Unless it was a time capsule car with delivery mileage only (since that appeals to some people) that one is tough to understand. >8^) ER
That PF coupe has an unusual stance in the photo above. It is not normal to be able to see through the car above the rear wheels, and the entire body looks like it is riding high on the suspension. I hope the new owner will adjust it (or R/R the spings and/or shocks) appropriately. It is not unusual to have to rebuild all the Houdailles... Also, I cannot tell with certainty from the photos if it currently has discs or drums. 1233GT is a S1 car and I think it should have the big drums. Forza, David
Might you care to expand on that? While we see some "exuberant" prices achieved at some auctions, for better or worse they have an effect on the market.
1993 Cagiva Moke €19.040 !!! 1956 BMW Isetta 300 €21.280 !!! 1958 Fiat 500 Nuova €33.600 !!! 1962 Mercedes-Benz 190SL Roadster €92.400 1967 Morris Mini Traveller Estate €28.000 1953 Siata Daina Sport Coupé 1800 €173.600 1963 Ferrari 250 GTE €218.400 1955 Lancia Aurelia B24 Spider America €425.600 1964 Ferrari 250 GT Lusso Berlinetta €750.400 1976 Lancia Stratos 'Stradale' €299.600 1965 Aston Martin DB5 Saloon €313.600 1968 Ferrari 330 GTS €851.200 1957 Ferrari 625 TRC Spider €5.040.000 1961 Ferrari 250 GT Series II Cabriolet €638.400 1960 Alfa Romeo Giulietta Sprint Zagato ‘Coda Tonda’ €257.600 1964 Aston Martin DB5 Saloon €358.400 1969 Fiat 500 Mare €33.600 !!! 1963 Autobianchi Bianchina Mare €16.800 !!! Cosidering premiums and VAT is all that logic or crazy... ? Sooner or later someone will get the fingers burnt. Ciao Andrea
I'm looking at the picture of the PF Coupe on my phone, so the resolution isn't all that great. My first reaction was also along the lines of "what the hell??" The odds of the rear inner fenders on both sides missing are slim. Could it be that a tan-colored rag was carelessly left on top of the rear tire that's creating this illusion? KevFla
Of course. I mean that the market will validate the value of a car the day a similar one sells for what the underbidder (if any) wanted to pay. Am I clear? Regards. Cris.-
Hi Vizsla, An example of what happened last Saturday. Chris Evans went directly 1.8M EUR for 0192ET. Does it mean that all the similar cars are worth 2.6M USD? Not at all. It only means that this particular person wanted to be the first to play. If nobody had raised the hand, he might had been able to take the car, being the only player. But then... the magic of the auctions happened and Shelby Myers with a phone in his hand, had to bid against his father Rob. That means RM also wanted to play, and we know the end of the story. These three people played, and so we had the Sunday headlines and the crew of experts talking about the strength of the market and the records achieved. Should I have to write more? Kind regards. Cris.-
Thanks again. I have some idea of how these auctions work and the nature of this peculiar market. Each car is unique and each sale is indicative of what value one person puts on it at a particular point in time. You also have to factor in what value the individual places on a given amount of money versus the value of his time waiting for a similar opportunity to recur. That is largely dependant on his or her assest pool and age. Applying traditional market analysis to such a small sample is imprecise at best. How am I doing? The auction venue adds its own wrinkles. Those I'm less familiar with.
Hi Dave E, it is normal to see thru above the axle. The car has drums, you'll see no booster in the open bonnet shot. john
Gold has been pretty stable after rising for years and reaching 1,500/oz. Auctions are always a bit like a lottery. Sure they might affect the market but you can't compare a particular car to a standard commodity like a precious metal because one 1kg bar of 999/1000 gold is worth as much as another 1kg bar of 999/1000 gold. If you're a seller and lucky enough to have a prospective buyer sitting in the hall or at the phone who absolutely wants your car, kudos. I am sure the seller of #2377 was laughing his ass off after seeing the hammer price and Chris' happy face and subsequent Californias didn't follow suit, their values would rather rise in accordance to other models of the marque. With that being said, the 330 GTS price really baffles me. Is the colour really powerful enough to act as a blender and raise the value of a not particularly rare open Ferrari by such a considerable amount (compared to earlier 330 sales)?
Alex, it's not the color. Same color, two years ago. http://www.rmauctions.com/CarDetails.cfm?SaleCode=MC10&CarID=r196&Currency=EUR john
Seems like a lot for a GTS, but a broker offered me 15% less for my average-condition GTS a few months ago, just as another data point. Too bad I'll never see any of that upside, as it is my all-time favorite Ferrari to use. Many car prices I'm seeing today are not in line with any real sense of value.
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