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Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by dustman, Jun 11, 2019.
So is urine!
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Only if you're dehydrated.
Meanwhile, back on track, here's an updated summary of current F40 values per verifiable auction results https://www.glenmarch.com/cars/results/quick/Ferrari/F40?unsold=1
Besides Glenmarch, Classic.com also tracks F40 public auction results with similar data points https://www.classic.com/m/ferrari/f40/
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Here's an F40 for sale https://www.dupontregistry.com/autos/listing/1990/ferrari/f40/2256478 which happens to be ZFFMN34A5L0087066, the 78th USA car with 5,322 miles showing currently, it's been on the market a little while.
Google search is a wonderful thing!
An alternative marketing approach to #silenceisgolden :
Hartley in the UK who is one of the more respected guys. At least a bit more useful than "I sold this car but I am not saying any more"
Joe deals in private treaty sales. What don’t you people understand about that?
This one seems a bit expensive for a 11k miles car no?
But then it's a no lift, no cat.
Maybe the market is stronger in the UK vs mainland Europe?
The Hartley family (Tom Sr, Tom & Carl) have a business model that is the showroom floor type. What this means is, they buy a car into stock on their premises, then, advertise it publicly with a set price which is publicly shared, and accept offers on this basis, this means they are at liberty to publicly discuss and disclose prices.
Joe Sackey Classics practices a different business model, we practice Private Treaty sales, as I have said in this section many times, and as anyone who deals with us knows. What this means is, we privately facilitate the disposition or acquisition of the best quality Ferrari Supercars from one collector to another, as such, the price is kept private, this based on the general expectation by the collectors involved that the price remains private.
Different business models, the latter is favored by many discreet collectors Internationally today for innumerable obvious reasons, it works well for our clients and us.
Our business model doesn't mean I can't share our database of market knowledge to be helpful to the community by giving general guidance without revealing the details of specific deals, as you can see from this thread, few people give more market guidance than I do, and I feel obligated to ensure that what is being discussed is based on reality.
I always appreciate all opportunities to come online and explain how we work, and yes, Google is indeed a wonderful thing.
Rich I hope that beautiful sliding-windows F40 we sold you is being enjoyed in good health.
The Cottingham family know how to source nice examples, the asking is reflective of the car's condition, yes, no lift no cat is desirable, and yes the UK market tends to be strong, good observations.
Joe, you do great work as per the transaction I witnessed you engineer recently and where you made the two parties (a seasoned collector and a large commercial jet buyer) extremely happy across a continent. You have your model and it is respected, successful, and adds value to many. You don’t need to defend it or explain it. It is know and respected.
You and I operate a similar business plan, I think the $2m F40 is a near reality. I've just sold a Euro cat/non adjust with delivery miles for $1.88m (no taxes paid anywhere). The car is just going through Classiche which can only increase its desirability and future value.
Hope you are well and congratulations Andrew!
Gerhard Berger F40 at auction - former F1 driver https://en.wikipedia.org/wiki/Gerhard_Berger
Reading the auction description, I see he's owned it less than a year and a half! He got it Classiche Certified and now selling/flipping. Anyone know what he bought it for? auction? dealer? private?
trying to make some money off his name i guess.....
There could be a million reasons he's selling after just 2 years, some clients are revolving collectors and like to try a car for 2 summers and then it's gone and on to the next challenge, perhaps he's looking for an F50 or 288 GTO now, its could be he doesn't like it, could be for financial or health reasons. Whatever the reason, it looks like he purchased the car and added some value with TLC and Classiche Certification, so the next guy benefits.
Unlike a car delivered to him when it was new, I don't think his name will add any value to this particular F40, nor do I think that's the reason for selling, but if it is, then more power to him using his name as a 10-times Grand Prix winning F1 driver who also drove extensively for Ferrari SpA.
Another ‘pass in’ earlier today.
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the so called "Berger F40" is up for a buy-it-now price of £925k, plus 10% buyer's premium = £1,017,500
and they finally declared it was repainted
it just looks like another tired old F40 to me, plenty better cars out there
It has been enjoyed on the track quite a bit.
If such an ex-Japan (little docs, track, possible modifications, unknown history/mileage progression), non-original (repainted, new seat red fabric), average condition, over 30k km) car is at the £1m mark, then you are fully justified to push over £1.2m for the amazing car you recently are putting your efforts behind...
Just for the record, the post auction “still available” £925k ask price would be an all in price.
Provenance is key.
ok thanks, great to know.
all that that tells me is the last highest bid on the auction was not real:
£840k + 10% = £924k so they would not have sold it for the sake of £1000 seems very odd if my maths is correct?
Not necessarily odd. Auction houses are frequently willing to negotiate on the commission on a post-auction lot, and facilitate a deal since the incremental costs to the house of getting the deal done is very little by that stage. So if they took 50% of the usual buyers premium, the car could sell at £900k post auction, and still return c £15k more to the seller, and the buyer is c £25k better off. I have bought a couple of cars post auction, and have the paid just over half the buyers premium. For an example, have a look at the F50 post-auction sale at RM Sotheby's Paris in 2019.