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DES (Sickspeed)
Senior Member
Username: Sickspeed

Post Number: 6884
Registered: 8-2002
Posted on Saturday, October 04, 2003 - 11:13 am:   

i'll take $80,000 for my 1994 Saturn SL - i'd ask for 100k, but the tranny needs a rebuild...
Wayne Ausbrooks (Lwausbrooks)
Moderator
Username: Lwausbrooks

Post Number: 2641
Registered: 8-2002
Posted on Saturday, October 04, 2003 - 9:13 am:   


quote:

Wayne or anyone who is good on the market, what type of effect does this have on the market, and what would happen (in your opinion) if the cars are ever sold at these prices?




Michael, like Jim says, it ain't gonna happen.
William H (Countachxx)
Advanced Member
Username: Countachxx

Post Number: 3260
Registered: 2-2001
Posted on Saturday, October 04, 2003 - 6:08 am:   

I'll trade him my Countach for his 512BB if he gives me $200k extra :-)
Ben Cannon (Artherd)
Intermediate Member
Username: Artherd

Post Number: 1004
Registered: 6-2002
Posted on Saturday, October 04, 2003 - 12:20 am:   

Michael- Welcome back to F-chat, stick around! I hear you on buisness taking up so much time though. I'm pouring everything I've got into my new venture as well. Good luck in everything you do, Exciting times!

Best!
Ben.
Tim N (Timn88)
Advanced Member
Username: Timn88

Post Number: 3451
Registered: 6-2001
Posted on Friday, October 03, 2003 - 10:36 pm:   

I hope the guy includes some vaseline for whoever buys those cars at that price to make it less painful! He's got to be dreaming. He should be asking less than 1/3rd of what he wants. Also, i didnt think 512 were really collectable ferraris, like the 288 is.
L. (Testaroja)
Junior Member
Username: Testaroja

Post Number: 174
Registered: 5-2003
Posted on Friday, October 03, 2003 - 10:23 pm:   

I'm willing to accept $275,000 obo for my 88.5 testarossa with 31,000 miles.
Michael R. Bucci (Bb512)
New member
Username: Bb512

Post Number: 28
Registered: 5-2003
Posted on Friday, October 03, 2003 - 6:09 pm:   

You are right on point too, Ben. Thanks.
Michael R. Bucci (Bb512)
New member
Username: Bb512

Post Number: 27
Registered: 5-2003
Posted on Friday, October 03, 2003 - 6:08 pm:   

James, I agree 100%. Of course the cars may be "mint" but you obviously can't even think about driving them until they are properly sorted and serviced, and among other things replace vital parts like fuel lines, brake lines, hoses, etc.

I know a 288 is worth a solid 300K, and a lot of boxers are selling around 60-65k right now. To be perfectly honest with you though, I even think that the 90, 100 and 150k asking prices you see on some 512's are completely ludicrous.

I really can't believe it every time I see his ads (they are a bit over the top), it's almost enough to make Enzo turn in his grave.

As far as the lambo, it was so long ago, he wouldn't even remember the s/n. When they got it it was a "normal" countach until the shop accident. When it left it had been painted, so it appeared "normal" again. I don't think the NY Auto Show thing had a big sales point, I only used it as a point of reference to try to spark someone's memory.

Thanks to everyone who responded to this though. I am definitely gonna try to be more active, but school as well as my newly started business is filling up my schedule right now.
Ben Cannon (Artherd)
Intermediate Member
Username: Artherd

Post Number: 1003
Registered: 6-2002
Posted on Friday, October 03, 2003 - 6:02 pm:   

Michael, with all due respect, your relative/friend is on some pretty good crack.

Cars that are never driven like that actually fail mechanically, and most collectors know this. Collectors are more intrested in a car's history, than it's mileage.

What would happen to the market? Nothing, because they will not sell at that price. Certinly a mint body can command a premium over market, but then subtract engine work that will need to be done, and there you have the value.


I can list my AT&T stock at $200/share all day long, and nobody's going to snap that up...
James Glickenhaus (Napolis)
Advanced Member
Username: Napolis

Post Number: 2709
Registered: 10-2002
Posted on Friday, October 03, 2003 - 5:22 pm:   

Effect? None because they won't. The 288 is worth about 300K The 512 40K. The reason? The 288 would need 75-100K to go through and the 512 30K.
Low milage means ZERO on a collectable car. Once you've restored it the millage goes back to Zero for all intents and purposes.
No one who owns a 250GTO cares what the milage is. They care what the history is.
A.Tonokaboni (Senna1994)
Junior Member
Username: Senna1994

Post Number: 151
Registered: 9-2002
Posted on Friday, October 03, 2003 - 5:12 pm:   

Looks like this guy is reliving the late 80's early 90's Ferrari Boom with that pricing. $750 for a 288 GTO, that is a good one.
William H (Countachxx)
Advanced Member
Username: Countachxx

Post Number: 3250
Registered: 2-2001
Posted on Friday, October 03, 2003 - 3:46 pm:   

I have a friend with the last name Bucci down in Argentina, he used to race F1 in the 50s :-)
Thomas I (Wax)
Member
Username: Wax

Post Number: 458
Registered: 7-2003
Posted on Friday, October 03, 2003 - 12:46 am:   

Might be helpful to ask your Pop what the serial number was.
Michael R. Bucci (Bb512)
New member
Username: Bb512

Post Number: 26
Registered: 5-2003
Posted on Thursday, October 02, 2003 - 11:59 pm:   

Yeah, I haven't logged on in quite a while because I have been swamped with work here at URI but the guy with the ridiculously mint 512 and 288 listed for big $$$ is actually a relative of mine - if I remember correctly its my dad's cousin. We very rarely see him, he is very successful and a fanatic about his cars. The 512 has so many rare options and ultra low mileage, the same with the 288 which has the ORANGE inserts - I have never seen the cars up close and probably never will, but a big collector my dad knows (i will not name him) said once that the cars are absolutely immaculate. If anyone cares also, these are the same cars that were listed in Hemmings for quite a few months in a row, he was asking $1,000,000 for both, or the 512 for $350,000 and 750,000 for the 288 if bought separately. I can only imagine what looking at these two cars would be like - I think it would give off some time warp type of effect. Until my dad told me about these cars a few years ago (I had forgotten about them) I didn't think it was possible to find [vintage] f-cars with mileage that low. I mean really, don't the two lowest mileage daytonas (one coupe and one spyder) in the world both have over 1000 miles on them?

Wayne or anyone who is good on the market, what type of effect does this have on the market, and what would happen (in your opinion) if the cars are ever sold at these prices?

Okay that's all. Thought everyone would find that interesting.

Oh and another question (sorry that its lambo related but it was running through my head), at my dad's dealership, someone who worked there once spilled brake fluid on the front fender of a black countach. They had to strip the whole car and underneath the car, if i remember was metallic brown with crazy pinstriping - apparently it was the NY Auto Show car - it was then repainted and sold - does anyone know where it is or do you have a pic of it when it was at the show/in the original color? I haven't been able to locate one.

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