Spider Veloce market review 2009

With just under 2800 Giuliettas and about 1000 Giulias ever made, the Spider Veloce is not the rarest of the 750/101 series cars, but it is the model with probably the highest collector recognition and demand in the model range. Add to this some peculiarities of production that create some groups within the range that are very desirable: about 50 1956 & 57 short wheel base (SWB) cars that are Mille Miglia eligible, another handful of 1958 SWB, 750 series engine powered cars, and the 1000 odd Giulia 1600 Spiders with essentially 1600 SS tune, and you see how these groups divide and how values should break down within the group.

Below are the Spider Veloce sales I recorded in 2009. I would break them down along the above mentioned lines, but then I would have bunch of 2 or 3 car comparisons, so here they are, least to most expensive and as with the other market reports, price mentioned is either asking price if no sale price was recorded, auction sale price or the price range I suspect they sold in.

Market 78 was 10107 167162, an interim car in need of everything that sold for $1000. A bargain if you compare it to cheap Normales that need the same amount of work.

Market 116 was 750F 1495*05164, cheap at $4010 for solid decent roller project suited for the type who enjoys the parts hunt. I think this car represents a pretty good value considering the entry price is comparable to a similar Normale roller project and the end result of the restoration will be worth quite a bit more. Some drive train components will be expensive, -probably about $6000 more than the Normale, but as a project it will not take a lot more work than a Normale and yet be worth at least $20,000 more than a comparable Normale when done.

Market 149 was Giulia Spider Veloce 10118*39018X, a complete rust free kit that failed to sell on eBay, reaching only about $10k.

Market 81 was 10118*390222, my kind of original ‘make it go and run it as is’ car. Sold for $17,100. One of the years better buys.

Market 112 was 750F 1495*07515 out of Italy, another rough roller project but this one for serious money at 14,000 Euro’s asking or $18,300 at the time of writing.

Market 150 was 750F 1495*07582, a regular this year on eBay going through several times. There were questions about its authenticity but d&T lists 07501 – 07612 as ALL being Spider Veloces intended for the US market in 1960. This car requires $20,000 to purchase and made $19,200 the last time around. Will seem a bargain in years to come.

Market 102 was 10107 167587, an interim project car for about $20,000.

Market 91 was for 750F 1495*04062, probably the earliest Spider Veloce I have seen change hands and while the high bid on eBay didn’t meet reserve at $22,224, I know it did sell and I am going to guess it was for about $30K.

Market 134 was 750F 1495*04178. This car sold for only $24,700 and it’s only real fault was the lack of a Veloce engine.

Market 123 was Giulia Spider Veloce 10118*390214, a dry California car for restoration or quick go over and as-is use. $25,100 is solid money for it, hard top being worth probably $2000 of that.

Market 82 was 10118 390652, sold through Fantasy Junction for $32,500.

Market 76 was 10118 390549, a well loved, frequently used, no excuses car that required $39,000 to see it in your garage.

Market 155 was 750F 1495*05063. Lovingly restored by a deceased long-time owner, this car made just under $45,000 despite a few quirks.

Market 97 was 750F 1495*04358 in no excuses condition. It sold for $49,999 at auction. This is one of those results where you at first think ‘hey, that’s a lot of money’ and then the more you think about it and what it takes to make a car this nice, the cheaper it seems.

Market 169 was 750F 1495*04351, for use as is (well, brakes etc) or restoration. This car made $50,000 and was the talk of the 750/101 group and AlfaBB for a few days.

2009 was a good year for these cars in terms of value. The early cars are holding their value -even seeing some gains in what is considered a stagnant classic car market. Next year I’d like to see one of the 50 Mille Miglia eligible Giulietta Spider Veloce’s change hands.
On the late end, a Giulia 1600 Spider Veloce is a heck of a car -fast, reliable, beautiful, and of very limited availability. I expect to see a really good one make more than $50K in 2010.

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9 thoughts on “Spider Veloce market review 2009

  1. Matt, of the 15 or so Veloce’s you listed for adoption, in your opinion, which one was the Pick of the Litter and also which Veloce was the Runt that could have been a nice companion with just a little bit of training?

    Norm

    • I think the $50,000 black spider will have been incredibly well bought in the years to come when prices rise. As for the ‘bit of training’ car, probably the light blue one without an original Veloce engine.

      Ciao,
      Matt

  2. Matt,

    Love your year end market reviews! Great how your have collected and compiled throughout the year. Actual data that is so valuable for any buyer or seller …. or just plain entertaining reading for those on the sidelines. Great job.

    Tom

  3. I note with some skepticism the opening comment about ’56-’57 cars being MM eligible, apparently the result of having read (and believed) Keith Martin’s write-up on the ’57 Spider Veloce several years ago (as well as in every issue of his annual Price Guide). While it’s technically true that any pre-’58 car is elegible, the fact is you’re never going to get accepted into the MM with a production Spider or Sprint Veloce–maybe an original Lighweight Sprint, but not a regular production car. I totally disagree with Keith’s assertion (in every Price Guide) that the ’56-’57 cars are worth “50% more” than later cars. For the record, I own a ’59 Spider Veloce and have a close friend who’s run the MM and knows the ropes.

  4. I appreciate your reply and realize the information often times is 2nd, 3rd, or 4th hand. Here’s the article I refer to:

    http://www.sportscarmarket.com/profiles/2004/November/Alfa%20Romeo/index.html

    At the risk of sounding like a broken record, I recently received the 2010 edition of Keith Martin’s
    Sports Car Market “Pocket Price Guide,” and note that the 750’s still have the notation, “For ’56-’57 Veloces, add 50% due to event eligibility.”

    In the case of the MM it’s clear why 1958 is the cutoff year since that’s the last year the original race was run. I’m unaware of other vintage/historic events that would accept a pre-’58 car but would reject a ’58 or later model that was otherwise comparable, if not identical. Please correct me if I’m wrong.

    The Colorado Grand (www.coloradogrand.org), for example, has a cut-off date of 1960, which might be considered somewhat arbitrary as well, but most owners (or potential buyers) might consider that adequate compensation for not having paid a premium for a pre-’58 model that won’t get into the MM anyway.

    • Martin Swig’s California Mille is based on the Mille Miglia and is 57 or before or continuation model – in this case a 61 Spider Veloce would be okay. CM is a big deal around here. I run with the California Melee crowd; cheap sports cars before 1975, no steam rollers.

      Fantasy Junction always mentions eligibility in its write-ups.

      Maybe I’ll do a post about event eligibility at some point.

      Ciao,
      Matt

  5. Had a ’56 Veloce Spider 1996 – 1999(one of 6 left) and never got in the MM. Never got in with a Lancia B20 GT either (1989 – 1996). Got in with a Moretti Sports Car (2003) that broke in half during the event. My bad…
    Now I have a 56 Normale which is a hoot to drive and seems much more sporty than my 65 Veloce Spider.
    Probably do some event with the 56 – Mitiche Sport a Bassano is a Barchetta Rally that is open to these geat convertibles. What a blast in the Dolomites in June. Not to mention the Milano-San Remo in March which is very upscale. Hope the Euro continues a downward trend so we can enjoy those great events!
    JS

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