30,000km. Don’t know how nice it was. Didn’t appear they had money on it but we’re trying to get it to low number on guidance…
Thanks Paul, indeed for an excellent low-mileage F40 with the iconic Motorsports provenance of Toto Wolff, low $3ms is an as-expected result, IMO in August last year at the height of the market, this car would have brought more. 77676 brought @ $200k to $700k below estimate reinforcing the trend of below estimate results.
Yes, non cat non adjust. As I mentioned earlier, I think this was the one to go after of the three going to auction in Paris, despite having the highest miles (30k KM) of the three. $2.4MM seems on the money for the car, which was just below the low end of the estimate. The non cat / non adjust spec being a differentiator
Disagree, based on auction results, and based on the results of our specialist involvement in the market. Is the difference between the 2,185,000 Eu including premium and 2,386,596 the VAT?
This makes THJ F40 seem like a bargain now.. educated buyers are buying the lowest mileage, best cars on the market., they seldom come up,.. 2023 is starting super strong with endless friends snapping up the best cars ..
The TJH F40 is not representative of most F40s not only because of it's exceptional condition but also because of it's F1 provenance of Toto Wolff. As regards 2023 compared with 2022, the numbers in 2023 are clearly trending down a bit, since we like to use high points achieved by average European F40s (of which @ 1,100 were built) to illustrate the market, here are a trio that speak to 2022's market: 94528 with 14,053 kilometers (8,732 miles) sold for $2,500,000 on Jan 15, 2022. 94545 with 17,000 kilometers (10,563 miles) sold for $2,440,444 on Aug 5, 2022. 79763 with 4,600 kilometers (2,858 miles) sold for $2,475,026 on Nov 4, 2022. Who makes that claim and is there proof to substantiate it? Fair question because according to the seller this F40 is "perfectly conserved, as is all the bodywork" https://www.artcurial.com/en/lot-1992-ferrari-f40-4315-226 Chassis # 93942 was delivered new to its first owner on 18 June 1992 by the Autocenter garage at Ponte San Giovanni in Italy. Like all F40s, it was liveried in " Rosso corsa 300 " with matching bucket seats. This colour combination would be systematically retained for orders of subsequent supercars. Used scrupulously, this F40 benefitted from a service by the same dealer in 1992 and in 1997, when the mileage stood at 9417 km, as indicated in the original log book. The invoice file that accompanies the car informs us that a Tubistyle exhaust has been fitted and the fuel pumps replaced, that it was serviced in December 2021 at 24073 kilometres by Ferrari Francorchamps Motors. The timing belts as well as the accessory belts and their tensioners were replaced and the air conditioning recharged at Charles Pozzi in September 2022. Also in September 2022 the four Pirelli tyres were replaced, and finally very recently, in December 2022, new Lambda sensors were fitted by Charles Pozzi in Levallois. The fuel tanks are valid until 2025, as confirmed by the invoice of Aero Secur in Italy. A certificate of conformity dating from 2018, issued by the Francorchamps garage in Belgium, confirms that it is compliant in all respects, as does the precious " Certificazione de autenticità Classiche " issued by the Ferrari factory in 2017. The car comes with all its owner's manuals and logbooks, in their original pouch, a spare set of keys, its cover, the puncture repair aerosol in the original case and a complete toolkit. The car has covered 24300km today and is offered in a rare, preserved condition. The door openings show none of the usual signs of use and the upholstery is perfectly conserved, as is all the bodywork. Preserved for most of its life away from light, at a constant temperature and never used in the rain, this F40, undoubtedly one of the best-preserved examples, represents a serious investment, being the most highly developed (catalysed, active suspension, lowering windows, air conditioning) and the last Ferrari designed under the Commendatore's leadership.
High water mark cars cannot be dismissed because of condition and provenance, all of the F40 that you mentioned were all dismissed by myself and friends because of various factors so are not comparable. I do not trade cars but find and source cars for my collector friends and myself. I have bought various cars owned by F1 superstars and they attracted no premium, actually a couple were at a discount because of the way they were perceived to have been driven... In my view when buying these cars it makes no difference if Toto Wolf is the owner or say Henry Peterson..,, but that is only my view. It may be a different market for what you are seeing but I have found and placed to friends and large collections more cars this year than last and all at higher numbers... I understand different views, but I never discount a high or low car sale.. I just take a balanced, educated professional view and make the decision. I don't at present own an F40 so have no reason to talk the market in any direction.. I imagine if i was looking for one then i would be slightly more negative ( wishing prices would come back ) but if I owned one maybe more positive.. but I don't.
It was inspected by a well known expert on behalf of a European collector. Same collector found the bonhams car also had accident/ repair history that was known.
Based on all the contradictory and unsubstantiated claims, to be fair, let's just say we see the market quite differently. In a specialist forum such as this, inquiring minds wish to know for the sake of the overall market since the cars concerned were offered at public auctions. Who inspected these cars and specifically what was found to draw these conclusions. Without specific detail, it all sounds like an attempt via disparagement to suggest the cars would have brought more were it not for these stories of damage or replaced components.
no attempt to disparage - i'm not wired that way and have been around long enough, my credit worthiness is known. It shouldn't be difficult for you or anyone else to substantiated my comments, if you are enough to put the work in.
Not in this case, the cars you're casting a negative light on were being sold via public auctions in Paris, as such, the details of any negative claims made on a public forum such as this ought to be made public. dis·par·age, there's a lot of that going on in this thread for very obvious reasons, it helps talk the market up, in fact disparagement and talking the market up go hand-in-hand, it's the subtle stock-in-trade of people who talk the market up because disparagement of a significant percentage of the sales of a particular model helps to control the narrative as to why said model is undervalued. When you denigrate the car which has attained a seemingly fair market result, it leaves the impression with casual observers that the market for that type of car should perhaps be higher because the car sold was somehow substandard. By the simple expedient of downgrading, dismissing or playing down results of standard unmodified cars, the suggestion is established that results could and or should be higher. Basically, in this thread and others, you never miss an opportunity to point out what is wrong with any standard F40 which doesn't achieve a world record (yet curiously you hold out a restomod's bizarre result to be market-indicative which alone speaks volumes to the agenda), however, to be fair the disparaging claims you make against these cars are never accompanied by any proof whatsoever upon request, so they can be discredited as unsubstantiated anecdotes, which are quite different from proven useful information which would actually be helpful here. Let me tell you a story, in this case one that speaks to the disparaging opinions of so-called well-known experts as they relate to F40s. We were once retained by our client with a Private Sale of a USA F40 which was inspected for the sale by another well-known expert. He disparaged the car upon inspection claiming that he thought that perhaps the passenger door might have received trauma, or even been replaced. The car's owner was upset by this because, said so-called expert offered zero proof of his claims. The owner of the F40 then shipped the car to me from out-of-state to send it to Ferrari Newport Beach where Classiche Director John Amette and myself subjected the car's passenger door to a detailed forensic examination. After careful inspection, we were able to confirm that the door was indeed the original unit complete as it was with the original door hinge number, original door lock number, and original factory identifying markings behind the door panel and on the underside which matched those of the driver's door. We called in a Ferrari Carozzeria paint specialist with 30 years experience restoring Ferraris and it was concluded that besides a typically poor Ferrari factory paint job using their thin single-stage Rosso Corsa paint replete with some paint runs & contamination in the lower panel, the PS door and it remained factory-original. Basically, the so-called expert's disparaging claims were found to be complete BS. We promptly sold the F40 to an appreciative enthusiast. Moral of the story for anyone reading this: don't believe every negative tale claimed about F40s, half the people who make them can't substantiate them, and, people often have agendas. And yes, when we're involved, we put the work in, perhaps more than most. Rumors are almost always an exaggerated or embellished version of reality, our colleague sold the car for @ $3.6m after spending around $100k making it exceptionally nice, given the miles and the fact that it's a 1-of-211 USA F40 the number makes sense, that said, if this were August last year when the market peaked based on sales for that month, it would have have brought the rumored $400k more it's being suggested it might have, as they say, timing is everything.
Like so many other things, not just F40s the world printing vast amounts of money in the last few years means it has to be spend on something by the rich who hoovered it all up. I have not noticed any of those new to F40, owners joining fchat and getting involved in the discussions in the years since this thread started, unlike the long term owners who have always actively participated in this sub forum. This the reason I joined up, to be able to chat with them about the experience of enjoying an F40 which many of us aspire to. but also accept is probably not going to happen.
I like it, as it shows what the market was like when the thread started. Looking forward to seeing where this goes for the next several years. Sent from my SM-S908U using Tapatalk
