Crazy markets ! - Ferrari Life
 
LinkBack Thread Tools Display Modes
post #1 of 17 Old 05-21-2014, 08:28 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
Crazy markets !

We have get used to the spectacular "lift up" in prices regarding the Dino's, 330/365 GTC's and lately also the 4 seater ferraris like the 330 GT 2+2's.
I wondered a little why Boxer's and Daytonas did not move accordingly and urged people interested in the theme to get those...after all is said and done. 1 year ago, a Daytona (LHD) could be bought for 220' to 250' , at a time when good Dino's have been starting to fetch such prices. But as expected, suddenly the market seems to realigne/balance itself. When checking several Daytona offers (yes, some RHD's as well, thin market) from owners and brokers, Prices now are around 500' - 650 . So those who have not entered the classic market and still would like to do it, make sure you get your 365BB's/512 BB's and 308 GTB's and probably already your 328 GTB's as soon as possible.
Would you agree ? Discussion welcome !

Present: 365 GTB/4, Scud
Past: 250 GTE, 250 PF (2), 275 GTBsn, 330 GTC, 456GT, 550, 360Stradale, 430Scuderia, F40, F50
212Export is offline  
Sponsored Links
Advertisement
 
post #2 of 17 Old 05-21-2014, 05:28 PM
Owner
 
champagne612's Avatar
 
Join Date: Sep 2010
Location: St Louis
Ferrari Life Posts: 10,022
Everything from the Enzo era is headed north - more limited and less nannies sky is the limit.

Collectors and drivers want raw rare racers - the more R's the more $'s.

Way back when - I posted the Dino market was just the beginning and got a bunch of tulip renditions.

Ferrari will pull everything and anything close right along.
champagne612 is offline  
post #3 of 17 Old 05-22-2014, 12:04 AM
Owner
 
iainuk's Avatar
 
Join Date: Nov 2008
Ferrari Life Posts: 655
I agree that prices are heading up. There is a lot of talk about a bubble but this seems to be more from people with little understanding of the market. There is a price correction going on at present for many models that had fallen too far in value. As the pre 70's era cars continue to rise in value at a significant rate they are pulling up the later normal production cars in their wake. It's amazing how models like the 308 and 328 are viewed on forums as being mass produced. The reality is that there are many examples out there in need of a lot of money spent on them to return them to a good standard after years of low values have taken their toll in terms of missed maintenance, poor body repaints/repairs etc. The Dino market was the same around 6 or 7 years ago but as values started to increase it became more viable to carry out restoration work. As soon as the quality of the cars being offered for sale started to improve this helped to drive prices upwards. First time entrants to the classic market are now more comfortable buying a fully restored car as they won't face any unexpected bills. The same will happen to the 308/512 BB etc in time.

I've just bought an F50 as I think it's my last chance to own one of the "special" cars before they reach silly prices. I stupidly turned down an opportunity to buy a 288 GTO at what was then a top of the market price around 20 months ago. They have since doubled in value and I doubt they will fall again due to rarity. The F50 is likely to be in a similar position.

Current: F50, 246 GT (x 2), 246 GTS
Past: 360M, F430 spider, 430 Scuderia,
California (x 2), 458 Italia (x 2), 458 spider, 246 GT
iainuk is offline  
 
post #4 of 17 Old 05-22-2014, 03:06 AM
Owner
 
Vitalone's Avatar
 
Join Date: Aug 2007
Location: Jersey
Ferrari Life Posts: 1,130
Congratulations on the F50! The most thrilling car I have ever driven!

Interesting perspective on cars having fallen too much after the 1990 crash/remaining undervalued for too long. My humble take on all this is that regardless of boom or bust, the car market is illogical giving great opportunities whether a buyer or a seller. I remember when I acquired my 911S 2.4 Targa in 2002, a friend paid the same money for a brand new Golf 1.6...Two years ago I acquired my 550 for little over half the going rate for a 911S 2.4. Thus as I paid the same for the S 2.4 as a new Golf 1.6, it stands to reason that I acquired the 550 for little over half the price of a new Golf 1.6. Of course this is the theory, not the reality. Completely illogical on the surface.

David

Current: 365BB, 550 bluebird and a few 911's
Past: 246gt, 512BB, 308 GTB "Michalone" and a few 911's
Vitalone is offline  
post #5 of 17 Old 05-22-2014, 03:23 AM
Owner
 
550_Maranello's Avatar
 
Join Date: Feb 2008
Location: Cesena - Italy
Ferrari Life Posts: 1,232
Hi all,
iainuk, Congratulations on the F50! Wonderful car !!!!
For the thread, I do not want the owners of Dino but I think that is a good Ferrari, a little bit rare, but distant for tecnological and prestige from the old big V12 or from the recently V12 two seats .... and consequentially, for my personal and humble thinking, the today are over priced.
BB and D are under priced for me, and 550 / 575 are too under priced ...
If the price of 246 will be like this in the next future, also D and BB will be increased ....
At the end, i'm agree this thread, there is a Crazy markets ...!
Probably, despite the crisis, there are too many money ..... and too speculation ...
But a question born spontaneously ... we are sure about that there is the crisis in EU?

Fabio

PRESENT: 575 F1 HGTC ROSSO CORSA 2004' - MB CLS 350 CGI 2007'
PAST: 550 ROSSO CORSA 1998' - MB CLK 240 2002'
550_Maranello is offline  
post #6 of 17 Old 05-22-2014, 04:12 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
Quote:
Originally Posted by iainuk View Post
I agree that prices are heading up. There is a lot of talk about a bubble but this seems to be more from people with little understanding of the market. There is a price correction going on at present for many models that had fallen too far in value. As the pre 70's era cars continue to rise in value at a significant rate they are pulling up the later normal production cars in their wake. It's amazing how models like the 308 and 328 are viewed on forums as being mass produced. The reality is that there are many examples out there in need of a lot of money spent on them to return them to a good standard after years of low values have taken their toll in terms of missed maintenance, poor body repaints/repairs etc. The Dino market was the same around 6 or 7 years ago but as values started to increase it became more viable to carry out restoration work. As soon as the quality of the cars being offered for sale started to improve this helped to drive prices upwards. First time entrants to the classic market are now more comfortable buying a fully restored car as they won't face any unexpected bills. The same will happen to the 308/512 BB etc in time.

I've just bought an F50 as I think it's my last chance to own one of the "special" cars before they reach silly prices. I stupidly turned down an opportunity to buy a 288 GTO at what was then a top of the market price around 20 months ago. They have since doubled in value and I doubt they will fall again due to rarity. The F50 is likely to be in a similar position.

Congratulations Iain !!!
How come do you bought an F 50 ? Always your dream (after the GTO opportunity passed away from you)?
Any specific info's about this/your F50 ? Pictures ? Miles ? Seat colour ? Have you all material together with the car ? Initial UK car delivered car ? Well done !!
212Export is offline  
post #7 of 17 Old 05-22-2014, 04:37 AM
Owner
 
iainuk's Avatar
 
Join Date: Nov 2008
Ferrari Life Posts: 655
My F50 is an original UK delivered car in red with matching red seat inserts. It has just been through Classiche and is being prep'ed by the workshop just now. I believe everything is present with the car with the exception of the original luggage set but that is available to order I've been reliably informed. The first owner of the car was Rod Stewart.

It wasn't a dream car of mine I have to confess though the looks have grown on me and I think the design is maturing nicely. I've bought it as it's the last of the specials I'm likely able to stretch to before prices head north in a serious way. I took the view it was now or never and didn't want to look back and think I wished I'd taken the chance to own one.

Current: F50, 246 GT (x 2), 246 GTS
Past: 360M, F430 spider, 430 Scuderia,
California (x 2), 458 Italia (x 2), 458 spider, 246 GT
iainuk is offline  
post #8 of 17 Old 05-22-2014, 04:43 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
Quote:
Originally Posted by iainuk View Post
My F50 is an original UK delivered car in red with matching red seat inserts. It has just been through Classiche and is being prep'ed by the workshop just now. I believe everything is present with the car with the exception of the original luggage set but that is available to order I've been reliably informed. The first owner of the car was Rod Stewart.

It wasn't a dream car of mine I have to confess though the looks have grown on me and I think the design is maturing nicely. I've bought it as it's the last of the specials I'm likely able to stretch to before prices head north in a serious way. I took the view it was now or never and didn't want to look back and think I wished I'd taken the chance to own one.
I see. How wonderful to have Rod Stewarts ex F50 ! Congrats again ! Please provide some pictures whenever possible.
May I ask again..whats the build/chassis number ? Miles ?
212Export is offline  
post #9 of 17 Old 05-22-2014, 04:47 AM
Owner
 
iainuk's Avatar
 
Join Date: Nov 2008
Ferrari Life Posts: 655
The chassis number is 106770 and it has done 9,900 miles.

Current: F50, 246 GT (x 2), 246 GTS
Past: 360M, F430 spider, 430 Scuderia,
California (x 2), 458 Italia (x 2), 458 spider, 246 GT
iainuk is offline  
post #10 of 17 Old 05-22-2014, 04:54 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
Quote:
Originally Posted by iainuk View Post
The chassis number is 106770 and it has done 9,900 miles.
A very late model, '97 then I guess. Very nice.
Have you received the books and Montezemolo letter with it ? (Hope I do not bore you with my questions, just help in mind)

Last edited by 212Export; 05-22-2014 at 06:32 AM.
212Export is offline  
post #11 of 17 Old 05-22-2014, 06:30 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
It seems this chassis# was offered by Joe Macari !?

Present: 365 GTB/4, Scud
Past: 250 GTE, 250 PF (2), 275 GTBsn, 330 GTC, 456GT, 550, 360Stradale, 430Scuderia, F40, F50
212Export is offline  
post #12 of 17 Old 05-22-2014, 07:13 AM
Owner
 
iainuk's Avatar
 
Join Date: Nov 2008
Ferrari Life Posts: 655
Yes I've bought it from Joe Macari. I don't know if the original letter is present with it though.
Attached Images
 

Current: F50, 246 GT (x 2), 246 GTS
Past: 360M, F430 spider, 430 Scuderia,
California (x 2), 458 Italia (x 2), 458 spider, 246 GT
iainuk is offline  
post #13 of 17 Old 05-22-2014, 09:01 AM
Owner
 
JazzyO's Avatar
 
Join Date: Feb 2007
Location: The Netherlands
Ferrari Life Posts: 6,397
Excellent Iain! Wonderful car, congratulations!


Onno



Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!

Future: 550 Maranello
Present: None
Past: 458 Italia, 550 Maranello,
365BB x 2,
330GTC
JazzyO is offline  
post #14 of 17 Old 05-22-2014, 09:24 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
Hope the fuel tank has been changed already ?

Present: 365 GTB/4, Scud
Past: 250 GTE, 250 PF (2), 275 GTBsn, 330 GTC, 456GT, 550, 360Stradale, 430Scuderia, F40, F50
212Export is offline  
post #15 of 17 Old 05-22-2014, 09:25 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
Quote:
Originally Posted by JazzyO View Post
Excellent Iain! Wonderful car, congratulations!


Onno
Hey Onno, having Internet Connection on the boat ? You seem to sail nearby the coast ? ;-)
Heard you and Harald have landed well in Jersey !

Present: 365 GTB/4, Scud
Past: 250 GTE, 250 PF (2), 275 GTBsn, 330 GTC, 456GT, 550, 360Stradale, 430Scuderia, F40, F50
212Export is offline  
post #16 of 17 Old 05-22-2014, 09:26 AM
Owner
 
iainuk's Avatar
 
Join Date: Nov 2008
Ferrari Life Posts: 655
Yes, the fuel tank has been changed on schedule. As I mentioned earlier Macari have put the car through the Classiche programme so it is in standard factory trim with an original exhaust. I will be having the tyres changed as well before delivery.

Current: F50, 246 GT (x 2), 246 GTS
Past: 360M, F430 spider, 430 Scuderia,
California (x 2), 458 Italia (x 2), 458 spider, 246 GT
iainuk is offline  
post #17 of 17 Old 05-22-2014, 11:05 AM Thread Starter
Owner
 
212Export's Avatar
 
Join Date: Oct 2007
Location: Europe
Ferrari Life Posts: 3,996
Quote:
Originally Posted by iainuk View Post
Yes, the fuel tank has been changed on schedule. As I mentioned earlier Macari have put the car through the Classiche programme so it is in standard factory trim with an original exhaust. I will be having the tyres changed as well before delivery.
Sounds like a perfect car !
"Grippy" tires are well advised on the F50. Can't wait to listen to your personal driving impressions. Have you driven in for long before buying? What did it felt like for you?

Present: 365 GTB/4, Scud
Past: 250 GTE, 250 PF (2), 275 GTBsn, 330 GTC, 456GT, 550, 360Stradale, 430Scuderia, F40, F50
212Export 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