I think low mile pristine examples are always going to command top dollar. And that car is a museum piece since as soon as you drive it the value will plummet. Pricing is all over the board but definitely are pointing to a buyers market. Even the low dollar priced examples listed don’t seem to be moving. I have specific criteria for the one I might want to get but the pricing is still around $20K -$30K too high. I know the days of sub $100k for a fully serviced great condition car are most likely gone but some of these asking prices just don’t reflect today’s reality. So I’m still on the sidelines watching.
As noted before, anyone can see what's already manifest. And nothing moves linearly, except the peanut gallery froth.
Rare color, under 12,000 miles, recent service, and classische certified. That gives a good idea of the high end of the market. The only things that might drive a higher price would be monospecchio (might impact value a little) and documented special provenance.
This is a great spec but not a top of the market car. Based off the seat and engine bay wear. Also only having comprehensive service records from the last couple of years.
Good callout. I looked more closely at the pics. There is definitely more issues with the paint than I would expect on a 12,000 mile car. The passenger mirror looks more like a 112,000 mile car, and front bumper has a lot of chips, also. The paint on my 78,000 mile car is in better condition. I guess the dilemma for an owner is whether it’s better to repaint the damaged areas, or leave as-is for preservation and originality.
It will always be cool, unusual original factory colors so regardless of stone chips, that plus low miles makes this one stand out among the usual alternatives. But, a monospec red tan low miles luggage red book cream puff my guess is the valuation top dog.
Quote from the details: "The accompanying digital Ferrari Classiche certification and Red Books validates the original factory colors and more importantly, confirms the numbers-matching engine can be found under the rear hatch. The gearbox (numbered 5185) is recorded to be a correct-type non-original unit. ..." Beggs the question as to why the non-original gearbox at such low miles or is this just my misunderstanding. EDoug
I followed that bringatrailer auction pretty closely, and almost put a bid in. (I'm just on the wrong side of the country). i didnt like that the seller was not up front about the bad condition of the dash pad, and would not say why the previous buyer backed out of the deal.
https://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?entitySelectingHelper.selectedEntity=&distance=50&zip=&utm_content=bodyListingCTA&source=email&type=LISTING_UPDATE&utm_medium=email&utm_campaign=PriceDrop_20240725&utm_term=10/26/24&utm_source=PriceDrop&sourceContext=pricedropemail&px8324=p83&ax8324=1&message_id=a289ea9f36694ceb9b7f45584851dd51#listing=389489438 Pretty good deal, classiche certified
it would have been a good deal if they would have honored the price that the car was bid up to (176k) on the no-reserve BAT auction! But dealer wasn’t happy with the result so he refused to sell! https://bringatrailer.com/listing/1992-ferrari-512-tr-29-2-2/
I don't know what king of enforcement is possible, but refusing to sell does not seem fair to me - if the seller wanted a guarantee of a minimum price, he should have put a reserve. Claiming "no reserve" and de facto applying a reserve seems a dishonest practice to me.
Just an FYI for anyone interested in the BAT car that I referenced above and is currently listed at a dealer in Northern Va. for 210k - the car is due a major and needs a clutch. So figure another 15 to 20k to be rolling down the road worry free!
BAT simply acts as a broker by putting buyer and seller in contact with each other - it's up to both parties to consummate the deal. Are there remedies, sure - but are they worth pursuing? Look at the selling dealer, he has no previous sales on BAT, so it's not like he has a reputation to damage by backing out of a deal. BAT will do what's right and refund the buyer his 5%. Sure, there are "terms and conditions" that a seller has to accept on BAT when they list a car - but is BAT going to pursue legal remedies to make things right? I would imagine the legal fees would quickly escalate beyond what BAT stands to gain - so in reality they will probably just ban this dealer, refund the seller his money, and all parties move on. AS AN ENTHUSIAST AND HONEST DEALER, I DON'T THINK IT'S ETHICAL AND RIGHT, BUT IT'S REALITY!!!! I think BAT is a great platform and I am a huge supporter and frequent seller on the platform, but unfortunately you can't believe every transaction you see. When significant sums of money are involved, unscrupulous players will always look to "bend the rules" in their favor.
I guess the other way to say it is this: if a buyer backs out they end up forfeiting a nominal, but not trivial sum. Is there a similar financial penalty for dealers /sellers on BAT?
it seems prices are raising again? https://bringatrailer.com/listing/1985-ferrari-testarossa-21/?utm_source=dm&utm_medium=email&utm_campaign=2025-01-03
