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Restoration of a 246 GTS

Out of interest, what's the ball park these resto jobs sell for? Ruby's tight as a gnat's chuff, so anything over about 5k isn't going to cut it :grin:

Presumably you could drop a serious amount of money restoring one properly if you have to pay someone to do it (100k?). And that assumes you can find or have made any missing parts. Arguably you'd also end up with a "non-original" car that wouldn't command some of the big money cars are allegedly selling for?

I think it's great that these cars are being brought back to life (and love watching these threads), but the market looks very toppy at the moment to me and if prices to restore are too high the investment potential would seem shaky (assuming that's the intent)?

Top price in the UK was a home restored 246 by a chap over on Fchat. He sold it to Chris Evans last year and Evans then somewhat surprisingly sold it through the London RM Auction for £200k ex premium (£224k inc). Yes I know, don't bother telling me I should have bought one when I started looking, I spent the money on a kitchen and educating a child and clothes, food and utility bills and stuff like that.

Restoration is apparently a nightmare partly because they are made of tubes and tin foil taht rot, and partly because all the little bits are no longer made and original materials are also out of stock: Try finding a dino wheel or even harder wheel trim at a reasoanble price. Jacks have been on ebay at $16k in the USA and mousehair for the dash was all bought up years ago by one restorer in the UK who won't sell it as a part. I know of one being done for an F1 driver that is reputed to have cost over £200k excluding the original car...
 
Restoration is apparently a nightmare partly because they are made of tubes and tin foil taht rot, and partly because all the little bits are no longer made and original materials are also out of stock: Try finding a dino wheel or even harder wheel trim at a reasonable price. Jacks have been on ebay at $16k in the USA and mousehair for the dash was all bought up years ago by one restorer in the UK who won't sell it as a part. I know of one being done for an F1 driver that is reputed to have cost over £200k excluding the original car...

Not strictly true. I've finished a total restoration on one 246 GT, nearly completed the second and have got a third underway. Parts are available from around the world thanks to the internet with several very good sources of original NOS items in the US in particular. I tracked down quite a number of obscure parts for my cars including very hard to find items like the fusebox for the alternator. Correct original interior trim materials including the dash mousehair are also available from well trusted specialists. I was told for example that the original material used for the cloth option on the seat centres was now only available in orange via a supplier in Italy but after obtaining a sample of it from them I found a textile specialist in Lancashire who can provide the same material in nearly every colour originally offered by the factory. I bought an original jack from a US specialist for $800 for one of my cars :wink3: I narrowly missed out on a set of original Cromodora magnesium wheels that were being sold for £600 in the UK :cry3: Fortunately the original wheels on my cars are all restorable.

Prices are not going to fall on these cars now IMHO as they are nearly all over 40 years old and there is a finite supply of them around the world. Whilst there are still a lot of ropey examples out there that have had fudged restorations yet still command strong money, more and more cars are being properly restored which will help keep values up as the quality on offer improves. Good quality restorations enhance the value of the car as they do on other older tipos. It's becoming very hard to find any examples now that have not had or require any sort of restoration. The few that are in this category will likely command higher prices but have a smaller target audience. As more people become disenchanted with the anodyne experience of driving the new models at normal speeds and crave a more involved driving experience, models like the Dino are going to appeal to a far wider audience who have the ability to buy a car at this price point but who don't want it to lose a quarter or more of it's value in 12 months or so.
 
Thanks, Chassis number is 05610 ........ any info will be much appreciated.

Hi Anthony

I have 5606, which means there was just one car between them on the production line in jan 73.

Its a pity they did not work a little quicker, then we would have had tax free Dec 72 cars !


Looking forward to seeing the end result.


Nigel
 

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Not strictly true. I've finished a total restoration on one 246 GT, nearly completed the second and have got a third underway. .

are we ever gonig to see any pictures of these 246s.....................one of the most stunning cars ever made !

wish I had bought one..:cry3::cry3:
 
are we ever gonig to see any pictures of these 246s.....................one of the most stunning cars ever made !

wish I had bought one..:cry3::cry3:

If you insist :wink3: I'll start another thread so I don't hi-jack Anthony's.
 
201302231028072237804246%20Dino%20restoration%20at%20Barkaways.jpg201302231030222597710246%20Dino%20restoration%20Barkaways%20Ferrari.jpgRESTORATION OF A FERRARI 246 GTS DINO – PART 8 (MARCH 2013)

Well where did January (and February) go? I have been living in the UK for the last 23 years and love the people, the place and yes, even the weather ……. EXCEPT by the end of January the long winter starts to get to me and I need some sun shine, so it’s off to sunny South Africa for the month of February.
Steve at Barkaways had a very busy January and February working on the Dino. He has cut the rear panel and fitted both new lower corner bowls and welded into place as required. Ground and shaped the panels to achieve accurate body lines. He has also cut out both rear wheel arch sections and cut in new panels and welded as required. With the rear body now starting to take shape we have fabricated and welded into place the bulk head and door rear closing panels to tie the body onto the chassis. With the rear body firmly located new door sills have been fabricated and welded into place and aligned with the doors. The temporary locating rods used to hold the body in place have been removed as the body is now securely located. The rear outer sill panel has been enlarged to include new rear lower ¼ panels up to swage line. With the new door closing panels in place, the door sticker plates and catches have been fitted to enable door closing lines to be completed as required. Steve has removed an excessive amount of lead filler from the air duct areas and cut and reshaped the panel to achieve better panel alignment without filler. The front sub chassis had been poorly repaired previously so we have cut out and replaced box sections as required. The coolant radiator mountings have also been replaced and radiator now located correctly. Work is on-going with rear wheel arches and door panel fitment.
We have painted the chassis sections in the centre and front of the car with primer, under coat and satin black.
We refitted the original floor and foot well panels to replicate their original fittings; a new aluminium boot floor has also been fabricated and fitted.

We have made new metal tubes for the rear boot, engine hood and fuel filler flap cables as they were rusted inside and restricted the cable movement.

The suspension wishbones and hubs have arrived and will be fitted to ensure accurate wheel arch alignment.
The Luppi interior is on the way from Italy and we are now getting closer and closer to paint.
Engine rebuild has began and block and heads have been sent away for machining.
 
Great project and great thread. I was actually looking for a GTS to do a restoration job but mistakenly could not get my head around the prices, when I tripped over my F40LM instead, but still hanker. Amazing how one keeps inflating the end value to justify the inevitable ballooning investment. Human nature.

Are you reverting to original colour or making your own choice and what is the timeframe now?
 
Great project and great thread. I was actually looking for a GTS to do a restoration job but mistakenly could not get my head around the prices, when I tripped over my F40LM instead, but still hanker. Amazing how one keeps inflating the end value to justify the inevitable ballooning investment. Human nature.

Are you reverting to original colour or making your own choice and what is the timeframe now?

The original colour was Rosso with black interior. Not my first choice of colour! My heart says met Blue with tan interior, but my head says go with the original colour. I do realise the red is not fashionable for Dino's at present ... so, I guess I'm not sure what colour at this stage. I have had the interior retrimmed in black. I was hoping to have the car completed by the end of summer to do a European trip in late September. I am still trying for that, but if it does not happen, then there is no rush and I would want it finished by March 2014. As fas as investments go ...... what will be will be ........... on this one, at this stage, I'm in it for the love and it's not for sale.
 
RESTORATION OF A FERRARI 246 GTS DINO – PART 10 (June 2013)

RESTORATION OF A FERRARI 246 GTS DINO – PART 10 (June 2013)

Well, as you can see by the attached photo’s, the car is now starting to look like a 246 GTS should look I was going to paint it Metallic Blue, but last minute I decided to pain it the original colour Rosso Chiario (red to you and me).

The team at Barkaway’s have done a fantastic job and I believe that the body is better that it was when it left the factory! The gaps are perfect, and I am amazed as to what metal man, Steve from Barkaway’s has done!

I have been so impressed with these guys that I have decided that I want them to complete the car. I am in discussions with Ian Barkaway and hopefully we can strike a deal soon. If Barkaway’s get the job, than unfortunately it will be very unlikely that they could have the car completed by my latest target date of early September. If not, then I do not want the car until next March, when Pat and I plan to drive it down to Maranello in the spring of 2014.

In the last few weeks I have been on a shopping spree (once again) and have purchased loads of engine parts, including new valves, pistons etc, as well as a set of new Michelin tyres and an original jack (ouch)!
There are still a few expensive parts that I need to complete the car, and the next purchase is a new front windscreen.

I am now very excited and all is going to plan for a change. Until the next surprise pops up!

As you can see by the attached photo, I am one very happy bunny!

Till next time………….

Anthony
 

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Stunningly beautiful, congratulations :thumbsup:

I nearly bought one of these from Lancaster in Holland on Sea back in the 70s but I bought a Stag instead.........






















Well how was I supposed to know.......
 
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