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current daytona prices in usa?

Discussion in 'Vintage Ferrari Market' started by ross, Nov 16, 2004.

  1. ross

    ross Three Time F1 World Champ
    Silver Subscribed Owner

    Mar 25, 2002
    30,342
    houston/geneva
    Full Name:
    Ross
    can you guys give me some idea of what the market prices are these days?
     
  2. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    41,390
    Texas!
    There are many here who are more up to date than I. (Wayne, our chat board turns its lonely eyes to you.) Daytona's seem to have been stuck at a buck and a quarter for ever and a day. Then last year, one sold in Europe for $150k US, which led everybody to believe that the long awaited uptick was starting to happen. I have seen some cars move up to, say, $135K to $140K, but I don't know if they are trading at that number.

    However, I must say that the market has thinned out quite a bit. Maybe the US cars are going to Europe, hard to say.

    Dale

    ps GTC prices have really gone through the roof!
     
  3. dwhite

    dwhite F1 Rookie

    I think some of the older ferraris are being held for speculative purposes. Many people were devastated in the late 1980s on cars and again in the early 2000s on equities. With the current economy getting 8-10% return on your money is a big deal, so why not let it ride if you have a nice example and see what happens. 125 to 140 is over 10%. I don't have the capital to invest in cars, nor do I want to, but many speculators have made and lost a fortune.

    Last I was checking 125K should have been rewarded with an extremely nice car, that was more then a year ago.
     
  4. ross

    ross Three Time F1 World Champ
    Silver Subscribed Owner

    Mar 25, 2002
    30,342
    houston/geneva
    Full Name:
    Ross
    this was why i asked....prices in europe are more like Euro 150k+, which at todays exchange rate is close to $200k.....
     
  5. sjvalin

    sjvalin Formula Junior

    Aug 31, 2004
    713
    Nevada County, CA
    Full Name:
    Steve Valin
    Having just bought a nice driver Daytona, I would say prices have definitely gone up. I was hoping to find a cond 2 car for $150K, since up until a year or so that's what they were (look at past FML or Sheehan's site). I haven't seen one of these for sale in a while, but cond 3 drivers coming on the market now have asking prices around $150K, so maybe selling for $140K. These were $120K cars last year.

    I believe the drivers have gone up $15K to $20K, and the really nice examples have gone up a lot more than that from what I've been told by a few brokers. $200K+ Daytonas may be more common than you think, you just don't hear about them since they don't get advertised.

    There used to be at least a half dozen Daytonas in the FML at any given time. It's slim pickings now. Being that I missed the boat on the Lusso and 275GTB, and seeing signs of the Daytona anchor lifting, I opted to jump aboard now rather than wait and hope a better deal comes along.

    -steve
     
  6. pauls

    pauls Formula Junior

    Apr 25, 2004
    417
    With a little patience you can find a condition 1 car for $140,000. The condition concours cars are 20 K more. The low range is $110,000. But diligent patience is key.
     

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