Agreed, a likeable car, for somebody to drive. The only downside I can see is black paint in the U.K. So much hard work.
A much larger percentage of UK RHD 575Ms had three pedals than for the US and the rest of the world. 27.5% of UK RHD 575Ms had the manual shifter, 69 out of 251. ROW, including the US, was only 9.8%.
I remember this car well from when it was being looked after by The Ferrari Centre/Kent High Performance Cars a few years back. It hasn't been driven much since. On another note, it has had the following: "the suspension components scrubbed down and treated with Dinitrol" Is this a thing we should all be doing? Sounds expensive to do if you have to disassemble the suspension. Or do you just spray it on? Does that even work?
Darius- I believe it is a spray. DINITROL 977 is a semi-transparent, water-based corrosion inhibitor for the protection of cavities in vehicles, lorries, buses, and other vehicles that require corrosion protection. It can also be used as universal protection for machines and machine components.
I may be wrong but I don't think so. Scraggy's car I think had less than 20k miles and was a bit better presented than this one
Scraggy had a Nero/Crema 2005 https://www.ferrarichat.com/forum/threads/how-many-rhd-575-gated-with-fhp.503443/ (post #11) This early Nero/Sabbia example (delivered in Jan-03 - RA52 ZZN) looks to be in fine condition. Odd that it needed a gearbox rebuild in 2014 (invoiced at £14k including an expensive retrim of the dashboard: details on CC's images 193-195/203) Hope it goes to a good home!
Unsold. Did anyone see the final bid? It was at £140k+ about an hour before the end of the auction...
Well remembered! I think Scraggy’s car was much nicer than this one, not just on the mileage side. He let it go cheap.
So £157,200 with fees. That seems like a good bid to me in the current market. But the seller want's what the seller wants. Dealers like Slades don't help, advertising consignment vehicles at prices they are unlikely to realise.
You also have to look at the practicalities of buying at auction. £157k and you arrange to pick up your car and if something blows up on your way home, tough. A good dealer selling the same car would have firstly checked and corrected any issues at the seller's cost, say £5-10k on average, and then you have a statutory warranty of 3 months and whatever other goodwill the dealer gives you. Add those up and it's worth £15-20k to most people including me. A less good dealer would just take a consignment fee, but be less trusted by purchasers. I suspect purchasers of these cars are not mugs. Any dealer would take maybe 10-12.5% commission. So the vendor would need to expect this car to have advertised from a good dealer for maybe £190k and sold for £180k from a dealer, to do much better out of it, including auction fees in the equation.
Coming along like buses now...another one on CC. https://collectingcars.com/for-sale/2002-ferrari-575m-maranello-7 2002 RHD Rosso Corsa over crema - FHP retrofit (worth checking!) otherwise there seem to be very little options on this one and it has 76,000 miles. Not as nice as the black car that preceeded it. So what's our guess for this one people after seeing what the nice black one made? I think this is going to sneak over £100K but not by much and be a no sale.
I agree with this Darius, I think at £157K the bid was all the money when all things are considered. It was a "managed sale" which grates me a bit to be honest. I see that as a dealer shirking their responsibilites and getting paid to list it on CC.
IMG 191/193 appears to confirm. Interesting history. A Mr McAllister appears to have done 50,000 miles within the first 3 years and possibly sold after shelling out for a gearbox rebuild. DIY maintenance for the past 9 years with an impressively clean MOT record (not always a cast iron guarantee of propriety) but little recent use (not enough perhaps to justify replacing the tyres). Photos of the paint work completed in 2014 (187-188) suggest that panels were painted off the car. Curious brackets above the rear number plate! Dashboard leather looks good, drivers seat bolster needs attention (140). GLWS
If I was the seller, I would have been tempted to invest £10k (maybe more) in a pre-sale recommissioning service at a known specialist, to include addressing the upholstery, refurbing the wheels, fitting new tyres, detailing it, etc.
I think there is a big spread on these cars now. Although there were only 69 UK RHD 575 manuals, I would think a very low mile highly optioned FHP or HGTC car in the right colours would be close to £200k. While this red one is closer to £100k.
The nice black manual driver is back on CC having not met reserve last time. https://collectingcars.com/for-sale/2003-ferrari-575m-maranello-14 Market for anything is very soft in the UK right now with a lot of uncertainty and increasing interest rates. So I imagine the already small buyer pool for one of these has shrunk even more. Not quite the same but this was a recent sale on CC for a 2004 575 F1 FHP with 26,000 miles. Tidy car and again a good driver. £55,000 final bid and sold. Looks like a lot of car for £55K to me and if someone is prepared to throw £20K at it for a manual conversion you're in a manual 575 at £75K. Sure not a factory one, but that's an appealing prospect all the same. https://collectingcars.com/for-sale/2004-ferrari-575m-maranello-3
There’s a polarisation that correlates to the polarisation in wealth in society. Small margins make a big difference as big wealth chases down the best of the best and the merely affluent suffer things like interest rates or recessions. How is that relevant for Maranellos? A high miles driver F1 575 is cheap as chips, above. I reckon, with no proof, that a manual less than 2k miles 575 with FHP or better HGTC with options and good combo would be comfortably more than 5x that price. The properly rich only want the very best - not the rest. You can see this in art, or more easily quantified, with wine. A case of Krug will set you back less than 2k. A case of Krug Clos d’Ambonnay more than 30k. The difference in quality is there but quite marginal, but big money chases only the best. Have a good Rothko? Sell it for $100m. Have a burned slightly blemished Rothko? No buyer for more than $10m. Same with cars, and slightly with Maranellos. By the way I’m not endorsing this, just observing.
For your evening’s entertainment, the Nero manual which didn’t sell in May is back on the CC block (tune in at 7pm CET).. (post #925) https://collectingcars.com/for-sale/2003-ferrari-575m-maranello-14
