It’s all about the demographics of the potential buyer market . That’s primarily based on numbers . Unlike say a Bugatti type 35 the Dino 248 was mass produced and there are a of survivors Many if not most carefully restored as you would expect of any 50 yr car - nothing exceptional there except due the value rise period it was worth the “ investment “ . In the U.K. we see the demise of golf clubs , clubs were previously it was dead man’s shoes + a huge joining fee to enter. Those days are gone . Similarly Pheasant shooting, ( £1-2 K a day per gun ) are folding as youngsters coming through just arn’t interested . Car are what you saw as a kid / student , or what your dad had . So as folks drop off the peg the buyer pool shrinks . With that the demand drops along with values as every month deceased estate come on the market . That’s were you are right now . Edit + If you bought in @ 400 K what ever denomination and had 10 yrs of ownership experience…..so be it. When you have passed ( or getting your affairs in order ) and dump it , take a haircut at 250 .So what . I say that flippantly bcz you should have bought it to enjoy regardless of the “maths “ anyhow . Bear in mind inheritance tax for those where it applies .
Many of the Dino selling now have many needs. When the OMGjon Dino comes to BAT result is $300k higher than the needed ones. I think buyers are not looking for project Dino but final complete Dino and they do not see it
Agree. The costs to bring them correct is high and the time involved extensive. Better to just wait for one sorted out. This is the difference between the enthusiast market and the collector market. I think Dino prices have kind of flattened (as has the general market) because to make one into the other is difficult.
But this is so psychologically hard to do, waiting years for a perfect car versus getting a car with some needs (but still drivable) I can buy now.....I will always fall for the siren song of a car I can improve on as the years go by rather than taking a chance by waiting and getting priced out.... That is how I bought a $182k Ford GT instead of the $350k cars I would have had to wait years to afford in 2020. Sometimes I regret it but the reality is I would still not be able to afford the now $500k cars that used to be $350k. And I believe you did the same on your Fiat Dino Spider.
So, I am not a young person anymore. And at a certain age, you just don't give a crap about anything but the things you give a crap about. I always wanted one and I'm spending way more than its worth. I'm enjoying the adventure, and keeping one survivor car from the trash heap or butchery. And I don't care. Because I'm in the enthusiast category, not in investment category. And I think I'm a happier person. My advice to people: Buy a Dino because you love it, not because it might make you some cash. If you break even at the end consider yourself lucky. Then pass it over the next person to enjoy, hopefully in better shape than you received it.
And you didn't wait for a perfect one (at a high price) to come along....that is all I was getting at
Exactly. However I wasn't blind in what I bought. I had a pretty good idea it wasn't a basketcase and could be brought back. Easy get involved in a basketcase with Italian cars of the 60's and 70's. There's always some risk. IMO some really clean cars have all kinds of problems covering it up. A beater might be easier to see what's underneath the pretty paint.
There are so many of the OMGjon Dino has been made but why is so rare to find one at resell? Owners don't want to sell I think....
https://bringatrailer.com/listing/1973-ferrari-dino-246-gts-13/ This looks like a very well preserved, honestly presented GTS. No bidding shenanigans so far.
That's a really nice one. I wonder if the strategy is to get it up before all the Dinos being offered at Monterey in a few weeks.
Don't those usually appear toward the end of most auctions ? I'd say quite obviously, especially with so many consignments coming up, but the big question should be how many will be unsold ? While I don't "follow" Dino or other vintage car markets, per se, I do occasionally (maybe once or twice a year) take a curiosity peek of how many Daytonas are usually available/for sale at any given moment and in past 15-20 years that number has averaged around couple of dozen. Although Dino survival percentage might be less, their production output was far more prolific than Daytona, I wonder if at least 3-4 dozen can be found available at any given time. P.S. I took a brief look at the listing comments and saw a mentioning of an updated "spirited" driving video having been uploaded, but (yet again) failed to find anything resembling such.
True. But the usual perps don't appear to have their fingers in this pie. Broad Arrow especially, not quite sure what outcome is expected?
I would have to agree that over the course of some auctions, there is bidding that looks out of the ordinary. I don’t think that that is limited to BAT, you also seeing in the more traditional auctions, heck even eBay at times. It is hard to know what parts are real or not, but I think that covers everything from cars to cards to art to who knows what.
I've been involved with vintage cars (40+ years and counting) and AFAIK, this phenomenon (of shenanigans & shills) has always been a part of "traditional (exotic/vintage vehicle) auctions" and can't really be that hard to figure out ... ... especially when even a non-educated, casual observer like me was able to, already decades ago.
Figuring it out is one thing, calling them out is another. Anyone who maintains that every Dino auction on BaT is legitimate and above boards is full of it.
