Really? Come on now, I'm sure you can think of at least ONE thing that turns you on more. I know I can
Hehehe... Unfortunately, at age 68, I may still get turned on by other things, but I can actually still indulge my passion for cars... ;-) Gordon
This 93 Beauty with 8k miles sold at Bonhams yesterday at $200,200 including buyers premium. I felt there was more bidding between two when the auctioneer abruptly hammered it done without warning. One of the bidders was shaking his head. Don't know the real story just my perception. Image Unavailable, Please Login
If you're lucky and you're the high bidder when the auctioneer short gavels it which sounds like the case here.
Hard to pin prices. Mecum prices for Ferrari's was abysmal. I am in the market for a 512TR and made a few offers at my price range about 6 weeks ago and all said I was a way below the market. Oddly enough, I got calls back from two dealers this week. Now I am thinking run away!
That is way off peak price's. So one with say 15-20K miles is worth 110-150Kish. Dealers that have held must be nervous. I love the 512 TR have owned 2, I'm glad they are worth much less now so true enthusiasts can buy and enjoy them again.
I think we know the market right now for TRs is not $50k and it is not $200k. $110-150k seems like the range for all those except the super rare.
I have been in the market at around $185K for a 512TR. I have been offered one with under 20k miles for $190k but service not included. The ask is $230k. I almost bought one around 4 years ago when they were trading in the $75k-$100k range. Even at $190k there is a lot of downside if things go south. Very tough to decide.
If you intend to flip the car in a year or two.... yes, you may lose money. Maybe not. If you intend a long term ownership, it is doubtful you will lose money. With the Trump trade wars and his desire to weaken the USD - personally, I doubt you will ever lose money (barring 'calamity'). Cheers, Vincenzo
I just bought a 20,000 mile classiche certified fairly pristine 1987 for $140,000. (Literally today) Cars priced much higher seem to be just sitting and I certainly did not see any that justified the premium. Cars I saw below $130,000 had cosmetic issues that many might be able to live with. Usually the interiors or engine bay had issues. Gordon
Nice purchase Gordon. I know you looked at every one you could find on and off market. I think that is a good buy price.
Right on the money! I think you'll see all classics on the rise as an inflation hedge. Gold has really spiked. I've been a buyer and rode the downward trend in late December. I was trying to get all I could in before the lead up to the inauguration. Shamile Freeze. . . Miami Vice! Sent from my SAMSUNG-SM-G900A using Tapatalk
Congratulations! A big "Freeze. . . Miami Vice! " out to you! .....please leave your socks at home Shamile Freeze. . . Miami Vice! Sent from my SAMSUNG-SM-G900A using Tapatalk
I really did. I wanted an 87 for the wheels, which narrowed my search a lot. We old preppies never wear socks... G
I have a second set of 16" wheels with many tire options for driving to go with the 240 (fronts) and 280 (rears) for concours shows.
