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A 612 eBay Auction Story

Discussion in '612/599' started by WCH, Oct 14, 2010.

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  1. WCH

    WCH F1 Veteran
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    #1 WCH, Oct 14, 2010
    Last edited: Oct 14, 2010
    A few weeks back, I listed my car on ferrariads asking $185k - it's still advertised here, and will continue to be, though after this post I may need to lower my price a bit.

    My car is a 2008 OTO, pozzi over cuoio w/blu scuro dash and Daytona seat inserts. I think it's beautiful. 14,800 miles, 15,000 mile service just performed, etc etc. Originally owned by Enzo himself. [size=-1]Autographed by Enzo?[/size] [size=-2]Approved by Enzo?[/size]

    So .. what's it worth?

    I started the eBay auction with a "buy it now" price of $185k and a reserve of 172.5k. Almost immediately, the car was bid up to $500. Not an exciting start, but a bid nonetheless.

    Over the next seven days I had intelligent questions from several bidders, and bidding rose to $155k with a couple days left. At the 24 hour to go mark, I lowered the buy it now to $172.5, and the reserve to $167.5; I reduced the pricing because, in addition to having movie star good looks, I also am a shrewd auctioneer.

    In the final minutes, a new bidder appeared and was quickly outbid by one of his predecessors. Thanks to my well timed pricing adjustments, last minute bidding took the car from $155k all the way up to $158.1k, where it stopped, after 29 bids.

    Two of the prospective buyers with whom I spoke are collectors of 50s and 60s cars; one owns a Daytona spider, among many other things. Interesting, nice people, with great taste in cars and absolutely no interest in my 612 at my bottom line price of $167,500.

    Thought this auction story might be a useful addition to the never ending discussion of markets for various Ferrari models. I suspect I could sell my car in the low $160s, but I'll never know. I think I may just keep the car, unless the right buyer comes along, the man who just has to have Enzo's personal 612.
     
  2. ghardt

    ghardt Formula 3

    Apr 18, 2004
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    #2 ghardt, Oct 14, 2010
    Last edited: Oct 14, 2010
    OK, I'll bite. "Enzo's personal 612". Are you talking about Enzo Angiolini?
     
  3. WCH

    WCH F1 Veteran
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    #3 WCH, Oct 14, 2010
    Last edited: Oct 14, 2010
    "Are you talking about Enzo Angiolini?"


    No, I'm representing the car as Enzo Ferrari's personal transport; when you've priced too high, it's time to resort to outrageous lies.

    But any Enzo might help!

    Edit - actually, I'm really starting to think about keeping it, at least until the 612 successor is out.

    Also thought about trading it towards a 599 I'd strip and convert to a track car.
     
  4. amenasce

    amenasce Three Time F1 World Champ
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    #4 amenasce, Oct 14, 2010
    Yes, do that. That would be awesome on so many levels.
     
  5. ghardt

    ghardt Formula 3

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    #5 ghardt, Oct 14, 2010
    Sell it.
     
  6. WCH

    WCH F1 Veteran
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    #6 WCH, Oct 14, 2010
    Last edited: Oct 14, 2010
    "Yes, do that. That would be awesome on so many levels."



    A lot of weight could be taken out, think about it. Air bags, radio/nav, stock seats, a/c, whatever sound deadening material there is, etc etc. I have been thinking about such a project for a while now. Just those basic, relatively easy changes would transform the car.

    Please do NOT encourage me.* I have too many projects.


    *Unless you know of a cheap 599. Interior cosmetics unimportant!
     
  7. Tifosi15

    Tifosi15 Formula 3

    Jul 15, 2009
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    #7 Tifosi15, Oct 14, 2010
    Do it please! And post every step here on Fchat!!
     
  8. champagne612

    champagne612 F1 Veteran
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    #8 champagne612, Oct 14, 2010
    Mine is the 06 612 on e-bay. I had offers on here at 130 maybe I could have got them to 135.

    Reserve is 137.5 and BIN 140

    Not even sure why I am selling it :(

    The only cars I feel are worthy of the garage space is 16M or Carrera GT. My guess is my wife would hate both like she does my 9 foot chopper that has not been ridden in over a year!

    Good Luck with the sale!
     
  9. ttforcefed

    ttforcefed F1 World Champ
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    #9 ttforcefed, Oct 14, 2010
    do u already have a CGT? its a great car but id do f40 first...CGT is a pia to drive...i like mine, i dont love it....the f40 is a love affair
     
  10. champagne612

    champagne612 F1 Veteran
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    #10 champagne612, Oct 14, 2010
    Nope

    Interesting ... never thought about the F40

    CGT is running 230 - 325

    F40 is running?

    Mileage is not much of a concern
     
  11. amenasce

    amenasce Three Time F1 World Champ
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    #11 amenasce, Oct 14, 2010
    I would say a US F40 will start at $350k for a high mileage car.
     
  12. amenasce

    amenasce Three Time F1 World Champ
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    #12 amenasce, Oct 14, 2010
    It would be a very interesting project. As you said, a lot of weight to shed would be enough to make it a great track car as the engine, gearbox, breaks and chassis are amazing.

    Go for it!!
     
  13. technom3

    technom3 F1 World Champ
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    #13 technom3, Oct 14, 2010
    ive been offered "nice" cars for less. Didn't really shake them down to find all the details... or if infact they were real
     
  14. champagne612

    champagne612 F1 Veteran
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    #14 champagne612, Oct 15, 2010
    Please share more info

    I hate technology gadgets in a car - which is why I like the CGT. Sensory overload takes away the driving experience. My favorite car to take out is by far the 69Z28.
     
  15. ttforcefed

    ttforcefed F1 World Champ
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    #15 ttforcefed, Oct 15, 2010
    cgt is a video game. f40 is a religious experience....wldnt necessarily want to take either one to a resturant cuz u and ur wife will look like a jackass getting out of them.

    values...im not going to tell anyone what they shld pay but if i were looking to today id be budgeting 340 to 360K for the CGT that id want and 525 for 575 for the f40 that id want.

    if u dont mind alot of miles and incomplete histories u can def find the cars for lower.
     
  16. champagne612

    champagne612 F1 Veteran
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    #16 champagne612, Oct 16, 2010
    The CGT would be a keeper for life. I would sit next to a Healey and the Camaro never to be sold. The ass part does concern me as the 612 is pushing it but acceptable at the office and out on the town.

    I like histories but believe these cars should be driven. These cars will not wear out especially the Porsche even at 100k of travel.
     
  17. ferrari430612

    ferrari430612 Rookie

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    #17 ferrari430612, Oct 17, 2010
    I have been following the results of your 612 , and there are two factors why your car has not gotten close to your price 1) to many miles compared to other cars for sale and 2) no hgtc package which to me was a major factor when i purchased my 2008 612 oto a month ago with 800 miles that i paid $219k and felt i got a good deal on car that was like brand new with $136k off the original window of $355k . Being in the exotic car buisness i think $160k is the real price for your car , so just hang in there and you will get $160k for your , if not just keep it for anything less than that , because the oto is a great car compared to the non oto cars , and the new transmission alone makes it a bargain for $160k
     
  18. anthony47

    anthony47 Karting

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    #18 anthony47, Oct 17, 2010
    So what exactly did the HGTC pkg give that was not standard on the OTO cars?And what was the sticker for the option?Thanks
     
  19. anthony47

    anthony47 Karting

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    #19 anthony47, Oct 17, 2010
    So what exactly did the HGTC pkg give that was not standard on the OTO cars?And what was the sticker for the option?Thanks
     
  20. WCH

    WCH F1 Veteran
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    #20 WCH, Oct 17, 2010
    2) no hgtc package which to me was a major factor when i purchased my 2008 612 oto a month ago with 800 miles that i paid $219k



    Tell me what your car has that mine doesn't, thanks to the HGTC package - I dare you. No one here - no one - has explained that yet.

    I agree with you on the miles, of course. A modern US Ferrari with 14000 miles might as well be a parts car, that's just the way it is.

    The biggest problem with my sales efforts is that I don't really care whether I sell the car. If I did, I'd just mark it down untill it sells.
     
  21. WCH

    WCH F1 Veteran
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    #21 WCH, Oct 17, 2010


    Bingo.
     
  22. ferrari430612

    ferrari430612 Rookie

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    #22 ferrari430612, Oct 19, 2010
    sorry wch , i should have listed option its called hgt2 package $13,210 20 inch monolic polished wheels , tubi exhaust with silver mesh grills around exhaust and upgraded sport suspension.
     
  23. WCH

    WCH F1 Veteran
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    #23 WCH, Oct 20, 2010
    Your reaction that the package is a big deal is probably something other buyers share, though IMO it makes little sense. My car has 20" rims and the sporty exhaust option. The exhaust is all about sound, and I've seen no power claims for the tubi - in fact, Ferrari itself calls the HGTC package a "styling" package." So, if I paint the rear grilles silver and add the factory rear roll bar, I have HGTC!

    Impressions are everything, though. If I decide to remarket the car, I'll make the roll bar change and call it upgraded to HGTC.
     
  24. donv

    donv Two Time F1 World Champ
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    #24 donv, Oct 20, 2010
    A small digression-- I think it's funny that exhausts are all about sound. When I was a teenager (not that long ago, in the scheme of things), changing the exhaust was all about getting more power, and sound was a side benefit. Anyone who cited sound as a reason for changing their exhaust would have been made fun of, mercilessly.

    Or maybe it's just the people I hung out with...

    Now people are willing to lose power to get better sound.

     
  25. mmaltersmd

    mmaltersmd Karting

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    #25 mmaltersmd, Oct 20, 2010
    jeff the master f tech said the gts exhaust i put on my 612 gives no increase in hp. i must go with high flow cats for small bump in hp
     
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