SEPTEMBER 1997 FERRARI 246 DINO

Had you been one of the speculators who jumped on the 1980s Dino bandwagon, this advertisement would have delivered a savage lesson. Good cars during the pre-1991 ‘boom’ sold for up to $225,000 but within five years had burned 50-60 percent of their owners’ outlay. Overseas the carnage was worse. This one is red – always good for a Ferrari – and looks to be in decent condition. Whether it achieved the asking price is doubtful – that it is now worth considerably more than in 1997 undeniable.

SINCE THEN: Recent gains in 246 Din ova lu es have been extraordinary but these cars have done it all before. Late1980s values soared to around $200 K before plummeting. Hopefully the next‘ correction’ willbekinder.