This 7K-Kilometer 1989 Ferrari 328 GTS Is Back At No Reserve After A $120K Bid In AugustIn August, this Ferrari was bid to $120,000 on Bring a Trailer. Today, the same car is back. A 7k-kilometer 1989 Ferrari 328 GTS is now closing on Bring a Trailer with no reserve, which means it sells to the high bidder no matter where the number lands. As of Thursday morning, October 1, the bid sat at $105,000 with 18 comments and roughly 800 watchers, and the auction is set to end around 2:20 p.m. EDT today. The car is in Bellingham, Washington.A 328 That Was Barely Driven Until 2008The odometer shows 7,000 kilometers, about 4,100 miles. The detail that makes it interesting is where those kilometers came from. The current owner bought the car in 2008 reportedly with only 350 kilometers on the clock after long-term storage, and the listing says about 6,000 of the kilometers since then were added under the current owner's care. In other words, this is a low-mileage Ferrari that spent a long stretch in storage and was then actually driven, which is not what usually happens to cars like this.It is one of roughly 6,068 removable-top GTS examples built, finished in Argento Nürburgring Metallizzato over Rosso leather, with the black roof panel, pop-up headlights, and quad exhaust tips out back. Power comes from the 3.2-liter, four-valve V8 with Bosch K-Jetronic fuel injection, matched to a five-speed manual through the gated shifter. Inside, the Veglia gauges, cassette-era Blaupunkt Houston radio, power windows, and air conditioning are all as expected. The seller says it also comes with manufacturer's literature, service records, spare parts, a tool kit, a clean Carfax report, and a clean Washington title.Why the Second Run MattersThe listing history is the real plot. The same car was offered in August by its owner and bid to $120,000. Since then it has had a major service and has been imported to the U.S., and it has come back through P1 Motor Cars, a BaT Local Partner, on consignment and with the reserve removed. The current bid is already $15,000 below that August number, so the question for the final hours is simple: does a no-reserve finish pull the car back above $120,000, or does it close for less than the owner turned down before?It is not perfect, and the seller says so. A section of the lower body was repaired after a curb strike about 14 years ago, and prior paintwork on the driver-side rear wheel arch is visible up close in the gallery. Fresh Continental DWS06 Plus tires were fitted in 2025.The 328 in ContextThe 328 is the Pininfarina-styled, mid-engine V8 Ferrari that followed the Magnum P.I.-famous 308, which we looked at in The 1978 Ferrari 308 GTS: From Magnum P.I. to Maranello. If you want a sense of how the market treats the later cars, check out this all-original 1986 Ferrari 328 GTS, this 1987 328 GTS with F1 history, and our earlier look at a no-reserve 1984 308 GTS Quattrovalvole and how it stacked up against Hagerty values.Auctions like this one tend to be decided in the final minutes, and a no-reserve Ferrari with a documented history and a public August bid to compare against is exactly the kind that draws a late rush. Keep an eye on the listing on Bring a Trailer to see where it ends up.⚡️ Read the full article on Motorious
+33 others
