1998 550 up for auction; estimate $240K-$260K | FerrariChat

1998 550 up for auction; estimate $240K-$260K

Discussion in '456/550/575' started by Zedtt, Jul 31, 2016.

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  1. Zedtt

    Zedtt Formula Junior

    May 29, 2005
    379
    Southern California
    Full Name:
    Terry
    1998 Ferrari 550 Maranello | Gooding & Company

    Looks like an almost perfect 550 at the upcoming Gooding & Co auction. Estimate is $240k to $260k. Ultra-low mileage, great options, books, keys, etc and well curated. Should be interesting.
     
  2. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    Definitely a nice one. Love that $1000+ CF gearshift knob that went with the CF option.
     
  3. Zedtt

    Zedtt Formula Junior

    May 29, 2005
    379
    Southern California
    Full Name:
    Terry
    Yep, though before the auction they should fix the minor bubbling on the steering wheel airbag; it's minor and a one day job. Sole obvious flaw to my eye.
     
  4. bill59

    bill59 Karting

    Oct 26, 2010
    192
    bean town
    Full Name:
    bill h
    Is it too late to enter mine? Would make that one look like a one in a million:)
     
  5. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    18,874
    joe perella is the man and a god
     
  6. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    21,682
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    maybe if it came with a lunch with joe..... and profit sharing
     
  7. jznd

    jznd Formula Junior

    Oct 26, 2008
    373
    Hong Kong
    Ah! It's hard to tell from the photo, but I'm pretty sure I have the same CF gearshift knob. I thought it was an aftermarket one and was about to throw it out and replace it with a standard one (it's the only bit of CF in the car and I thought it looked out of place). Had no idea it was a factory option and that expensive. Glad I didn't throw it out.
     
  8. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    The gearshift was not a separate option, but came as part of the CF trim package for the 550 and 3 pedal 575Ms. Definitely worth keeping. Very pretty. Missed a 599 one in FerrariAds above. Owner did not like it and bought an aluminum one. $200. Would have put it in my printer's box.
     
  9. 2000 456M

    2000 456M F1 World Champ

    Sep 29, 2007
    12,600
    Portland, OR
    Full Name:
    Allan
    +1. First thing that jumped out at me. Trouble is, little stuff that should have obviously been attended to but wasn't, raises questions in the imagination about other less noticeable stuff in buyers' minds. It may not be fair, but that's how psychology works.
     
  10. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    Allan- Many owners do not know that is a relatively simple fix and think she needs a new steering wheel or other very expensive recovering. So it slides.

    But you are correct. What else lurks in the bowels of the beast?
     
  11. RJR89

    RJR89 Formula Junior

    May 14, 2006
    808
  12. 2000 456M

    2000 456M F1 World Champ

    Sep 29, 2007
    12,600
    Portland, OR
    Full Name:
    Allan
    To me, how you experience the car is from the cockpit and it would drive me nuts and take away from the joy of driving to constantly look at bubbles on the hub. In fact, I just bought a cuoio steering wheel on eBay in perfect shape to replace my existing one because the leather on the rim was worn. But I've got 64,000 miles on mine, 41,000 I put on myself in 9 years. These cars meant to be driven.
     
  13. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    #13 tazandjan, Aug 1, 2016
    Last edited by a moderator: Sep 7, 2017
  14. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    21,682
    Atlanta
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    Juan Sánchez Villa-L
    terry has the best mods hands down
     
  15. 2000 456M

    2000 456M F1 World Champ

    Sep 29, 2007
    12,600
    Portland, OR
    Full Name:
    Allan
    Neat!! My wheel was only $400 with free shipping, so in figuring the money/time researching, etc. equation, the straight purchase seemed the way to go.
     
  16. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    #16 tazandjan, Aug 2, 2016
    Last edited by a moderator: Sep 7, 2017
    Allan- Great buy for a usable wheel. Mine was $250 and definitely unusable as it sat. Leather shot and spokes scratched. Bought an earlier unusable CF wheel, too, but sold it for the same price I paid for it. Did not like the way the factory did the stitching on that wheel. Only had red on the bottom leather piece. I like how MAcarbon did this one much better.
    Image Unavailable, Please Login
     
  17. 2000 456M

    2000 456M F1 World Champ

    Sep 29, 2007
    12,600
    Portland, OR
    Full Name:
    Allan

    Originally $595. They accepted my offer

    Ferrari 456 M Steering Wheel 174545 | eBay
     
  18. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    Allan- Worked for me on my black airbag, too. Had sat there a long time.
     
  19. WJGESQ

    WJGESQ Formula 3

    Dec 30, 2004
    1,477
    Wow that's a lot of money for a 550?
     
  20. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    Only 5800 miles and she is unusually fitted with all kinds of options not normally seen on early Maranellos. But that is a lot of money.
     
  21. 166&456

    166&456 Formula 3

    Jul 13, 2010
    1,723
    Amsterdam
    Quite the price indeed. The best, if that what this is, usually comes with a premium. Not necessarily the other way round. ;)
    I noticed that new steering wheels are not that expensive from sources like Eurospares. At least not as expensive as I imagined they would be.
    Nice cockpit, Taz!
     
  22. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,058
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    166- Thanks, slowly but surely getting her the way I want her.
     
  23. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,254
    Eastdown
    Full Name:
    Darius
    160k USD (as it now says on the link) is a very fair price for such a beautifully specced low miles 550. Suspect that will feel like a bargain by the time the 20th anniversary of these cars' launch comes around. There's another thread referring to a much, much higher miles 550 in the UK asking much more than that. (UK RHD may carry some premium but that's balanced out by the post Brexit exchange rate.)

    Anyway whoever bought this Nero 550 did very well I think.
     
  24. Renman57

    Renman57 Formula Junior
    Silver Subscribed

    Feb 26, 2014
    428
    North Carolina
    Full Name:
    Reynolds
    Did the $159,900 include the buyers premium??????
     
  25. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    969
    Devon
    The listing said 'no reserve' which may have caused some tightening of the sphincter, but the end result was a sale at $280,500 incl. commission.

    I believe that this must be a record price for a public sale on a 550 Maranello in this era.

    1998 Ferrari 550 Maranello | Gooding & Company
     

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