575 stick at auction.

That Superamerica might well have some 10 year old fuel in the tank!

 

Graham, a good specialist in the UK sold a RHD 3 pedal 575 M with FHP and 19k miles for £188k GBP/US$266k (at today's rates) in January this year. Selling price, not asking.

 

Most likely.
Americans are obsessed with ultra low and no miles at all F cars, ignoring the fact that most of these cars are not drivable anyway, at least not without a major overhaul.
They are buying a static display of a thing that used to be a real car.
Sad.....

 

I sold my manual 575 to Hong Kong in February. $350k Aust. ($270k USD) 45k miles. Sad to see it go, nothing beats the looks of a 575. It was as made as quick as a 599 in the end and I enjoyed the process immensely. Not sad to see the end of a forum of car lovers of a vastly different sort than me. I now enjoy a forum for my free SL55 AMG where most posts relate to improving performance and the car is so very much better built and does not have to be bone stock for cred. Have fun with your Maranellos, I will always know I had much more fun with mine however. And I always thought convertible Mercs were hairdressers cars!

 

Shame! I for one was looking forward to reading more about your exhaust mods. and perhaps seeing a few photos/vids. but I'll admit that the temptation to cash out in the current market would have been strong. You could of course have found a replacement 575M F1 (and swapped over the exhausts) and still liberated more than enough cash to pick up the AMG, but it sounds like you've moved on.

P.S. Just looked at your profile and then did a quick search and it turned up this old auction listing for your old Ralt.

https://www.liveauctioneers.com/item/35300056_1981-ralt-rt4-cosworth-1981-australian-grand-prix

 

Graham, the big, well-known auction houses will always be interested in offering a Ferrari, barring a basket case that requires a complete rebuild. And they will always have clients attending the auctions due to the cars they offer. The issue from a seller's viewpoint is always going to be the reserve: auction house wants is to be low in order to be certain to sell the car; it doesn't do to have a no-sale where everybody loses. Seller of course wants it to be high but the higher it is the more likely a no-sale. That is where the negotiation begins and ends. Something else to bear in mind: typically auction houses charge at both ends, both buyer and seller pay a 10% commission. If seller has a particularly desirable car that the auction house is very anxious to offer, seller's commission will frequently be negotiable; I know of more than one seller who paid a 5% seller's commission. Hope this is useful.

P.S. bear in mind, these folks really know the market, they are dealing in it every day year round, so are pretty reliable in their assessment of the likely selling range for the cars. Where they may occasionally miscalculate is with the extremely rare early cars e.g. with significant racing history or provenance.

 

Thanks so much for that Mogulboy, I always wondered where the RT4 ended up. Cheers.

 

Darius thanks for info, Seth good points. Willy enjoy the SL55 not a hairdressers car at all, though in my experience being an auto electrician may help !

 

So if I am not wrong the reserve for this same car in April was $285k (unsold) and now the low estimate is $295k in June. Interesting.
This gated car has around the same mileage as mine, although this has no FHP. Mine, an 04 registration with FHP with 30k miles now (and more soon if the nice weather holds), was valued by Ferrari classiche dealer for insurance last week at 220k GBP = 320k USD.
Sounded like a lot of money.

 

Interesting discussion. I have owned a 575 stick since 2007. I have put 32K of its 49K behind it, and loved every one (except for one time on 405, south of LAX - 0 to 20 and back for half an hour. Hard on the left leg.)
The car is in great shape, all services, tools, etc. and will need belts this year.
I am thinking of selling it, mostly because I turned 77 yesterday. What does this august group think it is worth, and any ideas on how to maximize the get?
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Rare 575. For sure over $100K

 

This one has been for sale for about 8 months...asking price has not budged

https://kulumotorcar.com/cars/ferrari/2002-ferrari-575m-maranello-2

 

2016 was a great time to sell used Ferrari cars, now it seems it begins to be a great time to buy some...
Which also means that unless one really needs the money, it's also currently better to keep a car than to sell it.

 

I have been watching this car for many , many months. Was VERY surprised it was not selling. I posted its availability here yesterday. Today it sold. Coincidence?

https://kulumotorcar.com/cars/ferrari/2002-ferrari-575m-maranello-2

Did anyone here buy it?

 

how much were they asking? (30k mile black gated FHP fresh belt job 2002 575)

 

Could not disagree more. Have you ever bought a ten or more year old Ferrari with no real miles on it? I have. Not to mention all the display only cars I have put back in service. I really wish these comments would be reserved for those of us who actually do it. This must be the most repeated fallacy on Fchat, the worlds epeicenter for fallacies.

 

Arizonaitalian

the ask was $199900 US

 

The manual transmission is about a $100K (+) premium, over the F1.

 

I think the truth is somewhere in between these two points of view.
There is an obsession with the odometer in the Fcar market, no doubt about it.
It's also ridiculous to think that a "No miles" car can't be brought to life in good order.
My car, above, may have more miles than any other 575MM on the planet, I don't know. But I do know that it's a great car and that I am now considering offers.
Questions are invited.
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I have no vin ref. but this car seems like ...30059, sold on BAT on 6/18/19

 

Yes , it was sold on BAT for $192,222 (I watched the auction) but I believe the deal was not completed for whatever reason.