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Cars / Ferrari / 348 tsLive
1989 Ferrari 348 ts

✦ Shifty Estimate

$94,900

12.3% · 12 mo
High confidence$64K to $109K
12 months median
$86K
Market cap
$401.2M · 4,228 built
Sales, 12 months
17
For sale now
1
Original MSRP
$100,000 · ▼ 5% since

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1989 Ferrari 348 ts

1989 to 1993 · Targa · 4,228 built

Price history

$50k$100k$150k$200kJun 2016201820192020202120222023202420252026✦ SHIFTY ESTIMATE TODAY $95k
Sold Bid, not sold
109 sales · 13 unsoldmedian $86kupdated Sep 2026

Recent sales

109 sales

For sale now

1 listing
  • 1992 · Nero · 35,649 mi · P1 Exotics$139,000

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, 17 have sold publicly at a median of $85,500. The Shifty Estimate for a well-kept example is $94,900. Cars have changed hands anywhere from $63,900 to $109,135, depending on mileage, color, and history.

What is a 1989 Ferrari 348 ts worth today?

The Shifty Estimate is $94,900, up 12.3% over the past 12 months. Confidence is high: 17 public sales in a year gives a firm read.

Is a Ferrari 348 ts a good investment?

It has depreciated 5% against its $100,000 list price. Values are up 12.3% 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 $41,348 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:

  • $68,000Sep 2, 2026red · 67,056 mi
  • $96,000Aug 7, 2026Giallo Modena · 27,000 mi
  • $92,771Jul 1, 2026Rosso Corsa · 44,196 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.