330 GT 2+2 Fair Value to Purchase? - Ferrari Life
 
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post #1 of 15 Old 04-23-2015, 06:40 PM Thread Starter
 
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330 GT 2+2 Fair Value to Purchase?

Hello All,

Today, while inspecting a 2008 612 Scaglietti HGTS at a Ferrari dealership, I was invited to see the owner's private collection. For unknown reasons, I am attracted to GT 2+2s of any make or model (i.e., not just Ferraris). So when I saw a gorgeous 330 GT 2+2 in this collection, with original tan interior, reburbished exterior (but original paint colour), redone mechanicals (100%), Ferrari Classiche certified, with lots of provenance documentation, books, tool kit....I mean everything!

As I was admiring it, my heart started to race like I was running the 100 m dash in full sprint. When the dealership owner walked by and noticed me looking at it, instinctively I asked him if he would sell it and at what price, not remembering that the salesman had already said "it was not for sale"...and to my amazement, the owner shot back: "a half-million dollars...and that's American dollars!".

I have no idea of the current fair value of this car, so if anyone can advise me, it would be appreciated. Here are some photos...you "gotta" love those Asian-eyed quad lights.

Regards,
Gianni
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1999 Ferrari 550 Maranello FHP; 1999 Ferrari 456M GT; 1996 Buick Riviera; 2008 Bentley GT; 2010 Lotus Evora; 1969 Alfa Romeo 1750 GTV;
Past cars: 1965 Corvette Stingray Roadster; 1974 Corvette Stingray.
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post #2 of 15 Old 04-23-2015, 08:05 PM
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Gianni- If there is a $0.5M 330 GT 2+2 out there, that could be it. In general the single headlight versions bring more money, but I always liked the four headlight version better. Prices for the 2+2s have been in the $350K range for the ones I have seen auctioned. No clue on private sales. Look in FML. Hopefully this one has had the valve seal mod or may be new enough that she came that way from the factory. One of the pros can tell us when that happened.

Personally, I would have been drooling all over the 250 LM, my favorite Ferrari.

Taz
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post #3 of 15 Old 04-24-2015, 04:56 AM Thread Starter
 
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Originally Posted by tazandjan View Post
Gianni- Personally, I would have been drooling all over the 250 LM, my favorite Ferrari.
Hello Terry,

You have a good eye...see the photo below of this 250 LM Scuderia Filpinetti...it has an amazing race history...in short, it crashed in its last race and rolled over, and the car was restored by the current Ferrari dealership owner in their Ferrari Classiche shop...one just sold at the RM January auction for $9.6 million! 1964 Ferrari 250 LM by Scaglietti | Arizona 2015 | RM Sotheby's

I suspect that you would go near insane if you looked at this Ferrari collection...I now wish I had taken more photos

Regards,
Gianni
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1999 Ferrari 550 Maranello FHP; 1999 Ferrari 456M GT; 1996 Buick Riviera; 2008 Bentley GT; 2010 Lotus Evora; 1969 Alfa Romeo 1750 GTV;
Past cars: 1965 Corvette Stingray Roadster; 1974 Corvette Stingray.
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post #4 of 15 Old 04-24-2015, 05:46 AM Thread Starter
 
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Originally Posted by tazandjan View Post
Gianni- If there is a $0.5M 330 GT 2+2 out there, that could be it. In general the single headlight versions bring more money, but I always liked the four headlight version better. Prices for the 2+2s have been in the $350K range for the ones I have seen auctioned. No clue on private sales. Look in FML. Hopefully this one has had the valve seal mod or may be new enough that she came that way from the factory. One of the pros can tell us when that happened.
Hello Terry,

Many thanks, yet again, for sharing your knowledge. I will do more research into the 330 GT 2+2 recent auction sales and check the FML this weekend once I return from my first Ferrari hunting trip (Toronto and Montreal).

But a quick check of recent RM auctions showed that in January (2015) a 1965 330 GT 2+2 sold for $412k and a 1966 (single-light) 330 GT 2+2 sold for $363k, so it seems like the prices have increased 10 to 20% in the last year.

1965 Ferrari 330 GT 2+2 by Pininfarina | Arizona 2015 | RM Sotheby's
1966 Ferrari 330 GT 2+2 by Pininfarina | Arizona 2015 | RM Sotheby's

I'm on my way now to view two BB 512s...so I'll report what I find later.

Regards,
Gianni

1999 Ferrari 550 Maranello FHP; 1999 Ferrari 456M GT; 1996 Buick Riviera; 2008 Bentley GT; 2010 Lotus Evora; 1969 Alfa Romeo 1750 GTV;
Past cars: 1965 Corvette Stingray Roadster; 1974 Corvette Stingray.
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post #5 of 15 Old 04-24-2015, 05:59 AM
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Quote:
Originally Posted by Gianni View Post
Hello All,

Today, while inspecting a 2008 612 Scaglietti HGTS at a Ferrari dealership, I was invited to see the owner's private collection. For unknown reasons, I am attracted to GT 2+2s of any make or model (i.e., not just Ferraris). So when I saw a gorgeous 330 GT 2+2 in this collection, with original tan interior, reburbished exterior (but original paint colour), redone mechanicals (100%), Ferrari Classiche certified, with lots of provenance documentation, books, tool kit....I mean everything!

As I was admiring it, my heart started to race like I was running the 100 m dash in full sprint. When the dealership owner walked by and noticed me looking at it, instinctively I asked him if he would sell it and at what price, not remembering that the salesman had already said "it was not for sale"...and to my amazement, the owner shot back: "a half-million dollars...and that's American dollars!".

I have no idea of the current fair value of this car, so if anyone can advise me, it would be appreciated. Here are some photos...you "gotta" love those Asian-eyed quad lights.

Regards,
Gianni
a lovely car, Gianni. I owned a single-headlight car some thirty years ago, a sister to my 365GTC. But they are nothing remotely like the delightful ballet-like GTC's to drive: heavy steering, harder ride combined oddly with more significant roll on cornering. Unless one is buying on the possibility that it will be a good 'investment' (on which I have no opinion) or simply to own and admire rather than to drive and enjoy on the road, IMHO that's simply too much money to pay.

Seth
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past: 330/365GTC speciale, F355b, 412GT, 400iA, 308GT4 2+2, 330GT 2+2, Porsche 356b Super 90, BMW 1800ti

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post #6 of 15 Old 04-24-2015, 06:11 AM
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Quote:
Originally Posted by intrepid View Post
a lovely car, Gianni. I owned a single-headlight car some thirty years ago, a sister to my 365GTC. But they are nothing remotely like the delightful ballet-like GTC's to drive: heavy steering, harder ride combined oddly with more significant roll on cornering. Unless one is buying on the possibility that it will be a good 'investment' (on which I have no opinion) or simply to own and admire rather than to drive and enjoy on the road, IMHO that's simply too much money to pay.
+1

w/ smiles
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post #7 of 15 Old 04-24-2015, 06:37 AM
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+1

w/ smiles
Jimmy
I agree. I test drove a 330GT2+2 when shopping for my first vintage Ferrari. It was absolutely nothing like the 330GTC I owned a few months later.

They are lovely cars, but the improvements made on the 365 GT2+2 are enormous. That is a much better car to drive. Pricewise, I think they are not that far apart. You might want to consider that model.

But if you can stretch to it, and are looking for a better driving experience, I would really recommend going for the 330GTC. A truly fantastic car to drive, and quite affordable compared to the other 1960's 2-seaters.


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post #8 of 15 Old 04-30-2015, 10:57 AM Thread Starter
 
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I agree. I test drove a 330GT2+2 when shopping for my first vintage Ferrari. It was absolutely nothing like the 330GTC I owned a few months later.

They are lovely cars, but the improvements made on the 365 GT2+2 are enormous. That is a much better car to drive. Pricewise, I think they are not that far apart. You might want to consider that model.

But if you can stretch to it, and are looking for a better driving experience, I would really recommend going for the 330GTC. A truly fantastic car to drive, and quite affordable compared to the other 1960's 2-seaters.


Onno
Hello Onno,

Many thanks for sharing your 330 and 365 experiences, they have provided me with better direction. I'd prefer to have a 2+2 GT, just something about the look of having back seats in a Ferrari that makes them different attracts me to them. The problem lies in finding a 365 GT 2+2, so I'll continue searching.

Regards,
Gianni

1999 Ferrari 550 Maranello FHP; 1999 Ferrari 456M GT; 1996 Buick Riviera; 2008 Bentley GT; 2010 Lotus Evora; 1969 Alfa Romeo 1750 GTV;
Past cars: 1965 Corvette Stingray Roadster; 1974 Corvette Stingray.
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post #9 of 15 Old 04-30-2015, 12:06 PM
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The Queen Mother is very attractive, with Superfast derived styling, and, with IRS and power steering, handles much better than the 330 GT 2+2. The 330 GT 2+2 was the last regular production Ferrari with a live rear axle. Many Ferrari experts believe the 4.4 liter engine in the 2+2 and GTC was the finest SOHC engine Ferrari built.

Taz
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post #10 of 15 Old 04-30-2015, 02:02 PM
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I agree w/ everything posted so far; I have driven many miles in both a 330GT (the later two-headlight version and a 365 GT 2+2 (which I owned for 10 years).

I will say, though, that one thing that makes an apples-to-apples comparison between the models difficult is that, after nearly 50 years, finding/driving samples of each that have freshly re-done suspensions can be tough. I have driven 330GTs w/ extremely tired and also freshly re-built suspensions, and the difference is radical. When I bought it, my 365 had very tired suspension rubber all around, and absolutely no rubber left in the rear sway bar linkages - the transformation w/ new rubber was amazing. Also make sure that any 365 you look at has either had the rear self-leveling shocks renewed or replaced with the aftermarket coil-over solution.

So my advice is to drive/sample the best examples you can from each before deciding.

I also agree w/ the observation about the two motors; the 4.0 and 4.4 liter. For a mere .4 liter in additional displacement, there is a noticeable increase in the grunt from the tipo 245 motor.
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post #11 of 15 Old 05-01-2015, 02:33 AM
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Very good point Bryan. There is a great deal in variability in individual cars.


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post #12 of 15 Old 05-01-2015, 07:12 AM
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Quote:
Originally Posted by Gianni View Post
Hello Onno,

Many thanks for sharing your 330 and 365 experiences, they have provided me with better direction. I'd prefer to have a 2+2 GT, just something about the look of having back seats in a Ferrari that makes them different attracts me to them. The problem lies in finding a 365 GT 2+2, so I'll continue searching.

Regards,
Gianni
Gianni, if you are not intent on a 1960s- era car, you might consider looking for a well-kept and serviced 5-speed 365/400/400i/412. I just sold my 412GT, an excellent no-stories car in close to unrestored concours condition with all service history for just under $100K.

Seth
575M F1, Maserati Spyder, Cadillac STS-V & CTS
past: 330/365GTC speciale, F355b, 412GT, 400iA, 308GT4 2+2, 330GT 2+2, Porsche 356b Super 90, BMW 1800ti

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post #13 of 15 Old 05-04-2015, 10:25 AM Thread Starter
 
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Gianni, if you are not intent on a 1960s- era car, you might consider looking for a well-kept and serviced 5-speed 365/400/400i/412. I just sold my 412GT, an excellent no-stories car in close to unrestored concours condition with all service history for just under $100K.
Hello Seth,

Can you please post a few photos of your ex-412 GT? I would very much like to see it, thank you.

As I continue search for my first Ferrari, I have come to realize that I'm not looking for any specific model, era, or other grouping. I have also realized that I do prefer the 2+2s, although it's only a preference and not a requirement. Buying a "unrestored concours condition" Ferrari, like your 412 GT, is also a preference. So your posting here ticked a lot of boxes for me and assisted me to refine my search, so thanks again.

At the Toronto Collector Car Auction this past weekend, there was a 1986 Ferrari 412i
that did not sell at the high bid of $36,000 CAD. Unfortunately, I could not attend this auction (it's a 4-1/2 hour flight away from me). But I'll inquire about the car to see if I can find out the asking price and if photos are available.

Collector Car Productions

Regards,
Gianni

1999 Ferrari 550 Maranello FHP; 1999 Ferrari 456M GT; 1996 Buick Riviera; 2008 Bentley GT; 2010 Lotus Evora; 1969 Alfa Romeo 1750 GTV;
Past cars: 1965 Corvette Stingray Roadster; 1974 Corvette Stingray.
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post #14 of 15 Old 05-04-2015, 11:14 AM Thread Starter
 
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Quote:
Originally Posted by Gianni View Post
At the Toronto Collector Car Auction this past weekend, there was a 1986 Ferrari 412i
that did not sell at the high bid of $36,000 CAD. Unfortunately, I could not attend this auction (it's a 4-1/2 hour flight away from me). But I'll inquire about the car to see if I can find out the asking price and if photos are available.

Collector Car Productions

Regards,
Gianni
Hello All,

I have moved this 412 discussion to a new threads in the 2+2: 365, 400, 412, Mondial forum.

Regards,
Gianni

1999 Ferrari 550 Maranello FHP; 1999 Ferrari 456M GT; 1996 Buick Riviera; 2008 Bentley GT; 2010 Lotus Evora; 1969 Alfa Romeo 1750 GTV;
Past cars: 1965 Corvette Stingray Roadster; 1974 Corvette Stingray.
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post #15 of 15 Old 05-05-2015, 08:06 AM
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Hello Seth,

Can you please post a few photos of your ex-412 GT? I would very much like to see it, thank you............Regards, Gianni
Gianni, I left a comment on your other thread regarding the red 412. Taz may have info on this but I have the impression that there may never have been a 400 or 412 emerging from the factory in rosso corsa paint. IMHO it is much too bold a color for the very beautiful and timeless design of the 400/412 series that Peter Stevens, chief designer of Lotus, called 'the most beautiful production car of all time.' The 412 you posted was almost certainly painted 'resale red' in the late 1980s.

Here are a few images of my 412GT. The last was on a rally from the Saratoga Automobile Museum to the Lake George Club during the Museum's Fall Ferrari Festival four years ago.
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