[jluetjen]

The guy that I bought my 911 from was doing a complete bare-metal rebuild of a 250GTI. He had the engine in pieces to -- so it can be done. But his other car highlights the problem with "Daily Driver" or "DIY" Ferrari's. He had a 275GTB4 which he was afraid to drive because it was worth so much. In fact that is why he had the 250GTE -- because it was not worth as much, so he could still afford to fix and drive it. I think the biggest problem with DIY Ferrari's is that unless you do it right, all that you're going to do is reduce the value of the car.

That's not to say that it's not possible to do it right -- through the 70's at least the cars were just not that complex. Their engines had almost 2x as many parts as ours (at least the 12 cylinder engines did), but it's still just an engine. But given the potential risk to someone's investment, it's just not worth going there. My sense is that most owners drive them until they need major service, and then sell'em. Which raises the question -- who's going to end up owning the car "when the music stops"???