Ferrari's as an asset class

2005? That's probably depreciated to almost nuthin'!!

 

The counter view is that some classic have reached prices that are disconnected from all realities; from there they can go any direction.
Between 2014 and 2024, some very valuable cars have seen their values divided by two - which translated in millions lost.

 

+1 agree but many owners have a difficult time accepting this.

 

Examples? I know pre-war cars have lost ground...but you responded that it was happening to Ferraris.

 

Yeah, the junk guy wouldn't even come get it....

 

Many of these comments are very solid and pragmatic ways to view Ferrari ownership. I however cannot believe this discussion has not mentioned what has been happening to the 90s-2010s era Limited and Halo F car market this summer. Special Verions and Halo are selling through at 100% plus gains over the course of JUST THIS YEAR. Look into what’s happening with 458 Speciale Apertas and 430 Scuderia 16Ms…

That being said I have always been a proponent of cars are for driving and enjoying, not buying as an investment. That’s what securities, real estate, and commodities are for. The windfall that is happening to holders of these cars that are going up rapidly is an exception and is not something that you could reasonably expect to replicate. The standard current production cars do exactly what Ferraris always did throughout history, depreciate instantly.

Original poster, my best advice to you is if you buy the right model, spec, condition, mileage you could reasonably expect it to hold its value very well. The carrying and opportunity costs I do not believe you can reasonably expect to recover after being weighed against future appreciation but it has been happening in certain instances.

 

I got it wrong, I have an example between 2017 and 2025: 250 California 1451GT, sold $17,990,000 in 2017 and $9,465,000 in 2025. Public auctions results.
I assume there are many transactions with unpublished results, since it's in nobody (neither sellers nor buyers) interest to publicly disclose reduced prices.
On more common cars, it's easily verified that prices for Daytona's have significantly dropped - taking monetary inflation into account, the results are even worse.

 

Well said. The temptation to buy a stock that has had a recent meteoric rise is always there.

Perhaps even more attractive now due to value adjustments. Rarity and maintainability IMHO are paramount.