Join Date: Jan 2013
Location: Saratoga Springs NY
Ferrari Life Posts: 1,004
the Scottsdale Auctions - is the party over?
Rick Carey's Ferrari Market Letter article, just in my email box, describes the very soft Ferrari sales results at the Scottsdale auctions. Worth a look. It reads to me as the first sign that buyers are stepping back and saying those estimates of the auctioneers are not rational. Many sales below the low estimates. It may not suggest an imminent collapse but the fat lady may be clearing her throat.
P.S. just checked the ads: not long ago there were NO 330GTC's offered as owners were thinking back the price surge that began with the 2012 Bonhams auction sale of my old 330/365GTC for $880K. that blew the top off the Ferrari market. In this new FML issue there are seven 330GTC's advertised by four sellers at between $695K and $895K. Five of the cars are offered by two sellers. Fantasy Junction is selling three. Bet one can make a quick deal for all three at a deep discount.
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; 02-28-2016 at 11:16 AM.