Sheehan 512 TR

Never been a fan of Mike and you may be correct about other aspects of his business life but just for clarification are you saying Mike asks 100% above what he considers market to drive you to a dealer who is only asking 40% above market in the name of market manipulation?

Doesn't sound like a sound business plan to me.


That car will come down, it will come down a lot. Or he'll be baby sitting it long enough for the market to catch up.

 

If a new sponsor were charged x2 the price of an old sponsor, that would be a pill, but in a free market that sponsor also has the right not to pay it. If there is enough value for that sponsor to pay x2 the current sponsors rate,and many more new sponsors sign on board at that new rate I strongly suspect in short time you will raise the pricing on your older sponsors. Some will cancel, others will not. You are providing a service, and you and the market "sponsors" decide on what that price will be, that's not sleazy, though your old sponsors paying half might consider it sleazy of you if they got that email of the price increase being x2 there current rate.

What maybe considered sleazy, is you asking x2 the amount from 1 or 2 because you dislike them, but even then, that's not really sleazy. You may not want to do business with them because you just don't want to. Therefore you quoted them x2 the price not because you are sleazy, but because you really do not want to do business with them, and using that price as a deterrent. High price used for deterrent of not wanting to do business with someone or another organization is just another way of saying "no thanks" or "not for sale" to you

 

His job is to go fishing. Get the best price possible for his "client". It is as simple as that.

 

And represent his client?


Oh good God no!

He has to represent what the buyers want to pay.



Like I said before, in consignment sales the client often sets the price.

 

not a fan of mike either but he is NOT interested in putting a car on his web site w/ an irrational price. he is known for moving cars and anything but the vintage race cars are just cars to him. he fancies himself the expert and selling a car through him means he dictates the T's C's...that is my impression. If he assigns a price, he believes he can get it.

 

Sleazy is:

A lawyer charging you billable hours and not working the case.
A mechanic not changing your oil filter and charging you for one
A builder charging you for waterproof drywall in your bathroom, and using regular drywall

Crazy is :

Someone asking 50% more for a product than someone else/competitor.



When are you raising your prices Rob ?

 

Honestly, there aren't nearly as many people doing this as many people think. It's a double edged sword, and in a marketplace where, as a dealer, we have to replace sold inventory, asking massive amounts higher than you intend to sell is shooting yourself in the foot, as it makes it much harder to buy the next one when you've completely skewed the sellers' market perception. You inevitably do that anyway just as a factor of being in business, but asking way way higher for a car than you would sell it when you will probably have to buy the twin to it tomorrow, or in a week, or a month is just bad business. If you have a truly unique car, a "where you getting another one" example, it's a different game, but for run of the mill stuff, there's just no reason to ask tons more than you expect to get.

 

Regarding Michael's pricing strategy, he may be over-compensating now for a previous car he sold about a month ago that was discussed in the 308/328 section. The car was a 1989 328 GTS with low miles and listed for $79,500. The car sold within hours of his email distribution. Then, within days, the car showed up at CNC Motors listed for $139,999. Even though this was a different type car, the asking price was likely too low, especially for a market soaring in the dead of winter.

 

I think anyone can ask what they want, if you sell its because somehow the buyer felt the price was right and it was his best option at the time.

 

CAn you please just answer my questions about the 512tr pin out? How do you go from US to Euro spec? Is there an extra ground in the harness?

 

The bottom line here is that the market for 512TR's is still in flux
We really need 2 or 3 comps to make an educated calculation.
Until that point.....
Mikes assesment of value may just be a bargain or a bust by mid summer.
Until then we are all just talking in circles.
There is an auction in 2 weeks
A 93' 512 TR is in it.
We need to see reported sales of this model.

 

What Auction is that?

 

1993 Ferrari 512TR offered for auction | Hemmings Motor News

 

If a seller bashed a car for decades and then started selling them, I wouldn't his judgement.

 

I'm not **** talking this guy, just saying he wasn't fond of these cars and made many claims that they're not a good investment based on their numbers.

 

197 US spec. Ferrari F40's were delivered here between 1990 and 1992.


Joe

 

I think something should be said for dealers in general. Yes, they make money by transacting cars. There are many ways this could happen.

I can't speak for Mike, but I can speak for my experiences. I have bought two cars sight unseen from Sheehan. I was very happy with both. I have dealt with him many times over the years with straight forward conversation.

I know he buys cars, sells cars, and consigns cars. I don't know which this is. BUT, he sold this car to the current owner. He is helping him sell it.

Sometimes, sellers get bad ideas in their heads. Sometimes, a growing market pushes boundaries. Sometimes, the market gets flooded and people rush to sell. Lots of sometime situations.

I think it is unfair for people to bash Sheehan when they have no idea what they story is. I remember a pretty big issue reading a Dino can't be a car worth more than.... Well, you name the number all the way up......

Not many car guys made it through the 80's without posters.... How many cars made those posters?

Shawn

 

Mike Sheehan has this nice low mileage example on the market.

https://www.ferraris-online.com/pages/carintro.php?reqcardir=FE-512TR-90817

 

There is allready a thread about this car and Sheehan.

http://www.ferrarichat.com/forum/boxers-tr-m/480544-sheehan-512-tr.html