17-18 August 2012

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Lot 128

1989 Ferrari 328 GTS

  • Chassis no. ZFFXA20A1K0080610

Sold for $159,500

270 hp, 3,185 cc alloy DOHC transverse mounted V-8 engine, five-speed manual transaxle, four-wheel independent suspension via unequal-length control arms, coil springs and telescopic dampers, and four-wheel power-assisted disc brakes. Wheelbase: 92.5"

• Perfectly preserved; a time capsule example with 105 miles from new

• Books and tools

• Major service completed in June 2012

• Possibly the lowest mileage example in existence

• Final year of production

One of the last Ferraris engineered and launched during Enzo Ferrari's lifetime, the 328 succeeded the highly popular 308 four-cam by offering an increased displacement V-8 and a myriad of detail changes throughout. The mid-engined 328, offered in both hardtop (GTB) and Targa/Spider (GTS) forms, featured an uprated 3.2-liter V-8 putting out 270 horsepower, thanks to a sophisticated Marelli electronic ignition system and the retained Bosch K-Jetronic fuel injection. Capable of a 0–60 sprint of 5.9 seconds, the 328 GTS had a top speed of 163 mph. Assembled in Maranello until the fall of 1989, the 328 is considered by many to be among the most drivable vintage Ferraris, thanks to its solid performance and general reliability. It is most coveted by collectors because of its ABS brake system, which was not offered on prior years.

The 1989 Ferrari 328 GTS offered here is among the last produced, and thus, benefits from a handful of changes made during its production run. As a true time capsule, it has been hidden away for more than two decades, not seeing the light of day. This U.S. model Ferrari was purchased new at Kessler Motors, in New York, on June 16, 1989. It had 99 delivery miles from the factory while in the show room. The car was taken by flatbed to a climate-controlled New York garage where it was to join a growing collection of vintage Italian sport cars. It was started and looked after but never moved from its resting place, until being discovered in February of 2012. When inspected, the odometer showed 105 miles, and the condition was immaculate. The climate-controlled storage preserved the car in faultless showroom condition. The factory applied Cosmoline, which was sprayed on at Maranello to protect it during shipping and can still be found on the 328’s underside. This car has a very rare factory option of red carpet and comes with the original toolkit, roadside kit, spare tire and wheel, a clean CARFAX history report, 2012 major service records, and copy of the original 1989 title. Even the newspaper article from June of 1989, which was being used as a floor mat protector, is included with the car. The recent service, conducted in June 2012, was a complete $30,000 update, which included the timing belts, hoses and fuel pump, and check of the brakes, clutch, and transmission. The car is ready to drive and enjoy.

The 1989 Ferrari 328 GTS models are becoming extremely desirable among collectors, and great ones are difficult to find. Never having needed any restoration work, this 328 GTS shows as-new both inside and out, where it is essentially devoid of age-related patina. This 328GTS is an extraordinary example of preservation and resurrection. Soon, restoration experts will begin saving 1980s era Ferraris, and this example may serve as the template for all to learn from.


Please note that this vehicle will not pass California emissions and therefore should be sold to a dealer or out of state resident.

Please contact our exclusive automotive transportation partner, Reliable Carriers, for a shipping quote or any other information on the transport of this vehicle.

Alexander Weaver

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

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United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

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United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

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Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

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Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

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California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

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California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

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California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

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United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

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Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

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United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

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United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

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Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

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California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

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United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more