First Signs of Price Easing? | FerrariChat

First Signs of Price Easing?

Discussion in 'Vintage Ferrari Market' started by UroTrash, Apr 14, 2008.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. UroTrash

    UroTrash Four Time F1 World Champ
    Consultant Owner

    Jan 20, 2004
    40,469
    Purgatory
    Full Name:
    Clifford Gunboat
    I noticed that for the first time, in like, forever the lower value of the 330GTC in Cavallino's value guide has a DOWN arrow.

    It seems to me that Cavallino is pretty conservative and the market has to make a fairly decisive move before they will put either an "UP" or "DOWN" arrow.

    I do not get FML anymore and I suspect it has better and more current data on market conditions.

    BTW, a bit of easing of 330GTC prices would sure fit in MY long term plans!

    Comments?
     
  2. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,673
    Pittsburgh, PA
    Full Name:
    Matt F
    Two thoughts:

    First, over 11,000 posts is a lot. A whole lot.

    Second, don't expect prices to drop any time soon. When I bought my 330 four years ago, I paid in dollars and now it's "worth" twice as much in dollars. But had I paid in Euros, or in gold, it would be "worth" about the same in Euros, or in gold. I'd say factor in the devaluing dollar first, and then see if there really is any bubble to burst.

    Matt
     
  3. greg512tr

    greg512tr Formula Junior
    Owner

    Feb 19, 2002
    994
    Dallas TX
    Full Name:
    Greg B
    They dropped the lower end of the range by $5k but kept the upper range the same at $300k. Looks more like refining the range rather than a softening as the upper side didn't change.
     
  4. Jack-the-lad

    Jack-the-lad Seven Time F1 World Champ
    Owner Silver Subscribed

    I was about to post the same thing.

    The most recent FML I've seen has NO 330GTCs for sale.

    Jack.
     
  5. tritone

    tritone F1 Veteran
    Silver Subscribed

    Dec 8, 2003
    7,198
    On the Rock
    Full Name:
    James
    False alarm. Just UT engaging in another bout of wishful thinking.

    Tritone


    (JK, Uro...)
     
  6. El Wayne

    El Wayne F1 World Champ
    Staff Member Lifetime Rossa Owner

    Aug 1, 2002
    18,069
    San Marino, CA
    Full Name:
    L. Wayne Ausbrooks
    Doc, if only you knew how these two publications arrive at their figures! For a little clarification, check out this article:

    http://www.ferrarichat.com/velostrada/issues/200507/05Ausbrooks-Market_Guide.htm
     
  7. DAYTONASME

    DAYTONASME Formula Junior

    Jan 12, 2007
    646
    Manchester UK
    Full Name:
    DAYTONASME
    330GTC's seem to be holding up well in Europe - dealers have stock from UK to Spain circa €150k.

    Its the Lusso which has "run out of steam" and now seems to be on a shallow fall.......
     
  8. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
  9. Bryanp

    Bryanp F1 Rookie

    Aug 13, 2002
    3,822
    Santa Fe, NM
    it's been awhile since I took macroeconomics, but wouldn't that result in a perfectly elastic supply curve?? One dollar or one billion dollars, you still can't buy it. . . .
     
  10. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    It would and as the particular model I alluded to was never sold by Ferrari to anyone Cavallino's price quote is even sillier.

    I brought this to their attention but as they don't acknowledge any thing I tell them what can you do?
     
  11. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,368
    Houston, Texas
    Full Name:
    Bubba
    *Napolis ringing phone at the Barnes residence...no answer*

    Nah, 11K posts is nothing! LOL!

    I think we are seeing the sinking dollar in the world markets as well, it'll take more of them (dollars) to get them BACK from overseas, where they have all gone, that's why there's none on the market....

    Actually that's not true, Houston Driver's Source has a nice blue one, I TOLD you about it, Euro, when I saw it over at Franco's last Party!!
     
  12. jsa330

    jsa330 F1 World Champ
    Silver Subscribed

    Oct 31, 2003
    10,046
    75225
    Full Name:
    Scott
    Dr. Uro, you've said in other posts that you have $125K, more-or-less, to spend. Forget an anywhere-near-decent GTC for that $$, anytime soon...or ever.

    Good 330 2+2's and Boxers in that range...quit dreaming, be here now, and go for it.

    I wanted to upgrade to a 330 Interim or Series II to replace my crunched Series I, but lost agreed-value coverage with the wreck. Hagerty will take me back in Oct. '09...maybe I'll look for another 12 then. But, I'm having a blast with the 308 GTS QV, and 25 grand left over from the 330 insurance settlement...maybe won't.
     
  13. UroTrash

    UroTrash Four Time F1 World Champ
    Consultant Owner

    Jan 20, 2004
    40,469
    Purgatory
    Full Name:
    Clifford Gunboat
    When did I say that? Must have been a while back.

    Actually since I bought the Dave M's Dino in January I have nothing to spend.

    But, as soon as I sell a piece of dirt next to the hospital, I should have ~$200k (after taxes; listed for $270k, I'd take $240k, tax basis $120) with 330GTC written all over it. It's just the problem of selling that dirt. :)
     
  14. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,368
    Houston, Texas
    Full Name:
    Bubba
    That's money in the bank, then ......Hospitals ALWAYS expand...LOL!
     
  15. Vintage V12

    Vintage V12 Formula 3

    Aug 11, 2004
    1,451
    I noticed Fantasy has a blue 330 gtc for sale
     
  16. bpu699

    bpu699 F1 World Champ
    Owner Silver Subscribed

    Dec 9, 2003
    17,678
    wisconsin/chicago
    Full Name:
    bo
    I would think if you spread a rumor that you might sell to a competitor... the hospital would buy it up fairly quick :).
     
  17. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    Or to a mortuary. ;>
     
  18. bpu699

    bpu699 F1 World Champ
    Owner Silver Subscribed

    Dec 9, 2003
    17,678
    wisconsin/chicago
    Full Name:
    bo
    Put up a big sign, "Prime office space land...build to suit. Perfect for legal offices/malpractice suite" :) I would say the hospital would buy it within 15 minutes...
     
  19. jsa330

    jsa330 F1 World Champ
    Silver Subscribed

    Oct 31, 2003
    10,046
    75225
    Full Name:
    Scott

    Sorry...wasn't aware of your Dino purchase...have fun!

    You mentioned the $125K a few months ago.

    It sounds like you'll get your GTC after all...hope you do.

    Dirt and bricks do move slowly these days. I've had a nice house up for sale 3 months now, fairly priced...so far, no takers. Very frustrating.
     
  20. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,368
    Houston, Texas
    Full Name:
    Bubba
    $225K with a color change and 141K on the clock.....whew!
     
  21. UroTrash

    UroTrash Four Time F1 World Champ
    Consultant Owner

    Jan 20, 2004
    40,469
    Purgatory
    Full Name:
    Clifford Gunboat
  22. JCR

    JCR F1 World Champ
    Silver Subscribed

    Mar 14, 2005
    10,899
    H-Town, Tejas
    Well, you can't make a cemetary out of it, al least in Texas. There is some law that says cemeteries and hospitals can't be located next to each another.
     
  23. jsa330

    jsa330 F1 World Champ
    Silver Subscribed

    Oct 31, 2003
    10,046
    75225
    Full Name:
    Scott
    Very nice!
     
  24. Texas Forever

    Texas Forever Eight Time F1 World Champ
    BANNED Rossa Subscribed

    Apr 28, 2003
    85,600
    Texas!
    Don't mean to rub salt in an old would, but you coulda been a contender. This car that you pasted on three years ago goes on the block at Keels and Wheels the first weekend in May. If the link doesn't work well, go to the bottom of page five.

    http://www.wwgauctions.com/houston2008.cfm?page=5&pagend=10

    Dale

    PS I think they accept phone bidders.

    PPS They got the wheelbase wrong.
     

Share This Page