New 250GTE and 330 GT Estimated Values

And if the particular car plus options packages is numbers-matching and properly pedigreed, then that makes it a rare car...no different than a 250 GTO, in essence.

Musclecar logic seems to equal Ferrari logic...you've got your million-dollar-multiple babies at the top of the pyramid, with plenty of cars in the middle and bottom that are going to deliver the same experience for 1/20 the money...the only thing you don't get is the distinction of being the guy who can buy the ultimate toy.

At this point I think the upper musclecar market wiil do what the upper Ferrari market did...drop 50%...but those rare cars will continue to be relatively very expensive, in either case.

 

Who's teh guy you name "Kerry" for the serial numbers?
Can omebody give me his email?

Thanks

 

The other question we have to ask is what will supply and demand do. To me, there doesn't seem to be a mass influx of new people to the Ferrari world. I just don't see the masses coming after these cars any time soon (and thus really running up the prices).

 

http://www.parrotbyte.com/330GTRegistry/

 

I've sent you a couple of private messages with my email.

Regards, Kerry

 

Also

http://www.330register.com/

 

I was just looking over old posts. I guess this prediction didn't come true...

 

Unfortunately no....and I think prices are continuing to go up on 250GTEs and 330 2+2s

 

Unfortunately no....and I think prices are continuing to go up on 250GTEs and 330 2+2s

 

I'm seeing wildly varying ranges in price guides...

Latest FML shows the low-mid 70's for 330 2+2's and $90K-plus for GTE's, yet there's a 330 4HL interim advertised at $89.5K in same issue.

Cavallino Oct-Nov 06 shows low $65K and high $120K on 330 2+2's, low $75K and high $125K on GTE's.

A couple of 2HL 330 2+2's sold on ebay in 06 for upwards of $100K.

I'm keeping mine.

 

I remember not too long ago we were keeping our eye open for 330 GTCs for UroTrash, a nice one was listed for $70k.

Regards,

Art S.

 

I remember that well; when I was looking for a 330 2+2 in mid 2002, $45K would buy just about anything out there, and there were quite a few more for sale than at present.

 

i have no disagreement with the high values, as for a great car, you will spend the money (more often than not, cheaper than the restoration bill). the low end value is more questionable, keeping in mind the low value is defined in cavallino as " indicates cars in generally poor condition, or with dubious histories, or with no competion history, etc."

obviously, of the three, i think only the first really applies to most road cars of this and later era's. that being said, how do you define "poor"? i would say that a nice solid driver isn't poor, but a basket case is below poor, or is it? we all know the cost to restore/repair a poor car will far exceed the valuation difference between the high and the low, but how does one define poor?

shedding light on this definition is more important the the valuation of the high. hell if we define poor as a good driver and not a basket case, the market may be different.

 

There is a 330 2+2 due to sell at the RM auction in Scottsdale this weekend.
There was a 2HL that sold on ebay recently for $99,XXX( I think)
I am selling my 330 GT 2+2 at the RM auction at Ameila Island and kind of like to think that I will get over $90,000 for it.
Except for the 365 GT/4 2+2 and 400's try to find a decent V-12 for much less than $100,000. I think these cars deserve to be way more valuable than they are now as they are great.
As far as the 330 eclipsing the value of the 365 "queen", I feel that buyers like the "classic" Ferrari look and the 365 is very modern, almost looking like a rear engined car from some angles.

 

w.s.spear,

What do you think a complete 330 2+2 is worth in parts? In my opinion, that number is a little above the basket case price.

Regards,

Art S.

 

it's speer, not "spear".

having said that, the first ferrari i was ever involved with was a 330 gt 2+2 (s/n 9717) - ended up buying a 308gts over the 330 gt 2+2. it breaks my heart that this great driver was torn apart and hasn't (to my knowledge) had much else done to it. at the time, 1997, the asking price was $37k. i don't know what it is worth, hoever, i would expect that the car still couldn't be bought today for the $37k figure. forget all the sentimental value, but let's look at the car.

if poor value was $45k, would this include basket cases? or would it include unassembled cars in various states of repair? i am uncertain, hence my post.

 

In the latest SCM, a C/4 sold for $51k and a 512BB for $68k, both in Switzerland. Neither were perfect (but not basket cases either, by a long shot) and the auction reporter thought the prices were about right. An Ellena sold in the same auction for $195k, seems a bit more reasonable but still on the low side.

Did I miss something, or are we back in 2003?

 

Bob,

What color is/or was your car, Silver with Black int by any chance?

Argento

 

Bob,

You have a PM.

 

w.s.,

Sorry about the typo.

Regards,

Art S.

 

From my experience:

I started looking for a 330 2+2 in spring '02; at the time of my purchase on 11-30-02 the Oct-Nov '02 issue of Cavallino had all 330 2+2's shown in the $30K-$55K range.

My car was in what you would call "benignly neglected" rather than poor condition...it had some expensive deferred maintenance/neglect issues but cleaned up very nicely without major work. I was also following ebay auctions closely and two or three truly poor but on-the-road examples sold in the high teens to low twenties in '02; I paid $32K for mine, which put it near the bottom of the Cavallino range in price if not condition.

So hypothetically taking the Oct-Nov 2006 $65k Cavallino bottom-end for 330 2+2's as gospel truth, that's about what I would expect to pay for my car were I buying it in 2002 condition today, and perhaps 30% less for a poor-but-functioning or nearly-functioning car comparable to the ones I observed on ebay in '02...which would work out to about $45K.

 

It was originally blue but was repainted a medium maroon very early on, possibly by the first owner (maybe even earlier). When I acquired the car, the paint was fair but some areas were cracking and peeling badly. I stripped all the paint and it has been in gray primer since '88. It has also been in an heated garage since '83 when I bought it.

I'm putting together a list of all the work that has been done to the car and what is new. I'll be sending that soon to those of you who have PMed me that you're interested. It will also include photos.

Bob


.

 

I thinkk one sold for about $60k last year. It was a driver in fair condition. Seemed like a hell of a deal!