Current Selling Price for the 288/F40/F50

I am on the 355 forum, and now thinking about buying another Ferrari. Something more expensive that will hopefully not go down in value.

Can someone tell me roughly what the 288 GTO, the F40, and the F50 are selling for these days. I can find lots of information from a few years back when I do the search but the market seems to have improved and the prices are higher now.

Thanks for your time.

Rorie

 

Yep, ask Joe. They are not getting any cheaper so start the search now.

 

288 GTOs are prob $1m now for a low mileage and concours car. I dont think you can get a nice car for less than 900k now.

F40s are still around 500k and up to 700k for low mileage cars. You probably can pick a high mileage car (i would say 20k+ miles..not high in absolute but high in US F40's world) for less than 500k.

There are less data on F50s. From what i have seen you can get one from $700k all the way to $1m for a very low mileage car. I think non red cars might fetch a premium over a comparable red car.

Im not a professional but these are what i have seen by following the market.

 

wow, the 288gto are really taking off in $$, more so than i would have thought

F40's seem to linger a bit, but they did make more than 4.5 times as many as the 288gto...the recent import ability from EU to US maybe has had an effect also?

 

I would not have thought that there have been enough 288's publically changing hands to get a firm grasp on the current market value.

F40's are not too hard to place but the F50's are somewhere in the middle.

 

Most change hands privately. If you own a 288 GTO, you are likely to have unsolicited requests to buy it at some point. Generally speaking all the cars I sell were not "for sale" until I popped the question supported by a significant offer.

 

4.5 times f40s than 288? isnt it more like 45 times?

 

I was going to respectfully disagree, but then I spent 5-10 minutes of my time doing some searching. I don't think your numbers are that far off at all.

I'm very surprised buy this. I knew the 288 GTO has been appreciating, but I didn't realize it was that much.

 

That it has. They've doubled in value from 6-7 years ago.

 

I'm glad to see. It's a great Ferrari

 

I sold my 288 GTO less than a year ago. I would be very suprised (and upset) if they were anywhere near a million dollars currently!

 

I am currently buying a GTO. I can send you some tissues if you like?

 

My 288 and Dave's sold within about a week of each other last year and we both got comparable values. If 288s have increased to over a million in less than a year then the market is overheated and I would stay out. $1,000,000 is too much for a GTO. $720,000 to $770,000 was market value a year ago. $250,000 in a year is way too much!

 

I said the same (stay out) when prices were 500,000...and lived to regret it... I sold mine last month and while I didn't get 1m it went for more than you got last year...And I am already thinking of buying another one...
I think 800-850 buys you a nice car, but not a 1000 mile concours winner. There is a huge difference between perfect cars and the rest

 

Hi George, you think they will keep going up?

 

Its a bit more detailed than this. Here are some things to consider:

Even today not all Ferrari 288 GTOs are a million dollars. I specialize in these cars and sell half-a-dozen consistently every year and have done so for the last 5 years or so.

The current range is $750,000 to $1,000,000 plus, so to suggest they have gone up $250,000 in less than one year is not quite accurate and paints less than the full picture. $720 to $770k is too narrow a scope to describe the market last year - last year the market ranged $700k to $900k so Id say the market has gone up $50k on the low end, and $100,000 at the top end, at the most.

I'm confident that whatever you sold for represents a significant uptick compared to whatever you paid, so, it would not be wrong to say that you did very well, regardless of where the market has gone and continues to go.

As George330 suggests, they have gone up incrementally, year-by-year for the last half-a-dozen years, and there is indeed a HUGE range between cars depending on condition and miles.

You'd have to be active within the market to be party to the steady increases that 288 GTO values have shown (resiliently so during the latest recession), and the reason I say this is because I'm sure that 75% of all GTO sales are private transactions. Accordingly, what might seem to you like a sudden increase is actually a number that represents the latest value you have become aware of, without knowing all the steps along the way. You can go back the last 5 years and see the steady increase in values each year.

To answer Amenasce's question bluntly: of course not. At some point numbers will level off and remain so for a period. The latest uptick is more of a correction caused by people who've appreciated the cars for a long time finally taking action and diminishing the supply of cars mostly held by enthusiasts who paid cash and don't have to sell. That describes the ownership landscape well. Lets remember, its the first of the Supercars Series and always will be, a stunningly beautiful car created in relatively rare numbers (compared to the rest of the Series) when Enzo was still firmly at the helm. All of that bodes very well indeed for its future.

Hope this is helpful to anyone with an interest..

 

Someone in England has just paid GBP770,000 for one, translates to US$1.225m

 

Joe – Thank you for your expert commentary. I agree that the market has increased about 50 to 100 thousand dollars over the last year. If memory serves me, Dave’s car was platinum and reached $770,000 at auction last year. Making todays values around $850,000 for an excellent car. If values have reached a million then the market is overheated as I have watched too many commodities appreciate too quickly (more than 20%/year) only to fall suddenly. I purchased my Daytona from a gentleman that paid $600,000 for the car – OUCH! Everyone wants to make a quick buck but someone is always left holding the leftovers. I have been investing in more Ferraris as of late and am becoming concerned of an overheated market. Hearing about plus million dollar 288s is concerning if true! I like a “steady as she goes” market for investment quality Ferraris.

 

Again, we cannot make a blanket statement like this and say "values have reached a million dollars", because that's not accurate in the sense that is does not paint the full picture and can mislead the potential buyer into thinking that no 288 GTO is available to you unless you have $1m to pay.

We can accurately say values range from $750k to $1m++.

The car in the UK had some special circumstances. High-profile car, celebrity owner that meant something to the buyer, multiple interest... it is the high, but that does not mean all GTOs will bring that. We have to take the cars on a car-by-car basis.

I do not share the view that the 288 GTO market is "overheated" because there are a few marginal cars that have not sold simply because buyers are discerning and quite particular about condition & provenances. Today's participants in the market are both very educated and carefully considered, with buyers picking their spots and its all about "which car" rather than any car.

Hope this helps.

 

Nah, just back to '89 levels!

 

Thanks for pointing this out Andrew, I'm aware of the sale of the ex-Noel Edmonds car.

 

kicking this back up because i am hoping to get a better idea of current pricing for an f50. joe, got anything to add to our education today?

 

I think we can find several nice Eu cars at circa 425k GBP on up, and the time to consider one would be before they become flavor-of-the-year. At the moment they are slightly ignored in favor of 288 GTOs, F40s and Enzos.

I am aware of 2 cars that can be bought privately that are interesting ones, and am always happy to help privately. Naturally those who have them absolutely love them, F40 owners included.

 

ok. just checking. thx for that.
what do you think would be a better investment... f50, perfect condition with around 10k km. or a 1970 miura p400s. or a 2002 pagani zonda c12s. they are offered to me at the same price.

 

Difficult to say. Especially with the crystal ball still in the shop!

I think this is one of those choices you make with your heart. The F50 will mean you have an F40 & F50 collection, the Zonda will be a departure, a rare piece to compliment the F40, and the Miura S will mean you have timeless beauty and the best from Lamborghini.

Decisions.