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Testarossa Price Trends

Discussion in 'Boxers/TR/M' started by Mr.Chairman, Dec 9, 2010.

  1. ChipG

    ChipG Formula 3

    May 26, 2011
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    Santa Monica, CA
  2. ChipG

    ChipG Formula 3

    May 26, 2011
    1,067
    Santa Monica, CA
    the 1988.5 has 37,500 MILES not KM, I just wanted to say that so people don't think the k you put was for kilometers.
    https://bringatrailer.com/listing/1988-ferrari-testarossa-17/
     
  3. Shamile

    Shamile F1 Veteran
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    I believe that's the "Dinol" rust protectant sprayed all over the car from Ferrari. It took me years to remove it all.

    The center air intake looks a little faded but you see under the intakes and it looks clean.

    Shamile

    Freeze....Miami Vice!

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  4. Shamile

    Shamile F1 Veteran
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    Ok...I stand corrected. I was able to zoom in on the photos and the engine bay is dirty.
    But the dash looks good and there isn't any stretching in the leather as the stitching seams look straight.

    Shamile

    Freeze....Miami Vice!

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  5. turbo-joe

    turbo-joe F1 Veteran

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    wow, with 5 piece laguage set
     
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  6. Jay R

    Jay R Karting
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  7. boxerman

    boxerman F1 World Champ
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  8. ttforcefed

    ttforcefed F1 World Champ
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  9. JSinNOLA

    JSinNOLA F1 World Champ
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    Between Covid-19 and the absolute implosion in the energy markets I suspect there will be some new inventory on the market specifically from the Greater Houston area this summer.

    Not joking. Fire sale.
     
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  10. Shamile

    Shamile F1 Veteran
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    Be patient....the dominos in shale haven't fallen...yet.

    Shamile

    Freeze....Miami Vice!

    Sent from my SM-G950U using Tapatalk
     
  11. JSinNOLA

    JSinNOLA F1 World Champ
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    Believe you me, I’m extremely patient.

    But you know what isn’t patient? The margin calls affecting that industry effective immediately. :)
     
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  12. vincenzo

    vincenzo F1 Rookie

    Nov 2, 2003
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    Occasionally I follow the Daytona prices. Last time I looked, there was nothing under 700+.

    Judging from this unscientific, cursory review.... perhaps the more expensive cars are already getting hit hard.


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  13. ChipG

    ChipG Formula 3

    May 26, 2011
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    everything's been coming down and now with a global recession on the brink I'd expect no end in site.
     
  14. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
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    I’ve made strong offers in cars and some have not even responded and been for sale for over a year maybe I will just hold off and see what happens with prices in the next few months they won’t budge on prices
     
  15. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
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    I have not had any luck on ford gt 05/06
     
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  16. Shamile

    Shamile F1 Veteran
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    Wait and be patient. Prices will follow the markets. When it eventually goes down...after rates to 0 and QE , reality will eventually set in. Just be the guy with cash in hand and floor planning is burning a hole in the dealership's pocket.

    Just remember Vik from Lamborghini Orange County...from super fancy Lamborghini parties to selling the Lamborghinis from floor planning and running off with the cash. It's all coming back.


    Shamile

    Freeze....Miami Vice!

    Sent from my SM-G950U using Tapatalk
     
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  17. blkdiablo33

    blkdiablo33 F1 Rookie

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    After trying to buy a few different models I’m kinda of done now for a while yes I will be patient and my offers were very fair like less than 10-% asking price
     
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  18. Shark01

    Shark01 F1 Rookie

    Jun 25, 2005
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    For a competitive ask price, dealers are only accepting around 5% back of ask....have seen this twice in the past week.

    As far as the Houston energy market, we all know the effects from this comparatively weak virus will be short term, there isn’t a sense of panic.
     
  19. JSinNOLA

    JSinNOLA F1 World Champ
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    Is this post serious? Energy didn’t get slaughtered yesterday because of Coronavirus...
     
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  20. Shark01

    Shark01 F1 Rookie

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    It’s all tied together, along with the market as a whole....
     
  21. JSinNOLA

    JSinNOLA F1 World Champ
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    Not really...

    Saudi Arabia just showed Russia who is boss after Russia refused to control output last week. So on Saturday Saudi said **** you and is ramping up to peak production in an effort to punish Russia for non-compliance. Not a secret.
     
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  22. vincenzo

    vincenzo F1 Rookie

    Nov 2, 2003
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    #4147 vincenzo, Mar 10, 2020
    Last edited: Mar 10, 2020
    The US sanctioned Rosneft. Putin refused to reduce production rates in retaliation. Saudi increased production and cut sale prices to retaliate against Putin on behalf of the US (I hope). Their actions are draconian and intended(?) to be of short duration.

    If this war continues - many American upstream companies will require Fed bailouts or big bankruptcies will ensue.

    The US cost of production is about the highest in the world. Putin pushed prices down below American profitability, but not below Russian profitability. Saudi pushed it down further, way below Russian profitability.

    It could get very, very ugly. That said, I think it will end prior to armageddon. The virus’ impact is still a dangerous wildcard.

    The US/Saudi petrodollar alliance is fighting for survival.

    https://www.wsj.com/articles/u-s-sanctions-subsidiary-of-russias-rosneft-over-alleged-venezuela-oil-exports-11582039828
     
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  23. Jay R

    Jay R Karting
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    I wonder if we’ll see a few more on the market in order to liquidate them at reasonable prices which can not be found in the stock market?
     
  24. ChipG

    ChipG Formula 3

    May 26, 2011
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    I'll bet you see some decent opportunities in the next 12 months.
     
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  25. Zeff

    Zeff Formula Junior

    Oct 8, 2018
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    It
    Its just like what Johnny Cochran says, it’s been a long, long road to get to this point. Not, it’s only been about a week and two or three days to shave off 6,000 points on the Dow. In Ojs case it was a year and two or three days as you remember. How is this relevant you ask? He was a tr owner before he committed the murders. Then he too had to sell everything. I suspect that may be coming.
     
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