'Barn Find' Dino

[priley]

Anyone fancy taking a guess at what this will go for? Looks like it's barely holding together. I recall contemplating one requiring full restoration for £37k before deciding on the 355. My Fiat Dino Spider was still mid restoration and I couldn't face another.

http://www.pistonheads.com/classifieds/used-cars/f...

[jaisharma]

Slightly rusty....
My guess is 65k

[Andy 308GTB]

At least the auction house have had the honesty to use the correct description of the cars condition: 'rotten as a pear'

I think this will go for close to 100k.
The actual engine, transmission and other oily bits should be salvageable.
A horrific restoration bill combined with the log book could still bring this in at or below the price of a ready to go car.

A lot will depend on who restores the car and to what standard.

[longshot]

As said, it depends on who is going to do the work.

There is however a nice classic bubble building (imo) and so maybe the crazies will want it.

If sanity prevails, £30-50

If the sun is out, £60-80k

ETA. Is that an Aston rotting next to it?

Edited by longshot on Monday 19th May 09:19

[AndrewIC]

Put my neck out there and look at £100k - £120k, yes it is fairly knackered and will need a £100k+ rebuild, but it is matching and a two owner, so a nice piece to hold onto.

[Nmj]

AndrewIC said:

Put my neck out there and look at £100k - £120k, yes it is fairly knackered and will need a £100k+ rebuild, but it is matching and a two owner, so a nice piece to hold onto.

i agree

[priley]

And low mileage. I agree on the £50-£100 estimates; it's got to be £150-£200 to restore. And well done to the seller for keeping a steady nerve as prices rose. I reckon they judged it about right.

[anonymous-user]

I'm at the auction.

We were prepared to go to 80k.

Ended up selling for 115k plus the 12.5% buyer fee and the VAT.

Edited by NinjaPower on Saturday 24th May 15:47

[hunter 66]

My most disappointing drive in life form, old F1s to F3 to Porsches (Road and Race ) and Ferrari has to be the Dino by some way ...... pretty and you need to be short but never wish to drive again ...

[AndrewIC]

Pleased with my guesstimate, will be a nice car once it is done in a few years.

I find it funny when I can remember looking at these 10 years ago and this would pretty much the highest you could pay for one, even then most were around 60-80k.

[longshot]

AndrewIC said:

Pleased with my guesstimate, will be a nice car once it is done in a few years.

I find it funny when I can remember looking at these 10 years ago and this would pretty much the highest you could pay for one, even then most were around 60-80k.

Good guess!

I can remember about 20 years ago when these were not an expensive car at all and a bit of saving would have got you one. If only.

[rubystone]

AndrewIC said:

Pleased with my guesstimate, will be a nice car once it is done in a few years.

I find it funny when I can remember looking at these 10 years ago and this would pretty much the highest you could pay for one, even then most were around 60-80k.

It'll owe 220k min and it isn't a GTS. I'd worry about owning a 246 that owed me that much in 2015.

[Get2Jaime]

According to the Ferrari owners club it went for 115k....

[Nmj]

rubystone said:

It'll owe 220k min and it isn't a GTS. I'd worry about owning a 246 that owed me that much in 2015.

well i have to say i think you are way off the mark and i would happily have 10 restored Dino's owing me that

[rubystone]

Nmj said:

well i have to say i think you are way off the mark and i would happily have 10 restored Dino's owing me that

As said before, you are a trader. Therefore it is in your interest to talk the market up.

[rubystone]

Nmj said:

well i have to say i think you are way off the mark and i would happily have 10 restored Dino's owing me that

As said before, you are a trader. Therefore it is in your interest to talk the market up.

[anonymous-user]

Get2Jaime said:

According to the Ferrari owners club it went for 115k....

Is there an echo in here?

[Nmj]

rubystone said:

As said before, you are a trader. Therefore it is in your interest to talk the market up.

that has nothing to do with it , you miss the point , if you want me to i am happy to explain "market forces" to you

[rubystone]

Nmj said:

that has nothing to do with it , you miss the point , if you want me to i am happy to explain "market forces" to you

I know all about market forces. I studied the subject in depth after the last time classic car prices bubbled in this way; 1990. I could also explain CAPM, Arbitrage Pricing Theory and why these are relevant to those that choose to include cars in their portfolio and what effect the rebalancing of a portfolio could have on certain asset classes. But it sounds like you already have a good handle on such influencers. Or maybe you are simply long on Dinos?

[longshot]

It seems to me that the only market force right now is greed and people hoping they can get in and out again on the up side of the slope.
Having watched this back in the 90s I find it hilarious and sad at the same time.

I wonder if people will start spending 100k on Mk2 Jags again or vacuum bagging new cars?

Edited by longshot on Sunday 25th May 10:57