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1988 Ferrari Testarossa Coupe. Stunning, Very Rare Example. No Reserve! on 2040-cars

US $65,000.00
Year:1988 Mileage:26060
Location:

United States

United States
Advertising:

1988.5 FERRARI TESTAROSSA COUPE.  Classic Red over Camel Hides.  Very low mileage, well-maintained example. 

 

This is a spectacular opportunity to acquire an incredible example of one of the world’s iconic Italian supercars in superb condition.  A rapidly appreciating Testarossa, specifically a 1988 mid-year model when the wheels and many other upgrades were introduced, this special example features the ideal Ferrari livery combination: Red, Tan, Black (obviously standard Testarossa dashes were chocolate brown).  Years ago, the current owner spent three years seeking out this ideal combination worldwide until finding the ideal, well-maintained vehicle to add to his/her collection.

This Testarossa is owned by a significant private collector in the Mid-Atlantic and has been his principal driving classic for years.

As is obvious in the photos (all of which were taken in advance of this listing on June 28, 2014), the car is in extraordinarily straight condition.  It has been aggressively maintained without concern at expense throughout the owner’s tenure. 

As you would expect:  The vehicle starts instantly and performs flawlessly.  The leather headliner is perfect, the high performance tires have ca. 90% remaining: Note tire nobs still visible in the photos.

No hangar queen, this vehicle is driven biweekly and has never been on a track for any reason to the seller’s knowledge. 

Despite the vehicle’s amazing condition, seller classifies it as technically a driver given ever slight signs of age of the vehicle, evidenced in the photography.  Among items, the car does have things like flawlessly matched road chips, very minor wheel scuffs, and leather scuffs/dash edging that betray to a judge or collector it’s not a 2014 model.  That said, all photos in this listing were taken on an unforgiving sunny afternoon to betray any flaws.  Obviously they are few and hard to identify. 

The car is stunning and is photographed at almost every stop light by adjacent drivers.   It is far and away the most attention grabbing automobile, Ferrari or otherwise, that seller has ever owned.

Should prospective buyers wish to see or inspect the vehicle, seller can arrange for the vehicle’s transport and mechanical inspection (fully at the prospect’s sole expense) in the care of one of America’s very few Factory-authorized Ferrari Master Mechanics.  Because the vehicle is currently at a secure, second home private location with armed security, there will be no inspection on other terms.  As a policy, seller does not allow test drives of any collection vehicle.  Thank you for your interest.

Of course this vehicle includes Ferrari tools, books, and records to include original window sticker copy from Walnut Creek Ferrari, California ($135, 050.00 USD).

WHY THIS CAR?

This car model is an extraordinary piece of automotive history.  It is an iconic, stunning design with shapes and curves that still stop the seller in his tracks years into his ownership.  The side grills, feeding separate engine banks, still amaze and their graceful slope make the car smoother and smoother as the car speeds up.  Kids and folk in the forties and fifties still ask if they can take their photo with the seller at every fuel stop.  For some reason, this car model has come to embody the supercar of the 1980s, without the ergonomic and mechanical baggage that many of us have experienced with other Italian supercars of the same period. 

The Testarossa market is indeed showing life and this vehicle likely well represents a credible opportunity to secure a position in that rising market.  Unlike the early and later eight cylinders, the Testarossa remains the most affordable largely handcrafted twelve cylinder Ferraris.  With a tubular frame, it is also a relatively advanced and straightforward design with modern adaptations beyond the achievements of the Boxer Series.  This example will flourish and allow the next owner to enjoy and drive the vehicle a great deal during this appreciation phase before exiting, in many years, with a still-low mileage, clean and perfectly optioned example.

SERVICE STATUS:

The car has been aggressively maintained by the current owner by factory trained mechanics throughout his tenure.  An experienced Ferrari collector, the vehicle has been maintained constantly without price being an object.  In preparation for the listing, the vehicle had a typical annual service and what he refers to as biannual private sorting, e.g. perfect fresh battery, fresh dual window switches, fluid services, etc…  (Done by Competizione’s Master Ferrari Mechanics the week of 23 June 2014).

As mentioned above, the vehicle is driven usually at least biweekly and has no storage/idling issues common to virtually every other Ferrari that is only stored, polished and shown.  It is driven and used and in tremendous mechanical repair as a result.

Of course the vehicle had a full engine out (30k service) and clutch replacement service at Ferrari of Washington at 20560 miles (5500 miles ago).  Seller is aware of no outstanding service needs.  As obvious in the photos, the engine bay is extremely straight and clean.  (Note that the original flaking foam deck lid insulation is long gone.  Lid lighting cables have been wrapped and protected in aviation grade heat sheathing.

Seller would embark instantly on a coast to coast drive in this vehicle from the garage without either hesitation or preparation of any kind to the vehicle.

TERMS:

This is indeed a NO RESERVE AUCTION.  Seller intends fully to honor any authentic bids made. 

To prevent any misunderstandings:  Please ask any questions in advance.  Seller is a very private party and not a car dealer;  Unfortunately please ask any and all questions before bidding as any deal is fortunate, but final.  Assume there is nothing beyond the photographed.  Buyer must provide for a significant deposit within 48 hours and payment in full by cashier check, certified funds or wire transfer within seven calendar days.  If you cannot afford the vehicle, please do not bid.  If the successful bidder fails to meet any term, seller will immediately issue a second offer to the next fortunate bidder.

This will be an extraordinary addition to any collection.  There are lots of clean, strange colored TRs on the market or others that were inappropriately cared for during their lives.  If you know the market and these cars well, you’ve likely already realized this is a special vehicle.

Heartfelt thanks for your interest.  Best of luck in your own auto pursuits and adventures….whatever they may be!

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Ferrari Testarossa featured in retrospective by owner Harry Metcalfe

Fri, 24 Oct 2014

Harry Metcalfe, of Evo fame, got our attention earlier this week with a review of the 1954 Series I Land Rover. Today, he's gone a bit more... '80s.
Yes, this is a 1987 Ferrari Testarossa, one of the most vulgar cars from a decade synonymous with vulgar design. While your author might not be keen on its square rear end and cheese-grater doors and fenders, Metcalfe seems to like it quite a bit, giving a detailed walkthrough of his Rosso Corsa subject. That walkthrough includes some time on a subject we can certainly get behind - the TR's flat-12 engine.
Take a look at the latest from Harry's Garage.

$1.3B worth of classic cars were auctioned in 2014

Sat, Dec 27 2014

The collector auto market in the US just continues to expand with the values of vehicles seemingly only growing in the past years, especially if they have a prancing horse on the hood. This year was no different. According to data compiled by classic car insurance agency Hagerty, there were about $1.3 billion worth of vintage rides auctioned in North America in 2014, up just slightly from $1.2 billion crossing the block in 2013. If you want an idea of just how big a role the Monterey Car Week plays in the North American collector hobby, Hagerty's stats illustrate it perfectly. The company recorded $430 million in auction sales during the week – about a third of the entire market for the year. The event also hosted the biggest seller of 2014 when the hammer fell on a 1962 Ferrari 250 GTO (pictured above) for $38.115 million at Bonhams. In fact, vintage Ferraris in general were among the top buys in the classic auto world in 2014. Eight of the ten most expensive vehicles sold at auction were Prancing Horses (the other two were Ford GT40s). Also, the insurance company's price index for these Italian stallions showed a 43-percent gain in value for the year. The market for another Italian supercar is exploding, as well. The Lamborghini Countach showed a staggering 175-percent growth in auction value in 2014. According to Hagerty, the average price when they crossed the block was $736,599. Judging by Hagerty's numbers, there were still some places to look for those hoping to spend a bit less money. The Aston Martin Lagonda showed a strong gain in value with a 32-percent increase in auction price, but they still averaged $47,078. In addition, the company's index for '50s American cars showed only one-percent growth for these classics. These huge leaps in collector car value might be winding down, according to Hagerty. It predicts growth in the market to slow to an estimated five percent gain in 2015. Maybe a few of these classics might actually become a bit more affordable to fans without such deep pockets sometime in the future. Featured Gallery Bonhams Maranello Rosso Collection: Monterey 2014 View 21 Photos News Source: HagertyImage Credit: Copyright 2014 Drew Phillips / AOL Aston Martin Ferrari Lamborghini Auctions Car Buying Performance Classics aston martin lagonda ferrari 250 gto Lamborghini Countach collector cars 1962 ferrari 250 gto auto auction

Weekly Recap: FCA hit with record fine as NHTSA crackdown continues

Sat, Aug 1 2015

The National Highway Traffic Safety Administration slapped Fiat Chrysler Automobiles with a record fine this week that could reach $105 million. The punishment comes after NHTSA found problems with the automaker's execution of 23 recalls that affect more than 11 million vehicles. The consent agreement, announced Sunday, calls for FCA to pay a $70-million cash fine and requires the company to spend at least $20 million over a three-year period on industry outreach programs and to beef up old recall campaigns. Failure to comply will result in another $15-million fine. FCA also agreed to federal oversight, which includes an independent monitor to oversee the company's recalls. The $70-million cash fine equals a penalty NHTSA levied on Honda in January. "Fiat Chrysler's pattern of poor performance put millions of its customers and the driving public at risk," NHTSA administrator Mark Rosekind said in a statement. "This action will provide relief to owners of defective vehicles, will help improve recall performance throughout the auto industry, and gives Fiat Chrysler the opportunity to embrace a proactive safety culture." FCA called the deal a "consensual resolution," but admitted that it "failed to timely provide an effective remedy" during certain recalls. "We are intent on rebuilding our relationship with NHTSA and we embrace the role of public safety advocate," the company said in a statement. The announcement kicked off a busy week for the automaker. NHTSA agreed FCA did not need to recall 4.7 million vehicles after an investigation failed to find defects with a power module used in some Jeep, Dodge, and Ram vehicles. A Georgia judge also reduced a civil verdict involving a death in a Jeep Grand Cherokee crash. Amid all of that, the company reported net profit of about 333 million euros, or $364 million in the second quarter on Thursday. OTHER NEWS & NOTES FCA ramps up Hellcat production Despite a decidedly legal and financial week for FCA, there was still time for the performance side of the business to briefly grab the spotlight. The automaker is more than doubling its production of the Dodge Challenger and Charger SRT Hellcats in response to strong demand. The order bank opens the second week of August and production begins in September. FCA will finish up its scheduled 2015 model-year Hellcat builds, and cancel any "unscheduled" versions, though customers will get discounted pricing for 2016.