the F40 is undervalued

Which is why this is all ********. An F40 is a great car. But this investment crap is a bubble fueled by cheap credit.


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How many F40s went straight from purchase to a storage vault? From what I know, a lot.

If you love the car and have the dough, buy it. But don’t kid yourself about investing. Just enjoy what few have ever had the pleasure of enjoying. Life is short. Death is forever.


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Because the F40 was one of the first Supercars which was subject to investment speculation brought on by rapidly increasing values from 1989 for a few years thereafter, a large number were stored, I'd estimate that more than 10% of the USA production of 211 cars were put away, of course, some of them have since been sold, we've sold several delivery-mileage examples in recent years.

 

i stand by my thought process.
87041 carfax is much cleaner than the paul allen car and 87041 it is a documented 100 pt car in 2021.
91097 carfax is also much cleaner the paul allen car. You said it sold for a record when you sold it, what did it sell for?

 

I’m trying to imagine a conversation of art collectors where the notion of how many owners a Picasso or Still work had would impact the value. Or, baseball card collectors debating how many owners a rookie Mantle or Wagner had instead of the documented condition of said cards. The idea does not compute.

 

Answer me this, if you can. Why is a F40 worth four Daytonas?


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I presume you are not referring to the Daytona SP3 but the Ferrari 365 GTB/4, front engine GT (evolution of the 275 GTB/4).

The F40 visually stands out, nothing else Ferrari ever made looks like an F40, cannot be confused with anything else then or now, 30+ years later.

The F40 was the final car commissioned by Enzo Ferrari.

Current pricing for the 365 GTS/4 is much closer to F40 pricing though...

 

Group Hug!

 

All 3 Carfaxes show the same level of ownership activity over 30 years, that's indisputable.

87041 had paintwork, yet it set the bar.

85596 was sold by us for a record via Private Treaty, I'd never disclose the number to you.

Your thought process is the same as that of the band on the Titanic whilst it was sinking - let's keep playing.

Great question, the fact that it was Enzo's final offering has a lot to do with it.

Exactly.

 

Probably because low ownership is so heavily touted by brokers, dealers, auction houses when a car fits the profile.

 

When the F40 launched I was a 19 yr old car nut, it was like a spaceship compared to everything else at the time, nothing compared to it (The 959 simply looked like a bloated 911), we were in an economic boom so F40s went from something like under £200k new to £1 million next day secondhand, giving it worldwide media attention, even my grannie knew what an F40 was!

The only other car I can think of with similar broad knowledge of its existence by the general public was the Mclaren F1 but it came out in a very different economic climate, was hugely expensive and was a failure given production was stopped at just over 100 examples rather than the 300 plus originally planned.

35 years later most people would know what an F40 was if they saw it, that is the ongoing appeal they have.

 

Don't see the problem as long as those owners used it as Picasso intended ...?

 

1,377 miles USA F40 coming right up https://www.ferrarichat.com/forum/threads/1991-ferrari-f40-1-377-miles-from-new-usa-specification.670933/

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Yet mileage was said to be everything in a car and also not relevant to paintings or baseball cards. All things equal on a car its not arguable that the car closest to delivery ownership matters outside of provenance ownership.

 

Id say this did all the money considering mileage - what a silly estimate to put on it.
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the 512tr number was big

 

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Fiat currencies are trash, sovereigns have too much debt, you better have some good hard assets going forward. Things happen in history. Don’t think we are immune to that with the Dollar. I think that’s still a little ways off but we are pushing limits.

These people don’t operate on credit…… they already have the money so there’s a reason good Ferraris command high dollar amounts. Stash em just in case. There are always wealthy people emerging even in times of calamity. At that point you have something of value and can sell it into whatever tradable currency survives best. I’ve heard the craziest stories of people with 100m lira who decided to stay in cash and 10yr later it was practically worthless. My great great grandfather went through hyperinflation as a rich person and after selling assets into local fiat and sending it stateside it was better off being burned for heat.

Buying a regular old 911 GT3 touring $100k over ask seems like speculation.

 

Bang on the money for a car with 11k, I've bought 2 cars for my friends in the last 2 months and each car was 2.4 GBP... so the market is correct

 

I would say "consistent".

 

Taking it as a price point at $3,135,000 all-in (seller netted high 2ms) for a USA F40 with just over 10k miles, that's a significant $720,000 or almost 20% drop from the $3,855,000 all-in (seller netted mid 3s) which the comparable USA F40 91097 with almost 10k miles brought just 5 months ago.

Speaking to colleagues across the country and worldwide who trade F40s regularly, there's a definite cooling of the market that's happened.

 

Come the revolution they will be back down to £100k soon enough

Waits patiently for bites.........

 

My take on yesterday's auction was that the preponderance of high-value cars sold just minutes after the reserve was taken off.