Bat 360 17 mins left— 67k…. Two bidders duking it out…. Popcorn in hand… https://bringatrailer.com/listing/2003-ferrari-360-modena-19/
Market is strong to say the least. Can’t wait to see what the EAG guys do with this one. Love this hobby.
Here is Art's quote regarding his intentions with the car "Here is the plan, remove the factory OEM parts, refurbish them completely. ( I will build an all OEM car for someone 360 /430 if anyone is interested in the OEM parts I pull off this 360). Next, I am going full Guntherwerks Steven Singer on this bad boy, full restoration, British Racing Green, Carmel interior, all the Carbon you can imagine and N/A to 570HP tuned, this will be a 1 of 1 EAG Limited build car, full suspension, carbon interior the works. Stay Tuned!"
Feel even better about the deal I got last month in light of this result. Mine has fewer miles, much better condition, lower price than this car after BaT fees. These things are on a rocket upwards. Geez. No one is making 570hp N/A out of a 3.6L 360 engine. Maybe (very strong maybe) a 430 engine with heavy mods. Even the N-GT didn't make that kind of power as a full on racing engine with the restrictors removed.
I’ve been wanting to build a lw outlaw 360 car for years…. I hope they make something special. They def have the resources.
I do not regret buying my gated 360 w 19k miles 3 yrs ago for 90k. I got off the m car amg new car dep train!
Has the 355 gated market leapfrogged the 360 gated market? These are all very nice examples! 360 gated cars a few and far between lately. 1998 Ferrari F355 GTS 6-Speed: Sold for $161,000 on 7/29/21 https://bringatrailer.com/listing/1998-ferrari-f355-gts-5/ 1997 Ferrari F355 GTS 6-Speed: SOLD FOR $106,000 ON 8/16/21 https://bringatrailer.com/listing/1997-ferrari-f355-gts-4/ 21k-Mile 1998 Ferrari F355 Berlinetta 6-Speed: SOLD FOR $135,500 ON 8/26/21 https://bringatrailer.com/listing/1998-ferrari-f355-10/
Waiting for a low mile gated 360 to hit BAT, probably will set a record, that’s a lot of 355s hitting now, I don’t get the 161k car w the AC that doesn’t work, there are a few low mile gated 360s at 175k-180k asking, and they will probably get it.
Probably one of only a handful of Rosso Barchetta GTS. It needed a lot of mechanical work but cosmetically seemed to be good. If you have a guy whose dream car was a 355 GTS in a specific color and 2 or more of those guys are viewing an auction, then you get that kind of result. If someone was to list a lower mileage (<25k miles) green/tan or green/tobacco F355 GTS with all service records and in good shape, it would be a $250k car I think.
This should give you a pretty good idea. A gated sunroof car sold in May. https://bringatrailer.com/listing/2002-ferrari-360-modena-9/
Me, too. No plans to sell mine but with only a dozen or less sunroof versions they should fetch more than the "dime a dozen" models, at least from a collectible standpoint. As far as that 2002 360 that sold back in May, all I can say is "that was then, this is now" and it seems prices have creeping up the past few months.
If today’s drivers can’t operate or appreciate a stick…. I fear they will flounder over a mechanical sunroof port .
Hagerty gave the 360 a nice bump in value in the Sept numbers. A #2 2001 Spider comes in at $113k, and a #2 2001 Modena comes in at $120k after factoring in the +50% increase for the gated manual. It is interesting that Hagerty has a specific value for the gated Spiders, but groups the F1 and gated values together for the coupes. Based on the recent auction results I do not think this will surprise anyone.
Bought my F1 360 4 years ago. The car has 17k miles. Still have the same stated value $80k coverage on the car that I had when I bought it. The car has undergone manual conversion by EAG in the interval. Anyone have an idea how I should value the car for insurance at this point, and what is necessary for the insurance company to approve that coverage? (PURE) Thank you! Kevin
I think the converted cars likely split the difference between F1 and manual. 17k mile converted car is probably around $110-110k.
Did you mean 110-120 or 110-115 or 100-110? (I know, not a large difference ) Do you happen to know what kind of proof the insurance company would need for the value change of a stated value policy? I know I can just contact my agent, but I really just started to think about doing this. Thanks, again. Kevin
Sorry, $100-110k. Not sure what proof is needed. My car is insured at $125k through Safeco and all they asked for was 2-3 photos.
