Upon discovering this discrepancy, the feds reached out to the California Highway Patrol Investigative Services Unit and a special agent from the National Insurance Crime Bureau that was assigned to the Foreign Export and Recovery (FEAR) team. The U.S. Customs and Border Protection even reached out to a Ferrari factory expert. Once everyone involved had a chance to do their due diligence, the conclusion was made that the Ferrari 308 GTSi was stolen from an Orange County used car lot on July 19, 1987. The owner of the car received an insurance payout for the theft, according to U.S. Custom Border Protection who stated that the owner “wishes to remain anonymous.”
With only 45,000 original miles on the odometer, the 2.9-liter naturally aspirated V-8 capable of producing just north of 200 hp is seen as a pristine example of such an iconic sports car. While the Ferrari 308 GTSi may be among one of the most recognizable Ferraris of the 1980s, the value of the car is much less than one would expect. The going rate for this car sits right around $50,000. Some contributing factors to the extremely low price tag include over production and a miniscule amount of horsepower found under the hood.