YouTube channel brought together an SF90 Stradale and a 765LT for a straight-up quarter-mile drag race to see which would be quickest.
Asking prices of classics seem to be going through the roof recently. Is this indicative of actual market values, or are people just taking the p*ss?
Just curious how close asking prices reflect the actual market because pretty much anything rare and collectible is going nuts at the moment. Watches, rare coins, antique furniture...
My observation is that Ferrari's are selling (I see that through new memberships of the FCA ) and that the popularity , and hence asking prices of certain models have increased since mid last year. There are probably number of factors behind this - (in no particular order), People are bored, can't go O/S so decide to treat themselves with a car / luxury good The Australian economy is doing quite well Real eastate prices have increased quite a bit, so people feel "wealthier" and happy to spend. E.G. Sydney house prices have increased enough in the past year that if you drew down the increased equity (to fund a 360/430 etc Ferrari) , your net home equity position would be about the same as it was at the beginning of 2020. So a free car ? Interest rates are at historic lows, so the opportunity cost of capital is very low. may s well buy a car instead of money in the bank. M
According to my Sydney based friend who's an accountant, it's actually quite common, his quote "you'd be surprised at how many people are funding their lifestyle by eating in to their home equity".
Strange how people see it that way... Eating into equity? As if you have somehow "made" money if your house goes up in value. Only when you liquidate do you make anything, and little good that does you if you have to buy another house to live in. Debt it debt whichever way you want to measure it - but hey whatever makes ya happy I suppose YOLO and all that!
The real reason is that KIAI sold his 575 so the market naturally had to rally up in price Sent from my iPhone using FerrariChat.com mobile app