Jesus. The quality this year is insane.
I have a question, and please don't get me wrong. How is it that 0899 as described isn't a replica as it's got a body created not in period, and a new engine, also not in period, and a non-matching differential? It seems to me that's a complete from new car, not a vintage Ferrari no different than other replicas created in modern times from modern material and labor. Just don't understand how some of these are treated, while others are pilloried. Perry
Suggest to ask the people who miraculously certified one of the various vehicles. Apparently (parts of) the original frame were deemed original. Marcel Massini
Thank you Marcel. I know I'll never have that opportunity, nor do I really deserve an explanation. It just seems wrong, if the right people, or enough money is involved, anything goes. Perry
I am worried that, even if we were in great market, there are too many important cars at one venue for any market to absorb. couple this with the naysayers waiting for the opportunity to say its over this could be a self inflicted wound.
I agree. I know few people postponing acquisitions for their recently expressed interest in mid-to-higher end vintage cars and not just Ferraris. OTOH, for me personally, even if perceived values of (small) handful of cars I'd love to own were to get slashed far more than 50%, I still couldn't afford any of them.
I would only note that most of the $10mm plus cars are being bought by billionaires and if there is one thing we have learnt from previous financial crisis its that billionaires are almost always secure from any harm. Every traditional and modern investment vehicle is losing money at the moment and with interest rates still hovering around zero I would guess that if you are a Californian tech mogul or New York investment broker you would simply finance and buy whatever you want. I mean who needs a second NY penthouse, Gulfstream or mega yacht and that $300 mm would buy a lot of cars. The sub $10 mm market could be hurt but it wouldn't be the Monterey market without the winners, and losers, and I am certain we will see plenty of both.
Thank you. It wasn't posted on RM's available lots page. How does the estimate compare to the price when RM had it as a private sale previously?
I don't know what the current owner paid but they have made the car more correct since. It had a strange home made carburettor air filter on it when auctioned in 2014: Image Unavailable, Please Login But now it has the correct one along with other corrections which is great to see: Image Unavailable, Please Login
Nah, Monterey in August, booze flowing, everybody you know has stepped on a rainbow, nobody lives forever. Sent from my iPhone using FerrariChat.com mobile app
Some nice prototypes coming up for sale. https://www.mecum.com/auctions/monterey-2022/collections/ferrari-prototype-collection/?fbclid=IwAR1Dr-iBOIcRDJ3bL1rlTgHJEPko2oxjQeqIaI-xnkEROl8iysGElXehNi0 Marcel Massini
‘interesting. Are these prototypes still owned by SpA? If they are, just as interesting is they are being sold through Mecum. RM had been the auction house most closely associated with SpA.
No, not the factory. Private collector. About a dozen of these LF prototypes were sold post 2015. Some to UK, some to USA, some to Czech Republic and to other Europeans as well. This has zero to do with RM. Marcel Massini
A little bird tells me that those prototypes appear to be "owned" by Andy V., an Australian born art entrepreneur (promoter of Richard Hambleton), active mainly in NYC. Marcel Massini
Not that it matters a jot but I wonder if these cars can be registered and driven on the road. I assume even when newly ex works you would get no warranty but further I assume they are also legally non compliant and in the USA you would only get a show & display exemption? Would a potential driver be better to look for a legit LF rather than one of these, any opinions from you or any of our Fchat brethren?
In the UK it should be possible. Only modification that'll be needed is RHD headlamps which I presume can be taken from a factory LaF. Rest of the world would be a lot harder. But even if you can register it anywhere, what about servicing? I assume lots of non standard parts except on PS1. If PS1 is able to be road registered with the vin in most western countries AND if you can get it well below current values, that would be the one to have. The other 2, unless parked in a dungeon somewhere and used as a dinner party talking point...I can't comprehend spending good money on it.
This group of LF prototypes used to belong to a Gstaad/Switzerland-based billionaire who then purchased some expensive paintings (think Basquiat, etc.) and gave the cars in trade. That's why the aforementioned NY art entrepreneur A.V. has consigned them to the sale in Monterey. Marcel Massini