575 Manual auction

Sale confirmed at $224,000 including fees:-

https://rmsothebys.com/en/auctions/ca18/the-petersen-automotive-museum-auction/lots/r0028-2003-ferrari-575m-maranello/727997


There was a lovely 355 spyder a few lots before in Verde Ingles over Beige with 7,000 miles from new that went at $114,800 inclusive:-

https://rmsothebys.com/en/auctions/ca18/the-petersen-automotive-museum-auction/lots/r0067-1996-ferrari-f355-spider/729961

 

Unbelievable. Two of my favourite Ferraris, almost unsellable when new.

 

That makes £177,400 at today's rather depressed exchange rate. If that's a price fall, it's still a lot more than my own manual 575 (higher miles, better spec) cost from a main dealer in 2015..and this was an auction.

 

I think there were some silly prices in America for manual cars over the last two/three years, so in real terms over there this is probably a correction rather than a crash.

The parity in price today with the UK probably says more about the weak GBP than the price of used Ferrari's.

 

Yes, very true. I remember Porsche Speedsters sitting unsold for many, many months back in the early/mid nineties. Now they are worth 10X the price of the 911 convertible of the same years.

 

As another data point, I came across this UK car with FHP with 28k+ miles at DK.

https://www.dkeng.co.uk/ferrari-sales/957/prestige_cars/ferrari_575_mm.html

Looked pretty clean. Last year, I tried to buy an almost identical car but the buyer wouldn't budge from £215k. This one is at £175k, and Dk asking prices are normally top dollar. I got the impression they would consider offers of £150k+.

Compared to 2-3 years ago prices have declined significantly, but the percentage premium for a manual over F1 seems to have remained nearly the same.

 

Yes, agreed, I see the same.

 

Another manual on the market this weekend.

https://www.pistonheads.com/classifieds/used-cars/ferrari/575/575m-manual/9308380

I really like green on a 575. I'd refer a light interior though. Though having seen what Bluebottle did with his 550 it could easily be retrimmed.

I find POA irritating though, I don't know why, I just find it irritating.

 

That car would be stunning with a Cuoio interior.

 

Exactly what I'd have in mind.

 

And.....yet another one just came up on BaT. Looks nice... https://bringatrailer.com/listing/2002-ferrari-575m-maranello-6/

 

Original 3 pedal. F1 warranty books say 575M Maranello F1 for the F1 versions.


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drivers source has had that car forever asking $279k. They're going to get $220kish for it on BAT like the last 2, if they are willing to sell it there fine, but very unlikely it sniffs the $279k they wanted.

 

so is the Bat auction car a Factory Original build?

 

See post 62 only two above yours.

 

so its based off of the vin?

 

No, It is based on the warranty book not saying F1, as described above. Here are two showing what I mean.





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Another excellent piece of knowledge!

 

$235k

https://bringatrailer.com/listing/2002-ferrari-575m-maranello-6/?utm_source=dailymail&utm_medium=email&utm_campaign=2018-12-26

 

PROFOUNDLY irritating. There should be a law against it.

 

Decent looking car with the all-important Fiorano Handling Pack, did anyone here see it in person (or buy it)? It appears that manual 575s are trading at more than two times the price of F1s in the US, looking at this thread and the latest information on the Maranellos Are Disappearing thread.

 

It makes the RM Auction car look like a bit of a steal. That's two manual 575's at very similar price points which is a reasonably good indicator of where the market is in the US right now.

It would be very interesting to see a RHD manual 575 go across the block in the UK right now. The premium over an F1 certainly still seems to be there.

There are a few for sale here on open market, two/three of which have been available for some time. The two manuals I know of that sold were at prices considerably less than current advertised asking prices.

 

Alan- Have to remember, a much higher percentage of UK RHD 575Ms had three pedals. Not sure how that 27.5% three pedals affects price compared to the 9.8% of the rest of world 575Ms.

 

True Terry, there are a greater number of manuals here as a percentage, but there aren't that many cars here to start with.

https://www.howmanyleft.co.uk/vehicle/ferrari_575m_maranello

Not exactly scientific and open to error, but howmanyleft suggests there are circa 117 575's registered for use on the road here and another 62 in storage/off the road/for sale at dealers. This also doesn't differentiate between RHD and LHD of which there will at least be some.

Your figure of 27.5% suggests there are about 49 (ish) manual 575's left here in the UK. Some will be well used, others will be never sold and passed down the generations. I'm sure more than one or two will have met a messy end.

All this tells me I probably can't be too picky if I eventually want to own one of these cars. Whilst asking/selling prices fluctuate with market forces, people can effectively ask what they want for these cars as they generally aren't owned by people that actually "need" to sell them to move into something else.

All that said, I'm very nervous about our economy (the world economy actually) and I just want to make sure I'm in a good place financially once the Brexit arguments have come to some sort of conclusion and we've left the EU.

Odd times we're in here in the UK. Fear of the unknown has left us in a bit of vacuum.

 

Alan- Affirmative, a no deal exit is not what everyone would have expected. Those bureaucrats in Brussels are a vindictive lot, it would appear.