David Piper restores the Talacrest P4

Its no longer Can Am spec, that life is now gone, its evolved once more, but backwards to the previous P4 spec, people need to just get over it and move on, its history now and there is is nothing that can be done to prevent it.

If you dont like it, then simply dont buy it, but someone will, and at that level of pricing their homework will have been well and truly done beforehand. I personally have no interest in values, I think they are all hugely and grossly inflated, I only ever purchase things that are worth the sum of their parts.

Its been done for financial gain, but so what, we live in a capitalist society and that's how things work in such a system.

 

Just to be fair, what an individual "offers" for a car does not equate to a determining of "fair market value" of a car. It generally takes 2 parties to agree to establish a market price.

In this case, 5 million was too little, and it appears that 25 million is too much, for now. If the seller starts getting offers in the $10+ million range when the car is completed, I'd venture to say that he did the right thing by holding out, from a purely economic standpoint. I can't imagine it'll only be worth $3 million or less when he's done, in this market. Others are free to dispute this- it's just an opinion based on what I've seen happening in the marketplace. There's almost nothing special with a horsey badge on sale for that small a number anymore.

 

The 5 was Euro. The current owners paid more than that. It's been for sale for years. They have carrying costs and whatever they're paying to turn it into a "P4" replica. I think as a replica it's worth less than a Ferrari Classiched original.

http://www.ferrarichat.com/forum/142428193-post1368.html

 

To your point;

I don't like it.

I won't be buying it.

It has diminished value now.

Thanks for the insight on capitalism.


Best.

 

+1

 

And just how is it you're so certain the highest offer so far conveyed BY ANYONE for 0858 (i.e. whilst it's been in Talacrest's hands) has been $15MUSD?

 

it astounds me that someone would still offer $15M for a replica, even if it has gen-u-ine Ferrari parts. Unless they were planning on spending the money to return it to Can Am configuration. The problem is now the the car is very controversial and has now mostly become bastardized. As it becomes more and more a re- creation with new parts it's racing heritage becomes less and less important. I guess I think it would have been smarter to build a new car from the original blueprints... For that kind of money you could have had anything cast as needed to build a perfect copy...

 

Can you clarify that this is actually true. From what I've gathered that under the kit car body the underpinnings are 350 can am, Engine/chassis/ wheels/ gearbox etc.

Therefore with the body sitting next to it I'd have to say that the 350 Can Am life is far from gone whereas the P4 has been gone for close to 50 years.

Without the right underpinnings it is impossible for it to evolve backwards to the previous P4 spec but rather it is still a 350 Can Am in a P4/$ disguise.

Am I wrong?

 

Replica????

 

I don't think the "evolved" is quite the right word.

In any case your argument was changed a bit since your original post.

 

There may be a higher offer, I certainly haven't heard about it. However, at the time, less than a month ago, it was the highest offer made. I know, because when my friend offered the 15MUSD we were told it was the highest offer on the table. So feel free to correct me if a higher offer has been made more recently.

 

Not true.

 

A higher offer has been made? Interesting, that news to me.

 

Substantially higher.

 

Really? Interesting, you have PM by the way.

 

In which case, this is what's meant by the expression "A fool and his money are soon parted."

 

I have never argued, just stated facts.

Initially it was claimed on here that no one would ever pay more than the original asking price when it was in Cam Am spec, and now a number of people have actually offered very significantly more money for the car in its returned P4 spec they are fools.

Now that's arguing!

 

I don't think anybody with over $15m to blow on a car could easily be considered a fool.

 

I suppose that 15mm USD would be the current market-value of the car as a Can Am, give or take. If the replica comes with all the bits that were amputated, it could effectively be returned to Can Am, albeit with tell-tales, no doubt. In that light such an offer wouldn't be that unreasonable, or would it?

Best,

Jack.

 

"Evolved" definitely isn't the right word...

 

Well, if it it's not the real thing...
Basically it's now the Can Am chassis/ engine/ gearbox with modifications under a P4 body. It's not a P4, it's not the Can Am. Doesn't that make it a replica built out of Ferrari parts? Kind of like taking a 250 and making it a GTO ;-)

Flame on...

 

Excuse my saying so, but that's a bit disingenuous.

 

True.

What some will or won't pay for a 350 Can Am with a incorrectly made Replica "P4" body has NOTHING to do with what something is.

Those who want a 350 Can Am with an incorrectly made Replica "P4" body are in luck as Piperised 0858 is still for sale.

Those who want a real original P4 aren't as LS's isn't.

If one wants a 350 Can Am fitted with a properly made replica "P4" body I'd talk to the B family. Their family meeting is in September.

"disingenuous" is the correct word.

http://www.ferrarichat.com/forum/142427182-post1349.html

 

Facts are a funny thing, your facts are based on what exactly? Personal involvement in the project perhaps?

Fact is there are no more 350 Can Am's, that's in indisputable fact.