portfolios and drop monies into cars and arts, investors here are losing their fortune in the stock market, realestate, etc..Why not invest in a classic Ferrari?

    http://www.rmauctions.com/CarDetails.cfm?SaleCode=AM08&CarID=r219&Currency=
     
  8. tx246

    tx246 F1 Veteran
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    interesting that the auction result changed from $142k to $156k. the rm auction doesn't include premium

    what is the real dino market? i can't even say. today is st. patricks day (3/17/08). i know of at least 6 dino's that have sold in the us in the last 2 weeks at very strong prices. to be honest, i was starting to question the "value" of the dino in the us.

    the dollar is weak, but it is expensive to import a car into europe because of the duties and taxes. looking at what is still for sale (world wide) and what is for sale in the us, is the real market. even though a couple of dino's have sold, until the dead come out of the catacombs, i think there is still more growth in value. there have been so few basket cases to come to market, and the ones that have have sold for strong prices.

    it makes no sense. unless, of course, you factor in the basket cases are being "restored", and even then you have to ask what happens when they hit the market.

    forgetting that, i still am curious as to how many "conversions" are out there
     

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