RMAuctions F40 $750K+ | FerrariChat
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RMAuctions F40 $750K+

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by 348lmgt, Nov 9, 2008.

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  1. 348lmgt

    348lmgt Rookie

    Sep 13, 2006
    31
    #1 348lmgt, Nov 9, 2008
    Any info on the reason for the Montery RMA of a 700mile 1990 F40 sold in august
     
  2. DM1

    DM1 Formula 3
    Owner Silver Subscribed

    Nov 9, 2006
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    DM
    #2 DM1, Nov 9, 2008
    Very clean car.
     
  3. 348lmgt

    348lmgt Rookie

    Sep 13, 2006
    31
    #3 348lmgt, Nov 9, 2008
    Clean car? Garage Queen? Been there, bought a 300 mile car in 2000. spent 12K on new tires and gasguests, tubes. Now I've spent $25K for ECUS, Tires, Turbos at Ferrari Dealer. If the market is at $750K for a 1990 F40, what would a car that won all fca awards and cavallino awards?
     
  4. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    #4 joe sackey, Nov 9, 2008
    Last edited: Nov 9, 2008
    The market is not $750k for a 1990 F40. The RM sale was almost 3 months ago, since when a lot has happened to markets worldwide.

    I have sold 1 cars in the last 30 days, and am aware of 2 other transactions. In order to be of assistance to your cause, and that of others, I will not post the numbers here, but will be happy to confirm privately...





    .
     
  5. carsinxs

    carsinxs Formula Junior

    Feb 26, 2007
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    #5 carsinxs, Nov 9, 2008
    This decline in value is not limited to the F40. It is across the board. Anyone tells you different, it's because they "got one" to peddle. "NO SALE" at auctions proves nothing-"SOLD" does.
     
  6. Steve

    Steve Formula Junior

    Nov 1, 2003
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    Steve Jenkins
    #6 Steve, Nov 9, 2008
    If you're willing to share the info privately, why not publicly? Is it a big secret what specific cars are selling for these days? Any time I buy a car, I have no shame in telling people what I paid for it. If someone is ashamed of what they paid for a car, then they probably paid the wrong price. :)
     
  7. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    #7 joe sackey, Nov 9, 2008
    Is this news?
     
  8. carsinxs

    carsinxs Formula Junior

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    #8 carsinxs, Nov 10, 2008
    To the mice that follow your tune? YES! : )
     
  9. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    #9 joe sackey, Nov 10, 2008
    Steve I sent you a PM...
     
  10. Kevin2772

    Kevin2772 Formula Junior

    Jul 30, 2006
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    #10 Kevin2772, Nov 10, 2008
    Was this the car that they had at Bentley of Silicon Valley? If so I checked that car out over the summer.
     
  11. 348lmgt

    348lmgt Rookie

    Sep 13, 2006
    31
    #11 348lmgt, Nov 10, 2008
    Joe sackey,

    Give me your best guess on the high end Ferrari market. F50. 275 and F40 seem to keep their values. I''m about to close a deal on 86056 this week at $700K+. Roland Linder concurs.
    Give me a headsup at [email protected] if you think that the market has crashed. The second bidder at RMA is ready to go. The Cream rises to the top.
     
  12. joe sackey

    joe sackey Five Time F1 World Champ

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    #12 joe sackey, Nov 10, 2008
    I dont think the market has crashed. In fact, Ive never said "the market has crashed". Ever.

    I do however think it has adjusted. Ive said that numerous times.

    If you can get "$700k+" for your F40, thats great, and I would advise you to close the deal. Quickly.
     
  13. mjw599

    mjw599 Formula Junior
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    Jul 30, 2008
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    A Chinese Democracy
    #13 mjw599, Nov 12, 2008
    PM sent.
    I respect your years of experience and appreciate your valued advice

     
  14. joe sackey

    joe sackey Five Time F1 World Champ

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    #14 joe sackey, Nov 12, 2008
    PM responded to...
     

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