Dino 246 - nearing 500k! - Page 2 - Ferrari Life
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post #21 of 42 Old 01-10-2013, 05:08 AM
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Originally Posted by iainuk View Post
Since when was there any logic to the values of classic cars

The Dino generally appeals to a different buyer than the older V12 GT cars. It is small, nimble, light and the first "recognisable" Ferrari to a whole new generation of buyers who have grown up identifying mid engined models as their dream cars and who are not yet ready for the old style charms of the larger touring V12 models. Many of these buyers have owned modern mid engined exotics but crave the simplicity and delicacy that a car like the Dino provides. It isn't fast but it is certainly rewarding to drive at more sensible speeds than the latest cars and needs more driver involvement to get the best out of it as it lacks any sort of driver aids and has no power steering. It's only real concession to modernity is all round disc brakes yet it still feels much more contemporary to drive than it's V12 peers of the same era due to it's layout and weight. It is also much less costly to run and maintain than the V12 cars.

In spite of views on production numbers these are still relatively rare cars in a world where there are increasingly far more people with the wealth to afford them. There are never huge numbers on the market for sale at any one time so prices will remain resilient IMHO. As prices of the 246 starts to climb out of reach for many would be buyers, early 308's are going to start to rise in value as they become the next car to tip over into classic status. The same problem that beset the 246 for so long - many tired examples requiring expensive restorations - will start to diminish as values rise and restorations once again become viable.

I'm guessing from the comments of other 246 owners on this thread that they have little intention of parting with their cars anytime soon as they are such good fun to drive and that is a common sentiment shared by other owners on various forums.
+1
Very well said. The charm of the market is how it continues to surprise. Although I agree accellerating to 500K so fast is quite remarkable.

Go get your Dinos now in Europe ASAP!! That's the conclusion...

Salve,
Capo

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The good news: I'm the pilot

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post #22 of 42 Old 01-10-2013, 06:02 AM
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...... Come to Italy and buy one for 100k , and if it's not perfect you still have at least 300k to make it gold plated and export it wherever you want... ..
Please point mne in the direction of where these 100k Dinos are in Italy as I'd gladly stock up on them

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post #23 of 42 Old 01-10-2013, 06:53 AM
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Please point mne in the direction of where these 100k Dinos are in Italy as I'd gladly stock up on them
You're right that 100 may be too low (but it may happen to find the deal), But you could find that price until few months ago. The actual price average is max 150k. but is the result of two kinds of price pressure: one downward coming from inside because nowadays in Italy is almost a crazy thing to own a Ferrari. Prices of almost any model are quickly falling. This put pressure upward because foreigners pay more and the result is that cars are leaving the country. It is a pity but not much can be done.
Maybe just buy and hide the car somewhere for the next 5 to 10 years.

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post #24 of 42 Old 01-10-2013, 07:40 AM
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There are 4 Dino's alone offered in Switzerland (tiny) at or below Euro 160'. I very much agree with Ian's lengthy and well detailed comment. There was never any rational or logic behind prices for classic cars. However, the same could be said by the obvious belief of ( I assume) some, that by now, Dino prices generally are at or around 500'K just because 1 example has traded there. Kind like the old Stocktrader who correctly points to the fact that: "Its not the News who creates the prices, its the price who creates the news".

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Last edited by 212Export; 01-10-2013 at 07:46 AM.
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post #25 of 42 Old 01-10-2013, 09:12 AM
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I smell a bubble brewing.

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post #26 of 42 Old 01-10-2013, 09:38 AM
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Originally Posted by 212Export View Post
All that is relative....it may could give a clue where Daytona prices could potentially go to....(read Sheehans lastest comment)..... Or the relative value of a sexy Dino to a BB. Queen Mary etc.
As a trader i would short 2 dinos and buy 1 Daytona, 1 365 BB, 1 308 GTB, 1 365 GTC/4, 1 365 Gt 2+2 plus a 550/575........!!
Or short 2 dinos and buy a Daytona and a F40......
Or a F 50 and a Daytona.....
..+ 1

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post #27 of 42 Old 01-10-2013, 09:45 AM
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212 is absolutely correct. As with any tipo, one transaction price does not automatically bring all other examples up to the same level especially one where more examples were produced. The 246 is definitely on a rising trend though and this time around has age as a plus point on it's side whereas in the early 90's it was merely another Ferrari to buy during that classic car boom period when there were far fewer examples of all types available and almost any car with spurious classic status rocketed in value. With another 20 years plus of Ferrari production now available to buy on the used market there are far more Ferraris generally available than there were and the Dino is being purchased for different reasons.

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post #28 of 42 Old 01-10-2013, 11:05 AM
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Please point mne in the direction of where these 100k Dinos are in Italy as I'd gladly stock up on them
Be careful you don't run into anti-trust issue on hoarding.
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post #29 of 42 Old 01-10-2013, 11:48 AM
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Be careful you don't run into anti-trust issue on hoarding.
I need to widen my strategy and go long on 308's as well

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post #30 of 42 Old 01-10-2013, 12:11 PM
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Originally Posted by iainuk View Post
I need to widen my strategy and go long on 308's as well
Now we are on the same side.......;-) (Although i like the Dino more, must admit)

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post #31 of 42 Old 01-10-2013, 12:24 PM
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As with any tipo, one transaction price does not automatically bring all other examples up to the same level.
One sunny day doesn't make a summer.

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post #32 of 42 Old 01-10-2013, 01:06 PM
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I need to widen my strategy and go long on 308's as well
Production numbers are much higher so more difficult to do. Suggest you try Daytonas or 330 GTCs.
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post #33 of 42 Old 01-10-2013, 01:15 PM
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Anybody interested in some of my tulip bulbs?

Taz
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post #34 of 42 Old 01-10-2013, 02:07 PM Thread Starter
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Anybody interested in some of my tulip bulbs?
I will take two please!

We should be celebrating these numbers and pat all the enthusiasts and owners on the back.

This is a win win boys!
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post #35 of 42 Old 01-10-2013, 09:44 PM
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Anybody interested in some of my tulip bulbs?
So 1637...................
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post #36 of 42 Old 01-11-2013, 01:52 AM
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History is always repeating.....but nobody knows from what level to what level.... First we may see the 1 Mio. $ Dino sale and the $ 100 Mio. 250 GTO trade....who knows? (I do not!).

Present: 365 GTB/4, Scud
Past: 250 GTE, 250 PF (2), 275 GTBsn, 330 GTC, 456GT, 550, 360Stradale, 430Scuderia, F40, F50
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post #37 of 42 Old 01-11-2013, 11:16 PM
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Funny, at the moment I have feelings of an excited idiot. Wife and I love the Dino and I quickly shared, "check it out someone's nearing 500k, can't wait for this thread with some serious drive and rebuild stories..." then of course realizing it's not 500k flipping the speedo a 5th time but a listing price. Anyone by chance have 500k mileage to save me in a reply post?!
This was my sentiments too Blu, when I first read the thread heading. I thought the Dino must have had a very sympathetic owner to get to those K's ( we in NZ use k's short for km's) which would not be impossible.
I do know of two Dino 246GTB's in NZ that have original owners, but I don't think with those sort of km's.

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post #38 of 42 Old 01-12-2013, 02:07 AM
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History is always repeating.....but nobody knows from what level to what level.... First we may see the 1 Mio. $ Dino sale and the $ 100 Mio. 250 GTO trade....who knows? (I do not!).
Interesting projection. One thing we do know right now, you can have the best 308 GTB on the planet for roughly $130k.

http://www.ferrarilife.com/forums/fe...sue-123-a.html
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post #39 of 42 Old 01-12-2013, 02:54 AM
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Hi Boxer to follow on from your good point. There are examples of say 308 GTB at double the market average and this could be for a miriad of reasons; condition, provenance etc. This is the case with the Dino's just at a higher price point. Most factors for this have already been touched on here but I think there is also a 'investment haven' driver as well.

I think that there has always been speculators/investors who know the auto industry or parts there of, that have invested in potential classics using their knowledge and connections to buy the best examples of rare and or interesting cars. There has also been an increase over the last few decades and especially in the last half decade in investors that are not knowledgable or connected to the industry but recognise the advantages of this type of investment. This has pushed the price points of the best cars skyward.

As an investment they are somewhat like art, but with a number of real upsides. You can actually use this investment (if your game), you can show it off as public knowledge of ownership improves your security, there are distinct tax advantages to investing in 'second hand cars' and the exit strategy is extremely simple.

In this day and age there are many investors who have been burnt in the tra dictional markets like stocks property etc and diversifying into a strong investment opportunity with a simple exit and little or no tax obligation is hard to find. There are lots of people who have diversified, not just into cars but fine wines and other collectables that maintain value or actually grow, are relatively easily secured and attract little or no attention form the revenue collectors.

Using the 500k Dino as an example there will always be corrections in the market but I don't think a bubble. We are talking about the rarified top 10% of the Dino market here and as good Dino's head towards 200k the odd special one will rise up like has happened.

Either that or someone got conned!

Cheers
Michael

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post #40 of 42 Old 01-18-2013, 05:37 AM
 
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You're right that 100 may be too low (but it may happen to find the deal), But you could find that price until few months ago. The actual price average is max 150k. but is the result of two kinds of price pressure: one downward coming from inside because nowadays in Italy is almost a crazy thing to own a Ferrari. Prices of almost any model are quickly falling. This put pressure upward because foreigners pay more and the result is that cars are leaving the country. It is a pity but not much can be done.
Maybe just buy and hide the car somewhere for the next 5 to 10 years.
they are selling in italy because la finanzia the tax guys are cracking down and they target sports car owners.
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