The F355 ran hard into Monterey and has since pulled back. That does not make the entire move a bubble. To understand what happened, you have to look at where the market started, where you bought, and what you bought.
Same Car. Different Timing.
A gated F355 Spider sold for $118,500 in September 2025. Today, our market level is $267,800. That early buyer is still up about 126%. A buyer entering near the $315,000 peak is down about 15%. Same model. Same market. Completely different result.
For additional market context, you can follow both models directly on CLASSIC.COM:
Ferrari F355 Spider Manual Market
The Model Mattered Too.
The F355 corrected about 15%. The 488 corrected about 20%, a decline roughly one-third deeper. Both participated in the same Ferrari run, but the F355 has held more of it. The gated manual, naturally aspirated V8, analog experience and limited supply give the F355 something newer Ferraris cannot recreate.
Let’s Unpack This.
This 45,000-mile Berlinetta dropped 28.6% from its highest asking price. But the broader F355 market pulled back only about 15%.
Why the difference?
Scarcity.
When only one or two cars are available, sellers can ask more because buyers have fewer choices. That extra amount is the scarcity premium.
Then more cars come up for sale.
Now the tables turn. Instead of several buyers chasing one car, several cars are chasing the same buyers.
As that scarcity premium disappears, asking prices come back down. This is price discovery. Buyers and sellers are figuring out where the market really is.
That’s why this car can be down 28.6% from its highest ask while the overall F355 market is down only about 15%. Those numbers are measuring two different things.
And here’s the important part:
March 2025 ask: $142,000
September 2026 ask: $249,995
View the documented price history for this F355 Berlinetta on Classic.com
Even after the price cut, the car is still asking 76% more than it was 18 months ago.
That gives you a much clearer picture than looking at the highest asking price alone.
What Happens Next
The excitement has cooled. Supply has returned. Buyers have choices again.
I still see more potential in the F355. The characteristics that drove demand have not changed, but the entry point has.
Now the question is not whether the F355 pulled back. It did.
The question is where the next opportunity is.
In the next Rienzi Report, we’ll look across the Ferrari market and answer the question that matters now: Which models are likely to hold their value, and which could still have another 10% or 15% to fall?
Photo courtesy of the Seller: 911r ON B.A.T.
