F40 at Manheim auction

F40 for sale in PA

Greg A

 

Please do report back, with pics!

When you are there, ask the auctioneers that did they know this F40 is the 131st USA specification example built? I guarantee that information will be greeted with a blank stare...

Joe
www.joesackey.com

 

Please do let us know whether the car sells for a market correct $415k, as stated in the recently updated Mannheim publication, "The Gold Book:"



1991 FERRARI F40 Dsp/HP Eng Fair Good Exc Show Loan
BERL (216 US/1,315) 1988-91 2.9/500 V8 280,000 320,000 370,000 415,500 H 279,000

Data updated December 2007.

 

I love their data... 216 USA F40s. I have the 3 extra cars in storage

But production only till 1991. The 1992s must be replicas.

Joe
www.joesackey.com

 

The Gold Book is horrible.

 

High bid was $575k - couldn't tell if it sold or not - I was bidding from Simulcast.

 

I was the high bidder at $550k - I got a counteroffer online for $600k, which I rejected (of course). Then it said "new ask - 575,000, "Live bidder - 575,000, SALE PENDING"
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was told it was sold at $585K

 

not bad at all

 

Still a good buy.

 

It looked to me as if 575 was the highbid and they wanted to sell it for 600. There were a few floorbidders which was suprising.

 

Well, even in this economy they are still getting some high offers.

 

Does anyone posting here have proof this car SOLD??

Joe
www.joesackey.com

 

I'll stop by the auction today and inquire about it, since I"ll be passing right by there.

 

And pray tell us what they tell you... they own and control the "Gold Book" incidentally and I can tell you sales prices are not publicly divulged so its difficult to pin anything down.

Naturally I take all auction results with a grain of salt. A very large grain...

Joe
www.joesackey.com

 

Ah, I wonder why?

Joe
www.joesackey.com

 

because i have a strong feeling it didnt sell. I think we mau be seeing a correction here soon. This may be the start.

 

I didn't make it there today. I got held up with appointments in Lancaster all day, plus today is their big sale day. Monday I'll see what I can find out.

 

Talked to someone who was there and he said car did not sell.

 

the fact it didnt sell does not surprise me at all. I have said numerous times that eventually, the recession will affect the values of even the most exotic collectibles....I own an F40 and I do not want to see it erode as did so many F cars in the ninetees; I saw Daytonas tumble from 500K to 125K in a months; I have no intention of selling my car/cars; but i firmly believe that the Ferrari market is not immune from a decline. 600K is a lot for a car that is not very low mileage; and may be a lot for a low mileage car soon.

 

I agree with you a 110% the recession is taking its toll now. They say the house market is up, BUT and I said BUT the the SELLERS are taking the it HIT. Better to hold on to and sell later then sell now and shoot yourself later.