1989 Alfa Romeo SZ Zagato

2dr Coupe

6-cyl. 2959cc/210hp FI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$84,200 CAD*

+5.1%
#4 Fair condition#4 Fair
Value Graph07/2410/2401/25$20k$40k$60k$80kApr 2025
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1989-1993 Alfa Romeo SZ and RZ Zagato stats
Highest sale
$143,663 CAD
Lowest sale
$27,702 CAD
Most recent sale
$130,823 CAD
Sales
52

Photos

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1991 Alfa Romeo SZ Zagato Coupe
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Model overview

Model description

The brutalist Alfa Romeo SZ coupe and RZ roadster twins of 1989-93, tagged “Il Mostro,” are generally described as Zagato designs. As is often the case in Italy, though, that’s only partly true. Zagato oversaw the project and handled production, but Robert Opron of Alfa Centro Stile created the initial drawings.

Opron was part of Walter Da Silva’s team and Alfa Romeo’s early use of computer-aided CAD/CAM design is often credited (or blamed) for the result. The origami twins first drew breath as the ES30 concept in February 1987 and the resulting SZ Coupe puzzled the press at the 1989 Geneva Show, only 19 months later. The price matched the contemporary Porsche 911, which suggested limited sales were likely.

The SZ coupe was radical in appearance with a floating greenhouse on top of a red wedge and six diminutive and menacing Carello headlights. The body of methacrylic resin was bonded to the steel chassis (with widely varying gaps) and Alfa Romeo reckoned it could build as many as 10,000 units a year. That never happened, and only 1036 coupes left the factory, all red with a gray roof. The convertible that followed in 1992 missed its modest target of 350 units. Only 274 found buyers.

The SZ shared underpinnings with Alfa Romeo’s 75 sedan, which raced in Group A Touring Car competition. Assembly took place at Zagato’s Terrazano di Rho factory, hence the attribution to the coachbuilder. The engine in the SZ is a 207-bhp version of the 75’s “Busso” 3.0-liter V-6, with improved intake and exhaust manifolds and Bosch Motronic fuel injection. A 24-valve engine didn’t arrive in time, so the SZ got the existing 12-valve engine instead. It fits longitudinally and drives the rear wheels through a 5-speed transaxle. The SZ’s claimed top speed is 143 mph and 0-60 comes in 7 seconds.

Alfa factory test driver Giorgio Pianta, who had prepared Lancia rally cars for Walter Rohrl and Henri Toivenen, improved the Alfa 75 sedan’s platform by trading 75’s front torsion bars for coil springs and wishbones with trailing links, and by adding a de Dion rear axle with Watts linkage. Pianta claimed 1.4g in the corners in dry conditions. Newly-developed Pirelli P Zero tires provided added traction. Another feature was the adjustable ride height. The push of a button could lift the body two inches.

After building 1036 coupes, Alfa followed up with the RZ convertible in 1992. While it was mechanically identical, it shared very few body panels with the hardtop – just the front fenders and trunk lid. The RZ hood eliminated the air ducts and the rear lip was kicked up to cover the wipers. The blunt chin spoiler was raised an inch, easing access to parking lots, and the side skirts were redesigned. The windshield was cut down two inches and side windows curved to match windshield angles. The rear deck received a Zagato-style double hump and the manual top folded underneath it.

Alfa Romeo aimed to sell a modest 350 RZ convertibles, but the Zagato producing the cars went into receivership after delivering just 242 examples. The receivers completed 32 more, at which point the project was abandoned.

Due to the small numbers built, the SZ and RZ are a rare sight, especially in the States. Alfa never officially sold them in the U.S., so spares and service is a challenge. The styling also remains an acquired taste and the performance isn’t exceptional by today’s standards, but these cars are quite collectible in certain crowds. And on looks alone, it is one of the most distinctive cars of the 1990s.

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Common Questions

The value of a 1989 Alfa Romeo SZ Zagato can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $58,900 USD for a 1989 Alfa Romeo SZ Zagato in good condition with average spec.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved.