For Sale: 1989 Ferrari 328 GTS ($139,500)

1989 Ferrari 328 GTS ($139,500)

Petrolicious Marketplace By Petrolicious Marketplace
June 15, 2017

Photography by The Charis Culture

Written by Andrew Golseth

PRICE: $139,500


In 1975 Ferrari unveiled its Dino 246 successor, the 308. Unlike its curvaceous Dino predecessor, the Pininfarina designed 308 was an all-new take on the mid-engine sports car from the ground up. The lightweight fiberglass body was fixed to a state-of-the-art tube frame chassis that featured four wheel independent suspension and disc brakes all around.

The Dino’s V6 powertrain was ditched for a more powerful tipo F106AB 2.9-liter transversely mounted V8. The high-strung 90-degree eight-pot featured a flat-plane crank that spun out a respectable 250 horsepower. The 308 was a hot seller for Ferrari and remained in production until 1985—nearly a ten year production cycle.

The 328 took the 308’s place and, although visually and mechanically similar, the new and improved 328 was heavily revised for the 1986 year. Performance-wise, the 328 got a punch up in power thanks to a larger 3.2-liter motor, upping power to 270 HP. The bodywork was all steel, reworked in addition to a more luxurious interior, larger alloy wheels, and various trim to carry the 308’s design through the 1980s.


By the mid-80s Ferrari had a distinct design language thanks to its entry level Mondial, flagship Testarossa, rowdy 288 GTO, and 2+2 400 series grand tourer. The original 308 shape was carried over to the 328 but the body-hugging black bumpers were tossed in favor of larger body-integrated bumpers with new lights, grille, and a lengthened chin spoiler.

Further, the bodywork received various massaging to smooth out some of the earlier hard-edged line, all effectively making the otherwise decade old design appear as fresh as the rest of the Prancing Horse lineup. From 1985 to 1989, approximately 7,400 328 models were produced, successfully carrying the 308’s original appeal well until the very end of production.


This 1989 Ferrari 328 GTS is a stunning example finished in the rare and desirable color combination of Azzurro California metallic blue over a blood red and black two tone leather cabin. This accident-free 328 retains all of its original bodywork and factory applied paint, which are rust free and remain in incredible preservation respectively. This car is so pristine it secured not one, not two, but three Platinum Winner awards at the Cavallino Classic (2014, 2015, and 2017).

Inside, the inviting dark red leather sport seats present in equal tip-top condition, showing minimal wear with no tears, rips, stains, or major scuffs. The cabin remains entirely original and very tidy with great colors that work beautifully with the light blue paint.

The powertrain and drivetrain have been professionally serviced since new throughout its life with no deferred maintenance. This turnkey condition targa sports car has been painstakingly maintained and routinely serviced over all 19k miles and now offers a ready-to-drive bill of health for the next caretaker.


Body – All body panels are original to the car with even panel gaps throughout. The body, tube frame, and undercarriage is rust free and straight.

Paint – The body wears the original factory-applied Azzurro California metallic blue paint with a deep glass-like finish with no major blemishes to note. All non-painted body accessories—including the targa top, c-pillar vents, rear glass “ski” wing, and ventilated engine cover—hold a deep semi-matte black finish and in excellent condition.

Trim & Glass – All pieces of glass, including the windshield, are original to the car with no pitting, cracks, or etching. The lighting equipment is clean, undamaged, and fully functional. All rubber seals and gaskets are solid with no fading or dry rot damage.

Wheels – The 16-inch alloy wheels (wrapped in fresh BF Goodrich tread) wear their original metallic silver paint with no curb rash or peeling and are complete with all four yellow Prancing Horse adorned center caps—the original spare wheel is included.


Steering Wheel – The factory three-spoke leather wrapped MOMO wheel is immaculate and original.

Dashboard & Instrumentation – The black leather wrapped dash is taut with no wrinkles, tears, or sun damage. The original black-faced Veglia Borletti instruments all work properly.

Seats, Trim, & Carpet – The dark navy blue carpeting and floor mats appear showroom fresh and the red leather seat covers look new with no creasing or tears. The door panels, rear parcel shelf, and remaining interior components and switchgear are all clean and complete.


Engine – The original 90-degree banked 3.2-liter Quattrovalve V8 engine has not been opened since its factory assemblage. All mechanical components are original to the car with the exception of consumables (fluids, filters, belts, etcetera).

Transmission – The original five-speed synchromesh gated manual transmission.

Handling – The four-wheel independent double-wishbone coil spring suspension with anti-roll bars offers a modern, balanced drive and excellent braking.


This car has been kept within Ferrari specifications since new, securing a like-new drive and aesthetic the obsessive previous caretakers took great care in preserving. With the exception of typical consumables—such as tires, fluids, filters, and belts—this 1989 Ferrari 328 GTS remains entirely original.


Included in the sale is the original spare wheel and tire, factory toolkit, Owner’s Warranty and Service Book (U.S. Version) manuals, fully documented service history, and a Classiche Certification booklet from Ferrari.


1989 – 1990 | Owner 1 | Houston, TX

1990 – 2013 | Owner 2 | Pennsylvania

2013 – 2013 | Car listed with Fantasy Junction

2013 – present | Mark J. Minkin | Palm Beach, Florida



See what it’s like to own and drive a 328 GTS is a past Petrolicious episode.


Blue Is The New Red – We wouldn’t turn down a Rosso Corsa Ferrari of any vintage, but there’s just something so right about a blue Ferrari, especially with a lush red leather upholstered cabin. If you were wondering how to make a fellow 328 owner jealous, raise his red wedge a blue GTS.

Turnkey Package – With fully documented service records dating back to new and up-to date maintenance performed, this classic Ferrari is ready to roll without worry.


This car is for sale by Mark J. Minkin of Palm Beach, Florida.



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