1974 365BB sets record saleprice at bonhams for $152K, price not seen since late '80s.
The ex-King Hussein of Jordan 1974 Ferrari 365GT/4 Boxer Berlinetta - Perhaps the finest surviving example of its type, this extraordinarily high-quality supercar, glowing in the late King Hussein of Jordans favoured bright orange livery, was bought by a European collector for CHF183,327 (US$152,265). This exclusive car - flown new direct from the Ferrari factory to King Husseins palace in Amman - still retains his specified 8-track stereo/radio and had covered fewer than 6,300kms from new fully justifying its new record price for the model, a value level not seen since the late 1980s. Image Unavailable, Please Login
Do you understand the implications of this sale.Thats it, the first rung of the upward spiral in the value of boxers has commenced.The shot will be heard around the world.Just as the Miura,the 275gtb,and the Dodge challenger/hemi cuda's have rang the bells of each catagory of collectable cars and skyrocketed ,so now has the boxer series awakened...We all know how undervalued the boxer series is...well wait till FML reports this in their model value report. Hang on Boxer owners, we are about to take a ride!and the tank is filled with rocket fuel.This is pure pandamonium! I have just raised my sale price to $250,000.00
sell your boxer? then what are you going to buy? my boxer will stay...nothing better to replce it with. they do remain very undervalued though!
It'll be 1989-1992 all over again! Who'll get burned by over pricing this time!?! Whoo-hooo! I think the boxer's a bit undervalued. A bit. There are too many Ferrari models on the market to choose from to create this kind of price increase. Not only are there too many models there is also a great deal more of them available. I'd say we'd see a spike in Daytona prices and say, GTO prices before the Boxer. It even seems Dino prices have backed off a bit. (Maybe the owners want Boxers!) Don't get me wrong. I'd love to have one. I think this sale was a special car that showed up auction at the right time. I also think this was a bit of auction "fever" working here. Are there going to be any Boxers at Barrett-Jackson this year? If those cars show a good bump, I'll eat my words. Then again most Gen-Xers are getting to an age where theyll be spending some of their hard earned cash on the dream cars of their youth. Which is what really powered the sale of the cars above and others. Ill keep my fork close
There already has been a significant spike in Daytona prices, as there has been in all of the pre-1970 cars. Dinos may be an exception, but over the last five years or so they have already had a big runup. I wouldn't get too excited by this result, and I agree that I would need to see a few more sales at high prices to call a trend. This Boxer sounds like an exceptional car, and exceptional cars often bring exceptional results.
Not sure about the hi production numbers being a problem. Look at the prices on '67 Shelby GT500s, they're nuts, fueled by a generation of enthusiasts that dreamed of owning these cars and now have the income to acquire them. GT500 production was 2,050 cars, 3225 if you include the GT350s. The overall Boxer production number of 2315 is a bit more but for the U.S. market much rarer if you figure that only 25% or 580 Boxers came to the U.S. market. I think we are just starting to see the kids that dreamed of driving up in a Boxer for a Saturday night date reaching the level of income were they can fulfill that dream with a lot less regard for budget. I know I fit that category.
I don't think that it's going to have that much of an impact on Boxer prices overall...at least not in the immediate future. I feel that the high price was fueled by the fact that King Hussein owned it, as well as the fact that it is a pristine/low mileage example. 89-92 is not going to happen: - too many people got burned; - many good used Ferrari's (from 246's to 360's) for sale.
I would love to see the Boxer restored to its rightful place as a super all around Ferrari. I fear that cars like the CS and 430 will make that very hard. Even I, the Boxer lover that I am, would be hard pressed to pay the same money for one that I would pay for a CS or 430, even if the Boxer is a better looking car IMO.
Granted, if reason prevails this should be true. But reason is not being applied to the muscle car market as we type. Automobiles seem to create a passion that can throw VOR right out the window. And us humans are not very good at learning from history. In addition, the good used Ferrari market shrinks if you're from my generation where "THE" Ferrari is a mid engine 12 cylinder. I agree this one sale will not catapult the Boxers in to the stratosphere but I do think that demand is slowly going to surpass supply. Either way, I'm having a blast with my car and it is exactly as much fun as I envisioned it would be.
Kevin, I've noticed that in the past, the rise in prices for collector cars was a result of unprecedented economic well being. And when the bubble bursts, so too do car prices. As it stands today, more people are getting richer faster and younger, and consequently have the buying power; hence, the rise in prices in some collector car segments. As far as not learning from history, you got that right. So.....let me rephrase by saying that: ''89-92 'could' happen.'' In passing, a carbed Boxer is what I want to graduate to. Enjoy your ride!!
Problem with boxer prices going up too high is our cars will become another group of too precious to use garge queens. I agree that the hussein car fetched a special price because of condition and who owned it, for someone this was a celebrity car. The latest boxers on e-bay have high ask prices and no bids. That being said Boxers have a lot going for them. 1 Beautiful classic pininfarina lines and low prod numbers. 2 Relevant performance in a variety of road uses. A daytrona while awesome, is basicaly an open road high speed runner. While the boxer is great on the open road it can also be driven comfortably in traffic and additionaly is enjoyable on winding roads. What boxers really need to make their values grow is an opportunity to be really used as enzo intended. Pre 1975 ferraris can run in numerous rallies, newer cars have enough track bias to play there. Boxers are primarily road cars but are not included in historic type rallies. However as grey imports in an era when nearly every other car was slow or crap they were always made of exotic unobtanium. Therefore a Boxer appeals to the real aficianado and ultimatly will pull up to 275's in desirability once the poser "collector" twits catch on. Untill then a boxer is the ultimate choice for those who understand, unless you can afford a 288..
i agree with what you are saying, but in hard reality even the 288 and F40 are 8cylinder turbocars, not a NA 12 cylinder thats a totally handmade masterpiece that Enzo directly was involved in it's design that is pure with a direct link to race cars of the era with no DOT regulations in its bumper height etc. Those that are knowlegeable on Ferrari and it's history realize what a value and performer a Boxer is for it's price. This was an exceptional car, but hussein owning it is not that big of an impact. I agree if Boxer prices get crazy it will turn a car that is an enjoyable classic driver into speculative expensive garage queen too valuable to drive.
I read recently comments by the boss of one of the big auction houses (sorry, can't remember which one) that any 'collectable' generally hits its high point 30 years after its peak popularity because that's about the time it takes for the men who were besotted by the item, as teenagers, to be of the age and means to splurge now. So the top 1974 vehicles are spot on to start making records about now.
All these thoeries about 30 year price spikes etc would imply that the ultimate schoolboy fantasy car the countach should be moving up too, havent seen it happen there. Part of the problem is that the 30 year fantasy buyer wants image and pose not necessarily reality. Thats why so many go for new old style harleys. Boxers and countach's require knowledge, serious commitment and maintanance. On the other hand muiras sure have gone up.
At this point there seems to be two Boxers (both 512's) among the nine Ferraris on the B-J list. http://www.barrett-jackson.com/events/scottsdale/vehicles/makelistnb.asp?auctionid=51&makeid=1823
Who is responsible for this,....Anyone claiming ! http://www.barrett-jackson.com/events/scottsdale/vehicles/makelistnb.asp?auctionid=51&makeid=1823 Image Unavailable, Please Login
a rare twin turbo model, with the 'nail polish' wheel treatment... "hand me down my shooting iron" SRV I'll get that widow on the phone... and tell her AJ Foyt's old ride is "lookin up"........ Uh.. Non celebrity Boxers are stiffing on ebay below $80K, man....
I know we all love 'em......Heck, I love 'em! But Gstaad is a fantasy, as I mentioned on the PF Coupe thread.....the euro's spankin' the dollar so hard they are lighting cigars with C notes.... Like Uday, without the firearms, ya know?????
