Ferrari F40 Values - past and present - Ferrari Life
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post #1 of 25 Old 12-11-2012, 12:39 AM Thread Starter
 
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Ferrari F40 Values - past and present


Ferrari F40 Values - Past and Present

Does anyone know whether a record of changing F40 valuesexists, from launch to now?

I would be interested to know how values rocketed in thelate 80s, fell and have risen again.

Any guidance much appreciated.
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post #2 of 25 Old 12-11-2012, 02:04 AM
 
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The MSRP was $425K and now they go for $500-650K. The only time the prices really went up and then came back down was the Japanese boom in the 90's. Since then they just keep their value. The price of a F40 in 1992 is about the same as it costs to buy it today when inflation is taken into consideration. The prices are going up however.

I think you are going to have some trouble tracking down that kind of info. Maybe Boxer has kept a detailed record for personal use over the years?

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Last edited by Autoholic; 12-11-2012 at 02:26 AM.
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post #3 of 25 Old 12-11-2012, 02:41 AM
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I think the story is more complicated than that, Joe.

F40's were trading (2nd hand) at well over $1 million (IIRC) when they were first launched. It was the reason that Ferrari lifted the originally limited number of cars to be built (300?), and built 1300 of them.

F40's have also not kept their value all the time. They have gone down during the financial crisis, at least in the UK. In 2008/2009 you could buy an F40 in the UK for GBP200k, around 1/3 lower than a couple of years before that. In 2006 they were more expensive, and since then they have doubled in price. I still kick myself for not buying one in 2009.

So in my head (but I think there are gaps in my knowledge too) we had:

1. Two prices in the beginning: factory price and skyrocket second-hand price
2. Settling of the market due to more cars being made. Slow rise to 1991.
3. Crash of Ferrari prices world wide in 1992
4. Slow rise to circa 2001, then accellerating rate to 2008
5. Drop in 2008/2009
6. Rapid increase from 2009, particularly during 2011/2012.

Of course there is also a difference between good cars and not so good cars. In dips there is much less of a difference between them, in markets such as now there is a massive gap.

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post #4 of 25 Old 12-11-2012, 07:13 AM
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Originally Posted by JazzyO View Post
I think the story is more complicated than that, Joe.

F40's were trading (2nd hand) at well over $1 million (IIRC) when they were first launched. It was the reason that Ferrari lifted the originally limited number of cars to be built (300?), and built 1300 of them.

F40's have also not kept their value all the time. They have gone down during the financial crisis, at least in the UK. In 2008/2009 you could buy an F40 in the UK for GBP200k, around 1/3 lower than a couple of years before that. In 2006 they were more expensive, and since then they have doubled in price. I still kick myself for not buying one in 2009.

So in my head (but I think there are gaps in my knowledge too) we had:

1. Two prices in the beginning: factory price and skyrocket second-hand price
2. Settling of the market due to more cars being made. Slow rise to 1991.
3. Crash of Ferrari prices world wide in 1992
4. Slow rise to circa 2001, then accellerating rate to 2008
5. Drop in 2008/2009
6. Rapid increase from 2009, particularly during 2011/2012.

Of course there is also a difference between good cars and not so good cars. In dips there is much less of a difference between them, in markets such as now there is a massive gap.

Onno
Spot On!

The F40 is not going to move much in the future - the flippers are long gone and there is nothing to replace one with to send a surge in sales.

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post #5 of 25 Old 12-11-2012, 07:59 AM
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Spot On!

The F40 is not going to move much in the future - the flippers are long gone and there is nothing to replace one with to send a surge in sales.
What will move in the future according to you (if anything at all)?

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post #6 of 25 Old 12-11-2012, 08:49 AM
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I think there will always be flippers, the latest generation is just getting started (and focused on 246s at the moment).

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post #7 of 25 Old 12-11-2012, 12:01 PM
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Ferrari Market Letter has all that data.

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post #8 of 25 Old 12-12-2012, 08:42 AM
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Ferrari Market Letter has all that data.
Pricing in Europe though has been very different to the US as there are far more F40s over here. This might change now that the early ones are 25 years old and can be imported into the US with minimal issues now (just 2.5% duty).

I believe the low in the UK was 170k circa 2005 (and 288 GTOs were even less expensive)
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post #9 of 25 Old 12-12-2012, 10:07 PM
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What will move in the future according to you (if anything at all)?
I think you saw it with the GTO and Dino.

Once the Ferrari you saw at 20 - 30 is affordable at 45 - 65 it's a gotta have.

The more limited the higher the value - drop tops and targa's even more so.

The one that still shocks me is the Carrera GT - the rare Porsches have gone crazy in price.

A friend says owning the CGT is a science project which may scare some away.

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post #10 of 25 Old 12-12-2012, 10:17 PM
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Pricing in Europe though has been very different to the US as there are far more F40s over here. This might change now that the early ones are 25 years old and can be imported into the US with minimal issues now (just 2.5% duty).

I believe the low in the UK was 170k circa 2005 (and 288 GTOs were even less expensive)
The US is tough and slow to react - not many real shops can handle these cars which is another downfall.

Republicans want to act like the sky is falling after the election loss.

Anyway

If Ferrari would step up with service centers and more distribution the prices would sly rocket.

My guess is less tax sensitive countries will emerge as a whole new group of owners.

Reminds me of GE stock at 8 bucks ... it's the mindset vs the $

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post #11 of 25 Old 12-12-2012, 10:31 PM
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I think there will always be flippers, the latest generation is just getting started (and focused on 246s at the moment).
Should have read this first.

IMO - the good older ones are staying put ... due to the agony.

The ones with small stories etc will always be below market and flipped.

How many times do you see guys posting price price price and then wondering why their PPI went to hell.

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post #12 of 25 Old 12-12-2012, 11:05 PM
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I recall being in one the day after it was bought in about 1998/99 for 120k. Maybe it was one of the less desirable ones but I seem to recall it was about market value at the time - 120-140k.
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post #13 of 25 Old 12-13-2012, 12:48 AM
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IMO - the good older ones are staying put ... due to the agony.
Not so sure. People are getting older. I think a lot more are getting released in recent years. One quite often sees an F40 for sale with "only two owners, first to 200x".


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post #14 of 25 Old 12-13-2012, 04:20 AM
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Not so sure. People are getting older. I think a lot more are getting released in recent years. One quite often sees an F40 for sale with "only two owners, first to 200x".


Onno
In the US Dupont Registry one F40 at 600k.

A friend traded his 599 GTO and added cash for his F40 - guessing a similar number and both are solid 8 cars.

Same with the F50 and Enzo - a few here or there in the US.

The people I know who own a super car aren't sellers and the car is most likely in a trust.

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post #15 of 25 Old 12-13-2012, 09:58 AM
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Well, the story certainly isn't like that in Europe. Quite a few for sale, and very good cars as well as lesser ones. Just ask Pablo! I'm still waiting for my commission, Pablo...


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post #16 of 25 Old 12-14-2012, 01:31 AM
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Well, the story certainly isn't like that in Europe. Quite a few for sale, and very good cars as well as lesser ones. Just ask Pablo! I'm still waiting for my commission, Pablo...


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post #17 of 25 Old 12-14-2012, 01:52 AM
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Well, the story certainly isn't like that in Europe. Quite a few for sale, and very good cars as well as lesser ones. Just ask Pablo! I'm still waiting for my commission, Pablo...


Onno
So is Pablo's F40 that F40 you once drove and in the aftermath you linked it to Pablo ?

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post #18 of 25 Old 12-14-2012, 02:43 AM
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So is Pablo's F40 that F40 you once drove and in the aftermath you linked it to Pablo ?
That is correct. The car was taken off the market at the end of last year but I was aware that the owner still wanted to sell it - he was just a bit annoyed with the process and was waiting for the market to improve. So I let Pablo know that if he was serious, something might be possible and put him in contact with my specialist. This is the best way to buy a car - when people are not even aware it is available. I bought my GTC like that as well.


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post #19 of 25 Old 12-14-2012, 05:13 AM
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That is correct. The car was taken off the market at the end of last year but I was aware that the owner still wanted to sell it - he was just a bit annoyed with the process and was waiting for the market to improve. So I let Pablo know that if he was serious, something might be possible and put him in contact with my specialist. This is the best way to buy a car - when people are not even aware it is available. I bought my GTC like that as well.


Onno
Sounds perfect !

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post #20 of 25 Old 12-14-2012, 05:23 AM
 
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Quote:
Originally Posted by JazzyO View Post
That is correct. The car was taken off the market at the end of last year but I was aware that the owner still wanted to sell it - he was just a bit annoyed with the process and was waiting for the market to improve. So I let Pablo know that if he was serious, something might be possible and put him in contact with my specialist. This is the best way to buy a car - when people are not even aware it is available. I bought my GTC like that as well.


Onno
Is your specialist Forza motorsport?
I now they had 2 F40's stored and both not on the ''internetmarket''
Now they have one left i believe.....
There was another one for sale a few months ago but that one was part of a big accident a few years ago, its sold true Christy's Auction house to Germany... Christy's sold it for 420k but the company who sold it to Christy's asked just 350k for it.....
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