a 512M went for over 420k | FerrariChat

a 512M went for over 420k

Discussion in 'Boxers/TR/M' started by ttforcefed, Apr 24, 2015.

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  1. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    18,772
    last week...cant wait to see the 94 512TRs cross the 400k mark
    :)
     
  2. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,352
    Indian Wells, California
    Full Name:
    Jon
    Exciting. But, what goes up...
     
  3. ozziindaus

    ozziindaus F1 Veteran
    Silver Subscribed

    Aug 16, 2012
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    Detroit
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    Sam
    .....pulls others up with it?
     
  4. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    18,772
    nah all you need to do is hold them for the next 20 to 50 yrs...
     
  5. Melvok

    Melvok F1 World Champ
    Owner Silver Subscribed

    Jul 25, 2008
    14,101
    Amersfoort, The Netherlands, Europe.
    Full Name:
    Mel
    So you can take it with you if youre gone .... :)
     
  6. mambusiness

    mambusiness Rookie

    Apr 22, 2015
    2
    Please photos of this car. 420K?? Great Great. Photosssssss
     
  7. turbo-joe

    turbo-joe F1 Veteran

    Apr 6, 2008
    8,867
    southwest germany and thailand
    Full Name:
    romano schwabel
    in germany not possible, in other european countries I don´t know
    but I remember long time ago a woman was buried in her ferrari in US
    ( if this has been true I don´t know, may be someone knows more? )
     
  8. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    18,772
    don't have pics - was a black car
     
  9. RichP470

    RichP470 Rookie

    Sep 8, 2012
    26
    N California
    Ferrari San Antonio had a 512M with 10,000 miles listed for $550,000 that just sold very quickly.
     
  10. ozziindaus

    ozziindaus F1 Veteran
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    Aug 16, 2012
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    #10 ozziindaus, Apr 25, 2015
    Last edited by a moderator: Sep 7, 2017
    I think that's the new high water mark. The "frenzy phase" (Wave 3) could very much be amongst us since these prices seemed to have doubled over the past year. Maybe it's money flowing/moving from the broad economy (equities/bonds/Real Estate) into cars but I'm not too sure about that yet, at least not at these rates. Equities and Bonds are on a tear but RE is still stagnant in most areas. RE are also hard assets that capital flows into for protection against any anticipated inflation. Additionally, if this was truly an inflation play, then we would also see Bond yields increasing which we don't. This would also be confirmed with the $USD reacting negatively which we also don't.

    At this stage, I can only deduce that these cars are finally being appreciated by a broader market. Well deserved in my opinion but not quite sure on the sustainability if we keep up at this rate. I should also note that a slight pull back (Wave 4) is healthy and should not be viewed negatively.

    PS. as i've mentioned in other posts, the global economy, outside the US, is trying to stave off DEFLATION especially in Europe and China. Deflationary busts are generally good for $USD, Gold (economic uncertainty) and US Bonds but not so good for hard assets such as F512M's due to liquidity drains. I guess we'll have to wait and see what comes out of this latest rally but for now, let the good times roll :).
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  11. Testarossa Lover

    Testarossa Lover F1 Rookie
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    Dec 31, 2006
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    Newport Beach, CA
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    Haig Barsamian
    512m passed the 400K mark while back.
     
  12. alexwagner

    alexwagner Formula Junior

    Aug 31, 2013
    343
    Paris, France
    Full Name:
    Alex Wagner
    Used 1995 Ferrari F512M For Sale | San Antonio TX

    Impeccable example, but at 10.000 miles it's no delivery-mileage time capsule.
     
  13. ozziindaus

    ozziindaus F1 Veteran
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    #13 ozziindaus, Apr 25, 2015
    Last edited by a moderator: Sep 7, 2017
    Could Haggerty be that far off? It would be great to know what comps they use to determine valuation.

    PS. Don't get too worked up over this chart. I doubt anyone was picking up F512M's for around $100k a year ago :p
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  14. OptimusPrime

    OptimusPrime Formula Junior

    May 10, 2011
    284
    Florida
    Full Name:
    Tom
    Her name is Sandra West and she was an oil heiress and Beverly Hills socialite. In 1977 she was burried at Alamo Masonic Cemetary in San Antonio Texas. She asked that her seat be reclined to a comfortable position and that she be dressed in a lacey nightgown. the car is a powder blue Ferrari 330 America. The car and her were placed in a big box and cement covered the sides and top of the box in a 9 foot deep hole.
     
  15. OptimusPrime

    OptimusPrime Formula Junior

    May 10, 2011
    284
    Florida
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    Tom
    Car was a 1964
     
  16. turbo-joe

    turbo-joe F1 Veteran

    Apr 6, 2008
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    romano schwabel
    thank you tom for the information

    it was so long ago that I could not remember all
    getting older and forgotable :)
     
  17. F360-1386

    F360-1386 Formula 3

    Oct 8, 2006
    1,685
    Markham, ON, Canada
    Full Name:
    51216M
    Unbelievable !!! Thanks for the information.
     

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