Ferrari auctioned for record $16.4 million today at Pebble Beach - Ferrari Life
 
LinkBack Thread Tools Display Modes
post #1 of 14 Old 08-21-2011, 07:19 PM Thread Starter
 
Join Date: Aug 2011
Location: Carbondale, Illinois
Ferrari Life Posts: 9
Ferrari auctioned for record $16.4 million yesterday at Pebble Beach

Ferrari racecar sells for world record $16.4 million - Aug. 21, 2011

Last edited by RockketSled; 08-21-2011 at 07:24 PM. Reason: typo
RockketSled is offline  
Sponsored Links
Advertisement
 
post #2 of 14 Old 08-21-2011, 10:13 PM
Administrator
Elite Member
 
Andrew's Avatar
 
Join Date: Nov 2001
Location: San Francisco
Ferrari Life Posts: 6,320
That is an impressive number to pull.

Since it's an auction we know the price, whereas a private sale of a car wouldn't always disclose the price. So I wonder what a 250 GTO would go for today. Anyone know the last time one sold what the price was?
Andrew is offline  
post #3 of 14 Old 08-22-2011, 04:15 AM
Owner
 
champagne612's Avatar
 
Join Date: Sep 2010
Location: St Louis
Ferrari Life Posts: 10,022
Quote:
Originally Posted by Andrew View Post
That is an impressive number to pull.

Since it's an auction we know the price, whereas a private sale of a car wouldn't always disclose the price. So I wonder what a 250 GTO would go for today. Anyone know the last time one sold what the price was?
I think the fact Ferrari is up 20% last year says even more at an average price of 250k
champagne612 is offline  
 
post #4 of 14 Old 08-22-2011, 04:36 AM
Owner
 
barcheta's Avatar
 
Join Date: Mar 2004
Location: Maryland
Ferrari Life Posts: 1,875
Quote:
Originally Posted by Andrew View Post
That is an impressive number to pull.

Since it's an auction we know the price, whereas a private sale of a car wouldn't always disclose the price. So I wonder what a 250 GTO would go for today. Anyone know the last time one sold what the price was?
In 2008, a British buyer bought a 250 GTO that formerly belonged to Lee Kun-Hee of Samsung Electronics at auction for a record 15.7 million or $25.8 million dollars.

Current: 85' GTS QV
It's a simple process...... it's just complicated by human beings....
barcheta is offline  
post #5 of 14 Old 08-22-2011, 04:49 AM
Owner
 
Join Date: Jul 2009
Ferrari Life Posts: 260
I thought I heard of one GTO selling in 2009 for 28.5mil and another GTO for 22.5mil. I could be wrong as my memory is not what I would like it to be.



PDG
GrayTA is offline  
post #6 of 14 Old 08-22-2011, 05:15 AM
Owner
 
barcheta's Avatar
 
Join Date: Mar 2004
Location: Maryland
Ferrari Life Posts: 1,875
I pulled that info from Wikipedia so it may not be up to date... I thought I remember seeing some auction pricing that was higher also. I'm guessing that was a record for Pebble Beach not auctions in general.

Current: 85' GTS QV
It's a simple process...... it's just complicated by human beings....
barcheta is offline  
post #7 of 14 Old 08-22-2011, 05:40 AM
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
The actual sales prices of most auctions are determined in US Dollars. Do not forget, that the "golden" image of ever rising prices figures also mirror the fact of a strong Dollar depreciation over the last couple of years. If we would compare the sales prices by averaging it with a currency composition of USD's, Swiss Francs, Yen's an Yuan's (or Renimbis) the picture would probably look less promising.
212Export is offline  
post #8 of 14 Old 08-22-2011, 06:41 AM
Owner
Elite Member
 
wetpet's Avatar
 
Join Date: Jan 2006
Location: Chevy Chase, Md
Ferrari Life Posts: 9,567
CNN disagrees:
" A 1957 Ferrari Testa Rossa racecar sold at a California auction Saturday for $16.4 million, the highest amount ever paid for any car at auction."


Quote:
Originally Posted by barcheta View Post
In 2008, a British buyer bought a 250 GTO that formerly belonged to Lee Kun-Hee of Samsung Electronics at auction for a record 15.7 million or $25.8 million dollars.


100% free webcam site! | Awesome chicks and it is absolutely free! | Watch free live sex cam - easy as 1-2-3
wetpet is offline  
post #9 of 14 Old 08-22-2011, 06:43 AM
Owner
Elite Member
 
wetpet's Avatar
 
Join Date: Jan 2006
Location: Chevy Chase, Md
Ferrari Life Posts: 9,567
from the article:
"Although this was the highest price ever paid at auction for any car, this Ferrari isn't the most expensive car ever sold, according to Hagerty. Ferraris have sold privately for about twice the price of this car,"

0r about 30m US


Quote:
Originally Posted by Andrew View Post
That is an impressive number to pull.

Since it's an auction we know the price, whereas a private sale of a car wouldn't always disclose the price. So I wonder what a 250 GTO would go for today. Anyone know the last time one sold what the price was?


100% free webcam site! | Awesome chicks and it is absolutely free! | Watch free live sex cam - easy as 1-2-3
wetpet is offline  
post #10 of 14 Old 08-22-2011, 09:31 AM
Owner
 
JazzyO's Avatar
 
Join Date: Feb 2007
Location: The Netherlands
Ferrari Life Posts: 6,397
I am surprised at the money it made. It is not as good a TR as 714TR which went for a lot less in 2009. Here's a pic of the car from 1958 (copyright unknown, and thanks to my countryman Boudewijn for posting the pic on another site).


Onno



Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!
Attached Images
 
JazzyO is offline  
post #11 of 14 Old 08-22-2011, 11:04 AM
Owner
 
Join Date: May 2010
Ferrari Life Posts: 3,338
Quote:
Originally Posted by JazzyO View Post
I am surprised at the money it made. It is not as good a TR as 714TR which went for a lot less in 2009.
Onno, I think it was because it's the first and prototype TR. That and the emotional/financial reaction to the current market.
Killer58 is offline  
post #12 of 14 Old 08-22-2011, 11:32 AM
Owner
 
JazzyO's Avatar
 
Join Date: Feb 2007
Location: The Netherlands
Ferrari Life Posts: 6,397
I agree on your reasoning, but that doesn't make it any less of a surprise. From what I'm hearing experts were not expecting it to go this high.


Onno



Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!
JazzyO is offline  
post #13 of 14 Old 08-22-2011, 12:11 PM
Owner
 
Join Date: May 2010
Ferrari Life Posts: 3,338
I don't think anyone can predict the emotional responses to the market right now. Except to say we should expect more surprises!
Killer58 is offline  
post #14 of 14 Old 08-22-2011, 01:16 PM
Owner
 
JazzyO's Avatar
 
Join Date: Feb 2007
Location: The Netherlands
Ferrari Life Posts: 6,397
Well, I'm not complaining. All three 330GTC's sold for over $300k this weekend, with the highest price being $375k including buyer's premium.

Even though I paid over market price for mine in 2009, it's starting to look like a decent investment now!


Onno



Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!
JazzyO is offline  
Reply

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome
Copyright 2012 ONE Media, Inc.
FerrariLife is independently run with no affiliation with Ferrari SpA
Ferrari for Sale | Maserati for Sale