Are GTV's good collector cars?

[Chi Si Dici]

5 years ago, a friend bought a Sprint Speciale for $16,000 +/-, today it will cost you $28,000 to get one in pieces in numbered boxes! A good one will set you back at least $65,000.

Also, look what has happened with Sprint Coupes.

A few months ago, a real nice example of a '67 Giulia Super exchanged hands for $34,000. This same car will continue to increase in value because the costs of restoring cars to the correct level is amazangly expensive. By the time I will complete my Super, I will have over $30K into it.

Days of finding a real good car for minimal $$$$ are gone. Not just an opinion, #'s above are facts.

[harryf]

Highest achieved (not asking!!) price I heard of in the UK was for an immaculate 1750 GTV in London that went for about $45-50,000 USD. It was the subject of a bidding war between two buyers and went for substantially more than the asking price.

6 months later same car is back on the market with buyer asking for the same price he paid. See Classic Alfa - Alfa parts, Alfa spares - Alfas for Sale But honestly, I can't see it getting more than $30-40,000 on a very good day in the current market.

I talked to a nice bloke who was restoring a 66 GT and he reckoned it would be costing him the equivalent of $70,000 USD, though our labour costs are typically higher here than in the US.

[rockiemosley]

All good advice above. I would say spending money on an Alfa GTV is not so much an investment as money spent on a hobby, that you may be able to recoup one day if you are really in dire straights. That being said, I still cry about the rust free 1972 Porsche 911s I restored in the late 1980's and sold for $10,000. Couldnt touch that car nowadays for under ? what maybe 70 grand? By the time you spend your time, money and effort on fixing a car really nice, it will be your best friend (to your wife or girlfriend's dismay) You will never want to get rid of it if you fix it up right, and it will cost alot of bucks, bloody knuckles, and backaches. If you want a hobby, then by all means get the best one you can afford and start from there, but dont do it as a money making scheme, as whatever you make on it will be small potatoes compared to the heartbreak you will feel as you watch the next fellow drive off in your pretty baby. I really dont think I will sell my current GTV until they put me in the old folks home. And I will cry then.

[mixxx66]

I just wanted to add that factoring the UK market alongside the US is not an apples to apples comparison. I'm from the UK & the mindset w/ Alfa's of all types is totally different there than here in the US . The most popular are the Stepnose models & they tend to command more than the GTV's (seen them sell for 20k+ sterling). Just reach out to Alfaholics & you will see that the modified cars sell for more than unmodified, we love to drive hard !! As far as Classic Car magazine values go , most Alfisti in the UK dont go by their price guide . We have a lot more choice on this side of the pond so maybe our values are slightly less than in the States. Buy it, modify it (or dont) & drive the hell out of it m8 !! Well taken care of Alfas that are set up correctly will always be in demand.

Cheers,
Mick

[series1gtv]

I'm always disappointed to hear discussions of value on any enthusiast BB. Money is the great Fun suck of any hobby. To each his own and all that but.. It really doesn't matter what the car is worth, what is it worth to you....to your life, your enjoyment? Honestly in the real world, isn't value a personal thing? In other words something is woth what someone will pay for it. I'm just grateful to be the custodian of this facinating piece of machinery. I'm not sure, but I have heard stories about the big collector car market crash of the late 80's early 90's was driven by speculators...
That said, I totally agree with the above, buy the best you can afford and enjoy the heck out of it.

[green 69 gtv]

Quote:

Originally Posted by series1gtv I'm always disappointed to hear discussions of value on any enthusiast BB. Money is the great Fun suck of any hobby. To each his own and all that but.. It really doesn't matter what the car is worth, what is it worth to you....to your life, your enjoyment? Honestly in the real world, isn't value a personal thing? I'm just grateful to be the custodian of this facinating piece of machinery. I'm not sure, but I have heard stories about the big collector car market crash of the late 80's early 90's was driven by speculators...