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CS Market

Discussion in '360/430' started by stokpro, Mar 13, 2010.

  1. freshmeat

    freshmeat F1 Veteran

    Aug 30, 2011
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  3. 24000rpm

    24000rpm F1 Rookie
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    cold days, slippery surfaces, be careful
    about 1 week ago , I almost lost control and hit the center divider.
    trust me i was driving at 40mph and the rpm didn't even reach 5000.
    I was kissing my tires after parked it with still a heartbeat rate of 90.
     
  4. Jagbuff

    Jagbuff Formula 3

    Jan 13, 2004
    2,265
    Site of US F1 Race!
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    Franck
    ...you must be quite fit :)
     
  5. Mikestradale

    Mikestradale Formula 3
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    #8704 Mikestradale, Dec 27, 2016
    Last edited by a moderator: Sep 7, 2017
    2 Challenge Stradales at the Scottsdale Auctions (January 20 & 21, 2017)
    The Scottsdale Auctions | Gooding & Company

    ZFFDU57A440138116
    Rosso Scuderia
    Red-black alcantara
    Red calipers
    Factory stripe
    Fire extinguisher

    Mileage 260 km
    Estimate $350000 - $450000

    Supplied new by Ferrari of Ontario (August 31, 2004)

    Link to registry: Challenge-Stradale.com - Ferrari 360 CS VIN 138116
    Link to auction: 2004 Ferrari 360 Challenge Stradale | Gooding & Company
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  6. Mikestradale

    Mikestradale Formula 3
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    #8705 Mikestradale, Dec 27, 2016
    Last edited by a moderator: Sep 7, 2017
    Gooding & Co Scottsdale Auctions (January 20 & 21, 2017)
    The Scottsdale Auctions | Gooding & Company

    ZFFDU57A440139041
    Rosso Corsa
    Black leather
    Factory stripe
    Red calipers
    Radio
    Fire extinguisher
    Pre-wired battery charger, stitching in color, space saver wheel, leather headliner, leather rear shelf

    Supplied new by Ferrari Maserati of Vancouver

    Mileage 9705 km
    Estimateb $250000 - $300000

    Link to registry: Challenge-Stradale.com - Ferrari 360 CS VIN 139041
    Link to auction: 2004 Ferrari 360 Challenge Stradale | Gooding & Company
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  8. Monteman

    Monteman Formula 3
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    Feb 9, 2006
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    Monte
    I know this car well and was a friend of the previous owner. Tragically, he passed away. It could be a decent car but the accident record will never go away so it will always have diminished value. Unless something was done when it was for sale at Ferrari of Los Angeles, it will take $15K to $20 to correct the issues but they are correctable. The price is finally starting to get to a more realistic point. From my perspective, it's a $135K to $140K car. Put another $20K into it and then it starts to make sense. I'd love to see it go to a good home with someone that knows how to take care of it.
     
  9. Mikestradale

    Mikestradale Formula 3
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    Jan 25, 2006
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    Interesting, thanks for posting.
     
  10. Mikestradale

    Mikestradale Formula 3
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    #8708 Mikestradale, Dec 29, 2016
    Last edited by a moderator: Sep 7, 2017
    1 of the 25 Cornes Edition CS's is for sale in the UK now. It's LHD and a Japanese VIN car.

    ZFFDT57J000138726
    Rosso Scuderia
    Red-black alcantara
    Gold calipers
    Factory stripe
    Rollbar
    Fire extinguisher
    Radio (now removed)

    Cornes Edition:
    Japanese special edition of the CS, to celebrate the 25th anniversary of Ferrari importer Cornes in Japan
    White rear Challenge grille
    Gold calipers
    Michael Schumacher signature on passenger door panel
    Carbon fueldoor
    White rev counter
    Special plate on car "25th 2004 Cornes"

    Link to registry: Challenge-Stradale.com - Ferrari 360 CS VIN 138726
    Link to ad: Used 2004 Ferrari Challenge Stradale for sale in Lancashire | Pistonheads
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  11. Monteman

    Monteman Formula 3
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    I think it was simply a situation where the previous owner passed away (friend of mine) and the current owner inherited the car. She likely saw some of the prices that Stradales were going for at the time she inherited the car and felt it could draw that without knowing the impact of the accident or truly having an in-depth understanding of the market. It's easy for that to happen if you don't stay close to the market. As I mentioned in a previous post, it's actually a very nice car that needs about $15K to $20K (maybe less) to correct the issues. At $135K to $140K you can fix the issues and still be OK.

    If I didn't already have a Stradale, I would make an offer in that range to them in a heartbeat. Eugenio took care of this car which speaks to the quality of the maintenance and the previous owner never abused it. Net, it was very well taken care of and a very nice car.
     
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  13. Mikestradale

    Mikestradale Formula 3
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    Jan 25, 2006
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    SCAMMER ALERT in Europe / Germany

    It's the same story as all the other fake ads for US spec CS's here in Europe. The cars are always located in the Port Elizabeth terminal waiting for export. US spec cars, very cheap price (€160k including VAT/customs/shipping). Beware!

    https://www.autoscout24.com/offers/ferrari-360-challenge-stradale-f1-gasoline-red-9fc1f942-fae7-702d-e053-e350040a850d?cldtidx=2

    US spec car, "car is currently located in US, NYC Terminal - Port Elizabeth waiting for the export authorization."
     
  14. The Strad

    The Strad Formula 3
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    #8711 The Strad, Jan 20, 2017
    Last edited: Jan 20, 2017
  15. The Strad

    The Strad Formula 3
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  16. Skippr1999

    Skippr1999 F1 Rookie
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    Thanks for posting. NICE !
     
  17. Monteman

    Monteman Formula 3
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    Monte
    Was that with buyers premium?
     
  18. Polar Peter

    Polar Peter Karting

    Mar 4, 2006
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    Peter
    No, it was 396K in the end.
     
  19. Michael B

    Michael B F1 Rookie
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    Apr 28, 2004
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    I was at Gooding Scottsdale today & watched that Stradale go across the block. It was a very low mile perfect example ~ and seemed to have gone correctly priced. Another one due through tomorrow.
     
  20. ar4me

    ar4me F1 Rookie
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    Apr 4, 2010
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    Jes
    Listed at 161 miles...
     
  21. 355fiorano

    355fiorano Formula Junior

    Oct 21, 2003
    773
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    Philip
    So according to the info on Mike's fantastic site, it took about one and a half years to sell and sold for 54k less than original advertisement (396k vs 450)
    Assuming that we believe the market has gone up for most of these 1.5 yrs it does show maybe how some asking prices are a bit optimistic.
    It would be very interesting to see how much the 9k car sells to get a sense of the mileage effect. If it goes for 300k+ it may be good for those that want to drive their cars as it shows the spread is not massive. 400k for a car to look at is quite ... (I can't think of the right word !) especially when it's one of the BEST cars you can drive :)
     
  22. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
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    There are lots of cars sitting in private "museums". This CS is probably not going to be sitting in some guys 2 car garage in the "burbs". It's an investment.
     
  23. Mikestradale

    Mikestradale Formula 3
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    Jan 25, 2006
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  24. 355dreamer

    355dreamer F1 World Champ
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    Apr 3, 2006
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  25. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Apr 28, 2003
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    Texas!
    Here's the funny thing: I wrote an article for the Ferrari Market Letter in 2004 about how Stradales were special cars and would someday command a premium at the auctions. Nobody agreed with me. :)
     
  26. jet

    jet Formula Junior

    Apr 12, 2004
    791
    Bay Area
    So both of these were Canadian cars. Wonder if the prices would have been differet if they were originally US cars.
     
  27. supratime

    supratime Formula Junior

    Mar 22, 2006
    582
    ^ yes interesting...gauges are in Celeus and Kilometers. I'd want those in US metrics for sure
     
  28. The Strad

    The Strad Formula 3
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    Jul 26, 2010
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    Fortunately it did!
     

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