F40 80782

never-ending story, "immense interest", major video shoot, advertising all over social media and every car blog and Facebook page. Now up with no reserve on auction again:

https://www.barrett-jackson.com/Events/Event/Details/1989-FERRARI-F40-265451

1.) What do you think it the market value of the car as it is?

2.) What do you think it will sell for?

 

the market has gone so far now that i would not be surprised if even a beater f40 like this doesnt clear $2 mil

 

I was seriously interested in this car and set a realistic target of $1.775m to buy it.

Then after I spoke with the seller’s agent who turned out to be the same as the owner. I just didn’t bother as their numbers were just dumb!

“We have multiple offers in excess of $3m and it is a sealed bid”

Yeah yeah!

Good luck with that!


May the Horse be with you

 

very interesting

 

given what we have seen, you might as well submit your sealed bid. whats the worst that can happen?

 

I am sending you a private msg...

 

This is very true!

 

very interesting facts about the value and the possible ranking/rating consequences for a possible new owner:

https://supercarblondie.com/supercars/ferrari-f40-competizione-custom-made-auction/

What is your opinion?

 

Here's 107130 for 107130......

Marcel Massini

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Thank you Marcel, yes obviously we know #107130 in and out but the post was in regards of #80782

what is your opinion about that F40?

basically we all agree that all kinds of mods hurt the value of a car and the best thing the last or current owner could have done is either keep it as it was ( yellow ) or bring it back to factory specifications and rosso Corsa and apply for Classiche then ( this would have to involve matching numbers which I am not sure if this is a given on this unit ). However an Audi color, tons of mods and a new interior doesn’t make an F40 very attractive for collectors.

Would be a pleasure to hear your thoughts

 

I would not call that article full of facts!

 

for sure this article does not come from a source that is well known for value expertise and a car historian, I was very surprised to see that, tbh.
However, she ( or her content creator / writer ) asks the right questions that you do not hear in 99% of other publishing..,

 

https://www.autosport.com/general/news/1million-ferrari-f40-leads-autosport-international-coys-auction-4988160/4988160/

Does anybody know the lot number or has an auction catalog to find out if the car sold at for which price / what was the highest bid and description of the car?
Looks to me like 2018 auction failed, and the tried it again in 2019

What are your thoughts?
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https://www.flickr.com/photos/mechanicman87/48024180083

 

Lot 138.
Est. £800,000 - 1,000,000
Sold for £957,500

https://www.glenmarch.com/auction-cars/show-backup-image/37349/results

 

thank you very much! That is very interesting and very helpful

 

I think, that the car has too many mods. Lot of them are not easy to remove. (Alloy floor panels, front hood, center console, dashboard, instruments, engine bay waste gates, fuel cell in front, wrong color etc.)
My car has some mods also. But only the brakes, shocks , rims and rear wing. I´m not a fan of such heavy mods.
It takes a lot of money to bring it back to its original condition.

 

I know the first sentence is not true.
I believe the second sentence is not true.
The third sentence is true.

RM planned to sell this via private sale last summer, then switched to a sealed bid auction, which did not sell the car. They then advertised it for a few months as a private sale as originally intended. As far as I know, it didn't sell then either and now the same owner is trying Barrett-Jackson. Somebody can correct me if they know differently that the car DID sell the second time around which would make this latest sale an extremely quick flip. I saw the car yesterday and it's no-reserve like nearly all BJ lots so it will sell this time. I bet it won't get bid to whatever it got bid to back in August, just a hunch. If so, a mistake on the owner's part like the BaT/Broad Arrow F40 last summer.

BJ no-reserve seems like an interesting choice after failing to sell through RM but maybe the owner believes he/she needs to appeal to a different crowd, one more excited about hot rods that break originality. Hot rod Italian supercars tend to be controversial among those who collect Italian supercars. Here is a picture I took; the car sits right behind a Carrera GT with a custom candy apple red paintjob.

 

It will make a great yardstick at the other end of the spectrum to the more recent low miles, original cars that have sold. Blu F40 was the last such example to come to market, but highly suspicious bidding.

Previous attempt to sell have clearly been fishing exercises to try and bag a you tuber type with more money than sense.

 

The car was available via RM from a private European owner. The car is now consigned to BJ from a US-based dealer.

 

Thanks. RM deleted the private sale page instead of marking it sold, which led me to believe it wasn’t and each party moved on.

 

Makes you wonder what really happened and is happening?

A car that's been on the market for a year, twice failing to sell, while in front of the whole world... and now for sale at a venue not known for Ferraris (though maybe that's a good thing in the case of this car) and at no reserve?

As the meme goes: "That's a bold strategy"

 

can you verify this information, please?

According to my research, the car did never sell at RM, so this has to be the same owner. If the car really is assigned by
a US dealer I know exactly which dealer this is and then you can consider this whole "smoke and mirrors" exercise as
fraudulent and misleading because while the car maybe was worth 1,7 or 1,8 USD at the time of the RM auction
( someone here recently quoted his offer of 1,75 USD to RM and they refused with "we have offers exceeding 3 Mio USD )
Looks like the people involved tried to find a stupid that will pay 3,x USD for a chassis that has gathered at least 200,000km on
race tracks (!) in over 20 years (!!) , beaten up and freshly resprayed in an Audi color with the main selling proposition that
this is the most powerful (700-1000 hp) F40.

Let that sink in for a moment....

With today's result of the 19k Series 2 ( cat & adjust 1992 ) F40 now at RM selling for 2,15 USD incl. fees
( that is less than 1,8 USD to the owner, correct me if I am wrong ) I bet that the current owner of #80782
might be very unrelaxed currently and we bad guys here are digging even deeper...

Fun fact on top of all that:

Ferrari Dealers in the US told their clients if they add this car to their collection their ranking will fade away...
because highly modified...

a clever person would have done:

300k at Michelotto bring it back to factory spec, and bring it back to rossa corsa, it is a non-cat non-adjust,
one of only around 300 cars, then apply for Classiche.

Result:

You would have a "one of 3xx" non-cat non adjust - the real deal - examples, repainted by Michelotto in its
original Rosso-Corsa, fresh major overhaul and service, fresh Classiche, and a car with- let's call it - intense - race history.

Now you have:

a hot-rod, delivered in rosso corsa, raced 20 years in yellow, now is "Audi" nardo grey and highly modified.

Maybe one lucky guy get will get it this weekend for much less than anyone would have imagined in August,
then bring it back to factory specs and apply for Classiche.

My high bid would be 900k and I assume it will end up in the low to mid 1s

But maybe Liberty Walk will have the winning bid for the car, their new F40 project is breaking Instagram, I guess
a few people in Japan would be happy to order one, but then you need a base car that is "cheap" and the owners
and dealers in Japan believe that the latest auction results reflect the current market value = It will be difficult to
find any cheap or reasonably priced car in Japan, so maybe after red, yellow, and "nardo grey" #80782 might
end up as a base car for a happy Liberty Walk client...

Imagining this scenario, I still vote for = get it cheap, ship it to Michelotto, spend 300-400k and have a real gem
with Classiche that cost you less than 2 Mio USD all in.

 

one of the "minor vehicular collisions" in over 20 years of racing...
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Sorry, don't have time to address this all right now, but I think we're in agreement.

If you know which dealer it is, then you've likely seen him claiming ownership on his social channels. And in that case, the rest all makes sense.