Is this a bubble? | Page 16 | FerrariChat

Is this a bubble?

Discussion in '308/328' started by slvr993, Jan 8, 2015.

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  1. cnpapa24

    cnpapa24 F1 Rookie

    Jan 19, 2014
    3,659
    NOLA
    Full Name:
    Chris
    I am surprised to see the Boxer edge past the Countach, although it may have been a better condition/more original car in this case.

    .[/QUOTE]

    A 365 BB (it was not a 512) will certainly be worth more than an 88 QV CT. An S1 would be worth more than the 365 BB for now.
     
  2. docbell

    docbell Formula Junior

    Oct 11, 2012
    314
    Erie, PA
     
  3. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,607
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    Jon
    Ah... that would explain it.
     
  4. st@ven

    st@ven F1 Rookie

    Aug 4, 2008
    3,318
    Germany
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    Steven
    oke clear. I do not want to argue but it seems like a non deal breaker for anyone out there lookimg.

    But I am "even more happy now " that my 2/1977 steel car has this single support, incl the fully functioning springloaded roll-up mechanism:):):)
     
  5. st@ven

    st@ven F1 Rookie

    Aug 4, 2008
    3,318
    Germany
    Full Name:
    Steven
    #380 st@ven, Jan 19, 2015
    Last edited: Jan 20, 2015

    Well, I’ve couldn't say it better myself. Although the auction houses are normally way off in their description. This part is completely right.


    With all the talk on money we tend to forget just how fortunate we are owning these cars.
    I'm a 6 year owner now from buying my first 328 but, at home, still EVERY SINGLE DAY I visit my man cave to take a look at my cars.

    And really, after 6 years of ownership they still brings back the smiles like it was there the first day.
    After I bought my first Ferrari in 2008 I was really hit by the bug and bought some more. Never as an investment but purely because the only thing nicer than one 328 is a collection of 3x8s

    And that brings me to another topic. Several people stated the last weeks that if the prices continued to go up they would seriously consider selling. I really do not understand that.
    Why would you sell the car you fell in love with? Because it’s worth more now? For any damage you have insurance and purely from an investment point of view you could not have done a lot better.

    I really do not care about levels of pricing. I’m certainly interested in following it but merely from a point of Excitement rather than something else: finally these cars are recognized for what they are: Among the most beautiful, reliable and well handling (time correct)cars Ferrari made ever. I will not part. No matter what prices will do.

    Old fiats, Porsches, muscle cars are selling over 100K any day of the week. And discussing the bubble: our Ferrari’s should at least be on the same level, but taking into account their purity, they should fetch at least double. That's not a bubble, that just common sense.
     
  6. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    Sorry, but I never, ever, go to any Ferrari meeting; that's a rule.
    Besides, if Yves is right, as I am sure he is, as you are in the business, you have vested interest on prices...
    And I still think 300 K€ before the end of the year for a steel carbed car is preposterous.

    Rgds
     
  7. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    Simple: because there were so few made.
    Let's accept 460 Euro LHD cars as the most probable number build.
    Take away 15% for attrition, and 15% for cars modified for track use, to look like Group IV, etc.
    That leaves you with about 320 cars, which is not much.
    The owner's of these 320 cars:
    a) usually love their car and
    b) have been told for five years that their car is the "next Dino" and they see the prices climbing regularly.
    Why would they sell?

    I'm sorry to say this, but you are probably a little late...

    Rgds
     
  8. 2281GT

    2281GT Formula 3
    Owner Silver Subscribed

    Oct 9, 2006
    1,134
    Germany
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    Markus
    OK, let's start a bet !

    I bet, that ...

    early steel 308 GTB (mono marmitta , before 4/79) in realy, realy good condition (Cond 1-2) will be at 300k EUR before Newyear 2016.

    Edit: a early 308GTS (Cond 2- , wrong exhaust , bad detailing , etc) for 160k EUR !!!

    Ferrari 308 GTS - Low Mileage Gebrauchtwagen, Benzin, ? 160.000,- in Waterloo

    THAT is preposterous !

    There are many other Ferrari models more rare than this. I don't think, that THAT is the fact. I think, the fact is, that the plastic cars have been the first model of the 308 GTB/GTS Series.
     
  9. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    1. Sorry Markus, I don't bet; simple as that. And even if the prices would be at 300 k€, it still will be utterly preposterous.

    2. About the Vetroresina, the question of "Member" is why he doesn't find one at the price he is proposing, not why are those cars appreciating. My point of view is that the pool of cars for sale is simply very small, and that people who got one are not selling for the time being (especially if the car is original)
    I know very well that some models of Ferraris are much more rare: for instance, the 2-litre 208 GTB/GTS...

    Rgds
     
  10. 2281GT

    2281GT Formula 3
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    Oct 9, 2006
    1,134
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    Oh - I'm so sorry to hear , Bruno


    (only a joke , no offense) :)
     
  11. Falcon

    Falcon Formula 3

    Aug 19, 2008
    1,304
    New England Region
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    Falcon
    Price correction: 74 Ferrari 364 GT4 BB sold for $511,500, 79 512 BB sold for $335,500.
     
  12. Spirit of Italy

    Spirit of Italy Karting

    Jan 3, 2015
    143
    Norway
    Full Name:
    Hans S
    Sad to hear you never attend Ferrari meets......

    Have NO vested interest in market values. Been repairing, servicing, restoring and track preparing Ferrari's and other Italian cars for 26 years. Have never and will never be involved with car sales. Have always been and will continue to be a true enthusiast with ONE goal, see the cars on the road working and preforming like they should.

    With prices climbing we will see fewer of them on the road, more of them tucked away collecting dust. The exact opposite of everything I work for. Classic Ferrari prices are obscene and when 308 prices are now close to exceeding restoration costs, that IS preposterous.

    The 308/328 design is one of the most well-balanced GT cars Ferrari ever built, a dream to drive on & off the track. A drivers car. And our car will be used accordingly, rain or shine, regardless of how cheap or expensive they become in the future.
     
  13. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    Fine Hans, its now clear to me; you're forgiven...but mark my words: 300.000 euros for a steel carbed car before the end of the year: preposterous.
    I don't attend Ferrari meetings, I don't bet, but should you be in Paris in the next few months, shoot me a PM, we'll have lunch or dinner.

    Rgds
     
  14. Spirit of Italy

    Spirit of Italy Karting

    Jan 3, 2015
    143
    Norway
    Full Name:
    Hans S
    Much appreciated. Trying to find time to get to Retromobile, will let you know if I make it.....

    Hans S
     
  15. AJS328

    AJS328 F1 Veteran
    Owner

    Apr 23, 2003
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    Augustine Staino
    Well said!
     
  16. Todd308TR

    Todd308TR F1 World Champ

    Nov 25, 2010
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    Why not?
     
  17. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    I simply don't like these.
    I like to think that these cars were not made to be shown by the dozens (remember that here in Europe, before the year 2000 or so nobody knew what "detailing" means) and that our cars have "Gran Turismo" (= GT, then B or S) in their designation?
    These were made to be driven on the roads, this is their DNA, and if someone in a small village catches a glimpse of one when being driven, then he is lucky.
    Showing these gives me exactly the same feeling that when you are looking at a wild animal in a zoo: not the right place, not the right environment, etc...it's simply not right to me.
    But that's just me.

    Rgds
     
  18. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    Be my guest: I'm living exactly ten minutes by foot from where the exposition takes place.

    Rgds
     
  19. vaccarella

    vaccarella Formula 3

    Apr 16, 2011
    2,291
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    Paul
    I have a great deal of sympathy for this pov. I don't like single marque meets either. And I'm certainly not interested in "detailing" my car. I occasionally enjoy visiting classic car auctions where at least most of the cars are different.

    By the way, Bruno, does this mean you avoid looking into you own garage because you have a zoo of 328s in there ? ;)
     
  20. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    Well, more or less yes, Paul; I would not deny that from time to time it gives me comfort to look at the two 328 together in the garage, yes.
    But what I find really rewarding is to take the car for doing "Turismo", or "Gran Turismo", then to stop in any remote place and see people gathering around the car; this not on sundays, but anytime during the week.
    I did the same when I was a kid and saw one of these: closing in, half in awe, thinking "this is my lucky day". A month or two I stopped with my GTB to "fill her up" at an anonymous petrol station; out of the blue came a kid with a camera, he asked very politely "may I shoot pictures of the car while your paying your bill"?
    Well, in the four of five minutes I needed to pay the bill, he must have taken forty pictures of the car; that made my day, really.
    Whereas I don't really see the point of "monomarque" meetings. But that's just me...

    Rgds
     
  21. BigTex

    BigTex Seven Time F1 World Champ
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    Dec 6, 2002
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    I will certainly be upset if that is true (having sold two last week)..

    But please send me the money at that time, as I have my eye on a nice 599GTB!!!
     
  22. BigTex

    BigTex Seven Time F1 World Champ
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    Dec 6, 2002
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    This is very well said, and recalls exactly the position of my last technician!!

    I feel most of the 'glass examples are locked away, there are a few like the Nevada Mustang Ranch car (left for dead outdoors) and maybe one or two hiding under a Koenig kit...But, the owners of such cars know what they have and are unlikely to sell off at a discount.

    Should you desire and find one in ANY condition, my advice would be to buy it and roll up your sleeves for the restoration work.....it will not be sitting in a cocoon with 'as new' paint and leather!!



     
  23. BigTex

    BigTex Seven Time F1 World Champ
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    Dec 6, 2002
    79,398
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    Bubba
    This is still true today in most of my country....

    Of course with a fine Shop up the street, an F40 cut in front of me for gas last week.....
    :D :D

    Still we must recall when a Ferrari of any kind was "rare" when our cars were new.
     
  24. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,805
    Pittsburgh, PA
    Absolutely no reason you can't do both - show and drive it. If you ever come to Pittsburgh, the PVGP is for you - massive classic/modern car show with non-stop vintage racing on closed public streets.

    There are plenty of people that have original cars, much older than the 308, and they drive them and show them at judged events. If you use decent technique and products, you really only need to "detail" the car once - ever. The rest is mainly minor maintenance of wax 6-12 months depending on product and use. That is about an hour of time to wax and remove the wax from a 308.
     
  25. furmano

    furmano Three Time F1 World Champ

    Jul 22, 2004
    32,215
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    Furman
    Going to Retromobile is on my bucket list. One day...

    -F
     

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