1986 412 5-speed for $126K | FerrariChat

1986 412 5-speed for $126K

Discussion in '365 GT4 2+2/400/412' started by intrepidcva11, Dec 5, 2013.

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  1. intrepidcva11

    intrepidcva11 F1 Rookie
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    Jan 12, 2009
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    Seth
    #1 intrepidcva11, Dec 5, 2013
    Last edited: Dec 5, 2013
    Here's the url on a 1986 5-speed manual 412, blu sera/crema with stated 6,300km (in storage in Italy for many, many years).

    Ferrari *412 for sale at Landmark Cars

    I contacted Landmark Cars (London) and learned that the asking price is 79,000 pounds = $126,000. I had offered, at $69,500., my similar car, a 1987 in blu chiaro/beige, with a Cavallino Classic "Best-in-Show 2+2", several Ferrari Club of America national Concours platinum awards and a just-finished full service by John Tirrell at Independent Ferrari Service, before deciding to keep the car. Is this where the market for a really fine 5-speed 412 is finally headed?
     
  2. Ashman

    Ashman Three Time F1 World Champ
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    We'll see, Seth, but I doubt it. As nice as these cars are (and yours apparently is), I think that it will be a very long time before we see that kind of price level. Even though other Ferrari 2+2's like the 250GTE and 330 GT 2+2 have vastly outpaced the 400 series in prices, and some other nice but fairly mundane cars (e.g. BMW 3.0 CS) now seem to sell for more than our cars, there just are too many choices in the $125K area and below that will work against a big price increase of that nature any time soon.

    Having said that, there is some upside these days and no real downside in my opinion. Buy a car, maintain and drive it properly for 10 years and chances are very good that you will sell it for as much or more than you paid for it. They are fully depreciated.
     
  3. intrepidcva11

    intrepidcva11 F1 Rookie
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    I think you're right, John, which is why I decided to keep and enjoy my car. Still, can't imagine why Landmark offered at that price. They must think that they'll be able to sell at well above the 'perceived' present market, whatever that is. They're not in business to make fools of themselves.
     
  4. 180 Out

    180 Out Formula 3

    Jan 4, 2012
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    Bill Henley
    My theory of the future market for our cars is that the world's pool of millionaires is constantly growing, and that this group includes many who esteem a Columbo engine (60 degree) 12-cyl Ferrari. At the same time, the pool of such cars is not growing, and possibly shrinking (expensive barn cars revived vs. cheap 400i's etc. scrapped). The would-be owners would prefer a 365 GTC/4, or older, to a 365 GT4 2+2. So the prices of these older cars will steadily climb and eventually get out of reach for the low end of the millionaires pool. That's when they'll start coming for the 365 GT4 2+2 (carbs and 5-speed), then the 400's (carbs and some 5-speeds), then the 400i's and the 412's.

    I'm not claiming this theory is particularly insightful or anything. But its triteness is probably a point in its favor.
     
  5. Ashman

    Ashman Three Time F1 World Champ
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    Just because its a cliche doesn't mean that it isn't true! ;)

    There has been a recent discussion about prices and the future for these cars on this subforum that I'm sure is easily found by searching, but you are right about the sequence or progression of price increases through the series.
     
  6. AMA328

    AMA328 F1 Rookie

    Nov 12, 2002
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    ABQ-67me68-OKC :)
    I was tracking prices on these 412s back in the late 80's, as I was very interested in them. Unfortunately, I had no money at the time, so nogo. The highest U.S. price I remember seeing for a new one was $125,000. And that was -new-. So, I agree w/above, it'll probably be a while before this one goes anywhere, even taking into account the inflation value of 1989-ish money, over 20+ years.

    I don't see these as high-end, big dollar future collectibles, as new generations of zillionaires are not likely to be interested in old, mundane technology, dressed up in subtle(read: dull to them) styling. Grey market doesn't help any, either.

    Nice to look at, though and I'd still like to own one of them :)
     
  7. rustytractor

    rustytractor Formula 3

    Mar 25, 2012
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    Russell Schacter
    £50k plus prices for a 412 totally bucks the trend on price for these cars.

    I tend to agree with other recent posts re price trends so to me this price for a 412 really is head scratching time.
     
  8. Ashman

    Ashman Three Time F1 World Champ
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    The previous owner of my 400i paid $72,000 for it in 1988 and told me that he was offered, and turned down, an offer of $110,000 for it in the Ferrari feeding frenzy boom of 1990. Like you, during those years I feared that I would never be able to own a Ferrari because the prices were so high, particularly after Enzo's death in 1988. The price that I paid for my 400i in 1998 was a small fraction of those earlier prices, luckily!
     
  9. intrepidcva11

    intrepidcva11 F1 Rookie
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    I sure was scratching my head when Landmark emailed its answer to my request for the price for their 412 5-speed.
     
  10. rustytractor

    rustytractor Formula 3

    Mar 25, 2012
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    Russell Schacter
    I know that prices in the UK are a bit different to the rest of the world but there are a number of 412 autos and manuals that have been for sale for for quite a while around the £30k range.

    At this moment I can't seem to find the manual cars but late, low mileage auto's are definitely on Pistonheads for this price

    Used Ferrari 412 cars for sale with PistonHeads

    Are manuals really worth the difference ? I personally wouldn't have thought to this degree.
     
  11. Pyrford Ranger

    Pyrford Ranger Formula Junior

    Jan 21, 2011
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    Russell, the manuals (a red one was sold, was up for £30000) the manuals are ultra low mileage whereas the autos are nearer 40k miles, but £79k is somewhat hopeful to me.
     
  12. Ramboy

    Ramboy Formula Junior

    Aug 6, 2009
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    David Ramm
    I heard from Landmark that they have sold this 412. I do not how much they got for it, but I can guess it was a decent sum of money as they didn't have it for that long. Perhaps values are on the move.

    Does anyboy know the serial number of the car by the way?
     

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