Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550?

;-) guys willing to pay $400k+ for a 575.

not me clearly as my 550 has 33k-ish miles

 

Agreed on the price for an original manual 575 is driven by its rarity.

Agreed that the conversion of a 575 SHOULD only be the value of the conversion....but....this is the Ferrari world (weird things happen).

I've noted I personally prefer the "analogness" of the 550 and the gauges of the 550 vs 575 (with the exception of @tazandjan modification which is the cats pajamas).....but the evolutionary upgrades of the 575 over the 550 generally are great and hard to ignore.

When I was hunting I didn't know if I would be able to find one of the "Alicorn" MSW-550's with the evolutionary upgrades already done so finding a "driver 575" and doing the conversion would have been a great 2nd option.

If my wife's patience, my already maxed out parking problem with my small collection and of course time....allowed.....I'd find a way to do a 575 conversion with the forthcoming EAG kit. I got an enormous amount of satisfaction building my '69 Meyers Manx in the garage from a bare shortened naked VW pan (with help of course) and that level of "intimateness" is one of the things that so intensely drew me to the concept of acquiring/modifying and then owning something special and unique.

On another note....life has been busy and I still intend on doing a quick breakdown of the last Maranello sold a week ago on BaT just haven't had the free time yet to give it the attention it needs. There is a beautiful Rosso Barchetta euro 550 right now that will be interesting to see where it lands.

Love this community -- so much fun. Be safe out there and enjoy the weekend.

 

Post 32
https://www.ferrarichat.com/forum/threads/yellow-tachometer-the-hard-way.237643/page-2#post-143665207

#AlicornStatus #carporn

 

Terry’s tach is a “neck snapper” for me….when I first saw those photos I was….”whoa”!!!

His 575 is very close or the top of my own personal 575 list when I was hunting….carbon….Fabio…..wheels….brake upgrade…..#drool…..

I’ve said it before as well….I think when his is done at EAG @dhalperin13 will have one of the sexiest (in my opinion).

 

I have enjoyed doing these BaT auction breakdowns.....and even more so have enjoyed the forum participants thought/commentary......but since this auction ended.....between traveling for work, family and tax time obligations, i've just been too busy to allocate sufficient time so this one is REALLY late.

This '99 Argento 550 SOLD 3/24/22 by our friend @2HotShoes at what felt like a reasonable number for all parties given the environment?

SOLD for $166,000 on 3/24/22 out of Cary Illinois
1999 550 ZFFZR49A8X0115375 and assembly 32480
+) 51,047 miles (bought by seller in 2015 and he put approx 10k miles on the car)
+) Argento Nurburgring over nero with shields and OEM standard wheels
+) Tubi exhaust, red calipers, JVC head unit, Immobilizer code sheet; standard seats
+) 2021 maintenance included overhauling the steering rack
+) belt service June 2018 with a "buy the seller" amazing binder with receipts back to 2000?
+) Tires date coded from 2012 -- stickies addressed by prior owner
+) noted paint protection film discoloration behind the wheels and driver side wheel paint chip, and what looked like a few small chips on drivers fender.
+) I think this car had Dave @ferraridriver "forever fix" sun visors done
+) 2016 FCA Ohio region award
+) 5 prior owners per carfax
+) 115375
+) https://www.ferrarichat.com/forum/threads/our-550-photo-gallery-for-the-girls.655261/#post-148372836
+) https://bringatrailer.com/listing/1999-ferrari-550-maranello-12/

Looked like a real good/honest presentation. Loved the color combo. Lot to like on this one...again....perhaps a reasonable result given the current market strength.

Next one up is a crowd favorite Rosso Barchetta Euro located in California https://bringatrailer.com/listing/1997-ferrari-550-maranello-19/

 

If you are referring to where the Rosso Barchetta is currently at.....compared to European prices.....then I agree with your statement. Things in the US continue to seem very strong.

I'm really interested to see where that one 550 lands.....very desirable color.....lots of other "non-traditional-US-Ferrari-buyer" foibles.....but this strong market feels like the perfect time for that seller to bring it to market to maximize his situation.

Will be interesting to see what other questions get asked on the auction between now and close.

 

Yesterday was the aforementioned Rosso Barchetta Euro (non-federalized) 1997 550 on BaT......

Reserve Not Met at $121,000......it had the unique color going for it.....like most Euro models it was very light on options (non-existent?).

High/Driver miles, modified, Euro to Japan to Canada to US, registered in South Dakota located in CA.

Simsimma is the BaT handle, not sure if that is one of us here or not.... he is familiar in the BaT commentary and I recall several of his historical comments being "value add".

To me what smelled weird on this one was the specific lack of info.....no reasonable photos of any issues, no reasonable video, no live "on" shot of the gauges. I have to assume that it had a CEL for suspension (modified) and the receipt for belt service seemed real inexpensive to me ($1,200 labor -- is that enough in SoCal? -- and the parts were "customer supplied")?

I didn't want to roast this guy cause it was a super desirable color and the provided photos looked good..... but as you peel back the layers it seems like this was one where he should have let the reserve loose and sold it at the $121k.....BaT is insane....not sure where you sell a car for more? A Euro, non-federalized car with effectively zero history and 53k miles is a tough one?

Car had a "Clifford" fob with truck release (nice to have trunk release) but seller said no standard ferrari fob's which I thought was interesting/weird. Would be perfect for those 430-look integrated key/fobs from @gobble

RNM for $121,000 on 4/13/22 out of Malibu CA on a South Dakota title.
1997 550 ZFFZR49B000108058 and assembly 24880
+) 85,583 kilometers, AKA 53,178 miles purchased by seller in 2019 (I believe in Canada and then imported to the US in 2022)...wonder if it sat for 2 years? Feels like it was an investment purchase in 2019 at a low price and then waited for the 25 year to bring it to the US? Auction noted seller put 4k miles on it so that had to be during the Canadian holding period?
+) Rosso Barchetta over cuoio OEM standard wheels and some noted light leather lifting on dash (from what I saw the seats looked great for 53k miles?
+) Aftermarket (un-named mufflers with OEM included in sale), Japanese market/frequency Pioneer head unit, standard seats, looked pretty if not "no frills".
+) Fortune Auto adjustable coilovers
+) 2022 maintenance included belt service, fuel tank service, standard fluid service and engine mounts (price paid for all work seemed extremely reasonable).
+) Tires date coded from 2019 -- stickies addressed by prior owner
+) 108058
+) https://bringatrailer.com/listing/1997-ferrari-550-maranello-19/

Just for giggles I typed @Niteroi known/prolific BaT commenter and he was value add on the auction....and has been in our subforum historically https://www.ferrarichat.com/forum/threads/beware-of-550-for-sale-in-nj.647857/

I don't know who "3ponies" is on BaT but also liked a few of his comments...

I think this result for us shows what the bottom of the current market for a 550 looks like. Pretty car, thought it would go for more in this market but totally understand why it didn't.

Welcome thoughts.....

 

Agreed with Root on all the above. Just because a car is 25 years old doesn’t mean it will be registerable legally in many areas like CA or even NY state or other smog tested areas. The common work around is known and often discussed in the silver or Rosso private areas.

That car looked nice and heck might be nice but the buyer pool is small for a variety of the listed reasons. The nice thing is (in my mind) that it presented decently with an attractive color and had driver miles so that car is for an enthusiast that doesn’t live in a restrictive area like CA and that isn’t concerned with reselling.

I would think/hope the current owner of that car acquired it at an attractive level and I would have thought $121k before buyer premium would have been enough to let another enthusiast have a turn.

just one guys 2-cents…..