the F40 is undervalued

I understand what you are saying.

This thread titled as such was always going to elicit this sort of outcome.

I'm not one for hypothetical scenarios and opinions where the market is concerned, preferring instead to just let actual sales date speak for itself.

I'm always happy to engage in a discussion on F40 values, and if someone wants to start a neutrally-titled F40 values thread then that would be of value.

 

These threads are always good to revisit a few years later and see what actually happened!

It reminds me of the time I placed a car up for sale in 2014 that was just over 25 years old, my asking price was three times its original list price when new.

The howls of dreamer, chancer etc on a thread about the car over on pistonheads were intense at the time.

That car has now doubled in value yet again for the person who purchased it from me at the time, I do look up the thread now and again and laugh a bit, but also some sadness that I did not keep it.

 

The rubes who don't understand this are at this very moment oooooing and aahhhhing at every high production "cool car" produced in the late 80s, 90s and early 2000s that have low miles. Because let's face it anything somewhat old, with "low miles" is rare and collectible, and certainly worth 4x the value of a driver quality! It's pretty bizarre and funny to watch.

80 grand for an E39 M5?
174 grand for a supra?

Uber low mileage never has meant anything in a normal market. Condition and service history are always king, with low miles giving you a little extra bump. The spread is always minimal. Whenever you see cars like this valued 4x higher due to "low miles" something isn't right. The people who are buying these as "investments" better be prepared to keep these cars for 3 or 4 decades, which is going to involve alot of service bills, storage, insurance etc. Best of luck to them.

 

Was the F40 the fastest or the best at anything in it's day? Any records? Any big wins?

 

First production car to top 200?

 

The LMs won a few races. All three LM/GTE cars out-qualified all the McLaren F1 GTRs at the 1995 24 Hours of LeMans, but of course the F1 ended up winning that (in part due to weather and prototype car attrition). So it's no slouch when it comes to speed...

https://www.racingsportscars.com/results/qualifying/Le_Mans-1995-06-18.html

 

If you own one, of course! If you are buying one they are over priced. These type threads are funny.

 

I have been waiting for almost 11 years for the F40's price to drop to $180K....

 

?? (you might be referring to how many came to the USA...but your point would be the same if you had the proper number of CS' made...its the same ballpark as the F40...which means just that...they were made in similar numbers. But, of course, production numbers are not the same as value, so its just interesting, not more)

 

That's an interesting point. I agree vis a vis CS vs. F40.

The more interesting thing this leads to is the comparison of the CS to the 288GTO. For a moment consider the 288GTO was actually called the 288 Speciale. Is the CS coming from a 360 *that* different than the 288 Speciale vs its "source" car? (I agree with Marcel re the three letters bringing a huge difference of course...but the amount of changes from the base car were pretty significant on the CS and it was built in a separate place/line). This coming from a former CS owner, but one who's dream Ferrari is the 288GTO. To be clear, I am not arguing that CS should have the same value as a 288GTO either in absolute terms nor relative to its "source" car.

Actually, I think its pretty clear to summarize on this matter - rarity (production numbers) matters...but, so too does "the car itself". Which explains why the F40 is worth so much more than the CS despite the same numbers. And the 288GTO is worth far more than a CS despite both being a heavily revised special car sourced/based upon a regular production Ferrari.

 

Right. Which is why I said "crazy dreams".

 

I'm curious how the changing demographics are affecting the market for these cars. I can see younger buyers going for the newer stuff since they have a warranty and require less maintenance. Not to mention it's what's current.

 

and they cant drive stick

 

The F40 is more an evolution of the 288GTO and the GTO Evoluzione, and a darn good one.

 

Owners always think that their cars are worth more than they really worth. This is what my experiense as a seller is showing

The F40 is one of the best cars ever made, but I don't see it to go up in value any further.

 

Give it another 5/10 years ..the 288 GTO was a bit of a sleeper for some time too.

 

Yes, but the 288 is a much rarer car. All cars were much cheaper 10 years ago. In the past several years they have grown too much I guess and actually the bubble softened a little bit in the last year, so I don't think anything, except the really low limited production cars will go any more up in value.

 

These topics are always tautological: the market IS the price, it sets itself and by definition isn’t “wrong.”

 

Are you saying nothing can ever be undervalued? I don’t agree with this at all. There are many reasons why things can be undervalued otherwise things would always stay at that same price.

 

I am.
You are adding the dimension of time.
The value is set by the market at and for that current time.

To say something is “undervalued” is just a euphemistic statement for “I believe this object will be more desirable at some point in the future.”
...but it is still correctly valued for that time.

Splitting hairs I know, but the market can’t “lie.”

 

Of course the market lies and quite a lot. In the collectibles world it lies as much as it has to until someone makes a lie, truth.
The ammount of collectibles that were sold between friends or even the same group of companies for ridiculous prices is not low at all, especially on record prices.
Then the same group happened to have hoarded the exact same collectible before the 'record breaking value' and what was rare now appear out of the bushes.

 

No it doesn't.

The market 'lies' to buyers & sellers who don't want to believe what the market is telling them because that's not what they want to hear based on whatever their agenda or perspective is.

The market is not a matter of buyers or sellers subjective opinions, it is a matter of accumulated statistical data based on sold results.