New High | FerrariChat

New High

Discussion in '206/246' started by nerodino, Sep 16, 2007.

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  1. nerodino

    nerodino Formula 3
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    www.foskers.com Have a 246 GTs flared arch for sale at £125.000 is this a new high? and in the current climate what do you think their chances are of attaining this figure?
     
  2. dinogts

    dinogts Formula 3
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    Compared to a US car for 1974, it appears to be missing some decals in the engine bay (like on the air/carb box), but maybe the UK didn't have similar decals?

    What about the rest of the car? Books and tools? What about the front tire compartment and the rear trunk?
     
  3. synchro

    synchro F1 Veteran

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    Nice looking Dino, looks like someone has done a LOT of work to it to prep it for sale
    http://www.foskers.com/car_sales/page_2_sales/car_2.htm
    - extra horizontal piping on the Dino doors (like Daytona)
    - can't tell 100% about the seats from the small photo but it kinda looks like the Daytona inserts seem flat adjacent to the seat panels
    - Black Mousehair looks new
    - 308 Radiator cap on the overflow tank
     
  4. f328nvl

    f328nvl Formula Junior

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    #4 f328nvl, Sep 16, 2007
    Last edited by a moderator: Sep 7, 2017
    The attached graphic shows the market for RHD 246 GT/GTS (screen prices) over the past 28 years in the UK Compiled from numerous primary sources over the past year or two. There's still data to be collated to fill out the full period, but a number of facts stand out from the full data set -

    1. The prices today are still below the 1989 boom, but not by much;

    2. The data on claimed mileages today suggests very strongly that there has been widespread misrepresentation - The mean hasn't risen for a decade and the variance is currently falling;

    3. The Foskers cars are the highest screen prices since the 1980s boom, and the highest priced cars actually never sold at those prices. They were sold in the early 1990s at a lot lower prices than they asked for in 1989;

    4. Cars International in Kensington had a 246GTS (MVB 320L) at various prices between £89,995 and £110,000 from Jan 07 to about July. It was sold at auction by H&H for £90,000 (exc buyers premium) the highest auction price since at least 1990.

    My view : If it looks like a bubble and it moves like a bubble, it's often a bubble.
    Image Unavailable, Please Login
     
  5. synchro

    synchro F1 Veteran

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    Yellow 1973 246 GTS for USD $215k

    http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&viewitem=&item=320158598276

    I was a bit surprized that the seller didn't mention that it was a European Version Dino



    Plus, dealers are now getting into them; a sign that these cars are being circled...or the end is near
     
  6. open roads

    open roads F1 Rookie

    Jan 28, 2007
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    The Dinos are above Boxers, and as beautiful as they are, there is something fundamentally wrong there IMO.
     
  7. Crawler

    Crawler F1 Veteran

    Jul 2, 2006
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    I'm not sure about that. It lacks the small front side marker lights, which could indicate that it's a US car that's had the big side marker lights surgically removed. Since there are no engine compartment shots, one can't say for sure...
     
  8. tx246

    tx246 F1 Veteran
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    i just returned from europe and picked up a couple of uk car magazines. in one of them, the comments made about dino's and the market are interesting, especially when it involoves the outfit that specializes in them, nick cartwright.
     
  9. Crawler

    Crawler F1 Veteran

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    Those were bigger dollars back in '89, allowing for 18 years of inflation.
     
  10. tx246

    tx246 F1 Veteran
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    based on the graph, i can clearly se the bubble effect in the 1989 region. however, it must be noted that the recent trends shown in your graph are different. there are far more cars and a consistent movement upwards. i wouldn't call that a bubble.

    forget that the value is what it is (or is it?). the grapgh you show doesn't provide any indication to me that a bubble effect has taken place. i would be interested to see this graph shown in relation to the aston martin db5 graph. i know they aren't comprabile cars, however, pricing trends in the db5 market are shocking over the last 3 years. even more so in the db6 market. i feel the aston's have long been under-valued, but the rise is greater than the dino.
     
  11. synchro

    synchro F1 Veteran

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    One fact that has current history diverging from the graphical "bubble history" theory is that Real End-Users are the people procuring the Dinos. Recently I've noticed that dealers have gotten into the fray and this could be the fact that turns the tables, depending on supply and demand.
     
  12. tx246

    tx246 F1 Veteran
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    yes, but the dealers don't have that much pull today. for the most part, a dealer advertised car is gone before the magazine makes it to publication and distribution. still end users are buying. the commenets made by the nick cartwright guys are very interesting.

    i am just curious to see what the falling dollar does to dino's here in the us. i suspect they will go for a boat ride very quickley.
     
  13. wise3

    wise3 Formula Junior

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    it's got Euro front parking lights and recess shape for the lights....
     
  14. nerodino

    nerodino Formula 3
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    Shaun, Can you enlighten us re these quotes from Cartwrights?
     
  15. tx246

    tx246 F1 Veteran
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    #15 tx246, Sep 22, 2007
    Last edited by a moderator: Sep 7, 2017
  16. synchro

    synchro F1 Veteran

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    +1
    Nice cars are getting impounded in collections or held on tightly. The "cars that are dogs" have been subject to full restorations and that is drying up what was once the lower end.

    The Dino does it all quite well; drives nicely with a GREAT power to weight ratio, is reliable and can be a concours contender in the vintage section.
    These can even be daily drivers, ask Corbani!
     
  17. f328nvl

    f328nvl Formula Junior

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    Sorry, the reason there are more data points now is that rebuilding the historic data is an ongoing (and incomplete) process - so don't draw any conclusion from the volumes.

    I agree that DB5 is going through the same thing (and DB4 more so than DB6) as is 365 GTB Daytona - it's a generational thing.

    jg
     
  18. tx246

    tx246 F1 Veteran
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    the volume isn't what i was referring to, it was the sharp spike versus the gradual rise
     
  19. tx246

    tx246 F1 Veteran
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  20. 410SA

    410SA F1 Veteran

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    I think the price is perfectly appropriate. Beaters are fetching $150K -$175K and need at least $75K to make them pristine.
    My pristine C&F GTS Dino can be had for $249,000 :)
     
  21. tx246

    tx246 F1 Veteran
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    i think given the market conditions, the devaluation of the $ amd the rarity of the dino with these options, we will all look back and critice oursleves for not having bought the car a year from now. however this statement may seem, i remember walking away from dino's and other cool ferrari's a year ago for far less than they are worth today.

    i am not saying that i think the us market is growing, but based on the weakening dollar and the growth in other markets, i feel most certain that there will be a high number of us spec cars (dino's or otherwise) leaving the usa
     
  22. synchro

    synchro F1 Veteran

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    In years past, the Dino was quite popular in the USA and UK, but not so in mainland Europe.
    Have things changed in the last 20 years?

    It would be great if we heard from some mainland Europeans on their impression of the Dino market attraction.
     
  23. greg246

    greg246 Two Time F1 World Champ
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    Dino's downunder in average condition are fetching US$200k all day long. A restored car sold for US$250k recently
     
  24. DinoDino

    DinoDino Karting

    Nov 20, 2004
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    The yellow Euro Dino is back on Ebay...buyer could not come up with money...
     
  25. sranderson

    sranderson Formula Junior

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    I thought as much considering neither left feedback for the other
     

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