250 GTE for sale

jsa330 · Post by **jsa330** » Mon Sep 13, 2004 3:13 pm

http://www.ferraris-online.com/pages/ca ... 50GTE-3641

andy · Post by **andy** » Mon Sep 13, 2004 9:12 pm

It's nice, but I'd rather have Tom's car.

Post by **tyang** » Mon Sep 13, 2004 10:47 pm

Andy: I'm flattered.

$85K!? Is that what real nice examples are going for? I've better call my insurance agent and bump up the agreed value!

Tom

william · Post by **william** » Mon Sep 13, 2004 11:50 pm

Very nice price seems high..??

William

Matt F · Post by **Matt F** » Tue Sep 14, 2004 12:46 pm

"Priced very right."
It says so right on the website!

(In fact all of Michael Sheehan's cars have similar statements.)

allan a · Post by **allan a** » Thu Sep 16, 2004 1:06 am

What is the value of a car like this based on todays market.

Allan

Post by **tyang** » Thu Sep 16, 2004 8:18 am

Hi Allan,

Buying a car that needs work, like paint, engine work, and interior for around $30-40K will have you spending $20K for the motor, $10K for the interior, and $10K for the paint. That does not include money for brakes, and other wear items that will probably need to be done. Add all this up and you have about $80K. I know people who have spent far more restoring these cars.

Some people like restoring the car themselves, so they know who did the engine work, and how the body was painted, but few people have the time or patience to take on such a project. This car looks pretty complete, but I would have to take a closer look to see what else it needs.

Is it worth $85K? At that price, everything had better be perfect because if it's not, you might as well spend that kind of money on a cheaper car doing everything right. If it is perfect in every way, then perhaps it is properly priced. Your negotiating skills can take it from there.

Tom

andy · Post by **andy** » Fri Sep 24, 2004 2:33 pm

I have emailed back and forth with Sheehan about other cars and he's always been friendly and open. If I had questions about the car (or the price) I wouldn't hesitate to contact him.

lukek · Post by **lukek** » Fri Sep 24, 2004 8:29 pm

I have actually called Hagerty and bumped up my agreed value. I guess the Lussos going from $140K to 240K dragged the 2+2s behind them somewhat.
I have seen 4 GTEs for sale in the last two months and took note of 2 auction sales. All the numbers were in the $55K-89K range.

This was posted elesewhere, but I think the selling prices are fairly realistic for GTEs:

no engine, or barn find $25-40K
3 condition (driver) car - $45-50K
2 condition - 50-60K
1 condition 60-75K

Add 10K for an America, 5K for a car located in Europe, or any special history.

Then again, it is my somewhat biased view, but still conservative considering the $85Kcar...I bet it will sell for close to that. If anybody knows the market, Sheehan is one of them.

lukek · Post by **lukek** » Mon Sep 27, 2004 7:20 pm

Here are more GTEs that are "out there", including the one that started the thread

http://www.daveolimpiautomobiles.com/fo ... index.html

http://www.heritageclassics.com/ferrari ... /Page.html

http://www.ferraris-online.com/pages/ca ... 50GTE-3641

http://www.vsoc.nl/collection_details_c ... carsid=286
(Listed for 89000 Euros)

http://www.oldtimer24.ch/?pageId=93&act ... &wagId=555

allan a · Post by **allan a** » Tue Oct 12, 2004 12:03 am

I still have a love for these cars but wanted a little more power. So for the last three years I have completed two Shelby American cars. The first was the alum body CSX 4000 with the alum 427 motor. I soon had the Shelby bug and was able to talk them into selling me one of their existing CSX 7000 289 FIA cars. The 289 FIA has to be the best car I have ever owned. Even with the leaf spring suspension the sound of the webers at WOT is the best sound ever, I know you guys will not agree. I plan on a Ferrari project in the next five years if I can find a vintage track car.

Cheers,

Allan

El Wayne · Post by **El Wayne** » Thu Oct 14, 2004 6:04 pm

FWIW, the Sheehan car sold for $78K.

Rudy van Daalen Wetters · Thu Oct 14, 2004 9:22 pm

$78K? Hope it included the belly pan.

Rudy van Daalen Wetters
1963 GTE s/n 4001