Barrett Jackson 360 Coupe Prices seem high?

Well, it use to be this was the place to buy a Ferrari, but looks like Thursday, it was the place to sell.

1999 F1 sells for $110,000
https://www.barrett-jackson.com/Events/Event/Details/1999-FERRARI-360-MODENA-F1-227482

2000 F1 sells for $99,000
https://www.barrett-jackson.com/Events/Event/Details/2000-FERRARI-360-MODENA-F1-226549

2003 Fi Spider sells for $96,800

https://www.barrett-jackson.com/Events/Event/Details/2002-FERRARI-360-SPIDER-225043

Friday 2003 Gated 6 Speed Spider $82,500

https://www.barrett-jackson.com/Events/Event/Details/2003-FERRARI-360-SPIDER-226030

 

I personally think the 360 prices are due a correction upwards. They've been too low for a long time...

 

Crazy

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Prices include the buyers commission, which I think is around 8%

 

10% buyer premium and included in the listed sale price

 

Well there ya have it, worse than I thought!

 

those numbers definitely point to a higher trend - if it was one car id say its random but 3 is something

 

Interesting numbers! Thanks for posting those. Some of the variation must be due to mileage and condition. It's unusual for a 2003 Gated to sell for less than a 2000 F1, and a 1999 F1 for $110,000 is pretty remarkable -- there must be something special about that car (although I can't see it on the auction web page).

 

Well I will say Barrett Jackson does not set the market prices, a lot of variables in play there...

 

This 430 price js way high too - maybe someone is seeing value in the 360:430 s finally

https://www.barrett-jackson.com/Archive/Event/Item/2006-FERRARI-F430-F1-226031


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My guess is just a few Ferraris among hundreds of muscle, customs, and classics. Ferrari comes along and unfamiliar other that hey thats a Ferrari and it sells high. And I think I recall they have it listed as being in that range? And with auctions you never know. Will be interesting what the Stradale does. I like the 360. Hard to believe that design is 20 years old.

 

Yes, the 10 free drink tickets and handlers...

 

The 360 is just beautiful, even when stone sober. High on a gut full of alcohol?..it’s irresistible.

That said, they still made 17,000 of them.

 

Listening in to the live auction now ...does he have a speech impediment or what ?

 

These prices don't point to anything other than Forrest's Rule..."stupid is as stupid does".

I watched the six-figure F1 coupe with 20k+ miles go across the block...laughing the entire time.

Everyone should know that auctions for cars with these levels of production and sales activity are not market-setting. This means zero. There are 360's transacted every week in the USA. At prices well below $100k.

 

I voted for you for F-chatter of the year, so you know how highly I regard your knowledge.

But...I cannot agree with you here. 430's are coming down toward 360s...that will keep pressure on 360 prices. I don't think they are too low in the scheme of ferrari prices nor do I foresee any rises in the next few years.

 

430s coming down towards and going below 360 prices is eventually inevitable as they become classics. The 360 is simply older so it will begin to transition from depreciation to appreciation sooner.

 

That auction is all about the excitement. Sensibility goes out the window. Means nothing.

 

Ahh, I don’t think soo.....

 

I’m watching now. What a f’ing scam. Lol. If it’s your dream it’s worth it. But as an outsider....

 

I’m sure the same was said about the mass produced air cooled p cars..... until the trend continued.... time will tell but I like this data!

 

Might not be live but am Argento 360 cab peaked at 75k and was rolled away

 

The 2000 360 selling for $99k is crazy stupid in my opinion. I nearly purchased that 360 a month ago, but it needed a new clutch and has fogged headlights ($10k from Ferrari of Seattle for a pair of new headlight assembly). Just stupid. The asking price was $69,900 and I'm sure I could have bargained them down to mid-$60k. No way that car was worth what buyer paid at auction...put it down to "auction fever".

 

There's a ton of people overpaying for cars at Barrett Jackson daily. The buyers there bid with live emotion...not market based research or facts.

That said, it does swing the other way sometimes. Some cars go for well below what they would resell for even on eBay.

All depends how many drunks there are in the crowd that want it.

 

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Pretty surprises by those prices... same cars would not fetch more than 85k usually. Anything special about them?


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