Official 328 GTB/GTS Market Thread

History is just repeating. The same happened with the Mustangs. I'm out of them because it is now crazy for a every day man cheap car back then how much they sell for today. If I'm going to spend a lot of money on a car, I prefer to buy something I couldn't afford back then over a car I've had so many.

Dr Tommy you could be surprised how our cars hold up nice agains those Honda street fighter. Keep in mind our cars are stock and older than theirs.

 

"But let's be honest, the only thing about the 80's exotics that were for real were the looks."

Well, AT THE TIME, they were quite fast. For example, an 89 Corvette weighed more than a 328 and had less HP. Sure, NOW a 328 is a slow car but it wasn't slow in 1989. (true, it would have also been slow in 1969 but that's a different story)

 

In 1987 I bought a brand new Mustang GT convertible, it had 225 HP and it was the car to beat on the street. Find one and ask him to follow you on the highway at high speed and in curves. They were 5.0 liters and your 308 is only 3.0 liters. Our little Ferrari were impressive in their time like mike996 is saying.

 

Things will move, I believe the 246 is in a bubble but the Testarossa is going to climb, got to get into one of those in the next couple years before I miss the boat.

 

Why not?

 

It has half as many cylinders.


Strictly a personal preference but, as much as I love the Dino, the Daytona has always been a particular favorite of mine.

 

But out in the real world, a Dino is worth Daytona money. So what you think something is worth has little bearing on what it actually is worth... how the market acts is what matters.

 

Not a fan of the Dino, but check this out

1974 Ferrari Dino 246gts at F40 Motorsports in Portland, CT

Flares and Chairs or not, anyone who pays $450,000 for a Dino has a serious problem.

 

Value has little to do with these markets. It's not what it's worth. It's what someone is willing to pay. There is a difference.

 

Besides, two generations later, in today's market at least here in France, a 328 and a Testarossa are exactly in the same price brackets...
It means that you can get six testarossas (or 328, for that matter) for the price of one Dino = that makes 72 cylinders against six...
And a 550 and a 328 are in about the same price range, too...

The generation in the middle (between Daytona / Dino and Testarossa / 328) is the one where the price differential between a Boxer and a carbed 308 still values the "big one".

Rgds

 

WOW ! $450,000 for a Dino. All I can say is, any one sitting on the fence looking to pull the trigger on a 308 better do it soon before they are out of reach also.

 

"Value has little to do with these markets. It's not what it's worth. It's what someone is willing to pay. "

It's like the TV ads touting a product stating, "A 99 dollar value for only 29.95!" Someone quoting a "value" for something is just a marketing ploy. It's one of the first things you learn about marketing - make someone THINK they are getting a deal.

IMO, most of the talk about how 3x8s are rising notably in price is more about wishful thinking or a hope by owners that such talk will actually cause the prices to rise. Frankly, I don't see it. Sure, the natural reduction in the number of cars available over time will cause prices to increase somewhat but they are too many of them to have "rarity" be much of an issue.

There are several US muscle car models that are much rarer than 308s/28s. And not even considering those specific models, there are a LOT more people interested in owning a US muscle car than are interested in owning a Ferrari so even if there are more '69 Z28's (for example) than 328s, in the US I'll bet there are 20 people who would want a '69 Z28 compared to the number of people who would want a 328.

Note - I used the Z28 as an example; I don't want one. I'm a Mopar guy.

 

There is a direct correlation to what individuals will pay and market price.

Dino's are worth what they're fetching because that's what they're fetching. There is momentum and inertia in markets right now Dino's are hot. Will the trend be maintained? That's the 400 k question.

My little corner of the market thinks that the Daytona is the better buy but its a minority view.

 

That is the market

 

the Classic Ferrari Market is HOT ... and will drag older cars up ... 308's are the logical next ones to float like the Dino's did for the past 20 years.

the cars that will suffer next - 355 / 360's... they will decline to 308/ 328 territiory, as the collector car guys chew up 308, 328s... supply & demand. Predict a bubble burst in classics in 24 months, but when the dust settles Dino's will be $150 - 200K... and 308's will be up 15-20%... ready for the next cycle.

Enzo era v-12's are just going to be un touchable.. for under $200K ...forget anything with 2 doors and V-12 before 1980... only thing left.... 308 series cars.

 

Tom,

355s are already in 328 territory here (same bracket of prices) and are still declining.
Numbers of adds at any given time is about five fold (about 60 adds for 355s to ten to twelve for 328s).
360s are declining towards that same bracket fast (about 120 adds for 360s at any given time).
Numbers of cars built are playing indeed.

Rgds

 

How about this:


I have been hearing for a decade that the 308 value is going to go through the roof. It never has.

Never, ever has.


Put me down for it never will and let's just see how it goes.

 

That is exactly my thinking too for the bubble to burst and then stabilized market. I think each next model in the line will do the same depending on rareness and demand. Just my thoughts!

 

Good and solid 3*8's will go up in demand. It's head turner, reliable, "cheap" to run. It has to go up in value, there's no other way, but up and how much...? Who knows, but a solid example I can see going for a $100k in the future. Grab 'em when you should, before the next decade.

 

"Good and solid 3*8's will go up in demand. It's head turner, reliable, "cheap" to run. It has to go up in value, there's no other way, but up and how much...? Who knows, but a solid example I can see going for a $100k in the future. Grab 'em when you should, before the next decade."


- John Q. Smith, 308 owner and Fchat poster, Oct 2002.

 

I think you need to look at Daytona prices.

Dino's are not worth more - Daytona are hitting 600k .... If you can find a daytona at 400, it's dead...400k gets you a restored Dino and a gts....and a real topless Daytona is 1.5m

High tide raises all boats.

 

Lol.

Almost all thoughts take shape and reality, let's keep it up.

 

You may well be right. I was simply paraphrasing VIZSLA's remarks. I'm not following Daytona (or Dino) prices at all.

This high tide you speak of appears not to be doing much to keep the 355 or the 360 afloat.

 

Well, I had the same reaction and checked just to see; there are very few numbers for sale, but Daytonas seem to be on the 430/440.000 euros ballpark (??) excluding the very rare spiders, and Dinos at about 200.000 euros asked price, but according to the gossip etc, they actually trade for between 170 and 180.000...

355 have entered the "dark age" since about three years I would say, 360 are entering it now.

Ferraris are just like great Bordeaux wines, they have a "dark age" during which it is impossible to know what they will actually become...(the dark age is shorter for great Bordeaux...).

Rgds