1977 GTB $68,500 36k Miles - Wayne Carini

The most annoying thing is that i found out how the fiberglass 308`s was priced compared to metal 308`s just a few days after the car was sold

It was for sale quite a while as well

Another special 308 that was for sale for a okay price here to was a Koenig 308 but that sold rather quick
The best looking Koenig Ferrari ever made by Koenig i think
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The days of $35,000 glass 308 are over. The only 308 that is in that price range is the 'i' model, and I'm not talking about the QV.

-F

 

Great looking car...

 

Steve, I would normally agree with you on this point. However, let's remember that Ferrari was Forced to put this stuff on the car. It is not part of the original design.

 

I always keep the parts but there is a point in a car's value curve where function prevails over purity.

 

If my #20405 is worth that kind of money, I can finish painting it and give it a tune up!!

1976 steel 308GTB

 

I just had an owner of (at least) a 575, and 430 ask me, today, if I knew of any nice 308/328's for sale. They are coming into their own.

George

 

Don't burn them all. To register a car in California, we need all this stuff.

They're all slow. Please leave them stock.

 

Ultra clean and 100% correct, low milers fetch good money(and sit unsold for a while, which can be a good lever on the price for people jumping into one. Clean drivers can still be had for a decent deal. I've been looking long enough to know, and I'm not looking at 2Vi's whatsoever - I don't want something that's only marginally faster than my current F-car..

Steve King's '77GTB appeared to be clean, very well maintained, and could (should) have been mine (fell well within my budget, long story why it's not in my garage). Another F-chatter (very) recently had his '83QV Rosso on Nero up for $30K, looked good, 70K miles - but he decided not to sell afterall.


Why does everyone care so much about the values going up? It's like a pissing match. Who cares, enjoy the cars, drive them hard, wear them out, restore them and start the process all over again.

 

Always interesting to watch (tv show) when WC brings car to auction re price estimates; "not the right buyer" "wrong crowd" "too late (at nite)" "time to let it go" "good home" "on to the next one" and so on.....much optimism tempered with market reality.....still hit a home run with the 190sl Amelia last year. But isn't that always the case? we ALL want to sell for more and buy for less....great entertainment!

Jack

 

I was referring to the cars on his lot. ie: The real world.

 

I think even the days of $30,000 basket case glass 308 are gone.

-F

 

100% agree.. but steel cars on the other hand..

 

Steel carb'ed 308 will be next. More specifically, steel, carb'ed GTB's.

-F

 

1977 steel carbed non cats ;-), they are all GTB's.

 

Except for the GT4s.

 

Yeah, and I could have bought Google for $500 a share a few years ago, but I didn't.

I think that $1100 a share today is a crazy high price, but that what buyers are paying.

That's how markets work.

 

yep, and Apple shares hit $700... they dropped to $385.. now they're bouncing around just over $500..

I don't think your stock comparison works with 308 values.

 

Absolutely it does. What something sold for yesterday can have no influence on what it sells for tomorrow. Just because fiberglass 308s were the same price as steel cars 20 years or even 5 years ago doesn't mean they will continue that track. Likewise, just because they are 2x steel cars today doesn't mean that they won't go to 3x or 10x or drop to the same as steel cars in the future. Markets dictate prices of goods (and stocks).

 

Recently, a particular euro gtb dry sump steel car changed hands privately for well over 120 that still needs to be put together. As hard as it is to believe for some, reality bites at times.

For me to part with my glass car I need 200 - if Dino's are fetching 300, the 308 glass is a much improved driving car, and low production and only fibreglass car Ferrari made make it the next one to hit.

I predict the gt/4 will firm up on price and see 35k as a floor as opposed to a ceiling.

Hurry up and buy your carb 8 while you can, God isn't making anymore of them

 

I know little of the 3x8 cars but why wouldnt a last of the line 328 be most valuable since they were continually improved?

 

Because if you want a carb car, your choices are limited.

Later 308s and all 328s are FI

 

GTBs are rare in the USA. There are very few at any given time up fow sale to choose from (many times none available). I myself was presented with an offer within the last 2 weeks for my 308 gtb qv in the 70k range from a serious buyer. I did turn it down as I would rather have the car than the money at the moment. Wayne is not hurting for money so he can wait for the right buyer. 70k in this day and age is not big money for wealthy car collectors.

 

You're the second person I've heard this week talk about offers for a 308 GTB QV in the $70k range. And as with your story, the other person was dealing with a collector.

Here's what's happening. Wealthy collectors are now eyeing the 308 and 328 as something to collect. And when Dino's are $350,000, and Boxer's are $250,000 and F40's are pushing past $600,000, a $40,000 308 or 328 that's in nice condition doesn't make sense anymore.

Get 'em while you can. They aren't getting any cheaper.

-F

 

I can only speak personally, but two factors weighed heaviliy when I selected the 308 over the 328. 1.) They are both old cars now and the comparative performance/reliability differences are now small. In the past, 30 hp was a big deal. 2.) The 328 takes the first step toward electric controls. The 308 was the last of the mechanical breed. It is my opinion that the 308 interior is the pinnacle of Ferrari interior design.