Another F50 offered....for USD 1.295 Mio. !? - Ferrari Life
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post #1 of 23 Old 02-01-2013, 04:39 AM Thread Starter
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Another F50 offered....for USD 1.295 Mio. !?

This time an example with 3'200 miles, no special pedigree found so far.....

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the "price-world" seems somewhere....or better...money seems to lose its worth within weeks.

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post #2 of 23 Old 02-01-2013, 08:33 AM
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For me it has bubble written all over it. It is getting to be silly now.



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post #3 of 23 Old 02-01-2013, 08:45 AM Thread Starter
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For me it has bubble written all over it. It is getting to be silly now.
The wolfs seem to smell the meat...

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post #4 of 23 Old 02-01-2013, 10:21 AM
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Onno, I'm with you. When Dino's are surpassing Daytona's, something is out of whack.

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post #5 of 23 Old 02-01-2013, 11:15 AM
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the unabashed money printing (and cheapening) by central governments among the industrial nations, distorting the market and paper money finding places to go. No lessons to be learned from history, I suppose.

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post #6 of 23 Old 02-01-2013, 02:28 PM
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No lessons to be learned from history, I suppose.
You mean other than it repeats itself Jimmy?

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post #7 of 23 Old 02-01-2013, 02:37 PM
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And less than 40 miles away Ferrari of New England has another F50 for around the same money. Call me kooky, but for that much money I'm looking for a bit more exclusivity....
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post #8 of 23 Old 02-01-2013, 03:41 PM
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You mean other than it repeats itself Jimmy?
I suppose .... Even chimpanzee learns from mistake ! (I think ?).

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Last edited by Italian Lover; 02-01-2013 at 05:24 PM. Reason: spelling correction
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post #9 of 23 Old 02-01-2013, 05:23 PM
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F50 i think it is as exclusive as it gets. Not as expensive as it gets !

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post #10 of 23 Old 02-10-2013, 09:31 PM
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Recently I saw a very nice F50 for sale in a shop in Tokyo. The car seemed just perfect, but had no price tag, and I didn't ask for the price. Now last weekend I spoke with a friend of mine who told me they were actually asking 130 million Yens for it, which is close to 1.4 million dollars. I personally don't think it's a reasonable price to pay for an F50, but who am I to say anyway...
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post #11 of 23 Old 02-10-2013, 10:02 PM
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Originally Posted by Furanku View Post
Recently I saw a very nice F50 for sale in a shop in Tokyo. The car seemed just perfect, but had no price tag, and I didn't ask for the price. Now last weekend I spoke with a friend of mine who told me they were actually asking 130 million Yens for it, which is close to 1.4 million dollars. I personally don't think it's a reasonable price to pay for an F50, but who am I to say anyway...
Furanku, I think the market here in Japan is out of synch both ways. Even despite the cheapening of JPyen in recent days, it is still too high. Thus, when converted to US$ or Euro, it is still expensive.


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post #12 of 23 Old 02-10-2013, 11:51 PM
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Furanku, I think the market here in Japan is out of synch both ways. Even despite the cheapening of JPyen in recent days, it is still too high. Thus, when converted to US$ or Euro, it is still expensive.


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Yes Jimmy, you're right, but even if we forget about change and comparison with other countries, I still feel like 130 millions Yens is just crazy for this car. Or maybe the other ones I have seen for sale recently were just really bad...
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post #13 of 23 Old 02-11-2013, 03:18 AM
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With the Yen devaluating it is becoming less expensive thnigs in Japan including Ferraris i guess!

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post #14 of 23 Old 02-11-2013, 04:25 AM
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Congrats / Thanks to the F50 owners here!

How many threads are based on prices going up - count em on one hand vs endless depreciation.

Every Ferrari owner benefits when the market rises regardless of segment.

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post #15 of 23 Old 02-11-2013, 10:14 AM Thread Starter
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Yes Jimmy, you're right, but even if we forget about change and comparison with other countries, I still feel like 130 millions Yens is just crazy for this car. Or maybe the other ones I have seen for sale recently were just really bad...
When attending my first auction in '98, i wondered how anybody could possibly be so stupid to offer USD 600' for a Steel SWB. I remember laughing.....couple of years later I realized I better laugh about MY stupidity !

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post #16 of 23 Old 02-11-2013, 10:18 AM
 
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There are a few F50's for sale in Europe...
One in Switzerland for 500.000 euro's and 1 in Germany for 489.000 euro's...
Thats around 700.000 USD?
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post #17 of 23 Old 02-11-2013, 02:29 PM
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There are a few F50's for sale in Europe...
One in Switzerland for 500.000 euro's and 1 in Germany for 489.000 euro's...
Thats around 700.000 USD?
IMO , if they are in mint condition , that is a very good price!

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post #18 of 23 Old 02-11-2013, 11:17 PM Thread Starter
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There are a few F50's for sale in Europe...
One in Switzerland for 500.000 euro's and 1 in Germany for 489.000 euro's...
Thats around 700.000 USD?
One of these is more seriously investigated. But after all, its the market who speaks, which means something seems to be sub - perfect. Anyway, did my own research on some and the story repeats itself most of the time: Not runned for several years, parts missing, big delay since last service, non-conform (for Swiss based buyers) exhaust systems (originals often missing...very expensive) probably a little story too....etc., etc. After doing the homework and adding up all necessary cost implications (not to talk about waiting time and obtainability checks necessary), the "first look" interesting price structure becomes less and less attractive. Just my 0.02.

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post #19 of 23 Old 02-12-2013, 12:07 AM
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Until you actually start buying cars like these, you don't quite understand that what is for sale is not always what it seems. You also don't understand how it is quite a different process from buying a normal car.

When I bought my GTC I though the asking price was way too high. And then I started looking at other cars. It quickly materialised that the asking price was where it was because the seller knew the market.

Of course, there are always points of view and not every high price is justified. But usually, there is a reason for a certain asking price.


Onno



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post #20 of 23 Old 02-12-2013, 03:34 AM
 
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I'm sure you are right, but it is quite a big difference?
476.000k euros and 800k euros....
I get the point of more miles....

What is a full restoration cost?

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