Posted by Scott
Anyone out there have a view on the final bid on this car? I have seen others for around $120m in much better condition and not just out of a chicken coup. Any idea what a full restoration by a professional would cost on a car such as the one sold on Ebay?  
Lusso on Ebay for $90,000
Re: Lusso on Ebay for $90,000
Posted by Tom
Hi Scott,
That Lusso baffels me as well! 90K is a ton of money on a car that needs extensive work. If someone were to send that car to a Ferrari restoration shop for a ground up restoration (which is the only choice due to it's condition) costs would easily rise past the 100K mark.
Decent Lussos are currently selling in the 150K+ range, so I can't imagine this making much economic sense. I would love to make a Lusso my next long term project, but even with me saving the money by doing the work myself, it would not make sense at these prices!
Tom
Hi Scott,
That Lusso baffels me as well! 90K is a ton of money on a car that needs extensive work. If someone were to send that car to a Ferrari restoration shop for a ground up restoration (which is the only choice due to it's condition) costs would easily rise past the 100K mark.
Decent Lussos are currently selling in the 150K+ range, so I can't imagine this making much economic sense. I would love to make a Lusso my next long term project, but even with me saving the money by doing the work myself, it would not make sense at these prices!
Tom