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Monterey Auctions 2017

Discussion in 'Vintage Ferrari Market' started by Marcel Massini, Jul 12, 2017.

  1. BarryK

    BarryK Formula Junior

    Dec 17, 2016
    989
    Europe
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    Barry K
    The RM results are now up on their site.
     
  2. Caeruleus11

    Caeruleus11 F1 Veteran
    Rossa Subscribed

    Jun 11, 2013
    9,210
    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.
     
  3. Drive550PFB

    Drive550PFB Two Time F1 World Champ
    Rossa Subscribed

    $15.6 million for a McLaren F-1.
     
  4. T308

    T308 Formula 3
    Silver Subscribed

    May 12, 2004
    1,001
    Southern Cal
    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.
     
  5. sperry

    sperry Karting

    Aug 6, 2013
    106
    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!
     
  6. Nembo1777

    Nembo1777 F1 Veteran
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    Nov 4, 2006
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    Marc Sonnery
    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...

    Best regards,

    MS
     
  7. 308Pedro

    308Pedro Rookie

    Jul 23, 2015
    30






    Ciao
     
  8. 308Pedro

    308Pedro Rookie

    Jul 23, 2015
    30
    Totally agree. Just would add rarity as only 369 were made.


    Ciao
     
  9. chris1866

    chris1866 Formula Junior

    Mar 14, 2005
    358
    Atlanta
    Full Name:
    Chris
    Take a look at the Mecum results if you want to see bargains...
    the 2+2 cars especially.
     
  10. Mckinney

    Mckinney Karting

    Mar 29, 2013
    196
    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).
     
  11. Juan-Manuel Fantango

    Rossa Subscribed

    Jan 18, 2004
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    Juan
    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.
     
  12. Skippr1999

    Skippr1999 F1 Rookie
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    Dec 22, 2009
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    Skipp
    So, someone took that big of a hit on that same car ?
     
  13. Juan-Manuel Fantango

    Rossa Subscribed

    Jan 18, 2004
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    Juan
    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
     
  14. Skippr1999

    Skippr1999 F1 Rookie
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    Dec 22, 2009
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    David,
    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.

    Skipp
     
  15. Christian.Fr

    Christian.Fr Two Time F1 World Champ

    Jun 9, 2005
    20,211
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    Christian.Fr
  16. geno berns

    geno berns F1 Rookie
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    Oct 26, 2006
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    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.

     
  17. gbutler

    gbutler Formula Junior

    Jun 9, 2005
    542
    Charlotte, NC
    Full Name:
    Glenn Butler
    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!
     
  18. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    41,534
    Texas!
    Note to self: Next time I sell a car, any car, take it to Monterey.
     
  19. scarfiotti355

    scarfiotti355 Karting

    Mar 25, 2009
    198
    Finland
    Full Name:
    Lodovico
    and i research the result of
    Ferrari F355 spider serie Fiorano sell in Monterey 2017
    What'is the Result
     
  20. Skippr1999

    Skippr1999 F1 Rookie
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    Dec 22, 2009
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    I believe it was a no sale at 125k high bid.
     
  21. 166&456

    166&456 Formula 3

    Jul 13, 2010
    1,720
    Amsterdam
    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?
     
  22. DWR46

    DWR46 Formula 3
    Honorary

    Jun 19, 2012
    1,233
    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.
     

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