MARANELLO 575 MARKET POISED FOR NEXT INCREASE IN THE MARKET

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Back in the good old days of car magazines, and Car Magazine in particular, the readers' letters page was often the first section that I went to, followed by the editorial and then deeper into the regular columnists input.

Online comments on news sites have proved to be unmanageable and it would appear the writing is (finally) on the wall.

 

Looks of valuation opinions proffered in this thread. I'd welcome thoughts from people far smarter than me on what the following F1 575M is worth in today's market!

2002 Blue Pozzi on natural leather interior
Power Daytona seats with blue inserts
Leather shelf
Modular wheels
No shields
Hi fi/NAV options
Capristo exhaust
Red calipers
All books & manuals, tools, covers, keys, etc
3 owner car
12K documented miles
Full service history, perfect condition, etc.

I welcome any input. Best regards to all.

Wolf

 

Greetings Dominic,

Thx for the input. Hope you are well and your back is on the mend.

I am still getting fun drives in - some are even in my new play toy. One word: INSANE!!
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Hope you get a chance to visit Ariel, is in a beautiful part of England.

 

Getting back to Domenic's (Hi, Domenic!) original question, there has been no mention of the fact that there were about 3,100 550s made but only about 2,100 575s. Shouldn't that enter into the valuation equation? I won't be selling my 575 (which I bought from Domenic) anytime soon so it's just curiosity on my part. I'm having far too much fun driving it to care much about the market value. Other than for a small bit when I got a puncture on the 1,900 mile drive home I've enjoyed every second I've owned it. From my admittedly limited experience of how people seem to perceive these cars I think their value is based more on emotion than on technical merit. Granted, they have plenty of the latter but most people seem to be so blinded by the former that relative differences (FHP vs HGTC, etc.) don't seem to matter much. Since the 575s with 3 pedals are so rare they rightfully are an exception. Still, it just seems to me that many buyers/owners of these cars are not terribly concerned about specs or stats; they're interested in status and the satisfaction of having achieved a dream/goal. Speaking for myself, owning a Ferrari has been a dream of mine but not for status, I could care less. As an engineer I really appreciate the technology and capabilities of the car. As a car guy I enjoy exploring those terrific capabilities as often as possible. As someone with relatively good vision I appreciate the sheer beauty and artistry of such a stylish vehicle. Those are the values I care most about. I owned my 1st car for 32 years and sold it because it's value went up so much. I sold it so I could get another, less rare version of the same car, customize it, and drive it without worrying about it's market value. Can't really do that with a Ferrari so I'll be keeping her for a long time.

 

If all the 550s and 575Ms were 3 pedals, the relative rarity of the 575M would matter. Since they are not, it does not matter much unless the 575M is a 3 pedal or something like an HGTC. Right now a garden variety 3 pedal 575M brings more than an F1 HGTC, regardless of the differing merits of the two, and way more than a 550. Never mind about 3 pedal HGTCs, which are off the charts.

Saw a reference in a German ad that said there were only 98 575M HGTCs built. Not sure how much credence to put in that number, but it fits with my initial estimates of around 100 built. 575Ms were slow sellers in the late 2004, early 2005 timeframe, so not too many of them out there.

 

I'm about to put my car into storage for the winter. Found a great place just a couple of miles from home with 24hr access but my plan is to leave it off the road until the spring. Absence makes the heart grow fonder so they say and due the the way things work around here, putting a car off the road means you get a rebate on the taxes paid and a reduced insurance bill so the storage effectively pays for itself. Perhaps it is for this reason that the Swiss market remains relatively long on interesting cars because the holding costs are less than you might think and many sellers hold out for their asking prices even though it can take some time to find a willing buyer.
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Mogulboy, I already put my 550 into storage some weeks ago due to business reasons..... At the actual weather could have been driven it still. But, there has to be a day for a final drive in central Europe for most of us....


Saluti,

Jürgen

 

I really feel for all you owners who cannot drive your V12 12 months out of the year.

Of course, we do have snow on the ground today, but that will not last very long.

 

I skipped to the last page, my question may have been posted.
I owned both a 365 Boxer and a early 512 Boxer. Had both at the same time, sold the 365
I wasn't fond of the Boxer.
My question with all this discussion between the 550 and 575, what has happened between the Boxers price wise ?
I love my 550 !

 

Do you mean besides the fact that Boxer's (especially 365's) are now approaching $500.000 in value?


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Good morning Mogul,
thanks for sharing .. interesting information..
And beautiful picture!!!!
Kind Regards
Fabio

 

Sadly, it's hibernation time for us in the damp, cold north.

Not all of us though..I know a man on this board with a 575 HGTC and a 512TR in a cold land who commutes in one of them them every day, come rain or snow. Respect!

If I were given six months to live, I'd take my 512M (no traction control, high mounted mid engine) out on a slushy day and cane it.

 

It's true that the Boxers in the past year have lagged a long way behind Testa/TR/M and the Maranellos in price increases, though they have gone up, esp the 365. But with a 512M and 575M manual now catching up with/overtaking a 512BBi, some people I know are convinced Boxers are undervalued and will rise. Others say buyers are focussed on more modern classics.

Why didn't you like your Boxers? I have never driven one but always thought they were beautiful.

 

For me, honestly spoken, Boxers are totally undervalued, especially compared to the Testarossa prices. But so are Daytonas..... Some cars have raised in terms of value quiet strongly during the last months, but for me personally would never be a decision between a Testarossa and a Boxer...

So your right Darius, the value of the Boxers should be at least double times of a Testarossa, also regarding production numbers! Earlier Boxers already gone up - for me they are a direct counterpart to earlier Countach's, I expect them to grow up into the same price level. If I would have the money, I would for sure secure myself a carburetted Boxer.


Saluti,

Jürgen

 

If Boxers hit 500 k, 550 should be double that in a few years. The question is do these cars sell based on the attributes or age. I know numbers produced affect all. I think the 550 is a modern 275/GTB4 (I owned and it was a daily driver in 67)based on the WOW factor.

 

Domenic- That Giallo Modena 575M is a really nice one and appears to be a post 52556 model because she shows the 2003 championship on her. Mine just before 52556 only has through the 2002 championship (Nov 03). Not sure I like the yellow trim on the leather, but I could live with it.

 

I have just started a new thread on this subject on which I posted the promotion ad for the January Issue of Octane Magazine. The title of the thread is: Next Month In Octane - Why the 575 is suddenly in demand!
See here the ad as well:
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Glad to see they chose a TDF one for the cover..

I drove so many Vanquishes but just never got them.