Yup, have had several and none were quartz.
I had a good look at the RM 575 manual at the auction preview drinks tonight. Very thorough main dealer and specialist history, lots of invoices and stamps. Tool kit, cover. Car looks very nice, wears its miles well. Wear to driver seat bolster (pic) which I note in the records has been addressed a few times but still there. Some new paint on bonnet and receipts for dent removal from wings. TDF/Sabbia looks beautiful. It's still done 58k miles but very nice for it. I'm now guessing it will go for 145 + premium...but who knows. Some other great cars there.. Image Unavailable, Please Login
Utter nonsense. There are plenty of genuine Ferrari enthusiasts that I know who drive and savour their cars in their jogging gear without a Patel Philippe adorning their wrist and happy to talk Ferrari over a cup of (very ordinary) tea, not your bottle of Sylvain Cathiard Romanee St Vivant 2005. I am among them. They are friendly, knowledgeable, have worked hard to afford a Ferrari. So yes, we do talk about value for money...becuase we live in the real world. For us, a Ferrari represents first and last a passion for driving. Luxury is the last thing on our mind. To suggest that we are diesel 4x4 owning, tasteless second rate plodders is just shows your arrogance and condescension in the worst possible light.
This is why I believe Maserati-owners are somewhat more sophisticated... They (now, we) have never this kind of need to tell everybody else who we are or want to be. Thats's why I have both a Ferrari and a Maserati. I love the 550 so much, but I do love the laid back enjoyment when driving a Maserati... I think it is a brilliant combo Image Unavailable, Please Login
My 17,000 mile, FHP, modular, 2005, manual, totally mint, two owner, FFSH car made £150,000 in July 2017. Trade bids went as low as £110,000 from a main dealer. £150,000 plus commission for this car means I gave mine away as no comparison to this very "used" car.
Barry- Are you just trying to be argumentative? You have posted more negativity here than we usually see. Or are you just an expert on everything? Mistaking your opinions for facts is not a great idea.
Taz: I cannot see how you came to such a conclusion. Like almost everyone else here I post as mix of fact and opinion. I don't believe I have claimed any opinion as fact. Please give example(s) if you believe otherwise. Or is it just your opinion? On the other hand, the post to which I was replying immediately above (themaven) was insulting in my view to a large group of Ferrari owners and Fchatters that I do know, and more negative than anything I've posted on this thread.
If this was the car which I once saw at a southern England dealer, then the £110k dealer bid feels way low for such an immaculate car. I noticed that used stock was moving slowly for dealers in the UK, so perhaps they didn't want to add to it. FWIW, I searched for a year a so in the UK, and the lowest price car was still 10% higher yours albeit with fewer miles. What was surprising was the number of less good cars asking much higher. I guess they haven't caught up with the reality of price trend this year for the so called modern classics. Thanks for sharing your transaction details - very useful data point.
Your car was much, much nicer than this one, Scraggy. Although this one has been well looked after while it was driven as it was designed to be. I'd say yours is worth £30k-£40k more than this, at least. Strange things can happen at auctions; but who knows. We will find out later today.
575 manual is a superb car, however it is not an LE and is close to 550 manual which are prolific. I think the market doubled in two years and got over excited. Am sure it is a good bet for "cheap" motoring but my experience was that extracting cash (as opposed to a valuation or the dreaded SOR) is a different matter. I think politics, green, EV and AV and outlook for petrol cars is hanging over all but very special cars a bit. There is definitely a redundancy risk, more so in Europe where people surrender personal freedoms quicker than the US.
Yes, and watch for Slades, all SOR by people who bought high many with say 75% finance so can't reduce valuation.
Very good observation. It might go towards explaining some asking prices that seem a long way from traded levels. When I was selling my manual 430 spider recently, I asked for it to be advertised at a (reasonable) price not POA as they had wanted. They did not want to undercut a similar SOR car which was valued way off market because of the financing. The SOR car got returned, not surprisingly.
So someone was prepared to pay £165K. That sounds to me like they were not put off by the mileage, but prepared to pay a premium over a 550 for rarity. But was the seller prepared to accept £123K? That's auctions for you - you may get the top price in the market (though that's debatable - how many people are prepared to pay top price for a car that they have had not even had the chance to drive, let alone had PPI'd?), but the auction house pockets 25% of the value of your car. And the tax man takes his slice, too.
Agreed. No sale - HB was £140k. Guess the answer to your question is no unless there was some action on the sidelines afterwards.
the 575 manual in London RM auction did not sale - had a friend there, apparently no frenzy Results: https://www.rmsothebys.com/lf17/london/results/?salecode=lf17&sort=lot&year=2017&category=Cars
RM London was a very unexciting affair, the rounds of applause for new record prices now seem a distant memory. I think I would be concerned if i was a restoration shop as here and at Pebble Beach i saw many cars go for far less than the money that had been spent on them. As for the 575, it seemed a good honest car, probably worth 140/150 but with the auction house scooping a big chunk out of buyer/seller pockets I'm not surprised it didn't trade. Added to which they were charging £5 for a small beer at the bar, to people who had paid £200 for a paddle. I ended up bidding for a car against the son of the the owner of the house. Did he have to factor 15% comm into his bid ? I doubt it. Not a good experience.
I agree, it was a bit of a damp squib. Graham, we missed the opportunity to meet over an expensive microbrew; or an expensive glass of blanc de blancs cremant de loire (posing as champagne). As an aside, what was curious was that a number of the cars I looked at seemed a bit, well, meh. Not best of breed, which is not what you expect from this auction. The 575, we have discussed, an honest 60k miler. One car was from Saudi and had sand rash, even on the CF mirrors. One of the star lot Porsches had been in a major wreck on a German circuit, expertly repaired. Another was Antipodean and had a hole cut in its bumper for a tow hook. (I have avoided identifying them in case a reader purchased them.) Not all the lots were tainted, but I had expected more pristine cars, starting with Scraggy's 575, for example. Still, on to Maranello. And the 575 is still looking for an owner. If anyone here wants to buy it, I know the garage who did the last inspection on the car, which will give you an honest assessment. I have no affilation with the car.
Looks like a number of people who entered their cars with no reserve may be regretting that decision. A very high proportion of DNS. Not a successful auction. I do wonder sometime why people choose to sell at auction, given the huge margin between what the buyer pays and the seller gets. Take that 575. If the high bidder had offered the £165K that he was prepared to pay to the seller in a private sale, the deal would have been done and both parties would have been very happy. The buyer might even have been prepared to pay more, because he would have had the opportunity to do a PPI.
