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Welcome to our very first Auction Car of the Month! Each month, we’ll be plucking a truly special vehicle from the listings that’s got us talking, whether it’s for its rarity, its story, or just because it’s plain cool. To kick things off, we’ve found an absolute gem. A car that ticks all the boxes and then some. It’s a story of a forgotten Ferrari, a time capsule from the 1980s, and an opportunity that will have classic car enthusiasts weak at the knees. Say hello to the 1989 Ferrari 328 GTB with an unbelievable 891 miles on the clock, emerging from a barn after decades in hiding.
This isn’t just any old Ferrari. This is a car that was registered on the 1st of December 1989 and, not long after, was tucked away in a barn in the 1990s and seemingly forgotten about. It’s being offered from a deceased estate, having been with its last keeper since 1991. Imagine that. While the world moved on, this prancing horse was sleeping, waiting for its moment to be rediscovered. The result is one of the lowest mileage 328s on the planet. A true time warp machine.
A True Analogue Supercar
The Ferrari 328 is often called the last of the truly analogue Ferraris. It was the final evolution of the 308, a car made famous by a certain moustachioed private investigator in Hawaii. Penned by the legendary Leonardo Fioravanti at Pininfarina, the 328’s design is a masterclass in understated beauty. It’s a shape that has aged like a fine wine, with none of the fussy wings and aggressive angles of later supercars. It’s powered by a glorious 3.2 litre V8 engine, mounted right behind the driver’s head, producing 270 horsepower and a symphony of noise that will make the hairs on your arms stand up. [1]
This particular car is a GTB, which stands for Gran Turismo Berlinetta, the much rarer and more desirable fixed head coupe version. Only around 1,344 GTBs were made, compared to over 6,000 of the targa topped GTS models. [2] This example is finished in the quintessential Rosso Corsa with a beautiful magnolia leather interior. It was even specified from new with some tasty options, including a rear spoiler, a leather clad dashboard, air conditioning, and that all important ABS for when you get a bit carried away.
What’s it Worth?
So, what’s a car like this worth? That’s the million dollar question, or perhaps the several hundred thousand pound question. The market for Ferrari 328s is strong, but a car’s value is all about its story and condition. A standard 328 GTB might fetch around £80,000 to £120,000. However, we’re in uncharted territory here. Just a few days ago, a 1989 Ferrari 328 GTB with a mere 561 miles on the clock sold at auction in the US for a staggering $577,500 (that’s about £460,000!).
Now, this car is being sold as a non running project. It hasn’t been started since it was put into storage, so it will need a full recommissioning before it hits the road again. That will temper the price, but the sheer originality and incredibly low mileage make it an irresistible proposition. And here’s the really exciting part. It’s being offered with No Reserve. That’s right. It will sell for whatever the highest bid is on the day. It could be a bargain, or it could spark a bidding war that sends the price into the stratosphere. It’s going to be fascinating to watch.
The Final Word
This 1989 Ferrari 328 GTB is more than just a car. It’s a story, a time capsule, and a lottery ticket for one lucky bidder. It’s a chance to own a piece of Ferrari history that is as close to brand new as you’re ever likely to find. You can find it at the Anglia Car Auctions sale on the 31st of January. We’ll be watching with our popcorn ready.[3] Will you be bidding?