TR on Mecom sunday

Reserve not met, bidding stopped at 130k.
https://www.mecum.com/lots/AN1116-273061/1988-ferrari-testarossa/

 

WOW
this is one of the last cars with central lock wheels
so who says the prices are going down?

 

Timid non-owners thinking the Ferrari market revolves around Ferrarichat's TR section.

 

I'm an owner and I think they still have room to go down. Prices have gotten hammered since february of this year. And I agree the market does not revolve around this section at all.

 

This car only has 10k miles and couldnt get a bid over $130k. That seems down to me. Before even mentioning the possibility of shill bids...but either way its down.

 

Yeah, they should have taken the $ and ran. I assume the real bidding didn't get that high and if anybody raised their hand... They would have owned it

 

We passed on a 12K mile example a while back at 125K. 91 model.

 

+10% mecum buyer commission that's 143k it got up to.

 

Central lock wheels and flying mirrors are still over $130k. I agree with other posts they are not $200k but they are also not going to be $100k like some recent non-monos

 

And the car you guys passed on did eventually sell to a wholesaler at 125k. That was probably 3 months ago and I bet they will have a hard time retailing it above that number!