Testarossa is now a collectible! Prices rise!

Auctions get out of hand sometimes, especially with higher end cars. I was at the local dealer's auction (DAAOKC) a few weeks ago and one of the Chevrolet dealers was battling it out with a Dallas Chevy dealer on an 02 Z06. The car was worth about $35k and about $29k at wholesale, Mark Heitz from Norman,OK ended up taking the car home at $46k, a stock yellow 6spd Z06 with 23k miles (2003).

So just keep that in mind. I'm sure Testarossa prices will rise in the future, but not now, this is just an example of trying to prove you have "balls".

Regards,
Kevin

 

The new owner will probably come on to the forum two weeks after buying his "dream car" and bit** about how expensive it is to maintain a Testarossa and how unreliable the car is and thus the birth of another nightmare Testarossa story that will get passed around the globe.

 

in my opinion unreliability has nothing to do with collectibillity...
but the fact is : more than 10 000 Testarossas were produced
considering that vast number... it is difficult to think of a TR as "hard to find" hence valuable

 

The "fact" is .....

there were a TOTAL of 9,855 Testarossas of the 3 versions made (TR, 512TR, F512M) over an 11 year period. If you're going to combine all of the iterations of the TR, IMO you'd have to combine all of the versions of the 3X8 (almost 20,000 cars)

 

It gets better, there are something like 16k + 360's out there. How's that for collectability? You still sure you want to pay over sticker for one? The F430 is not going to be any different...

 

hey,

you beat me to the 308 @ lamborghini chicago. i notice you have a mondial 8. i looked at a mondial quattrovalvole coupe in the chicago surburbs a few years ago. seemed to have corrosion in the lower door pannels and in the muffler shield. how's your 8 when it comes to corrosion?

current porsche owner looking to get into a ferrari.

joe

 

I've always looked at TR ownership in a different way. From '84-'91 there were 7177 of the cars produced. I'm sure many have been lost over the years due to accidents, neglect, and simple wear and tear that have reduced this number even further. Then I figure in the world's human population at this moment being about 6,440,701,913, and from there divide the approximate number of TRs remaining in the world. Hence, I come up with the satisfaction in realizing the odds of being the proud owner of one of these fine automobiles in the world is literally, one in a million. Knowing this fact makes the TR driving experience even that more pleasurable...

 

/small detour on

The Mondial 8 is rust free, but it spent its time in FL and VA before I moved it to TN. The 308 has rot in the doors, but I'm planning on repainting it soon anyway, so it wasn't that big an issue when I got it.

/small detour off

 

there will be over 17k 360s and probably 20k 430 s...none of these cars are collectables,except maybe the 512m.... if you want collectable, go buy a vintage v12 ferrari....

 

you sure the car didn't sell for $12,903.60

that's more the reality

 

thanks, i am now officially proud to be the owner of an 86 TR with F1 wheels.
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Sell it at B-J and pocket a cool 300k or so!

 

What's with the shields?

Just because you can, doesn't mean you should.

C.

 

shields?? thats for the morons of the world who are not privy to Miami Vice and have no idea as to wot a TR is or made them.

and just because i have a clear engine cover that also means i can but should'nt

 

6k miles on a testarossa i would rather drive it and enjoy using than polishing it for 10 years hoping that it aint going to lose money there is some very sad ferrari owners when i go to heaven and meet them the discision will be had a great life usuing my ferrari then little sad old fart will speak up i had one for 10 years didnt lose any money except on polish

 

Ummm, yeah.... that's how I envision my future Ferrari, sitting in the garage. (?????)


The 512m is a sleeper, just wait, that is going to be the car to watch.

 

i like the shields, and i would love to see some pics with the clear engine cover as i LOVE the way those look as well.

 

ah-ha, mister supermarket's Smurf Diablo! is that a snow-white GT4 in there too? never seen that on the street.

i was gonna see if he was stacking shelves in the produce section and ask if he wants to come and play with us. failing that ask one of the checkout-chicks out on a date.
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well, you can almost see it here....
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i'll take a pic of the engine cover tomorrow,
and yep a white GT4, real bush pig
Blue diablo---choice of buying it of the TR----glad i chose the TR
Alfa V6 in the distance--nice truck
E46 M3--sex on drugs
Hoist-- nice colour


the reason for the garage, gotta get the belts done every 2 yrs deeeeerrrrrrrrrrrrrrrrrrrrrr
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Many people use the word "collectible" incorrectly. Ferrari manufactured too many Testarossa's , for them to be collectible. Prices for Testarossa's have come down the past few years, however the slide has stopped. You can buy 86-91 Testarossa's anywhere in the $50's to 70's range, depending on condition , mileage etc. 512TR's , manufactured from 1992 -1994 have retained their value better than Testarossa's. The 512 TR, is a much better handling car than it's predecessor, 45 extra HP, 18" wheels, nicer interior and seats and more importantly, the engine was lowered, giving the 512TR great handling and control at the edge. You can purchase 512TR's in the $90's to $120's range. On the other hand the 512M, of which less than 75 were imported in the US. Has held the same value for the past 6 years. They are still bringing over $150,000. If I was going to buy a Testarossa, I would get the 512 TR. Less than 400 were imported to the US and it's pretty reliable.

 

In Australia though the cost of the TR has held it'd own as less were bought in, gotta remember cars do get destroyed and those that are looked after will always hold or increase in value

 

I do not agree. It's not how many that were made that is important, but the number available to the buying public at any one time. Look at how many beanie babies were made and how collectible they are. Look at how many stamps are printed and how collectible they are. People collect weird things, cars among them. If there are relatively few TR's available for sale at any one time, as will happen as time goes on, the prices will rise as demand outweighs supply.

Keep in mind that the TR will have a huge following from people who were kids when they came out. Once those people reach the age where they can afford them, there will be a stimulation in demand. I think we are just starting to reach that point.

Birdman