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Posted by MI-Roger [Email] (#882) [Profile/Gallery] (more from MI-Roger) on Fri, 22 Apr 2016 03:31:36 Share Post by Email
In Reply to: You might be on to something, No Snaab, Wed, 20 Apr 2016 04:41:15
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One of my car magazines that arrived last week had a rundown of recent auction sales held by the big boys. Anway, one of the featured cars in the article was a 348 that sold for around $40k. The auction may have been in Scottsdale. I don't recall any writer comments indicating this was either a Fantastic buy or a poor condition car.

So I guess the nearly $100K asking prices are just owner's wishes. No Reserve auction sale prices are much much lower.

Found the details:

Results from the late January Russo and Steele Auction held in Scottsdale AZ were highlighted in the June Hemmings Sports & Exotic Car magazine which arrived this week. A 1991 Ferrari 348 sold for $41,800. Car had only 43,900 miles, was a Condition 2 Minus original, with receipts totaling nearly $30K for work done in recent years.

Writers compared this transaction price against the average selling price of $48,900 and judged it to be a reasonable buy.

Realize this is a 25 year old car with under 44K miles of use! 1,800 miles of use annually and $30K of service receipts for recent work.

Not a car for the faint of wallet.


->Posting last edited on Fri, 22 Apr 2016 16:36:36.
_______________________________________
Saabs owned:
2008 9-5 Aero Sedan, sold at 227K miles
2006 9-3SC 2.0T - Wife's daily driver
2000 Viggen Convertible - Sold May, 2022
1964 Quantum IV Formula Car - Retirement project
2000 9-5lpt Sedan, sold at 318K miles
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