F50 # 99999 to be auctioned - Ferrari Life
 
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post #1 of 10 Old 08-09-2013, 07:30 AM Thread Starter
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F50 # 99999 to be auctioned

Lately, there seems to be some awakened interest in the type. This time RM is auctioning chassis # 99999, the first and official Geneva 1995 showcar. With only 1'100 miles and some special status as the last 5 digit chassis numbered street ferrari, it seems to (artificially) create additional interest (I ask myself why, especially in respect to possible problems mechanically by a hardly used vehicle with 61 miles average drive distance per year). After all, the car has been "converted" from Euro to US "spec".
RM's estimate is 1.25 Mio. USD - 1.60 Mio. USD. Will be interseting to see if the looofty expactation is hit by a buyer.

1995 Ferrari F50 | Monterey 2013 | RM AUCTIONS

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 #2 of 10 Old 08-09-2013, 07:57 AM
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I don't see 1.25 as far out of the norm for a clean F50 not even taking into consideration that cars particular story but it's status as a converted Euro car is troubling.

I am also not an inhabitant of the camp that says buying an older low mile car is a disaster waiting to happen. For one thing, most F50's are very low mile cars. The problems encountered will likely not be terribly different for most. Few get driven much and for me and a great many other people we would rather deal with freshening up some mechanicals to get a car with very little cosmetic wear. That is a very agreeable trade off for me and the market, at least the market in the USA suggests that is a widely held view.

In my experience of having put a great many older, very low mile cars back in service the great majority of horror stories are related to the few acts of human intervention during their past life or poor attempts at making them road worthy once again. In other words a well treated car is a well treated car no matter the mileage.

Then all that presupposes the buyer has any intention of actually driving the car.

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post #3 of 10 Old 08-09-2013, 08:33 AM
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post #4 of 10 Old 08-09-2013, 09:11 AM Thread Starter
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Quote:
Originally Posted by Brian View Post
I don't see 1.25 as far out of the norm for a clean F50 not even taking into consideration that cars particular story but it's status as a converted Euro car is troubling.

I am also not an inhabitant of the camp that says buying an older low mile car is a disaster waiting to happen. For one thing, most F50's are very low mile cars. The problems encountered will likely not be terribly different for most. Few get driven much and for me and a great many other people we would rather deal with freshening up some mechanicals to get a car with very little cosmetic wear. That is a very agreeable trade off for me and the market, at least the market in the USA suggests that is a widely held view.

In my experience of having put a great many older, very low mile cars back in service the great majority of horror stories are related to the few acts of human intervention during their past life or poor attempts at making them road worthy once again. In other words a well treated car is a well treated car no matter the mileage.

Then all that presupposes the buyer has any intention of actually driving the car.
Interesting comment. Lots to consider within your words. Thanks!

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 #5 of 10 Old 08-09-2013, 09:18 AM
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I will also want to know what happens at the auction!

Current:F12, F40 , F50 , Enzo , Mclaren P1
Past: 348 spider ,F430, Dino 246 GTS
Waiting: Ghost 2016.
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post #6 of 10 Old 08-13-2013, 05:42 AM
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I think a chinese buyer would be very excited in buying the 99999 car, and for this reason would be willing to pay quite a big premium. Let's see.

"Engines are like women: you have to know how to touch them in the most sensitive parts."
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post #7 of 10 Old 08-13-2013, 08:55 AM
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Odd as I thought 8 was the Chinese lucky number?

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post #8 of 10 Old 08-13-2013, 10:52 PM
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Quote:
Originally Posted by Habsy View Post
Odd as I thought 8 was the Chinese lucky number?
Not only, they are lucky in a slighty different way.

"Engines are like women: you have to know how to touch them in the most sensitive parts."
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post #9 of 10 Old 08-18-2013, 11:44 AM Thread Starter
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And the Price is.............1.6775 Mio USD for a "conversion" F50 !
Brian, your assumption is in line with the market.

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 #10 of 10 Old 08-18-2013, 09:36 PM
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Wowwww!,,
To be honest i would have paid that price in the USA for that car if i did not own mine!
F50 have a bulls way ahead!

Current:F12, F40 , F50 , Enzo , Mclaren P1
Past: 348 spider ,F430, Dino 246 GTS
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