Join Date: Dec 2014
Location: Cars located in Alberta
Ferrari Life Posts: 296
412 Fair Value to Purchase?
At the Toronto Spring Classic Car Auction this past weekend, there was a 1986 Ferrari 412 that did not sell at the high bid of $36,000 CAD (#30,000 USD). Although I was not able to attend the auction, I did follow-up by speaking with the auction house and was able to get the following information.
1. 78,000 miles
2. no service records in the file, but would ask the owner
3. US car
4. private seller (not a dealer)
5. probably the original paint (looks its age)
6. probably the original interior (looks its age)
7. transmission type: unknown, will confirm later
At 78,000 miles and without service records, I am leery to buy this car without knowing its history, which is probably why the high bid was only $36,000 CAD ($30,000 USD). The auction company will ask the owner if they have service records available, although you would think they would have them already made them available at the auction, which raises more suspicions.
Since the owner only provided one photo for the auction's web site (see below), although they asked for more photos, the auction company will take new photos and send them to me. I'll post them here once I received them.
1999 Ferrari 550 Maranello FHP; 1999 Ferrari 456M GT; 1996 Buick Riviera; 2008 Bentley GT; 2010 Lotus Evora; 1969 Alfa Romeo 1750 GTV;
Past cars: 1965 Corvette Stingray Roadster; 1974 Corvette Stingray.