what to do with a 67' 330 GTS with low mileage

Didn't mean to scare you off…..

If I may, where is the car located?

 

schlegele,

Apparently it's the 5th 330GTS made. It was originally sold through Chinetti in 1967.

Its difficult to tell what condition the car is in from the close-up picture of the chassis plate, but if is not too rusty and still has its original paint, it may be rather desirable to revive it and just freshen it in its present condition. This is because there is a trend toward original condition.

Unless the car is a complete disaster, it should be worth north of $1.5 million. No matter what you want to do with the car, I'd reach out to Tom Yang Tom Yang's Ferrari Restoration Site. He will do a good job educating and advising you regarding whatever you decide to do with the car.

Regards,

Art S.

 

Bookmarking...

 

If you don't need the cash, hold onto it as is. It's only going up in value. You could put it on a trailer and take it to major events and be a star, people love barn finds.

 

Correct me if I'm wrong Wayne but money spent on restoration is unlikely to be entirely recouped on sale. Not only does an un restored car have particular value but it's often the case that the buyer of a restored car feels the need to redo some of what's been restored.

Thanks for sharing a fascinating find.

 

Tom S. will be all over this in 3……2…..



Seriously, the pics of the hood, interior, dash, etc. that were up before you took them down certainly attest to what Wayne is saying above. A car is original only once. Anybody with the funds can make it new again.

 

Or Wayne C. for his TV show.....................

 

Schlegele,

Current market trends favor originality. You may actually get the most for the car as it sits -a barn/garage find. If your intention is to sell, you will likely do best by selling it untouched, as is - probably at a high end auction.

Personally, I'd get it running (by someone who really knows what they are doing) and enjoy it for a while before selling it. Who know's you might like it!

Regards

Art S.

 

Schlegele, where are you located? And if yours is a different location than your father/mother, where are/were they located?

 

If it has been in the family since 1969 it probably owes them $5,000 !! $300,000 should restore it and still be able to retain some of the patina. So the answer to his question is that there is no downside. Only will he make $300k more by leaving it untouched and unserviceable? Either way there is $1m + to bank !

 

I'm sure it is painted as the body wouldn't be the colour it is now if it wasn't, but to my eyes the body looks like its in bare metal in your picture.

 

Looks like it was prepped for paint and work stopped.

 

TO me that looks like a very patina'd shade of silver or light blue...

 

Wow, I want it.

 

Notorious for Asymmetry..Ferrari would never of had bare metal without bondo showing..
does look like a metal press just clicked those fenders out...but we know its hand hammered.
This is going to be a heck of a thread!
auction it for charity and it'll hit 5 million.

 

where is the car located?

dry climate, southwest, or humid, northeast/midwest……?

 

True, but it sounds like he was talking about reassembly and mechanical work to get it running and driving, not cosmetic restoration. I think that reassembly would actually increase value, as it would show that the car is complete and not missing some hard-to-find parts. As long as done by a professional who wouldn't damage it in the process (e.g., spin a bearing in the engine by not dropping the pan and completely replacing the sludge with fresh oil before starting), I think that getting it running/driving would also increase value.

 

When in 1978 I bought my 1967 365GTC speciale - a 330 with a factory-installed Typ 245 engine installed - the speedo/odometer was busted and kilometrage stuck at approx 11,000km; Chinetti installed a sound but 'pre-owned' instrument with about 6K km on the odometer. Not at all unusual in those days.

 

Why did your dad take it (or have it taken) apart? Was it really being prepped for paint?

I tend to agree with the school of thought that, given it's in the middle of work, getting it running and completed would help the value. If it was running/driving when parked, then leaving it untouched would be the way to go, but if it was a partially completed restoration project when parked, then I would think finishing it would be better.

Are partially completed restoration projects selling for more than running/driving cars?