Why are classic and 2nd hand Ferraris growing in price this fast?

The cars are worth about the same, your money is worth significantly less than 3-5 years ago -- regardless of your location.

To that end, assets should continue to increase in costs, including the 328. Whether that's a growth in value is debatable.

Further discussion here will get me banned, so . . . . good luck with your hunt!

 

Inflation is definitely a factor, but I think also the impending electric car shift will make the older cars something that will be illegal in the future. Think of it as like having the last supply of a particular caviar. There is a lot of gnashing of teeth, but I argue sometime around the early 2000s, cars indeed got faster, but lost a lot of tactile elements, gated being first and foremost. You can always convert thankfully, but that upsets purists.

 

Like in the US, Italy and other countries, the stock markets are at all time highs. People are flush with cash, (or bitcoins ).

And BTW, "Even the 612 is selling at crazy prices." what kind of crack is that? (asked a 612 owner )

 

I think both scenarios are in play. Some people may sell a stock at a good profit and decide to reward themselves with an indulgent purchase. Others could feel the market is getting too high and it is best to transfer some money to other assets.

 

https://roarington.com/media-house/stories/sergio-scaglietti

"When Luca di Montezemolo was president of Ferrari, he decided that Sergio Scaglietti should have a production model named after him. Sergio was deeply touched by the gesture and fell in love with the beautiful 612. "

As for your friend's friend, there's a black sheep in every family, just ignore him!

BTW, loved Rimini. We spent the Christmas season in the area in 2019 just before the pandemic hit. I have some distant relatives who emigrated to the US from Cesenatico.

 

Someone on here is selling a 456 12 cylinder for 40k USD. You should buy that being that you already have a Ferrari that looks like a 3 x 8 .

G

 

I believe they all settled in Massachusetts. We go to Italy almost every year, but unfortunately no trip to Italy this year.

 

• They’re growing fast because they’re Ferraris

 

I would make a distinction between “classic” and “second-hand”. You mention the Daytona, which is and always will be an iconic classic from the era when Ferraris (and Lamborghini, Lotus, and Porsche) were hand built in relatively small numbers. I don’t have a crystal ball, but I think it’s a safe bet that a Daytona will hold value far beyond our lifetimes. It’s a purely mechanical, infinitely rebuildable thing. Ditto a Miura or early 911.

For the newer stuff, I doubt there will be long term appreciation. We’ve already seen spares availability issues with mass production Ferraris like the 360 and F430, and the performance of such cars well behind new Ferraris (and many EVs). Not sure I would chase a 612 or 599 anymore — feels like a financial minefield of failing yestertech.

A Daytona… absolutely.


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Good morning ,i think there is a big difference between a 612 and 599

 

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Nice car indeed...

 

328 is a great car. I prefer the GTB over the GTS and a non-red color. Don't buy a car with catalyst.

 

they are cars from 308 to 328 from an era when Ferrari was not at the top.Every one knows this but was matters is that if you like the car it's right to buy it,end of discussion. But saying that they work very well seems untrue to me

 

The 328 was the end of the Enzo era (along with the TR and F40). It is a significant revision of the 308 and eliminates many of the earlier car’s flaws — vastly better electricals, brakes, window mechanisms, engine management, etc. The 0-60 mph of 6 seconds was quick in 1985, not so much anymore, but the driving experience is raw, as you say, and exhilarating.

After the 328, Ferrari added complexity to its cars, and the 355 has a well known list of issues, more serious than just its cheap plastic interior bits. By the time the ALCOA-bodied 360 came out, production was more automated and we now see that the gated manual shift cars are the ones most valued — I.e., the early attempts at F1 gearboxes are less sought. A 360 outperforms a 328, but many modern cars will outperform a 360, so you’re stuck with a “slow” Ferrari that isn’t wearing historical vehicle license plates. For me, the value just isn’t there anymore.

If I were writing the check today for a long term keeper, it would be a 328 or 512 TR. It takes Ferrari years to refine its cars (Lexus seems to do it right on day one, but the product is still dull…) and the 328 and 512 TR are two that preserve that Ferrari drama but will start and run on Sunday morning when you need a drive. I can see them being valued over the long term, and in fact a nice 328 is (from what I have seen lately) often more valuable than the 348–355-360-F430 run.

I say all this now having sold my 328 and 308, both of which I miss. Fun cars.


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