Current Testarossa Values

Large production numbers, historical precedent of boom/bust cycles within collector cars, the TR is a polarizing design that does not appeal to everyone (although its fans love it), and it does not seem old enough to really fall into the "classic" category.

A rising tide lifts all boats, and the high-end collector car market has absolutely been on fire. Enzo-era Ferraris in particular. This both builds enthusiasm for other examples of the marque while at the same time pricing some out of the market for those cars that were mid 6-figures but now 7-figure cars. So they look to models they can afford and are also getting buzz. TR definitely falls into that group.

IMVHO the next stock market correction may put downward pressure on collector cars but for different reasons than in the late 80's. On Black Monday for those that were not wiped out and felt their money needed to go into something other than stocks, art and collector cars became those things for a few years. That Enzo Ferrari passed soon after also added to the interest in his cars specifically. This time it is different as stock volumes seem to suggest that participation is low compared to the heady days of 2005-07, perhaps people are already putting their money elsewhere and it certainly looks like collector cars could be one place. It certainly isn't CDs or money market accounts that pay nothing.

So WHEN a stock correction happens it could work that stocks with their reduced values could be seen as a buy and market sanity is restored, investors sitting on a Ferrari or two could cash out for stocks.

I tend to discount the 2008-09 financial meltdown because as an indicator becausethere was so much fear of the future and it was a special time, cars were probably underpriced in spring 2009.

All I can say is that the top of the collector car market for this cycle will likely coincide with a top in stocks for this cycle. Maybe lead or lag a few months, but overlay a chart of car and stock prices and you will see a correlation.

 

While I do not agree with Tundra's assessment that the Testarossa will decline in value, I appreciate his evaluation.

 

If that's the case then you're saying when stocks take a hit, so will collector cars... In that case I see the economy as a whole getting hurt- similar to what has happened in the past

The only thing is the economy is heading on an upswing which really confuses me this time

I expect a correction, but I'm wondering if it may be more of a leveling off of prices

As it's been said, Ferrari values have not kept up with the cost of money since 1990, now they've caught up & then some

We can all usually tell when the end is coming, this time it truly escapes me, but it's also true that the market for these cars cannot keep up the pace they've had recently

 

+1.

 

It isn't a mystery to see what is going on here. As one of the posters explained much earlier, the brokers are trying to corner the market. This is the only remaining factor driving prices up. Without the intervention of brokers, prices will in fact drop. The only mystery is how much? Just look at the cars that are for sale. Hardly any private sellers to be found LOL. It couldn't be any more obvious. Also, notice that all of the low mile cars have ALREADY come out of the woodwork. WHy? Because the owners are cashing in on the bubble of course. Think about the past fifteen years. How often would sub 5k mile TR come on the market? Probably about 1 car per year. The low mile cars and the brokers are driving up the price which is good for us. Just sit back and enjoy your cars. And if you have another F car in mind that you want to buy, just simply wait for it to pop. Everybody knows that it will. Don't let the brokers run away with your cash, unless you want them to do so.

 

It seems there are a few TR's and other cars on ebay offered by dealers that are being used as yardsticks to see how far the public are willing to bid them up, or dealers putting in bids to skew up the market. Check out the cars from IAG...no sales, just reserve not met.

 

Silly question, bear with me.

Can a Chinese national import a Ferrari TR into Hong Kong or mainland China if it's more than 25 years old?


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I think I am going to contact the Chinese government and see if they want to purchase my 87 TR for study and possible reproduction at which point I will ask for a royalty just like "Mr. Wonderful" on Shark Tank

 

This is the best observation yet.
The game here is " In the long run price"
They Will advance, maybe not what some are asking but they will continue to appreciate.
It's like a wave with a ripple effect
I too doubt the quake we are currently experiencing will see fruition quickly, people/ sellers tend to expect instant gratification these days....however
The $360,000 tr shock wave will settle down to a $295,000.00 ripple
But next time maybe 6 months on, when a $450,000 512tr comes up $360,000 price is in the cards.
As time goes on the familiarity with such asking prices will set in and just when you
Think they will drop, they will solidify at a fraction of the original high price but proportionally greater than where they were.
All textbook stuff.
Daytonas are selling near those asking prices
Boxers and tr's are trailing but most definitely on the move
Following the pecking order it appears as if 308's are next

 

That is precisely why I don't think prices will suddenly drop - because everyone and his neighbor would REALLY fancy picking up these cars for lower prices, which will ensure that supply and demand in fact keep prices high.

 

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+1

 

My 91 Testarossa is currently worth 125,000.00 . Because that is what it would take for me to consider selling it.

 

Right on. I think I've already responded to a similar comment in the past. So long as there are ready and willing buyers waiting for a correction, there are others ready and willing to pay a little more and others more than them. Before you know it, we're back to current pricing. I learnt this the hard way with Aussie Real Estate.

Anyway, starting to miss her
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all i know is that in november 2013. scarcely a year ago, a 1991 testarossa mint with 9k miles just serviced was topped out at a $65k asking price at the local ferrari dealer.... it sold within a few weeks. now just one year later that car would be around twice the price. i see testarossa's being $200-$300k cars in a few years. 2 just sold in separate european auctions for a little less and a little more than $200k usd

 

Do agree with you Alex, but I would observe that the ramblings of Fchatters is small...'investors' or speculators seem to be driving this market upwards. When they decide on a new thrill, I don't think the FChat community will tolerate these price levels. After all, they had years to take the market up and they did not. Who knows what the catalyst will be to send prices crashing, or at least lower. I know for myself, if I took a big hit, the F40 would likely be put off even if it were a half price, blue light special. Things can change for everyone in a small market very, very quickly.

 

i wouldn't hold your breathe waiting for prices to drop.... short to medium term they will continue to appreciate.... sports car market has them pegged to increase 25% plus this year. remember when dino's were $40k ?

 

A HK based friend and car and art and wine collector tells me mainland China law is being changed so classic cars, until now hard to import, can be classified as art and imported subject to duty.
With old wine,duty includes two bottles from each case to be tested by the food ministry. Unless you provide otherwise. Interesting to see how that will work with a car.

 

they will do a test drive and when the brakes are not ok it is a classic

 

+1


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You'll probably volunteer to "test" the wine imports too. That's pretty funny.

Chinese TR knockoffs flooding the global market so everyone can own one like a Ford Pinto, albeit with a slightly different horse emblem.


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Looks like we're back to 1989 - because this 1991 Testarossa with 960 miles just sold for £202,500 GBP all in at Silverstone auctions - or about $310,000 US !

1991 Ferrari Testarossa - Silverstone Auctions

Dom

 

Yes just seen that, was there something special about that car? Other than the low kms? May have to rethink insurance on my 512 tr with 3,500 miles!

 

Not sure just the miles I think - though description not great tbh.

Dom.

 

did you sell your TR?

 

Nope, just haven't touched it in months.