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Anyone have experience or comments on Pebble Beach-lik- auctions

Discussion in 'Ferrari Discussion (not model specific)' started by SonomaRik, May 17, 2007.

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  1. SonomaRik

    SonomaRik F1 Veteran

    Dec 15, 2006
    6,904
    Folsom, CA (formerly Sonoma)
    #1 SonomaRik, May 17, 2007
    I need, I believe, to consider selling my Mondial T cabriolet [which I just started a thread on in the Mondial section]. BUT this is a great car...ya' I know, it's my fellings....but it has lots of NEW parts, bought from From Ferrari of San Francisco, and maintained by them.....

    Just wondering
    IF one gets the better prices at these auctions
    THEN
    which ones
    and how
    ELSE
    stay away from those
    and list with who[m]
    hate the thought of Ebay, although bought the last 456 there and a porsche, and Vet [latter two for friends you see, not for me] and sold my Model T there [whaaa].... I know Ferrariads is good'ish, i guess'ish [don't have experience with that....too new here]

    so, has anyone had experience in the above IF statement and would care to comment.
    thanks
    rik
     
  2. Rory J

    Rory J Formula 3

    May 30, 2006
    1,133
    #2 Rory J, May 17, 2007
    I attend at least a few auctions a year (and always attend the Monterey auctions - RM, Christies, Gooding, Russo) and would like to think I keep up on the auction market a bit. Prices during the Monterey weekend tend to be fairly high for MOST cars in general. However, to be perfectly honest, a Mondial is not really going to get people excited - the caliber of cars overall is quite high during that weekend. However, this can potentially work to your favor as the "bottom feeders" (horrible term, I know... and not meant to reflect poorly on character, etc) get excited about a real Ferrari that they can potentially be taking home that weekend. Your Mondial could represent a way to get involved in the auction excitement at an affordable cost.

    But there are other things to consider... color being a big factor. If you have a well-presented red on tan car it will likely do well... if you have a white car, not so much.

    I think the key for a car like the Mondial at auction is a no reserve listing and immaculate presentation. Being accessible to answer questions is a positive too. But overall, if you have an exceptional car with all records, etc.. you just might do better taking your time and selling it privately to a knowledgeable enthusiast who will pay top dollar for a top example.

    Hope that helps somewhat.
     
  3. 2NA

    2NA F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 29, 2006
    18,221
    Twin Cities
    Full Name:
    Tim Keseluk
    #3 2NA, May 17, 2007
    Last edited by a moderator: Sep 7, 2017
    I agree that the "right" auction at "No Reserve" is the way to go.

    It however requires you to have big balls.

    If two or three guys really want the car you win.

    If it doesn't light a fire somebody gets a bargain.

    I've seen it go both ways.

    Do you feel lucky?
    Image Unavailable, Please Login
     
  4. SonomaRik

    SonomaRik F1 Veteran

    Dec 15, 2006
    6,904
    Folsom, CA (formerly Sonoma)
    #4 SonomaRik, May 18, 2007
    thanks very much. FofSF stated I could do possibly well at the PB auction-run....NO RESERVE...yikes....


    No, don't feel lucky, perhaps blessed at times, but luck is NOT one of my strong areas............

    ---- I believe the car is in excellent shape for a 17 year old [IMO], but would feel embarassed to give a car that wasn't topped out: considering redying seats, and taking off the Yoshi shields fixing all 'issues' like broken tie-down strap on tool case etc.....

    thought of no reserve scares me, in that it could go for some outrageous low price...I'm not desperate to give a car away.
     
  5. 2NA

    2NA F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 29, 2006
    18,221
    Twin Cities
    Full Name:
    Tim Keseluk
    #5 2NA, May 18, 2007
    "No Reserve" seems to get more bidders fired up. They know it's going to sell.

    You can always "shill bid" to get it back if it's too cheap. You'll have to pay both ends of the commission this way though.
     
  6. SonomaRik

    SonomaRik F1 Veteran

    Dec 15, 2006
    6,904
    Folsom, CA (formerly Sonoma)
    #6 SonomaRik, May 18, 2007
    ok, sounds like an 'optional plan'....might truly consider this, but now begin to feel the sale sign at concorso is much more delightful....afterall, almost bought a 456 there couple years ago: but green....<Fish Called Wanda> "Ken, don't eat the green ones, they aren't ripe..."
     
  7. Jim Frentress

    Jim Frentress Formula Junior

    Mar 7, 2007
    682
    Laguna Niguel, CA United States
    Full Name:
    James Frentress
    #7 Jim Frentress, May 18, 2007
    Syntax error. Did you not first run this through a compiler? You wouldn't happen to work for MSFT would you? (no flames please, i worked there long enough to make family jokes!)
     

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