CURRENT SUPERCAR PRICES THREAD

Talking about prices can get you banned.

My guess for 10 months from today:

Enzo $600K

F50 $325K

F40 $225K

One man's guess, no more, no less.

 

Maybe, you will need to add a one in front of all those numbers. Just a guess!

 

You should change your name to "Guruman"...

 

Just my european view on this topic:

today's requested average price in Europ (personnal research, just in case, and waiting for the right opportunity)

288 400 K€ 500 K$
F40 300 K€ 375 K$
F50 400 K€ 500 K$
Enzo 900 K€ 1.150 M$
CS 125 K€ 160 K$
Scuderia 200 K€ 250 K$

For more exotic cars (such as F40 LM and 333 sp) the market is now showing some cars arriving, but still at a quite high requested price, and I am afraid that as there is still some guys having both willingness and liquidity, it will not decrease for such rare opportunities.

By the way, the market for some cars (Scuderia) is seller oriented, so we just have to wait enough to get really good opportunity, if it is!

 

according to recent market predictions

F40: one leg and an harm to eat (very low miles cars and one owner cars could command premiums such as an other harm or liver...)
288: middle body
F50: 3/4 body, but raw (cooking it may depends on how badly you would want it though)
Enzo: complete body (some would say it would also include it to be cooked, but we will see)


just kiddin guys:
we should try not to spread apocaliptical sceneries around imo (the press is good enough for it and it ain't do any better to all of us)

i hope they won't go as low as some say because if it is the case, very likely the global economy would be REALLY UGLY to

 

In some parts of the World The Apocalypse has already begun.

You're right about it getting really ugly...

http://news.bbc.co.uk/2/hi/africa/7148673.stm

 

They will not go that low. Buyers will step in. There is plenty of sidelined money. There is a true dichotomy at work here. Folks like myself have a vested intrest in suppoting the economy because it supports me in return. At 41 years of age, and in the prime of my professional career it does not make sense to stockpile money in a bank. If I cut pack on landscaping/home maintenance/nanny services/etc., I create a much bigger ripple. I continue to do everything I did two years ago. It does not make sense for me to crawl into a hole. In the intrest of transparency, my number for an Enzo is something begining with a six. I have one colleague (and one close) firm with me. In another thread, it was said Enzo's may get down into the fives. Highly unlikley as I believe money will come out of the wood work at higher numbers. You can apply this example across the board.

Bora

 

Good post.

 

Jim: You are way off base. I'm sorry to see someone like you go down this negative path. Maybe the world is ending in your world, but you are grasping at straws in an attempt to continue to espouse your speculation.

Now I know for sure that you're getting desperate... You have no place to post that link to illustrate your cause. The link has NOTHING to do with the world's financial economy or any resultant "Apocalypse". The issue in the BBC link is a cultural & social one in Africa. Ask me. I was born in Ghana, West Africa and grew up there. Unfortunately they were ostracizing and killing albinos even then in the 1960s (as they have likely for centuries), and they were treated as outcasts because their lack of pigmentation was feared and viewed as some sort of curse in a particular tribe.

Jim. Cmon. Lay off the end of the world thing. Its silly, and I don't know about everybody else, but its gettin' old.

 

Exactly...

 

Joe

Do you seriously think that the link has nothing to do with the abysmal economy in Tanzania? You think if the economy in this part of the World was booming this would be happening?

Lets see. Citigroup laying off 50K people. GM/Ford/Chrysler at Bankruptcy's door. Sotheby's losing 54 Million on Art Auction Guarantees this fall? Housing in Kensington dropping 19% this month. The Euro at 1.26.

What's getting old Joe is Dealers telling us this is a good time to buy as opposed to waiting for a market, which, the case of the Lusso I referenced has dropped 5% a week for the last three weeks to stabilise.

What's really desparate is your personalising this debate by stating things that show a reckless disregard for the truth:

"Jim: You are way off base. I'm sorry to see someone like you go down this negative path. Maybe the world is ending in your world, but you are grasping at straws in an attempt to continue to espouse your speculation."

Take a deep breath Joe you're on very thin ice.

 

+1

Some these days are the opposite of Chicken Little- call them "Chicken Fat". Anybody claiming that economic indicators are going to deteriorate further seems to get ridiculed or brushed off. Well, for a lot of people (and asset classes) the sky has already to the ground, with a poultry pancake underneath.

 

The euro is 1.29?

Get London on the phone, I'll take that Schedoni luggage set!
Only because I am going long on the actual car ownership...

I think Jim's point is that we (USA) are behind the curve on global thinking, if some thugs can steal a supertanker on the high seas and take it home with them, there's serious support for the arguement, IMO.....

 

Ditto.

Here's an interesting and sad one. Think of what this will mean to poor people. Kind of hard to get to work when your train don't run there anymore.

http://wcbstv.com/topstories/mta.subway.budget.2.867290.html

Another thing that will have an effect on Exotic Car Prices is the thing touched on in yesterdays NYT's about a Ferrari owner's changing life in Mexico. Not from an Economic point of view, although the crime violence that made him move to your neck of the woods for a while was thought to be a result of the collapsing economy of Mexico, but from the fact that driving a Ferrari in Mexico has become a very dangerous thing to do.

 

Tex

Both of us have seen a lot of things but these days seem a bit different to me. That's all I'm saying.

"serious support"

Werd.

Three New incidences of Piracy today. Three...

http://www.alertnet.org/thenews/newsdesk/T332831.htm

http://www.alertnet.org/thenews/newsdesk/T332831.htm

http://news.yahoo.com/s/ap/20081118/ap_on_bi_ge/piracy_denmark_ship_1

 

Yes.

 

Make that ridiculed, brushed off or bannedfrom this site!

 

Hey if you have personal experience in this part of the world I'll accept that but I do feel that the horrible poverty in that region is the incubator of a lot of terrible things and that if the rest of the World would make a huge effort to improve the economy over there and stop exploiting it (Blood Diamonds) things like the link I referenced would stop. As bad as it may get in the US I still doubt we'll see things like that here although there is no question that if there is a collapse of the order of magnitude of the one that followed WW1, which I don't think there will be, worse things than that could happen in the US as they did in places marked by the thin yellow signs just off the Autobahns.


I have personally supported many causes that have tried to help that region for many years with many dollars but I think the situation is way beyond Private Charitable Foundations like mine and the situation there is as dire as anywhere in the world and desperately needs massive World Wide intervention which this economic collapse makes less likely.

As for the value of the cars we all Love. The next set of numbers will come in January at the Auctions and we'll see if this was the time to buy or sell or if the market still has a ways to go on the downside.

 

Yes.

I was born there. And raised there. And I saw things most here will never see. So to me, I only know how to be positive about the current financial situation.

I still say there are opportunities on the way down, at the bottom, and on the way up. Opportunities all the time.

I dont tell people when to sell. I dont tell them when to buy. I know my specific markets better than most, and when people want to enter them or leave them, I help.

 

The fact that this is being discussed seriously is indicative of the uncertainty. IMO anyone certain of anything these days is out of touch.

 

Joe/Jim, You are unaguablly two of the most respected and valued contributors to the site. Hate to see this discussion go down this path.

Jim, my comments are not made to dissway you from your beliefs, simply to provide a recent real life example of how this thinking has effected me. I live in an area where violent crime is non existant. Petty crime is very low. The bordering town (Chatham, NJ) I beleive in 2007 or this year won accolades in USA Today as being the most desiable place to live in the country. The local buzz in town has been focused on the rash of recent home robberies. My wife, oubvisouly caught up in the local buzz, last week called ADT to expand our alarm coverage. I spent almost all of this past saturday (and now ths coming satudray) with alarm consultants/installers, etc. My opionon on the matter didnt matter. My wife attributed all these recent events to the desparate state of the economy (people are out of work turning to robbing houses, etc). My wife is a highly intelligent person but was so caught up in the "noise" that, IMO, logic momentarily took a back seat. In my experience, people rarely make sound decsions under duress (self inflicted or otherwise).

I agree that backed against the wall, people will react violently, but I cannot accept that these burglaries were commeited by out of work upstanding members of our society, but rather criminals looks for a new opportunity.

Events such as these and the hijacked tanker are IMHO random events than fit neatly into a story line, namely the world is going to hell in a hand basket.

Consiering all that I have read about your accomplishments in life, you certainly carry a heavy stick in my book when it comes to experience. If I can offer this up., Based on a study done in 2007 (forget who conducted it, but will list my source when I remember) 95 percent of all news stories regard negative topic matter. Positive stories just dont make the headlines.

Bora

 

Interesting you should say that..I'm reminded of the 'paradox of thrift' and its effect here on top of the serious regulatory/fundamental challenges to the markets. With regard to the Enzos, I'm sure alot would consider the 6 or 7 mark to be desirable if they were to drop this low in the future..whether it will also be feasible at the time is another question.

 

Well, I am counting on YOU for an accurate view from a little higher up the mountain!

I'll do my part to balance the checkbook and pay off the mortgage!
A shame I don't live there, anymore! No matter, really....

Piracy never really died away, the surf community runs into it often when they trek "off the beaten path"...harrowing tales.

I agree with your position we need to start looking at the least among us to make things better, there's never been the need to walk across others to achieve greatness, IMO.

 

Hey

I really believe this too shall pass. I just think it's going to take a bit longer than many of us thought it would and now isn't the time to pay up for anything.

True about the news. Keep your wife happy. That pays off for sure.


Cheers