I posted the f50 sale at $1.56m in this thread for about a minute before I realized my mistake and then deleted it. You must have seen that - my fault - sorry for any confusion.
When cars that are generally considered by those in the know not to be good cars bring amazing results, its troubling.
agreed. but is it because there are not enough good cars to choose from, or is it because the buyers are ill informed? i find it strange for people who have enough money to buy this type of car, do not spend the time and effort to research the target car. what am i missing?
Was it a genuine sale, or bid to the wall to try and get it to reserve, great GBP£ price if it did in fact sell
As always, everything is repairable and for an amount of $$ that F40 sold can be brought up to better standards. It will cost time and money but it is possible. There's talks of 2 in the UK that are with dealers ATM asking for 875K GBP, half the kms and in a better condition.
True, but as Ross points out, you wonder why they didn't wait for a better car, or better still, you wonder why they didn't speak to those in the know, and if they did, you wonder why they paid little heed. As someone who is at the forefront in terms of dealing with these cars (privately), I get the sense that there is *some* money that is in too much of a hurry. That doesn't bode well. That said, its nice to see the cars bringing strong values.
I would suggest that an F40 is so collectable now, that any modifications from standard, greatly reduces a car's value. I have seen a number of cars advertised as modified to LM specs, when really they are non genuine modified standard F40's. Some could even be crashed F40's repaired with non standard parts. Genuine LM cars come in a few variants, and some are totally different from a standard F40 . True LM's were produced in small numbers, and have a racing history.
The ex Violati 1991 Non Cat/Non Adj car with "lightweight" spec sold for 634k gbp including buyer's premium last weekend...I wasn't at the auction but reading between the lines on the description looks like the mileage is uncertain and the car is probably in need of a recommissioning Bonhams : 1991 Ferrari F40 Berlinetta Chassis no. ZFFGJ34B000089460
For those who may be interested, I know of a Eurospec F40 for sale in Australia for about USD 1 mil. Shipping in a sealed container to USA or Europe costs about $5,000 from the last time I did it, and is easy. This car is unmodified, Ferrari Classiche Certified, 1991-2, low kilometers just over 8000kms. Excellent presentation inside and out. If anyone is interested, send me a private message preferably with a private email address, and I will organize direct correspondence with the owner. Just genuine purchasers please.
I was amazed to see such a low price for an F40 considering its previous owner history and unique interior feature.. So should I think mileage is still a major factor then? Joe, your opinion would be greatly appreciated, thanks!
The Violati car needs a bit of work. A pal of mine just turned down £800,000 from an authorised dealer here in the UK for his 1,300 km example. Paul
look here: http://www.ferrarichat.com/forum/288gto-f40-f50-enzo-laferrari/454494-kidston-f40-us-spec.html not highly recommended
I once received a call from a gentleman who proceeded to tell me that he had heard I had sold an F40 for a record sum. I asked what the number was that he had heard. It turned out that I had in fact sold the F40 for @ $400k less than he had heard. Do you have a chassis number for us, to support this claim?
I think so. Pay no attention, recent sales http://joesackey.com/?page_id=33 are nowhere close to that, much as F40 owners will obviously want them to be