Value of GTE

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NOTRED
Posts: 32
Joined: Mon Nov 21, 2016 11:15 pm

Value of GTE

Post by NOTRED » Mon Apr 01, 2019 11:23 pm

Need to know value of Condition 1 car in 1999. Can someone check their old FML back issues - Thanks!
C

Lowell
Posts: 187
Joined: Sun Oct 20, 2002 1:40 am
Location: Santa Fe, NM

Re: Value of GTE

Post by Lowell » Tue Apr 02, 2019 3:28 am

Ferrari Market Letter most expensive GTE

25 dec 99: S/N 4185 (1963) Silver/black. Recent complete top quality restoration $56,906. Drenik, Venice. It.

2 Oct 99 : S/N 3961 (1963) Blue/blue. Excellent original. 46,477 miles. Lovely $39,500 Heritage Classics.
One or two others of same price in 1999.

24July 99: S/N 3955 (1962) Engine S/N 3885/Blue/tan 103,000 km. $47,500 Carugati, Geneva, Switzerland.
Here you get one with different engine, and +20,000 miles/+$8,000 than the previous car.

All the other cars back to March 1999 where I started are $30,000 or below.
Lowell Brown
1966 Gold 330 2+2 Series II

NOTRED
Posts: 32
Joined: Mon Nov 21, 2016 11:15 pm

Re: Value of GTE

Post by NOTRED » Tue Apr 02, 2019 7:12 am

Thanks very much.
C

Timo
Posts: 215
Joined: Thu Apr 13, 2006 8:56 pm
Location: Riverside, California

Re: Value of GTE

Post by Timo » Tue Apr 02, 2019 9:07 am

Few peanut gallery observations to consider :

A. Was #1 condition in ‘99 considered or perceived identical or even similar to what it is today ? Mind you that even today there appear to be huge variations in what people perceive or present as #1 condition while only very small percentage accurately qualify, regardless of make/model.
B. If truly done “right”, i.e. correctly and thoroughly, the cost of restoring a GTE (or any higher end vintage luxury or sports car) to a proper #1 condition in late ‘90s would’ve likely greatly exceeded asking prices of those listed above, including the highest one. (See A.)
C. How many proper #1 condition GTEs were there anywhere in ‘99 ? (See A. and B.)
D. Were any of the GTEs listed in ‘99 FMLs anywhere near #1 condition ? (See A., B. and C.)
Timo

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Tom Wilson
Posts: 1054
Joined: Tue Sep 03, 2002 1:01 pm
Location: Los Angeles, CA
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Re: Value of GTE

Post by Tom Wilson » Tue Apr 02, 2019 1:37 pm

Timo has a great point. I bought my car in early 2000 for $15,000 (T. Shaughnessy stopped bidding at $13,000). It was in need of a FULL restoration and there was no way that could be done for the $30-40,000 differential between it and the cars in the FML (as I have since proven). I don't think that makes the value of a restoration candidate zero, but it was pretty close...
Tom Wilson - Series III 250 GTE, SN 4247 GT
250 GTE Register
http://www.250GTE.com

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