Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550?

Thanks Eric. I see that, but why wouldn’t those same collectors buy cars from dealers? I don’t understand that side - it seems BAT is more expensive than the market, and as an auction site, less reliable. That’s the obverse of why you would usually buy a car like this at auction.

an example from gated 430 world here.

https://bringatrailer.com/listing/2006-ferrari-f430-berlinetta-9/?utm_source=transactionalemail&utm_medium=email&utm_campaign=bat_watched_listing_ended

there are examples with fewer miles, on sale for less, at dealers. Why not buy one of them?

I own two gated 430s and still think this is strange.

 

Yes, defies all common sense.

 

Question which is more collectible/ desirable a low mileage original 575 Maranello or a low mileage 575 that was converted to manual? I would prefer the latter as my thoughts are that it is the way it left from the factory, unless you send it back to the factory to do the conversion; thus it would be an authentic I.e parts number matching.

 

Ben- When you change from F1 to 3 pedals, the same transmission is used, so all the numbers still match. I doubt the factory has the parts to convert a 575M now, but I guess Classiche could make them. Would hate to see the price for that, even if they would do it. Aston does, normally Ferrari does not.

 

Ok so would from collectibility stand point be the same original F1 vs non factory change manual?

 

Curious to know, as I’m making a bunch of parts now to convert v12 cara to manual.

Lack of originality doesn’t seem to have hurt EAG’a sales of non-original 430 conversion kits, not the prices of the converted cars.


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Ben- You can always get a factory build sheet or option sheet to tell whether a Ferrari is an original 3 pedal or not. What that does to value is an open question, as Robin noted, and really depends on the buyer. Many owners have decided they want 3 pedals, but cannot afford a real one. Neither the 575M nor the F430 are currently collector cars. There were approximately as many original 3 pedal F430s built as there were total 575Ms built.


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If the cars become big collectibles (still an if) then if the history of collectible cars is anything to go by, originality becomes very important in terms of value creation.

If on the other hand it’s about having a car with such and such a gearbox, then if it’s well done, it doesn’t make a difference in terms of driving experience.

Taz - there has been a lot of debate on the 430 board as you know about gated 430 numbers. No factory stats. The estimates seem to run from around 1200 to 2000, which is less than the production run of 575s either way?

 

Darius- My estimate is around 2000 F430 3 pedals and 575M production is documented as 2056 or 2064, paradoxically from the same source.

 

Thanks Eric. That’s interesting. I guess it’s like me buying cereal from a local store that’s more expensive than a supermarket..they don’t notice the difference in price. And maybe also want to be seen to be buying the cars, which doesn’t happen with a dealer.

still strange though. The very wealthy people I know are pretty smart with money and purchases but it takes all types.

 

Between the different options for buying or selling a car -- live auction, online auction, private, independent dealer, OEM/official dealer -- there are pluses and minuses with each option. There's no single best way, only a way that best suits one's personal needs and priorities based on cost, risk assessment, time and convenience, and experience.

 

I actually think 550’s are undervalued big time. I have a rare sebring blue/cuoio car which i am putting back to be perfect after years of non use. When perfect i will drive her and not make her into a lawn queen.
What i don’t get is the obsession and premiums low mileage cars fetch. The less you use a classic the less reliable it becomes. Also the more the premium for low mileage cars the less people will use them so not to affect their value. It makes no sense.
You buy the seller, the paperwork, the history of the car.
I like cars from people who used them and love them.
If its at auction/bat/private/dealer its almost irrelevant.
I almost got caught overpaying for GTV 1750 a few months ago as i realised how good that one was.

Anyway great debate!!!


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I think the other thing about BaT, and I'll admit, its even nice for me, is that they present all of the information up front (usually, even if I have to request a cold start video EVERY time for Maranellos). Otherwise, dealing with private sellers and dealers you have to be a private investigator to piece together the history, calling the shops and dealers they were said to be serviced at to get the full picture. Also, the pictures themselves are more plentiful and thorough. Realistically, it's difficult to travel right now so being stuck with sight unseen it's almost better shopping on BaT.

 

There is an interesting thread about reliability and mileage with a few heavyweight mechanics involved in the general Ferrari forum here. The prevailing view seems that lower mileage does mean a better, more reliable, less worn out car.

 

that’s a good point, the same is true with the online auction site Collecting cars here. You get pictures of every detail. It’s so irritating when dealers just send you their “arty” photos or a walk around video taken with a 1940s pinhole camera which tells you nothing at all.

 

Of course a manual 575 is more worth than a converted F1 in terms of collectibility. But on the other hand, for a driver, the F1 is more advanced and more practical. So actually a converted manual should be more interesting to quite a few by the fact that it CAN be put back to F1 shift at a later stage... In my (slightly subjective) perception, the 550 will always be the original and the perfect GT whatever whoever says. It is a more robust less complex car too and that will be a plus as parts start to be harder to find. After cruising around in the south of France and especially Monaco, it is always a prestene 550 or 550 Barchetta I see on the road or in the classic car showrooms. I have not yet seen a 575...

 

Erik, I would love to hear about the first person who converts a manual 575 to a F1. That would be like converting an aftermarket Daytona spider back to a coupe. Easier just to buy a F1.

Interesting what you say about seeing more 550s. They did make more, by a ratio of approximately 3 to 2. I don’t really have a bias either way having bought both 550 and manual 575 more or less simultaneously. But I can tell you that a well specced manual 575 is everything a 550 is, plus maybe 20 percent. I do think the 550 looks a bit nicer but that’s subjective.

 

Read all about the comparison here for anyone who missed it

https://www.lux-mag.com/best-modern-classic-ferrari/

 

Did 575s commonly say "550 Maranello" with a different tire size in the door jamb? That one did?? I bid early but couldn't bring myself to keep going.