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Help! Need old ferrari selling prices from the past!

Discussion in 'Vintage Ferrari Market' started by bannishg, Oct 6, 2008.

  1. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Hello guys,
    I am a new member here at ferrarichat and I would like to initiate my participation in the boards through starting a thread about something that I get a big kick from: ferrari selling prices in the 50s 60s 70s and 80s. I'm sure you are all aware of the sky high values of vintage ferraris today, as even the SWB California has joined the 8-figure club lately! These later princely sums don't intrigue me nearly as much as the amounts paid for these cars 20 to 50 years ago. If you know of any transactions that occured more than 20 years ago regarding anu pre-1974 vintage ferrari (especially GTO, TR, 275gtb, 250 SWB, Tdf and California), please post it here! Include chassis number if you feel like it, the most important aspects are the date of sale and the price! I have ample records from barchetta.cc's registry and back issues from Hemmings Motor News, but there is still a lot missing! For example: I remember hearing about a 250 GTO that sold for about $40,000 USD in 1976, anybody got anymore GTO prices from that era?

    Some More Examples:
    -In HMN July 1977: 56 Ferrari 250GT Boano coupe, all aluminumn: $6,500 (Grand Prix SSR)
    -In HMN September 1978: 59 Ferrari 250GT LWB California Spyder: $23,500 (Thoroughbred Motorcars)
    -In HMN November 1983: 62 Ferrari 250GT SWB Berlinetta, restored: $90,000 (Homer Tsakis)
    -In HMN June 1975: 67 Ferrari 275GTB/4, mint condition: $12,500
    -In HMN February 1970: 53 Ferrari 375 America, excellent: $4,300 (Leo Gephart)
    -In HMN March 1980: 65 Ferrari 275GTB/2, very good condition: $28,000
    -In HMN December 1983: 59 Ferrari 250TR: $150,000 (Steve Forristall)

    More to come...... Thanks in advance for any contributions!

    Greg B
     
  2. saw1998

    saw1998 F1 Veteran

    Jun 8, 2008
    8,237
    San Antonio, Texas
    Full Name:
    Scott
    Does anyone have a DeLorean and a "quantum flux capacitor" that I can borrow??

    BTW, thanks for the great post!
     
  3. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Some More For You All:

    HMN December 1986: 68 Ferrari 330GTS, red/black, excellent overall, chrome is fair: $89,900 (Mike's EAR)
    HMN June 1987: 63 Ferrari 400SA (#5021), good condition but not show, 88000km: $99,000 (Motorcar Gallery)
    HMN October 1987: 58 Ferrari 250GT Tdf: $200,000
    HMN May 1973: 52 Ferrari 250MM (#0330MM), 100% complete, basket case: $3,500
    HMN May 1973: 53 Ferrari 250MM Vignale Spyder (#0390MM), 6000 miles, concours: $16,000
    HMN June 1973: 61 Ferrari 250GT SWB Berlinetta (#2639), Good Condition Overall: $6,750 (In Dallas, TX)
    HMN May 1978: 63 Ferrari 250GT Pinninfarina Cabriolet Series 2, Needs cosmetics: $7,400 (In Florida)
    HMN February 1978: 55 Ferrari 500 Mondial Spyder, v8 Chevy installed, original motor is included: $20,000 (Milwaukee, WI)
    HMN August 1978: 65 Ferrari 275GTB/2 Short-Nose, Campagnallas, Excellent Condition: $15,450 USD (Brian Classic, UK)
    HMN April 1976: 61 Ferrari 250GT SWB California Spyder (#1963GT), Concours: $16,750 Firm (Jim Southard)
    HMN July 1973: 66 Ferrari 275GTS, 40000 mi., Excellent: $7,250
    HMN April 1979: 67 Ferrari 365 California (#9801): $58,500 (Illinois)
    HMN January 1984: 63 Ferrari 250GT SWB California Spyder, LHD: $110,000 USD (Steve Pilkington, UK)

    Remember to add any old transactions you recall, especially ones involving GTO's! More yet to come!
    Greg
     
  4. Ed Niles

    Ed Niles Formula 3
    Honorary

    Sep 7, 2004
    2,448
    West Hills, CA
    Full Name:
    Edwin K. Niles
    I started with Ferraris in 1959, and sold my first one, a 250Europa, for $4500. For quite a few years, the going rate for a used Ferrari, regardless of model, was around that price. And they were not easy to sell. I sat on a 400 SA for 2 years (and 2 paint jobs) before it finally sold.
     
  5. JCR

    JCR F1 Veteran
    Silver Subscribed

    Mar 14, 2005
    6,689
    H-Town, Tejas
    #5 JCR, Oct 6, 2008
    Last edited: Oct 6, 2008
  6. anton

    anton Karting

    May 8, 2004
    106
    I remember an ad in(I believe) Sports Car Graphic in the mid '60s from Bev Spencer Buick offering a GTO for $9500- with some spares.
     
  7. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Oh, Here is my favorite:

    Are you ready to start kicking yourself for not buying a GTO in 1971? In a 2002 article by Sheehan entitled "The Ups and Downs and Ups of the Ferrari 250 GTO", it included that GTO #3769 sold for $8,500; and GTO #5573 sold for what has got to be the lowest price ever at $5,800! In 1971! What the hell happened?!!? Mason paid $86,000 for his in the (fall?) of 1978, and two sold in 1981: one for $285,000 and one for $250,000. I wish I had more GTO prices from the 70s and early 80s, though. There seems to be a million listed GTO selling prices from 1985 to present, but any earlier ones are incredibly hard to come upon. I also have Porsche, Maserati, Aston etc. prices from Hemmings if you guys want those as well, I just assumed you guys are strictly Ferrari.

    More Sales:
    Auction, October 1981: 66 Ferrari 206SP Dino: $82,000
    Auction, October 1981: 60 Ferrari 250GT SWB Berlinetta: $70,000
    *According to an Autoweek Article in the Mid '80s, Ron Finger stated that in 1970, he bought an alloy-bodied competition 275GTB/4 with outside filler cap in mint condition for $8,200. He sold it in 1971 for $9,500.

    I also have more from HMN on the way.
    Greg
     
  8. Miltonian

    Miltonian F1 Veteran

    Dec 11, 2002
    5,956
    Milton, Wash.
    Full Name:
    Jeff B.
    When Pete Lovely purchased the Testa Rossa 0768 in 1970, he paid $2300 for the car and $300 for some unattached parts (according to the article in R&T, Nov 1994). After extensive restoration, the car was valued at +$10,000,000.
     
  9. jimmyr

    jimmyr Karting

    Oct 10, 2004
    212
    Scottsdale, AZ
    Full Name:
    Jim
    Both Kirk White and Rob Box had great price lists assembled showing the climb of Ferrari comp cars back in the 70's, and how we all missed the boat by not buying their offerings of the previous year. Jim
     
  10. Dave330gtc

    Dave330gtc Formula Junior

    Mar 12, 2002
    601
    NW Indiana
    Full Name:
    David Smith
    Even the early 1980s were still relatively simple times. I was ecstatic making $500 profit on my GTE after all expenses when I sold it for $12000 in 1984. You could still buy and sell cars then and have fun with them without the huge outlay that came about just a few years later. The opportunity to experience a large number of cars with minimal exposure made for some fun times. If only we would have kept them all rather than sell them off. Not enough money or room.
     
  11. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Some More Old Prices:

    HMN February 1978: 60 Ferrari 250GT SWB Berlinetta "One-Off Neri & Bonaccini" (#1777), Concours: $28,000
    HMN July 1979: 66 Ferrari 275GTS, Needs Cosmetics: $17,000 (Int'l Motorcars Corp.)
    HMN December 1978: 72 Ferrari Daytona Spyder, 18k mi., fly yellow/black, like new: $68,000 (Vintage Car Store Inc.)
    HMN May 1973: 49 Ferrari 166MM Spyder (#0012M), Rebodied, looks like 500TR: $8,500; (This car was later offered by FJ in HMN 10/84 for $46,000)
    HMN September 1973: 66 Ferrari 275GTB/2 LN (#8625), 42k miles, Immaculate: $8,000
    HMN August 1978: 68 Ferrari 330GTC, factory air, mags: $15,500 (Thoroughbred)
    HMN July 1979: 64 Ferrari 250GT/Lusso (#5289), fresh service, gorgeous: $21,000 (Int'l Motorcars Corp.)
    HMN August 1973: 56 Ferrari 250GT Boano, in primer, runs excellent: $3,100
    HMN June 1978: 58 Ferrari 250GT Tdf (#1035GT), Concours Winner: $29,450 (Brian Classic)
    HMN November 1976: 72 Ferrari Daytona Spyder, 4000 actual miles, Spotless: $45,000 (Leo Gephart)
    HMN January 1976: 67 Ferrari 330GTS, silver/black, 34000 miles: $14,500 (Atlanta, GA)
    HMN July 1976: 72 Ferrari Daytona Spyder, fly yellow, 12000 miles, mint: $39,500
    HMN February 1985: 71 Ferrari Daytona Spyder, a real one, just needs cosmetics, bargain-priced: $87,500
    HMN May 1976: 55(?) Ferrari 750 Monza Spyder, Concours Winner: $18,500 (Brian Classic)
    HMN November 1975: 59 Maserati Birdcage, Beautiful Throughout: $14,750 (Brian Classic)
    HMN November 1975: 69 Ferrari Daytona Coupe, Mint Condition: $8,500 (Brian Classic)
    HMN July 1976: 64 Ferrari 250GT/Lusso, Excellent Condition: $8,500 (Brian Classic)
    HMN September 1978: 65 Ferrari 250GT/Lusso, beautiful: $15,000 (Vintage Car Store Inc.)
    HMN May 1975: 67 Ferrari 330GTC, 40000km, as new: $9,000
    HMN January 1976: 66 Ferrari 275GTB Competizione Lightweight (#9063): $18,000 near offers
    HMN November 1976: 59 Ferrari 250GT LWB California Spyder, both tops, lots of spares, one owner, one of the best available: $15,000
    HMN November 1971: 63 Ferrari 250GT SWB California Spyder, very low miles, best in the US: $7,000 firm
    HMN December 1976: 65 Ferrari 275GTB/6C, RHD, Great Cond., Bargain: $8,750; offered again in HMN 3/77 for $9,850 (Brian Classic)
    HMN January 1977: 57 Ferrari 250GT Pinnifarina Cabrio Series I, Excellent Condition: $9,750 (Brian Classic)
    HMN March 1977: 59 Ferrari 250GT Tdf, 20000 miles, very sharp: $22,500 (Jim Southard)
    HMN March 1977: 52 Ferrari 212 Export Ghia (#0189): $15,000 (FAF)
    HMN March 1977: 67 Ferrari 275GTB/4 (#10595): $23,500 (FAF)
    HMN December 1978: 67 Ferrari 275GTB/4, Needs Cosmetics: $24,500 (Thoroughbred)
    HMN April 1978: 1972 Lamborghini Miura SV, very low mile 1 owner car, mint: $26,000
    HMN October 1978: 54 Ferrari 250 Europa: $17,500 (Thoroughbred)

    Like it or not, there is still more to come!
    GB
     
  12. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Is there a way I can obtain these price lists?
     
  13. Horsefly

    Horsefly F1 Veteran
    Rossa Subscribed

    May 14, 2002
    6,929
    What if he had spent that same $2300 in 1970 on Wal-Mart stock?
     
  14. SCantera

    SCantera Formula 3
    Silver Subscribed

    Aug 4, 2004
    2,124
    Living Falls NC
     
  15. dretceterini

    dretceterini F1 Veteran

    Apr 28, 2004
    6,415
    Etceterini Land
    Full Name:
    Dr.Stuart Schaller
    One of the 340 Mexico coupes was for sale at a lot on Sunset Blvd in 1968 for $3200
     
  16. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    I'm at home with the flu and have nothing better to do, so..... More!

    Autoweek Dec. 3 '84: 67 Ferrari 275GTB/4, black/tan, needs cosmetics: $57,900 (FAF)
    Autoweek Feb. 4 '85: 51 Ferrari 212 Export Vignale (#0179EL), restored: $45,000
    Autoweek Oct. 21 '85: 60 Ferrari 250GT Pininfarina coupe, red/black, great car: $12,900
    Autoweek Dec. 3 '84: 73 Ferrari Daytona Spyder, red/black: $130,000 (Foreign Cars Italia)
    Autoweek Aug. 5 '85: 54 Ferrari 375 America Vignale, 6600 Orig. Miles: $125,000
    Autoweek Apr. 29 '85: 65 Ferrari 275GTB/2 SN, red/black, recent overhaul, excellent condition: $39,000
    Autoweek Jul. 7 '86: 65 Ferrari 275GTB/2 SN, 50000 miles, superb: $59,000
    Autoweek Jul. 7 '86: 57 Ferrari 500TRC, Red: $290,000 (Foreign Cars Italia)
    Autoweek Sep. 23 '85: 73 Ferrari Daytona Spyder, Yellow/Black: $140,000 (Foreign Cars Italia)
    Autoweek Oct. 7 '85: 57 Ferrari 250GT Pininfarina Cabriolet Series I, Gold/Black, Concours: $100,000 Firm
    HMN November 1974: 67 Ferrari 330GTS: $12,000 (Jim Southard)
    HMN June 1974: 52 Ferrari 250MM (#0146MM), Engine Missing: $3,000
    HMN November 1978: 73 Ferrari Daytona Spyder (#16781) 15000 miles, flawless: $75,000 (Motoring Classics LTD.)
    HMN November 1978: 65 Ferrari 500 Superfast, Prime Condition: $32,000 (Vintage Car Store Inc.)
    HMN July 1984: 67 Ferrari 275GTB/4, 19000 miles: $65,000 (Steve Pilkington)
    HMN May 1984: 60 Ferrari 250GT Pininfarina Cabriolet Series II, 100% complete with spares, needs complete restoration: $15,000 (Prancing Horse Enterprises)
    HMN September 1978: 53 Ferrari 375 America coupe, Paris Show Car: $24,000 (Thoroughbred)
    HMN September 1978: 53 Ferrari 212 Pininfarina Inter Coupe, solid driver: $12,500 (Thoroughbred)
    HMN October 1984: 62 Ferrari 400SA Coupe, 100% complete, good body, not running: $20,000
    HMN September 1978: 62 Ferrari 250GT Pininfarina Cabriolet Series II, 2 Tops, Immaculate: $14,000 (Thoroughbred)
    HMN September 1978: 66 Ferrari 330GTC, red, campagnolas, excellent condition: $13,250 (Brian Classic)
    HMN June 1977: 65 Ferrari 250GT/Lusso, flawless: $10,120; relisted in HMN 7/77 for $10,950 (Brian Classic)
    HMN March 1977: 66 Ferrari 500 Superfast, one of the world's best: $15,950 (Brian Classic)
    HMN September 1978: 57 Ferrari 250GT Tdf Competition, fully restored: $30,000 (Leland Gohlike)
    HMN April 1975: 60 Ferrari 250GT Pininfarina Cabriolet Series II, good condition: $4,000 (Basil Shaduin)

    I'll keep 'em coming
    GB
     
  17. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    I sorted through my papers and found more details on the GTO I mentioned earlier. It was in June 1976 and the actual selling price was $38,000. I know these details are vague, but if anybody recognizes the date and price, then perhaps you know the chassis number?
     
  18. John Vardanian

    John Vardanian F1 Rookie

    Jul 1, 2004
    2,740
    San Francisco Area
    Full Name:
    John Vardanian
    1984, Ferrari of Walnut Creek, a 250GT SWB (Lusso) in fine original condition, $90,000
     
  19. ferraripete

    ferraripete F1 World Champ

    neat posts...keep them coming
     
  20. Horsefly

    Horsefly F1 Veteran
    Rossa Subscribed

    May 14, 2002
    6,929
    How many of these OLD prices were really a bargain AT THE TIME? I don't think that any vintage Ferrari was cheap back in the day, no matter when that day was. In retrospect, they all seem like a LOT of money for any average Joe at the time. The June 1974 listing of a 1952 Ferrari with NO engine for $3000 is an absurdly high price for the time. You could have bought a '67 Corvette with a 427 and every option back in '74 for that price and drove it away with change in your pocket.

    Let's see some BARGAIN Ferrari prices, (if there ever were any AT THE TIME.)
     
  21. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #21 bannishg, Oct 6, 2008
    Last edited: Oct 6, 2008
    Whoa, relax buddy... This is just for fun. Being somebody born in the 1980's, I have no perception for the value of the dollar in an era 10 to 20 years before me. These are my dad's old magazines, from which my car passion began. Besides, I never specified that they had to be "bargains" to their respective era(s). It seems you have some knowledge on the market in these past eras, do you have any prices you can share with us? The more the merrier.

    Also, any Ferrari today with a chassis no. ending in "MM", even without the engine, would sell for substantially more than the most anyone ever paid for a '67 427 Vette (Which I believe is around 450 to 500k).

    GB
     
  22. Horsefly

    Horsefly F1 Veteran
    Rossa Subscribed

    May 14, 2002
    6,929
    I just remember seeing those ads in the back of Hot Rod Magazine and Cars & Parts among others. Anytime a car was advertised in the national magazines, you could bet that the price was 3 or 4 times what anybody would pay on a local level (if available). A fine running 1957 Chevy Bel Air would run about $2500 locally back in the late 70s and that was pretty high. (too high for me and my friends.) A local car lot had a 66 Corvette convertible with the 427 engine, all stock, for $10,000 back in 1980. We thought the seller was an idiot. The price was absurdly high. Same guy also had a 65 GTO with 3X2 intake for $3500. More reasonable, but still no bargain. A friend of mine drove a 65 SS396 Chevy for $700 to my house on a test drive and noticed that it was overheating. He decided to pass. He also passed on a 67 SS396 Camaro with a crunched door for $700. He ended up buying a 57 Chevy Belair 2 door post model for $260 and still has it over 30 years later. (of course it's still unrestored, but someday,......you know the story.) I knew another guy who was joy riding with his buddies and spotted a 57 Chevy Bel Air convertible for sale for $125 in a front yard back in the 60s. They all dug into their pockets and tried to collect the $125 for a joint venture. Not enough in their pockets so they passed.

    Of course these were not Ferraris because such cars were never to be found in Joe Average middle America. I personally never, ever, EVER saw a Ferrari on a used car lot anywhere back "in the day". Too high dollar for my neck of the woods.
     
  23. f308jack

    f308jack F1 Rookie

    Jun 7, 2007
    4,267
    Cape Town, South Afr
    Full Name:
    Jack Verschuur
    Everything is relative. In the earlier eighties, a 250LM could be bought for USD 200.000, a Maser 450S for 150.000 and a 250MM Vignale spider for USD 200.000. Even though these prices were very big money at the time, the investment would have been good. Comparing to new Ferrari's at the time, in the Netherlands that was a little over new Boxer money. Compare a new 599 to a 250mm or LM today...
    It can swing the other way round too. In the early nineties I seriously considered selling my house to buy a 18k miles 328 GTB. (bachelor, no responsibilities!) Good thing I didn't actually get that far.
     
  24. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    You both are absolutely right, it is all relative. In the early 1950's the Inter coupes, Mille Miglias, and many other models all listed under $10k new, for example, a 1950 195 Inter, brand new, would cost about $6500. This was a huge sum in '50. For comparison, a beautiful new 3 bedroom ranch with a pool in Huntington Beach, Cali was listed for $8500 in 1950. In the early 50s, SSK and 540k Mercedes, Duesenberg Phaetons and Bugattis were selling in the $1000 range! The price of a new well-equipped Chevy! This was because there was barely a collectors' market at the time, and as the post-war boom took us into the later '50s, the prices of these cars jumped into the $4000 range, as collectors began to recognize these classics. A Duesenberg SJ Speedster was once offered for $3500 in 1957, and people thought the price was ridiculous. 10 years later, they were at $20 to $40k, and the rest is history. Again, I wasn't alive during these times, but I have read enough articles and accounts over the years to sound like somebody who was.

    Some More Prices:

    HMN November 1986: 53 Ferrari 375 America PF coupe: $88,000 (Motorcar Gallery)
    HMN December 1986: 72 Ferrari Daytona Coupe, Mint Condition: $80,000 (John Hoke)
    HMN December 1986: 55 Maserati A6G/2000 Frua Cabriolet: $45,000
    Autoweek January 5, 1987: 57 Maserati 200Si: $175,000 (Foreign Cars Italia)
    HMN April 1986: 51 Ferrari 212 Export (#0179), excellent: $65,000
    Barrett-Jackson January 1986: 52 Ferrari 250MM Spyder: $176,000 Including Commission
    HMN April 1986: 68 Ferrari 365GTC, red/black, fresh paint: $35,000 (Fantasy Junction)

    More earlier ones to come!
     
  25. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    I got some really good ones, though not ferraris:

    In a car profile within the Sports Car Market database, somebody paid $700 for a Mercedes SSK in 1941 that sold for over $7.5Mil in 2004, can you imagine that? A 1,400,000% return on your investment? Another SSK needing restoration sold in 1944 for $130. Somebody also paid $900 for an SSK in 1951, in "good running condition". In 1966, a flawlessly restored SSK sold for $11,000 and supposedly people thought the buyer was nuts for paying that much! In 1962 You could have bought an "as new" Maserati Birdcage with spares and a trailer for $4,000. The best used gullwings were $4,900 in 1963. Somebody paid $3,800 for a mint Jaguar D-type in 1965, another paid $9,800 for an excellent C-type in May 1971. A restored Bugatti Type 35 would have cost you $2,500 in 1960. 1964 was the year somebody paid $800 for Maserati 200Si (#2401). A nice Maserati 450S could have been yours if you had $5,000 in 1969. One of the five original GrandSport Corvettes sold for $4,500 around 1967. A BMW 328 Roadster cost $750 in 1962, and Elvis paid $3,500 for a used 507 the following year. A 1958 Porsche 550A Spyder was offered for $5,500 in 1970, and a 1954 Porsche 550RS Spyder was offered for $5,000 in 1971.

    How's that for bargains? Also, please don't hesitate to share with us any pre-89 prices you remember! I am desperately looking for GTO prices from the mid 70s through the early 80s, and also California Spyder prices from around 1981 (were they still under 100k in '81?) Thanks guys!

    Greg B
     

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