Rats leaving sinking ship

[Lightweight_911]

- but a much bigger market ...

[Mike]

that's only a concern in the Porsche world really as there are so many thousands of them out there!
Ferrari's are all about rarity........

[210bhp]

that's only a concern in the Porsche world really as there are so many thousands of them out there!
Ferrari's are all about rarity........

How rare is this model Mike?

Regards
Mike

[Mike]

Only 154 rhd Mike.

[Project 911]

I agree Mike, but then "normal" 308 on that auction were bit on a low side. Vetro will be on its own due to rarity and especially RHD but for all the others price increases have been completely ridiculous since beginning of 2014. Its quite funny how some owners of those run of the mill 308's are trying to ignore that market is getting back more sense and are still trying to talk values up (I'm talking about LHD market). But this was of course bit sour comment as I want to buy one. :D

[Mike]

yep around 12,000 steel 308's over a ten year period, against the one year only fibreglass model.
A little like comparing a 73 RS with all the T's E's ever made, similar numbers.

[davep]

On the Bird the discussion seems to hint that the estimate vs the hammer price difference may be due to lack of quality in what was on offer.
Shiny paint does not offset poor panel gaps and incorrect pieces. Some high priced cars still needed tens of thousands spent on fixing deficiencies. I pointed out the 1965 with an incorrect ignition switch; it has the larger bezel from 1966 model year.
It appears to me that the previous strong price growth has drawn out ill-prepared cars and a bunch of flippers.
Now, are the flippers just trying to make a profit, or are they finding the purchases not up to snuff, and trying to unload them again?
The auctions are a poor place to purchase cars since you really do not have an opportunity to kick the tires as it were.
Perhaps the buyers are wising up, do not like the exorbitant fees, nor the lack of liability on the part of the auction house.

[72911E]

The '67S that was sold for $205K plus premium was sold 12 months earlier for $300k and was restored by Willhoit Restorations. I know the previous owner who sold it for $300k

https://willhoit356.smugmug.com/Complet ... /i-F6mX2Mc

[davep]

The '67S that was sold for $205K plus premium was sold 12 months earlier for $300k

That is quite a haircut.

[jb21]

Ah, now this one of my favourites. 308 numbers are not straightforward.

I would not think about 308 as Fibreglasss vs all the rest i.e. 7/800 glass vs 12000 308's. It's spot on for the glass cars in numbers but not that simple for the 12000.

Sure the glass are the first and the rarest and the most collectible. Always will be. Would love one. But no special performance vs say, an early steel dry sump carb car which are also desirable and much less money.

Looking at the 12000 number properly you have to assume 30% of total 308 production went to US and gained 100kgs in safety/compliance, so park those.

And you should separate out all the less desirable early injection cars that lost 15% power before the much better, QV emerged in 83-85 with full performance restored in an easier to live with package.

When you see a 308 sell low it's usually a US or an early injection car.

I would say the run of truly worthwhile 308s, excluding the glass cars, is more like 5000 than 12000 with less than 1000 rhd cars all told.

Perhaps we can think of the heavier or less powerful variants of 308 as the T's and E's vs a '73 RS, but the dry sump, carb and QV cars are more like, in numbers, the 2.2/2.4S cars to the RS, if that's the Porsche analogy we want to use. And they are the equal of the glass cars in performance where the S cars are not to the RS. With the Ferrari badge and looks there's no way they should be 60% of the price of a decent 2.4S. They won't be for ever. The market could make that happen by cutting values on the S cars but a run up in 308 glass cars would doubtless drag the best early steel, carb and QV prices higher too.

Full disclosure: I own a '72 2,4S and an '85 QV so I am invested on both sides of the debate!

Can't vouch for the below as gospel, sourced off the net, but it looks broadly accurate.

1976 - 308 GTB (Fibre glass) = 712 - RHD UK = 154
1976 - 308 GTB (steel) = 2,185 - RHD UK = 211
1978 - 308 GTS = 3,219 - RHD UK = 184
1981 - 308 GTBi = 494 - RHD UK = 42
1981 - 308 GTSi = 1,743 - RHD UK = 67
1982 - 308 GTB QV = 748 - RHD UK = 74
1981 - 308 GTS QV = 3,042 - RHD UK = 233

Total = 12,143

UK RHD = 965

yep around 12,000 steel 308's over a ten year period, against the one year only fibreglass model.
A little like comparing a 73 RS with all the T's E's ever made, similar numbers.

[bjmullan]

One of those glass-fibred 308 made it to Northern Ireland and crashed just a few hundred yards from my house, must have been 1977! Was surprised to see the glass fibre when I looked at the car.

[neilbardsley]

A little correction isn't should a bad thing? Make make parts/servicing and dream cars a little cheaper for those of us which don't intend to sell anything?

[camperco]

I don't know about stateside auctions but don't forget that nearly every Porsche sold at auction around here has got something wrong with it. Top end dealers should be achieving higher prices but not in public of course.

[kitesurfer2]

Have owned 3 fibreglass 308's, including one with the Sprint pack, nice, but would rather own a 911.
The driving position is very offset and the horizontal steering wheel odd. Also all the metal bits still rust like any Ferrari.
The gated gear change gives a great sense of occasion though, and the styling is nice.

[964RS]

They're still 308s however many made...do you want to be a pretend Magnum PI while sat in your garage wondering what it's like to drive one


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