Ferrari LaFerrari vs Mclaren P1 vs Porsche 918

Good post. I also wonder how long the GTO can sustain these values. Guys that own them today were largely teenagers and in their 20's when the GTO was new and they have reached the point in their life where they are simply exchanging little green pieces of paper for a fabulous Ferrari that was popular when they were growing up.

 

While i think the number of those super expensive historical cars will decrease at rallying and racing events, you will still see them. I was at Cavallino last January and there were 2 GTOs being raced.

 

Porsche 918 walkthrough- Leno's garage

https://www.youtube.com/watch?v=eaOfgevPphk

 

I get your point, but the same guys who were teenagers when the GTO was new are paying tons of money for pre-war cars that were built before they were born, so...

 

Very lucky kids. I hope they appreciate them.

 

Tons of teenagers go nuts when they see a GTO. At least in Europe. If you go to events where historic cars are present, you see a lot of teens and tweens drooling over 917, GTO, GT40s..
The ones who don't care about a GTO at $50m probably won't care for an F1 at $10m..and will buy a GTR.

 

Jay is always fun to hang out with.

Any final spec 918 deliverd to customer yet ?

 

I wonder that too.

Here's a good article if you haven't read it yet:
Baby Boomers Created the Classic-Car Market?and Could Crash It ? Feature ? Car and Driver

Obviously classic Ferraris have a larger international appeal than does a big block chevelle, etc., and in the GTO's case there were only a handful of cars built.

I think they will continue to have appeal and there is always the stereotypical cost-no-object, have to have it mentality, but I don't think these cars will have the same appeal to my generation and beyond like they do the current owners.

Last year I was at an event where a 250 GTO was on display and it barely got noticed, sitting next among a 458, 599, Enzo, etc. I was shocked how little attention it happened to be getting, and spent awhile around the car while most flocked to everything else.

If they stuck a $50M pricetag on it I'm sure it would have been swarmed, but I think most people had no idea what it was.

 

Did he pay 52m in 2011..............i didn't think so.

 

That shouldn't be the point, but if that's what you want to focus on...

All the 36 (or in some minds, 39) GTOs are not of equal value to begin with. There are some where the history dictates wide fluctuations in the price - 20-30% even, so the next one to sell may not clear the previous high watermark at all.

The point is these hugely valued cars are not kept in sterile environments just because of their worth - the guy who just spent $52M very likely will take full use of the car if he is anything like most of the other GTO owners.

A few weeks ago a 250 GTO owner was spotted on the highway on a weekday morning in Northern California commuting in his GTO as if it were any other car. This image was shared in the FChat Vintage forum. In some minds that's even scarier than a vintage race.

>8^)
ER
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That is amaZing and awesome. If I saw that I would have never believed it was original.

 

It will be an interesting test, that's for sure.

One could argue art from 50, 100, 200, 500, and even 10000 years ago is still collected and cherished. Incredibly valuable as well. Then again, art has had thousands of years to develop, has a waaaaay bigger audience, and in some cases much more cultural and historical significance. It's also often 1 of 1.

Culturally, cars just aren't seen as important. This is evident in education. We educate people to build cars, but we care little about their history. Art classes and art history classes are available beginning from childhood through a Ph.D. Henry Ford History 317? Yup. Car History 101? Never heard of it.

There is also only so much sentimental value to go around with cars. Unless these cars are winding up in the hands of people with young children, the next generation won't have the same attachment to it. When all the people who lived during an era with some overlap to the GTO die, the market may take a nasty turn. Same could be true for collector car market in general.

Or it may not. Hard to say.

One thing I can say for certain though is that the older crowd today does not love new cars like they love old cars. My grandpa never told me he though a Lamborghini was nice, but he definitely mentioned some old Fords and stuff that he remembers from years passed. I think you can also make a very comfortable argument that young people aren't nearly as interested in really old cars either. It makes sense. I have no attachment or connection to a GTO. I grew up drooling over modern exotics. I definitely like old, beautiful cars, but I don't see much value in a 250 GTO over a nice $50K vintage car that looks good. Michelangelo, Da Vinci, Raphael on the other hand -- they've been drilled into my head and culture since I can remember. I have no overlap with their lives or work, but culturally they are very significant.

Here are some interesting questions:

What has been the average age of GTO owners over time? Is it going up, down, or staying the same?
How about classic cars in general? Up, down, or same?
Also take a look at vintage forum activity vs modern. Could be rather telling of the market.

Only time will tell. I'm sure they'll never just be discarded, but a massive price adjustment wouldn't be shocking either.

 

Very interesting points. For me, I have become somewhat jaded with modern cars and I am in my 40s. I have an F12 as a daily driver (pickup trucks for real practicality) and for the hyper car fever I am getting a P1 and on the fence about a 918. I would get a LaF but I guess I don't qualify.

However, I have gotten the bug for vintage cars. This isn't sentimental for me, as most of these cars are before I was born.

I just purchased an unrestored '66 e type that is in great condition as well as a restored Austin Healey 100M. I would love a 250 GTO. While driving old cars really suck in comparison to modern cars, there is beauty in these cars particularly when you consider manufacturing capabilities of the era. Metal had to be formed, bumpers were steel, no electronics, no plastics...

Interestingly many of my friends of this age group go crazy over the vintage cars. I think they view modern cars as a process of simply writing a check, but purchasing a vintage car reflects a greater consideration and certainly greater commitment.

I think there is more interest in vintage cars than one might expect. Whether that translates to more demand is a separate topic.

 

I stand correct, all good points.

 

Jay Leno Takes Delivery of First McLaren P1™ in USA :

[ame=http://www.youtube.com/watch?v=gema_zZMnLg]Jay Leno Takes Delivery of First McLaren P1? in USA - YouTube[/ame]

 

Funny, when I first got my 370Z I was disappointed that they switched brake suppliers from Brembo to Akebono. (l loved the brakes in my 2 previous Z cars) Then I did some research and realized what kind of company Akebono is and all the cars they make brakes for. Seeing this video and seeing Akebonos on the P1 made me smile a little.

I can't wait to see Jay's video on this car. Hopefully we won't have to wait too long as he no longer has a job. LOL

Sent from my Nexus 7 using Tapatalk

 

It takes less than 40 cultured and wealthy children of successive generations to 'get' the allure and historical significance of the GTO.

They either inherit the car or purchase themselves, but again with so few and the history of Ferrari so rich, I doubt that car will become a forgotten dinosaur anytime soon.

Just like any inquisitive generation of youth when they grow tired with the present they usually look back to their roots. Music, art, fashion, sports and cars. Nothing is spared that tendency.

When generations of youth look back on the history of Ferrari they will find many sparkling jewels. The GTO amongst the best of them.

It will be fascinating to see if LaFerrari becomes a jewel.

 

That is quite simply horrid! This colour scheme only emphasises the naff design language.

 

Yep! For some reason the LF does not strike me as such quite like the F40, F50 or Enzo.

But like the Enzo I'm sure its design will only improve with age.

 

People always say that of the new car. Then they grow on them (most of the time..). I still remember the first picture of the Enzo and how awful i thought it looked. Now, i think it's a beautiful car, with a very bold design that will stand the test of time.

 

https://www.youtube.com/watch?v=t7O3BB4sU00

 

Sweet

 

that looks incredible in volcano red. love it!

 

It keeps looking better and better!
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wow, until this video I never really noticed how 'distracting' the rear end is. not enough body panels. the lighting, the camera work really shows all the gear in there, the fans, wiring, the wing hydraulics. too much vent/open, to the point of not seeing a rear end of a car, but just gear. giving an impression of 'clunky'. with the a dark colored body, it's not as jarring. need for serious cooling means vents, but hmm...