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1147GT on BringATrailer

Discussion in 'Vintage Ferrari Market' started by donv, Dec 30, 2016.

  1. donv

    donv Two Time F1 World Champ
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    Jan 5, 2002
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    Don
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  3. Marcel Massini

    Marcel Massini F1 World Champ
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    Mar 2, 2005
    15,937
    Original interior was beige.
    Delivered new in Switzerland. Was painted red in the 70's, while in the U.S.
    Fantasy Jct are asking $ 650 K.

    Marcel Massini
     
  4. donv

    donv Two Time F1 World Champ
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    I know, I know... I thought about lobbing in a $300k bid, but thought better about it.
     
  5. freestone

    freestone Formula Junior

    Feb 8, 2005
    412
    West Coast USA

    How much is a Massini report and what does it include?
     
  6. The Die

    The Die Rookie

    Aug 30, 2013
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    Greg Ledet
    Marcel, this is Greg Ledet. We had breakfast together with Michael this year in Columbus.

    Wasn't this car painted Red at one time? I think Sheehan sold it back in 2000 for $65k, and it was red on black.
     
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  8. Marcel Massini

    Marcel Massini F1 World Champ
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    Mar 2, 2005
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    All correct.

    Marcel Massini
     
  9. donv

    donv Two Time F1 World Champ
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    Not sold at $406k. Not surprising that it didn't go... I wonder if it's an indicator of the market. $600k+ seems high to me for a PF Coupe given the relative valuations of other cars in the marketplace, but I'm certainly no expert.

    I think using BaT was really just a way to increase the exposure of the car, similar to eBay listings for these sort of cars. And it does expose it to a pretty wide audience.
     
  10. amenasce

    amenasce Two Time F1 World Champ
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    Joe Mansion
    I think $600k+ would be for a freshly restored car no?
     
  11. freestone

    freestone Formula Junior

    Feb 8, 2005
    412
    West Coast USA
    An online auction is primarily marketing.

    1743 sold for $924,000 at Gooding last fall but it was restored.
     
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  13. 375+

    375+ F1 Veteran
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    Dec 28, 2005
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    It lost its drum brakes somewhere along the way, expensive to correct.
     
  14. John Vardanian

    John Vardanian F1 Rookie

    Jul 1, 2004
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    John Vardanian
    To say "to correct" is not entirely correct. Mind you, some drum brake cars were hacked, but many early cars (not just PF coupes) had factory or dealer conversions to disk. Usually, the conversion of the handbrake handle from dash mount to floor mount might indicate a professional conversion.

    The other thing is, you can't really tell what the gray car should be worth and compare it to other cars until (first) you look at it up close and (secondly) you know what you are looking at-- or looking for, for that matter.

    john
     
  15. 375+

    375+ F1 Veteran
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    Good points John, documentation/history might nail it down. I actually ended-up with a few bits and pieces of this car from a previous owner.
     
  16. Glassman

    Glassman F1 World Champ
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    406K for this car would have been a steal.
     
  17. donv

    donv Two Time F1 World Champ
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    Aren't disc brakes preferable if you actually want to drive the car?

    Although, I suppose driving the car is a silly notion!
     
  18. KenGoldman

    KenGoldman Formula Junior
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    May 25, 2009
    527
    MASS., USA
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    Kenneth Goldman
    I have a drum brake car---and I enjoy it as it is very similar to the TdF. The last owner, who had this car as well as a TdF kept telling me how similar both cars are.

    One must remember, when getting into one of the early cars, what you will be driving
    and not to expect things from a modern car.

    To me, this is great fun---and most enjoyable.

    Ken Goldman
     
  19. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Apr 28, 2003
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    Texas!
    Marcel, quick question if you don't mind. Around 2002/2003, I almost brought a 250 PF from a dealer in Costa Mesa - Garry Roberts maybe?. It was the first Ferrari imported into Japan, I believe by an Army captain. It had been painted white and had outboard spark plugs. Do you know the number of this car? I have somehow lost it.

    Thx, Dale
     
  20. thepinkumbrella

    thepinkumbrella F1 Veteran

    Feb 26, 2006
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    Paul Harris
    1637 GT, currently for sale in the Netherlands.
    The army captain was Captain John Malone of the 11th Tac. Recon Squadron.

    Paul
     
  21. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Apr 28, 2003
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    Texas!


    Thanks. Woulda coulda shoulda department. I could have brought it for $60k with the tool kit or $50k without. It had a lot of needs, so I passed. I'm guessing the car is worth a lot more today.


    Sent from my iPhone using Tapatalk
     
  22. thepinkumbrella

    thepinkumbrella F1 Veteran

    Feb 26, 2006
    5,770
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    Paul Harris
    Current asking price is EUR 795,000 (Ferrari 250 GT Pininfarina Coupé 1960 Grey | Ferrari | Collection | VSOC)

    Paul
     
  23. 375+

    375+ F1 Veteran
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    Is that the car with the BNIB never opened toolkit?
     
  24. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Texas!
    Wow, goes to show I sure can pick em, huh? $60k to over $800k in 15 years. Guess I blew that one. In fairness, the car had a lot of needs. It looked like someone used a house paint brush to paint it white. I bet somebody put over $200k-$300k into the car.

    Funny thing is of all the Ferraris we looked at, my son like it the best. I was intrigued, but decided to pass.
     
  25. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Apr 28, 2003
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    Texas!
    Memory is fuzzy, but all I recall is the toolkit looked like a POS. I wouldn't have used that junk on a bicycle. Funny thing is the toolkit freaked me out. I talked to Tom Shaughnessy about it, and he said he would pay $10k in a heartbeat. After all, a 250 toolkit was the same for a PF or a GTO. Apparently, most tool kits were stolen by dock workers as the cars came in. So if you have a multi-million dollar GTO, paying $20k for a crappy tool kit was chump change.

    Seriously, I took a $10k toolkit as a sign I was in over my head. Up until then I had restored old Triumph motorcycles and NOBODY would have ever paid that much money for an authentic toolkit. Looking back, my instincts were correct. My wife, who is a lot smarter than me, would have skinned me alive if I had put $200k-$300k into a crappy old car that didn't even have air conditioning. I'm glad somebody had the time and bucks to do it right because the car currently looks gorgeous. To me, cars (and motorcycles) are fun. I'm not in the business of making money on cars. So, to whoever restored this car, my hat's off to you. Great job.
     
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  26. donv

    donv Two Time F1 World Champ
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    Interestingly enough, 1147GT is still at Fantasy Junction 4 years later, asking price is down to $525k. $400k still seems right to me.
     

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