Official Ferrari 812 Competizione and C Aperta value thread

You get something truly special when you combine the 812 CompetizioneA with Giallo Triplo Strato paint. The best part; no 'vortex generators' blocking the view on this convertible!

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- Luxury Pulse

 

Does anyone have any data on recent 812 Comp/Comp Aperta values in the US?

 

Some recent sales:
- 2022 Greenwich comp last listed 1.85 (528 miles)
- 2023 Seattle comp last listed 1.95 (66 miles)
- 2023 Greenwich comp A last listed 2.55 (969 miles)

Market seems to be holding strong on these despite dealers now allowed to list inventory publicly.

 

Glad that Comp and Comp A markets are strong. However , give me an 812 SF or an 812 GTS and I will keep the change, and invest it wisely, have just as much driving fun, and do better from a financial standpoint. I will humbly sacrifice the bragging rights!

 

Not just bragging rights. 812 vs comp are completely different animals!

 

This!

 

Having driven the 812's and the comp versions, the difference in values correspond to the difference in production numbers not to the difference in performance or driving characteristics. If you think that an 812 Comp A is 5x-6x better ...then pay $2.5M-$3.5M, rather than $500K-$600 for an 812 GTS. The differences are much more proportional to the difference in base price. For me, the ideal version would be a somewhat heavier Comp A, with an automatic top as seen on an 812 GTS. Do you really believe that the values would be so different if production numbers were equal???



















kK!

 

It's never been the case that the F12Tdf was supposed to offer 5-6x the *performance* of a regular F12 (or that the 599 GTO was supposed to offer 5x the performance of of 599 GTB, 488 Pista vs. 488 GTB, 458 Speciale vs. 458 Italia, etc.). Honestly, the average driver is not Max Verstappen and wouldn't -- in most scenarios -- feel even the base price-proportional improvement. It is just the case that the *market values* (a.k.a. what rational actors who have the money and must choose whether or not to part ways with it) of the special cars are ~4-5x+ higher. And that's a factor of:
- better performance
- better design
- better sound
- limited production/availability (and to build on this, *most* owners will never sell theirs... so it is hard to get an ideal spec)
- ownership signals seriousness about collecting to the brand (thus, on the margin, it could help open access to the next special car)

Honestly I was a fairly recent skeptic as to whether the Monterey value would hold (and had kinda written my Comp off as worth ~$400-500K less than what the Sotheby's example sold for). But if you look at these recent sales, it looks like folks continue to put a *lot* of weight on the non-performance factors. Hence the market values being quite stable in the ~$2M area for a fresh Comp (w/ discounts for mileage and premiums for Aperta).

 

I agree that the 812 Comp and the 812 Comp A are great cars. Had I bought one at MSRP I would agree with your perspective. I simply would not buy one on the secondary market over an 812 SF or an 812 GTS. If you feel that the Comps are a great investment, why not buy a 2nd one?? I have no interest in building a great collection. I want 2-3 complementary cars, each having a definitive purpose, with a Ferrari being one of those. I may never buy another car.

 

Makes perfect sense to me and it sounds like you know exactly what you want. The 812 GTS is one of my favorite cars ever. Honestly with F12, 812, comp, 12 cilindri we’re really talking about amazing vs amazing vs amazing. Enjoy good sir!

 

I think you’re fishing for an argument my guy.

I didn’t contend that buying at current levels *is a great investment.* My “perspective” was to just break down why these trade where they do (yes, it cannot be rationalized on the basis of performance alone… but when you factor everything else e.g., how historical special cars have traded long-term, design, limited quantity, where owning one puts you vis a vis getting a look at the SP4, 12C Comp A, etc. … then you can squint and see why people pay the high dollar prices for them).

If I wanted to make money on my money, I think VOO is clear of buying a Comp A for $2.5M. Likewise, a GTS and VOO probably puts you in a better spot financially. Not arguing that with you.

On the other hand, if $2.5M isn’t going to make or break you and you are newer to the brand… you could in theory buy a 812 Comp A, get an allocation of a 12C Comp A, sell your original 812 Comp A for as much if not more than what you paid for it, and then lastly take delivery of your 12C Comp A for $750K purchase price that is immediately worth $2.5M… now the returns don’t look so bad, do they? All a matter of perspective.

 

In terms of “value” where you feel comfortable at $500k others feel at $5m, same level of anxiety and pain threshold, they are just shopping in a different bracket with different money and a different mindset, it might not make financial sense to you but it does to others, hard to judge the market for everyone from your perspective, some of these buyers do not qualify for these cars at MSRP but they still want one in their collection, some of them fall in love with it after, some buy one just because their friend has one, some spend $20m + on their first Ferrari at a charity auction etc.
Having more money to invest doesn’t always bring you the most joy in life and once you overcome that you are looking at freedom, freedom to do whatever you want, it doesn’t need to make financial sense any longer and in relation to this model the market speaks and what it say is that the cars are worth $2m + or close to it and if you want one you have to pony up if not of course the alternative is to get what you can because as you said the difference isn’t astronomical, good luck with your ride enjoy it in the best of health.

 

I enjoyed your response and your perspective. When I bought my 1st collector car in the mid '80's, I passed on a NART Spider, a 250 LWB California Spider, a Daytona Spider, and a few others. I went with a MB 300SL, and ended up with a series of them over a 30+ year period. I decided to buy my cars only with the profits on the cars I sold. I did it this way because the people I knew who had the most valuable collections did not become wealthy due to their automotive hobby investments, they became wealthy in finance, real estate, by selling businesses they had built etc, etc. While I made mistakes by not buying, or by selling too soon, I had a fabulous experience in the hobby. I vividly recall, as my wife & I rolled over the trophy ramp at Pebble Beach, telling her "we might be the poorest couple
in the field!" Later we sold the car for $2.5M+, having paid $150K-. For me a $2.5M car was often not more fun to drive than another worth far less. There are individuals in the "Ferrari Game" who drive in a different lane than I. I prefer to have only a small percentage of my worth tied up in automobiles. I love to look at and admire great cars and great collections. When I drove an 812 Comp, I just was not motivated to add $2M+, to my cost , as I felt the differences could only be experienced on a race track. I have never driven a Daytona SP3, however , would have bought one at MSRP, if given an allocation. That car moved me far more!! At the end of the day I'm am unlikely to ever buy another car, unless I find an 812 GTS which I like more than the one I own.