Ferrari that’s rusted in a garage for 30 years

Ferrari that’s rusted in a garage for 30 years

Author
Discussion

POORCARDEALER

8,540 posts

247 months

Monday 20th February 2012
quotequote all
car will doa fortune, it is just how they like to by them

Roman

2,032 posts

225 months

Monday 20th February 2012
quotequote all
Take a typical condition 3 car, sprinkle with cement dust and cobwebs, get it photographed professionally and hey presto - instant 'Barn Find', loads of free press coverage and an inflated price!

98elise

28,086 posts

167 months

Monday 20th February 2012
quotequote all
Great project.

i often wondered why someone would restore something like this. When the costs would far exceed what it would be worth, and you could buy therefore buy an already restored car for much less money.

Then on a similar thread to this someone explained that the sort of person that buys a project like this, already has a fleet of new ferraris that cost a fortune and will never be worth what they paid. The money is not an issue.

Buying a restoration project lets someone purchase a car they probably loved when they couldn't afford it, and they can restore it to the spec they want. Regardless of what it costs, it will still be no different to the sort of losses you would see on a new car. The difference being that this model isn't owned buy lottery winners and football players smile

sticks090460

1,103 posts

164 months

Monday 20th February 2012
quotequote all
I've seen cars being driven around in a worse state than that!

CDP

7,526 posts

260 months

Monday 20th February 2012
quotequote all
Noesph said:
rat look Ferrari? get it going, leave the rest.....
That's more patina than rat look. I'd be inclined to drive it like that for a bit before full restoration.

Besides that interior looks like it should be revived with a little effort.

456mgt

2,505 posts

272 months

Monday 20th February 2012
quotequote all
I quite like these old 250s, always make me think of the Ant Hill Mob for some reason. Having said that, I wouldn't place a premium on this one. From a financial viewpoint I suspect the best approach would be buy it and wait for the market to value an unmolested one. The usual fate of resto projects: http://www.pistonheads.com/sales/3526993.htm

When I last looked these were 90-120K range. Fully restored tip top one £140K http://www.classicdriver.com/uk/find/4100_results....

kev b

2,724 posts

172 months

Monday 20th February 2012
quotequote all
What's the betting this car reappears in a couple of years as a 250 GTO replica.Theres a current thread about this practice on the Ferrari Life forum. Luzzago-butcher of 330 GT etc.

JC2012

517 posts

222 months

Monday 20th February 2012
quotequote all
What a cracking project if only money was no object to me i'd be down there placing a bid and revive that Ferrari back to its former glory.

LotusOmega375D

8,040 posts

159 months

Monday 20th February 2012
quotequote all
kev b said:
What's the betting this car reappears in a couple of years as a 250 GTO replica.Theres a current thread about this practice on the Ferrari Life forum. Luzzago-butcher of 330 GT etc.
I was surprised to see it still had an engine. As you say many of these were chopped for use as donor car replicas back in the 1980s. This used to be one. I knew it well before it was smothered in all those tacky stickers. Currently for sale at Foskers.