Selling my 1991 TR at Mecum Harrisburg | FerrariChat

Selling my 1991 TR at Mecum Harrisburg

Discussion in 'Boxers/TR/M' started by HOF Ferrari, Jul 4, 2017.

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  1. HOF Ferrari

    HOF Ferrari Formula 3
    Rossa Subscribed

    Nov 22, 2007
    1,977
    Canton, Ohio
    Full Name:
    AFG
    Love my TR but just don't have time to drive it... What do you think it will bring? I have listed it for the Mecum Harrisburg auction

    26k miles
    recent service (engine out) 2 years ago, less than 1,000 miles
    Red/Tan, red carpets, black dash....rare and looks awesome
    tool kit/ manual/2 keys
    full unused tan luggage set (all 6 pieces)

    What should I expect?
     
  2. Natkingcolebasket69

    Natkingcolebasket69 F1 World Champ

    Just bought an 88. Similar to you. 24k miles service done in September.
    New tyres, brakes, alternators...brown.
    The luggage itself goes from anywhere 2 to 5k.
    My car was selling price at 130k I got it for 100k from a Ferrari dealer.
    I say a 10-20k example gets 115 to 125
    20-30k gets 100-110
    40 more like 90z
    Just check on autotrader they sit and don't sell.
    Of course if you have a classiche one with 3k miles it's different.
    Id say u get 110k would be nice.
    Again mine sat from September till may with a full service done...



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  3. lear60man

    lear60man Formula 3

    May 29, 2004
    1,829
    Los Angeles
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    Christian
    Auctions can be a crap shoot. It could stall out at $80k or hit $140k. The problem is a small target audience unless you have advertised it heavily across multiple platforms.
     
  4. Melvok

    Melvok F1 World Champ
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    Jul 25, 2008
    14,101
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    Mel
    Be realistic, what would you pay yourself ?
     
  5. 302Tim

    302Tim Formula 3

    Jul 2, 2011
    1,182
    Northern California
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    Tim
    Agree with Christian, I've seen some pretty significant gains and losses over the years, depends on the audience that day. Not many exotics in your auction, I suspect the majority of buyers will be muscle car and classic car hopefuls. We hope your car does well, it sure presents nicely in the photos. Best of luck!!
     
  6. raysur

    raysur Formula Junior
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    May 3, 2008
    561
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    Jeff
    Also add a variable like a Florida car vs. California car.
     
  7. Natkingcolebasket69

    Natkingcolebasket69 F1 World Champ



    True.;)


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  8. HOF Ferrari

    HOF Ferrari Formula 3
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    Nov 22, 2007
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    Canton, Ohio
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    Thanks !
     
  9. stardoc

    stardoc Formula Junior

    May 5, 2005
    668
    The big oven
    Full Name:
    K RA
    Mecums in my opinion is not a good venue to sell an Italian 80s classic. I've seen TRs go far below estimated prices at these auctions. As above posts have pointed out, its really more of a classic muscle crowd.
     
  10. HOF Ferrari

    HOF Ferrari Formula 3
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    Nov 22, 2007
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    well, I did put a reserve on it !
     
  11. philS

    philS Formula Junior

    Apr 11, 2008
    290
    Metrowest MA
    Full Name:
    Phil
    A 91 TR sold last year at Barrett Jackson for 67K. Now the same car is on the lot of a local dealer for 120K.
     
  12. Prova85

    Prova85 Formula 3

    Nov 13, 2003
    1,993
    So. Shore MA.
    Full Name:
    Kenny K
    I saw this car at a car show last fall. Guy bought it threw a quick major at it and had been trying to flip it for a while. Not a car worthy of the current asking price IMHO(IIRC asking was $140k when I saw it) and that's why it's still hanging around.
     
  13. Natkingcolebasket69

    Natkingcolebasket69 F1 World Champ



    Not surprised of the price...
    I honestly think that a well sorted out tr with less than 10k will go for max 130
    10-20 for 110-115
    20-30 for 100-110
    30-40 90-95
    40-50 80
    More not sure.
    Just look on autotrader they sit and don't sell...
    The prices above are for a car with major done, comprehensive service history unlike some stuff I see sometimes...in other words a solid car.
    If h look st hagertys they say an average TR with some miles is valued at 88k so there u go... pristine 120k.
    Mine was to me in the middle and paid 100k for it.
    I think prices will stabilize now and maybe start slowly climbing up in a few years.


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  14. HOF Ferrari

    HOF Ferrari Formula 3
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    Nov 22, 2007
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    Well, Mine is in pretty great shape, service done 600 miles ago (2 years), black dash/red carpets, full luggage, If It doesn't sell, I would gladly keep it....guess we'll see...
     
  15. Natkingcolebasket69

    Natkingcolebasket69 F1 World Champ

  16. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,601
    Pittsburgh, PA
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    Matt F
    Just out of curiosity, if it doesn't sell there, what's your total sunk cost?

    Travel, seller's fees, other expenses?

    Matt
     
  17. daveshowey

    daveshowey Karting

    Apr 12, 2013
    216
    Colorado
    Full Name:
    David
    I actually just ran mine yesterday. I have a 1991 black on crema with 42k miles and a service done at 40k miles.

    It was kind of last minute, I sold my 944 Turbo on Thursday and got all excited to run another car.

    The bidding was slow, and stalled at $70k, which would have meant $63k to me so I said NFW.

    Had the bid gone to $85k, I would have thought about it but probably passed.

    Here's a couple links, the lot number was S65.1 if you want to fast forward and watch it. They did have some nice things to say about it.

    https://www.facebook.com/mecumauction/videos/1584937228197292/

    Before anyone tells me they don't "Do" facebook that's the only place it's on.

    https://www.mecum.com/lots/DN0717-303188/1991-ferrari-testarossa/

    Good luck!
     
  18. HOF Ferrari

    HOF Ferrari Formula 3
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    Nov 22, 2007
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    Interesting !
     
  19. HOF Ferrari

    HOF Ferrari Formula 3
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    Nov 22, 2007
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    Mine has 26k miles, and Mecum has been marketing the car since I listed it in April, I am hoping that helps a little.
     
  20. pnorell

    pnorell Formula Junior
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    Mar 24, 2015
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    Los Angeles
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    Peter
    Great car - it hits all the button for the Testarossa market (engine out service, luggage, new tires) - I think it will pull strong money at the auction and someone will take it home
     
  21. HOF Ferrari

    HOF Ferrari Formula 3
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    Nov 22, 2007
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    Thanks....hope your right!
     
  22. lear60man

    lear60man Formula 3

    May 29, 2004
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    Christian
    Wishing you luck from the West Coast. She is a beauty.
     
  23. HOF Ferrari

    HOF Ferrari Formula 3
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    Nov 22, 2007
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  24. daveshowey

    daveshowey Karting

    Apr 12, 2013
    216
    Colorado
    Full Name:
    David
    Wow!! Hammered at $130k!! Way to go dude!!


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