✦ Shifty Estimate
$90,500
▲ 52.6% · 12 mo- 12 months median
- $110K
- Market cap
- $382.6M · 4,228 built
- Sales, 12 months
- 8
- Original MSRP
- $100,000 · ▼ 10% since
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1989 Ferrari 348 ts
1989 to 1993 · Targa · 4,228 built
Price history
Recent sales
More sales on file
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Every sale for this exact market, with the chassis behind each number. Drop your email and you are first in.
Specifications
- Engine
- Naturally Aspirated V8, 3.4L
- Power
- 300 hp
- Torque
- 238 lb-ft
- 0 to 60
- 5.6s
- Top speed
- 171 mph
- Transmission
- Manual
- Drivetrain
- RWD
- Curb weight
- 3,086 lb
- Production
- 4,228 units
- Original MSRP
- $100,000
- Designer
- Pininfarina
Common questions
How much does a Ferrari 348 ts cost?
A 1989 Ferrari 348 ts cost $100,000 new. Over the past 12 months, 8 have sold publicly at a median of $110,250. The Shifty Estimate for a well-kept example is $90,500. Cars have changed hands anywhere from $63,600 to $104,075, depending on mileage, color, and history.
What is a 1989 Ferrari 348 ts worth today?
The Shifty Estimate is $90,500, up 52.6% over the past 12 months. That sits below the $110,250 median of actual sales because the estimate weights the most recent results most heavily, and recent sales have come in under the longer-run median. Confidence is high: 8 public sales in a year gives a firm read.
Is a Ferrari 348 ts a good investment?
It has depreciated 10% against its $100,000 list price. Values are up 52.6% over the past 12 months. Only 4,228 were built. The caution is spread, not direction: across the sales we have on file, prices ran from $63,000 to $225,000, and mileage explains most of that.
What has a Ferrari 348 ts sold for at auction?
The 3 most recent public sales we have on file:
- $154,348Jun 30, 2026Giallo Modena · 16,000 mi
- $225,000Mar 24, 2026Giallo Modena · 17,000 mi
- $135,000Dec 17, 2025Nero · 35,000 mi
The 348 ts pioneered Ferrari's targa concept, featuring removable roof panels that offered open-air motoring without the complexity of a full convertible. With 4,228 examples built, it was the most popular 348 variant, proving buyers appreciated the versatility of removable panels. The 'ts' designation stood for 'targa spider,' though purists argued it wasn't a true targa design. Mechanically identical to the tb coupe, the ts delivered the same 300-hp naturally aspirated V8 experience with added versatility. Pininfarina's design accommodated the removable panels seamlessly, maintaining the 348's aggressive stance. The ts represents peak 1990s Ferrari philosophy: dramatic styling, naturally aspirated power, and manual transmission purity. Today's collectors value the ts for its practicality—you get both coupe rigidity and open-air freedom. While not the rarest 348, clean examples command strong prices as enthusiasts recognize the ts as offering the complete 348 experience.