Sounds like only this one is now to be sold Ferrari 575 MM for sale
I reversed my decision, financed part of the F12 amd kept my 575M. I soon realised I made a mistake, quite relieved. So she is tucked away warm for the Winter. Hope she did not know I nearly let her go Image Unavailable, Please Login
Speedmaster no longer have their Nero/Nero manual (listed at £225k for ages) but they have just listed another early LHD manual in Rosso/Nero. Red calipers (no mention FHP) and badly positioned aftermarket shields. POA on Pistonheads but £210k on their website. Image Unavailable, Please Login
Directionally you are right, money (if you already have money or assets) is cheap so finance is a good option at the moment.
Yes and dealers are very cautious re 'modern classics' which have slid quite a lot last 6 months. Nervous about manual/F1 premium etc. Official dealers cant get head round swapping a 2 year old £310 k F12 for one........love the car happy to sit it out.
Scraggy, Meridien, where you bought your F12, had a 575F1 and a low miles UK RHD 512TR physically in their showroom when I went there to look at another car in January. They are still there. Priced quite strongly, but I am not surprised they are cautious about modern classics.
Precisely - I get almost all my cars there and they will give me liquidity as a result but they were certainly not "keen" on getting long such cars in the Autumn whereas 12 months ago for sure would have snapped it up as they did my 1500 mile 355, a beauty.
Tune-in tomorrow evening from 18:00 CEST to see what bids Bonhams get on the 50,000kms LHD manual that passed at Artcurial. https://www.bonhams.com/auctions/23596/lot/20/
I think medium term these manuals will be $500,000 last of the analogues, N/A, manual gearbox, character etc OR GPS automated EV, legislation etc and be obliterated. I just can't see meddling politicians allowing Ferrari's to roar past automated speed limit abiding cars adding to their risk as they struggle to digest erratic behaviour around them. Maybe some roads will be freestyle or off piste " ! We would then see the next few years as the golden era for exit. Can't see a middle outcome.
2 owners & 50,000kms, recent major service. I don't see much wrong with the car other than it would appear to be a 2002 (not a 2003 as stated) but they say it is factory FHP which should mean it drives well. Comes with a Belgian 'vignette 705' which would appear to mean that it is ready to be registered in Belgium (with no import duty/VAT as it is already EU registered, in Sweden), if they find a local buyer. However, it could end up anywhere and there shouldn't really be much, if any, 'discount' for LHD in my opinion as the LHD market is proportionately larger. The low end of the guide range is €180k which is £160k today. The high bid at Artcurial was €140k but Bonhams may have more bums-on-seats / internet traffic. Let's see!
Guess I am guided by the fact that every Ferrari in UK offered in LHD and RHD the latter commands a premium of say 30%. Thats all. Also UK buyers as we are island hesitate over cars that have been in loads of countries, common on the continent I guess. Not common here due to RHD. You lucky man living in the best country in Europe - Swissies doesn't stand for any nonsense !
Switzerland has a lot going for it but they do tend to overdo certain things and you wouldn't want to be caught speeding above 140km/h (90mp/h) on a country road/alpine pass. A two-year ban would be non-negotiable and if caught for a second time, it would be 10 years and prison for the first 1-4! They can also confiscate your car which is irrational as you might have been your shed or your LaFerrari Aperta. The offence is the same but the penalty? Not so much. If Sterling does fall to parity with the Euro, owners of LHD cars in the UK will be able to ask more for them in Sterling and such cars will start flowing back to Europe as the RHD premium (or LHD discount as I call it) narrows, evaporates or even reverses. https://www.poundsterlinglive.com/eur/5552-gbp-to-eur-parity-forecast-ubs-3454 P.S. Here's one obvious anomaly in UK asking prices... c.£200k for a LHD vs. £150k for its RHD brother... http://www.ferrarichat.com/forum/456-550-575-sponsored-bradan/534397-not-%5Boptimistic-unrealistic%5D%3B-%5Bhgtc%5D-question.html
Live feed now at this link. https://www.bonhams.com/auctions/23596/live/ P.S. video working for me using Chrome (but not with Safari).
You forgot to add the 21% Belgian VAT on the commission.. A retail buyer will have to pay €198,492 ($222k, £178k) Not sure what the seller's commission is but if it was 5% (plus 21% VAT), the seller will have pocketed €157,836 net ($176k, £142k).
How do you know it sold? The result lists it as a no sale. Buyer premium is 15% to which 21% VAT is added. Someday someone will have to explain to me the sense of buying at an auction. Everything sold that evening except the 2.7 Carrera , the Lambo 350 GT and the Maranello.
OK - don't shoot the messenger Watching the live feed it was hammered without indication of it not being enough to pass reserve Furthermore the sold sum was copied and pasted from the Bonhams website shortly after the sale As you observe it is no longer showing as sold
It hammered at €168k. I was convinced that it was a bona fide sale. I wonder what the back story is.
Well I know why the 2.7 carrera did not sell...Bonhams needs to do some more Due Diligence. Maybe the issue was discovered after the sale.
