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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

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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Tue, 29 Jul 2014

Prices keep climbing for the Ferrari 250 GTO with virtually no end in sight. In 1969 one sold for just $2,500, but by the 1980s they were trading for hundreds of thousands, then millions, then tens of millions to the point that the last last year, one was reported to have changed hands at $52 million. But now there's a GTO for sale in Germany that could eclipse even that gargantuan price tag.
Ferrari made 39 examples of the 250 GTO between 1962 and 1962, and the item listing on mobile.de doesn't give much in the way of specifics as to which exactly we're looking at. But last we checked, there were only two GTOs in Germany, and the other one was silver. That leaves chassis number 3809GT, which was delivered new in '62 to Switzerland and participated in numerous endurance races and hillclimb events throughout the early 60s. 3809GT has been owned until now by one Hartmut Ibing, who bought it in 1976 when values were in the tens of thousands, not tens of millions. Given how his asset has appreciated so dramatically, and with less than 10,000 miles on the odometers over 52 years, we could understand how Ibing would want to cash out.
Of course we could be mistaken and we could be looking at an entirely different example - the vast majority were, after all, painted red and fitted with blue upholstery just like this one - but either way, we're looking at a price tag of 47.6 million euros. That's nearly $64 million at today's rates, inclusive of Germany's 19 percent VAT rate that adds a staggering $10 million in taxes to the pre-tax price of 40 million euros, which comes in under $54 million but would still be the most ever paid for a GTO (or really, just about any car ever made).