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Talacrest LWT Ferrari Video 1989 F40 at £1M 30 years ago

Discussion in 'Vintage Ferrari Market' started by Platini 289, Oct 16, 2019.

  1. Platini 289

    Platini 289 Karting

    Sep 21, 2015
    75
    Amazing what 30 years can bring!

    1989 Ferrari video - interesting how an F40 was commanding £1M GBP
     
  2. BMWairhead

    BMWairhead Formula Junior

    Sep 11, 2009
    910
    Portland, OR
    Full Name:
    Ted
    There was a GIANT bubble forming in 1989.
     
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  3. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    11,712
    we simultaneously live in absolute and relative worlds, all the time.
     
    Timmmmmmmmmmy likes this.
  4. 360modena2003

    360modena2003 Formula 3

    Jul 11, 2009
    1,498
    Fantastic, thank you for sharing!

    For the F40 1M GBP, you could buy a lot of London real estate in the late '80s.

    This was also during the time of Italy's economic peak (il sorpasso), the GDP had surpassed that of the UK in 1987 and was the world's 4th largest economy...how times change!

    Sent from my MAR-LX1M using Tapatalk
     
  5. BMWairhead

    BMWairhead Formula Junior

    Sep 11, 2009
    910
    Portland, OR
    Full Name:
    Ted
    It was also right after Enzo’s passing...the speculation was incredible. The bubble burst in the early 90s.
     
    readplays likes this.
  6. 375+

    375+ F1 Veteran
    Silver Subscribed Rossa Subscribed

    Dec 28, 2005
    6,400
    January of 1990 IIRC, F40s tanked to a low of $240,000 or so in the 1990s. The Jaguar XJ 220 never made it out of the gate before speculators reneged on their contracts.
     
  7. BMWairhead

    BMWairhead Formula Junior

    Sep 11, 2009
    910
    Portland, OR
    Full Name:
    Ted
    Some reneged on new contracts...others chopped up cars and buried them while dialing their insurance agent.
     
  8. 360modena2003

    360modena2003 Formula 3

    Jul 11, 2009
    1,498
    Wild times, don't think we will be seeing this again.

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