288 GTO current trading prices...

I dont think any are trading hands rightnow.

 

Last car that I personally know traded back in January at 750K. I believe there are a number of cars in the UK with asks around 250K GBP right now which is 375 - but you can add 100K to that to Federalize etc. The never been titled thing I'd say is scary - you need to be very careful that you can title a GTO it would be pretty unamusing to end up with a half million plus car that you can only drive on the street. I'd also question how it has 5K kms without ever being titled - I assume its been run on Dealer plates?

I'd say 550 would be a reasonably sensible price for a US car that's all sorted - that's back to 2006 price levels. There is plenty to worry about on a GTO and I would advise a very thorough inspection. For instance I'm six+ months into trying to sort out a wastegate problem. Try buying a wastegate for a GTO and you'll find that you can't - people hoard the parts and then you're screwed or in fact you have to send it to a little guy in Italy to fabricate a new diaphram since no one in the US will fabricate it if they find out its going onto a Ferrari GTO...

Awesome car though - its sublime on the road, damping is great and it goes like stink.

 

"Never been titled" should set alarm bells ringing for a USA-resident buyer. In combination with a car that has not received its EPA & DOT releases within the mandated time frame subsequent to entry into the USA, you have a car that cannot be registered. There are several GTO that reside in the USA today that do not posses EPA & DOT releases, including one that was imported for show purposes only and another that came in as a race car. Granted everyone does not have the same goals in the ownership of a motorcar, but you really have to know what you're getting into, relative to what your options and plans for the car are.

Personally I find them to be tough little cars when properly cared for, and Dan Im sorry your waste-gate issues have gone on as long as they have. Let me know if I can help as I do have some good contacts. It had better be ready by August '09!

As for tbakowsky's question as to "what are 288 GTOs trading for?", the straightforward answer would be that they trade within a broad range, depending on provenance, mileage, condition, etc. Dan360 has suggested some numbers that are sufficient for the purposes of this discussion.

 

Dan

On waste gate, originality aside, replacing waste gate with another unit is a non issue.
Any competent race shop can do it. They can also do it so it can be put back to original without leaving a trace.

I can also point you to a shop that can exactly duplicate any part existent.

www.oddparts.net

After market waste gates:

http://www.jegs.com/p/Turbonetics/757356/10002/-1


Cheers

 

Thanks for those links - we were going down the replace the wastegate with a non-original one avenue when we found the guy in Italy to do it. Interestingly in considering other parts we found that there are also NO F40 wastegates available either...

 

Tom,

Can you share any other details about the car? Is it in Canada?

If so, I would think prices need to be in line with the European market - any number much higher and a potential buyer will be tempted to just import one themselves (at least to Canada with our 15 year rule, N/A to US buyers). Of course, as Mr. Sackey pointed out, condition is unique to each car and is much broader than just "All service has been done by Ferrari dealer"...

Thanks!

 

Gentlemen:

Lets establish that the $500k - $550k price level was a 2007 number, rather than a 2006 number...

As if to illustrate the point, the first time a 288 GTO breached the $500k benchmark in a recorded sale in recent times was when the ex-Luigi Bruzio chassis number 57701 crossed the block at the RM Maranello sale on the 20th of May 2007. Its worth noting this particular car's chassis number because this wasn't just any old GTO. It was a truly as-new car showing just 1233 kilometers (750-ish miles) on the clock. Completely unmolested and meticulously maintained, not even a radio had been installed since it left the works in 1985. Even so there were those who were stunned when it sold for $590,788 including premiums (call it $530k without the fees). Attached below is an image of 57701 in the process of achieving that very sale. Despite all Rob Myers' arm-waving (!), $530k was all the money for the best car money could buy at that point.

Subsequent to that sale, the floodgates opened and there were a few sales that occurred that I am aware of in the $650k zone later in 2007 (such as 58335), including the $750k car that Dan speaks of (56761) which actually sold in August of 2007, and 1 other car that changed hands with a "7" as the first number in the spring of 2008. Another as-new car was involved in a 2008 'horse-trading' deal that valued it at $900k but thats not even reality for comparison. Then as economic woes set in, in the summer of 2008 we have seen several cars priced reasonably in the UK for $400k - $600k. Which brings us to where we are now I think.

Looking in the rear-view mirror, in 2005 a well-known GTO owner insisted on paying $288k for an excellent car he bought (the seller agreed!), and a well-known broker sold 54321 for $300k. That same year I was offered 55711 for $275k and it remained unsold for 3 or 4 months. The Karr GTO Rob refers to (58339) was at the higher end of that market, and fittingly so, as it was an award winner for a reason.

Its worth noting too that in addition to the fact that GTOs have huge disparities in condition, mileage and provenance, they are also the rarest road-going Ferrari Supercar built, with few ever available in a given year, and therefore its difficult to establish a fixed value in any given period. There are simply not many of them that trade, so each transaction seems to be the 'new' level.

Just for kicks I know a man who is on F-Chat who paid the equivalent of $150k for his 288 GTO. He still has it....

Hope some of this is useful.
Image Unavailable, Please Login

 

If it came to Canada new; it could not be titled here for street use. One owner who also owned a 308 had a interesting solution to the problem...
15 years later the slate is wiped clean!
CH

 

Does that mean that a more than 15 year old Ferrari can come to Canada and get titled for street use?

 

A reasonable guess for year 1 or 2, but not for the mid-90s. At any rate neither is correct in this instance...

 

DM18: Have you ever had the chance to go see the one for sale by SPS Automotive Performance in Hong Kong? It appears to be a superb car and I wish you could see it and offer your comments.

3,560km (2,212 miles), its chassis number 57691. For what its worth, last they corresponded the least they would take was 500k Eu (I have no affiliation).

 

Actually a couple 'traded' at $200k even. Wayne S posted he let his go for $225k...

 

Don't know how useful this is to you guys but I noticed today that MarkShannon.net (via Octane Magazine) are advertising a 288GTO at £325,000

Ex Eddie Irvine - B1GTO

 

http://www.autosportdesigns.com/Sales/Index.aspx


there is one in here for sale...seems higher mileage, still desireable...some PO had a good time..

Is That the real gas Cap??

 

Yes. The horsie moves to the side and it has a key hole to lock it in there. Lock it at your peril, because unlocking it again is pretty difficult.

 

You can have the 288! I'll take this!

http://www.autosportdesigns.com/Sales/Salesphotos.aspx?ID=1624

 

It can certainly be a bit tricky!!

 

My 288 has excellent history, no accidents, very well documented, no accidents, and 6000km. It is EPA DOT and California BAR certified/approved .......whatever.

I am in Canada, and I imported the car from the US owner under our "over 15 years old" rule so it was ridiculously simple to get it on the orad here.


I recently had two USA purchasers inquire, and offer to buy the car based on our conversations / emailed pics.....$575K and $600k repsectively...however, like i told them....I will cut off my arm to sell for food before I sell my 288GTO !

just figures submitted from recent experience of past 60 days.

Carlo