He had already inquired about this thread during the auction. But maybe he got more info after. @Viking5636 bought it on BaT also for 100k more, but if @Viking5636's not a *hill bidder I'd be very surprised
Well, it seems to be a matter of fact that this car is in wrong hands. No matter if Mr. Koester or Allianz Versicherung AG is the owner. But time will tell…
Go get 'em https://www.autoscout24.be/nl/aanbod/ferrari-512-f512m-1-501-benzine-rood-193c9d64-2ec9-4d4f-99a1-27d36fe6bad6?source=dealerpage_stock-list
Still for sale... https://suchen.mobile.de/fahrzeuge/details.html?id=394049586&scopeId=C&action=parkItem&vc=Car&s=Car
Quite a few M's for sale so one with a questionable history ... Congrats on getting the info out. Lots of questionable behavior and outright fraud is covered up by "reputable" parties.
Following with interest. For a non-F car (where Marcel might agree to be engaged by me) there is not much you can do by way of due diligence on a private sale. Interpol does not share information, other manufacturers don’t keep good records. The online vin search databases are a joke when old cars are involved. So you buy on good faith and incomplete due diligence and enjoy the car until you try exporting and re-registering it.
Dealer selling it was not exactly transparent. The two platforms where it sold - meh. Kudos to Broad Arrows for pulling it. Reporting shady behavior to most "reputable" platforms results in stonewalling.
I received this from Car & Classic yesterday: Hi Thanks for the message, we've removed the vehicle for sale.
Yep, they def. removed it. The VIN was not exactly mentioned - someone asked about it. Good thing on euro cars part of it is on the windows.
I won this car (red on black 512M VIN#ZFFVA40B000099983) at auction in February 2024. I was more interested in, and still am, a 512TR but I was getting anxious hence I bid on this car and won. The purchase ended not happening because it was taking long to get answers quickly enough and I moved on to pursue purchasing my true interest (a Euro version black on tan or Grey 512TR - I am still looking) I have been a member of Ferrari Chat for over 20 years. I have no vested or financial interest in this car; I am making this post to share what I learned about this car. After I won the auction last year, I engaged an attorney and invested thousands of dollars / over 50 hours researching this car. I have redacted the individuals’ names however their names and the information I am sharing is readily obtained from this thread and other available sources– NOTHING here is private or confidential. The key items of information are as follows: Original Owner – He was the original owner of this car and a very respected member of the Ferrari Community in Germany. Attorney Representing Original Owner – He is an attorney in Germany and is representing the Original Owner. He is an active member of Ferrari Chat, the originator of this thread and a respected attorney and member of the Ferrari community in Germany Current Owner – Passion for Classics is the current owner of this car. He is a very respected automobile curator and dealer based in Europe Allianz – insurance company that insured the 512M when it was stolen. MODIS – An internal Ferrari computer system that flags Ferrari’s that are believed to be stolen or have questionable histories. If a Ferrari is flagged on MODIS, Ferrari authorized dealers are not supposed to service or sell these cars. I am told a Red Dot or “Block” is a stolen car. GM at Ferrari– General Manager of Ferrari Copenhagen, Denmark Here are the facts that I believe everyone agrees with: The car was purchased in Germany in 1996 by the Original Owner. The car was stolen from the Original Owner off a street in Milan on September 17th 1997 The Original Owner was paid a settlement from Allianz in 1998 After it was stolen the car traveled through Europe, Japan and then back to Europe. The documented service history goes back approximately 5 years from Ferrari Copenhagen, Denmark The GM at Ferrari Copenhagen states in writing the car does not have a RED Dot in MODIS The car was purchased from Ferrari Copenhagen by Passion For Cars and imported in the US (importing cars into the US is a primary business of Passion For Cars) The car was listed for Auction at BAT and sold – the buyer backed out, I was told, due to non-OEM glovebox and exhaust. The car was then listed for Auction at Broad Arrow in August of 2023 During the auction the Original Owner made a claim to the car The Original Owner and the Attorney Representing Original Owner requested compensation for the theft of the car. I saw correspondence and spoke with Broad Arrow - The Current Owner pulled the car from the auction; Broad Arrow was willing to let the auction continue with additional disclosures. The car was listed on PCarMarket in February 2024 and I won the auction While waiting on responses from Ferrari N.A. / Ferrari S.p.A. and inquiries into European and US law enforcement to respond to my questions the Current Owner and I agreed to cancel the sale. After we cancelled the sale, I was told that the car does not have a Red Dot in MODIS. After we cancelled the sale, the requested research came back that the car is not currently listed as stolen or flagged by Interpol or on any database we searched in Europe or the US. All parties listed above are known to one another. What folks do not agree on is: Does the Original Owner have a claim / is he entitled to compensation My goal here is not to get into a debate about whether the Original Owner is owed anything. I have no dog in this hunt (I do not own this car and will not be buying it). I am doing this only to share what was a lengthy process to research this car I wish all parties good luck. In addition to many others, I have had interaction with the Attorney Representing Original Owner and the Current Owner (both have good reputations) and they are, in my opinion, reasonable and respectful folks.
