Official 328 GTB/GTS Market Thread

Your post is pretty much it, but I think there's a small window for restored very low miles examples to reach $100k. Not a 2valve car or just any carb car. Glass cars $100k, steel dry sumps and euro 4valvoles in berlinetta configuration maybe $60k. Those and the extremely low miles 1989 gts gtb's are the ones with any chances of high dollar values. Maybe you're right, but I'm thinking my choices could reach those numbers in the future, but in impeccable condition.

 

Yes and no.

I would love to see the values shoot to the moon because I am an owner. On the other hand, not only will I never sell mine (hopefully I will never need to) I would also like to add another to my scuderia one day. If I am not selling and am looking to buy, I don't want them to be worth more.

I am not trying to be difficult with my posts. I just have been hearing this value increase forever and I am STILL waiting. Again, these beautiful little cars are actually going in the other direction and pretty much have been, kinda forever.

But either way, I win, so whatever...

 

I dont think anyone is going to retire on buying a 308 series car, however i do see them routienly getting to $100K or more in the next 5-10 years. I'm serious, it will not be all the cars - low miles, concours winners - but it will lift the market...

As for V-12 before 1980 - 365's and 400's - their time is coming.... their main problem is high cost of mtns, and lack of availibility of parts... so a the population goes down... prices will come up... but again for the very best. I dont see a frenzy like in the late 80's but a steady increase ...

 

Whilst i agree that the market price is determined by what a buyer is willing to pay, at the same time their is no sale without two parties agreeing to a price. So us owners still have a major stake in any potential future values. I feel that 3x8 prices will be effected by both sellers wanting to set a record price and sellers wanted to sell their car in a hurry, so the more these cars are purchased by owners that respect these cars with a passion as shown on this forum rhe more i can see future values will rise.
Whilst looking through a UK car magazine recently I noticed that there was significantly less 3x8s for sale than 3 or so years back also what was available looks like they have increased in value or asking prices depending on how you look at it.
i think they are a $100,000 car every day of the week. If you dont have one yet, buy soon is my advise.
I should also say, i am fine with a price rise or fall, but to make my point above a bit more clear, the price of the car is relative to what else you can buy in your country, i noticed that in the US you pay relatively little for your cars than other countries do, us Aussies get the rough end of the stick and pay way too much, so prices will vary significantly, but if brand, looks, comfort, pleasure and how it makes you feel can be quantified then any price is justified.

 

100K aussie $ or us $ ? what ever ...that puts things into perspective

and to add to that a little more ...

in Europe, US $ 40K only buys you 308-projects that need "everything" !

for US $ 50K you get a driver where nothing but a timing belt change has been done (if you are lucky)

for US $ 60K you will have a pretty reliable car with a major and that has been cared for

the asking prices for decent QVs have already reached 70K ...though turn over is slow

 

Ditto. I have no idea why Dino's are so expensive. There are MANY other things I would rather have than a nose bleed Dino or "3x8" car.

If the 308s and 328 get stupid in pricing, then ill just move on to something else.

... and I have had: a 208 and 308 GT4, 2 early carb 308's,( GTB) , late carb 308's, (GTS, 1) 2 Euro QV's ( a GTB and a GTS): 2 328's.

So i have put MY MONEY in the game and am not talking from a keyboard.

 

just to add to the discussion mix...

in Keith Martin on 'Collecting Ferrari', he mentions a brand new 1989 US 328 GTS selling with delivery miles (more or less) for something in the 60,000$ (if I remember correctly) around 2002. (Someone double check the book, haven't got it here...)

This car here:

Ferrari 328 GTS - AUTO SALON SINGEN

delivery miles, 150 miles/197km, 1989 ABS 328 GTS, Swiss car with cat, for sale today in Germany. I spoke to salesperson today and he said the owner wants at least 100,000 EUR for it... . Already turned down offers of 95,000 EUR

So, this gives an idea of market price evolution over last 10 years and seems to me that it is going up, but not Dino-stratospheric (yet?)

Cheers,
Frank

 

"Already turned down offers of 95,000 EUR"

I don't think I ever heard a car salesman not use this line. And then the car sits for another 6 months to a year.

I own a 308 QV and have been debating selling it. So keep up all the hype of them going up, because despite having 70K miles she is an excellent example. Yes, they should be riding the dino coattails and be in the $200K-$300K mark within a few . . .















million years.

 

Frank,

That car, as I have already posted in another thread, is chassis 83117, the next-to-last identified 328 produced (the very last one is 83136).
It was for sale for a few weeks on E-Bay for 110.000 euros, and then is now advertised by auto-salon Singen.
A similar 328, but a GTB, with exactly 150 delivery kilometres, chassis 82112, was sold in 2010 at F.A automobiles in Paris, but the amount of the sale is unknown to me.
There are a few 328, particulary 1989 cars, with only delivery miles that pops up from time to time.
But, aside from the mechanical consideration (what do they need to be ready to drive?) the truth is that these cars are time capsule, and their value comes from this.
As soon as you drive them, they will depreciate sharply: a 5.800 kms-only Azzuro GTB was for sale for 58.000 euros in August this year in Luxemburg, truly a beautiful car; which equates to a 10.000 euros depreciation per 1.000 kms...

Rgds

 

Obviously, some people speculated on the last few 328s and lost. The car was nearly 85K new so add 20+ years of money to keep it stored, insurance ect. and no gain = bad investment.

 

For the average post-carbed era 308 in good driver condition I expect 5%/yr. max appreciation over the next five to ten years, maybe a 10% bump up or down along the way. Really good examples will fetch more but not even in sight of enough to make you rich.

 

I guess you are right on the button...
I tried to do the maths quickly on this; at least for a french car, a '89 GTS was sold 440.000 francs in 1989 (this without any option, neither A/C nor ABS, etc...)
Guess what? With an inflation of 58,8% that gives: 106.500 euros today.
Perhaps the one that will propose 106.500 euros gets the deal? It can be adjusted with the price of the options, too...

Rgds

 

Yea - I think you hit on the main point... the purchase, mtns, and care will outweigh the overall cost recouped when one sells their car.

Dino's have hit the sweet spot... they are not that plenty - sexy car and were made when Mr. Ferrari was still kind of in control - at least partially paying attention to the road cars ... by 1975 he was fully out - only doing Chairman/CEO work for the company as a whole... road car responsbility was largely down to others by 1980.... althogh technically he was in control ... FIAT was really driving the boat.

My intuition says if 308-328;s get to $100K and you buy one - light restoration will cost $20 - 30K - it goes up for sale for $150... you might get your money back - maybe ... but that is what has happend to dino's - you dont really find many daily driven - forgotten Dino's ... they have all been restored at some point... question is quality of restoration.

 

I don't buy this Fiat thing at all. It's as much a canard as the "12 cyls are the only real Ferrari" obsession and the idea that "2+2 Ferraris aren't worth anything". Both disproved over time as older people harbouring these hackneyed notions have moved on.

As for production numbers, even over a 10 year production lifetime, 3x8s are low in comparison to 911s and E-Types.

 

For what its worth, Leyland-West just upped the Agreed Value for my '86 328 GTB to $52K based on current market value...

 

Just as of today the price just went up to $65,000
See, some of you are right, the value is rising and continue to do so.

 

Nice.

 

and overhere, you would not get a dollar less ...

 

Wow! I can't wait until tomorrow.

 

As a buyer of a 328gtb '89, I began looking for a few years. Of course I considered a gtb for a number of years along with all the cars we all should have purchased.

The time was coming and the search began. I missed a few along the way. However, when the right car came long there was no choice to make, I just set out to purchase it.

A fellow F-chat member and myself inspected and drove the car, the car was a sale as far as I was concerned.

After several back and forth telephone calls the car was mine.

Black/Black '89 328 gtb with under 9k miles. Drove it to the Bella in San Diego and took a 2nd, loosing to a 100pt. car. This was with no prep to speak of short of a wash.

Then up to the Concorso Italiano which brought me a platinum. It has been great fun and for me it is something I would not hesitate to do again, in fact I was 2 hrs. late to purchase another gtb. So it goes.

Selling price for my car was above $60k Feb. 2012. As far as I am concerned I am very, very lucky. I have two standing offers when I wish to sell and have been asked a handful of other times if I was interested in selling.

I would do it again in a heartbeat.

Just my experience.

Bob.

 

I'm not sure what there is to buy or not?

Its still a Ferrari anyway you look at it... the big deal is when the old man was "running things" to me that means when the old man was in charge they were skimping on things - and cutting as many corners as possible ... Fiat coming in - huge increaes in quality - especially in the 80's....

for me personally - there is something more intangible yet more valuable to have a car when the owner - the man who's name is on the car was still alive and there...

Enzo never saw a 348 or 355, 550, 458, 456, etc... but he saw Dino's 308's BB, Mondials, and Testarossa's... and the F40... daily.... to me that means a lot.

 

Damn. If the trend continues I won't be able to afford taking it out of the garage.

 

Henry Ford never saw a Mustang. I don't think that makes them less valuable. I won't pay more for a Ferrari because Enzo was sitting at his desk drinking coffee when my car was pushed out the back of the factory and loaded on a truck.

 

"I won't pay more for a Ferrari because Enzo was sitting at his desk drinking coffee when my car was pushed out the back of the factory and loaded on a truck."

And further, Enzo had no personal interest at all in Ferrari road cars. He made this clear in many interviews through the years. He was interested in racing. Selling road cars was a way to partially finance Ferrari's racing. It is nothing but fantasy to think that he had anything useful to contribute to Ferrari's road cars. Other people in the company were responsible for making them actually function as useable road cars and improving them as time went on.

I'm very happy that Enzo took no notice of his road cars; if he had, and they were made 'as Enzo intended,' our 3x8s would have all been broken down, rusted out hulks long ago...

 

A very rational take on things.

Ferraris are anything but rational though. The myth matters.