$$$ Value of a 1963 250 GTE?

A fair offer would be to let me purchase it... ;-)

Congrats on the opportunity! I'd have sweaty palms if I was in your shoes!

 

This might give you some indication

http://www.sportscarmarket.com/profiles/2005/July/Ferrari/index.html

Pricing data throughout the page and at the bottom.

 

If you pass, then you are an ass....

 

I found one but the cost is higger i think
http://www.heritageclassics.com/ferrari/63sil250gte4/Page.html

 

A "fair offer" is probably 40k. It's worth that in parts alone (just ask Tom Shaughnessy).

As a driver, it's probably worth that-- pay $40k for it, put $60k into it and you'll probably only be $10-20k under water-- not bad as these things go. That's assuming you want it as a nice driver.

 

Sight unseen, $30k - $55k.

The body repairs will be expensive to do right (probobly a similar quote to the purchase price). However, with some selective patchwork, you will have a fun driver for very cheap!

Good Luck,

Art S.

PS. Go to www.tomyang.com and you will get much more detailed info - the '60s 2+2 guys live there.

 

The motor alone is worth 25-35K.

 

A fair offer is whatever the two parties to the transaction THINK is fair and can agree on. It also depends on whether you're a potential owner/conservator of the car for what it is, or are only interested in flipping it (no judgement of either aim implied). It's hard to imagine that anyone who has title to a vintage Ferrari these days hasn't done ten minutes worth of research on the Net to awscertain its value, or doesn't know someone else who will. So I'll be astonished if your $10k offer is accepted.

The engine alone is safely worth $20k as stated earlier, and I'm sure any of the well-respected brokers in our community would have between three and six ready buyers well north of $40k.

Let us know what happens.

 

Oh..and Tom's site may be found at www.tomyang.net

 

FAR too many 250GTEs are being turned into replicars. Someone please save and restore this car!

 

Thanks for the correction Dave, it must have been late when I wrote that.

Regards,

Art S.

 

Actually, this car is a replica, built from a GTO.

 

Paint and rust repair on this car, if we use my slightly rusty Dino as an example, could run well past $25K.

I spent $8K+ on rust repair alone.

Bare metal re-spray was another $15K.

It's a VERY NICE job, but I easily could have spent more.

So, make her an offer. If she takes the $10K, you're in a sure fire, no lose position.

DM

 

Funny enough, I have a slightly different viewpoint on this - I've found that a transaction is most likely fair when both parties think that they got a raw deal. If both parties think they got a fair deal, then one of the parties probably got screwed, but doesn't know any better! ;^) LOL!

 

To DM's point, he's right - the 1960s PF bodied cars, even if only moderately rusty can run way over $25k to do correctly, meaning getting the rust hiding under the lead work, those notorious double floor sections, and the rockers. WAY over $25k. So factor that into your buying decisions/ post-sale plans.

 

I like it. This is my experience as well.

My business partner just bought a nice 330GT from an estate in Salt Lake City. Paid $20k for a nice solid body car with a rebuilt motor and a noisy gearbox (which grenaded on the way home to California).

 

Well ,at least he could coast downhill the rest of the way to the ocean...
$20K? I guess he was still happy then? Really?

A sleeper or no competition for the deal or did he have an inside track to the family....? Not trying to be nosy, just trying to imagine the scenario where an expensive car like that could be obtained for that money....


A Divorce sale would have way more "bad karma" than the estate situation, they were obviously thru enjoying it, in that case..

 

Yep, honest injun. The estate was asking $25k. No competition for the deal apparently. The car was at a shop that does Jag V-12s and they did the engine, so there may be some doubt about the goodness of the rebuild. But the car was apparently very straight, original (black) paint maybe, worn interior. I did not see the car, but my partner has a 365 GTC, and a bunch of other good cars and he knows his stuff. I did see a couple of dozen pictures and it appeared to be a good car. They're still out there.

 

That's crazy! Thanks, I'll keep looking then!

I guess you have to spot it in the inventory, between the furniture and the fine china....LOL!

 

Keep looking. By the time it hits the internet it's too late.

I bought my 330 GT by calling a guy up and asking him if he wanted to sell it. I (luckily) caught him just as he was getting married and was opening a restaurant. I also knew what he had paid for it the year previously. He made a little on the car and I got it for a good price.