is the bubble due to burst? | Page 164 | FerrariChat

is the bubble due to burst?

Discussion in 'Vintage Ferrari Market' started by PFSEX, Jan 18, 2013.

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  1. amenasce

    amenasce Three Time F1 World Champ Silver Subscribed

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  2. 375+

    375+ F1 World Champ Silver Subscribed

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    Yes, first the high bidder and then the consignor. Mazeltov!
     
    colombo2cam, fiatosca and readplays like this.
  3. amenasce

    amenasce Three Time F1 World Champ Silver Subscribed

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    But in all seriousness, why bid 100% over mkt value?

    Wasn't alloy.
    Rudge wheels don't command that much of a premium..
     
  4. DWR46

    DWR46 Formula 3 Honorary

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    That car was the one standout from all the Arizona auctions. Otherwise, things seemed kind of "blah".
     
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  5. Octonion

    Octonion Formula Junior

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  6. JP365

    JP365 Formula 3

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    Throwing out some old car mags and I Thought I’d post these 2004 ads to make us laugh Image Unavailable, Please Login
    Or maybe cry ;) As some of you know I don’t believe in the classic car bubble. I believe in the soufflé. Hot air will escape again just as it has in the past.
     
  7. roma1280

    roma1280 F1 Rookie Rossa Subscribed

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    that is going to be the high print for a VERY long time
     
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  8. Ryan S.

    Ryan S. Two Time F1 World Champ Silver Subscribed

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    Demand is still higher than supply 20/30/40 years ago. You are correct in that those numbers are not coming back. These cars are now given art valuations and are no longer seen as just well organized bundles of metal, rubber, glass, etc........
     
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  9. Juan-Manuel Fantango

    Juan-Manuel Fantango F1 World Champ Rossa Subscribed

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    From my perspective the bubble sure seemed to burst at Broad Arrows Amelia if the estimates were right, especially on some of the classics that brought half or less than half of low estimate. I know that room is full of smart savey wealthy buyers, so are the cars questionable? Some of the cars did well according to estimates but it seemed most estimates were off? I'd like to hear from an expert. Thanks
     
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  10. DWR46

    DWR46 Formula 3 Honorary

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    Not very many of the Gooding cars made the low estimate. Luckily, Gooding had the largest number of "no reserve" cars I can remember for one of their auctions.
     
  11. Edward 96GTS

    Edward 96GTS F1 World Champ Silver Subscribed

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    ^ generational thing?
     
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  12. 375+

    375+ F1 World Champ Silver Subscribed

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    Dyke I think that when a consignor agrees to a No Reserve sale the auction house may allow an optimistic estimate?
     
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  13. Texas Forever

    Texas Forever Eight Time F1 World Champ BANNED Rossa Subscribed

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    I'm out of the loop, but it appears that there is more supply of vintage/classic cars today than in the past. Am I incorrect in this assumption?
     
  14. DWR46

    DWR46 Formula 3 Honorary

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    375+: You may be correct. Estimates are negotiated between the auction house and the consigner. I do know that some auctions prefer to use low estimates as they believe the lower estimate generates more bidders, and the price goes up as a result.
     
  15. TTR

    TTR F1 Veteran Rossa Subscribed

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    Do you by chance know who restored her ?
     
  16. TTR

    TTR F1 Veteran Rossa Subscribed

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    I've always thought, right or wrong, other than highly sought after examples likely to generate serious (bidding or marketing) interest, most cars with "reserve" in most auctions, especially large scale ones, seem to come from their "regular" consignors, like auction houses own inventory "collections"/warehouses, partnership dealers, etc, while most "no reserve" consignments seem to come from those infrequently selling only a car or few and perhaps "shop" between houses for the "best deal" they can get and/or hoping to get a "reserve".
    I hear all the time (and have for decades) from individuals who tried to get their car(s) consigned and sold through an online or physical auction, only to get turned down if they try insisting on a "reserve" to be set.
     
  17. ttforcefed

    ttforcefed F1 World Champ Rossa Subscribed

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  18. Texas Forever

    Texas Forever Eight Time F1 World Champ BANNED Rossa Subscribed

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  19. DWR46

    DWR46 Formula 3 Honorary

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    Timo: I do not know anything about the B-J Gullwing except that it sold for an abnormally high amount.
     
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  20. TTR

    TTR F1 Veteran Rossa Subscribed

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    Thanks for clarifying.

    So perhaps it can assumed it might’ve been one of those “smoke & mirrors” transactions we all have periodically witnessed (knowingly or not) over the decades, especially when it comes to these circus/TV show auctions.
     
  21. Capt. Rich

    Capt. Rich Formula Junior Silver Subscribed

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    Amelia, Broad Arrow auction had a 365 GTC 4 sell thru at $142,500. That sure seems low for what appeared to be a good example.
     
  22. Maranello Marshall

    Maranello Marshall Rookie

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    The reason Broad Arrow was flat was the Auctioneer (!) The very WORST I have ever witnessed. I was at both Gooding and theirs and the cars/ motorcycles brought really tall money @Gooding. Example: 2004 575M $280,000, 2011 599GTO $907k, 2000 550 $318,500
     
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  23. 375+

    375+ F1 World Champ Silver Subscribed

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    Charlie Ross is the best.
     
  24. Octonion

    Octonion Formula Junior

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    365 GTCs generally do not get much love it seems. Bid to $128K in March 2023 although this is a not so ideal example.

    https://bringatrailer.com/listing/1972-ferrari-365-gtc-4-3/
     
  25. Marcel Massini

    Marcel Massini Two Time F1 World Champ Honorary

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    Bowzer, Octonion, 375+ and 1 other person like this.

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