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F40 Auctioned RM Santa-Monica sold 870K

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by Juan-Manuel Fantango, Jun 24, 2017.

  1. Juan-Manuel Fantango

    Rossa Subscribed

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  2. frefan

    frefan F1 Veteran

    Apr 21, 2004
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    Somebody stole it
     
  3. joe sackey

    joe sackey Four Time F1 World Champ
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    #3 joe sackey, Jun 24, 2017
    Last edited by a moderator: Sep 7, 2017
  4. GuyIncognito

    GuyIncognito Six Time F1 World Champ
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    Is there a backstory here or is that market now?
     
  5. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    higher mile cars have been around 1 to 1.1
    aftermarket turbos - what does that mean? wld have kept me away.
     
  6. ag512bbi

    ag512bbi F1 Veteran
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    Any other Ferrari results. can't seem to find it online yet.
     
  7. F40-R

    F40-R Formula Junior
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    That's good buying in this market.
     
  8. F40-R

    F40-R Formula Junior
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    #8 F40-R, Jun 24, 2017
    Last edited by a moderator: Sep 7, 2017
  9. ODK

    ODK Karting
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    I saw this car in person 2 weeks ago...it was not in great shape...it has a 360 radio jammed in the dash, speakers in the door...the shop where I saw it did an admirable job of cleaning it up...the facts remain that it has a bunch of aftermarket parts and it definitely showed it's mileage...
     
  10. amenasce

    amenasce Two Time F1 World Champ
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    Did they really sold just 6 of the 24 Ferraris??
     
  11. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    12,617
    It's winter in Santa Monica?

    That radio and speaker setup looks completely out of place in the F40. I'm not sure why someone would do that to the car...
     
  12. ross

    ross Three Time F1 World Champ
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    how would you hear it??

    i have to wear earplugs with my tubi
     
  13. amenasce

    amenasce Two Time F1 World Champ
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    That auction was a failure. So many no sales.
     
  14. kevin956

    kevin956 Formula Junior
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    #14 kevin956, Jun 25, 2017
    Last edited by a moderator: Sep 7, 2017
  15. joe sackey

    joe sackey Four Time F1 World Champ
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    FWIW, this car gave evidence that it was not the most loved example of an F40, and it had 16,000 miles.

    I think the result was about right for this example.

    I'm finding that great examples of the Ferrari Supercars (GTO/F40/F50/Enzo) are strong, the other more prolifically-produced Ferraris, not-so-much.
     
  16. ttforcefed

    ttforcefed F1 World Champ
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    i dont get it - if you are going to put the effort into taking a car to an auction why not remove the radio etc and get it back as much as possible to original. Kind of pisses me off someone would send an icon to auction with a radio like that.
     
  17. joe sackey

    joe sackey Four Time F1 World Champ
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    Some people don't care, especially @ the point at which they are ready to off the car by public auction.

    Yet more evidence that the best cars often change hands via Private Treaty, simply because, they don't need to come to auction and give up 10%.

    Also, in a Private Treaty sale, the atmosphere is much more controlled & carefully-considered with ample time for due-diligence & negotiation, so, the resulting numbers are real & unsurprising, with great cars getting what they deserve.
     
  18. ttforcefed

    ttforcefed F1 World Champ
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    i struggle to understand why sellers choose to use an auction house. Outside of being long the drunk sailor option i really dont get it.
     
  19. Yassa

    Yassa Formula 3
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    Awesome,...wish I had a million bucks to blow.
     
  20. joe sackey

    joe sackey Four Time F1 World Champ
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    Blow? Surely you meant to say 'invest'!
     
  21. ferrari1971

    ferrari1971 Karting

    Jul 26, 2015
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    Santa Barbara , Ca.
    #21 ferrari1971, Jun 25, 2017
    Last edited: Jun 25, 2017
    I sold my 1990 F40 in 3rd quarter 2013 and I could barely get $1 million in Los Angeles. (perfect car, luggage, service un-molested car ,known history from new 3,800 mile , detailed by Dave at Premiere etc) roll 4 years later same price. All the big players that was the money. I talked to Shelby at RM and Gooding and I could not do any better. The SP500 was at 1650 today 2438. about a 45% increase. My Neighbor in San Antonio , TX back in 1990 paid 1million for his F40, 27 years later same price. (not sure what happened to him though) I guess it is all timing. And since it is winter here in LA , Im going head up to Mammoth to get some skiing in.
     
  22. joe sackey

    joe sackey Four Time F1 World Champ
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    Indeed timing is everything.

    The best example I can convey is a gentleman who after being denied the initial run of F40s @ 1990 - 1992, waited till 1996 to purchase a car at just over $300,000, kept it 20 years till 2016 and sold it early last year for @ $1,500,000.
     
  23. Luxb1

    Luxb1 Karting
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    These cars were €250,000 all day long in 2003-2004.
     
  24. GuyIncognito

    GuyIncognito Six Time F1 World Champ
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    My guess is a combination of not knowing the right people (buyers or brokers) for a private party sale, hoping two get two bidders in a bidding war, and the attention of selling a car at auction.
     
  25. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,288
    Great pics thanks for sharing
     

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