Dealer musical chairs. Consignor A with F40 92396 at Bonhams in 2023 sold it, to Consignor B, that sold it at Mecum in 2024. Consignor B also bought Enzo 136089 at Gooding in 2022, only to resell at Mecum, to... Consignor A.
I have difficulties understanding dealers paying the huge auction commissions (say 10%) and then having to add their margin (say 5%) to sell profitably (on a $2m car this amounts to $300k). The buyer is swallowing all these non-value-adding cost… it is so inefficient.
very cool! the growth of the enzo has been interesting, I remember when Amari had one for sale at £1m fairly soon after the car was out and people would laugh at the price - naturally they stood firm and it sold!
Sometimes based on the car, the auction house will reduce their commissions. Not sure if this is the case here but that was my experience in the past.
I am experiencing a lot of money looking for great Supercars, last year wasn't a bad year in the stock market and that might be one reason, we've had the best January in a decade, and it isn't over yet. That said, we've seen similarly mileage'd F40s sell for much more. Exactly. Dealers often buy cars on behalf of clients who'd rather remain discreetly behind the scenes, we this for our clients, so it may appear that dealers are trading cars but in fact the car's are transacting on behalf of clients. They are very popular with the younger newly affluent who don't necessarily want to be shifting gears, we recently sold one for almost $5m and we have another with 1,000 miles that wont leave the barn for closer to $6m. Here we are.
86420, the 38th USA F40, production number 03224 in 1990, based in Texas the past 2 decades, requires maintenance, recent to the open market. rmsothebys.com also www.classicdriver.com and elsewhere.
Last year, five F40s were offered (and sold) across Scottsdale and Paris auction weeks. This year, none are being offered! The steady year-over-year increase in F40s at auction is in jeopardy... Image Unavailable, Please Login
I missed this one until now - PCARMARKET is offering 1990 Euro-spec #85711, ending in 2 days. It's been almost 3 years since they offered an F40. 47,332 km/29,411 mi, Swiss-delivered, now coming out of Switzerland from a dealer. Originally a cat/non-adjust car apparently, but currently wearing a cat delete. https://www.pcarmarket.com/auction/1990-ferrari-f40/ Image Unavailable, Please Login
I have ZFFGJ34B000094713 as a late production catalytic Eu F40. In this thread actual sales numbers are what matter, but as regards the asking price, take off 1 million Eu and the price would be market-correct. Not to mention being offered by multiple parties for different amounts.
As ross already mentioned, it bid up to $1,950,000 and did not sell on the basis that the reserve must have been $2,200,000, but for the record it was then withdrawn www.classic.com so perhaps a deal was done, although that isn't confirmed.
#84116 is back, being offered by RM Sotheby's at their upcoming Miami sale. https://rmsothebys.com/en/auctions/mi24/miami/lots/r0117-1990-ferrari-f40/1448383 This car was just sold by RM last year at Monterey for $3,305,000 USD, the standing record for a Euro-spec example at auction. https://rmsothebys.com/en/auctions/mo23/monterey/lots/r0213-1990-ferrari-f40/1382260 Since that sale, the car was driven from 932 km on the odometer to 1,200 km. I wonder what the story is with this turnaround. Photo Robin Adams ©2023 Courtesy of RM Sotheby's Image Unavailable, Please Login
My images of 84116 from when we inspected it 2 owners ago in June of 2023 post Classiche Certification, that's when it had 963 kilometers, uttely original down to the factory blue dots on the wheel spokes, a benchmark preservation example. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
One more of 84116 in the foreground, the car in the background is that of our NFL star client. The reason for the turnaround IMO is simply that these cars have become such investment commodities, especially lower-miles examples. Image Unavailable, Please Login
Just a stupid question - how can it be today "single ownership" if it sold last year ? (the question does not necessarily impact the value or desirability of the car, but it may impact the value of the description...)
"Registered" owners is the standard definition, used by some to blur facts... Like Joe said, he saw the car "2 owners ago in June of 2023", which I interpret to mean the consignor is the cars third owner in 8 months, just none of them have registered / titled the car.
