Bro, I am now so sick from all this travel. I have been to three of the four corners of the country in the last 10 days and I'm run down and sick. I don't think I will be well enough to travel by cavallino time. We might need to reschedule.
Even Joe thought that this car will go for more than the hammered price a few weeks ago. Besides the cosmetic issues, is it just an off day for RM or is there something else more to this car?
Why in the world would you think it was an off day for RM. I was there as a registered bidder and there were many big guns in the room. They were getting great numbers. $2.275m hammer on a lusso? $180k hammer on a 911 targa? $8m hammer on a LWB cal spyder? Again, I think that was above market on the F40. I think RM overacheived on this particular car. I'm not sure why it's so hard for you to believe. Lastly, I think that all of the Ferrari Supercars will correct downward at some point in the next 2 years. Some of these prices are crazy.
Let me clarify: I think that there will be a correction downwards but it won't be for that long. And when they swing upwards again, that won't be for all that long. That's just how it goes. No one knows the whats, whens or wheres. It's only hunches. What's not up for debate is how amazing, beautiful, and thrilling the F40 is. I can't blame anyone for paying whatever they pay for an F40. They are just such good cars with a very finite amount available.
ok, I cant resist...I know why it didn't sell for 1.3.... its a 1990! duh...they were still learning how to make them...by 1992 they were bored and had to flush them out...so the 91s are worth the most...
Supposedly the car is far from the best example and has some serious needs. So it sold for 935k inc buyers premium. Not too shabby for a car that needs 200k or so... Seems to me this supports your 1.2 - 1.3 number. As to values- who knows where they will go. I do know this: they are not making anymore F40s.
i think the next relevant factor in price will be the laf secondary market...if it flies, the other supercars will go along for the ride...
A Corvette went for 3 mil plus the other day. Hardtop, (non-split window). Apparently it was one of those "special edition only 4 made " etc... etc... Which actually means, it's just a trim package experiment. That is a bubble. The F40 is going to be un-buyable in the near future. We may see the up and down of it in this cycle, (I doubt it) but the car will be a multiple 8 figure car. Look at the velocity of it's recent increase in value. It doesn't matter which one you have, whether it was owned by a madman who used it a 4x4 over rough roads in europe without so much as changing its oil ever or the sub 5K mile original car in a climate controlled castle, they are all blue chip grade investment infact the car is by far the best blue chip investment in the world right now without being on the inside. No question.
That's debatable. Perhaps I can be forgiven for suggesting that you sound very much like an F40 owner, and if so, that's understandable. Since we are in the Supercar section, and since the "i" word (investment) is being used, I daresay I would suggest that the 288 GTO is a better proposition. Many times rarer, a genuine Enzo-era car, staggeringly beautiful, and a car that will always be The First of Ferrari's iconic Supercar Series. IMVHO, of course.
All 1300 of them? How much will a Snickers bar be at that time? Though maybe the 1.4M LaFerrari will deem this recent increase an inflation-adjustment?
LaF going for 2x is in line with the enzo....if LaF goes to 3 and 4x f40s will rise. joe, we've traded emails on this before, but the 288gto to me has less intrinsic value if you will than the f40...the f40 commands a premium when you factor in production numbers....ie what wld a 288gto be worth if they had made 1200 of those....or if there were 1200 f50s or enzos....to me the f40 is the icon and the prices paid as a function of production says alot...
You are certainly in the best position among us to know what and where is being traded and for how much at this time most definitely. My observations are my opinions but I would consider my opinion an educated one. I am not an owner of the F40. If one could be found in the $350K range however, I would be.
Good point, and one of the many Iceberg above the water observations one could make for the fully realized value of this 4 wheeled Picasso. It's the below the water factors that make this machine such a bargain at this time.
Probably the same as an F40. As it is, they are worth almost twice what an F40 brings (for comparably-conditioned cars).