Car Catcher: Over-Zealous Alfa Romeo Spider

We originally ran this story in our May 2014 issue. Did this prove to be a sound investment? According to Hagerty, a No 1, concours-ready Spider Quadrifoglio still only commands $25,600, making this Alfa an outlier. 

This Alfa Spider sported very few miles and was in showroom condition, but the model is neither rare nor exceedingly desirable. Its hammer price of $46,200 at Gooding & Company’s Arizona auction was much more than it cost new. We reckon the car was worth around $16,000, making this look to be a very poor purchase decision. We guess someone really needed to pay a world-record price for a 1989 Alfa Romeo Spider.

 

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Comments
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TR8owner
TR8owner HalfDork
4/26/14 8:24 p.m.

Is the buyer an idiot?

Jordan Rimpela
Jordan Rimpela Digital Editor
9/12/19 8:21 a.m.

Maybe it was a sentimental purchase? Anyway, I've updated this with 2019 prices. Yeah, still in the red. 

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