A 1988.5 [Ferrari 328](https://fridayswatchlist.com/search?make=Ferrari&model=328) GTS just sold for $111,000, and that’s a deal considering it went for 15% below fair value.

This particular 328 GTS is a gem with only 26,000 miles on the clock. It features a fuel-injected 3.2-liter V8 engine and a five-speed manual transaxle, which is the sweet spot for driving enthusiasts. The Rosso Corsa paint paired with a Crema leather interior not only looks fantastic but also reflects the classic Italian flair that Ferrari is known for. This car has a clean Carfax and a solid one-owner history until 2007, making it an appealing option for collectors. Low mileage, a naturally aspirated V8, and rear-wheel drive are quintessential traits that resonate with buyers looking for an engaging driving experience.

At $111,000, the price is clearly attractive when you consider the bidding war that brought in 21 bids. The auction went fast, indicating strong interest in this well-maintained example. The fair value estimate was pegged at $130,000, which reinforces how this sale was a good deal for the buyer. It’s not often you find a well-known history car like this one, especially with such low mileage, going for significantly less than what it could command in today’s market.

Community sentiment echoed this assessment. One commenter noted, “This was a bargain for a relatively low mileage, well maintained/known history example.” That sentiment captures the mood perfectly; it seems like the market hasn’t fully caught up with the value of high-quality 328s yet.

For anyone on the hunt for a similar car, pay attention to service history and documented maintenance. A clean record can make a world of difference in resale value and peace of mind. Low mileage is great, but if the car hasn’t been cared for properly, it might not be worth the investment.