Current Testarossa Values

Its always the guy... in stocks, real-estate, and now collector cars, who sold his assets (salvaged title car) too soon in an appreciating market, that is screaming repeatedly from the hills how overvalued the market is... from Indiana. But he wouldn't do such a thing... because he made $14k on his car and very happy.. a weeks salary for many F chat members.

 

Amen.

 

Yep ....

 

And thank God its the last thing he is going to say on the matter ...... ! However I'm sure we will hear the same old story ,when he comes to flip his 550, or whatever else he has lying around!
BR,
Jez

 

As someone who has seen other classics and collectible car prices explode in the last few years (we've expanded our garage a little recently) I wanted to add some thoughts to the discussion on what’s driving prices:

From what I've seen, everyone here is kind of right in one way or another. Prices for desirable classics have risen across the board, be it for old Testarossas, Lancias or even older Minis. We've come a long way from the days of being able to pick up a Renault 5 Turbo from the classifieds in the back of Autosport for under 3,000 pounds.

The reality is that the appreciation in the value of Testarossas in the last five years has been pretty rapid – they've really only taken off in the last two or three years. Before then they were relatively stable. That’s different to the other classics that were growing in price roughly in line with house prices before the 2007 stuff kicked off. Prices fell, but not a whole bunch. Meanwhile, the price of the TRs was roughly there or there abouts until about 2012-2013.

Having said that, part of me does wonder if we are reaching a bit of a price zenith – interest rates are low, other investments aren’t or don’t have to give great returns, so if your money is going to be eaten by inflation then you might as well buy something that you can at the very least enjoy. So while it is possible people are buying these things as investments more than as actual labours of love, it doesn't automatically mean they’ll flood onto the market if things go south. If you can afford a TR in the first place, you can probably afford to garage it for a while until the economy picks back up. The other thing to remember is that if interest rates or the returns on other investments actually pick up (and that may not be as a result of a downturn!) then other people might decide their money will work harder for them in a term deposit than in their garage. We've also reached a wacky state of affairs where a homologation Group B road car costs more to buy than the actual works Group B rally car it descends from.

The other thing to remember is now that the people buying them are people who have might now disposable income and lived through a time when newer Ferraris were a bit lacking in mongrel, which gave the older ones a sense of mystique. The same thing is happening to the late 1980s/early 1990s Group A cars, mostly because people grew up watching them, plus the current WRC field is uninspiring and they want something that will give them a bit of a poke and live out the dreams they had when they had car posters on their bedroom wall.

Personally I don’t think the Testarossa prices will keep going up forever at this rate, but they will probably level out on their own. Eventually they will start getting passed in at auctions and people will reassess what their value really is. In the event of total financial collapse then being a cashed-up buyer might have some advantages, but I’m hoping I don’t have to rely on that happening to get a nice early RHD model in my garage at some stage.

Thanks everyone

 

very well said !!!!!!

 

I don't think the Testarossa is just for nostalgic or 80's fan. The TR is a car that stand apart from ANY other car, it's look is unique and people of all age are realizing it. Yesterday night I was driving in town and a teenage girl on the sidewalk screemed to her friends ''CHECK THAT CAR''

IMHO the Testarossa new value are here to stay.

 

+1
I'm so glad that the great people on this forum decided to speak up after my post calling this guy out and his "two post" newbie friend, "Redliner", for coming to this forum just to unwareantedly bash the very cars that we own over and over. They sound like disgruntled housewives lol.
I do have a question for Brad regarding his 550. Doesn't your Ferrari 550 have a salvaged title also? One more question regarding the Testarossa that you sold. You said that is wasn't a salvaged car but I remember something about that car having a rebuilt title maybe I am wrong perhaps you could shed some light as I know you said that you sold it for only $61,000 when the market for a clean Testarossa even with the 40,000 plus mikes you had, over $100,000

 

On May-16-15 at 15:28:46 PDT, seller added the following information:
Title: The car's title seems to have been title-washed at one point in the early nineties. When it was registered afterward it was clean and has been clean ever since until the minor accident. It has a clear rebuilt title and there are no issues registering or insuring it.

This was taken from your EBay ad

 

Just look at my old posts and you will read everything to need to know about the car. Brads TR was my car.

R

 

Sorry, didn`t mean to exclude all the other generations that love the Testarossa too!

That`s so true - there`s also a lot of younger people who love the car because it`s totally different to anything that could possibly be made now.

There`s also a lot of much older people who thought it was too modern and different at the time compared to the Ferrari`s of their time but have grown to love it too.

I remember hating Diablo`s when they came out (mainly because that meant no more Countach) but now I love them to be honest, even though the 80`s stuff is what I like best.


Anyway, next up is Artcurial Paris in 2 weeks time- 22nd June, with these two:

1986 flying mirror, LHD, 32K miles, Silver / Red, est 170-210k euros.
Automobiles sur les Champs 8 - Sale N° 2769 - Lot N° 49 | Artcurial | Briest - Poulain - F. Tajan


1990 LHD, 70K miles, Red / Black, est 90-110k euros.
Automobiles sur les Champs 8 - Sale N° 2769 - Lot N° 68 | Artcurial | Briest - Poulain - F. Tajan


Dom.

 

Its still your car. It's simply on loan to him until you decide to buy t back!!

 

Yeah someone who joined in 2012 calling a 2007 join date member a "newbie".....you're a f*ckin genius my friend.

 

redliner what cars do you own currently and what have you bought/sold in the past 24 months? im a skin in the game type guy.

 

This is the one thing I love about Testarossa owners. We're all kind of nuts at the end of the day. I sold it, eh, I guess I'll buy it back. LOL. I told the new owner I sold mine to that I would be back in a year or two, take it back and pay for the 15k service. Can't put a price on pedigree. That car has a rebuilt title, but has more spirit than any clear title TR there is. I'd bet my life on it I have zero interest in owning any TR with under 25k after having that thing

Chairman did a fine job sorting that baby and keeping her happy. All I had to do was keep her nice and excercised and out of harms way. I still think we all need to convince him to grab a 512tr at some point.

 

Redliner
I think the point he was trying to make is that for someone coming into an established forum with one or two posts, you kind of have a disparaging attitude towards the very cars that we own and love.
I don't agree with your assessment but your entitled to your opinion. I just think your delivery isn't the best.

 

Robbie did a great job sorting her. She ran great when I drove her.

 

Yes Redliner. What do you own again??? You can always tell which posters are the non owners. Just pull up their profile after their disparaging comment and 9 times out of 10 you'll find that they don't even own a Testarossa. If they are an owner of another Ferrari, they are upset that the Testarossa ship sailed before they could upgrage or add one to their collection. Having a budget of $80-$100k could have done the trick in 2013 to early 2014. That amount won't even get you into the game now, but it would make a nice down payment.

 

WOW 170-210K euros for a flying mirror! Is there anything special with this particular car or is that just where the bar is right now?

 

Agree. He put a considerable amount of effort into it. I can respect the effort as I get mine up and together. But like all quality cars, time and care bring out the best in them. Enjoy ever moment of her. As for a 512TR for the Chairman.......I was thinking more F-40. Besides, when he gets bored with that one he can sell it to me!

 

Opps!...."blonde moment" from my newest girlie Samantha trying to take a picture with my 91 Testarossa lol

Watch out for the "A" pillar baby



Shamile

Freeze...Miami Vice!
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that's how u debate

 

Ferraristi,

We're having the same discussion about the Diablo in the Lamborghini forum....without the bellicose rhetoric.


http://www.ferrarichat.com/forum/lamborghinichat-com-sponsored-cats-exotics/479361-official-diablo-value-thread.html


I think some of the comments here are out of line. To go after someone and say that what they profited from their TR is just a week's pay from some of the Fchatters here is ridiculous. I've said it here before and I'll say it again....we're all millionaires here...what separates us is the amount of 000's behind our name. Just leave the ego at the door...we're all Miami Vice ...I mean Testarossa enthusiasts here

I've met bradwilliams (Kurt) personally and he's an alright guy. But if the Testarossa and Dino were a stock, he's shorting it harder that Bill Ackman against Herbalife lol.

I will just respectfully disagree with him completely. There are many more factors than it's just greedy dealers and it's all going to crash.

All Ferraris and Lamborghinis are not going up....yeah yeah, you all know this. The newer ones are falling fast and continue to fall. It's the 80's! Why? They're now deemed collectibles and are now an asset class...like artwork.

We all know in this low rate environment, overvalued market, and "go nowhere" housing market, this is where cash is going. Like everything mentioned, they go up, down and may crash...NOTHING new here. To say It's going to crash!...it's going to crash! without any real analysis is baseless.

I see a confluence of factors that's contributing to and short term sustaining this rise.

One complaint that I've seen and experienced myself is that the newer F &L cars are well....not fun. Sure, they're fast, perfect, even have a connection for your Ipod but not fun. No stick shift and too many computers controlling every move is what I keep hearing. This seems to fuel the "nostalgia" for the older cars when you had to "work" to drive them.

To drive my Diablo, you have to feel the syncro "tap" in the gear lever before you shift and you better match the revs or you'll bog down the engine. Just trying to get it right and seamless is the fun and achievement.

The 80's are in right now. I hang with a younger crowd and you now see "80's night" at clubs, big hair and....tucked in dress shirts with belts. This I've seen with the designs of cars with angularity and side air intakes coming back. Look at even an older Gallardo, newer Aventador and even the newest 488 GTB. Tell me you don't see the Testarossa there? The Testarossa style now fits within the newer style elements and looks fresh again.

Lastly, it's artwork! I know someone said don't compare it to a Picasso but why not?

When I see a 512BBi, I think beautiful lines sooo classic Ferrari. But when I see a Testarossa I see such wonderful expression of extravagance. It's just something so beautiful to look at...like a modern sculpture.

I don't really drive my Testarossa at all anymore. I really prefer my Diablo as it's more brutal, visceral and in your face. But, when I walk past a piece of artwork in my home, I pass, look and it puts a smile on my face. Same thing in the garage. When I walk past the Testarossa, it just gives me pleasure to look at it.

It's the last of the non computer supercars! I've heard it over and over.....they'll be someone to repair the modules. Newest cars are more than modules. They're interfaced systems and when one goes out, the whole car won't work. With mechanical part and seals, you can fabricate these forever. Modules and circuit boards....not so much. I just see the newer stuff cars as disposable as my smartphone. Kinda sad really.

At the beginning of the year, I was excited to see the values going up and thought, yeah...I'll cash out. Well, in all honesty, the TR and Diablo are just too iconic to part with. Once you get over the new values, the car is still a keeper. I'm just going to add a 360 manual spyder to them.

One last thing I'll add is the heavy depreciation on the newest F & L cars. Gone are the days when you were " on the list", bought a Ferrari, drove it and sold it for more or directly traded it for a newer car. Most of us here are business owners and know the value of money. It's one thing to spend 100K + on a car but quite another to lose that in one year on a car. The older cars are just a more attractive financial option for holding cash.



Shamile

Freeze....Miami Vice!

 

Hey...it took me some time to write it all out! lol



Shamile

Freeze...Miami Vice!

 

Bingo.. You my friend are a genius and reading my mind.. Its been my school girl crush.. lol.. Oh what I would do to get my hands on an F40.. Straight pipes with all the burbling. I can listen to that all day... I've spoken to very few people about my love of the F40.. To me.. Its the car of all cars. A snippy b*tch.. Even more b*tchy then the TR.. The ultimate b*tch..

I would love to give her a thrashing she deserves.. Turbo.. your using your head brother.. lol..

Great read my friend.. Great read..

R