Sometimes you just need a little spark to kick a market off. This is how Robert Coucher finishes his columm in Octane Magazine issue 212 Warm Regards to all Julio Image Unavailable, Please Login
BaT sale 1985 Ferrari 308 GTS Quattrovalvole 40,000 miles Winning Bid USD $73,500 https://bringatrailer.com/listing/1985-ferrari-308-gts-quattrovalvole-14/
Found my perfect 3x8 Great color and history and euro Looks sooooooo good Debating adding it Image Unavailable, Please Login
I got my 308 GTS QV late last year and hadn’t driven one before the deal was done. It’s a total joy to drive and does everything better than I was expecting. Such a wonderfully engaging little car. It sits alongside my Stradale, which has been getting a lot less use lately…
The 308 is an amazing driver and a relatively bulletproof Ferrari to own. If you own a modern Ferrari, the 308 is a must have. The gated shift and the amazing high revving engine producing incredible sounds. I even love the smell of the car. The pure sports car feel of no power steering or power brakes adds to the enjoyment. The modern Ferraris have gotten so big. The 308 is tiny in comparison. Which is great too.
Very nice and correct example to benchmark the market https://collectingcars.com/for-sale/1977-ferrari-308-gtb Regards!
Where exactly does Hagerty get their values from for their valuation tool? It's way out of whack when I compare the US site vs. the Canadian site. Left is Hagerty.ca - and I was very surprised at the results (it's in Canadian funds). Right is Hagerty.com in USD$ !??!?! - I hope you can see the values in the screenshot - either way - the graph should be identical. As a potential buyer, I like the graph on the left Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
You probably need to ask Hagerty how they value cars, but I know between their insurance business and their expertise, they seem to have a decent handle on it. There is actually good correlation between the US and CA graphs. When I scale the CA graph by the exchange rate and then overlay the two, it's very close (CA tinted to have pink curves). There was a blip of difference in May 2020 and then a big change from Sept 2021-Jan 2022, but otherwise I see close correlation. I would not be surprised if the recent differences are driven by economic trends in the US versus CA. Image Unavailable, Please Login
Hi - Hagerty collect the selling prices from public auctions and consolidate them into their valuation tools
I'm still confused. US#1 car = $125,000 USD CND#1 car = $97,500 CAD = $77,124 USD. (Hagerty.ca expresses their valuation tool in Canadian funds.) That's quite the delta. Technically they should be the same and have been in the past when factoring in exchange. Which one is correct is the better question. I'm trying to price a car that's located in Canada, and the asking price doesn't line up with either of these evaluations.
There is good correlation except for blips in May 2020 and a big trend change at the end of 2021. The end of 2021 data is what is being used to give the point values you are quoting above. I don't have an explanation for that but I suspect recent economic trends are responsible. I am sure someone at Hagerty could explain if you could get in contact with the right person. As a start, I'd look at their data for other classic cars +/- 10 years in age. Is there a similar change at the end of 2021? Is it a general market effect, or is it specific to the 308 or Ferrari? Lots of ways to decode this a bit further if you are truly curious.
well - I ran the report again... different values this time for CAD. Now it aligns with the US chart Image Unavailable, Please Login
RM /Sothebys Auction Feb. 22 Paris The Petitjean Collection estimates: + fees 1987 Ferrari 328 GTS $ 55,000 - $ 70,000 USD| Offered Without Reserve 1978 Ferrari 308 GTB $ 70,000 - $ 90,000 USD| Offered Without Reserve 1984 Ferrari 308 GTB Quattrovalvole $ 45,500 - $ 70,000 USD | Offered Without Reserve 1978 Ferrari 308 GTS $ 70,000 - $ 90,000 USD | Offered Without Reserve 1986 Ferrari GTB Turbo $ 40,000 - $ 55,000 USD| Offered Without Reserve 1979 Ferrari 308 GTS $ 70,000 - $ 90,000 USD | Offered Without Reserve 1975 Ferrari Dino 208 GT4 $ 40,000 - $ 55,000 USD | Offered Without Reserve 1975 Ferrari Dino 308 GT4 $ 45,500 - $ 70,000 USD | Offered Without Reserve 1977 Ferrari 308 GTB 'Vetroresina' $ 85,000 - $ 125,000 USD | Offered Without Reserve 1982 Ferrari 308 GTSi 'Project' needs complete restoration $ 55,000 - $ 80,000 USD | Offered Without Reserve More info with pics and other Ferraris https://rmsothebys.com/en/home/lots/pa22
Maybe this was discussed already, however, the Hagerty values aren’t created so that comparisons can be made from one country to another. My understanding is these values are what these cars are actually selling for within each country. Sales at Dealers, Auctions and between individuals are used.
Another site that tracks prices and listings in the market - I hadn't seen this before https://www.classic.com/m/ferrari/308/gtb/
