RM London Sep 7 | Page 2 | FerrariChat

RM London Sep 7

Discussion in 'Vintage Ferrari Market' started by 85886, Sep 7, 2015.

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  1. cnpapa24

    cnpapa24 F1 Rookie

    Jan 19, 2014
    3,629
    NOLA
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    Chris
    Much appreciated.
     
  2. RED HEAD

    RED HEAD Karting
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    Nov 30, 2003
    212
    London
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    H

    Thanks very much Terra. Best, Henry
     
  3. 85886

    85886 Karting

    Feb 22, 2012
    134
    Thanks a lot
     
  4. Sandy Eggo

    Sandy Eggo F1 Rookie
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    Jun 4, 2009
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    Encinitas, CA
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    Rick
    Watched half of it online. Seemed to be no electricity in the air at all and lots of "no sales".
     
  5. cnpapa24

    cnpapa24 F1 Rookie

    Jan 19, 2014
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    Chris
    It is the UK :)
     
  6. Terra

    Terra F1 Rookie
    Rossa Subscribed

    Feb 16, 2004
    3,677
    I've attended several of the RM London sales at Battersea. Despite the venue being in the UK, I saw/felt palpable electricity and genuine high energy at many of those very sales.
     
  7. PAUL BABER

    PAUL BABER Formula 3

    Nov 1, 2006
    1,062
    London. UK.
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    Paul Baber
    We could have shared a bed...only joking .....Yes a very dismal auction. The lack of quality in the older Ferrari was apparent. The series 2 330GT was not far off being a parts car in my opinion. The 365 GTC didnt sell......sadly forget the high bid Late 300's GBP ?? In the 20 or so lots I saw auctioned there were a fair number of No sales.
     
  8. PAUL BABER

    PAUL BABER Formula 3

    Nov 1, 2006
    1,062
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    Paul Baber
    I think you mean Hot Air !!
     
  9. PAUL BABER

    PAUL BABER Formula 3

    Nov 1, 2006
    1,062
    London. UK.
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    Paul Baber
    Which in my opinion is the true value of a Lusso today. I dont know that car but it looked very straight and detail correct......Paint was average though. Maybe some of the UK dealers who are touting Lussos at GBP 1.9M plus may be adjusting their prices this morning.............
     
  10. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
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    Thanks Peter :).
     
  11. RED HEAD

    RED HEAD Karting
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    Nov 30, 2003
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    What is your opinion on the 330/365 GTC market Paul. There is huge disparity between pricing on these
     
  12. Struppi

    Struppi Rookie

    Apr 1, 2010
    29
    Germany
    Did anybody note what the highest bid for the roadster was?
     
  13. Azzurhyp

    Azzurhyp Karting
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    Aug 3, 2004
    59
    Did anyone stay long enough to see if the 365 GT 2+2 sold and if so, for what?

    And the Lancia B24S Convertible?

    thank you!
     
  14. PAUL BABER

    PAUL BABER Formula 3

    Nov 1, 2006
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    Paul Baber
    Its very difficult to be precise. I agree with you that prices are all over the place...... We have experienced such a strong market over the past few years that there are few good cars coming up for sale now.... I think the 365 GTC last night bid to its true value. I also think there is an artificial market created by certain dealers in many of these older Ferrari. The Lusso last night was a perfect example of this. It was a very nice car with a few paint blemishes but more importantly it was genuine. I see it sold for GBP 1.2 plus inc commissions which in my opinon is spot on. Compare that to some of the 'Shiny' offerings from certain dealers at GBP 1.9M and perhaps now they can see why their cars are not selling. If nothing else I think last night proved that this market has lost its craziness and is readjusting...Time will tell.
     
  15. RED HEAD

    RED HEAD Karting
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    Nov 30, 2003
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    Thanks Paul, that was my thought. Market has found its level for now - same as the central London property market this year! Best, Henry
     
  16. johnvwatts

    johnvwatts Formula Junior

    Jul 7, 2007
    522
    England
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    John v watts
    Thought Mangusta was £180k hammer.
     
  17. P.C.

    P.C. Rookie

    Aug 18, 2008
    2
    Does anyone know if the Bugatti EB 110SS sold? And if so for how much?
     
  18. Daytonafan

    Daytonafan F1 Rookie

    Oct 18, 2003
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    Matthew
    Sold £560,000 hammer price
     
  19. Super_Dave

    Super_Dave Formula Junior

    Oct 6, 2014
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    Dave
    Not a bad price, relatively speaking (not bad as in, decent value for buyer).

    I will put it to the car auction experts since I'm more an expert in the general markets, but does it feel like the hype is wearing down now? I've noticed the tone of posts on here have become a bit more subdued or seem to be looking at prices and saying "hmm, thought would be higher..." across the forum.
     
  20. Terra

    Terra F1 Rookie
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    Feb 16, 2004
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    It was a No Sale with a High Bid of £600,000.
     
  21. Terra

    Terra F1 Rookie
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    Feb 16, 2004
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    365 GT 2+2 sold for £125,000 hammer.

    B24S Convertible sold for £220,000 hammer.
     
  22. TTR

    TTR F1 Veteran
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    Mar 29, 2007
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    Timo
    Well Sir, I find this an interesting comment, especially since, just as an sideline observer, I have always (or at least for past 25+ years) been curious how these "market followers" actually confirm/verify these auction sales, including those "record breaking", for all being "real" ?
    I assume (hope?) they have better (long term?) follow-up methods than just relying on results provided by said companies or their "bed fellow"(?) media.
     
  23. Daytonafan

    Daytonafan F1 Rookie

    Oct 18, 2003
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    I thought it was a no sale?
     
  24. nis1973

    nis1973 Formula Junior

    Jan 19, 2013
    484
    NYC/CT
    No results yet on the RM site, right? Don't they normally update real time lot by lot?
     
  25. Terra

    Terra F1 Rookie
    Rossa Subscribed

    Feb 16, 2004
    3,677
    My mistake! Mangusta was indeed £180,000 hammer.
     

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