Help! Need old ferrari selling prices from the past! | Page 2 | FerrariChat

Help! Need old ferrari selling prices from the past!

Discussion in 'Vintage Ferrari Market' started by bannishg, Oct 6, 2008.

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  1. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #26 bannishg, Oct 7, 2008
    Last edited: Oct 7, 2008
    I know it seems like I'm overdoing it, but again, I'm all caught up with work, in bed with a fever and I actually enjoy posting these:

    HMN Dec. 1986: 67 Ferrari 330GTC, 35000mi., recently restored: $37,500
    HMN Jan. 1976: 54 Ferrari 250 Europa (#0313EU), Partially Restored: $7,000
    HMN Feb. 1976: 50 Ferrari 195 Inter Ghia (#0113S), 40000km, good orig. cond.: $10,500
    HMN Oct. 1976: 57 Ferrari 500TRC, EX-NART, Concours: $28,000
    HMN Jul. 1977: 59 Maserati Birdcage, show car: $28,000 (GP SSR)
    HMN Sep. 1974: 59 Ferrari 250GT Pininfarina Coupe (#1281), Runs Good: $2,500
    HMN Dec. 1983: 71 Ferrari Daytona Spyder: $89,000 (Forristall)
    HMN Jul. 1972: 57 Ferrari 250GT Boano, restored, show-winner: $3,650
    HMN Nov. 1979: 67 Ferrari 275GTB/2 LN Alloy, very low miles: $38,500 (Thoroughbred)
    HMN Nov. 1979: 67 Ferrari 275GTB/4, excellent condition: $38,500 (Thoroughbred)
    HMN Jul. 1979: 60 Ferrari 250GT SWB California Spyder, Concours: $60,000 (Alex Dearborn)
    HMN Dec. 1980: 52 Ferrari 340 Mexico Coupe, Excellent Condition: $68,500
    HMN Jul. 1979: 62 Ferrari 250GT SWB Berlinetta, completely restored: $49,000 (FAF)
    HMN Jul. 1978: 66 Ferrari 275GTB/2 SN, mint condition: $18,500 firm
    HMN Jul. 1978: 59 Ferrari 250GT LWB California Spyder (#1215GT), Fully Restored: $24,000 (Kent Smith)
    HMN May 1978: 63 Ferrari 400SA Cabriolet, 100 point car: $49,500 (F. Sutherland)
    HMN February 1978: 63 Ferrari 250GTE 2+2 (#4201), Good Condition: $6,600
    HMN June 1978: 68 Ferrari 275GTB/4 (#10973), Concours: $29,800 (FAF)
    HMN June 1978: 65 Ferrari 330GT 2+2 (#6161), Needs Cosmetics: $5,000
    HMN June 1978: 56 Ferrari 510SA Ghia One-Off Speciale Coupe, 7600 Mi., Museum Piece: $65,000 (Wutke)
    HMN June 1978: 65 Ferrari 275GTB/2 SN (#6589), Concours: $19,800 (FAF)
    HMN June 1978: 65 Ferrari 275GTB/2 SN (#6721), Concours: $19,800 (FAF)
    HMN Dec. 1978: 66 Ferrari 275GTS (#7227), Excellent Original: $22,800 (FAF)
    HMN Feb. 1975: 56 Ferrari 250GT Boano (#0601), Restored: $5,900
    HMN May 1976: 69 Ferrari Daytona Coupe, Excellent: $14,500 (GP SSR)
    HMN June 1977: 70 Ferrari Daytona Coupe, Low Mileage: $23,000
    HMN February 1978: 71 Ferrari Daytona Coupe, Penske Blue, Immaculate: $25,900 (FAF)
    HMN December 1979: 73 Ferrari Daytona Spyder, Red/Tan, 26k Miles: $82,500 OBO (Larry Spatz)
    HMN February 1982: 55 Maserati 300S (#3056), completely original, used very little: $85,000
    HMN October 1984: 57 Ferrari 250GT Pininfarina Cabrio Series I, red/biscuit, concours: $62,500 (Brian Classic)
    HMN June 1982: 63 Ferrari 250GT/Lusso, Black/Tan, Borranis, Excellent: $28,000
    HMN June 1982: 56 Ferrari 250GT Boano (#0581), Vy Clean Orig., Gd. Cond.: $15,000 (Ed Long)
    HMN June 1982: 67 Ferrari 275GTB/4, Black/Black, 32000 Miles: $46,500 (Fantasy Junction)
    HMN June 1982: 65 Ferrari 400SA, Red/Tan, 23000 Miles, Excellent Throughout: $38,500 (Fantasy Junction)
    HMN February 1982: 66 Ferrari 275GTB/2 LN (#8933), Restored Show Car: $46,000
    HMN February 1982: 68 Ferrari 275GTB/4 (#10925), Needs Nothing: $52,500 (Schreiber)

    Some Porsches/BMWs:

    HMN Sep. 1978: 59 BMW 507 Roadster, 23000 orig. mi., both tops, mint: $18,500
    HMN Sep. 1978: 64 Porsche 904GTS Carrera, Mint Restored Condition: $27,500 OBO
    HMN Sep. 1978: 55 Porsche 550RS Spyder, excellent original with extras: $19,500 (Fantasy Junction)
    HMN Dec. 1978: 55 Porsche 550RS Spyder, Restored Show Car: $22,500 (The Stable Ltd.)
    HMN Dec. 1978: 56 Porsche 550RS Spyder, Complete and Original, needs full engine rebuild and interior cosmetics: $8,900
    HMN Jan. 1979: 66 Porsche 906 Bergspyder, Concours: $35,000

    Still more to come.....
    GB
     
  2. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    33,014
    Full Name:
    Joe Mansion
    This hurts..!
     
  3. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Hey, you're in the same boat as everyone else who had the means to buy those cars then but didn't, which is like 99% of today's collectors. It is in no way dissimilar the universal "baseball card story" that my father and anybody who grew up in the late '50s and early '60s bring up time and time again in conversations. My father amassed an impressive collection of baseball cards from that era, including those of Mickey Mantle, Yogi Berra, Jackie Robinson, Ted Williams, etc..... For all I know the portfolio could have potentially brought $100k today, considering he had about 2000 cards, most of which were given to him by older siblings or acquired from 5-cent chewing gum packs. Too bad my dad never picked up his room, because my frustrated grandmother trashed all of his cards (which were initially strewn around his room) in 1962, when he was 12. But again, they were mere tablets of cardboard at the time, I guarantee that nobody could have foresaw such a market. Nothing we can do now except whine and moan about another opportunity down the drain.

    A Few More:

    HMN Nov. 1971: 53 Ferrari 375MM Racing Roadster, Completely Restored: $9,000
    HMN Nov. 1971: 61 Ferrari 250GT PF Cabriolet Series II, Excellent Condition: $3,950
    HMN Nov. 1971: 66 Ferrari 330GT 2+2, Blaupunkt, Borranis, Mint: $5,100 OBO
    HMN Oct. 1970: 61 Ferrari 250GT SWB Berlinetta, Completely Restored, Very Low Mi. 1 Owner Car: $6,000
    HMN Feb. 1973: 32 Alfa Romeo 8C-2300 Roadster, Excellent Original Condition: $20,000
    HMN Mar. 1973: 66 AC Shelby Cobra 427 Roadster, Full Fact. Equip., The Finest Anywhere: $8,500
    HMN Jan. 1973: 31 Alfa Romeo 6C-1750 GS Drophead, 18000 orig. km, very good orig. cond.: $12,500
    HMN Jan. 1973: 58 Mercedes-Benz 300SL Roadster, Excellent Restored Cond.: $4,200
    HMN Jan. 1973: 58 Ferrari 250GT LWB California Spyder, aptly a California car, mint: $6,950 (Gephart)
    HMN Jul. 1972: 62 Ferrari 250GT PF Coupe, Show Car, Expensive New Silver Lacquer: $5,450 (Gephart)
    HMN Jun. 1973: 60 Ferrari 250GT LWB California Spyder, low mileage, all original components, beautiful show condition: $6,750 (Steve West, OH)
    HMN Jun. 1973: 63 Ferrari 330 America, borranis, good running condition: $3,250
    HMN Jun. 1973: 62 Ferrari 250 GTE 2+2, 18k orig. miles, the most mint example in the US: $7,500
    HMN Jun. 1973: 61 Ferrari 250GT PF Cabrio Series II, new paint, michelins, borranis: $6,900
    HMN Jun. 1973: 62 Ferrari 250GT PF Coupe, Fantastic: $7,000 OBO
    HMN Jun. 1973: 67 Ferrari 330GTC, Silver/Black, Excellent Original Condition: $9,500 (Gephart)
    HMN Jun. 1973: 70 Lamborghini Miura S, Brand New, Never Titled: $18,000 or trades (Dr. Art Burrichter)
     
  4. thecheddar

    thecheddar Formula 3

    Jun 29, 2006
    1,057
    Santa Monica
    Full Name:
    Cheddar, The
    I believe I worked there at the time that SWB was there -- I was a lot boy for a brief period and remember $90,000 (or thereabouts) as 'beyond a fortune'. I recall there being two 275 GTBs for sale at around the same time for around $70k.
     
  5. John Vardanian

    John Vardanian F1 Rookie

    Jul 1, 2004
    3,043
    San Francisco Area
    Full Name:
    John Vardanian
    It was a silver gray car that had just come from the Northwest. At the time we were in the market for our first ever house which was for that same price range as the SWB. I asked the salesman (B. Lawrence) naively, what exactly does the buyer of a car like this look like. He said you'd be surprised. He said he had sold cars to folks walking in with a brown bag full of cash. I believed him.

    john
     
  6. Tom LaPointe

    Tom LaPointe Karting

    Dec 29, 2005
    130
    Tampa, FL - Go Bucs!
    Full Name:
    Tom LaPointe
    I think some of these figures would equate to a 308 or 328 in 'today' dollars, but the exclusivity from the limited production numbers is gone as a result of mass production - I suspect that a GTS may never have the allure of a Daytona Spider.

    A LOT of people pay 30k-40k for a vehicle these days, but then, as now, Ferrari is not just about the cost of acquisition, but appropriate maintenance and upkeep. More importantly, it's about the passion for fine macchina. Viva Ferrari!
     
  7. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Good point, Testarossas (85-91) have been stuck in the 45k-70k range for quite some time, which is perhaps reflective of its 7000 production figure. Still, the F-40 at 500k (double its 1988 Sticker, but about the same as what people were paying for them at that time) could be an exception, with its 1300 production figure. Still, none of these modern Ferraris come with one-off production bodywork for the Shah of Iran, etc...........

    Also, notice that as Enzo got older and older, Ferrari models were being produced at higher and higher quantities. I take it he tried to keep production numbers low?
     
  8. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Anybody know of any more past 250GTO prices?
     
  9. dretceterini

    dretceterini F1 Veteran

    Apr 28, 2004
    7,289
    Etceterini Land
    Full Name:
    Dr.Stuart Schaller

    I remember one that was $9,000 in Road & Track circa 1970
     
  10. readplays

    readplays Formula 3

    Aug 22, 2008
    2,344
    New York City
    Full Name:
    Dave Powers
    1979 Ferrari 250MM (coupe) $79000
    1984/5 GTO $500000
    Both were purchases by friends. Have c/n's but don't want to post without their consent.
     
  11. readplays

    readplays Formula 3

    Aug 22, 2008
    2,344
    New York City
    Full Name:
    Dave Powers
    Yikes. Belay my last. I stand corrected.
    1979 Ferrari 250 MM (coupe) $26000. purchased then restored. restoration was $59000.
    1984/5 Ferrari GTO (62 body style) $500000.
     
  12. Randy Forbes

    Randy Forbes Formula Junior

    Jul 14, 2006
    741
    Sarasota, FL
    Full Name:
    Sports Cars Plus,LLC
    Look in R&T's classifieds from around 1970; Ed Niles (God love him), Frank Gallo & Basil Shadlun (sp?) were always turning 250 SWBs in the $3500.00 to $5000.00 range. Often offered with fresh paint and/or mechanicals.

    THOSE are the deals I'd like to go back and scoop up (but I wouldn't sell them at today's prices, I'd continue to use them on the street :) ).
     
  13. JazzyO

    JazzyO F1 World Champ

    Jan 14, 2007
    12,143
    The Netherlands
    Full Name:
    Onno
    Nice dream.


    Onno
     
  14. T308

    T308 Formula 3

    May 12, 2004
    1,008
    Southern Cal
    #39 T308, Oct 19, 2008
    Last edited by a moderator: Sep 7, 2017
    From R&T in October 1969. 37 years later a friend and I bought the GTE listed. It was in pieces and wrapped in newspaper from 1970!
    Image Unavailable, Please Login
     
  15. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #40 bannishg, Oct 20, 2008
    Last edited by a moderator: Sep 7, 2017
  16. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #41 bannishg, Oct 20, 2008
    Last edited by a moderator: Sep 7, 2017
  17. George J.

    George J. Formula Junior

    Apr 18, 2005
    540
    Bay area, CA
    Full Name:
    George J
    I looked at this car and the respray was pretty weak (silver). I passed on it and bought a 275 GTB/4 from European Auto Restoration for $60,000. I sold it a bit over a year later for $77,500 and bought a 166MM for $150,000. I sold it in '90 and bought the house I still live in.

    In the mid-sixties a friend bought one of the GTO's that Bev Spencer had for a little under $13k. He turned down $14.9m in '90 (I told him the market was too high, Ezo had already passed, too many speculators, and he should jump on it - as I did). He sold it a couple years later for under $4m.

    Around the same time ('66?) my dad looked at another GTO at Bev Spencer's, this one a '64 (probably no 5571). It was upstairs in very rough storage area and I remember when they pulled the cover off it, glistening dark red. I think the dollars were similar to the other one. Dad passed on it and bought a 330 GT 2+2 (family car). A coouple years later he bought a LWB Calif Spider for $6k, but sold it after a year or two because leaked like a siv (again $6k).

    I think I recall around '88 Ralph Lauren bought his GTO for $800k and thought it was a huge number, hah. Cheers, George
     
  18. BIGHORN

    BIGHORN In Memoriam

    Sep 18, 2006
    733
    FLORIDA/NEW MEXICO
    Full Name:
    JOHN F KELLY
    Horsefly is right. Some of my "bargain " purchases were market or above when I bought them. Examples 330GTS $9500, 275 GTB Long nose torque tube $13500, 1yr old Daytona $18500 (spuder for $1500 more), 330GTC $20000.

    I could have bought GTO prototype #2643 AND a 375 berlinetta for $80,000 but I thought it was too much and would have had to borrow the money.

    I think I know the guy that bought the $38000 GTO and he was being ridiculed for grossly overpayment.

    All of the above was a lot in the early 70s.
     
  19. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Was it sold in '76 for that price, or am I thinking of another GTO?
     
  20. Jeff Kennedy

    Jeff Kennedy F1 Veteran
    Owner Silver Subscribed

    Oct 16, 2007
    6,537
    Edwardsville, IL
    Full Name:
    Jeff Kennedy
    5909LM was bought by Bob Epstien in around 1976 or 1977 for $70,000. It had been restored by Griswold with a bill of $46,000. That set a new market top price. Bob sold it a couple of years later for about $120,000. For a period of time he had both the LM and GTO 4091.

    Jim Stollenwerk bought his GTO from his brother-in-law Chris Cord for about $40,000 in about 1976. That one was sold to Chris Murray for $320,000 in the early 1980s.

    Daytona spyders were sometimes considered less desirable than the coupes when new. There are stories of potential buyers being offered the spyder for the same price as the coupe.

    A friend of the family bought a 275GTS in about 1969 or 1970 from Steve Griswold. The owner had gone broke and the car had an outstanding repair bill with Steve's dealership. Art bought the car for under $4,000. Metallic gold. He later traded it straight across for a new Pantera and that overvalued the Ferrari at the time.

    Jeff
     
  21. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Thanks a million! Where did you find this info? I love reading about past transactions!

    Epstien bought his LM in August 1977, per the Barchetta.cc Registry
     
  22. Jeff Kennedy

    Jeff Kennedy F1 Veteran
    Owner Silver Subscribed

    Oct 16, 2007
    6,537
    Edwardsville, IL
    Full Name:
    Jeff Kennedy

    Knew all 3 of the people. Saw the Griswold restoration bill.

    Jeff
     
  23. Jeff Kennedy

    Jeff Kennedy F1 Veteran
    Owner Silver Subscribed

    Oct 16, 2007
    6,537
    Edwardsville, IL
    Full Name:
    Jeff Kennedy
    1521GT, 1959 TdF Interim, was sold from Bob Bodin to Karl Dedolph in 1979/1980 for $90,000.

    Jeff
     
  24. Ashman

    Ashman Three Time F1 World Champ
    Owner Silver Subscribed

    Sep 5, 2002
    31,629
    MA
    Full Name:
    John
    Two personal examples from the Boston area in the early/mid 70's:

    A guy who was a regular at the Alfa Owners Club showed up at one of our shows at the Lars Andersen museum circa 1977 with a gorgeous silver 250 GT SWB that he bought a couple of years earlier from a financially distressed seller (who needed cash yesterday) for what he had in his checking account at the time, $3,500. I still have the pictures I took, with the license plate "Va Bene", and he did!

    Circa 1976, a college pal of mine in Boston (with an entirely different economic status than I) wondering how he could talk his dad into buying a Lusso for him that was for sale for $8,000.

    In those poverty stricken college days, $2,000 for a 4 year old Triumph TR250 and then four years later $1,700 for an Alfa 1750 Berlina were all I could swing for transportation, so even those Ferrari prices were a bit on the unreal side for me then.
     
  25. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #50 bannishg, Oct 20, 2008
    Last edited by a moderator: Sep 7, 2017
    Great Posts, everyone! Keep 'em coming!

    I wish I had some stories, but I was too young to use a toilet let alone drive and/or finance a Ferrari during those times. I do, however, have some more old ads:

    All are From Hemmings Motor News (Began in 1954 to cater to Ford/Chevy enthusiasts, but became a very popular marketplace among Ferrari collectors by the early-mid '70s):

    1.) May 1976
    2.) May 1984
    3.) June 1973
    4.) July 1976
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