Correct Color: 1977 Ferrari 308 GTB – $110,000

by | Jan 2023 | Classifinds, Malaise Monday

(To stop the slideshow and expand the pictures, click on the current photograph below)

While they are slow by modern standards (and some would also argue by the 1960s), Ferrari produced some of its best mid-engined designed bodies during the 1970s.  The most iconic was the 308 in either Targa-top (GTS) or Berlinetta (GTB) form, made famous by appearing in the Magnum PI television series.  The vast majority of Ferraris we come across are in the typical red over tan-color combination.

Consequently, this restored Fly Yellow over Black leather 1977 Ferrari 308 GTB, currently listed here on Craigslist in Milford, Connecticut, is a nice change of pace from the examples that come up for sale.  The seller notes a rebuilt engine and repaint, so you’ll need to get the details from them about why a 45K-original-mile car needed such an extensive restoration.

Currently offered for $110,000, Classic.com, the analytics and search engine for the collector car market, confirms the ask is well above the one-year rolling average of this guide’s summary for all Ferrari 308GTBs produced between 1977 and 1980.  By clicking on the green dots in the graph below, you can navigate to each comparable car sold as a way to help you evaluate the price of the Ferrari featured here:

As a second data point, the  Collector Car Market Review Online Tool reveals the seller’s ask falls between this guide’s #2 Very Good” estimate of $76,000 and its #1 “Excellent” appraisal of $113,000.

Ferrari launched both slick top (Berlinetta in Italian) 308 GTB and the Targa-topped 308 GTS two-seat, mid-engined sports cars for the 1975 model year.  The 308 replaced the Dino 246 GT and GTS.

Ferrari 308s featured a tube frame with a separate body. The 308 GTB/GTS and GT4 were mechanically similar and shared much with the original Dino. Both 308s sit on the same tube platform, however, the GT4—being a 2+2—has a longer wheelbase. The 90-degree V8 featured two belt-driven overhead camshafts per cylinder bank. Ferrari engineers mounted the V8 engine transversely, along with the transaxle transmission assembly, below and to the rear of the engine’s sump. All models used a fully synchromesh 5-speed “dog-leg” manual gearbox and a clutch-type limited slip differential. The suspension was all-independent, comprising double wishbones, coil springs and hydraulic shocks, and anti-roll bars on both axles; four-wheel vented disc brakes were standard. Steering was an unassisted rack and pinion system.

Pininfarina’s Leonardo Fioravanti had been responsible for some of Ferrari’s most celebrated shapes to that point (such as the Daytona, the Dino, and the Berlinetta Boxer) and penned the 308’s curvy body. The 308 used elements of these shapes to create something very much in contrast with the angular Bertone-designed GT4.

The Petrolicious YouTube Channel features this video of what it’s like to own and drive a similar 1977 Ferrari 308GTB:

With new tires and a fresh engine-out service completed on a rebuilt motor, this 1977 Ferrari 308 GTB for sale is not in need of any deferred maintenance, and the current asking price reflects this. Not clear from the seller’s brief description is whether the black leather interior features recovered seats to compliment the bare metal respray of the car in its original Fly Yellow color.

If you are serious about buying this 308 GTB, you can start the conversation by emailing the seller.  When you connect, please remember to mention you saw their featured here on GuysWithRides.com. Good luck with the purchase!

Here’s the seller’s description:

“1977 Ferrari 308 GTB Fly Yellow with Black leather interior 45,000 miles. Bare metal repaint in factory correct color, motor rebuilt, suspension redone. Brand new correct Michelin XWX tires. Fresh timing belt service.​

Show or go: What would you do with this restored 1977 Ferrari 308 GTB for sale?  Please comment below and let us know!

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