Ferrari Mailing List: Re: Ferraris and Barrett-Jackson

I have a client who has a 1989 328 GTB with 7k miles on it. As far as I know 
there were only 35 "B's" built for the U.S. in that MY. He was offered $80k 
for it a year or so ago. He still owns it. Rosso Corsa is a prettier color 
than green any day of the week.

----- Original Message ----- 
From: "Azam, Naweed S" <Naweed.Azam [at] sonyericsson.com>

To: "Daniel" <edwf430 [at] bellsouth.net>

Cc: "The FerrariList" <ferrari [at] ferrarilist.com>

Sent: Tuesday, January 22, 2008 3:48 PM

Subject: [Ferrari] Ferraris and Barrett-Jackson
Hi, some thoughts on this.

One of the Speed TV hosts commented that the B-J auction is primarily for 
the muscle car crowd into pure Detroit metal.  Despite that, there were 
about a dozen or so Porsches that went across the block along with some 
interesting Italian cars:

1991 Lamborghini Diablo for $112,500.00 (a bit on the low side IMHO)
1988 Ferrari 328 GTS with 19,529 miles for $70,000 (a bit on the high side 
IMHO)
2003 Ferrari 456 GTM with 2,400 miles for - I'll get to that in a 
minute...

The 456 GT is wholesale (or should I say Clyde's value) worth around $70K? 
Incredibly, the opening auction bid was $75K.  It finally sold for an 
astonishing $137,500.00!  I don't believe the buyer was an expert in 
Ferrari - I think he just wanted to outbid everyone else.  I have seen 550 
and 575M Maranello's going for that kind of money at dealers and private 
sellers so why would you pay 550/575 money for a 456 GT if you know what 
the hell you are doing?

While we are talking about the 456GT, I think there have been some folks 
on this list who have advised to stay away from that car no matter what. 
Isn't it the same engine and chassis as the 550?  Take a look at this 
interesting page on the long term cost of ownership of a 550:

http://www.sportscarmarket.com/articles/archives/939

What amazes me is the frequency and types of problems the 550 went 
through.  The author makes a comment that the cost of ownership was 
approaching that of an M1 tank!  As an F355 owner I have to disagree with 
some of the comments like "the F355 has more service bulletins than the 
space shuttle" or "the F355 is a heap".  My one year cost of ownership 
having done only about 5,000 miles was a bank breaking $97.00 to replace a 
worn coolant hose clamp in the front of the car.  I can't say I consider 
the F355 or 456 any worse than a 550, and I don't know if the 550 is a 
better car, despite several folks having an opinion that is far superior.

If anyone has any comments (or some real data) that support why the 550 is 
a better Ferrari than the F355 or 456, I would like to hear your opinions 
please.  I am considering a 2+2 Ferrari and have narrowed it down to 
either a 456 or 365 GT 2+2, with "newness" being the reason for the 456, 
and styling the reason for the 365 GT.

And finally, a 1989 Ferrari 328 GTB (haven't seen a 328 GTB come up for 
sale in a long time) will be auctioned off next month in Hawaii if anyone 
is interested.  Can you think of a better way to have a winter holiday 
than in Hawaii driving a newly purchased 328 GTB?  I bet a GTB in Hawaii 
will bring in far less than a comparable year/mileage GTS in Hawaii at 
auction even though the GTBs are considerably rarer.  Again, I don't think 
the owner is a Ferrari expert - they have the car advertised as a "1989 
Ferrari 328 GTB Spyder".  The pictures show it is definitely a Berlinetta. 
Who knows, maybe it's another one off by Pininfarina for the North 
American market!

Peace to everyone,
Naweed.
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Re: Ferraris and Barrett-Jackson	<– Date –> <– Thread –>
From: Dan Warlick (edwf430bellsouth.net)
Date: Tue, 22 Jan 2008 13:24:39 -0800 (PST)