Holy Cow...512TR Price

Does anyone say holy cow that the stock market is 18,000 ?

Does anyone say holy cow that oil was passed $100 a barrel ?

Why is it holy cow for someone asking 250k for a Testarossa, you do realize this was the price of the car back 21 yrs ago right ?

Fixed for inflation 250k back then has to be 400+ in today's dollars.

 

HUH!!!! CHEAP....Get a load of THIS one in Aussie..

http://www.carsguide.com.au/cars-for-sale/CG_3323350/used-1996-FERRARI-F512M---Manual-Premium-Unleaded-Coupe-in-SYDNEY,-NSW-2000.html

No affiliation,BTW.

 

Yes high price, but a rather rare car.

 

That is pretty surprising. Thanks for the data point.

 

Not surprising to me that they are starting to creep up. The last two F512M's that I know of that changed hands both almost sold for $400,000…

 

Yeah keep in mind that's 400k Aussie dollars, about 340k american dollars.

 

Not sure if you are refering to my post or not. But my prices were US dollars. One was $390,000 and the other was $375,000. Both within the past few months. Both were 95's with low mileage, and in beautiful condition with full service history. Not sure if the owners are on here or not, so I will not say more.

 

I like how you think and I agree with you.

 

No, I was defending that link to the Aussie website above.

 

And there maybe other sales north of 400K that were not exposed to the public eyes. This we will never know for sure but very possible.

 

This Aussie car could be breaking new ground....how you ask? Well, the really BIG money 512m's have all been US spec "1 of 75", as compared to Euro 512m's (500 made), which are virtually the same car, except for the little metal "# tag". So, is this Aussie car a " 1 of 75" that now lives down-under, or is it a Euro-spec? 512m's in Euro are listed MUCH lower than the US numbered series.

That is where the mania creeps in..."1 of 75"....when really, it is not, unless one specifies US market (N.A.) car. Would be great to hear commentary on what really IS the difference between the two subsets of M's. US market vs European delivery.

Jack

 

75 USA cars, 426 ROW cars.

Basically the same thing minus minor changes required for our regulations like some lighting changes, and different seatbelts. There also is (thinking due to stricter emmisions) a slight difference in power, 432 vs 440.

The dash plaque on the USA cars is nothing special, and hidden behind the radio cover. In essense the USA and ROW cars are 95% the same.

USA cars are trending towards $400,000 for a good one, haven't checked on ROW pricing as of late, but I know of one that sold for over $300,000 a few months ago...

Anybody have knowledge of any ROW F512M's for sale now and the asking prices?

 

I am afraid you all got lost here ...

The Q of this topic was imo: Is this really the market for a relatively low mileage 1993 512TR?

 

IMO.
TEXTBOOK..scenario here..All part of the process as a model escalates in value.
Time between auctions is the single greatest factor in locating a value.

At the next auction a not as pretty car will all of the sudden be a value at 225 g's and so on.
Not selling actually helps the market advance.

This was my exact discussion with Tom Papadopoulous this past summer..a no sell is as important as a sell..in setting the market value

The F40 completed production in 92' and the f50 was in production in 95.
The 512TR was right there in the Middle of it.
So why not follow suit.

 

Sub 10k mileage makes for some funny numbers sometimes.

As a counter data point, this 33k mile car (http://www.ferrarichat.com/forum/ferraris/468715-sale-1993-ferrari-512tr-white-black-fresh-major-service-just-done.html) has been on eBay at $160k for quite a while now, so it seems that the "market" price on a more pedestrian 512TR is still comfortably below $200k

 

IMO - Hysteria...but it is possibly (I am a skeptic) of a strong indication of upward push or a possibly just a shill scam to run through a few auctions with $200k+ "no sale" bids to pump the market perception before an actual spring sale. Good question is if anyone who was actually there see the bidders/bidding?

 

Agreed. I can post my F512M at $500K at any time I want but it should based on the most recent "sold" price. The F512M recent two transactions in US mentioned by JohnAbrams are valid ...

 

I just got a ROW - 8910KM over $350K on the road in Canada , (25% on top of the purchase price : taxes , shipping etc) . I think because of the 25 years rule in US that make the price difference, 5 more years - ROW may be at PAR with US ones (Just a guess - may be not , because supply will be more in US that makes both side down ?? )

 

This guy is giving IAG a run for the Money..8 TR's now



Exotic Motorcars | Exotic Motors Midwest | Ferrari, Lamborghini, Porsche, Bentley, Aston Martin, Mercedes-Benz, Audi

 

Wayne Carini of Chasing Classic Cars had a car up for its second auction and on the show he shared his concerns. He feared that if the car did not sell after a couple of auctions it would become 'tainted'. As I recall, the car was a '31 Chrysler.

If it is a scam, it may backfire on the owner... I'd suggest that the owner just expects more $ for the car. I'd bet he'll get it.

Rgds,
Vincenzo

 

Doesn't sound like a Shill, but a shaping strategy could work equally as well - just takes some news of where the last price was to set a new baseline expectation for the next auction and if the buyer(s) are in play at that price point they will be back and possibly ready to pay. I agree with the "tainted" comment as you can only have a vehicle out there a few times...but that's all it takes to get the buzz.

Assuming the same buyer(s) in play just have to have a Yellow 512TR, it can sell for a nice price given the rarity of the car and color combo. There are guys with a garage full of yellow cars or yellow Ferrari's and just have to have in that color to complete their collection.