Collector Ferraris

Just like everything else prices can go up and down so there are no guarantees and right now whilst I don't know if you can get an old V12 for under a million the Enzo & F40 are outside your budget

 

The white F40 came from Japan to the UK, Macari have only recently put it up for sale, I think the price is that low due to the LM style modifications.

Lots of photos on the net of it, I wonder if it had damage hence the mods and asking price.

 

Truth is that we don't just buy Ferrari's cause we think that the price might go up at a later date, we buy them cause we love them and want a particular model (in most cases). So George which model do you really want? Do you love and appreciate the marque?

 

THIS.

 

That 250 is a reproduction and not very well made.
If you want a 250, you should look into a PF coupe as i think they are the last 250s that are still under the $1m mark. They have risen fast over the past year. From $400k to $800k+.

Daytonas should be looked at also..They are amazing cars. Truly amazing to drive and look at and can be found for $8/900k for the best ones.

 

I'm in the don't put your eggs in one basket camp.
If I had a $1m to spend right now, I would buy, in year order (years approximate)

1975 - 1977 308 GTB Fiberglass dry sump euro
1976 - 1984 512BB or 512 BBi
2002 - 2005 575M Maranello - stick shift
2008 - 2009 430 scuderia

This would get you 4 great cars, none of which are depreciating. They will only go down if the broader market goes down. You have a mix of carb and fuel injected cars, stick and 1 flappy paddle and they are all fun to drive and use. With current values you would probably have a couple of hundred thousand left over which you could use to buy a modern car as a daily driver, pick of the day for $200k? probably the FF.

PS this answer is for someone that loves cars and loves Ferraris and dreams of nothing but owning and driving Ferraris. I kind of ignored the "art" part of your question as I don't know how to answer that, it is all art to me.

 

Some bet on these as an appreciating asset class. As far as I'm concerned, buy and use them how you like. There are people who put these cars in their living rooms. Their choice, I suppose. Arguably, they're enthusiastic about the marque, too, and their investing activity may benefit other owners if/as they push prices up.

CW

 

That sounds like advice I wish I could take : problem solved for OP !

 

I would have a 365 GT4/BB. They are rarer, purer and look better. But more $$. Nice ones are closing $500k if you can find one.

The BBi sounds OK stock, but if you really want a nice sound there are ways to unleash the true sound of the 12 cyl. All revertible.

 

if what you want is make money buy these:

365GT4/b
Challenge Stradale
550 Maranello
Daytona

Not sure how much is left over after that (Don't know the US market well), if there is some left over get maybe a 430 Scuderia.

Drive them all and you get lots of enjoyment out of it too.

 

Daytonas are easily $800k and more. So there wont be much left...Not enough for a 365 BB for sure. A Daytona and a Stradale might be the perfect pairing but im not sure the Stradale will continue to go up. They are already nearing $200k or more for the best ones.

 

well it's carbs vs fuel injection. carbs sound better at the margin but I think those engines can be prone to flooding if they are not set up properly. Some say the engine was pretty advanced for carbs and that injection suited it better. I don't know, from a collectabilty standpoint, carbs probably more collectible at the margin as it was the last carb car, but having the first fuel injected car is cool too.
if you like the triple lights/exhaust styling of the 365bb that is the most collectible, it's the rarest of the 3 (365 - 387 cars, 512bb - 929, 512 bbi 1,007) but as was accuately pointed out the 365 is already twice the price.

 

All the value/appreciation threads/posts have really started detracting from the experience on this site. Seems like every third post about any limited edition car or any pre 1990 car is about its current market value and appreciation potential. Bubble much?


P.S. No offense meant to anyone expressing their thoughtful opinion.

 

But you are on a thread that is about value and how to allocate $$$. I have found that most threads don't mention cost or value.

Bubble? Maybe - we'll find out soon enough with the upcoming auctions ...

 

I was of course exaggerating a bit.
The upcoming auctions will be stellar, too much cheap money still floating around.

 

am hearing lots of pre qualified buyers for the GTO, if that goes off with a big number, should set the tone, in which case music probably keeps going for at least another year (barring some geo political armageddon)

 

I do not for a second doubt what you are hearing, and fully believe that the GTO will set a new record. The market still has legs.
My only gripe is with people who have started drinking the cool aid and pontificating on how this time is different.......

 

ha ha, well it's pretty easy to get distracted into conversations about value as we are finding. I don't entierly disagree with those that say it's different (maybe I have drunk the coolaid too) but there is very little leverage and the big cars are going to properly wealthy people who will not be selling for a long while ...

 

hi george.
just a simple question.....have you ever driven any of these cars? have you driven any ferraris at all? how about porsches?

i know you came to this site for advice and help, and that is what we are good at doing. but its usually easier to do this if you have informed yourself a little bit prior to coming to us. so far you dont sound like you know all that much about any of these cars, and although you apparently have the money, you need to know what you are getting yourself into.

frankly i am quite concerned about you getting behind the wheel of the f12 !

please tell me i am full of ****.

 

I agree with all who stated that you should actually drive some of the cars that you are talking about. No disrespect to the "vintage" owners (or your desire to become one), but you should get behind the wheel of a 250 PF Coupe or whatever (or even ride shotgun) before spending your money. An F40 may be iconic and very valuable, but is it a good a driver (your type of driver) for that occasional nice Sunday drive ? Maybe it is, maybe its not. May I make an alternative suggestion ? I recently traded in my 2 year old 458 Italia for a 599GTO. I strongly recommend that you take a ride in a 599GTO. The 599GTO will run the same amount as your F12 (give or take a few bucks) but is IMHO much more fun and visceral than the F12. The 599GTO engine bark is also surreal. Yeah its that good. Plus the 599 GTO is also much more collectable than the F12 due to very limited production numbers. If I were going to choose modern (not vintage) future collectables I'd strongly consider these limited production number 12 cylinder cars: a 599GTO (599 or so made), 575 Superamerica (559 or so made)and a 550 Barchetta (448 or so made). You can buy all 3 for about $1M (give or take a few bucks) and nobody would ever doubt that you have 3 great F cars that happen to be future "collectables". If you had to spend $1M on a vintage car that was going to be a garage queen I'd seriously look at a platinum condition Daytona. You can't go wrong with a Daytona in superb condition.