Strong money for a 328GTB | FerrariChat

Strong money for a 328GTB

Discussion in '308/328' started by lopena, Aug 31, 2023.

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  1. lopena

    lopena Formula Junior
    Rossa Subscribed

    Nov 3, 2003
    760
    A very nice, Platinum-level red/tan ‘87 328GTB with 24,000 miles just sold for $152,000 on Bring-a-Trailer.

    Alan
    N.J.
     
  2. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,257
    what wld the equivalent GTS have gone for, like for like?
     
  3. sherpa23

    sherpa23 F1 World Champ
    Owner Rossa Subscribed

    May 28, 2003
    10,013
    Rocky Mountains
    Full Name:
    Bastuna
    $36,500. :D :D :D
     
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  4. lopena

    lopena Formula Junior
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    Nov 3, 2003
    760
    Since there are 3 or 4 (5 or 6?) GTS’s to every GTB I would think an equivalent GTS would sell at a 10 to 20% discount to a GTB. So, $120-135k, in my opinion.

    Alan
    N.J.
     
  5. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,836
    Houston, TX
    Full Name:
    Michael Foertsch
    For the quality of that car, I thought it was extremely well bought. I inspected the car in person and wrote a long comment on it.
     
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  6. versamil

    versamil Formula 3
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    Apr 28, 2013
    1,228
    Gaston, Oregon
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    Brian Healy
    Sometimes a person has to use their judgment on superlatives applied to cars by dealers. Maybe the car IS a Platinum level car, maybe it isn't. I bought an 11,000 mile 328GTB from the same dealership that listed this car on BAT and they didn't bother to disclose the hood was thoroughly BROKEN at the hood stay. I really inspected the pictures and asked about the slight bulge in the hood, and they said the tubing at the hood stay was "slightly cracked". Baloney- it was completely broken. Dealers DO like to "sell around" defects. When I see too many superlatives describing a 24,000 mile car, I get suspicious. I bought a 3000 mile car from BAT that could be described as like new or Platinum- but it's 34 years old and has the same issues that a 100,000 mile car would have- rotten foam, old hoses. Let the buyer beware- Caveat emptor.
     
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  7. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,836
    Houston, TX
    Full Name:
    Michael Foertsch
    I don't have any interest, financial or otherwise, in this particular car. I just happened to be at the dealer a couple of days ago and took a long look at it. I wrote a long comment about it on the BaT listing. It really is that good of a car, at least cosmetically. But that's my opinion.

    I also didn't drive it. Maybe there was an issue there, but I doubt it.
     
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  8. lopena

    lopena Formula Junior
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    Nov 3, 2003
    760
    One thing that struck me about the gorgeous BaT 328GTB was it’s less-than-stellar mechanical history. According to the service records it had an extended period of rough-running complaints (1993-1995) along with other issues including leaking head gaskets (which required engine removal in 2013), faulty ignition module (2014), bad alternator (2015), transaxle leak (2016) and paint work on the rear bumper (2004).

    Now, none of these things are deal-breakers, especially considering the car is 35 years old. Just don’t expect a classic car to be trouble-free even if it’s in superb cosmetic condition.

    Alan
    N.J.
     
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  9. bertrand328

    bertrand328 Formula 3

    Jun 1, 2015
    1,626
    France
    Full Name:
    Bertrand

    To my own registry I think there were 2153 US spec GTS built and only 135 US GTB so around 16 GTS to every GTB
     
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  10. lopena

    lopena Formula Junior
    Rossa Subscribed

    Nov 3, 2003
    760
    Wow…I didn’t know the ratio was that lopsided.

    I blame Magnum P.I.

    The ratio would certainly be lower if you look at total world production since the GTB was much more popular in Europe than it was in the U.S.

    Thanks, Bertrand.
     
  11. Skippr1999

    Skippr1999 F1 Rookie
    Silver Subscribed

    Dec 22, 2009
    4,516
    There were around 1,600 in the World originally.
    I’ve heard there are approximately 80 left in the United States of America at this point
     
  12. bertrand328

    bertrand328 Formula 3

    Jun 1, 2015
    1,626
    France
    Full Name:
    Bertrand

    I still prefer GTB over GTS because the design but it's matter os taste.
    I also used to owned a GTS and especially in hot climates, 328 with top off is a very pleasant car to drive and put a big smile on your face when you are under the sterring wheel
     
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  13. bertrand328

    bertrand328 Formula 3

    Jun 1, 2015
    1,626
    France
    Full Name:
    Bertrand
    1600 of what ?
     
  14. Skippr1999

    Skippr1999 F1 Rookie
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    Dec 22, 2009
    4,516
    328 GTBs. I think it was closer to 1,300 actually.
     
  15. Skippr1999

    Skippr1999 F1 Rookie
    Silver Subscribed

    Dec 22, 2009
    4,516
    My GTB has A/C that actually works. That’s really nice on a hot day too.
     
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  16. versamil

    versamil Formula 3
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    Apr 28, 2013
    1,228
    Gaston, Oregon
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    Brian Healy
    After Lopena above mentioned the service history of this car, I did a quick scan of the service history. Engine was removed TWICE for head gasket repair. HUH? Ten years apart. So this car has had a major surgery TWICE, in it's semi low mileage. From the perspective of a former shop owner and current owner of three- 328's, that's NOT a good sign. Every time an engine comes out of a car, a mechanic is entrusted to do a good job and reassemble the car perfectly. Not ALL dealer mechanics are great- so every time a major job is done, it's a gamble. They're also racing against frankly unreasonable flat rate times that make quality work a challenge.

    My 328GTB AC also works pretty well. Maybe on a high 90's day with the sun coming in the windshield, it gets a little uncomfortable, but I don't drive it on scorching hot days. MY AC is still running R-12 and will for as long as I own it. There is ZERO reason to retrofit these cars.
     
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  17. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
    19,257
    doh!
     
  18. lopena

    lopena Formula Junior
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    Nov 3, 2003
    760
    Word to the wise: when you’re looking at a car on BaT and you see a large collection of service records don’t just think: “that’s great…the car comes with full service records!”.

    Take the time to read every invoice and look for red flags.
     
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  19. lagunacc

    lagunacc F1 Rookie
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    Aug 24, 2013
    4,427
  20. Zeus

    Zeus Formula 3
    Silver Subscribed

    Apr 28, 2007
    1,237
    Palm Beach/Boston
    Full Name:
    Lawrence
    Generally speaking, what you suggest is impossible. Not every service invoice is posted on BaT, typically just the last few. Case in point, one of my cars is about to be listed. I've owned it for 34 years and have every service invoice. However, as only the last 3 will be posted in the gallery there is no way for a prospective buyer to review any of 40 or so other invoices unless they personally come to view the car.
     
  21. lopena

    lopena Formula Junior
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    Nov 3, 2003
    760
    What I suggested was to read every invoice that’s been posted on BaT…that’s how we discovered the above 328GTB had its engine on the garage floor twice.

    Obviously you can’t review invoices that haven’t been posted, but you should read every single one that’s available.
     
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  22. versamil

    versamil Formula 3
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    Apr 28, 2013
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    Brian Healy
    when you're spending 150K for a car on BAT and the invoices are there, a person needs to study each one, note the mileage and what was done. Invoices for oil changes from thirty years ago- who cares, but when the engine is removed and head gaskets changed- If I bought a car and this little tid bit was omitted from all the hype about a car being the best they'd ever seen- I'd be pissed. Taking the heads off of a low mileage car TWICE, is almost something that should have been mentioned in the verbiage of the ad. BUT that doesn't sound good- does it?

    Anyone listing a car on BAT and they have invoices for a MAJOR item like an engine out- heads off job- they owe it to the potential buyer to disclose it whether it was done recently or in 1993 and again in 2013
     
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  23. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,083
    FRANCE
    Total production is 1.344 GTBs to 6.068 GTSs, according to the factory figures.
    And ONE factory-produced 328 Cabriolet.

    Rgds
     
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  24. Sergio Tavares

    Sergio Tavares Formula 3

    Nov 15, 2018
    1,308
    Full Name:
    Sergio Tavares
    Thank You, I see the excited bids were why it was so high
     
  25. Skippr1999

    Skippr1999 F1 Rookie
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    Dec 22, 2009
    4,516
    Image Unavailable, Please Login
     
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