I just had a quick count as to how many 206 & 246 are for sale. I added up (13) for sale on Hemmings alone and (34) on Classic Driver There is a some overlapping adds for sure maybe, maybe 10% That is roughly 40 Dino's listed for sale in just these two places alone. I think it's the highest I have ever seen in one day. It sure look's like we are entering in a buyers market it all about supply and demand!
After seeing your post I just looked at the Hemming's GT listings. All but 1 or 2 need major work/complete restorations and the asking prices are average 350K. I don't see any fire sale bargains in the mix.
40+ Dino's for sale is a significant number. Perhaps it is a sign that the market has crested for the time being and the sellers are looking to cash in?
The FML shows Five 246 GTs and 3 GTS for sale, all but one is from a dealer Six of those in Hemmings are auction listings Ferrari for Sale | Hemmings Motor News[]=246GT&modelFacet[]=246GTS&sort=sort_time_desc&page_size=15&modelFacet[]=Dino
All true Just a slight observation that there are way allot of more that have come up for sale in the past few moths. I remember checking back in March there were around 25 for sale and now 40? Regardless of their condition and source, there are still 40 on the market. Maybe not a fire sale, but sure look's like the market has peaked and dealers are looking to unload? Will they all be sold by Sept?
If so they will sell at lower prices. It calls to mind the glut of 300SL's at Monterey last year, just too many cars for the market to absorb at one time. Prices fall.
How interesting of a thread to start..... I just looked at the Hemmings stuff, most auction adverts and other stuff. How The market is flooding...... What I can't understand is the crash!?!?! It is here! It is coming! It will be here! Huh? I have been hearing this for years. Once the "New Dino" is shown, I would expect some movement, but not niw. Shawn
It would be interesting to know how long these sellers have owned the cars. Dealers, of course, are non-owners, but I wonder how many of these cars were bought in the last year or two by non-enthusiasts as investments and now they want to see if they can make a killing. I doubt many 10+ year owners are bailing because they have suddenly fallen out of love with the car.
One of my Dinos (03964) was sold last year at the Bonhams Quail Lodge auction, after I traded it to Algar Ferrari in May of 2014. I fully expected to see it listed at auction this year, but have seen no trace of it as yet. I agree that long-time Dino owners are not likely to succumb to the "fast-buck" ethos required to let go of a cherished gem of a car. I didn't trade my car looking for a big payout, but traded it on a 2013 458 Spider, and came up with substantial money to complete the deal. I would never consider selling or training my remaining (and first) Dino (04808), which I have owned for just over 39 years. Fred
