[Stjudesgarage]

I have the opportunity to buy a Giullietta spider normale (1962) model. One that I have been asking about for 10 years. Its a huge project. with the need of trunk floors, lower rear quarter panels. It has an incorrect engine (its a 750 engine) and the car is partially disassembled. It does come with a hard top, and the basic car seems pretty solid, but it would be a lot of work. The owner, finally realized that he is never going to get to this project and asked me to name a price. My question is for a giullletta in fair condition in need of lots of work, what is fair to offer?

thanks

David

 

[concept 101]

As there´s no indication where you are based, I suspect a question might arise on what currency it is about, US dollars, australien dollars, euro, british pounds, italien lire (just kidding)?

Pics if available also use to be of great help.....

Dennis

 

[Stjudesgarage]

I am in Atlanta GA - US

no pictures at the moment, but car is really in only fair condition

 

[alphil]

Just for openers. Is it complete,straight,any accident damage? Did it run/shift(4,5spd.)/drive/stop when parked? 750 Normale eng.? Is the top a metal Pinin Farina? Pictures!! Phil D

 

[Alfajay]

- Without seeing the car - ideally in person, but certainly in pictures - there is no way to give an intelligent appraisal.

- At this end of the market (e.g., the low end) appraisal really gets "loosey-goosey". Prices depend less on the car and more on how enthusiastic the prospective buyer is to take on a restoration project and how motivated the seller is to clear out their garage.

As you describe it, this car has negative value: there's no way you could restore it for less than its market value when complete. It would be cheaper to buy a good, finished Giulietta. It might have some value as a parts car, but not as a restoration project. Restoration can be fun - I'm not trying to talk you out of doing it - but you can't apply economics to a project like this.

 

[concept 101]

There´s also another aspect of adding up the future resto cost and thus keeping the car in the money or out of the money, namely how much can you do yourself? Can you do the metal job, disassembly, reassembly, mechanical jobs, some polstering or interior, maybe even the paint job etc.....?

How many parts are missing on the car? Spare parts are getting expensive nowadays.....

Dennis

 

[alphil]

PM sent

 

[Andrew]

You could review completed sales and no-sales on ebay to get some idea of what folks are bidding for such projects. Biggest issues are overall body condition (rust and accidents), completeness and originality of pieces, and whether Veloce/Normale. There's a project Veloce on ebay right now that I'm sure a lot of folks are watching.

Until early 2014, prices were very strong, but have been off by some percentage since then. Seemed like every done Veloce was a $100K car then, that's not the case now.

Projects are hard to value because they all have different good and bad points.
Andrew

 

[Andrew]

After re-reading your note, I think the first thing to decide is whether you really want such a major project, regardless of cost. Giulietta Normale prices are not such that it's not really economical to fully restore one that needs floors, rockers, trunk, the right engine, etc. It's a huge amount of work and money. If you want to do it yourself for the experience and pleasure, great. But if you have to pay for the work you won't come out ahead compared to buying a done car.

I'm in year three of going through a 58 Normale, which was a basically whole, driveable whole car when I got it. I'm doing the work myself on no real schedule, but it's still not cheap and it can really drag out. Still remains to be painted, the biggest potential emotional trauma of all.

Andrew

 

[6alfas]

Before you even talk money you should do an inventory to insure that everything is there (or at least very close to being complete) especially the correct seats, seat tracks and every bit of trim. Dennis is right, spare parts are expensive....

 

[divotandtralee]

- Restoration can be fun - I'm not trying to talk you out of doing it - but you can't apply economics to a project like this.

Well stated...if you are concerned about the up front cost being right, the economics won't make sense because this car sounds like it might have more value in parts than a restoration and even at that it becomes dodgy.

 

[APMALFA]

Fair price

I see this is a few weeks old but thought I would respond. I have just finished a 9 year restoration or my late 59 normale now with reversible Veloce upgrades. bought the car in 2005 for $1500 with spare engines (4) transmisions (3) extra doors, hood, trunk and boxes of other parts from scraped cars. $45000.00 later I think it is up there with the best I have seen out there. I did all the work myself except the new sheet metal. Floors, Trunk, Rockers (10,000) so if you do not do most of your own work these have become very expensive to do the right job on them.

 

[Ohiospider1975]

The original question here regarded valuing a Giulietta/giulia spider. No one provided any price gauges. No numbers were given on value, only on cost plus basis ( I bought it for X and put Y more into it). On EBay regularly sellers are requesting $52,000 up to $95,000 U.S. But there are no buyers at these high prices. The cars list and re-list continually, and act as a price ceiling more than an ad for a car sales. Recently a 101.23 was bid to $42,000 but did not meet the reserve price. A week later the same car was re-listed with a Buy It price of $52,000. Then, No bidders!

Is there this continued disbelief in owners valuation versus what buyers will pay? It doesn't help set values for the rest of us. I am not talking rust buckets here nor fully gone-over vehicles handled by the major national auctions. I am talking restored, but driven and enjoyed and well maintained 101s. I have a hard time valuing a car for more than people will pay.