I don't follow the market much but I just checked Hagerty valuations of Tr's for the first time in a long while and was quite surprised. Are their valuations regarded as accurate? Seems like they're rather high overall.
Ross, I know the owner of the car, and I can tell you he is a perfectionist. Had a conversation with him Saturday, and I support his no sale. Gut feeling is that $400K would have bought it. But who knows?
Hubs, I talked to and looked at the Arizona owner of the car back when I was looking for a Testarossa back in 2016, I think it was and he wanted high $90 for the car which was a fair price. I would have bought, but could not get past the red carpet. Not long after that I decided I wanted a 512tr. $136 was indeed a good price for that car!
I'm a bit on the fence on that myself. On the one hand he wants a certain amount, but on the other hand the market is the market... Going RNM in this environment may require him to hold a great deal longer to get what he *believes* it to be worth. And at some point, there is opportunity cost in that disposition.
ok......well i have one too.....i am somewhat of a perfectionist, but i am also a driver and have driven mine some 50k km over the 22 years i have owned it. i keep it in perfect mechanical condition but it is showing signs of its age and mileage, so i have it insured for $300k. i cannot imagine the mindset of somebody willing to pay another $100k for a car that is maybe 10% better than mine. but to each his own. btw, i never thought i would see the day that a 512tr would be worth as much or more than a bbi. i own both since i love them, but the bbi is a far more special proposition and definitely an old-school ferrari in the mold of the enzo era cars.
Generational shift. The 512TR "improvements" make it less interesting / more mainstream than a Testarossa also, but some prefer that. Bet that guy wants $500k, and Bat gave him the reserve, more than a 512M. Only on Bat. Like Temptags200 said: "This is crazy. But I don’t care" - bought one for $430k and one for $570k.
I also think the 512TR is much better car than the Testarossa and more beautiful in fact, but the truth is, that the main reason for its higher price, compared to the Testarossa, is that it's much more rare - about 8000 Testarossas vs about 2000 512TRs. However, it seems, that at least in Europe, the Ferrari market is started to cool off a bit.
The 512TR is arguably the most balanced / neutral / "beautiful" of the TR series. They toned down the non-traditional Ferrari design elements, exterior and interior, so it's also more conventional. Seeing them both in the same room, the 512TR definitely pops more, the engine cover is a favorite. Owning all iterations would be ideal, but considering going prices etc, I'd personally go TR + 512M. While the 512M brought back the traditional round tailights, the overall design is polarizing, unsettled, in tension. Add the carbon seats option to complement the Mythos inspired wheels, and it would be about "perfect". If I had to choose one it'd be the Testarossa, for the old school feel, thin steering wheel, classic hand brake, quirky (and non-sticky) interior, and ... greater luggage space Would have added the "when not if" diff but that legacy feature continued on some 512TR's.
The problem with auctions is that the car is visible only for 10 days. So only the people, who were searching for a Testarossa during these exact 10 days would be able to see it and buy it. And if the car is advertised in a dealership or another website with a fixed price, a lot more people for a much wider period of time will be able to see it and consider it. Maybe some of them will have time to see more offers for other TRs and come back to your car again and appreciate its condition more, for an example. The biggest issue with the auctions is the limited time frame, that the car is advertised. But as for the market as a whole, I am pretty sure the prices will go down a little in the following 6 months.
That was a non federalized euro car. I wouldn’t buy it unless I’m sure it’s not going to be a problem somehow. Depends on your state. No way that is legal in California.
Collectingcars, Pcarmarket, bonhams' The Market mitigate the limited time exposure with "coming soon" and "deal tank". Traditional auction houses, of course, publish catalogs. The bat TR underperformed because the "gallery" and other social ingredients that form the bat magic were MIA. Without those bat is just an auction site, rather than a social media site.
I would venture to say that the number of viewers that see a car on BAT in 7 days is far greater than those that will see it setting in a dealers show room for months?
