A few more asking prices from the "golden years" | Page 5 | FerrariChat

A few more asking prices from the "golden years"

Discussion in 'Vintage Ferrari Market' started by bannishg, Sep 9, 2012.

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Page 5 of 13
  1. Vintage V12

    Vintage V12 Formula 3

    Aug 11, 2004
    1,444
    #101 Vintage V12, Apr 17, 2013
    Thank you for taking the time to post these.
     
  2. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #102 bannishg, Apr 17, 2013
    Last edited by a moderator: Sep 7, 2017
    No problem, I love sharing these as well! Keep in mind that the Royale being advertised was by Briggs Cunningham himself.

    About 10 months prior to posting the ad, he paid around 2.3 million francs (when $1 = 350ff), so about $6,500 total (which included the cars themselves, shipping, restoration, and two refrigerators per the deal). Cunningham made quite a profit.

    Due mostly to the devaluing of most European currencies during the later end as well as just after the war, importers and collectors flocked to the UK and France throughout the 40s and 50s to pick up new and collector cars alike for about 35-40% less on average what they would bring in the states.

    Yes, houses were commonly under $10k in most areas in the early '50s, but their relative cost was much lower than today as well. Plus interest rates were pretty low as well, especially if you were a strapping young G.I. People commonly made cash down payments that amounted to around 20% of the total cost. How often do you hear of people today paying $40k up front on a 200k mortgage today?

    I know, it takes a lot of effort to process the notion that in the September of 1958, somewhere in Long Island, someone took it upon themselves to sell their 20-year-old 2900B through offering it for $1500 in the Times. If he really needed to get rid of the car you could have offered him $1000 cash on the spot and drove home in it.

    The most common reason for disposing of an old race car during those days, per most of the ads: "wife says it's either her or the car". Some things never change...
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  3. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #103 bannishg, Apr 18, 2013
    Last edited by a moderator: Sep 7, 2017
    A few more to look over, all worth comparing to current listings on finecars.cc.....
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  4. margarita

    margarita Formula 3

    Mar 20, 2011
    1,617
    usa
    #104 margarita, Apr 18, 2013
    cuestion? is the time machine ready yet? OMG
     
  5. Ed Niles

    Ed Niles Formula 3
    Honorary

    Sep 7, 2004
    2,493
    West Hills, CA
    Full Name:
    Edwin K. Niles
    #105 Ed Niles, Apr 18, 2013
    I keep seeing the phone no. 385-5121 crop up. Oh yeah, it was my office.
     
  6. Jeff Kennedy

    Jeff Kennedy F1 Veteran
    Owner Silver Subscribed

    Oct 16, 2007
    6,579
    Edwardsville, IL
    Full Name:
    Jeff Kennedy
    #106 Jeff Kennedy, Apr 18, 2013
    It would be fun to have you and Dick Merritt together at the FCA's 50th this summer just watch each of you identify old Ferraris that each had at one point (sometimes multiple points).

    Jeff
     
  7. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #107 bannishg, Apr 18, 2013
    Last edited by a moderator: Sep 7, 2017
    One of my favorite big ads. This is from DuPont Registry, September 1987. Mind the asking price, because 8 short months later a high bid of $2.2mil would not be enough to take the car home from the Sportscar Auction, Geneva.

    (dang, forgot about the 800 pixel limit)...
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  8. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #108 bannishg, Apr 18, 2013
    Last edited by a moderator: Sep 7, 2017
  9. Ed Niles

    Ed Niles Formula 3
    Honorary

    Sep 7, 2004
    2,493
    West Hills, CA
    Full Name:
    Edwin K. Niles
    #109 Ed Niles, Apr 19, 2013
    Where and when? Will Dick be there? Hard for me to get away as my wife needs caregiver, but who knows? (The Shadow knows!)
     
  10. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #110 bannishg, Apr 19, 2013
    Last edited by a moderator: Sep 7, 2017
    I'm thinking about asking an admin to change the thread's name to "The Vintage Ad Megadump".
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  11. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #111 bannishg, Apr 20, 2013
    Even in the early 70s 9k was a lot of money, especially for a car. In 1970 a brand new fully equipped 911T was $8500, and the base model I believe was just under $7k.

    These were the most valuable collector cars in 1970:

    Duesenberg J/SJ @ $25,000 - $60,000
    Doble Steam Car @ $50,000
    Mercedes SSK @ $30,000
    Bugatti T51 @ $25,000
    Alfa 2900B @ $20,000
    Mercer Raceabout @ $30,000
    Stutz Bearcat @ $25,000
    RR Silver Ghosts Pre-1912 @ $20,000 - $50,000
    Certain V-16 Cadillacs @ up to $50,000
    Lozier @ up to $40,000

    There were no known exchanges of Bugatti Royales between 1964 (@ $40k-45k) and 1986 (@ 6.5 MIL!!!). If one were offered in 1970 it very well could have been for around $150k.

    Though just about any classic competition Ferrari could be bought for under $10k, a really exceptional 100-point 166MM/250/340/375 or 250TR could run $12k, $15k or even up to $17k. Solid drivers and even nice unrestored pieces obviously were much much less and never were in 5 figure territory.

    It always makes me laugh when I consider that in the mid 60s it was more desirable to own a classic Ferrari with a Chevy or Buick engine fitted rather than one with its original. Cheap and easier maintenance was more preferable to keeping it stock. Even a few 250TR's were victims of this practice.
     
  12. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #112 bannishg, Apr 22, 2013
    Last edited by a moderator: Sep 7, 2017
  13. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #113 bannishg, Apr 27, 2013
    Last edited by a moderator: Sep 7, 2017
    I was planning on taking a longer hiatus on posting more of these ads since I thought I had overdone it, but have recently been asked to post more. I thought it would be appropriate to post ads relevant to the latest auction.

    Do these ads make the auction results look outrageous, or do the auction results make these ads look outrageous? I'll leave that to the philosophers.....
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  14. KenGoldman

    KenGoldman Formula Junior
    Owner Rossa Subscribed

    May 25, 2009
    588
    MASS., USA
    Full Name:
    Kenneth Goldman
    #114 KenGoldman, Apr 28, 2013
    Great, great info.

    Fun !!

    Thanks so much


    Kern Goldman
     
  15. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #115 bannishg, Apr 28, 2013
    Last edited by a moderator: Sep 7, 2017
    Glad to hear!

    I didn't even exist when most of these ads were published, so I never had the option of taking advantage of these opportunities, and am immune to the pains of regret. If I were the age I am now 40-something years ago my greatest concern would have been the draft. Many of these cars being put on the market at such low prices were actually the result of the owner being dragged into SE Asia.

    Some more:
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  16. thecheddar

    thecheddar Formula 3

    Jun 29, 2006
    1,057
    Santa Monica
    Full Name:
    Cheddar, The
    #116 thecheddar, Apr 28, 2013
    Or "the thread to open when you're feeling too darn good and need a downer"! ;)

    I kid. But these reminders that mortal means and classic sports machines no longer mix are both fascinating and depressing!
     
  17. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #117 bannishg, Apr 28, 2013
    Last edited by a moderator: Sep 7, 2017
    ... Well I suppose I should add a legal disclaimer stating I'm not liable for any suicides resulting from these posts. A little late for that, because if these ads were proven to lead to suicides, I'd be up there with Kevorkian...... :p

    And watch me incriminate myself even further with another post:
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  18. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #118 bannishg, Apr 29, 2013
    Last edited by a moderator: Sep 7, 2017
    Couple notes:

    The SWB Berl. With the Chevy power is #2269gt

    And the Buick Powered car advertised in 72 is not from 55. This is believed to be 1951 340 #0142A. Most sources however say it had a Ford engine, not a Buick.

    Also the 250SWB in the 11/85 HMN ad was part of a Gary Drenik (Sp?) offering.
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  19. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #119 bannishg, Apr 30, 2013
    Last edited by a moderator: Sep 7, 2017
    Or the "Special Ed" for short! ;)

    I can't seem to find my favorite:

    In one of the FCA bulletins from 1977 he was offering 166MM #0012 (still had the Scaglietti body at the time), and stated that the car was "more fun than an evening with Farrah Fawcett-Majors!!!" (love it, Ed!!!) Wish I could find it, it's somewhere in my archive.... Ed, with your appeals to celebrities, would you mention Justin Bieber in ads if you were still selling today?

    Almost as good as the "F.A.R.T." decals and apparel regularly advertised by Ralph Stefano in the early days of the FML. And don't you dare tell me that it was unintentional or a coincidence! It would have been the "Ferrari Racing Team of Alaska" (F.R.T.A.) if he didn't want to be naughty!

    BTW I think the LM was sold to Sonny Bono.
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  20. Jeff Kennedy

    Jeff Kennedy F1 Veteran
    Owner Silver Subscribed

    Oct 16, 2007
    6,579
    Edwardsville, IL
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    Jeff Kennedy
    #120 Jeff Kennedy, Apr 30, 2013
    Did the drive to the Mark Dees picnic with Ed in 0012 one time. Fun, loud and antiquated. Ed said the brakes were so bad that it would be more effective if the doors were used as air brakes.

    In 1979 Bob Smith drove the car from Texas to the FCA Annual Meet in Elkhart Lake.

    Jeff
     
  21. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #121 bannishg, Apr 30, 2013
    Was Ed right when he said it would be more fun than an evening with Farrah?
     
  22. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #122 bannishg, May 2, 2013
    Last edited by a moderator: Sep 7, 2017
  23. Jeff Kennedy

    Jeff Kennedy F1 Veteran
    Owner Silver Subscribed

    Oct 16, 2007
    6,579
    Edwardsville, IL
    Full Name:
    Jeff Kennedy
    #123 Jeff Kennedy, May 2, 2013
    Can't say as I never drove it. When I saw Bo Smith arrive in Fond du Lac with the car in 1979 and realized he had made the drive from Texas, through rain storms and the gas crisis of the day I realized that he was certifiably insane but definitely a true Tifosi.

    Jeff
     
  24. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #124 bannishg, May 2, 2013
    Oh, I guess the way I interpreted your account there led me to think you were Ed's passenger...

    That was a rather bold action by Bob. Shelby once said of his cobras that they shouldn't be pampered but "raced until you've run them into the ground". Did Enzo share his sentiment with regards to his Ferraris?
     
  25. Ed Niles

    Ed Niles Formula 3
    Honorary

    Sep 7, 2004
    2,493
    West Hills, CA
    Full Name:
    Edwin K. Niles
    #125 Ed Niles, May 3, 2013
    Last edited by a moderator: Sep 7, 2017
    Since Jeff has raised the question, I'll take us on a short side trip. When I had 0012, it had a lovely Scaglietti rebody, a Lusso engine and trans, and a locked, Q.C. rear-end. Going around a bend slowly resulted in chirp, chirp, chirp, Going around a bend rapidly resulted in "dirt-tracking". So yes, with all that power in a very light car, and the locked r.e. and very skinny hard old tires, it was an absolute hoot to drive. Not having spent an evening with Farrah, I can't compare. Sadly.
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