Joined
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3,996 Posts
Dear friends
Some weeks ago I started a thread "prices of mid tier Ferraris finally falling !"
So far, I could not have been more wrong with my assumptions!
Checking RM planned Maranello Auction offers
www.rmauctions.com
and glaring at they're indicated price estimates, my jaw (again) is falling.
You like a 365 GTB/4 Daytona: estimate Euro 340' - 408', would you prefer a F40: Euro 380' - 450 (the one for 290-350 must be bad..it's soooooo cheap), F 50: Euro 550' - 700' or a 275 GTB/4 Euro 1 Mio. or so.....! Should we move to the cars which normally pleases the classic crowd not very well i.e. a 250 PF coupé: Euro 200'. Please be reminded that all these estimates in addition will ask for the commission and traditionally on half of the lots for importation and VAT fee's.
Interestingly, several of the types of cars offered on the auction list are available here in Switzerland on the open market. This week, a F40 was sold for Euro 250, 4 weeks ago, a F50 was sold for Euro 300', Daytonas sell for Euro 220'. Either all the (high) estimates are paid at the auction which would translate to higher asking prices in the market here as well or vice versa. But since these lower prices are offered AND the cars are not sold yet...again what's wrong with my assumption? I guess I'm just to dumb. Like in '98 and '99 when I was not understanding the market in the dotcom shares and sold all those papers and stocks way, way, way to early (I did not had them either in '00 to '03.
What have I done wrongly in my assumption ? The discussion is open !
Some weeks ago I started a thread "prices of mid tier Ferraris finally falling !"
So far, I could not have been more wrong with my assumptions!
Checking RM planned Maranello Auction offers
www.rmauctions.com
and glaring at they're indicated price estimates, my jaw (again) is falling.
You like a 365 GTB/4 Daytona: estimate Euro 340' - 408', would you prefer a F40: Euro 380' - 450 (the one for 290-350 must be bad..it's soooooo cheap), F 50: Euro 550' - 700' or a 275 GTB/4 Euro 1 Mio. or so.....! Should we move to the cars which normally pleases the classic crowd not very well i.e. a 250 PF coupé: Euro 200'. Please be reminded that all these estimates in addition will ask for the commission and traditionally on half of the lots for importation and VAT fee's.
Interestingly, several of the types of cars offered on the auction list are available here in Switzerland on the open market. This week, a F40 was sold for Euro 250, 4 weeks ago, a F50 was sold for Euro 300', Daytonas sell for Euro 220'. Either all the (high) estimates are paid at the auction which would translate to higher asking prices in the market here as well or vice versa. But since these lower prices are offered AND the cars are not sold yet...again what's wrong with my assumption? I guess I'm just to dumb. Like in '98 and '99 when I was not understanding the market in the dotcom shares and sold all those papers and stocks way, way, way to early (I did not had them either in '00 to '03.
What have I done wrongly in my assumption ? The discussion is open !