the Ferrari market watch thread | Page 1695 | FerrariChat

the Ferrari market watch thread

Discussion in 'Australia' started by ashsimmonds, Oct 21, 2006.

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  1. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,174
    Mount Isa, Australia
    Full Name:
    Pap
    Yeah, that's a beauty!!
     
  2. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,573
    Full Name:
    Mike
    It did, and It's come back, available through Mark at MMotorsport.
     
  3. Gleggy

    Gleggy Formula 3

    Sep 22, 2004
    1,443
    Land of Oz
    Full Name:
    Gleggy
    Yep that's it.
    I loved that car
     
    kerrari likes this.
  4. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    Make an offer
     
  5. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,573
    Full Name:
    Mike
    YouTube channel brought together an SF90 Stradale and a 765LT for a straight-up quarter-mile drag race to see which would be quickest.

     
  6. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    34,652
    Brisvegas
    Full Name:
    Jon
    Gee that's quick.
     
  7. kryten2001

    kryten2001 Formula 3

    Asking prices of classics seem to be going through the roof recently. Is this indicative of actual market values, or are people just taking the p*ss?
     
  8. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    58,225
    Australia
    Full Name:
    John
    Well I want $1.2M for mine :p
     
    knocker likes this.
  9. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    58,225
    Australia
    Full Name:
    John
    and yes, I'd be taking the piss :D
     
  10. kryten2001

    kryten2001 Formula 3

    Just curious how close asking prices reflect the actual market because pretty much anything rare and collectible is going nuts at the moment. Watches, rare coins, antique furniture...
     
  11. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,573
    Full Name:
    Mike
    My observation is that Ferrari's are selling (I see that through new memberships of the FCA ) and that the popularity , and hence asking prices of certain models have increased since mid last year.

    There are probably number of factors behind this - (in no particular order),
    People are bored, can't go O/S so decide to treat themselves with a car / luxury good
    The Australian economy is doing quite well
    Real eastate prices have increased quite a bit, so people feel "wealthier" and happy to spend. E.G. Sydney house prices have increased enough in the past year that if you drew down the increased equity (to fund a 360/430 etc Ferrari) , your net home equity position would be about the same as it was at the beginning of 2020. So a free car ?
    Interest rates are at historic lows, so the opportunity cost of capital is very low. may s well buy a car instead of money in the bank.
    M
     
  12. Gleggy

    Gleggy Formula 3

    Sep 22, 2004
    1,443
    Land of Oz
    Full Name:
    Gleggy
    BB to finish Peter
     
  13. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,174
    Mount Isa, Australia
    Full Name:
    Pap
    All that sounds good, might have to treat myself to another guitar. :D
     
    Its328 and wrxmike like this.
  14. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,324
    HongKong
    Full Name:
    Gary
    If you want some Antique Furniture call me...:)
     
    greg246 likes this.
  15. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    Yes.... But at least there's a real chance of buying the 308 lol
     
  16. kryten2001

    kryten2001 Formula 3

    If true, then this is pretty stupid (of people).
     
    BRDC likes this.
  17. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,573
    Full Name:
    Mike
    According to my Sydney based friend who's an accountant, it's actually quite common, his quote "you'd be surprised at how many people are funding their lifestyle by eating in to their home equity".
     
    kerrari likes this.
  18. kryten2001

    kryten2001 Formula 3

    Strange how people see it that way... Eating into equity? As if you have somehow "made" money if your house goes up in value. Only when you liquidate do you make anything, and little good that does you if you have to buy another house to live in.

    Debt it debt whichever way you want to measure it - but hey whatever makes ya happy I suppose YOLO and all that!
     
    Maranello550 and IanB like this.
  19. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    You sound a bit judgemental.
     
  20. kryten2001

    kryten2001 Formula 3

    Ken oath.
     
  21. FazzerPorscheman

    FazzerPorscheman F1 World Champ

    Jul 28, 2010
    14,932
    Piz Gloria
    Full Name:
    EnzoFerdinand
    Judy?
     
  22. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    Are you calling her mental?

    How dare you!
     
  23. DMWC

    DMWC Formula 3

    Jan 23, 2013
    1,718
    Sydney Australia
    Full Name:
    David C
    The real reason is that KIAI sold his 575 so the market naturally had to rally up in price


    Sent from my iPhone using FerrariChat.com mobile app
     
  24. simon klein

    simon klein Two Time F1 World Champ
    Owner Silver Subscribed

    Feb 25, 2009
    28,802
    North Qld
    Full Name:
    simon klein
    jmillard308, greg246 and Maranello550 like this.

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