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A few more asking prices from the "golden years"

Discussion in 'Vintage Ferrari Market' started by bannishg, Sep 9, 2012.

  1. John Vardanian

    John Vardanian F1 Rookie

    Jul 1, 2004
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    #251 John Vardanian, Dec 4, 2013
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  2. bannishg

    bannishg Formula Junior

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    Greg
    I'll certainly take a look-see and report the findings, no guarantees, as you are probably aware the likeliness that an ad discloses any sort of VIN goes down as you travel further and further into the past.

    And regarding the ad from 2002, it goes to show that you need not go too far into the past before you notice the excellent performance of these cars as investments, though you still had to be a somewhat wealthy person to take part. It certainly ran laps around silver and gold in most cases. I think this forum was around at the time, I wonder if there are any threads about the market in the archives from that era?
     
  3. bannishg

    bannishg Formula Junior

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    #253 bannishg, Dec 9, 2013
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    Allright, I was able to find your car being offered in the FML 32 and 1/2 years ago, it's the bottom ad. The car would later be repainted in red some time in the 90s. On that exact date $1 US translated to 0.5127 Sterling. Possibly there could be more, I'll continue to keep my eyes open. I know it was on the market again by someone in the deep south not long after this ad was published, somewhere between 1982-84 I believe.

    Greg
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  4. bannishg

    bannishg Formula Junior

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    #254 bannishg, Dec 9, 2013
    Last edited by a moderator: Sep 7, 2017
    Speak of the devil, here it is! Offered in the FML dt'd Aug. 27, 1983. I apologize I did not have time to crop and label the ad, but maybe you prefer it untouched anyway....
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  5. 275GTB

    275GTB Formula 3

    Jan 12, 2010
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    Hi Greg, thank you very much for this information, another piece of valuable history!

    Is it okay with you, if i post the advert and comments on my restoration thread on FChat, i would like to keep all the information together?

    Your adverts tie in perfectly with the history that i know.....

    1st owner: May 1965 - 1981 - Willy-Peter Daetwyler
    then on consignment with Bruce Craig Lavachek or was he an owner?
    2nd owner: 1981 - 1983 - Bill Locke
    then on consignment with Nostalgia Cars - Not sold
    then on consignment with Rittermark Porsche
    3rd owner: 1983 - 2004 - Henry E Payne III
    then on consignment with Michael Sheehan
    4th owner: 2004 - 2009 - Scott Stupay
    then on consignment with Autosport Designs - Not sold
    then entered in The RM Auction, Monetery
    5th owner: 2009 - present -myself Mark McCracken


    many thanks
    Mark
     
  6. Edward 96GTS

    Edward 96GTS F1 Rookie
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    what time frame was it loaded up with bondo?
     
  7. 275GTB

    275GTB Formula 3

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    Hi

    during 1983 - 2004 - somewhere in the restoration thread there is an email from the guy who actually done the work for the owner!

    Sorry don't want to derail this thread from its original purpose.

    thanks
    Mark
     
  8. bannishg

    bannishg Formula Junior

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    You don't need permission to re-post the ads in your blog, so go for it. I wouldn't say the topic was derailed either, one of my intentions in starting this thread was to provide information to researchers, historians and owners, as welll as the hope that others could share their ads and stories. A new batch of ads is all it takes to steer the topic back in the right direction if necessary....
     
  9. 275GTB

    275GTB Formula 3

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    Great job thanks Greg.
     
  10. 335s

    335s Formula Junior

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    this is MY FAVOURITE thread, by a mile...

    I can't even begin to recall anecdotes of some of the cars I've seen listed...Telephone numbers not remebered for 30-40 or more years!(old age!)
    this is a real stroll down memory lane for me-really incredible stuff...
    For example: 340 Mex in Lexington MA...as I recall...a number at MIT Lincoln Laboratory..I think?
    The guy across the corner from Franklin Park....jeez...Peter Sefarian told me about that car, along with a Family freind from Dedham/Milton...."some old junk Racing car...one of those "Italian playboy" cars...are you interested in that stuff? Sort of full sized electric trains, no?"
    Too much...keep it coming!
     
  11. davebuchner

    davebuchner Formula 3

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    Not as long ago as these other examples, but during my early working life. I have just been looking through a Classic Cars from June 1996 - in there is a fully restored 250 Lusso for $150 000.

    Also a vendor has a 1964 Aston DB5 and a 1990 Bentley Mulsanne for the same amount of GBP 31500. One is now worth about 20 x (?) more than the other.
     
  12. davebuchner

    davebuchner Formula 3

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    Without wanting to hijack the thread this same magazine also yielded some other interesting bits and pieces... 250 Europa GT - fully restored to concours at $135 000.

    Also the magazine had an advertorial for Lynx Motors - there was a shot of the workshop with Jaguar Lightweight PS1175 in for repairs (the one that Adrian Newey campaigns now). Also in the Lynx feature a picture of the Ecurie Ecosse transporter that sold at Bonhams in December.
     
  13. bannishg

    bannishg Formula Junior

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    #263 bannishg, Mar 15, 2014
    Last edited by a moderator: Sep 7, 2017
    You're not hijacking! Thx for sharing......

    Since you mentioned it here's some Jags....
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  14. Bobj

    Bobj Formula Junior

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    #265 Bobj, Jun 27, 2014
    Last edited by a moderator: Sep 7, 2017
    Don't know if 1989 counts as a golden year or not. Quite surprised by the relative pricing of the GTO which was not even really a classic then
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  15. Tenney

    Tenney F1 Rookie
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    First "bubble"?
     
  16. greg 19425

    greg 19425 Formula 3

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    Good price on the 507. :)
     
  17. bannishg

    bannishg Formula Junior

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    #272 bannishg, Jan 2, 2016
    Last edited by a moderator: Sep 7, 2017
    Here are some interesting bits on GTO prices in the low/mid 70s, The first article is from the Cleveland Plain Dealer from Oct 71, about Joe Kortan, outlining his car rental business, which featured GTO #3589. While he got the car back in March of that year for the bargain price of $6000, he stated that a comparable car would go for $28k new at the time. This presumably led Chuck Queener to erroneously state in the Sept 1973 FOC bulletin that he had subsequently sold it for the price of $28k. Joe actually held on to the car until 1986, when he got Dr. Evil's ransom (one million dollars!) for the car. It's also unlikely that 3851gt actually went for 30k, because I believe that car was the one that went to England for 7000PDS (under 20k US) over Summer 73.

    NOTE: I'll fry to get a more readable version of the 1st article up for all those interested.
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  18. energy88

    energy88 F1 World Champ
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    Perhaps the title of this thread should be changed to The Perfect Hindsight Thread!
     

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