Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550?

This is interesting....I noticed the ad-banner above on the screen which called out "sell your F-Car on Pcarmarket.

On Feb 28th the auction ended at RNM for the crazy low 2k mile car noted above with a high bid at $120k.

https://www.pcarmarket.com/auction/dealtank-2005-ferrari-575m-maranello/

Will be really interesting to see if/when that car clears the market.

 

Seems crazy doesn't it how varied the market can be. That 2k mile car didn't sell at $120k (twice). No doubt the car described above is "extremely optioned" and investor level miles so those cars its hard to put a number on them.....someone wants it and just steps up. For those buyers the acquisition price is often immaterial.

 

Beautiful 550 in Giallo Modena today on BaT. Very strong result.

SOLD $177,500 – 1997 550 with 10,028 miles

+) ZFFZR49A6V0108955 dealer sale out of the Houston area
+) Giallo Modena over nero
+) 18” speedline modulars carpeted shelf
+) color matched bra and mirror covers – car cover, tools,
+) I don’t think they ever answered if the red fob was included?
+) some documents and belt service 6/2017
+) looked like a real nice example, I had called on the car months ago and dealer never called back.
+) 108955
+) https://bringatrailer.com/listing/1997-ferrari-550-maranello-11/


Joe @Qksilver has mentioned his thoughts on low mile investment grade cars and it’s hard to argue when we have such amazing volatility in drivers mile car vs investment grade and somewhat of a rare (and in my opinion very desirable color).

 

Its really interesting how these "low mile" cars trade SO much stronger than drivers. This one was in the same parking lot (price wise) as our fellow F-chatter recently with a gorgeous and well optioned example AND luggage on his R/Corsa on tan.

https://bringatrailer.com/listing/2000-ferrari-550-maranello-14/

Yellow is rare and on this one today.... I guess again.... the market spoke. I think I recall the buyer was adding to a collection (F355 etc).

The bargain that driver mile 575's are at is staggering in comparison...... @SteveVT and @dhalperin13 are most definitely #winning!

 

Somebody needs to tell me why that isn't awesome.

American ingenuity should be economically rewarded.

Dan I'm really wanting your experience and "value" with EAG/GatedSix to go well.

 

Thanks for sharing that one. I have a search email set up at C&B but I didn't get one on this auction.

I guess that one was historically owned by @sf_hombre https://www.ferrarichat.com/forum/threads/575-technical-thread.245394/#post-138700481

 

Dan posted that one just a few lines up.

That’s a rare car. My wife laughed at me and told me to stop looking once I got the 550.

 

Im coming along to a lot of the ideas of @Qksilver in that “perfect mile” cars in the investment grade area (this one is dead in the sweet spot)....2005 with great options....how many with HGTC.,,.means it could go really strong. Might get lucky if the regular BaT crew doesn’t see it?

If this was at BaT it should set a 575 record?

For me it’s hard to put a number on it....gotta be well north of $125k? I am on my phone and haven’t looked close on computer yet.....

everyone seems to love Grigio titanio....

this would have been a great car to buy privately.

 

There are lots of nice "driver mile" 575's well optioned for under $90k....Steve @SteveVT (his is really low mile) and @dhalperin13 have proved its even possible to score a 575 deal on BaT.

I think Joe's @Qksilver commentary (rings true) that for investment grade miles and rare options the money is chasing that aggressively.

It will be fascinating to see how many eyes with deep pockets watch Cars&Bids to see where this ends up. If you could somehow buy this car for $90 that would seem amazing and I wouldn't have flinched if that price presents itself.

I thought I recalled Terry @tazandjan had mentioned his carbon brake set up was "plus $20k" so I'd take a real nice equivalent 575 add $20k+ for options and then see where that's at.....wouldn't surprise me if on BaT with all the deep pockets if it was well north of $125k....on C&Bids...maybe get lucky and it will be Reserve Not Met.......

Gonna be an exciting few days.