Ferrari that’s rusted in a garage for 30 years
Discussion
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
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
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....
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 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.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff