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Discussion in 'Vintage Ferrari Market' started by Marcel Massini, Jul 12, 2017.
The RM results are now up on their site.
Links for results from Gooding, RM, and Bonhams:
Results - Monterey 2017 | Classic Car Auctions | RM Sotheby's
Bonhams : Quail Lodge Auction
I basically agree. I thought the auctions started out a little soft, but then things perked up. Maybe it was just more interesting and better quality cars as the weekend progressed. The sense I get is the bit of a pullback/lull we saw in 2015- now may be abating and we might be ebbing just a tad higher. Things seem like they are firming up. But please understand this is just my observation.
$15.6 million for a McLaren F-1.
This was an incredible moment at Bonhams. A no reserve car that received no bids. Rupert asked for an opening bid of $100k, then went all the way down to $20k. Nobody bid, he then hammered it closed and it was pushed away. I've never seen that happen at a Monterey Auction before.
The car was listed at no reserve so I was confused about how it wasn't showing up as sold.
There has to be a story with this one!
That is very odd...in Europe I am sure there would have been bids but the lack of knowledge about a car that was never imported in the US obviously played a part.
Try selling a "Chryser TC by Maserati" abortion in Europe and you would probably get the same result...but a Shamal is a very impressive car, it bites in the rain and is not the the prettiest but it is very fast and a true modern GT...one Italian drove one from Naples to Sweden for the International meet in 2010, ran it on the track did very well in the concours and the touring rally...and drove home, more than 4000kms in all...
Totally agree. Just would add rarity as only 369 were made.
Take a look at the Mecum results if you want to see bargains...
the 2+2 cars especially.
Based on the general results and without getting into specific cars, it seems to me if anyone was looking for firm evidence of a declining market, they didn't find it in this round of auctions. If you want a 275 GTB/4 you still need a net worth of 50 MM plus to reasonably afford it (according to my thinking).
When we saw it sell in 15 it was I think around 227 or 247 all in? So it was lower. I still like this Particular 308 for the money paid.
So, someone took that big of a hit on that same car ?
Found it. To me at least, this is one of the best 308 other than one of the Michelotto cars. First delivered 308 if true? I thought the car was well bought in 15, and these would go to 3-400. But I have been proven to know nothing. The market set the price, plenty of people there to buy one if they wanted it in their collection. When it hits a million then all of these people will want one. Then again I know nothing!
1976 Ferrari 308 GTB Vetroresina | Gooding & Company
These were 45k when I was looking for my 308 back in 2009. There was one available, but already had 50k mileage which was more than I wanted.
The other 308 I'd want would be a Euro QV GTB. Beautiful.
Incredible results, AM DBR for 22M$...etc
Yes I did see the 330 GT at $177K etc... But it seems that vintage Ferraris if they are of high quality tend not to be sold at that venue. I didn't inspect the cars that brought the low numbers but I bet they were not the type Gooding or RM would undertake.
A low quality driver vintage Ferrari are often donor cars for a full blown restoration. That costs a lot of money. It's not unusual to see high quality preserved cars or well restored cars trade for double the needy cars. They are often bargains versus the time and costs associated with getting one to a proper level.
I did not see the 330 GT in question, but spoke to a dealer today who saw the car and said it needed a full restoration. According to him it brought 117k for a reason, there were no bargains!
Note to self: Next time I sell a car, any car, take it to Monterey.
and i research the result of
Ferrari F355 spider serie Fiorano sell in Monterey 2017
What'is the Result
I believe it was a no sale at 125k high bid.
It's interesting that the article mentions the 246GT @ 250k while a 206GT just sold for $570k... Is the difference between the 206 and 247 really that large, was was the condition or provenance of the $570k car really great - or was that 570k a fluke?
Dino 206GT's are much rarer than the 246 version. The 570K was not a fluke, other cars have sold in the same price range.