Is this $83,000 Mondial the death of cheap Ferraris? - Hagerty Media (2024)
Ferraris aren’t supposed to be cheap. Ever the high-performance status symbol, they evoke memories of racing royalty like Schumacher and Surtees, or cologne ad fantasies of blasting down the Pacific Coast Highway with a supermodel in the passenger seat. For mere mortals like us, a Ferrari is a prohibitively expensive purchase and—thanks to sky-high costs for parts and specialized labor—often ruinously expensive to own, too. That said, there are a few exceptions from Maranello that have historically let people live out Ferrari dreams on a Fiat budget.
The Mondial is the most well-known of these. For some time, it’s beenthecheap Ferrari. So when one sold for$82,950online this week (33 grand more than its#1 valuein theHagerty Price Guide), we sat up a little straighter in our seats and started asking questions. Is nothing sacred anymore? Is there even such a thing as an entry-level Ferrari these days? Is this much money for a Mondial a sign of peakmarket craziness?
Even when new, the Mondial was an entry-level model. Introduced in 1980 to replace theDino 308 GT4, Ferrari used the French word for “global” as the car’s name, hinting at their desire to expand sales and reach into less exclusive territory. It wasn’t particularly fast or pretty, and as a 2+2, it could be derided as the family man’s Ferrari. In Ferrari math, 2+2 always equals less cool, and withTestarossasandF40sstealing the show, they just didn’t print many Mondial bedroom posters.
It nevertheless sold very well, with about 7000 built over a 14-year production run. What’s more, it got consistently better over time. A more powerful four-valve “Quattrovalvole” (QV) version arrived in 1983, followed by a wind-in-the-hair cabriolet in 1984. In 1986, the engine grew to 3.2 liters, the interior improved, and the wheels got bigger. ABS came in 1987, and in 1989 the Mondial T came out with a new 3.4-liter engine now mounted longitudinally in the chassis to a transverse gearbox (hence the “T”).
Even with the constant improvement, the combination of poor image and plentiful supply has kept Mondials at the bottom of the Ferrari totem pole. Once they hit the used car market, they got cheap and stayed there. To add insult to injury, with expensive Ferrari maintenance as inevitable as death and taxes, subsequent Mondial owners frequently had a habit of deferring repairs. This further devalued the cars when they came to sale and didn’t do the Mondial’s market reputation any favors, either.
That's why we put the Mondial on our list of the market'smost unloved Ferrarisa few months ago. Since then, we've seen signs that it's beginning to get some more attention, and indeed values have crept up a few percent. Even so, this week's $83,000 car still seems well ahead of the curve.
It's not perfect by Ferrari standards—the A/C needs a refresh and there appears to have been a minor rear-end hit in its past—but byMondialstandards it's still very good. An 11,863-mile "T" model in classic colors represented with recent maintenance (timing belt, catalytic converters, radiator, hood shocks, brakes, control arm bushings), it ticks a lot of the right boxes. Not enough boxes, however, to justify the "perfect-plus" price point it achieved, at least in our eyes.
Back to our original question: is the cheap Ferrari an endangered species or is it downright extinct? Now, one sale doesn't make the market, but this isn't the only big-money Mondial sale lately. Six of them have sold for over 60 grand on Bring a Trailer alone in the past six months, and RM Sotheby's sold a 5000-mile car for an eye-popping$100,100 back in March. Several have sold for surprisingly high results at European auctions this year as well. That other quintessential poor man's Ferrari—the 400/12—has seen its price guide value jump 28 - 43 percent over the past year, too.
Pretty much everything with a prancing horse badge, then, is now beyond what anybody would call "entry-level." What this means for the rest of the hobby isn't clear, but it still seems like one of those end-of-an-era moments worth acknowledging. Let's pour one out for the affordable Ferrari.
The Ferrari Mondial (Type F108) is a mid-engined, V8, grand tourer manufactured and marketed by Ferrari between 1980 and 1993 – with styling by Pininfarina and bodywork by Carrozzeria Scaglietti.
Q: What was the lowest recorded sale price for a Ferrari Mondial? A: The lowest recorded sale price was $20,000 for a 1986 Ferrari Mondial Cabriolet on Oct 6 2023. Q: What is the average sale price of a Ferrari Mondial? A: The average price of a Ferrari Mondial is $49,785.
A classic model produced from the late '70s to mid-'80s, famous for its appearances in pop culture. The 308 GTB (coupe) and GTS (targa top) are beloved for their classic Pininfarina design and V8 sound. Price: Starting around $60,000.
A: The top sale price was $58,500 for a 1983 Ferrari Mondial Quattrovalvole Coupe on Jul 14 2023. Q: What is the lowest sale price of a Ferrari Mondial QV Coupe? A: The lowest recorded sale price was $22,400 for a 1985 Ferrari Mondial QV Coupe on Mar 5 2020.
Replicas of classic Ferraris have also been presented as the real thing, with considerable differences in value. In 2014, a 'replica' 1962 Ferrari GTO was advertised in Germany for $US63 million ($AU96 million).
The Mondial 8 was produced between 1980 and 1982, in the road car odd number chassis sequence in the range 31075 to 41727, with a total of 703 examples being made.
"A Ferrari 500 Mondial Spider Pinin Farina in restored or at least very good condition is currently in the wide range between $4M and $5.5M," Birner wrote. Part of the price will depend on the car's history and how much of the original vehicle is preserved, he added.
A Ferrari 250 GTO from 1962 has been sold at an auction for $51.7 million (or about INR 430 crore) in New York, making it not only the most expensive Ferrari ever sold, but also the world's second-most expensive car to ever have been sold.
Like any car brand, the price will depend on which model and features you select. Generally speaking, a Ferrari is usually more affordable than a Lamborghini. Also, Ferrari models tend to become collector's items, making them a better investment in the long term.
One of the appealing aspects of the Ferrari 488 is its value retention. While it does depreciate, the rate is slower compared to many other high-end sports cars. This slower depreciation is partly due to the Ferrari brand's prestige and the 488's popularity among enthusiasts.
Ferrari lowest priced car is Portofino priced at ₹ 3.50 Crore. Ferrari most expensive car is Purosangue SUV priced at ₹ 10.50 Crore. Ferrari SUV in India include Purosangue SUV. You can check details like price, reviews, images and specifications for popular Ferrari cars under the below list.
By the time production ended in 1993, the Mondial had become one of Ferrari's bigger commercial successes, with 6,149 built; of those, 1,875 were Mondial Ts, split between 1,017 Cabriolets and 858 coupes.
The V8 engine of the Mondial 3.2 Cabriolet was basically the same design as that used in the coupé version, fitted with Bosch K Jetronic fuel injection and Marelli MED 806A Microplex electronic ignition to produce a claimed 270bhp at 7000rpm for main European market models, and 260bhp for US market models.
Scraps of a rare 1954 Ferrari 500 Mondial Spider Series I were just sold for about $1.9 million. The buyer could end up investing another $2 million just to restore the car, a Ferrari expert said. In "very good condition," the model can be worth up to $4 million to $5.5 million, the expert said.
But a more interesting fact is that Ferrari made over 6,000 Mondials in total, making it by far the best-selling Ferrari at the time. And where was the Mondial Quattrovalvole made? The answer is Maranello, alongside the F40 and the Testarossa among other models.
Only 810 Mondial 3.2-cabriolet were produced. Ferrari was already a respected brand in the supercar world and, thanks to its Formula One involvement, was worldwide known. Its beltline was unusually low, and its windshield unusually steps and tall for the car's size.
Introduction: My name is Clemencia Bogisich Ret, I am a super, outstanding, graceful, friendly, vast, comfortable, agreeable person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
