New member asking for your help

I have a friend who is looking to sell her late husbands 1974 GT4/2+2. The car is in flawless, garage kept condition, and has had recent $10,000 dealer service to keep it pristene. The car is one of only 2 sent to Germany that year for Power Convertable conversion. The car is Red, with a Perfect White leather interior.
The engine was updated in 1983 to a new V-12 Fuelie, and has 5,000 miles on it, and 24,000 total on the odometer. It has always been garage kept, and looks showroom fresh. The only defects seen/ minor scratch around the glove box lock/ the two clear frosted lenses in front have slight cracking. The car starts right up, and runs strong. A/C blows cold.New Michilens have 95% tread left.
I will ad pictures as soon as possible. I ASSUME the non-original engine will knock the value down, and I don't know the desirability of a factory Vert conversion.
Can you guys help give me a ballpark range? Jeff

 

I would guesstimate around $25-30,000. Depends on the quality of the convertible conversion, etc. Pictures would be great.

Aidan

 

Try this for starters......mind you, these are 'asking' price indices.

http://www.dennigcars.org/ferrari_market_value.htm

I would think a signif. decline from orig. w/carbed motor replaced w/FI.

 

"The engine was updated in 1983 to a new V-12 Fuelie"
Which model Ferrari did the V12 come out of? Would love to see pictures of a V12 in a GT4.

 

I have been told a 400I. I will update with pics today.

 

http://s160.photobucket.com/albums/t196/big2bird/Ferrari/

 

Brian, the 365 is sometimes left off the GT4. When you think about it the two cars have about the same desigination. The 365 makes a big difference. It's like the Simpsons when Homer is in the back of the truck looking thru the small holes of the cow costume he is wearing and see laughter house, a moment latter (as he gets closer) he looks again and see the missing part of the name. He now looks and reads slaughter house! One letter can make a slight difference .

 

Nice looking car, I've never seen a convertible conversion with such a low folded roof and that hard tonneau looks pretty cool. Do you have any pictures with the top up?

As to value, it's hard to say but the highest value will result if there is the documentation as to who did the engine swap, the convertible conversion and then of course the history of the car and its condition. If the recent $10,000 dealer service is supported by detailed docs (what did it cover?), and the tires are new then I could see this car in the $35K area. The non-standard engine is probably a slight deduction in value since the carbs tend to be more valued than the fuel injection but the offset is that if the engine truly does have only 5,000 miles on it since the rebuild (or I guess possibly new since it was installed in 1983) and has been maintained, I'd say it might balance out the deduction for not being standard. Of course, as for any Ferrari, especially a 35 year old one that has had major work in the engine replacement and convertible conversion, the value drops quickly if any of the claims don't prove out.

 

i was just going to say...hmm..rear 400 lights, 400 engine, 400 front?? hmmmmmmmmmmmmmm,,,,what the hell is that 365gt4 plaque doing in that engine bay!! lol...or do the 365 have the two lights in the back??

 

If you look in the photobucket pictures, you will see the German nameplate rivited to the fender well to the right of the Vin plate.
As for the engine, it was installed prior to the 1991 purchase date. It appears to be a crate engine, and not a rebuild.
As for the service 100 miles/1 year ago by Ferrari of La Habra:
All new belts
All new oil lines
All brakes replaced
All shocks replaced
All fuel lines replaced
New Clutch installed
New lamps in dash
New MSD electronic ignition
Lo Jack added
New Michelin tires
New plugs
Passed Ca Smog
Battery disconnect added
New Battery
A/C repaired and serviced.

We are still combing thru the records, so stay tuned.

 

Beats me. Still doing research. The rear lights are date coded 1976.

 

The convertible conversion looks very nicely done indeed. The car does seem to be more 400 than 365, but still very nice though non-original.

Aidan

 

Which raises the question of what is the title status? Clean? Not salvage for a car that was built up from a wreck?

 

Late 365 GT/4s have 400 style taillights. The one thing (besides the the vin tag) that gives away that it is a 365 is the knock offs.

By the way, is the original engine still around?

Regards,

Art S.

 

Unfortunately, it is long gone. Other than the maintenance files since 1991, the pictures show it all.

 

A picture of it with the top up would be nice.

 

Looks like 400 wheel spinners too,well for Aussie and Euro they should be triple eared.

 

My Aussie register says 76/77 changeover to 400,any other clues....interim?

 

Simon,

Late 365 GT/4 2+2s had 400 style taillights.

I was unaware that Ferrari continued with splined hubs in Australia for the 400 series. As far as I knew, they switched over to lug nuts for the 400s everywhere.

Regards,

Art S.

 

YOU,RE RIGHT ART,my bad.Looked up an article that confirms you but does mention the lights changing to twins for the 400.S