There goes the Testarossa market | FerrariChat

There goes the Testarossa market

Discussion in 'Boxers/TR/M' started by Newman, Apr 9, 2016.

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  1. Newman

    Newman F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 26, 2001
    14,422
    Canada
    Full Name:
    Newman
    BJ auction sells a 90 for $79K!
     
  2. 88Testarossa

    88Testarossa Formula 3

    Sep 25, 2012
    2,450
    Annapolis and Daytona Beach
    Full Name:
    Al
    Details? This doesn't seem right for a decent TR


    Sent by incredibly fast electrons
     
  3. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,334
    Kzoo Michigan
    #4 phrogs, Apr 9, 2016
    Last edited: Apr 9, 2016
    Nothing wrong with it? Sure not what the seller wanted out of it..
     
  4. Newman

    Newman F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 26, 2001
    14,422
    Canada
    Full Name:
    Newman
    What a bargain!
     
  5. speedtrapp

    speedtrapp Formula Junior

    Mar 26, 2007
    308
    Full Name:
    Tommy
    I was there yesterday sold a camaro, I my opinion BJ is not the venue for Ferrari. There were a few Ferrari cars that went for under or just slightly over retail and that was due to the vig on both seller and buyer. The folks there are looking for American muscle not Italian supercars. I did great on my car, the Ferraris not so much.
     
  6. zudnic

    zudnic Formula 3

    Nov 13, 2014
    1,896
    Vancouver
    Nothing negative from the description in the link I posted.

    Only perceived negative is maybe the 50k+ mileage. That's high for some people.
     
  7. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,334
    Kzoo Michigan
    Thats all I saw that might turn off some.

    But its more like its BJ, I wouldnt send them a Ferrari...
     
  8. Newman

    Newman F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 26, 2001
    14,422
    Canada
    Full Name:
    Newman
    I wouldn't sell a Ferrari there either but people always say watch what cars sell for at auction. An anomaly, could be but it still puts a stain on the market.
     
  9. vincenzo

    vincenzo F1 Rookie

    Nov 2, 2003
    3,373
    BJ is the place to sell trucks/jeeps and resto-mods.

    It is amazing to see the money that those cars get.

    I'd have never thought an old Ford Galaxy would fetch six figures! They were a POS the day they were built and still are.

    To each his own!
    vincenzo
     
  10. zudnic

    zudnic Formula 3

    Nov 13, 2014
    1,896
    Vancouver
    An 87 TR just sold $172K. Haven't looked it up, but bet it was low miles.

    One thing that's changed these and even the higher end auctions. People have 24/7 access to sales data on their phone. Last live auction I watched the bidder withdrew his bid because he found the same cars cheaper on EBay!
     
  11. full_garage

    full_garage Formula 3
    Owner

    Feb 15, 2010
    2,241
    Sarasota Florida
    Full Name:
    Jay
    This is a crazy outlier auction- Friday saw ANYTHING Euroepan sell for about a 20% discount off of the lowest wholesale price- I think the guy from Motoexotica in St Louis bought them all.

    And every tacky restomod Camaro brought ALL the money.
     
  12. ferraripete

    ferraripete F1 World Champ

    just saw that one. nice looking car! nice coin!!
     
  13. zudnic

    zudnic Formula 3

    Nov 13, 2014
    1,896
    Vancouver
    Yeah, it looked nice. I think its this one: 1987 FERRARI TESTAROSSA - 194397 guess it would be over $180k with buyers premium added.
     
  14. DiZZyDTR

    DiZZyDTR Rookie

    Apr 4, 2016
    1
    It was nice looking but I`m not sure 37,980 miles is low
     
  15. vt3

    vt3 Rookie

    Mar 31, 2016
    44
    Rochester, NY
    Full Name:
    Van Travis
    High miles and I believe they said 7-8 years since major service


    Sent from my iPhone using Tapatalk
     
  16. bjwhite

    bjwhite F1 Rookie
    Silver Subscribed

    Mar 17, 2006
    4,804
    Seattle, WA
    Full Name:
    Brian White
    And has a brown dash. Ewww. :)
     
  17. rpissm

    rpissm Formula 3

    Aug 11, 2013
    1,620
    Salt Lake City, UT
    Full Name:
    Joe
    But but but that 79k is only 5k more than the BHCC parts car!?!
     
  18. meantestarossa

    meantestarossa Karting

    Jul 15, 2004
    222
    Northern CA
    Full Name:
    Ron McDaniel
    #19 meantestarossa, Apr 9, 2016
    Last edited: Apr 9, 2016
    A little bit after the 90 that went for $79k an 87 with about 38k miles went for $172k + buyers premium of course. A 512 BBi crossed the auction block prior to the 2 Testarossas and was a no sale at $255k, didn't make reserve.
     
  19. lear60man

    lear60man Formula 3

    May 29, 2004
    1,829
    Los Angeles
    Full Name:
    Christian
    Soooooo, wrong venue with higher miles = low selling price of $87k. Im actually kinda smiling as I write this.....Oh how times have changed from 2011.

    The 'no reserve' was a mistake on the sellers part. He/She could have got market price by properly listing the car and being patient. By listing it with no reserve, he took a crap shoot and lost. But someone came out a big winner.....Probably a dealer.

    Edit, well there ya go, Thank you Mean Testarossa. Nice market recovery.
     
  20. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,334
    Kzoo Michigan
    That second one made up for the first one.
     
  21. zudnic

    zudnic Formula 3

    Nov 13, 2014
    1,896
    Vancouver
    In my mind there is two kinds of cars in pretty much every Ferrari model. Drivers and collectors. There will always be people willing to pay a premium for a very clean low mile no matter what the model. The closer to new the condition the more people are willing to pay. The older they get, the more the gap between driver and collector will get.
     
  22. blown daytona

    blown daytona Formula 3

    Feb 6, 2008
    1,679
    maryland
    #23 blown daytona, Apr 10, 2016
    Last edited: Apr 10, 2016
    Just got back from BJ. Not many cars there that impressed me. Actually left very disappointed with the quality of cars. Lots of mediocre cars. Had to chuckle when they had a 50K mile TR roped off in their special supercar showcase, yet they had more valuable cars out in areas where everyone could just get in and sit and touch.. Not the venue to sell a euro exotic anyway
     

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