F40 current prices, reminds me of the 90's

Keith Martin of the Sports Car Market declared that at the RM Maranello Auction, Ferraris with Classiche Certification "consistently" brought more money than those without.

Joe
www.joesackey.com

 

Agreed.

Joe
www.joesackey.com

 

Absolutely correct.

In fact to add to Dan360's point about the recent sales being sold by speculators: the last 3 cars I have been involved with have been sold by original/almost original owners who purchased them around $1m and sold them this year for around half that. This applies to one of my own cars.

Joe
www.joesackey.com

 

Exactly.

Joe
www.joesackey.com

 

Dear Comrade joe sackey,

How so very nice it is to see a little controversy permeating the Forum once again. And by the way, my heartiest congratulations to you upon attaining this most exalted of status with regard to the acquisiton of another F-40. Better still, my understanding is that the latest F-40 is an English Lightweight. Not too many are in the fortunate position of possessing a US version and an Englsih version - Woohoo!

No comment, as yet, from RufMD though.

With kind regards,

512 Tea Are

 

By the way, my research as aided by yourself and the archives of Maranello Concessionaires reveals that there are just 78 officially supplied English F40s with only 58 of them in the same catalytic disposition as yours. What amazes me is the fact that out of 78 cars (give or take for a few exports and imports) 43 of them actually got together for the anniversary at Silverstone - thats 55% of the cars in England! The 45% that didnt attend should be ashamed

I need'nt remind you of the fact that in the USA just 7 cars attended the anniversary at Silverstone - just 3%, with a 97% stay-at-home ratio. Trailers must have been unavailable or inoperative that weekend. Oh well.

Joe
www.joesackey.com

 

Dear Comrade joe sackey,

Precisely. And what a glorious day they missed. And it really is quite shameful that the rest of the English F-40 contingent did not turn up. But, we did of course still gain the World Record though

With kind regards,

512 Tea Are

 

Dan I forgot to mention earlier, there have always been one or two F40s for sale at any given time advertised variously between EBay, FML and by one or two dealers.

However, please remember that the private sales that normally go on unheard of are now being shared on these forums by yours truly and others as well, hopefully to everyone's benefit (surely shared actual information is better than the vacuum that existed which I think leads to speculation by those not in the trade).
I think the reporting on FChat makes it seem like more cars are suddenly for sale but my position in the market indicates otherwise as I struggle to find exactly what certain people are looking for. Last week I had 2 F40s available from collectors I know, and this week at least one of them has definately decided against selling and the other is thinking of doing the same. Just food for thought - I know opinions may vary on this one, but thats my position.

Joe
www.joesackey.com

 

BTW, Ive now personally checked this out and Keith Martin's comments (as stated in the October 2007 issue of SCM) are not just his opinion on this issue: they are fact. RM auctions will confirm same.

In his shifting gears Editorial he makes out his un-biased, logical case for the program.

If the Classiche Program is simply a "money making enterprise" as some here have generalized in a cynical over-simplification of the program's raison d'etre, then it sure has a way of giving more than its perfunctory cost back to delighted owners in a fantastic win-win-win situation for Ferrari SpA, the cars and their respective owners.

Joe
www.joesackey.com

 

Joe - your propensity to answer each and every comment ever made in this thread begs the question: Why don't you just start I'mJoeSackeywhohasmorethan oneF40Chat.com and be the undisputed master of your domain where you can swipe away to heart's content at anyone who makes any comment that you can jump on at will, especially regarding selling and holding and values of F40's.

 

It still baffles me why Joe doesn't start his own part of the forum like the other site sponsors. I guess it is better to spam spam spam spam eggs spam spam and spam, because it hasn't got much spam in it. I think you are on to something, Alex.

 

Since when the hell do you decide what I talk about ?

If I decide to discuss a question raised by another poster, and dare to speculate on future prices, does this mean I intend to sell, care to sell, etc etc ?

No it doesn't. My car will stay with me, and I will post on what I think future prices will do, right or wrong.

Talk about arrogance...

 

Trust me, the prospect of you or anyone else getting their grubby mitts on my F40 are zero.

I could honestly not give a rats arse what you think future values will do...your opinion is only designed to serve the purpose of Joe Sackey, not the community at large....I thought we had well established that.

 

Perhaps tangential to the (mis?) direction of this thread, I own many things that I do not intend to sell, yet still have a keen idea the value of.

It can just be curiosity, or it can be keeping tabs on one's financial standing, or it can be that if one is greatly interested in an item, they tend to learn about said item and gain an insight as to what said items is selling for on the open market.

It's silly to suggest market knowledge (and discussion thereof) implies someone aims to secretly sell something they say they won't.

 

Dear comrade joe sackey,

I note with some interest that your old sparring partners are pleased to see your return. Others may yet join the fray. For myself? Well, I think you're the catalyst for this section and whilst you have been on sabbatical have been sorely missed by many, not least 410 SA and RufMD

And as for F-40 prices, well, they are likely to progressively depreciate in value over the coming months. My prediction is that a first class F-40 replete with Classiche Certification will be around $350,000 and the other poorer examples without the Classiche Certification will be much less, say, $310,000. However, this will not matter as no one wants to sell them

With kind regards,

512 Tea Are

 

Nice try Graham. The fish ain't bitin' today bubba

 

Good Afternoon Comrade 410 SA,

It's my wife's fault. I was looking for someone to irritate and she suggested I place a post on here where she thought there would be fish to be caught. It seems this is not the case. Heigh ho

Now where's RufMD today? . . . . . . Probably out with Joe Sackey comparing notes on the cars they never drive And of course Joe's got both a US Heavyweight F-40 and an English Lightweigh F-40

With kind regards,

512 Tea Are the F-40 Prophet and the first to predict that the F-40 is to become a depreciating asset. You read it here first As mentioned previously, it's all okay though as no one wishes to sell theirs

 

I'd be willing to bet a paycheck that this same discussion took place in 1989-1990. There was no internet of course so people would have actually had to sit face to face and be willing to share their (strong) opinions, and they probably wouldn't have the courage to be as nasty.

From a financial standpoint, I see so many of the same economic indicators now that were in play then, but of course this is just my opinion.

From a collectors standpoint, there will always be a finite number of people who want a Super F-Car, or a muscle car, or a woodie wagon, etc. etc. etc. When the people who want one either have one or decide the price is too high, the party will be over.

 

Never happen....if anything, as most have stated they will go up even more....

 

Do you honestly believe this? If so, why? I am curious.

I think that F40's will continue to go up in price. There are only 213 in the US and there are more than that many people who want one. I am not sure they will go bonkers like they did in the late 80's early 90's though..

 

I dono man, Don't forget Usenet groups had been around... surely some of them were worth interesting amounts of money where they could, or did have a F40 en route

As to the second part, more and more are looking to get the "Supercar quad" 288, F40, F50, Enzo... or majority thereof. Collectors don't simply sell the cars for decades, if at all.

 

Guys Guys Guys ....... This is Graham, well known internet cohort of JoeSackeyIHaveMoreThanOneF40, the difference being that Graham has a sense of humor -twisted, English, weird, but a sense of humor nonetheless. He is tweaking your nipples boys, just looking for someone to take the bait

 

Dear Comrade coachi.

The best advice would be to get the Classiche Certification performed poste haste and get yourself ahead of the market. Mine has been surveyed, Joe Sackey has had one of his surveyed; but I am not certain whether this is the Heavyweight US F-40 with moustache or the English Lightweight F-40 without moustache.

With kind regards,

512 Tea Are

 

I thought so but wanted to make sure. It seemed like his tongue was heavily pressed against his cheek.