Asking price for a Ferrari Daytona?

Try here :

http://ferrarichat.com/forum/showthread.php?t=119669

 

Two good sources of information on this are:

Ferrari Market Letter (Ferrarimarketletter.com) - publishes twice monthly updates to asking prices

Cavalino magazine - publishes regular (6/year) updates to Ferrari Prices Realized.

Of course you need subscriptions for these.

You might post a question on this at the Daytona registry site (ferrariregistry.net).

With what little info you have given, my best guess would be $200K +/- $25K or so, with bias toward the lower end. I think prices have slipped a little bit in the last few months. Condition, condition, condition is what determines the value.

Daytonas are GREAT cars. Beautiful, powerful, fun to drive, and generally easy to work on. But, they can be very expensive if you need serious work. I am having my engine rebuilt, and it will be costing me $25K or so for a complete rebuild (due to broken valve and damaged piston)

Caveat Emptor!

 

Rather than just prices dropping, inventory seems to keep piling up...

 

Prices dropping? Algar was asking $272K for theirs and its sold now. I doubt they dropped the price $70K.

There was also a nice Daytona sold at the Goodwood auction in this months SCM for about $275K.

I do not see any more inventory advertised currently than has been on the market on average throughout the last couple of years. In fact, I just flipped through the lastest issue of FML, Classic and Sportscar, Thoroughbred and Classic Cars, Octane and Motorsports and while the same dealers have the same cars often in multiple publications there seem to be only 10-12 cars in total advertised and thats globally.

It does seem that cars with needs however are not moving. Asking prices of around $225K for cars in "driver" condition with some clear flaws have been chopped and it appears the interest in such cars is pretty slack. Smart people know the "driver" bought for $220K cannot be made into the really great car at $275K for anywhere near the difference in price. This would lead me to think the really great car is worth every penny of $275K, but the #3 condition driver should be a $150-175K car tops.




Terry

 

Condition 1 Daytonas are being insured for 3 large, no questions asked by the "agreed value" notible insurance companies.

 

I'll find out today for sure, but you're right, Algar is not in the business of discounting a car they had less than a month by 20%+.

It was an excellent driver condition car, but it had needs. New paint was in it's not too distant future, and the interior was nice, but not perfect. It was excellent mechanically. So does that make this an ~$270K car? Apparently so.

DM