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

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by mjw599, Nov 12, 2008.

  1. Drive550PFB

    Drive550PFB Two Time F1 World Champ
    Rossa Subscribed

    For those of you on this board who say--"well this could be confusing. Two variables of the equation are moving at once, so how do I tell if this is right?"-- here is one way to judge this (not the only way) would be to peg this to the value of gold. If we assume that gold is worth about $900 per ounce, then it is "about" 225 ounces to get to $200K. A year from now, if 225 ounces of gold will get you the F-40, then it is worth about $200K in today's money.
     
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  3. TcpSec

    TcpSec Formula Junior

    Feb 8, 2004
    444
    LA, USA
    Full Name:
    Zeno S Paradox
    Jim,

    I think you are on the mark here. Any ideas when Mr. Obama will put us on the hyperinflation route (and really piss off China in the process)?
     
  4. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    I personally think there are two Trillion dollars of Toxic Assets we will be buying and I also think we will spend an additional two Trillion Dollars in stimulus. RIP The US Dollar.

    At this point in the disaster I don't see any other way out. God Save Us All.
     
  5. 348lmgt

    348lmgt Rookie

    Sep 13, 2006
    31
    Having just won The Super Car Cup at Cavallino 2009, I've raised my asking price to $700K+. You get what you pay for. I think I learned that at law school and Wharton. I've received an amazing plethora of economic theories reading the entries posted here.
     
  6. joe sackey

    joe sackey Four Time F1 World Champ
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    May 23, 2006
    49,485
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    Joe Sackey
    Quite.
     
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  8. DM1

    DM1 Formula 3
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    Nov 9, 2006
    1,007
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    DM

    +1
     
  9. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,288
    I'd be curious to know what your car offers that is 300k more than all the others? A cup?
     
  10. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    The important thing to keep in mind when looking for any Ferrari is to deal with people who understand what the market for these cars really is. One of FCHAT's Sponsors, Universal AutoSports Jimmy Pugliese 516 801 8201, not only knows the real fair market price but has cars that can be vetted/PPI'd and Universal is also well equipped to service them at reasonable rates and provide transport and track-side and concours support.

    These days one can't be too careful. "Golden Opportunities" can turn out to be something that should be avoided like the Plague.

    I have no financial interest in Universal at all but have done business with them and their Principles for years and highly recommend them for sales and servicing of any Ferrari especially Ferrari Supercars.
     
  11. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    :)

    Hey Dude why don't U 2 come back to the Home Land in June.
     
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  13. joe sackey

    joe sackey Four Time F1 World Champ
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    May 23, 2006
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    #485 joe sackey, Jan 26, 2009
    Last edited by a moderator: Sep 7, 2017
    Fair Market Price...
    Image Unavailable, Please Login
     
  14. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    I'd love to read the ones you did to get to that number. That being said, for your sake I hope PT Barnum was right.
     
  15. f40carlo

    f40carlo Formula Junior

    Dec 31, 2005
    362
    CANADA
    Full Name:
    Carlo
    ....spare us the fanatics....I have a perfect F40 (IMO), and I can tell you in all honesty what EVERY educated or uneducated, intelligent or stupid, experienced or inexperienced salesperson KNOWs....a car is worth what someone will pay you for it. You are dreaming if you think you can achieve anywhere close to $700K for a car they manufactured 1300+ of.

    I too wish you good luck.

    Carlo

    (PS. I have multiple degrees too, so I am not mocking or minimizing your degrees/intelligence...take no offence)
     
  16. mchas

    mchas F1 Rookie
    Silver Subscribed

    Oct 5, 2004
    4,960
    Los Angeles
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    Mark
    Hope you get that kind of money for it, but looking at your posts, you've been trying to sell that F40 for "700K+" since last June. If it didn't work then, I imagine raising the price now won't help your cause. Good luck though.
     
  17. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
    3,034
    Media, PA
    Full Name:
    Erik
    Looks as though he has been trying to sell it since May 2007!! http://www.ferrarichat.com/forum/showpost.php?p=136736387&postcount=1

    Erik
     
  18. cmparrenzo

    cmparrenzo F1 Rookie
    Rossa Subscribed

    Mar 3, 2002
    2,685
    Kansas
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    Chris Parr
    I love the mystique of the F40, yes, as a past owner I know the reality of these cars.

    I think F40's tend to fall into two groups, the cars that have been driven (I had 21,000 miles on mine) and cars that are trophy's.

    These cars are not easy to drive, not always fun to drive, and many drivers are simply not skilled enough to drive these cars at speed, so many sit around in garages as a shrine.

    A Cavallino Trophy never interested me, but I respect what it takes to earn one. Does a Cavallino Trophy really add value, well yes to some it might. It just depends on how the owner is going to use the car.

    I would rather be on the track chipping paint rather than polishing paint....

    Jim and I share some of the same passions, he drives everything he has, including the P4/5 rain or shine, I think we earned each others respect when we were comparing track rash on our cars at the French Quarter Classic.

    As for prices, I believe the range will once again establish itself between $300,000 and $400,000.

    Congratulations on your win, I am sure it is a beautiful car!
     
  19. joe sackey

    joe sackey Four Time F1 World Champ
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    May 23, 2006
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    I thought the 2 groups F40s fell into were: smokers and non-smokers :)

    Nice post BTW, I agree with all.
     
  20. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
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    Jim Glickenhaus
    #492 Napolis, Jan 26, 2009
    Last edited by a moderator: Sep 7, 2017
    You forgot in the snow. Interestingly road salt washes off of Carbon without issue.

    Hope U and Yours are Great!!

    One last point. Rock chips earned by driving on Hollowed ground add rather than detract from value IMHO.


    http://www.youtube.com/watch?v=8bOpGUeCZiI
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  21. fastradio

    fastradio F1 Rookie
    Professional Ferrari Technician BANNED

    Apr 26, 2006
    3,652
    New England
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    David Feinberg
    Wow!
    You're modest and an elitest...
    It's just too bad that you missed Economics 101 and the laws of "supply and demand"...

    Regarding your $700K asking price, perhaps you remember the TV show "Dream On?"


    David
     
  22. rodsky

    rodsky Formula 3

    Mar 24, 2003
    1,601
    Los Angeles
    Dont you think that maybe, just maybe his post was tongue in cheek? :)

    If not tick tock, tick tock...............
     
  23. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,288
    I'm asking 1 million for mine because its a very rare and highly desirable color combo - Red with grey interior
     
  24. Napolis

    Napolis Three Time F1 World Champ
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    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    Did you go to Harvard? If so you should ask more.
     
  25. Modeler

    Modeler F1 Veteran

    May 19, 2008
    7,189
    State of confusion
    Full Name:
    a.n.other
    Mmm, I assumed he was taking the piss.
     
  26. fastradio

    fastradio F1 Rookie
    Professional Ferrari Technician BANNED

    Apr 26, 2006
    3,652
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    David Feinberg
    Perhaps....or pehaps not?

    I just won a Platinum Award for my Mondial 8 at the local "Burger King Drive Thru" lawn event. Perhaps with this provenance and my Ivy League schooling, I would be entitled to entertain offers in the mid $300K range, from qualified buyers, of course...
     
  27. teak360

    teak360 F1 Veteran
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    Nov 3, 2003
    9,903
    Boulder, CO
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    Scott
    #499 teak360, Jan 26, 2009
    Last edited: Jan 26, 2009
    It was once the car of the month in the Harvard Lampoon...
     
  28. Drive550PFB

    Drive550PFB Two Time F1 World Champ
    Rossa Subscribed

    Man, I learned that a long time before law school.

    Following on my prior post, I believe your car will hit $700K when the price of gold is $3,000 an ounce.

    What this means is . . . without a lot of inflation, you will not get there. Just too many on the market.
     

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