150 mile F40 to sell for?

I attended a recent 'open-house' at Boston Sportscars here in MA....they were in the process of tearing-down and rebuilding a brand-new F-40 with approx. 152 miles on the clock. The history of the car was that it was bought as an investment (most all of them were), but unfortunately the original owner passed, and the car was locked-up in legal probate and estate contention for over 15 years. The family was finally able to make claims to the estate, and the car was passed to the siblings who knew nothing regarding the car - a study of the mechanicals by a family-friend mechanic (a smart man) declared the drivetrain to be beyond his abilities, so the vehicle was sold. The new owner was having every nut-and-bolt gone over, but as you can guess, this is a monumental effort - every bit of alumunum on the car had shown some signs of advanced oxidation.

On another wacky note, the owner of BSC, while with FNA, had in-fact performed a warrantee service bulletin on a client's F-40 that was literally walled into the house. The vehicle was INSIDE the house, and could not be moved, so a plane-ride by FNA was needed to perform the service update in the middle of the client's living room where the car was residing.....true story.

 

Very cool

 

Who cares if the US economy is heading downward, an F40 will still hold a high value, which could be bought from somewhere across the globe.


Our Canadian economy is doing very well, maybe Ferrari NA can finally allocate more cars for sale up here if the US economy isn't buying.




Maybe you haven't noticed, but the US economy is not as important as it used to be. China, India and many Middle Eastern countries will surely surpass the US in economic scale.

 

+1

Awesome...thanks for sharing

 

Exactly the point I was making!

 

Note that several F40 LMs have extensive racing history including Le Mans action.

I agree though that F40 values are affected by the car's benchmark & historical significance, just like cartain other extremely valuable Ferraris...

Joe
www.joesackey.com

 

Interesting comments - I generally agree.

Joe
www.joesackey.com

 

Huh? MANY F40's raced....and quite a few did very well.

 

Wrong, it sure is.

Its performance is very, very important in history. As it was the first production car to break 200 MPH. That is a HUGE thing IMO.

 

Interesting, I wonder what someone could actually get the car for....do you know how firm they are? Are there any issues w/ the car? If I recall correctly, it has been forsale since sometime in the summer. Since that time a number of cars of traded hands.

Regards,
Chris

 

I would agree, although it would appear that people are currently paying a 'premium' for cars that have been sorely under-utilized, much to the detriment to the car itself. For normally-aspirated machines, its not too costly to pull them out of hibernation and get them running for what they were built for. But a twin-turbo monster like the F-40, I would expect to see a heafty set of service receipts including a full-engine rebuild to justify spending north of $400K for an EXTRA-low mileage example. If not, someone is paying a premium for the opportunity to spend even-more to render the car safe to drive - a blown turbo intercooler seal at-speed is a VERY bad happening. Unless you're a 'cost-is-no-object' kind of guy with very-deep pockets, I would be hesitant to recommend one of these 'static garage ornaments'.

 

Not just a static garage ornament; one fellow took out a wall and installed his brand new F40 in the living room next to the piano. Yes Joe, a USA version F40 well preserved from stone chips, acid rain and sunlight. However I am not sure if the owner's mechanic made 'house calls'.
CH

 

Yes, he did...see my first post.

 

Well guys just got my F40 today, and have not had time to drive yet! Weather not so good. However I have been in the garage going over it(as one would do- no?) and it really is a fascinating machine! In terms of presence it has very few rivals(I really do not think any other road going F-cars can compare-barring maybe the enzo). I'm afraid my previous CS pales into insignificance next to the F40-however great that car was. So I cannot understand a previous post comparing the CS to the F40 and then relating it to market value.

 

Dear Comrade Stradman,

It is indeed great news that the car is now happily residing within your curtilage. For myself, I have been out Christmas Shopping in the Vulcanesque Behemothic Thaumaturgical Road Burning Dream Machine finishing up at Beaulieu. Indeed, RufMD is possessed of the images. One thing is for certain, and that is . . . . . . . you will never regret acquiring your F-40. And in the fullness of time it will transpire to become one of the best things you've ever done. Bravo!

With kind regards,

512 Tea Are

 

+1 on no regrets, you bought a wonderful keeper...

Graham, the images have successfully traversed cyberspace and I have perused them....wonderful shots !

 

Alex, I posted the pics here....thanks for sharing them Graham, great pics.

http://ferrarichat.com/forum/showthread.php?p=137293402#post137293402

 

Am I to assume the "lightwt" will continue to reside in your abode?