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

Del, correct on all counts.
I will say a close friend sold a car semi recently on BaT and I was surprised they didn’t actually beat him up on the reserve but in fact it was high as he lowered it 30 minutes prior to the end and I was surprised where the car hammered (reasonable but on the buyers side of a deal).

that ultra low mile (2k) red 575 was RNM on BaT at a price that was high and surprised me at how high...and then didn’t pull the same number on the p-car auction site (RNM) that was advertised in a banner ad here for their auctions of non-porsche stuff.

I personally was not buying without a PPI.

Richel is an example of a guy that recently got a great 550 privately and did very well IMO @rhern213 he also did very well with what sounds like a strong maintenance history....on a very desirable TdF car.

 

I thought Hagerty got it’s numbers from members but $65 on the low end I agree would be $h*tboxes or salvage title cars on the low end unless they are taking DMV info somehow and an average 575 trades at $80k and people tell the dmv 65 to save on taxes?

 

Sorry let me clarify at least on my buddies experience. BaT didn't flinch and allowed him to name his reserve.....(I didn't ask and he didn't tell -- I suppose I could have asked him).....and then as the auction evolved he personally was concerned the car would be RNM so he himself took the initiative to lift reserve and then the car did sell at what felt like a reasonable price if not slightly lower than I thought he might have sold it at. (porsche)

I know one of the Ferrari's semi recently on BaT had a negotiation process on setting the reserve and the seller did accept the lowish reserve BaT required and then the auction went strongly past that BaT required reserve number. Went to what I thought was a reasonable if not high number and the seller thought it still would have run up higher in a traditional auction.

My wife is sick of my diesel custom coach "big Bronco" sitting around not being used so if I sell it on BaT I'll share how things play out with that potential experience. It's at the mechanic and needs some detailing before I reach out to them.

 

Correct, not only does a seller have to agree to the negotiated reserve BaT asks for (they want a very high sell through rate) if you have a car they are already selling too many of or they just don't like your car they can literally say no. I've also had someone very close to me have their request for sale denied regardless of reserve (that was maybe 18 months ago).

 

Cars and Bids today had that 2005 Grigio Titanio we have been commenting on with HGTC and very low miles.

I didn't know where this one would go given the rarity and last model year....thought north of $125.....

I would guess the buyer could put another 6k or 7k and not lose any value? it's in a delightful sweet spot mileage wise.

SOLD $130,888 – 2005 575 F1 with 12,347 miles

+) ZFFBV55AX50140946 out of the Santa Barbara area
+) Grigio Titanio over bordeaux
+) HGTC, 19” modulars, daytonas, leather shelf
+) red and black fobs
+) December 2020 service incl timing belt, some stickies handled, motor mounts replaced, new intake manifold gaskets and hoses installed, battery replaced
+) 140946
+) https://carsandbids.com/auctions/rN0Xo5kX/2005-ferrari-575m-maranello

DISCLOSURE -- guys, my life is getting much busier lately and I'm going to try and stay on top of at least the BaT and C&B Maranello sales (I find this interesting) but they might not all be as briskly posted as historically.

Grateful here for all the fun conversations. -- thx -- E

 

@Mellow_Maranello
Where are you located (SoCal)? GTO Engineering has done one conversion (the red one #129439). No clue if they would do another.

There are quite a few people on here that feel very strongly/positively about the quality of work that deGroot does. I thought he was doing "OEM" conversions so the wait might be quite long?

EAG making parts and assembling kits for local techs to install has to be the quickest way to get a conversion done.....seems like they are very set up on 430 and maybe even 599 kits, not sure how ramped up the 575 process is yet.....very interested in hearing from @dhalperin13 on his "new owner" thread as his process continues with them.

Will look forward to your upcoming "new owner" thread as a way to track your progress on the F1-6MT conversion. We are all going to learn a lot as more of these get done.

Excited for you to be on the forum and congrats on the excellent car!

 

I had a draft of my BaT review for this one already keyed up ;-) and ready!

Its such a wildcard.

The unknown maintenance without PPI was an issue when I chased this one (in addition to the other issues -- no doc's, higher mileage, etc etc). I'm not wealthy so I didn't have the stomach for the potential "unknowns".

With BaT anything is possible. There could be some "heavies" that come in at the end. Trying to find another nero/nero with those options is not easy.....

 

Taz, I'm just a dumb iowa farmboy at heart so I don't know if you are serious (I agree that's unfortunate on the tires not matching) or if you making a joke. ;-)

The fact that the car had an overfill issue and then they just never addressed the massively overdue belts just seems bizarre to me?