© 2020 MOTORSPORT NETWORK. All rights reserved.
Sign up to receive latest updates for Ferrari News, Threads, and Classifieds
Discussion in 'Vintage Ferrari Market' started by Bob Zambelli, Apr 5, 2017.
What are low mileage GTEs bringing nowadays?
Not for me, just curious.
Ferrari market letter has the GTE asking price as $388,037 down from $414,190 in sept 2016.
I'm not familiar with the methodology but I guess that's for an average car, or an average of reported sales.
Not sure how relevant low mileage is to a 1960's car but a reportadly "super nice" example 4139 GT went at RM Paris for just over $500,000.
Offer prices in Europe vary greatly as does condition of the cars but the better ones like 4043 at Hexagon is offered at $555,000 and 3945 at Gipi for $500,000. These are of course offer side prices and i can't see bids and both cars have been on sale for a while. If you want to keep up, a subscription to the 250 GTE register and news letter is money well spent, IMHO.
Does anyone have info on how high GTE prices peaked in 1989?
I don't think they were much over $100k. When I bought my 365GT in 1993, the owner told me how he had turned down a $110k offer back in 1989 (as I was paying less than half that), and in those days all the 2+2s sold for similar amounts.
Nice 330 America here traded $412,500
1963 Ferrari 330 America 2+2 by Pininfarina | Amelia Island 2017 | RM Sotheby's
Would love a 330 America...
Shouldn't these types of discussions be in "Vintage Ferrari Market" section ?
Right you are.
A good car, matching, certified is 450k Euro in the EU.
I'll have to dig out the 1989 FMLs, but I have a July 1992 issue which has an article titled "Highs and Lows" where it lists the highest API for each model and indicates the process started in 1990. For the GTE, the highest was $149,948. The asking price index in the January 1990 issue was $149,743.
Thank you. That is in line with my memory.
Adjusting for inflation, that should put the peak price of GTEs at ~$300k.
I can slightly understand that price for a 330 2+2 Series 2, especially with air conditioning, power steering and a 5-speed. It's very drivable in today's traffic. The GTE, or even 330 America, is less usable on a daily basis. Or just feels older.
I can't wait to see what happens next!
Hmm, I always thought all Ferrari 2+2s, just like their 2-seater (non-race) siblings, regardless of engine size or equipment level were also designed & intended for Grand Touring rather than daily commuter traffic, but with additional seating for 2 more passengers ?
OTOH, if that daily commuting included some nice extended open highway stretches, I could see the point.
All of these are 2+2s, which has a why I'm comparing them.
My point was simply that the GTE feels like an old car. But I suppose some would prefer that.
But I still don't understand a 50% increase (or whatever) over 1989 peak values.
I couldn't agree more with what Matt is saying. I really wanted a 2+2 to be able to take the family out. To me, the 330 GT S2 was the perfect balance between being old enough to retain the true vintage feel (being extremely simple and (suprisingly) lightweight) -- while being new enough in terms of having a lot of power, 5-speed and relative comfort so that it is a car you want to drive and enjoy driving and it still has the power you expect from a Ferrari. Also, to me, it is one of my favorite body designs. I really like the understated looks of it a lot. One thing I'm split on is the hanging pedals on the S2. I kind of like the idea of the older floorboard pedals (that the 330 GT S1 and all earlier cars have) for more of a vintage feel, but I haven't driven an S1 330, so I don't know if I would really end up preferring them for driving.
Perhaps I misunderstood. I meant highway traffic, not bumper-to-bumper city traffic. The GTE isn't light and has only some 230 horsepower.
Shall we re-name this thread "I think my 330 2+2 should be worth more than a GTE: discuss"?
I currently own a 330 2+2 S1 and if you were to compare a GTE and a similar 330 the GTEs are definitely more valuable.
Let's hope GTE values hold steady because I just bought this one on Saturday! Ex-Peter Sellers S/N 3481GT
Image Unavailable, Please Login
You did well, it's a beauty.
Nice, RHD too !
She was white ,I think, in the film "Wrong Arm of the Law".
Any plans on color ?
Yes it was originally white as seen in the movie. It's been red most of its life so no plans for color change especially since current paint is very nice.
Hagerty's car value tool -> https://www.hagerty.com/apps/valuationtools/1960-Ferrari-250_GTE