Jim Spiro ex F50 at Copart | Page 4 | FerrariChat

Jim Spiro ex F50 at Copart

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by 308nut, Oct 8, 2013.

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  1. ghardt

    ghardt Formula 3

    Apr 18, 2004
    1,259
    Texas
    Full Name:
    Jerry
    Did anyone here inspect the car in person?
     
  2. 483hp

    483hp Formula 3
    Owner

    Aug 17, 2005
    1,428
    www.fca.alberta.com
    I looked at this car seriously a year ago. Most of the carbon fiber (including) the tub is damaged from UV. The worst I have seen on any F50.

    It did have a relatively fresh respray and the new engine did solve many of the gremlins but not all of them.

    This was before the car was sold to the owner that wrecked it. I think the seller did very well considering what the asking price was for the car a year ago with no takers.
     
  3. ghardt

    ghardt Formula 3

    Apr 18, 2004
    1,259
    Texas
    Full Name:
    Jerry
    I think the insurance company got off very light. The car sold for around $600K a year ago. The car needs at least $200K in parts to make it right, assuming the tub is OK.
     
  4. 4re Nut

    4re Nut F1 World Champ

    Mar 27, 2004
    16,343
    N of NOLA
    Full Name:
    Steve
  5. JAM1

    JAM1 F1 Veteran
    Rossa Subscribed

    Oct 22, 2004
    7,186
    FL, NY, and MA
    Full Name:
    Joe
    I was thinking the same number or slightly higher. I have a friend that owns a company that builds carbon fiber boats so he has all the equipment and expertise to have repaired / replaced those bits, and I know a great Ferrari mechanic that I planned on having do the rest. I flew up with a carbon guy to check out the car a couple of weeks ago, and there are areas of delamination (possibly collision related, could have been age/stress) on the front of the tub that will require extensive repair to make them right.

    I can't see paying $446k plus fees/transport, then getting the car redone properly - he should have just bought a nice one to begin with!
     
    NYC Fred likes this.
  6. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    33,014
    Full Name:
    Joe Mansion
    A nice one is at least $1.2M.
     
  7. Bobj

    Bobj Formula Junior

    Aug 12, 2013
    486
    UK
    Am I missing something? Why is everyone so surprised at the price?

    I would have thought the damage could be sorted for 300k usd easy, and don't US sorted F50's go for approx 1.5m USD in the US? So the buyer would be into a storied F50 for half price? Seems like a very good deal to me as long as he gets the work done properly.

    What I don't get it why someone would export the car to Europe where F50s seem to trade around the 600-750k EUR mark. In this case, post import duties and repair costs, it would just make more sense to buy a sorted car
     
  8. Peloton25

    Peloton25 F1 Veteran

    Jan 24, 2004
    7,645
    California, USA
    Full Name:
    Erik
    If you are going to compare apples to apples, make sure the apples are really the same. This F50, according to the market, wasn't anywhere near the $1.5M valuation you just suggested even before this accident. The reports are that the car had changed hands for less than half that within the past year.

    Yes on this - I don't get the idea of this car being sold to Germany now. Like I said - the story on this one is far from over (unfortunately).

    >8^)
    ER
     
  9. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    33,014
    Full Name:
    Joe Mansion
    440k$ is 300k euros nowadays. And when was the last time you saw a black F50 for sale?
     
  10. smj113

    smj113 Karting

    Oct 23, 2007
    190
    Philly Suburbs
    This one had just been listed at $695 before it was crashed. Someone on here stated that they were to be the new owner. After the salvage title, I can't imagine it will increase in value. Poorly bought by the new owner. Math just doesn't make sense.
     
  11. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    33,014
    Full Name:
    Joe Mansion
    Since then F50 values have climbed even more. An F50 in perfect condition is 1.5+. Even in Europe they have gone from 500k to 700k+.
     
  12. Ferraripilot

    Ferraripilot F1 World Champ
    Owner Project Master

    May 10, 2006
    17,171
    Atlanta
    Full Name:
    John!


    The price makes sense then, even if it's going to be a rebuilt car. I suspect a good shop in Germany will do a masterful job
     
  13. JAM1

    JAM1 F1 Veteran
    Rossa Subscribed

    Oct 22, 2004
    7,186
    FL, NY, and MA
    Full Name:
    Joe
    I heard this particular car traded in the last couple of years for $600k. Even if you said prices have increased since then, I believe that's negated by the crash history... so the "winner" will have $500k in the car when it comes out of a container in Germany and they'll still have $150-200k to get the car put together (if not FAR more by sending it to Classiche).
     
  14. rampante550

    rampante550 Formula Junior

    Jul 20, 2010
    553
    NC
    Full Name:
    D Day
    Anyone know if this car has popped up since then?
     
  15. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,649
    The long way home
    Bonhams sold it in 2018

    Reportedly bought by the son of a notable tech executive in CA.
     
    rampante550 likes this.
  16. PAUL500

    PAUL500 F1 Rookie

    Jun 23, 2013
    3,136
    Amazing how there can be such diametrically opposed views of the exact same car, post accident its a wrecked money pit example of a car that was not very nice anyway, and which the new owner will take a bath on, then post repair its a desirable example, proven to be worth well over a million dollars!!!!
     
  17. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    22,739
    Boomhauer and joe sackey like this.
  18. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    22,739
  19. joe sackey

    joe sackey Five Time F1 World Champ
    Sponsor

    May 23, 2006
    57,288
    Southern California
    Full Name:
    Joe Sackey
    Always consider the source.
     
    carguyjohn350 likes this.
  20. PAUL500

    PAUL500 F1 Rookie

    Jun 23, 2013
    3,136
    I have yet to see an F50 carbon chassis up close, are they all that bad? looks like bolt on cosmetic components over the top to hide the poor quality of the actual chassis.
     
    Boomhauer likes this.
  21. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    22,739
    Here's another one.

    Marcel Massini

    Image Unavailable, Please Login
     
  22. iohead

    iohead Karting

    Feb 19, 2013
    142
    The quality is OK for 1995-97. It is no Pagani for sure.

    The bolt-on component in question here sits on top of the 12V battery under the front clam, so it hides the comparatively messier wiring below. It is also shaped in a way so as to provide a bit of storage space. In that sense, it's a dual-function cosmetic panel.
     
  23. PAUL500

    PAUL500 F1 Rookie

    Jun 23, 2013
    3,136
    Thanks both, not great really, even if they were built back in 1995, the shape and fitment of those cover parts is dire, not even to home build kit car standard. I know with Ferrari it is all about the engineering and you get the body for free but no finesse at all there. Mclaren F1s were built at that time, I expected the F50 to at least be close to their level of finish.
     
    Boomhauer likes this.
  24. MM355

    MM355 Formula 3

    Apr 7, 2008
    1,151
    GMT + 3
    1,000,000,000 % I am puzzled as well, funny world we live in.
     
    Boomhauer likes this.
  25. W i l l

    W i l l Rookie

    Aug 4, 2013
    3
    The VIN picture of #4746 seems to be missing the upper carbon fiber panel, so you only see the mat around where the VIN is mounted. That is probably why it looks different than the original on #4799.

    Will

     

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