F40 prices sinking fast? Asking below $499k and no takers

they widened the marque list to widen the interest....not because they didnt have enough cars to sell.
here are the cars i know of that they refused for the auction this year because they had too many (according to them):
- 2 x 512 bbi low mileage perfect shape
- 2 x brand new enzo's
- 1 x f40 with 33,000 km no mods

there may have been others....

 

I can understand why they didn't take any more boxers as there are four already but the sale could have taken another F40 and maybe another enzo. The F40 they have taken is a poor example. There really aren't that many cars in the lot list compared with say three years ago. I can't believe that a maserti 3500 or two is going to bring in that many punters. Bonhams are probably turning away those cars where the owners will not agree to a low reserve - they want to guarantee making their money.

It is significant that there are not many high end cars here no 250 swb's etc.

Looks like your have to want abit longer for that cheap F40 Ross.......

 

I guarantee you that many dozens of cars have been offered for consignment to Bonhams and other auctioneers. However, MOST owners are totally unrealistic and just don't get it. Their expectations are 30 percent too high. They are poorly informed and don't do their homework.
If people were a bit more realistic much more business could be done. Besides that, many cars are just not very good and have problems. And some of them have been on the market since years.

Not many high end cars??? What? There is a superrare 121 LM Spider of which less than a handful were built, and it even has Le Mans history. And there is a superrare and even unique 212 Export Spider which has perfect Mille Miglia history. What else do you want? Both come from the estate of a French collector.

And is a genuine matching numbers TDF not "high end" enough? What do you want? A 250 GTO? A 335 S? A 330 P4? A 250 TR? Get real!

Marcel Massini

 

True, True. True. The auction Houses no longer have interest in cars with unrealistic aspirations. It just wastes everyone's time and money to have cars NS.

Best

 

So they are not that desparate to sell then. If they were they would accept the auctioneers low value opinion. And the auctioneer does not care that they get less as they still get their commission. 30% less commision is a lot less than 30% of the value of the car.




Alright there are three top end cars, two you say from the same collector - hardly flooding the market. There have been many more quality Ferraris for sale at this auction a few years ago the lot list was much bigger. There are two sales in Dec in England of note Bonhams and Coys and they are not flooded with classic Ferrari entries.

What you are saying does not infer a market meltdown for classic Ferraris.

 

"Of note"? Oh no, NEITHER the Bonhams sale early December in England, NOR the one of COYS ever saw any significant or particularly attractive classic Ferraris. Wrong location and timing. The location of Gstaad and the timing (right before xmas) is much better. But one must also keep in mind that in the past 11 years since the first Bonhams (Brooks) auction took place in Gstaad, the collector car world has changed big time.

Marcel Massini

 

Ok Marcel, I agree the Gstaad auction, The RM maranello auction are the big ones in Europe. Bonhams and Coys are of note for England.
But...........the Gstaad auction does not have that many entries! You are arguing against yourself ! What is your point ? Owners are simply not just dumping these cars in large numbers and to come back to the thread - F40 prices are not sinking fast in Europe.

I guess you must be a buyer trying to talk the mkt down and get a cheap F40 ? For the moment, like Ross you'll just have to wait. Find me a 200,000 euro F40 and I'll take it for track use.

 

well i can tell you that i offered one of my cars, the bbi, and they never even asked me what my reserve was before they refused...i know that one fo the 'new' enzos was offered with a reserve of 1 mil euros....which i dont think is that onerous.

if i wanted a 'cheap' f40, i could have bought this black one, since that is one of those offered to me in the last 2 months - but it is not worth the trouble and a huge pain due to the modified spec etc. BUT i am happy that this car is in the sale, because no matter how bad or difficult that car is, the fact that it is an f40 and it will sell badly, will simply affect all the pricing. sure, the top tier pristine cars may not be affected at all. but everything else will get a haircut of some degree after this black car gets hammered sold....

 

I am not a buyer at all and I am not interested at all in an F40. I am just very realistic. Many are not. That's ok and I can live easily with that. Oh, it has never been Bonhams' goal to "have that many entries" at Gstaad.

Marcel Massini

 

If Marcel finds you a euro F 40 for 200K euros you'll take it for track use but when Ross post's one asking 238K euros that already has been modified for the track, which would easily cost more than 38K euro to do to a stock one, you act as if someone has farted?

 

Re Ross's 238k euro car -are you talking about the black Bonhams Gstaad car? If not let me know which one. If so the guide on this is 420k - 500k swiss francs. Thats 270,000 euros to 323,000 euros plus 10% premium (297,000- 355,000 euro). Or £247,000 (inc premium)at the lower estimate, which is not cheap for a car like this. This is a modified car and not a good investment. But lets see what it goes for.

 

You said you'd buy it for a track car and a modified one is much better for the track. Here's one you can buy in the range of the black one which seems to be in good shape and there's no 10% fee.

http://www.autoscout24.ch/AS24Web/Detail.aspx?wl=1&lng=ger&id=5597295&qs=from%3dSearch%26make%3d27%26model%3d1732%26cur%3dCHF%26zipcountry%3dCH%26total%3d3&page=1&row=2

I read Ross's in $ not E so it's 280K euro not 238 euro.

When we see how the Black one does or doesn't do we'll have a clearer picture but do you really think it's not possible that the Black one will sell below low estimate? If prices fall 30% from today's asking prices in Europe you'll have your 200K euro F 40.

I think they'll fall 50% from here you and other's think I'm nuts and this is the bottom.

We Shall See.

Cheers!

 

I'm anxiously waiting for good, solid F40s and F50s at USD180K and USD300K respectively. However, from some of the previous posts, my fear is that there will be none for me to acquire at these price points due to others' buying them before they get down to these mentioned prices. That said, for those of you thinking about jumping in and purchasing these fine cars above the USD180K (F40) and USD300K (F50), please be merciful and leave a few unpurchased so that they may further drop to the magical 180K and 300K price points in order for me to pull the trigger...

 

No question low prices bring the buyers out:

http://www.nydailynews.com/ny_local/...art_after.html

Worker dies at Long Island Wal-Mart after being trampled in Black Friday stampede

BY JOE GOULD
DAILY NEWS WRITER

Updated Friday, November 28th 2008, 10:19 AM
A Wal-Mart store was the scene of chaos this morning. Anderson/News

A Wal-Mart store was the scene of chaos this morning.
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A worker died after being trampled and a woman miscarried when hundreds of shoppers smashed through the doors of a Long Island Wal-Mart Friday morning, witnesses said.

The unidentified worker, employed as an overnight stock clerk, tried to hold back the unruly crowds just after the Valley Stream store opened at 5 a.m.

Witnesses said the surging throngs of shoppers knocked the man down. He fell and was stepped on. As he gasped for air, shoppers ran over and around him.

"He was bum-rushed by 200 people," said Jimmy Overby, 43, a co-worker. "They took the doors off the hinges. He was trampled and killed in front of me. They took me down too...I literally had to fight people off my back."

Nassau County Police are still investigating and would not confirm the witness accounts. The Medical Examiner will determine the cause of death. Police did say there were several injuries but weren't more specific.

Jessica Keyes was among the shoppers. She told the Daily News she saw a woman knocked down just a few feet from the dying worker.

"When the paramedics came, she said 'I'm pregnant,'" Keyes said.

Paramedics treated the woman inside the store and then, according to Keys, told the woman:

"There's nothing we can do. The baby is gone."

Before police shut down the store, eager shoppers streamed past emergency crews as they worked furiously to save the store clerk's life.

"They were working on him, but you could see he was dead, said Halcyon Alexander, 29. "People were still coming through."

Only a few stopped.

"They're savages," said shopper Kimberly Cribbs, 27. "It's sad. It's terrible."

 

an F40LM would be nice

 

Hope U 3 Are Well!!

 

Rolands is still available
http://www.race-cars.com/carsales/ferrari/1177627657/1177627657ss.htm

Listing has been viewed only 23,451 times and no takers?

maybe needs a price modifcata

 

Anyone that was around the massive bubble market in "exotics"/classics of 1989, when many cars were doubling in value practically each month, from F40's to 328's to E-type's, will not correlate it with today's scenario. Yes, prices will drop due to the recession but let's not put out misinformation of 80% drops using '89 as example, as it's not helpful to anyone and is quite disengenuous.

 

True, but at a buck-eighty you're approaching new Cali $. Might be worth digging a little deeper ...?

 

Not only was I there at that time I bought a Big car for 20 percent of what the owner had
In it.

Still have it

Try that bs on someone else.

 

Why didn't I think of it? You're onto something. I have been totally on the wrong path trying to spend 180K on an used F40 when I can dish out another 40K or so to get a brand new, mass-produced California...

 

Well done.

Where were you in 1987/88? Did you notice a massive spike in prices after? You know the answer to that.

I'm away for the evening but will come back to this, as you are seriously misinforming people with comparisons to current prices and if that were not the case, I wouldn't waste my time replying.

 

Is there some part of taking inflation into consideration prices never recovered from the 89 high tick that you can't understand? Is there some part of it took 18 years for 250 GTO's to reach the same dollar amount not taking inflation into account that they traded for in 89 that you can't understand? Is there some part of a 4 Cam traded at RM in August of this year for 2MM and three months later a 4 Cam traded at RM London for 840K that you don't understand?

As for "seriously misinforming" this is the only warning you'll get. Where you live the penalties for showing a serious disregard for the truth are severe.

 

asking for F40 in Italy ( and most part of Europe) are as hi as they were 12 months ago (if not some over it...)
the thing is that these cars never went so hi as they did in US in 2007, they were from 250k euro and up to some stupid asking nobody was buyng (400k or more) and are still that way. period

 

dude you are way out of your league