I hear the three valve versions have a value somewhere between the 2 valvers and the Quattrovalvole.
The single valve 5000 is ultra rare and commands a premium; the only version that outs performs it are the even more rare cinquevalvole 5 valve cars.
Markets cannot climb forever ina liear fashion. We hit a point at Greewich where the Ct came of ageas blue chip. In an y auction all it takes is two buyers and only one car. Once the price hits a certain level more cars come out of the woodwork and we see a settling. Yes given that to properly restore a Ct you need +-200k we can easily see these types of price variations. Collector cars are now what is termed 'tangible assets' so money goes intot his market. But for now China is not going to be abig pull, and once the euro stops devaluing cars will not be ahedge for europeans and expesive. Seems the car market is taking a breather. Certain cars will still grow significantly in value as they become reckognised as blue chip, some blue chip cars will continue to soar (288 Gt0s Macca F1 because the market reindexes cars from time to time. But for now it appears that the 70's/80's italian supercar market is flattening till the next run. Maybe for Cts we saw soem superlative porces because there was one car and a few bidders. maybe dealers will hold stock so buyers are going to have to pay in private sales to get the price, or maybe enough cars have come out of the woodwork that Cts are Qv/Lp500 are 500k +- cars and will stay in that range for a while. A low mileage perfectly preserved car is always going to be 1 of 1 and its value does not directly relate to a restored or moderate mielage car. The CT like the miura though will always appreciate over time, regardless of how thye are to drive for futire generations, a CT like a Miura is pure period art, very few cars cans take thta claim. Yes 60s ferraris are great, and betetr to drive, but their designs meld into one another, beautiful yes, but the basic design theme was repeated enough that there are plently of any theme about. Lambos are different.
Spoken like a true car dealer..... With the low production numbers on the first 4 cars on your price list, more and more of these cars will find GOOD homes, enthusiast homes whom appreciate the cars for what they are. An insane concept (considering the year the Countach was conceived) put into production, without any doubt to become one of the most talked about pieces of automotive art on wheels in the future. I believe Peter K summed it up perfectly in an earlier post, 2m usd before even contemplating a sale, in todays market. I have yet to meet an owner of any of the top 4 cars whom do not share that exact same sentiment. Its not about the money, its about owning a piece of automotive history, the "X-factor). Same has driven classic Ferrari prices through the roof. And we will one day see the same effect on classic Lambo's. I hate the higher prices, the more money they fetch, the fewer enthusiasts there are whom can buy, the enthusiast whom will use it on the road. I remember aiding the purchase of 6 cars 12 years ago, all early cars average price being 30t gbp. And subsequently 6 more for the next 2-3 years until they passed 100t gbp. I only hope and pray that despite the rise in prices over the last 10-15 years, we shall continue to see the cars on the road being used. The only way to appreciate these cars is "IN motion".... And for what its worth, the Tahiti Blue S1 at auction in Arizona was a well bought purchase and a poor sale on behalf of the seller. That car has the potential to be a really nice car in the right hands and hope that next time we see it, it will be back to original spec and running like a dream. I work, live and breath italian art on wheels. I have only one goal, keep the cars on the road. Dust collectors are kindly asked to find help elsewhere. Hans S
i keep my opinion on this market for me this said, i do not think a 5000S or DD is worth more than any 400S and not even on pair simply because there are so few made of 4 liter cars... i had offerts with i could sell my S3 and buy a DD with some 50-100k euro left again they are all nice cars with pros and cons later cars are probably better to use but older are more "collectable" imo and collectable goes usually well with hi prices
Maybe in the DD range there should be a differential between skirted and non skirted cars early dash and later dash cars. There has to be other differences that went on from those years. DD S1 as 5000S bodies with big engine, and DD S2 with updated dash ect, and S3 as skirted cars. Cut it up like that and THERE YOU HAVE IT, rare QV cars. Just a thought.
Emilio, As the owner of an S3 car, I can see your point of view. Note that S3 cars are worth a lot more than used to be, and my numbers (below) even cover the amazing metallic green S3 1121316 which I sold to my client. That was an absolutely top-of-the-tree car, so I think the numbers range is good for now. Obviously, any price guide will exist outside of a few exceptions to the rule. ======================== LP400 - $800,000 to $1,200,000 LP400S S1 - $550,000 to $750,000 LP400S S2 - $400,000 to $600,000 LP400S S3 - $300,000 to $500,000 LP500S - $300,000 to $500,000 LP500QV FI - $250,000 to $450,000 LP500QV DD - $400,000 to $600,000 ANNIVESARIO - $300,000 to $400,000 Image Unavailable, Please Login
it really makes me want to repaint mine in that green.... I even like it better than the light blue. but then I would lose my original paint... that is an impossible cunundrum...
Thank you so much for all your work and dedication to this. Some advice needed. If one were to have moved heaven and earth to get their car insured back in August at peak values, should that insurance be adjusted down to reflect current value, or leave them in place and ready for the next possible swing up?
You are welcome. If the premium difference is insignificant to you, I'd leave well enough alone. After all, coverage was obtained and agreed in good faith at the current values of that period, and a review downwards only need be prompted by the insurer.
Unfortunatly I realize that. . G. Evans told me a long time agothat Red CT are in demand,at least at that time but I dont find that to be the best of colors compared to that green or to the blue you sold. And now buying another countach is a "wallet" experience I can even indulge into. My wife would chop my head this time around.
Joe, i think is also a matter of "rarity" a DD in US is rare in Europe quite a bit less rare that makes a difference in value i think values in Europe are LP400>S1>S2>S3>DD-5000S>anniversary
http://www.ferrarichat.com/forum/143680457-post1.html 6,500 mile red 1989 Countach 25th Anniversary Edition just sold for $350,000. Happens to fall nicely within the range...
Sounds like the right money. And at the same Mecum auction, for $30K more you could have upgraded to a 1969 Yenko Chevy Nova! Some things I will never understand.
im not familiar with the characteristics of each auction - is mecum a good place to sell eyetalian stuff? sounds more like a mopar type crowd
May not be the best venue, though Mecum draws a diverse crowd depending on which auction. I do think the money seemed right on that car. My comment was directed more at why anyone would pay $380K for a Chevy Nova, but to each their own.