1988 Ferrari 328 GTS Nero Metallic

Now up for auction is this 1988 Ferrari 328 GTS presented in Nero Metallic over tan leather.  As the final evolution of Ferrari's transverse-mounted naturally aspirated V8, the 328 series is considered by enthusiasts today as one of the more reliable and usable classic Ferrari’s on the market.  This 1988 Gran Turismo Spider (GTS) version underwent a very recent engine-out service at a cost of over $5k which included new timing belts and a water pump replacement.  Reported to have been originally sold in Illinois before spending most of its life in California, this beautifully presented 1988 example is now being offered by its seller in Texas with approximately 47k miles showing on the odometer.

The factory specified Nero Metallic finish on this 328 is said to be in excellent overall condition except for some slight rock chips on the front fascia.  The rear quarter panels and engine lid are also said to have been most likely refinished under previous ownership (detailed images are provided in the photo gallery).  The Pininfarina-designed bodywork was carried from its predecessor, the 308, but with some notable changes including a redesigned, more rounded nose and body-colored bumpers.  This Spider features a removable black roof panel and factory 16” 5-spoke wheels that are currently wearing Michelin Pilot Sport A/S 3 tires.

The interior is trimmed in tan leather with black carpeting and a black dashboard.  Under previous ownership, the cabin was refurbished with all new leather upholstery and the embossed headrest logos were colored-in black for a more distinctive appearance.  Other details include a 5-speed gated manual shifter, a factory leather-wrapped MOMO 3-spoke steering wheel, and an aftermarket radio.  All gauges and accessories are said to be working properly and the seller reports that the air conditioning requires a recharge.

Based on the 3.0 L Quattrovalvole engine from its predecessor, the bored and stroked 3.2 L version debuted in the 328 featured redesigned heads, revised cams, a new electronic ignition system, and an increased output of 270 HP.  The rear wheels are driven through a traditional 5-speed gated manual transmission allowing for a 0-60 time of approximately 5.5 seconds.  This example recently underwent a major engine-out service from Boardwalk Ferrari totaling over $5k which included timing belts, all new auxiliary belts and tensioners, a new water pump, new shift rod seals, and a full annual service. This GTS is reported to be in excellent running order with all routine maintenance up to date.

This sale will include 1 master key, original books and tools, some service records, and a clean title.  This nicely sorted Ferrari 328 GTS offers the perfect opportunity for any enthusiast in search of a classic Italian sports car.

Auction Results

  • Highest Offer: $48,000
  • Auction End: Jan. 14, 2021, 4:21 p.m.
  • Number of Offers: 1
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Comments (48)

  • $48,000 offer from Fresno, CA (93720) 3 days, 16 hoursago

    Offer in the amount of $48,000

  • GFMotorsports (seller) 3 weeks, 2 daysago

    @Freemaha The car is still for sale! It will sell for sure.

  • Freemaha (registered bidder) 3 weeks, 2 daysago

    Beautiful!!!!Stunning black 328 GTS and the only car in deal tank with a realistic asking price. Not much of a difference between your asking price and what @orrocashman is offering so hopefully you will be handing over some keys soon and relinquishing your stewardship to the next guy.

  • Orrocashman 1 monthago

    Bid in the amount of $62,000

  • iriswilll 1 monthago

    Bid in the amount of $61,500

  • Icamdarren 1 monthago

    Bid in the amount of $61,250

  • iriswilll 1 monthago

    Bid in the amount of $61,000

  • Orrocashman 1 monthago

    Bid in the amount of $60,500

  • Icamdarren 1 monthago

    Bid in the amount of $58,250

  • isfusion 1 monthago

    Bid in the amount of $57,750

  • Icamdarren 1 monthago

    Bid in the amount of $57,500

  • Orrocashman 1 monthago

    Bid in the amount of $56,328

  • isfusion 1 monthago

    Bid in the amount of $55,001

  • Icamdarren 1 monthago

    Bid in the amount of $54,500

  • isfusion 1 monthago

    Bid in the amount of $53,000

  • Orrocashman 1 monthago

    Bid in the amount of $52,000

  • Icamdarren 1 monthago

    Bid in the amount of $50,000

  • cabrachian 1 monthago

    Bid in the amount of $48,000

  • Orrocashman 1 monthago

    Bid in the amount of $45,000

  • cabrachian 1 monthago

    Bid in the amount of $40,000

  • Orrocashman 1 monthago

    Bid in the amount of $35,328

  • GFMotorsports (seller) 1 monthago

    @job The door panels were done at the same time so no difference in leather or age. The leather really is great on this car. The prancing pony in the head rests are black, which I dont think is original but look great against the nero paint.

  • GFMotorsports (seller) 1 monthago

    @job The leather feels very soft and is in great condition. It has been in a climate controlled garage since it was done. It is super nice. It is not the original leather but is very high quality and it treated on a schedule.

  • job (registered bidder) 1 monthago

    @GFMotorsports thank you
    Last one : how is the leather feeling comparing to the original ? Is it in very good condition ?

  • GFMotorsports (seller) 1 monthago

    I think the only question I missed was the evil rust question. This car has very, very minor surface rust on some suspension parts. Due to age and sitting so much. No rust on the body or floors. Happy Bidding!!!

  • GFMotorsports (seller) 1 monthago

    @job Yes the car is a five digit odometer. It is currently at 47801. I will try and get that posted. We have some records for the car all are posted but not the easiest to read on a computer. We have records from 99 until now. Here is what we have:

    4/16/99 at Foreign Sport Technician in Santa Monica CA full engine out at 32,976 miles
    5/20/04 at Ferrari of Orange Country 40,326 engine out service
    2/17/14 at Ferrari Technology Orange CA 40,646 engine out service
    9/5/20 at Boardwalk Ferrari Dallas TX 47,769 engine out service

    I have many other records that we can tie date and mileage to.
    The car has 47,801 on it as of today.

  • GFMotorsports (seller) 1 monthago

    @Metty Norwood auto Italia or Boardwalk Ferrari of Dallas both know the car. I can get the car to them. Not sure they will have time before the end of the auction. Boardwalk just did the full service. I dont know who else to send you to. Those are the two shops that due all the maintenance on all of our cars from Italy.

  • GFMotorsports (seller) 1 monthago

    @Metty We have added a video of the car driving. I have a really bad cold start video I sent in.,

  • GFMotorsports (seller) 1 monthago

    @ExquisiteCars roof picture added.

  • Metty 1 monthago

    @GFMotorsports Being out of state, how can i arrange a PPI?

  • job (registered bidder) 1 monthago

    @GFMotorsports Could you confirm it’s a 5 digit odometer ?
    Can we retrace the mileage with service record ?
    Any rust to report on this car ?
    Thank you

  • GFMotorsports (seller) 1 monthago

    @ExquisiteCars Yes still R12.

  • Metty 1 monthago

    Would it be possible to post a short walk around video with a cold start?

  • ExquisiteCars 1 monthago

    Any pictures of the roof on and condition of it. Is the a/c still R-12?

  • GFMotorsports (seller) 1 monthago

    @ZekusClassics The carfax is clean. I believe the front bumper has been resprayed due to rock chips. There are rock chips present at this time. The paint shows very well and shines. We welcome all inspections and PPIs.

  • Ifl22 1 monthago

    Bid in the amount of $30,000

  • ZekusClassics (registered bidder) 1 monthago

    Just to confirm, this has the original paint and not refinished/repainted in anyway?

  • GFMotorsports (seller) 1 monthago

    @996seeker The tires are from 4/13. Tires are inexpensive for these size wheels.

  • Singer2020 1 monthago

    Bid in the amount of $21,000

  • GFMotorsports (seller) 1 monthago

    @996seeker The car runs and drives great. Clutch was checked out during the engine out service by Boardwalk Ferrari and they said it looked great. The clutch cable and shifter shaft seals were replaced. I will try and get a date code on the tires. Other than the AC not blowing cold I dont know of any issues. I have a lot of seat time in this one. It is a joy to drive.

  • PMollinZ8 1 monthago

    Bid in the amount of $20,000

  • 996seeker 1 monthago

    very nice, appears well taken care of.. love it
    sorry if i missed it,- how many owners has this car seen?
    aside from the a/c, what else is needed (tires, brakes, clutch etc...)

  • Cenzzo 1 monthago

    That's a beautiful car, and it ticks all the right boxes. But anyone who is interested should expect to spend a few grand on it once they get it. It's a Ferrari. That being said, I've owned one of these before, and this is exactly what I was looking for last January, maintenance records, color etc, and I would've been an enthusiastic bidder. But I couldn't find one, and ended up buying a silver '88 which I am really happy with. If anybody's really serious about getting a 328, they should jump on this one - period!

  • mjkridler (registered bidder) 1 monthago

    @gfmotorsports thank you. Good to know.

  • GFMotorsports (seller) 1 monthago

    @mjkridler To fix the AC and convert to R134A at the dealership is $1950.

  • GFMotorsports (seller) 1 monthago

    @mjkridler I will try and get that cost today.

  • mjkridler (registered bidder) 1 monthago

    @gfmotorsports On pic #45 Boardwalk Ferrari advised to replace leaking A/C High Pressure Hose. Does your client know of the cost to do so? A beautiful car, just wondering what it takes to get the A/C functioning (which along with the radio I never use). Tks

  • GFMotorsports (seller) 1 monthago

    All,
    Happy to answer questions on this wonderful car. Happy bidding!

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1988 Ferrari 328 GTS Nero Metallic
Final offer: $48,000