Classic Ferrari once bought for just £3,750 by Mike Brewer on Wheeler Dealers is now worth FIVE times more
A CLASSIC Ferrari that was once picked up by Wheeler Dealers’ host Mike Brewer in an episode of the show for just £3,750 is now worth a lot, lot more.
The stunning Dino 308 GT4 model, produced between 1973 and 1980, was bought by the TV motorhead in 2009 for the measly sum.
The red sports car required an array of tweaks to its bodywork and became the first project on the show to go over £10,000.
In fact, Mike and his co-host at the time Edd China forked out £11,880 on repairs for the Italian supercar, with fixes made to the front undercarriage panel along with a replacement exhaust manifold, a full respray, and refurbishment done to the wheels.
After Edd worked his magic, the motor was sold for £13,000, earning the duo a £1,120 profit.
However, some 15 years later, the 308 GT4 is now worth five times that amount at over £68,000 - judging by an example currently being sold by Cars & Classic.
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The 1975 model, which the listing states is in “very good condition” with under 58,000 miles on the clock, has been tweaked by the previous owner - including a “recent major technical maintenance” job.
According to a feature by classic car experts at Hagerty, the 308 GT4 has “recently gained a devoted following” while its “Gandini-penned design has aged nicely.”
They added: “If you’re a Ferrari enthusiast on a budget - relatively speaking - the company’s first production mid-engine V8 sports car is a tempting choice.
"Between 2019 and 2023, the best 1975 Ferrari Dino 308 GT4 would command just north of $80,000 (around £63,000), on average, according to the Hagerty Price Guide.
“Several recent auctions over the last year or so pushed that figure to an average of $123,000 (£97,000) in July 2023.”
This comes as a classic Fiat once bought on the show for just over £12,000 is now worth much, much more.
And elsewhere, current Wheeler Dealers spanner-man Marc Priestley has opened up on the duo's recent trip to Australia - including the new skills he learned from a "bush mechanic."
