Ferrari 365GT 2+2 "Queen Mary" on Beverly Hills (not in Beverly Hills :)

This is another example of "negative equity"? Cost of restoration exceeding the value of the car?

50K for the engine, 40K for the transmission/diff/suspension, 30K interior, paint...anyone's guess...

https://www.beverlyhillscarclub.com/1970-ferrari-365-gt-2-2-c-15725.htm

 

The ex Walt Medlin 12161.
Sold 8/23 in Monterey by RM Sotheby's.

Marcel Massini

 

Was this part of the hurricane-damaged cars? Strange it has ended up for sale in this particular venue...

 

Notorious seller.

 

Your prices are quite a bit off but your point is true for 99.99999% of the cars ever made.

 

You never lose money unless you sell it

 

Note the Fchat classified listing for the 512BB.

 

And that is for a BB, not a 2+2.As nice as many are the 4 seaters have always been the red head step children. And a QM is not going to be a cheap restoration.

 

There will always be those who believe/think something like this is a good entry to Ferrari (or any other vintage car) ownership.
There will always be those who believe/think they can make a "profit" by fixing (& flipping) something like this.
As per old wisdom (paraphrased): "If you think you can't afford a (vintage) Ferrari in great condition, you definitely can't afford a rough one (like this)".

 

Also that car is the color of poop.

 

This just needs a little TLC.

https://www.beverlyhillscarclub.com/1985-aston-martin-lagonda-c-16211.htm

 

Marcel tried to tell us but I didn't even look it up till now. Last year in Monterey at auction it looked like an elephant sat on the roof and caved it in, in the middle. The pictures from BHCC look like they used a Port a Power to push the roof back up and stepped on the price $26,000

That is a big hole that needs to be filled with money.

 

Still has the cigarette lighter!

 

"...Do not miss your opportunity to restore this luxurious Ferrari Grand Tourer that has been with the same owner since 1979 and will be a perfect addition to any collection. For $139,950"

 

Ferrari Grand Tourer that has been LEFT TO ROT with the same owner since 1979 and will

 

12161 in August 2023 in Monterey/CA.

Marcel Massini

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I want to go walk around that yard and see those other cars

 

I hate when that happens

 

Sold for $117,600 last year. Quick flip indeed if it sells but at least they gave a few good kicks to the roof.

 

That is the RM Sotheby's display of the Medlin Ferraris in the backyard of the Portola Plaza hotel, downtown Monterey. Typical "barn find" show, a bit like Hollywood, all made up and faked.
Nothing to do with the old warehouse where the Medlin Ferraris were actually kept in FL and then later in IN.

Marcel Massini

 

It was US$ 123'200 all in.

Marcel Massini

 

In typical BHCC fashion they hosed it down with a power washer and took pictures while still wet.

Sourcing the glass along will be a very expensive undertaking, can they even be found? Any reproductions?

 

That RM display last year in Monterey of this collection was the BEST! The had a local builder friend source all the construction debris for the effect. I'm still ill from missing out on the '56 410 SA that only appeared to suffer bad storage, and an amature redye of the seats. I wonder where the car went?

 

This was a classic case of bidder frenzy. It's going to take years to unload this car.

 

If it still had the beam sitting on it, I'd tow it to cars/coffee just for giggles; it was more interesting that way. Another sad victim of that whole WM saga . . .