Oh wow, I did not see that coming! Best of luck with the sale and IMHO perfect timing in the strong US market. What car is next on the list?
This car has been for sale for simply years as has been stated previously. All the info relating to the accident damage is wafer thin comprising a few rear parts and some weird front parts which even state they are for a tdf Blu car. There certainly isn’t enough info there to justify the fact that this car had been declared a Cat C write off. The bizarre attempt at concocting a recent service history is at best questionable and likely worse with a hastily written half page letter from an unknown (to the ferrari world) dealership. I recall this car previously being offered for sale on 2 different U.K. sites at huge asking prices. The reason given for those unrealistic prices was that this car was advertised as some kind of limited edition 550, which of course it is not. If ever there was a case of buyer beware, this is it. I would suggest the seller needs to disclose a lot more info to complete the story of this car…
Watched the final moments of this auction with bewilderment. First I was surprised how high the bidding went. Then the auction ended- and it's a no sale! Surely the seller should take the money and run! Image Unavailable, Please Login
It really does make you scratch your head. It will likely be back on Autotrader for £80K again in a week. Still, that's £100K less than when it was first advertised. I think they're smoking crack.
Thanks! I took a 700 mile drive in 1 day last week in the 575. It really reminded me of how great of a car it is to absolutely crush miles in a single sitting. As for what's next ... I am all over the place, including a 70's Trans Am, air cooled 911 turbo and H1 Alpha. But the most realistic contenders are 599 and GEN5 Viper.
Someone should post the VIN of this car as a warning, for anyone Googling in future, if it hasn’t been done already. Those “invoices” were a joke.
Very cool, any of those would be a blast. I would definitely love to see how you would optimize a 599.
Historics Ascot Sale, 25th September 2021 Verde Zeltweg 575M F1 over beige. 11,000 miles. https://www.historics.co.uk/buying/auctions/2021-09-25/cars/ref-103-2004-ferrari-575m-maranello-dg/ I love green cars, I've just ordered my new Porsche in Green. Be interesting to see where this one goes, the 10%+ vat in buyers fees and the same in sellers fees means if the seller is expecting to pocket around £75K after everything is done for his 11,000 mile Maranello someone is going to need to bid between £90k & £100k. I think the spread kills the potential sale of this. Will be watching this one with interest.
That is not a 2004 since it was built in Spring 2003. May have been first registered in 2004, but built nearly a year earlier. Pretty car though. Note no 575M emblem on the rear, and she has the old style exhaust (AN 49458, new exhaust including straight center pipes at AN 51797).
Yes, the "service history" note was laughable. But the parts invoices for the repair were quite extraordinary given what they added up to didn't even begin to account for a cat C. I know very little about auction processes but doesn't the estimate (£68k-£78k) indicate the reserve is somewhere around that mark? I didn't think an auction house would normally allow a reserve above estimate? If so, I think it would be that a potential buyer would be paying around £75k (£68k bid + fees) and not bidding £90k+. I'm not saying it would sell at that anyway, just that I don't think it would need as much as you're suggesting.
That is a difference between US and elsewhere (especially the UK). The year given in UK car listings will be the year of first registration (in this case it was first registered 20 April 2004 - also hence the 04 part of the registration number). US listings only care about the model year and almost never even mention when the vehicle was first registered. UK listings only care about when it was first registered and don't care when it was built.
J- Affirmative, but our model year and the data plate with production date give a lot more information about a Ferrari. When a Ferrari was registered tells you nothing about what updates came with a particular Ferrari. Makes you guys in the UK have to know a lot more about a particular Ferrari than here, where it is pretty much spelled out for you with the help of the data plate and Monroney. 132939 data plate from May 2003. Monroney from 132165, AN 49371. Image Unavailable, Please Login
Historically you're right, however the last few auctions I've watched (not collecting cars but more traditional auctions) on 550's and 575's bids have gone beyond low end estimate and landed about mid way only to end as a "No sale" with the auctioneer saying "nowhere near". At which point you're wondering what the estimate was about. Hence I'm interested to see where this one goes. I get the feeling the estimate is desgined to suck people in and get it run up on the day in all the excitement. I wouldn't be surprised to find there's an £80K reserve on this.
The first thing I look for when looking at any 575 is the AN - I then check your crib sheet of where it falls in the updates. The moment I saw this one started with a 4 instead of a 5 I knew it must have sat around for a while before it was registered. At the time (certainly in the UK) I think these cars didn't sell too well. Recently I've seen a couple go through auction including the original bill of sale which was showing a sizeable discount off new list price. Imagine that these days, getting a discount on a new Ferrari!
I don't think that's entirely true. You know what options the car was ordered with from the window sticker thing (and on recent and current models it is on the option plaque Ferrari now fix to the car during production). But it tells you nothing about the updates. If someone here wanted to know about what updates were on a 575 they'd come to you whether they were in the US, UK or elsewhere.
The car in question was originally a Maranello Demonstrator but I don't know whether that was because it was a cancelled order or something.
Visual clue - no central silencer - https://www.ferrariparts.co.uk/Diagram/Ferrari/575M-Maranello/021-Rear-Exhaust-System
Straight center pipes deleting the cork resonator and changing the mufflers internally to prevent resonance.
What would it take to make this a lovely car to drive? Just the steering ECU or are the springs and anti roll bars key?
It is already a lovely car to drive - it doesn't need anything else (apart from petrol...) - some even prefer the original steering ECU
I was also wondering about this- but there seems to be a real focus on the early/late model distinction.
