F40 USA version coming to auction | FerrariChat

F40 USA version coming to auction

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by ross, Feb 21, 2022.

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  1. ross

    ross Three Time F1 World Champ
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    Mar 25, 2002
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    Ross
  2. PAUL500

    PAUL500 F1 Rookie

    Jun 23, 2013
    3,136
    Great VIN number to own, surely that will add a premium in itself?
     
  3. ross

    ross Three Time F1 World Champ
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    had not even noticed that !
    pretty cool.
     
  4. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    Or it could be any number of variations in-between.

    Agreed that's a very cool VIN number but I doubt it'll bring a premium, we've just sold a CGT with a 01234 VIN number said by some to be very desirable but I don't think it brought any extra money https://www.sackeyandco.com/results

    The 146th Tipo USA F40, based in Oregon and owned by a discerning gentleman we recently sold a stunning 275 GTB/4 to.
     
  5. Marcel Massini

    Marcel Massini Two Time F1 World Champ
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    Mar 2, 2005
    24,860
    .....Wyoming.

    Marcel Massini
     
    020147 likes this.
  6. Smiles

    Smiles F1 World Champ
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    Nov 20, 2003
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    Matt F
    Even number serial number.

    That makes it a race car, not a street car, right?

    :)

    Matt
     
  7. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
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    He's in Wyoming & California, but the F40 is stored with some other cars in Oregon.
     
  8. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    24,860
    We both know all that, of course....

    Marcel Massini
     
  9. joe sackey

    joe sackey Five Time F1 World Champ

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    Correct, I meant the F40 itself was based in Oregon, all good.
     
  10. amenasce

    amenasce Three Time F1 World Champ
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    Interesting to see F40s have surpassed 275 GTB and possibly GTB4s in value.
     
  11. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    is there a bigger market cap car? around $2.6B.
    Mclaren F1 around $2B?
     
  12. amenasce

    amenasce Three Time F1 World Champ
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    Seems about right.
     
  13. Drew Altemara

    Drew Altemara Formula 3

    Feb 11, 2002
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    Drew Altemara
    I'm curious. First time seeing market cap applied to collectables let alone cars. Are you saying the market cap is number of cars X average price? In the F40's case, roughly 1,300 X $2M = $2.6B?

    Is market cap important for a car line? Again, just never saw it looked at this way.

    Drew
     
  14. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    yep that's the math.

    my view is the more market cap the more indicative the state of the market as there are that many more voters in real size...
     
  15. [gTr]

    [gTr] Formula 3

    Mar 11, 2008
    1,046
    Hamburg, Germany
    Tell us the truth, when are you launching the F40Coin and F40NFT.... Crypto for sure has brought market cap back in vogue :)
     
  16. ttforcefed

    ttforcefed F1 World Champ
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    Ha! Im pretty sure my much savvier/smarter friend redshift75 beat me to it.
     
  17. joe sackey

    joe sackey Five Time F1 World Champ

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    250 GTO, 75m x 36 = 2.7b
     
  18. ttforcefed

    ttforcefed F1 World Champ
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    all 75 cars trade for an average of $75? i thought it was lower.
     
  19. [gTr]

    [gTr] Formula 3

    Mar 11, 2008
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    Hamburg, Germany
    This is exactly the problem with using market cap for collector cars/items. They are not fungible.
     
  20. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    not so. come up with a reasonable average and you get 90% there, if not 100%.
     
  21. Prancing 12

    Prancing 12 F1 Rookie
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    May 11, 2004
    2,757
    The long way home

    Agreed.

    The market cap discussion is becoming more widespread recently and I know some collectors are looking for buying opportunities at least partially based on this metric. Very interesting stuff and another indication that specialty cars are maturing as an asset.
     
    joe sackey likes this.
  22. ross

    ross Three Time F1 World Champ
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    2 more days until we know how the stack looks going forward....
     
  23. joe sackey

    joe sackey Five Time F1 World Champ

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    It'll do well I think, but it's possible that some may wait for comparable (Classiched, serviced etc) but lesser-travelled USA F40 with @ 2,000 miles and unique ownership provenance coming to the market soon.
     
  24. ross

    ross Three Time F1 World Champ
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    #25 ross, Mar 3, 2022
    Last edited: Mar 3, 2022
    so this one is NOT special enough? 3800 miles is too many?

    This 1991 Ferrari F40 was finished in Rossa Corsa (Racing Red) over a Stofa Vigogna (Vicuna Cloth) interior and delivered new in September 1991 to Harold W. Sherrill of Hickory, North Carolina, through Foreign Cars Italia in nearby Greensboro.

    One of 213 US-specification examples built, this F40 features a nonadjustable suspension, catalytic converters, and air-conditioning. According to records on file, this F40 was retained by Mr. Sherrill until August 2013, when it was acquired by Michael Grondahl of Rye, New Hampshire, with 3,631 miles showing on its odometer.

    Mr. Grondahl would subsequently commission an authorized dealer to thoroughly service his new purchase including changing all fluids, replacing the timing belts and tensioners, refinishing the cam covers, and installing updated front and rear lower-suspension mounting forks. A Ferrari classiche inspection was also performed at that time.

    In March 2018, this F40 was sold into current collector ownership through Ferrari of Long Island, who performed another major service as part of the purchase agreement. In November 2018, Ron Tonkin Gran Turismo in Wilsonville, Oregon, replaced both catalytic converter ECU units.

    Presenting in excellent, original condition throughout, this F40 had covered only 3,779 miles at the time of cataloguing, and is offered with its books, tools, covers, window sticker, documentation, and Ferrari Classiche Red Book.

    one might think some are trying to hedge their bets about the stack getting flattened........ we shall see what 1800 miles are actually worth then..... :)
     

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