Six figure 355's on the horizon?

If you look at prices, particularily for 360s and 430's the sticks fetch a 15-20% premium.
Lots/most of new car buyers like paddles because it makes the driving easier and they like the paper speed specs.

Used ferrari buyers have different criteria. Some of the reasons appear to be that since no used ferrari is ultimate performance anymore, they are bought more for the weekend fun to drive category. Here a stick is rated by many if not most as a more viceral drivign experience. Also as cars age they need maintanance, rightly or wropingly the added complexity of F1 seems to be an additional expense waiting to happen, for what many regard as a less involved drivign experience on street.

 

I have a Challenge Stradale which has paddles. It's more visceral than any gated 355. The cost to fix the F1 is something I can buy into being a negative, but paddles are just as visceral experience IMHO, just different. Also the people that will be paying 6 figures in the future will be older and have backs that begin to hurt when pushing a clutch.

 

I think in the future, just like now, you will have people who prefer either gated or F1.

I don't think it will have anything to do with pushing a clutch pedal however. If that's the case bring on the budget Duesenbergs!

 

Kinda hard to reach 6 figures when the guys who think the car is going to reach 6 figures arent interested in selling and the ones on the market are being sold by guys who can care less and are happy with $60-80k. F1 Moving was one of the few to step up to the plate asking 90k and his car was in very good condition with upgrades and fresh service.

Who wants to step up to the plate and ask more than that?

 

I could list mine at $1 million and see how many bites I get...

 

I think fair market value for a fully sorted car with good compression/leak down results and no stories is in the 70k region right now. I think when the cars dipped below 50, a lot were bought by people who don't understand what goes into maintaining them. What I've found in the cars I've looked at so far is pretty terrible. Seems like the previous owners want to drink champagne but are on a beer budget.

I do agree however that the pricing for the 355's is on the upswing.

 

I think I would take a hard look at trading for 997.2 tt. Don't see the money there right now but the interesting thing is ours is looking up and the 997 is only coming down.

 

I think the two will cross paths in value over the next year or two barring any unforeseen economic turmoil.

 

Those don't really do anything for me. 993 makes me drool though!

 

I have. 105k for a pristine, completely flawless car with numerous costly upgrades. We'll see what happens. It's a tricky price point.

I didn't realize only 1000 F1 355s were made.

 

Tim has just shown that breathing smoggy air south of the border hasn't killed ALL his brain cells - or maybe he just started with more.

 

So what you're saying is I shouldn't paint my 355 any color but Yellow?

 

I looked at the market slightly differently. When I think 308, I didn't include 208's and 328's, even still I stand corrected that there were more "308's" than F355's. Further, I didn't even consider the 308 vs 308QV as equivalent due to the 4v engine, however I concede the point that there are more 308's than 355's. I think my bias was due to the number of years in production, the number of units available for a given sub-model, and not fully appreciating the variety of 308 variants. Taking all the 308 variants, over the 10 years in production, the 21,864 units of the 308 vs the F355's 11,341 units over 5 years of production shows that production had only increased a subtle amount from 2186.4 units per year for the 308 class and 2268.2 for the F355.

Thanks for showing me the numbers... I didn't realize that it was that close (or that I was wrong).

 

Mark,

I wasn't showing these numbers to prove anyone wrong or right. I just thought it would be helpful to see the comparison. All Ferrari's are low production when compared to any model by Porsche, BMW, etc.

Some people would consider the 308 / 208 separately from the 328.
Others would separate the 348 from the F355.

But both of these sets were built with many similar parts, dimensions, and body shapes. Where to draw the line? Engines?

If people combine numbers for the 308 with 328, it probably makes sense to add 348 to F355 production.

People normally separate the 550 and 575 production numbers although both are also of a similar group...

No wrong answer as long as it is relative.

Robb

 

Thats because 80% of the 360's and 430's were F1's and the stick is rare . that is not the case with 355's it was the other way around.

 

Really nice Spider I stumbled upon by accident:

1999 FERRARI F355 EXTREMELY RARE CONCOURS WINNER

 

That color belongs on a Camry.

 

You bet.

 

Production numbers are only one aspect of what makes a car desirable to the collector. It's also important as to when. Collectors favor the first and last. Early glass and steel 308 and last year QVs are now commanding higher prices. With 355 I guess it's the 95s which are unique in themselves, and the late 99 manuals which will command the money. I'm betting the 95 will be the most sought after example for a couple of reasons: dual intakes, simpler electronics, and no immobilizer. But their time is still a ways off. Also consider that when you talk of a 6 figure price on a 355 you are still well below MSRP. With the 355 you need a 6 figure number that starts with a 2.

 

In the UK asking prices are now approaching the original MSRP.

They were around £90k-100k when new and there are several above £80k now.

Also there appears to be no preference at all when it comes to year, colour, or gearbox in terms of value.

Here in Oz they are not even close.
An Oz delivered car with my spec would have been re $330k new, but would only be maybe $120-150k now.

 

That is because they are not being purchased by collectors yet. 355s are still "just cars" bought to be driven for the most part.

As was said previously, those who have well sorted cars that might command higher prices are not yet ready to sell them. On the other hand, there are those of us who have owned 308s for a long time who are now bringing them out because of the current market conditions. 6 mounts ago I was not considering sale of my 308. Today, while still on the fence, I'm leaning towards selling. Depends on where the market heads this spring/summer. My 355? no interest in selling that at all.

 

Fair enough. But why have prices risen there by more than 50% in the last four years?

And again, no particular colour, year, model, or gearbox seems to be driving the increase.

 

To illustrate my point, out of the top five highest priced 355s in the UK right now, 4 of them have the F1 box, two of them are yellow (in fact the top two), and not one of them is a '95.

 

Great to learn that, Steve. Unfortunately, stick fanatics don't usually listen to the science.

Kind regards,

Nuno.