Join Date: Jan 2013
Location: Saratoga Springs NY
Ferrari Life Posts: 905
I just went through the list of cars that will be offered by RM Sotheby's at their upcoming auction in Arizona on Jan 19-20, and see that they have a 575 listed (see attached) with an estimated sale price of US$200,000 to US$250,000 which seems quite high considering today's market. Then I noticed that the car has only 251 km on it since new! Unbelievable! So basically this means that car was ordered or taken off the lot and put right into a garage since 2002! I wonder how well a car like that would run after 15 years stationary (?), but then it leads more credence to the estimate because investors love a low mileage Ferrari. What are your thoughts?
P.S. Incidentally the car is offered without reserve so it may go way below the estimate, or not...
Clyde and all, David Gooding's Scottsdale catalog offers a nero/beige 2002 575M F1, 19" composite wheels, shields, no mention of FHP, with a more normal mileage of 11,800, 2015 major service by Ferrari/Denver est ser# 129484 at an estimate of $180K-$240K, even more unusually high given our recent market. Also at Gooding, a 2002 575M 6-speed three-pedal, titanio grigio/rosso, standard wheels, no FHP (not available in 2002) with 16,500 miles estimated at $350K-$425K. This latter car was sold new by Ferrari New England and I believe is the 6-speed that I was talking with FNE about buying when I discovered my present 575M in the paint/leather that I most wanted, blu Tour de France/cuoio, and bought it despite its F1 transaxle, my present car. Remain delighted with my choice.
Will be very interesting indeed to see if the market on 575's really has begin to recognize the extraordinary value these cars deliver in comparison to much of the rest of the Ferrari market, putting aside the much rarer pre-1969 cars.
575M F1, Maserati Spyder, Cadillac STS-V & CTS
past: 330/365GTC speciale, F355b, 412GT, 400iA, 308GT4 2+2, 330GT 2+2, Porsche 356b Super 90, BMW 1800ti
what do I know? I drive blue Ferraris
Last edited by intrepid; 01-13-2017 at 09:10 AM.