I don't think high retail of $370K for a Daytona is out line, nor $161K for a Dino. My point was only illustrative as far the DINODAYTONAMERAK guy(s) and what will be achieved by their Mecum sale, at a hotel, not in PB or some high(er) roller location. These cars are all a time capsule, granted, and their value will be largely dictated by the use each prospective buyer will have in mind for them. Having disassembled Dino, I can guarantee that under that decent paint lies trouble. They all had it, no? On the other hand, you are right, NADA is low on its appraisals. Regards, Alberto
without a ppi, it makes no sence to jump in to a Daytona at over 250 -- even if it looks good, a bad valve, low compression or any number of items can set you back 30 to 50 k faster than you can write the check ---
ABSOLUTELY CORRECT! That's why they are being auctioned where they are, right? I don't see them near Tom's 275. Regards, Alberto PS Have you washed that car yet?
Saw the bidding on HD Theater. They said the winning bid for the Dino was a phone bid. Yes, these were the hammer prices... no premium included.
Yesterday at Mecum, a 72 Dino GT went for $120k plus 8% Lot 158 http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=CA0811-113229&entryRow=163&lottype=
I thought it was a Merak....was it a Bora? 92 grand is about right for a Bora but way off market for a Merak... what did the Merak trade for?
The 72 at Mecum did not have much info available on-line regarding history or condition. I did not research this one. From the photos it is a Euro model, condition seems to be OK. Last week on ebay a 72 Euro #02794 bid up to about $131k but not enough to meet reserve. The car was later sold for $140k. This was a 2 owner, very clean car that had been sitting for 15 years with no records, docs or tool kit. No rust and drives well - (second hand info). Supposedly it had been maintained periodically over the years and had a good paint job in 1993. Price is totally dependent on condition & provenance except in special cases like 'barn finds' or one owner/low miles. Cheers
I wonder if the seller got a break from Mecum/HDN because the three Italian "barn finds" were the main promo used to attract an audience. They're the only reason I tuned in. Much as Mecum's cable productions look more like cattle auctions than those intended for the serious collector car crowd, it can only help to have exposure for classic Ferraris with the muscle car crowd.
So, to recap OVERALL YOU ARE HAPPY WITH THE SALE??? Are you going to hang around and make more interesting posts, now that the auction is 'done"....????
Did not effect us ,no matter what they brought....It was enjoyable to read what the experts thought. Been fun....
WELL WELL, SO LOOK WHAT THE TOP BID FOR THE DAYTONA WAS.... ARE YOU GOING TO RE-LIST IT ON E-BAY WITH DUST ON IT AND RE-FIND IT?
After having seen this Dino, all I can say is WOW! What a truely nice example. I think all the silly marketing might have helped in some ways but definitely hurt in others.
Since Tom Shaughnessy's friend bought this Dino (see post 24 on http://ferrarichat.com/forum/showthread.php?t=334659&page=2 ), this must have been pretty much a real deal. **************** No more whining about this one, despite the OP's somewhat confusing sequence of posts in the current thread about the recent ownership history: Post 14 in this thread – “These were almost new when parked. And they have been sold for weeks. We just are getting them ready for the new owner.” Post 19 in this thread – “We sold them a while ago, but have gotten them ready for the new lucky owner that is successful at Mecum.” Post 63 in this thread – “We bought them from Howard O'Flynn thru his Attorney. No one else ever owned it.”