a 512M went for over 420k

last week...cant wait to see the 94 512TRs cross the 400k mark

 

Exciting. But, what goes up...

 

.....pulls others up with it?

 

nah all you need to do is hold them for the next 20 to 50 yrs...

 

So you can take it with you if youre gone ....

 

Please photos of this car. 420K?? Great Great. Photosssssss

 

in germany not possible, in other european countries I don´t know
but I remember long time ago a woman was buried in her ferrari in US
( if this has been true I don´t know, may be someone knows more? )

 

don't have pics - was a black car

 

Ferrari San Antonio had a 512M with 10,000 miles listed for $550,000 that just sold very quickly.

 

I think that's the new high water mark. The "frenzy phase" (Wave 3) could very much be amongst us since these prices seemed to have doubled over the past year. Maybe it's money flowing/moving from the broad economy (equities/bonds/Real Estate) into cars but I'm not too sure about that yet, at least not at these rates. Equities and Bonds are on a tear but RE is still stagnant in most areas. RE are also hard assets that capital flows into for protection against any anticipated inflation. Additionally, if this was truly an inflation play, then we would also see Bond yields increasing which we don't. This would also be confirmed with the $USD reacting negatively which we also don't.

At this stage, I can only deduce that these cars are finally being appreciated by a broader market. Well deserved in my opinion but not quite sure on the sustainability if we keep up at this rate. I should also note that a slight pull back (Wave 4) is healthy and should not be viewed negatively.

PS. as i've mentioned in other posts, the global economy, outside the US, is trying to stave off DEFLATION especially in Europe and China. Deflationary busts are generally good for $USD, Gold (economic uncertainty) and US Bonds but not so good for hard assets such as F512M's due to liquidity drains. I guess we'll have to wait and see what comes out of this latest rally but for now, let the good times roll .
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512m passed the 400K mark while back.

 

Used 1995 Ferrari F512M For Sale | San Antonio TX

Impeccable example, but at 10.000 miles it's no delivery-mileage time capsule.

 

Could Haggerty be that far off? It would be great to know what comps they use to determine valuation.

PS. Don't get too worked up over this chart. I doubt anyone was picking up F512M's for around $100k a year ago
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Her name is Sandra West and she was an oil heiress and Beverly Hills socialite. In 1977 she was burried at Alamo Masonic Cemetary in San Antonio Texas. She asked that her seat be reclined to a comfortable position and that she be dressed in a lacey nightgown. the car is a powder blue Ferrari 330 America. The car and her were placed in a big box and cement covered the sides and top of the box in a 9 foot deep hole.

 

Car was a 1964

 

thank you tom for the information

it was so long ago that I could not remember all
getting older and forgotable

 

Unbelievable !!! Thanks for the information.