Sotheby's / Ferrari Auction | FerrariChat

Sotheby's / Ferrari Auction

Discussion in 'Vintage Ferrari Market' started by billnoon, Jun 28, 2005.

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  1. billnoon

    billnoon Formula 3
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    Aug 22, 2003
    1,176
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    Bill Noon
    #1 billnoon, Jun 28, 2005
    Anyone know of any live feed information on the web for the auction and results.

    I looked on Sotheby's site but no real-time info.

    Memorabilia part of the auction starts in one-hour. I have many client's with cars there and one of my own.

    Not really interested in bothering people there during the sale but hoping someone might be posting real-time results.

    Cheers,

    Bill Noon
     
  2. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    #2 Napolis, Jun 28, 2005
    Bill
    You're a man of wealth and taste. What do you think will happen? BOOM or bust?????
    Best
     
  3. writerguy

    writerguy F1 Veteran

    Sep 30, 2003
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    Otto
    #3 writerguy, Jun 28, 2005
    Last edited by a moderator: Sep 7, 2017
    Jim

    I am betting Boom right now...

    How's everything going (oh and not to hijack but here is one for you...
    Image Unavailable, Please Login
     
  4. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    #4 Napolis, Jun 28, 2005
    Jim
    Now that's a headline that's TRUE!!!!. (Did you get my email re: BOAC decal for 0854?)
     
  5. billnoon

    billnoon Formula 3
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    Aug 22, 2003
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    Bill Noon
    #5 billnoon, Jun 28, 2005
    Dear Jim,

    I simply do not have an answer for you.

    The poor and week examples (both car and owner) are due for a tumble.

    At the same time, the rare, fun and elligible as well as the educated buyer's who chase and are willing to chase such machines are multiplying.

    I sold the GTO yesterday. Very close to doing two other MMDS (multiple million dollar sales.)

    Besides my crystal ball has always had a crack a mile wide.

    How about I get back to you in a few hours...

    Cheers,

    Bill
     
  6. Bryanp

    Bryanp F1 Rookie

    Aug 13, 2002
    3,800
    Santa Fe, NM
    #6 Bryanp, Jun 28, 2005
    I just skimmed the back pages of the catalog and don't see anything about real-time info.

    my 2 lira:
    the F1 parts bin stuff will sell like hotcakes - neat things that would be really cool to have and won't break the bank.

    the production cars - I just don't know why a smart buyer would pay:
    65 to 75k for a 328GTS
    145-165k for an F512M
    75-88k for a 308GT4
    120-140k for an 84 Boxer
    I think the Sotheby's ranges for the production cars are high.

    I think the race cars w/ provenance and a significant race/driver resume will always be big money, and I could see a serious red mist happening at this particular auction particularly for the 50s and 60s sports racers. A Le Mans winner will always be a legend. Prepare for crazy sales price for the 412S, the 330TRI/LM, the 246SP/196SP, and maybe for the 121LM.

    . . or tomorrow by this time I'll be the big donkey.
     
  7. Bryanp

    Bryanp F1 Rookie

    Aug 13, 2002
    3,800
    Santa Fe, NM
    #7 Bryanp, Jun 28, 2005
    toto70 is posting results as he gets them in the Europe section.
     
  8. zjpj

    zjpj F1 Veteran

    Nov 4, 2003
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    USA
    #8 zjpj, Jun 28, 2005
  9. writerguy

    writerguy F1 Veteran

    Sep 30, 2003
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    Otto
    #9 writerguy, Jun 28, 2005
    Yes I am heading out to see mr smith this friday and will ask him
     
  10. Napolis

    Napolis Three Time F1 World Champ
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    Oct 23, 2002
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    Jim Glickenhaus
    #10 Napolis, Jun 28, 2005
    Thanks. (ignore my pm I misunderstood and thought you had sent me an email)

    From what I've heard the "Big" cars did not sell.
     
  11. Bryan

    Bryan Formula 3

    Nov 1, 2003
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    Montrose, Colorado
    #11 Bryan, Jun 29, 2005
  12. The Red Baron

    The Red Baron Formula 3

    Jan 3, 2005
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    Warren
    #12 The Red Baron, Jun 30, 2005
    I dont think itwas such a matter of there being no buyers for the higher value cars but of the difficuty in buying a car located in Italy. I most certainly was interested in buying something but doing so was going to be a bigger hassle than it was worth. There most likely will be a few cars sold post auction ............maybe.
     
  13. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    #13 Napolis, Jun 30, 2005
    The people who were there had a different view. Check out the previously mentioned thread in the euro section.
     
  14. johnhoughtaling

    johnhoughtaling Formula 3

    Nov 6, 2002
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    #14 johnhoughtaling, Jul 1, 2005
    The auction was run terribly. First, it was about 110 degrees F, and they did not sell drinks at the event. Everyone was hot and irritated. The PA was bad and you could barely hear the actioneer's voice. He ran through all of the cars in a little over an hour and a half. None of the history of the cars were given, and the cars where not brought on stage. A small picture was flashed, sometimes incorrectly(a 308 GT4 recieved the same intro and time as the 412 or the 330). In a very perplexing move the auctioneer, hit his hammer for every car, pretending to sell it.

    People were terribly confused. I cannot answer whether there were buyers present or not, or whether the bids were real, but I can tell you that the action was run terribly.

    As for some of the reserves, I was privy to a one or two and they were not higher than the current market for the big cars. On the other hand, the cheaper cars sold for a ton of money. A 512TR sold for $180,000 US with commission. So I disagree with the assertion that the cars priced right sold. Many factors affected this auction.
     

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