Ten years ago, Alfa Montreals sat firmly in the category of exotic-looking cars at down-to-earth prices. While that spectacular Marcello Gandini-penned bodywork never failed to turn heads, the Alfa 33-derived V8 frightened off buyers on restricted funds while enthusiasts with the funds to weather expensive engine bills were put off by the relatively humble Alfa 105-series underpinnings. Then the market growth of last 10 years intervened and the Montreal rode that wave well, with prices climbing between four-and five-fold, depending on which condition you were shopping for.
For now, it looks like the party’s over as prices have slipped 3.6%, enough to drag the Montreal into the top 20 of this month’s Price Guide Movers On The Slide. That makes the entry point for a tired car needing expensive restoration down at £20k, with good, usable cars £30k and those in the mint-concours range commanding £49.5-£67.5k. So they’re still a long way from bargain-exotics territory. We’ll be watching what happens to see whether they keep heading in that direction in a topsy turvey market that can see selected models losing value one month only to pick up again the next, or vice-versa.
Price Guide Movers is part of 16 pages of buying tips and advice, including Quentin Willson’s Hot Tips, Ads on Test, the Buying Guide in the latest issue of Classic Cars.