I was trying to understand the effect of mileage on pricing. So: - a assume a given 13k km European F50’s market price is €xx. What percentage premium would a similar car fetch over the price of its 13k km sibling? And if it was 2k km? - similarly for a lower-mileage US F50s vs higher-mileage US F50 of similar condition, history, etc. Surely in the past, such premia were witnessed over many models, e.g. F40, GTO, Enzo, and over different periods of time.
An example of the premium can be seen in the ENZO at Joe's recent auction which was 3,885,000 USD all in This was a perfect example, and 3 k in mileage.. Red line have a 13k example which can be brought for 1,950,000 GBP so around 2,600,000 USD.. https://redlinespecialistcars.co.uk/used-cars/ferrari-enzo-3-202111039187090/ There will be lots of variables but this shows around a 50 % premium which I would say would apply to an F50 as well. I have seen this as high as 100 % for incredible 1 off examples thou.
Thank you for that, msn. However we need to recalibrate the UK car to its US equivalent so the difference is only the mileage. Take the Redline Enzo which actually can be had at £1,900,000. That is $2,570,000. Sending it to the US will incur an import duty of 2.5% as well as federalisation charges and transport of, say $200,000. So the car is now landed at $2,800,000 (I leave registration costs out now as it’s state dependent and can be 0% eg Montana) There is a premium of US Enzo’s to Euro ones, say, 10%, so the $2,800,000 becomes $3,080,000 recalibrated to a 13k mile US Enzo. The premium of the 3k mile $3,700,000 Enzo to the 13k mile one ($3,080,000) is 20%
It depends on which market you are in, I would say there is a premium on a Euro car in the Euro area.. I would not buy a US federalised car in the uk.. unless it was at a discount, so the 10 % is not really accountable .. look at the Carrera GT's.. no one in the UK will touch a US car... Euro cars carry a 20 % premium to US cars ( Carrera GT's ) Each market has their on preference.. the 50 % premium is what I have paid for my Ferrari supercars for low milage and provenance, but every one is different.
This pic was taken at the Supercar Supercar event june 1st 2003. I believe at the Gotemba Sports Car Garden. Isn’t this the F50 (106715) that received a liberty walk bodykit ?
I’ve had a v prominent , reputable Uk Supercar dealer (who I’ve bought from in the past ) contact me for what I thought was a social chat … however, during the conversation he started chatting about my Uk Enzo ( 1280 miles ) and my UK F50 ( 10k miles ) and it became obvious that that was the real reason he’d called ….. both are impeccable , classiched , impeccable servicing etc - he apparently has a client wanting both cars - but he was keener on the f50 and offered £2.6Mill on the spot - car not even seen ( subject to due diligence etc) .. naturally I said no , as at this stage in my life the thrill of Al fresco driving is addictive …however , the same way I LOVE people watching , I also love watching market behavior with a macallan in hand - I stick to my comments some posts back that the clean decent 10 k miles F50s in the UK will be £3Mill by the year end …and nothing to stop £5Mill f50s by 2030- 7 years isn’t that long away ….
Hi Jag, great to have such an amazingly low-Mileage Enzo. Hold tight on that one. As to the other, hold even tighter (now and in 2030). The price you got for the f50 recently was fair given 16k km. However, The figure you mentioned for 2030, will come much sooner.
Hi Karim As always , your insight is well placed and based on real world facts and I take note ! Thanks …. And yes my 1280 Miles Uk Enzo is also a keeper… …
Close, for clarification, the car on Sackey & Co https://www.sackeyandco.com/details/2003-ferrari-enzo had 2,922 miles and sold for $3,700,000 net to seller, let's assume the buyer paid $3.8m. These are good extrapolations, but to be really sure what the cars will bring to establish verifiable sales results, give us one of the F50s to auction on our online platform when you are ready and you'll know for sure!
F50 for sale at RM. Ask: £4.5m. Crazy? Wait Mileage: 34k km. Want more? Modified, non-factory, to RHD
https://rmsothebys.com/en/home/private-sales/r5292-1997-ferrari-f50/1210203 Why do they think it's worth so much? Do they think the RHD conversion at PF means anything? A 34k km Red LHD F50 would be $2.0m/$2.5m today no?
Random thoughts: - I think the pricing is optimistic. - For the few that want a RHD car, it is rare, being claimed as it is as 1 of 8. - The conversion was done by Ferrari's own designer/coach-builder so it's seen as Ferrari-sanctioned, after all Pininfarina's badge is on the flanks of every F50. - As cars age, mileage becomes less important.
Could you send an F50 to Pininfarina now and have it converted? Would that be seen as kosher as that one?
You need to watch F50 pricings every 24 hours at the moment. I think the days of any F50 at the prices you mention are long gone. As JS states, these are old cars now, a quarter century old and 34,000kms represents only 1,300km per annum.
One thing to look for is whether the 34k km car has a Warranty and Service book. What makes me wonder is that they mention a Maintenance Certificate booklet but not a Warranty & Service one. Image Unavailable, Please Login The Maintenance Certificate booklet is a £100 document you buy and then put service stamps on if you are missing the original and key Warranty & Service book (which includes delivery details). Image Unavailable, Please Login Image Unavailable, Please Login However, in fairness, if the Warranty & Service book is totally full from stamps then the overflow can go into a Maintenance Certificate book and that might very well be the case here.
For those wishing to import Europe F50s & Enzos, for example Ferrari F50 105095 and Enzo 133022 (previously sold by us) do require USA DOT & EPA compliance to be able to be legally used on the road in the USA, in California the compliance agent who does this work is G & K Automotive https://gnkauto.com/contact/ who have done 4 Enzos in recent times, it takes @ 4 - 6 months and costs @ $250k. Image Unavailable, Please Login
