GTO "Tribute" car

Discussion in 'Vintage (thru 365 GTC4)' started by 410SA, Aug 10, 2005.

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  1. 410SA

    410SA F1 Veteran

    Nov 2, 2003
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    I visited Family Classic Cars in San Juan Capistrano (familyclassiccars.com) and they have a remarkable Silver 250 GTO sitting on their floor. A really close look doesn't reveal anything untoward, and it has everything a real GTO has, including the GTE engine.
    It turns out the car was originally commissioned by an owner of a real GTO (ser. # 4115) from builder Bob Smith, and he raced the car for several years under the number of his original car. All of the parts except the coachwork are from donor 250's so everything is "Ferrari". The car is currently owned by a Hollywood Studio chief, quite appropriate as Hollywood sells dreams rather than reality.

    The asking price is huge for a fake, over $650,000, which is really only 5% of the value of a real one, but a huge number nevertheless. I know I couldn't park that car in my garage, at any price. What do you guys think?
     
  2. Horsefly

    Horsefly F1 Veteran

    May 14, 2002
    6,929
    Judging from ongoing F-chat logic, this would therefore be a REAL car. Other cars have non-original bodies, questionable chassis with no clear origin, and assorted vintage parts and they are heralded as being REAL.
    Yep,.....that's a real 250GTO.
     
  3. CMY

    CMY F1 World Champ

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    #3 CMY, Aug 10, 2005
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  4. writerguy

    writerguy F1 Veteran

    Sep 30, 2003
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    Bob Smith? Really I didn't know re did reproductions???? Any word on if that is the case???
     
  5. Tspringer

    Tspringer F1 Veteran

    Apr 11, 2002
    6,155
    Fantastic car!


    $650K ? Are they freaking CRAZY? Thats not only way off what I think market value for such a car would be, its absurd. I have seen other "duplicate" quality GTO replicas sell for between $150K and $275K.

    I will be shocked if that car sells for anywhere near that price.



    Terry
     
  6. Jack-the-lad

    Jack-the-lad Seven Time F1 World Champ
    Owner Silver Subscribed

    Let's see.......$650K for a genuine 275GTB/4, or $650K for a......REPLICA?
     
  7. 410SA

    410SA F1 Veteran

    Nov 2, 2003
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    My train of thought exactly
     
  8. Sfumato

    Sfumato F1 World Champ

    Nov 1, 2003
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    Actually may have more original parts than some real GTO's floating around. Arlie has no idea when he stumbles upon wisdom.
     
  9. Bill Sawyer

    Bill Sawyer Formula 3

    Feb 26, 2002
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    Georgia
  10. bostonmini

    bostonmini Formula 3

    Nov 8, 2003
    1,890
    Id prefer the one for 250K, bc id drive it! and they are ferrari parts..might as well have made a GTO; if the history of ur car matters, guess its not for u...
     
  11. judge4re

    judge4re F1 World Champ

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    Even a blind squirel finds a nut every now and then.
     
  12. Sfumato

    Sfumato F1 World Champ

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    #12 Sfumato, Aug 11, 2005
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  13. judge4re

    judge4re F1 World Champ

    Apr 26, 2003
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    Fchat needs a built in spell check...
     
  14. donv

    donv Two Time F1 World Champ
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    Jan 5, 2002
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    For that matter, for $650k you could get a 500 Superfast (1 of 36) with enough change left over to buy a 360CS or two for the track days.

    Or a 365 California (1 of 14)!

     
  15. tifosi12

    tifosi12 Four Time F1 World Champ
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    Oct 3, 2002
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    I wouldn't spend that amount of money on a reproduction, but they did a beautiful job.

    Given that a perfect reproduction was not able to meet the 300k reserve on ebay a while ago, I'd think the market is not willing to pay these amounts.
     
  16. Bryanp

    Bryanp F1 Rookie

    Aug 13, 2002
    3,822
    Santa Fe, NM
    even if it is true that all the assembled bits are from Ferraris, this would be deemed an "unauthorized rebody" of a Ferrari 250GTE under Rule 10 of the IAC/PFA concours rules and would therefore not qualify to be judged (as either a GTO or GTE); it could be in a "display only" class, however.
     
  17. Horsefly

    Horsefly F1 Veteran

    May 14, 2002
    6,929
    Interesting. You indicate that it would be an "unauthorized rebody" of a Ferrari 250GTE. What if the car in question was an "unauthorized rebody" of a frame that had no actual Ferrari identification marks or serial number stampings at all? What would the "officials" call that car, and how would they classify it? Wouldn't it basically just be a fake or a kit car built with some Ferrari parts?
     
  18. tifosi12

    tifosi12 Four Time F1 World Champ
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    Give it up Arlie. Same section, different thread for what you're getting at.
     
  19. Bryanp

    Bryanp F1 Rookie

    Aug 13, 2002
    3,822
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    I only research sports racers from the 1950s. There are more or less 10 places on such a car where various numbers are located that I would use to verify a car. The telaio plate is only one of them. I have no clue where such stampings or other identifiers are located on a Ferrari race car after 1960.

    While I understand the intention of rule 10, its application sometimes provides unhappy or unsatisfying results as in the case of the Breadvan technically not being eligible for class judging. At the very least, however, well-known cars such as the Breadvan, other Nembo and Fantuzzi re-bodies, and certain Meade creations should always be welcome w/ open arms for display.
     
  20. Davato

    Davato Guest

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    #20 Davato, Aug 11, 2005
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  21. CMY

    CMY F1 World Champ

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    http://www.ferrarichat.com/forum/showpost.php?p=134908230&postcount=7

     
  22. Tspringer

    Tspringer F1 Veteran

    Apr 11, 2002
    6,155
    Oh brother.

    If he does not want to sell, then why is the car consigned and advertised?

    Sure, you can vintage race it with groups like HSR, or other very loose organizations but they would also let you vintage race a 280Z based replica if you pay the entrace fee! Goodwood Revival? Monterey? Cavallino? Ferrari Historic Challenge? I think not. Why do you think the original owner sold it after his lie was discovered?

    Provenance? LOL! I am literally laughing my butt off at that one! Modern vintage race history, gained as the car was used under a LIE, is not "provenance".

    "Tribute" car? And that is different from "replica" in what way? A GTO replica built from a properly cut and modified GTE chassis is at least a real Ferrari. Its a rebodied GTE. This car has NO Ferrari serial number at all.

    There are a good number of GTO replicas built to just as high a standard by shops equally skilled and using the same quality and type of parts that can be purchased for 50% of this cars price.

    Hey, I am not knocking the car. I REALLY like the car. I would love to own one and if I did I would race it. But asking $650K for this car would be like me asking $450K for my Daytona simply because its a REALLY NEAT Daytona and I really like it. Thats all fine and dandy, but it does not change market reality.


    Terry
     
  23. Ed Niles

    Ed Niles Formula 3
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    Sep 7, 2004
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    This car was on "display only" at the Century City FCA show a few months ago. It is, indeed, gorgeous, but that having been said no different from several others of its ilk. $150k to $300k seems to be the market.
     
  24. rob lay

    rob lay Administrator
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    Poor destroyed GTE. :(
     
  25. Old Guy

    Old Guy Formula Junior
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    Dec 1, 2003
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    Terry and Rob,

    Well said; you're both exactly right.

    I'm always amused at the spin used to describe a fake, er, pardon me, a "tribute" car. (That's a new one for me. It's still a fake.)

    O.F.
     

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