Ferrari as art- owners don't drive- CNBC segment on Wynn's LaFerrari flip | FerrariChat
Buy

Ferrari as art- owners don't drive- CNBC segment on Wynn's LaFerrari flip

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by andrew911, Apr 13, 2016.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. andrew911

    andrew911 F1 Rookie
    Silver Subscribed

    Sep 8, 2003
    2,894
    Northern NJ
    #1 andrew911, Apr 13, 2016
    Just grabbing some water in the office pantry, and CNBC just had a quick segment on the flip of Steve Winn's LaFerrari- reported sale of over $3MM, but with broker fees the commentators think may have been closer to $5MM. I couldn't hear the whole segment, but they showed a picture of a car with a Naples Motorsport license (maybe they brokered the deal?) I couldn't hear the TV at that point...

    The segment went on to say that the people that buy these cars (the LaFerrari) often only purchase them as art or an investment... these cars should be driven! I will never forget the 2 times I had the opportunity to drive an Enzo- (including a full throttle blast through 2 gears (3rd and 4th- you can do the math on the speeds) on the highway at the owner's suggestion before I backed off). It was such an event to experience that car- I can't imagine owning one of the Ferrari "halo" cars and not experiencing what these cars were meant to do. I know owners may want to keep the miles low, but what's the point of living if you don't enjoy things vs. what becomes numbers in your asset/net worth column. I'm probably preaching to the choir- as the speculators or people purchasing only as art to sit in the garage may not be surfing around on ferrarichat :)
     
  2. andrew911

    andrew911 F1 Rookie
    Silver Subscribed

    Sep 8, 2003
    2,894
    Northern NJ
    #2 andrew911, Apr 13, 2016
    Oops- thread title should have read LaFerrari flip!
     
  3. Statler

    Statler F1 World Champ

    Jun 7, 2011
    17,389
    #3 Statler, Apr 14, 2016
    I don't feel bad for inanimate objects (the car) and can't compare the happiness someone might get from collecting to the happiness a different person gets from driving. You buy your stuff and do with it as you will.

    I personally fall into the camp of long roadtrip adventures, but what someone else does with their car isn't really worth spending much time worrying about.
     
  4. Statler

    Statler F1 World Champ

    Jun 7, 2011
    17,389
    #4 Statler, Apr 14, 2016
    It is very nice to see the super cars out in the street and I am thankful to the owners who share them that way.
     
  5. Zaius

    Zaius Formula Junior

    May 8, 2014
    863
    #5 Zaius, Apr 23, 2016
    Usury economy, everything is a financial asset and therefore perverted from it's intended use.
     
  6. Gmaccormack

    Gmaccormack Formula Junior

    Nov 30, 2010
    763
    #6 Gmaccormack, Apr 23, 2016
    He has vision problems iirc. Might explain why he didn't drive it.
     
  7. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,477
    Full Name:
    Joe Mansion
    #7 amenasce, Apr 24, 2016
    A combination of factors.

    Busy owners.
    Cars are too fast to be enjoyed on the road without risking jail time.
    And yes, some cars are very valuable so driving 1000 miles could cost 500k in depreciation.

    In the case.of Wynn it has been said he can't see too good so that would explain it. I'm sure he wouldn't care about losing 500k for his driving pleasure.
     
  8. nis1973

    nis1973 Formula Junior

    Jan 19, 2013
    493
    NYC/CT
    #8 nis1973, Apr 24, 2016
    That's stunning: 1000 miles = $500k!
     

Share This Page