Official 308 GTB/GTS Market Thread

What kind of amateur do you take me for? I’ve been here since 2003.

I’m going to start a thread titled, ‘Why would anyone buy a GTS when GTBs are so much better?”

 

I suspect that many in this lower-mid end of the market are like me where a good chunk of their assets are in cars and we have spouses or partners who put up with engine parts in the kitchen and occasional parts bills because “these are good investments Honey.”
I for one am glad that my 308 can now cover 3 years of private schooling instead of 2 and that may well be its fate.

 

I don't buy them as investments, but it sure helps me convince my wife to let me buy more when I can show that I am buying smart.

 

You only need to know how much your car is worth if you are planning on selling it, or to insure it.

Back about 1988, I was offered almost $100K for my 308 that i have today, and paid $20K for in 1984. I obviously didn't sell it.

Some one could offer me $500K today for my 308, and i wouldn't sell it. *However*, if someone offed me $1 Mil, I would probably let it go 'cuz I could buy a storage building and a half dozen other cars I want with that million.....

I DO need to know how much it would cost to replace if something happened to it, though.

Doug

 

BaT
has the bubble burst?

1980 308 GTSi
High Bid USD $62,000 (Reserve Not Met)
https://bringatrailer.com/listing/1980-ferrari-308-gtsi-14/

1977 308 GTB
High Bid USD $56,500 (Reserve Not Met)
https://bringatrailer.com/listing/1977-ferrari-308-gtb-23/

 

The 1977 had a LOT of question marks i. e the oil gauge and clock were swaped.

 

Yes look at headlines we are headed for a downturn, man made always.

 

just wait till people see their may statements

 

I’d rather have something solid at this point. Betting there will be a recession, then we start a new cycle.

 

Sold my ‘86 328GTS with 31k mi, fully serviced, for $105k last month.

 

I like to see the 77 GTB with the old 14" wheels on it before the paint job. If you haven't seen the photo of the wheels, they look like you find them on some Juracic Park movie set...

 

yes, the 328's are doing better
there's one on BaT now . Current Bid: $166,000 ending within the hour
https://bringatrailer.com/listing/1986-ferrari-328-gtb-3/

 

I will be keeping my eyes open for couple cars i want. Not F-cars, other cars.

I did quite well in 2010/2011. Offered low ball bids, sellers said no, I left them my phone number. 4-6 weeks later, i got calls. They weren't perfect cars, they needed some finishing, but that wasn't a big deal.

Prices now on desirable American 1960s cars is ridiculous.

Doug

 

I just received this from Hagerty for my ‘78 GTS. Valid or not, I still smiled. I went through a “frustrated car not performing like it should because I’m an idiot” phase, but I’ve since pulled out of that nose dive.
Image Unavailable, Please Login

 

Not just F cars. It's across the market for all used cars.
Image Unavailable, Please Login

 

The GTBs were overbought to begin with. GTSi were less desired, relatively undervalued and they will lose less in case there is a market drop for the next couple of years. It's just a couple of thousand $ of downside if bought right. Buyers who overpaid due to the hype/emotion will feel the pinch.

Image Unavailable, Please Login

 

Full size pickup prices are crazy.

 

did anyone saw this FB offer?

https://www.facebook.com/groups/168512940025075/permalink/1917843181758700/

 

That sure seems like a "too good to be true" price.

 

If you look at the report I posted, SCM had 308 GTS QV average at $59K. So at $57K, this is not a screaming bargain if you dont compare it to the dumb money retail buyers on BaT. It could have a lot of deferred maintenance or some thing else going on.

 

Not sure where your report gets its numbers, but when I was looking last year, I couldn't find anything in that range, BaT or not. Maybe I was looking in all the wrong places. You're right, of course, that we don't really know what it needs.

 

This how I found my QV 16 years ago. This was the ads from the 2006 San Francisco Chronicle,
I Have 88,600 miles now.

Image Unavailable, Please Login

 

How things changed…. That add must have been watched by a 1/100 of what now a sale at BaT gets.maybe even a 1/1000

 

As you can see at the top of the page that you posted, SCM reports median values, not average. The numbers you see are not indicative of average values, they are the actual sales price at auction of the "middle" car over the period being reported on.

 

It was a scam post, so... too good to be true