Oct. 2, 2021 2:00 read
In the early years of the Hagerty Price Guide, 15 years ago, a 1973 Dino 246 GTS was valued at $135,000 in condition #1 (Concours, or best-in-the-world). Sounds almost cheap! It is now $420,000, a 238 percent gain. Old jokes that claimed Dinos weren’t “genuine” Ferraris are a thing of the past. These low-slung beauties are now seen frequently on concours lawns and at high-end auctions, where they are given the respect they have always deserved. A timed online auction, though? Not really. That’s why when the bid timer for this beautiful red Dino on Bring a Trailer finally struck zero this past week, the price completely shocked us.
It sold for $635,000, more than 50% over our top valuation. It is not just the most costly 246 Dino ever sold in an online auction, but also the most expensive 246 Dino ever offered for sale in a general American public auction. Only far older and rarer 206 Dinos have ever sold for more in the US. We have observed a few 246 automobiles bring more over in Europe. A 246 GTS with one owner sold in Italy four years ago for EUR529,000 ($636,969 at the time), and a mostly original 246 GTS in a rare color sold in Monaco three years ago for EUR533,750 ($637,885 at the time).
The fact that this Bring a Trailer Dino isn’t a high-end vehicle despite its exorbitant price is even more astonishing. Aware Dino buyers keep an eye out for the factory-installed “chairs and flares,” also known as Daytona-style seats and fender flares. In our price guide, both together add a 20% premium and any one can increase a car’s value. However, this Dino is not a show car and does not have chairs or flares. The pictures display a few paint imperfections as well as a crack in one of the seats that has since been fixed.
The car’s advantages include original US delivery, factory air conditioning, a rare original color (Rosso Bordeaux), low mileage (26,000), factory books and a tool kit, a verified history, and all matching numbers. When you’re spending six figures for pixels on a screen, the Houston-based selling dealer is also transparent and responsive, and that matters a lot.
In today’s market, record prices don’t seem to last for very long. Whoever sells a Dino in the near future will undoubtedly have the link to this one bookmarked, whether it be a case of two bidders getting carried away or a curve-setting outcome for the model.
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How much is a Dino 246 currently worth?
classic, gather, and research vintage vehicle sales and auctions. They discover that the typical 246 GTS costs $405,201 in total, which is a significant $47,000 more than the coupe GT model. Like all historic cars, the price has been steadily climbing in recent years. Recent sales of samples reached over $600,000. This particular specimen has only 21,000 kilometers and has undergone a thorough restoration in the past. It also has the famous and most prized red color.
Few of the little more than 3,000 models that have ever left the Maranello facility are in need of extensive restoration. There aren’t many inexpensive examples that need work coming up for auction as a result. The least expensive cars may be purchased for roughly $190,000. These have exteriors in various hues of yellow, black, and blue, and typically have more mileage. Fortunately, E series cars make up the majority of the vehicles in use today. The gearbox and engine were improved in these latter model years to ensure easier operation and, ideally, lower maintenance expenses.
The initial market of a car also affects its value. To comply with requirements, cars sold in the US needed just minor modifications. According to Haggerty, these vehicles also have reflectors next to the license plate, as well as rectangular marker lights on all four corners. Additionally, turning signals in Amber don’t match the car as well as their European equivalents. Because of these less desirable attributes, domestic US market vehicles are typically less expensive than European counterparts.
What a 1969 Ferrari Dino 246 GT L is worth today
The Ferrari Dino 246 GTL was first made available in 1969 for about $25,000. At the time, most Ferraris were outrageously costly, so this price was relatively reasonable. The automobile was equipped with a V6, which made it very affordable, but because Ferrari only ever produced a small number of V6 vehicles—the Dino being one of them—its value has since skyrocketed. Recently, a perfect 1969 Dino sold for roughly $320,000 and had over 100 bids. The 246 GTS with a Targa top, which was an even more uncommon variation of the Dino, is now worth well over $500,000.
When it comes to practicality and sensibility, the 1969 Ferrari Dino 246 GTL was an extraordinary vehicle that was much ahead of its time. However, most people didn’t fully appreciate its worth until several decades later, and as a result, the price of these cars has been rising steadily ever since.
What is the value of a 1973 Ferrari Dino?
The mid-engine Dino 246 GT was initially unveiled by Ferrari as a coupe, but it was soon given the open-air treatment, and the first GTS was unveiled to the public at the Geneva International Motor Show in 1972.
This specific Dino came off the assembly line in 1973. It was delivered directly to the distributorship of renowned American importer Willaim F. Harrah, painted a vivid yellow Giallo Fly. After that, it was transferred to the Ron Tonkin dealership in Portland, where it was later purchased by Tonkin’s cousin, who kept the GTS for more than 20 years.
After traveling nearly 48,000 miles through California’s twisting highways with its new owner, the vehicle then traveled through Japan and Switzerland before arriving at the auction table in Paris today.
The auction house said, “Boasting a colorful history on three continents, this Dino would undoubtedly be a thrill to drive and appreciate.
Of course, the Dino has evolved a bit over time. The gaudy yellow shell has been given a sophisticated Nero Black finish, while the interior is identical. Although it has been updated with a contemporary engine and fitted with European-style indicators, it still has some of its vintage beauty, such as its original gearbox and expanded bumpers from the American market. In order to provide customers with peace of mind, the vehicle’s chassis number, 0602, earned a Ferrari Classiche certification in October 2018.
Ready to place a bid? On RM Sotheby’s website, a 1973 Ferrari Dino 246 GTS is currently available for auction. It is anticipated that the car will sell for between $419,435 and $463,586. (EUR380,000 and EUR420,000 EUR).
What is the value of a 1972 Ferrari Dino?
Not everything is possible, but if you have a few hundred thousand dollars laying around, you might be able to purchase Keith Richards’ Ferrari.
A 1972 Ferrari Dino 246 GT that once belonged to the Rolling Stones musician will be put up for auction by the English auction house Coys. On May 9, the vehicle will be offered for sale with no limits in Monaco.
“This car has to be the ultimate Dino and will undoubtedly provide any car collector and rock enthusiast a great ‘Satisfaction,'” one reviewer said. “When one adds to the Ferrari confirmed long-term ownership by rock and roll royalty.” According to a statement from Chris Routledge, managing partner of Coys.
In order to compete with Porsche and other companies that offered less expensive versions than Ferrari’s typical V-12 vehicles, the Italian company created the Dino subbrand. The V-6 Dinos, which were notable for being Ferrari’s first effort into mid-engine sports vehicles, were named after Enzo Ferrari’s son.
The 246 GT, which was produced from 1969 to 1973, was the second vehicle sold under the Dino brand. The vehicles had a 2.4-liter V-6 engine with a five-speed manual transmission that sent 195 horsepower to the rear wheels. New, the automobiles run about $14,500.
Richards purchased this specific Dino in California in 1972. In 1975, he had it transferred to the UK, and he kept it until 1986, according to Coys. The rocker drove it for around 25,000 miles during that time before selling it to a Japanese collector, who has had it ever since. A note from the Stones manager Alex Dunn attesting to Richards’ ownership of the Dino and the mileage he put on it is included in the transaction.
Coys predicts that when the automobile crosses the auction block on Friday, it will sell for between $277,000 and $347,000. This contrasts with a standard Dino from the same year, which, according to Hagerty, a historic car insurance business, would only be worth no more than $235,000 if it were in excellent condition.
What is the value of a 1971 Ferrari Dino?
Some automobiles are so exquisite that it’s difficult to comprehend them. One such vehicle is a Ferrari Dino, particularly in fixed-roof GT specification for the European market like this particular model. Although it’s the kind of car you could gaze at for hours on end, the Dino is also a blast to drive. You must have this one in your life; it’s up for sale.
On its auction website, Bring a Trailer, which bought this Dino in 2013, has placed it for sale. It’s a 1971 coupe with a little less than 60,000 miles on the odometer, and the seller claims it’s in excellent shape with only a few minor cosmetic imperfections. Due to the fact that it was originally intended for the European market, it has covered headlights and 195 horsepower, 20 more than the Dino 246’s 165 horsepower.
This Dino was originally purchased in California in the middle of the 1970s after beginning its existence in Germany. It resided in Japan from 1996 to 2013 before being bought by Bring a Trailer. Although it doesn’t appear to have had a thorough restoration, it has received good maintenance throughout the years.
This type of vehicle is ideal for this Dino, which was purchased by Bring a Trailer in “excellent condition but with enough faults that it was a good candidate for actual driving.” Driving a Dino is far more enjoyable than parking one on a golf course lawn, even though it may not be a concours winner.
Because it wasn’t originally sold as a Ferrari, the 246 Dino was long thought of as the underdog. However, collectors came to the conclusion that it is a lovely car regardless of the badging, and prices rose. Currently, the highest bid is $175,000, but don’t be surprised if it increases to much more than $300,000 by the time the auction closes.
Expensive? Yes, but it has a 195-horsepower V6 and a five-speed manual transmission, making it a work of beauty. Over a painting, I’d buy this without a doubt.
What is the price of the Ferrari Dino?
The Ferrari Dino 246 GT, which started production in 1969, was the model that followed in the footsteps of the Dino 206 GT. There was a 246.
The Ferrari Dino 246 GT, which started production in 1969, was the model that followed in the footsteps of the Dino 206 GT. The 246 was a modification of the 206 with new features. The 2.4L transversely mid-mounted V6 was upgraded. Wheel arch flares and seats from the 365 Daytona were available as options; this combination was referred regarded as the “chairs and flares” package. Customers could also order a GTS, which was a spider, semi open top, in addition to the GT or coupe. The majority of the bodywork were made of steel to reduce costs, and production numbers were far larger than those of the 206 GT, coming in at over 2,295. The Dino 308 GT4, which debuted in 1973, succeeded the 246 GT, whose manufacturing ceased in 1974.
A: On March 21, 2022, a 1973 Ferrari Dino 246 GT sold for $582,246.
A 1971 Ferrari Dino 246 GT sold for $205,000 on May 26, 2021, according to records.