CS Market | Page 396 | FerrariChat

CS Market

Discussion in '360/430' started by stokpro, Mar 13, 2010.

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  1. jet

    jet Formula Junior

    Apr 12, 2004
    837
    Bay Area
    The 34 k miles car is at CNC. This one had 9 k miles
     
  2. Oengus

    Oengus F1 World Champ
    Rossa Subscribed Silver Subscribed

    Yeah your right,...I missed the 34k miles.
     
  3. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,244
    Yes, my mistake guys. Sorry about that. Both photos in the thread looked like same car so I mixed them up. 9k miles for the no-sale. 34k miles was not at auction, but at CNC.

    No idea why bidding stopped at 140s...that seems pretty off. Did the car get damaged at auction that sometimes happens when they move them around???
     
  4. arizonaitalian

    arizonaitalian F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    19,897
    Wyoming
    #9879 arizonaitalian, Aug 18, 2019
    Last edited: Aug 18, 2019
    Re the black one at Sotheby's, can someone confirm (not guess or speculate) if the car sold for $218,400 all in with fee, or was it $239k all in as someone posted above?

    (lots of auction houses are smart enough to show the higher fee-included price on their website, not sure about sotheby's and I haven't been able to figure it out on their site yet)

    (asking because $218k is par for the course for a 10k mile CS, whereas $239k would be one of the higher actual sales over the past couple of years since the air came out of the bubble back in 2016)

    Was the black car DM1's?
     
  5. jet

    jet Formula Junior

    Apr 12, 2004
    837
    Bay Area
    Was the black car DM1's?[/QUOTE]

    This CS was for sale at BMW of San Francisco few months ago with an asking price of $260k. I was told that it belonged to the owner of the dealership. On a side note it appears that the price gap between factory striped cars and non striped is getting larger. I remember when it was a $10-15k difference roughly 10 years ago and now more like $50-60k.
     
  6. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,244
    Yes, most recently Henry Schmitt's of BMW of SF. Put less than 700 miles on it in 3 years of ownership. https://www.challenge-stradale.com/134741.html

    It was for sale here in 2014: https://www.ferrarichat.com/forum/threads/2004-challenge-stradale.453503/

    Gorgeous spec...
     
  7. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,383
    Himalayas
    34k CS was formerly owned by an fchatter that frequents this thread

    no, not DM1's - his had a fake stripe.

    spread has been about $50k for some time now... nice ROI.... for a sticker lol
     
  8. Nine9Three

    Nine9Three Karting

    Oct 24, 2017
    116
    Oregon
    Full Name:
    Tom
    Sotheby's states that the buyers commission is 12% under $250k and 10% thereafter. Given that, the finals sales price less applicable sales tax is $ 244,608.
     
  9. Th540

    Th540 Rookie

    Jun 12, 2015
    7
    AZ
    Full Name:
    Timothy Hegarty
    I was watching the auction online. This car hammered for $195k. Add 12% BP to that.
     
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  10. arizonaitalian

    arizonaitalian F1 World Champ
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    Oct 29, 2010
    19,897
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    #9885 arizonaitalian, Aug 18, 2019
    Last edited: Aug 18, 2019
    Thanks. So you know for a fact their web shows the pre-fee price? (Other auction houses show the price including the fee, and I don’t know for a fact which Sotheby’s shows. Can you link where they say?).

    Edit: See the post above...that’s why I asked for facts and not speculation.
     
  11. arizonaitalian

    arizonaitalian F1 World Champ
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    Oct 29, 2010
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    Wyoming
    Thank you...exactly what I suspected.

    (Not sure why some people post wrong answers when the truth is they don’t know, especially when they are replying to someone who asked for no guesses and no speculation - they must own a CS and want to inflate prices)
     
  12. freshmeat

    freshmeat F1 Veteran

    Aug 30, 2011
    7,257
    I can confirm that as well.
     
  13. Th540

    Th540 Rookie

    Jun 12, 2015
    7
    AZ
    Full Name:
    Timothy Hegarty
  14. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
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    LARRYH likes this.
  15. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    12,661
    San Carlos, CA
    Full Name:
    Mitchell Le
    I was in the room when that black car sold for $195K. Surprised me but that is the market.... for a 10k miles car. Wow.
    Also in the room when the F355 red convertible from the Ming collection sold for $175K. It only has a few hundred miles.
     
  16. Mikestradale

    Mikestradale F1 Rookie

    Jan 25, 2006
    2,596
    Netherlands
    Full Name:
    Mike
    Did anyone see the Bonhams auction of ZFFDU57AX40134376 in person? Skippr1999 posted yesterday "no sale high bid was like 143k".

    But when I go to the Bonhams website, it says SOLD. Was the car sold after the auction?
    https://www.bonhams.com/auctions/25221/lot/213/
     
  17. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,373
    ATL/CHS/MIA
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    Are you saying those numbers are high or low?
     
  18. ifeelfree0

    ifeelfree0 Formula Junior
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    Feb 26, 2014
    571
    Medina, Ohio
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    Dan
    I interpret low ( at least I hope so!). I bought mine last fall and how quick the market dropped. Still got a great car so all is good. The saying is within my friendly circle is I am the bellweather for car buying and stocks...when I buy- it is usually at the top of the market so steer clearo_O
     
  19. Skippr1999

    Skippr1999 F1 Rookie
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    Dec 22, 2009
    4,212
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  20. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
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    Like I've said in a few threads here..... I think the manufacturers have flooded the market with "collectible" cars and the guys that probably shouldn't have ever bought one are trying to get out.
     
  21. yelcab

    yelcab F1 World Champ
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    Nov 29, 2001
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    Mitchell Le
    I think the CS was low and the 355 was high, but that was where the bidding ended.
     
  22. arizonaitalian

    arizonaitalian F1 World Champ
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    Oct 29, 2010
    19,897
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    #9898 arizonaitalian, Aug 21, 2019
    Last edited: Aug 21, 2019
    Some of you guys think $218,400 is too low for a 10k mile Black CS?

    (the buyer did not *pay* only $195k, they paid $218,400 for the car including the auction fee)

    Fwiw, I don't. That's been +/- market range for a while (but I don't expect a very illiquid market to have precision and complete consistency in its few actual sales and I see the aspiration in some asking prices)

    That's over original MSRP for a 10,000 mile, 15-year old car, that was made in ~1300 units. Nothing to complain about there (not every car has a market like the F40).

    Btw, the market looks mostly like this:

    Sub 5000 mile very highest level $240k+ range
    10,000 mile good cars $210-230k range
    15,000 mile cars $190-210k range
    20,000 mile cars $180-190k range
    Over 20,000 mile cars? Good luck. $140k-$180k depending upon miles, condition.

    And, despite my giving a range here, there will be outliers due to "story" and the very illiquid market.

    Also, while I hate to disagree with Stokpro, I'm not seeing anywhere near $50k premium for factory stripe. Maybe $10-20k. Actually, thinking about it a bit more. It would be a higher premium for a "collection bound" CS (so a sub-5000 mile garage queen) than it would be on a driver car with 20,000. So, it could approach $50k for a car bound for a collection (not that there are more than 1-2 of those per year nowadays). And I know for a fact its not much premium on a drivers mileage car.
     
  23. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
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    I agree 100%. Especially about the stripe. Stripe is great for a collectible garage queen. I think the stripe is a bit much out driving around. I have a faux stripe on my CS I will remove soon. I like the look "sans stripe" out on the street
     
  24. LightGuy

    LightGuy Three Time F1 World Champ
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    Oct 4, 2004
    39,601
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    David
    To each their own. IMO the special stripe made for that special car adds to the look. Even a fake stripe is justifiable. Fake stripe on a fake CS....not so much.
     
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