F355 All the good GTB's and GTS's are nowhere to be found - Ferrari Life
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post #1 of 32 Old 03-18-2015, 05:27 PM Thread Starter
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All the good GTB's and GTS's are nowhere to be found

For the last 2.5 years, I've followed the 355 market daily. Prior to that, I followed it monthly for 13 years.

I simply cannot recal a time with less inventory than right now and it's a few weeks from April.

I can only find 2-3 on the market now and they are not prom night virgins by any means.

I think we are about to see a major increase in valve over the next 6-12 months.
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post #2 of 32 Old 03-18-2015, 05:59 PM
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Your observation is spot on.

If you want a roof with your 355, you've basically got zero options at the moment, other than the CdF F1 that Bradan recently completed. I think the owner wants 100k+, and rightfully so IMHO.

It should be interesting to watch pricing this spring.
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post #3 of 32 Old 03-18-2015, 06:00 PM
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Not many top notch 355's of any kind out there. All I seen have traded hands privately well above the ebay prices

94 F348 Challenge
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post #4 of 32 Old 03-18-2015, 09:22 PM
 
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Dave,

I agree with your observations. The good cars are much harder to find. Prices will continue to rise on these. I know... Master of the obvious.

Robb



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Originally Posted by dave rocks View Post
For the last 2.5 years, I've followed the 355 market daily. Prior to that, I followed it monthly for 13 years.

I simply cannot recal a time with less inventory than right now and it's a few weeks from April.

I can only find 2-3 on the market now and they are not prom night virgins by any means.

I think we are about to see a major increase in valve over the next 6-12 months.

We sleep safe in our beds because rough men stand ready in the night to visit violence on those who would do us harm. George Orwell
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post #5 of 32 Old 03-19-2015, 01:02 AM
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Does anyone know the story with the silver F1 GTB for sale in California for 77k?
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post #6 of 32 Old 03-19-2015, 01:18 AM
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Well over three dozens available across the pond here in Japan.

w/ smiles
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post #7 of 32 Old 03-19-2015, 03:27 AM Thread Starter
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Well over three dozens available across the pond here in Japan.

w/ smiles
Jimmy
Yep. Is seems as the US has a larger percent of Spiders and the other side has B's and GTS's.
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post #8 of 32 Old 03-19-2015, 03:31 AM
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Yep. Is seems as the US has a larger percent of Spiders and the other side has B's and GTS's.
Dave, I think you are correct in saying that.

GTBs are popular, then GTS so so, and Spider, hardly.

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post #9 of 32 Old 03-19-2015, 04:07 AM Thread Starter
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Well, since I am fortunate enough to own 2, I'm not in the market.

I would not sell for any sensible price so this only matters to me if I want to pickup another project car next year when I'm done with my current. But, a 512TR would be nice and the ship has sailed on those
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post #10 of 32 Old 03-19-2015, 04:13 AM Thread Starter
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Does anyone know the story with the silver F1 GTB for sale in California for 77k?
Lot's of mods. Been for sale a while. Might be old add and sold.

1998 Ferrari F355 , $77,000 - Cars.com
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post #11 of 32 Old 03-19-2015, 07:42 AM
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It's surprising how few are available.

Did dealers just stock a ton of spiders or did everyone just order a spider back in the day?
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post #12 of 32 Old 03-20-2015, 03:12 AM
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In the UK prices of almost every Ferrari model more than ten years old have rocketed since last summer. Especially true of the Pininfarina 308 and 328. Can anyone remember how the Vettoresina 308 attracted sneers at its launch? Well those plastic Ferraris now fetch 120,000. I wonder whether this rising market is sustainable. UK dealers are beginning to either withdraw cars from sale, increase the sticker price by at least 10,000 or change it to "POA". It's like 1989 over again with new classic car auction houses springing up almost every month and we know what happened to that boom.
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post #13 of 32 Old 03-20-2015, 10:53 AM
 
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There's a lot of GTB's for sale in Europe and Japan. With the weak Euro and Yen, they're actually a decent bit cheaper after import costs than they are in North America.

That said, I agree that the values are on their way up. I bought a higher mileage, well sorted car with excellent compression numbers for less than what I could part it out for. I'm happy with my purchase and don't care about the values as I bought it to drive it...but if appreciation keeps up with maintenance costs, that's a big bonus of ownership.
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post #14 of 32 Old 03-20-2015, 12:48 PM Thread Starter
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Today I am down at Ferrari Fort Lauderdale. I found a 458 for my buddy and we just closed the deal.

I was offered $100K for my 98 F1 GTS (which I turned down). Salesman said in 1-2 years they would be able to sell it for $250k
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post #15 of 32 Old 03-21-2015, 01:00 AM
 
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I was offered $100K for my 98 F1 GTS (which I turned down). Salesman said in 1-2 years they would be able to sell it for $250k
While I can see the F355 gaining some value, I call BS on $250k. I think the peak would be around $130-50k and then you'll see more of them on the market as people cash in. Right now, the upper end seems to be $100k for a F355 and it has been this way for roughly a year. Going from $100k to $250k would be an increase of 250%. That kind of increase in 2 years, the market would crash soon after due to it being flooded as people sold for a stupid amount of money. I don't see the F355 as being able to command those kind of prices for any prolonged period of time. What goes up, must come down. As far as F cars go, the F355 isn't rare enough for stupid prices IMO.

For my own sake, I also hope the F355 never ends up staying at a stupid price. Otherwise I don't see myself ever owning one. Also, I've found 3 Berlinettas overseas on just eBay alone. Pretty soon, these cars will reach the 25+ years old collector car status and emissions will go out the door. So importing a Euro spec should become easier.

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post #16 of 32 Old 03-21-2015, 01:54 AM
 
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I just found this beauty overseas...

Dick Lovett - Ferrari F355 GTB - £64990


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post #17 of 32 Old 03-21-2015, 03:47 AM
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Originally Posted by dave rocks View Post
Today I am down at Ferrari Fort Lauderdale. I found a 458 for my buddy and we just closed the deal.

I was offered $100K for my 98 F1 GTS (which I turned down). Salesman said in 1-2 years they would be able to sell it for $250k
I'm not shocked at all.
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post #18 of 32 Old 03-21-2015, 05:00 AM Thread Starter
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Joe, of course the $250K was one man's opinion and speculation.

The interesting part was he immediatly want to buy my car when I told him the year, model, condition and miles.

I got the impression he already had a buyer in mind.

So, if he was willing to pay me $100K, he has a buyer willing to pay more.
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post #19 of 32 Old 03-21-2015, 09:15 AM
 
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True. And even if the buyer wasn't willing to pay more, these days selling cars is about selling financing. Doesn't matter if it's a Ford or if it's a Ferrari, you make money by financing the car. He could of had a buyer or he could have just known that at $100k, maybe increase it 10% and he still won't have a problem selling the car.

He could also be delusional, thinking that he read in Ferrari market newsletter that these cars are going to gain value, so he took that to mean stupid value. So buy as many as he can now, have the dealership sit on it for a little while and then sell it for $250k. Or just put $250k as the pricetag and see who bites. Value is after all in the eyes of the beholder. It's worth what you can sell it for.

I think the important piece of information to know is the F355 has fully depreciated and is now earning some of that back. I'm sure once the economy gets better, the F355 will go to the price it can support and then stop. That will be the true value of the car. If the market doesn't go crazy, IMO I see that as $100-130k. So not far from the MSRP and I think that is the best outcome someone can logically hope for out of a car that had almost 12,000 units made in 5 years. Oh and that it is relatively expensive to maintain properly combined with the perception that it HAS to have the valve guides replaced.

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Last edited by Autoholic; 03-21-2015 at 09:20 AM.
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post #20 of 32 Old 03-21-2015, 12:46 PM
 
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Not many top notch 355's of any kind out there. All I seen have traded hands privately well above the ebay prices
I agree...I am going to be driving mine more that were moving to Charleston SC and it has 42k on it now. I am hoping that in ten years and a lot more miles it will be valuable as a parts car as more parts become harder to find.
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