Last of the Ferraris: Lot #82 1972 Dino 246 GTS Chassis 03652 Est: $350,000 - $425,000 Sold: $325,000 +commission ($357,500 total)
This depends upon whether the auction companies' estimates are meant to include the final sales price, which includes commission, or are their estimates supposed to be the hammer price.
Dino's have pulled back a bit, I think it's because there's a flood of them and too many have now sold at auctions.
Dinos have indeed pulled a bit. The rest are around market/high market. GTC at 935, GTB4 at 3.3, Aperta at 1.150m. F40 apparently sold for more than 1.4m also. Then $71k for a 348TB is more than any market car atm.
In Bonhams didn't a F&C Dino sell for over $500K this week? The barn find green Dino looked in bad condition and didn't deserve the $400K+ range. I dont believe Dino prices are off.
The fact is the high bid on the green Dino at 330K before commission is higher than what people are advertising for nice cars.
The 1975 3.0 RS(there were none) had a BIG story, car was re-chassis and assumed the identity of an earlier car. Porsche prices have softened a bit with the exception of Turbo's which should slow down soon.
the f+c sold 561k including comm. I did not see it but I have a black f+c for sale with less miles and after that silver car sold I now have 3-4 serious buyers that want it because apparently the silver car was just ok and mine is spectacular. dinos in general are flat in price for a year or more similar to most high production cars 300l etc etc. f+c will always do a bit better than the general market because of the low productions numbers. I thought 561k for just an ok f+c example is exactly where it should be and right within the estimate (was 500-600)...decent f+c cars have been 525k-650k for a year and a half and don't see that market moving much either way just steady....
I think the market is starting to level off. The auction companies can keep trying to beat the drums by increasing their estimates but the market is speaking. The laws of supply are working nicely. When prices rose due to demand some supply came out of the closet as it provoked owners to sell their cars. With the rise in supply on the market it started to level off prices as it softens demand. Recently the only cars going up such as the 308's are due to the fact they are catching up to their relative value with respect to the other models. At this point the true collectors will enjoy their cars and keep purchasing what they like, the speculators will start to consider selling which may lead to a further softening of the market or hold on to their assets (as they would refer to them) and say a few Hail Mary's. Happy Motoring
Ah that makes sense on the RS. The run up in prices of very high production cars, eg Porsche and E-types has been for me the most inexplicable aspect of the recent spike in auto-collectible valuations. There were 75,000 E's built, and hundreds of thousands of 911s. Also interesting to see the trajectory of 300SLs which also seem to be leveling, finally. It's incredible how many come to market; I think total production was only ~1500 and yet there seem to be 2-3 at every auction.
I posted the following the other day on the "bubble burst" thread, but it's germane to the discussion here. "It will be interesting to see if the declaration of the "bubble bursting" isn't a reduction in prices, but a failure to meet ever higher estimated selling prices at auction. I see RM has a 330 2+2 with a $400K-$600K on auction this weekend. I can't imagine it coming close to the higher number, and it's been a rare car that has sold at even the low one..." The market for these cars HAS NOT SOFTENED; it's the estimates that are getting ahead of reality. A year ago a good 330 2+2 was $300K and now it's supposed to be $500K? Really?!
I bought it and am very pleased about the car and the price. The documentation with this car is incredible. After seeing the documentation and an MPI inspection I am convinced that Gooding's catalogue discreption is accurate.
This is a very good point. As a matter of consequence any softening from a peak can and might be taken as inferring some form of crash when indeed it is just pointing towards a modicum of greed. My main argument is that the major players in the industry are struggling to get consignments and the only way of securing them is to promise a major payday to an un-convinced seller. Hell I'd sell granny if they offered me enough, eh!
Does anyone know what the bare-metal Maserati 200si went for? It doesn't show up yet on the Gooding site. I think Lot 56. It shared the track w/ our car at Imola '55.
You mean the racer where sir Stirling Moss was present? (That car did not reach its estimate, I think the high bid (does not say anything) was 3.1 m usd.) Ciao Oscar
Not Sold @ High bid of US$4.7 mil, I understand none of the BIG lots at gooding sold except the 275 GTB/4.
Final report on all Ferrari lots (including buyer's premium): Lot #9 1970 Ferrari 365 GT 2+2 Chassis: 13069 Est: $250,000 - $325,000 SOLD $280,500 Lot #19 2005 Ferrari 575 Superamerica VIN: ZFFGT61A750142399 Est: $450,000 - $600,000 SOLD $440,000 Lot #21 1977 Ferrari 308 GTB Vetroresina Chassis: 19505 Est: $175,000 - $225,000 SOLD $192,500 Lot #27 1961 Ferrari 250 GT Series II Cabriolet Chassis: 2489GT Est: $2,000,000 - $2,500,000 SOLD $2,090,000 Lot #32 1974 Ferrari Dino 246 GTS Chassis: 08486 Est: $500,000 - $600,000 SOLD $561,000 Lot #44 1967 Ferrari 275 GTB/4 Chassis: 09489 Est: $3,400,000 - $3,800,000 SOLD $3,300,000 Lot #47 1999 Ferrari F355 Spider Serie Fiorano VIN: ZFFXR48A0X0116495 Est: $100,000 - $125,000 SOLD $198,000 Lot #50 1967 Ferrari 330 GTC Chassis: 10671 Est: $900,000 - $1,100,000 SOLD $935,000 Lot #54 1974 Ferrari 365 GT4 Berlinetta Boxer Chassis: 18001 $425,000 - $475,000 SOLD $401,500 Lot #57 1979 Ferrari 308 GTB Chassis: 25737 Est: $65,000 - $85,000 SOLD $74,800 Lot #62 1991 Ferrari F40 VIN: ZFFMN34A8M0088374 Est: $1,600,000 - $1,800,000 SOLD $1,622,500 Lot #67 1990 Ferrari 348 TB VIN: ZFFFA35AXK0082673 Est: $75,000 - $95,000 SOLD $71,500 Lot #72 1973 Ferrari Dino 246 GT Chassis: 04984 Est: $380,000 - $440,000 NOT SOLD Lot #74 2011 Ferrari 599 SA Aperta VIN: ZFF72RHA7B0182522 Est: $900,000 - $1,100,000 SOLD $1,155,000 Lot #82 1972 Ferrari Dino 246 GTS Chassis: 03652 Est: $350,000 - $425,000 SOLD $357,500
Congrats Fred, You purchased an amazing and incredibly well preserved and documented GTC. I inspected the car when the second to last owner (from CT) purchased the car (a dear friend of mine) and I have never seen a better original GTC. I was expecting this car to hammer near or at 7 figures. Very well bought.