Latest Cavallino Mag, 308 QV value 60k !!

The good ones are going up

Ebayer's are still in the cellar.

 

Plenty of 328 "drivers" at $37,000-$39,000

So, pretty hard to justify paying $60k for a 308 unless you are a nut about a perfect car (and not going to drive it).

 

It takes them a year to budge on the 330GTC while its up 50% and then this?

 

That seems a bit too high...but that sort of range makes complete sense. As the cars continue to get older, they will be more "doggy" ones, and well, the really nice "garage queens" become fewer.

 

the price of 60k is based on a car that sold at barret jackson a few months back. it really did transact at that value. i too was amazed as i have a gtb qv w/ all documentation and only 6k miles...it is possibly the best in the usa...w/o any question. i think to the right person, it is worth 40k. but that may be my head trash as it seems these cars when compared to the ave offering could in no way be duplicated for near similar dollars.

but yes, the 60k price is real! not sustainable , but real!!

 

I attended the RM Auction @ Amelia Island in March where there was a '76 308GTB to be auctioned with a $70,000-$90,000 estimate. The seats still had the plastic covers on them(didn't check to mileage). I didn't watch it cross the block but read in later auction reports that it went for, I believe, in the high $60's.

 

Given the number of modified cars out there, isn't a perfect, original car worth whatever a serious collector wants to pay?

 

Actually, $59262.57 before taxes and fees, but who's counting...

 

Hmm, $60k...

I might actually be able to restore it and not be upside down in the car.

 

Not quite the same but my 1st Mondial (83 QV Coupe) cost me US$95k and the second (84 cab) US$14k

 

That's the last $60,000 308 we are going to see, probably ever.

 

I wouldn't count on that.

You're starting to see the major collectors restoring the ones they have in their collections. When you consider the costs of doing a platinum show job on one, that's about what the restoration cost is going to be.

I'm expecting this price to hold for the top of the market.

 

There's a '76 Glass GTB for sale in this month's FCA newsletter for $69k (it might be a Euro dry sump) but even still, not worth that.

 

The last time this happened it was 1989/90. Enzo can't die twice. I just cannot see this happening with a driver's Ferrari like the 308

 

I bet it will eventually go for 35K. MAYBE 40K

 

Marq,

Was that the very low mileage brown metallic car? If so, I believe Keith Martin mentioned it in a recent Autoweek. He said the car had an estimate of $70,000 - $90,000 but the disappointed owner settled for $42,000, if I remember correctly. I'll see if I can find it.

 

I have not seen that article - I was only off by $2000

 

I can definitely see this happening...although I did not expect it so soon. There are other Ferraris, like the 330 GT 2+2 or 250 GTE which have also gone up since years ago. The old theory that 2+2s won't be worth anything is rediculous in my opinion, especially when so few were made. And although many 308s were made, they are drivers' cars and the low mileage, show quality cars will surely be worth more as years go by. I can see it now "Own a piece of Ferrari history...a true drivers' exotic". This rise in price is totally different than that of the late 80s after Enzo's death. The older Ferraris will certainly go up in value...again, I didn't think it would happen this soon and I really think it will be many, many years until we see 308s routinely hit this mark. I would say $50k in 10 years when the last 308 (like mine) is 30 years old and the oldest is close to 40 years old....yikes 40 years old!

Just my opinion. I never plan on selling my 308 so if it's worth $5,000.00 or $50,000.00 makes no difference to me. Just cool to think it may soon be appreciating in value.

 

Just my opinion. I never plan on selling my 308 so if it's worth $5,000.00 or $50,000.00 makes no difference to me. Just cool to think it may soon be appreciating in value.[/QUOTE]

I feel the same way

 

i am waiting for Erik to tell us all he purchased a red/tan carb 512BB for $20k. that way i can send in my resume to him to be the new guy mechanic on the fleet of red horses! the F40 for Spicy will be a real challange at that price point !

 

I saw a BB this week at $49k and passed.

I still think I can find a fast cheese grater that needs a service at $32-$36k, that's the goal.