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599/430 Prices Crashing

Discussion in 'Ferrari Discussion (not model specific)' started by Napolis, Oct 13, 2008.

  1. Modeler

    Modeler F1 Veteran

    May 19, 2008
    7,189
    State of confusion
    Full Name:
    a.n.other
    The very top end of wine auctions have little buying going on.
     
  2. toggie

    toggie F1 World Champ
    Rossa Subscribed Owner

    Nov 30, 2003
    18,454
    Virginia
    Full Name:
    Toggie (Ron)
    #477 toggie, Dec 1, 2008
    Last edited by a moderator: Sep 7, 2017
    Those are my favorites kind of cars, the "trifle indulgent" ones! :)

    Here is a pic of the red/black Scuderia in the eBay ad.
    Nice color combo.
    Image Unavailable, Please Login
     
  3. opus10583

    opus10583 Formula 3

    Dec 3, 2003
    1,764
    Westchester, NY
    Full Name:
    Mark
    Pity, it's such a sow.

    Hopefully Ferrari will come out the other side and make beautiful sports cars yet again.
     
  4. freestone

    freestone Formula Junior

    Feb 8, 2005
    412
    West Coast USA
    It's amusing some times to read of outright panic and outright greed.

    That old saying about buying when there is panic and selling into greed is correct.

    I suppose the real question is sorting out when.

    The requirement of a bubble is when you can margin (borrow against) an asset but others can't short it. That's what happened before. This crisis was a liquidity crisis for sure.

    But once the liquidity got turned on the market responded in 2009. That's at least when I went fully back into the markets.

    Forums like this are unhealthy as people talk themselves into a panic or a buying frenzy. Few people can isolate themselves from the crowd like buffet does.

    As for luxury assets, there may not be liquidity when you need it. Dont buy what you can't afford to lose.
     
  5. 3POINT8

    3POINT8 Formula 3

    Jan 23, 2014
    1,765
    good advice right there
     
  6. WJGESQ

    WJGESQ Formula 3

    Dec 30, 2004
    1,429
    What in the world is that?
     
  7. Jacob Potts

    Jacob Potts Formula Junior

    Dec 11, 2008
    300
    Pueblo, CO
    Full Name:
    Jacob Potts
    It is a Superlite SL-C, a component car, like Napolis' SCG003s, except it has an aluminum frame and that particular one has an LS-7 engine.

    It is really good and reeeaaaally fast.

    Jacob Potts

    SL-C ? Superlite Cars
     

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