New 250GTE and 330 GT Estimated Values

Whoa! Now I might have to reconsider reassembling my GTE basket case. I have a 100% complete, but in hundreds of parts, series 2 GTE (#3805) that I was seriously considering selling as is. I've had it since 1983 but have not been able to touch it in nearly 18 years - it's just sitting in my garage. I've spent most of that past 18 years working and living out of the US and have had not had any time to play with the car. Now I'm probably beyond the age where I will ever finish the rebuild and have been considering selling it as a "project car" or even parting it out. But with these kinds of numbers, my decision to sell or work on it should be accelerated. Any thoughts?

Bob

 

If you've held it that long, there's only one thing to do. Put it back together and drive it! If you don't have the heart/stomach for it I'm sure you'll have people pounding on your door looking to take it off your hands.

T308

 

BTW, what are the new estimates for the 260 PF Coupes?

 

Warren, the numbers look reasonable judging bt the asking prices of the few cars for sale and recent auction results. BTW, you ought to add $30K to your car once the repairs are done, I am sure it will be in the "upper tier"

 

A very nice 2 headlamp 1966 330 GT 2+2 was at Steve Harris last week, Asking price was $70,000. I offfered $50,000. The car was sold at the $70,000 within the next two days!

I would be VERY interested in either a very nice "needs nothing 250GTE or 330 GT 2+2 at around $50,000, but I don't think this is possible..

 

I think boring them out would hurt the value, just a typo. I was interested in the new listing for 1558-1960 250 PF Coupe. In the last issue (Dec/Jan) it was around $145k at the high end.

Thanks,

Greg

 

Tpos hppen.

I was PM'ing someone on the merits of a Columbo V-12, and, instead of typing a simple 1-2, I made it a Columbo V-23...

I think that the values are right on, although the spread may be too high, and the starting number may be too low. This is probably because no one knows for sure; the values are probably still rising, and it's harder to hit a moving target.

Regardless, it's good news for us owners. I might regret that serious enthusiast who are shopping now will have to pay a premium over what they would have paid just a year or two ago...

Matt

 

The Ellena and Boano were the prior to the Pinan Farina (PF) coupes. PF Coupes were 1958-1960.

 

From Cavallino #151 (Feb/March 2006).

PF Coupe $125k-$175k

T308

 

i am missing something....what are these projections for? Are these estimated values in 3 months, 1 year, 5, or...?

 

Listed as "The Market as of February 1 from a survey of selected dealers".

T308

 

OK, then. If I wait a few months I can trade mine for a 360 Modena. If I wait 1-2 years I can trade it for a Gallardo. I am still enjoying it and all.....but the runup and the options are a nice thing...

 

I bought the only Platinum winner at Palm Beach 3 headlight 330 Gt 2+2, all doct's , Ferrari Heritage certificate, ridiculously expensive paint work. $70K plus just topped it off with a complete engine rebuild (mechanical, cosmetic, interior, body were as close to perfect as you can get). Rebuild at Ferrari dealership. Figure I have $90USD into it, but (maybe a wee bit biased), I doubt a better one exists.

Do a PPI and check them out thoroughly before you buy. As we all know, cheap vehicles are rarely any good, and anything good is rarely cheap.

Good luck in your search. These days $50 buys you a poor vehicle.

Carlo

 

Greg...you got a pic of that 1558 PF coupe?

 

At the most recent RM Auction, s/n 6343, a red 330 2+2 with black leather interior sold at $70,000 plus commission, or $77,000. That's a four-headlight model, in OK but not great condition.

 

My Series I 4HL is much better than "OK", but not "great" as in professionally restored or excellent, unchanged original, so that seems to be a good indication of the range I'm in.

 

So, do you guys think the value of 330s have exceeded 365s?

 

Aren't 365's routinely trading in the $80's-90's now?

 

I've seen them trade at auctions in the 90s (for exceptional examples), but also in the 70s. And the asking prices I have seen recently have been in the 60s-70s, or so it seems.

 

Don,

My guess is that all of the '60s 2+2s are in a similar price range where the condition will dominate value. For a given condition, the GTE and America will be a bit higher than a 330 or 365.

I do not know of and #1 condition cars that have sold very recently to test the top end of the market. Dead but complete projects seem to be worth $45k and up.

Regards,

Art S.

 

I keep seeing rusty and tired GTEs for sale in Europe in the U$ 70s, so the new Cavalllino might be closer to reality that I first thought. A #2 car should be nudging six figures on both sides of the pond. I am not uhappy about this escalation as an owner, but I think I will worry more when I drive it....Gotta call Hagerty and adjust the agreed value figure, too...

 

Heritage Classics Motorcar Co had been advertising s/n 9533, an anthracite 330 GT with red interior, for around $75,000. It's no longer on their website, and I'm not sure where it went or what was paid for it. They are, however, now offering a nice GTE for $92,500:
http://www.heritageclassics.com/ferrari/63sil250gte4/Page.html