Ferrari F40 market analysis

not following, Friday night is prime, no? what did he pay for it 2022?

 

Anyone who’s actively in the market to purchase a significant car doesn’t have to be in the room to be pursuing the car. They send representatives, phone bid, or internet bid… particularly when it’s on a “work day”. Funny thing these value threads though as there’s always an explanation as to why cars fail to sell or bring all of the money.

 

There was no champagne served that was the real reason.

 

Anyone know how the 2 DK f40s did recently?

 

I'm not commenting on the values either way; only on the supposed irony that a buyer one year that realizes an opportunity due to the quiet room to make a purchase, fails to recognize the same situation would be at play when selling a year later.

 

I dont see this car at gooding last year, not in hammer price- can you post the sale ur referring to?

 

Here

 

Different vin than todays car no? Also not a bad number for when it sold. What am I missing?

 

I never said it was the same car.

The same guy (dealer) bought last year and sold this year. He felt he got a good buy last year, because the sale was dead... I think it's strange that he thought it was a good idea to try and sell under the same circumstance (early sale, before everyone was there).

 

I think they said 3

 

Exactly, there's always an excuse when the number is not what some want to see, but the market is as always, the market.

I just sold one of them to a USA sports star.

When you consign a car at auction, sometimes you can't select the day or time it crosses the block even if you have an F40 to sell, so if you happen to be given a time slot you don't like, do you get to withdraw the car? Honestly I don't think it really matters, people seriously in the market for a car will find it.

 

The Bonhams car sold post auction.

 

Both cars brought strong results in line with the market, as to be expected from DK.

 

The two higher mileage cars?

 

I spoke to the consignor this morning, and as of the time of our brief conversation, he said 92396 has not sold.

https://www.bonhams.com/auction/28010/lot/162/1992-ferrari-f40-vin-zffmn34a3n0092396-engine-no-f120d-040-29815/

It can fairly be pointed out that a USA F40 with more miles brought @ $1m more over Pebble Beach weekend than the high bid this car achieved at Amelia Island, underscoring yet again that last August was the current peak.

92396 is one of my favorite F40s, has anyone posting here actually seen it? This is a no-excuses F40, as the 184th USA F40 built it is a 1992 year model example, it has an amazing maintenance history, and it is in utterly concours condition. I know all this because we inspected & purchased it from the longterm Texas owner for supply to our serial Ferrari Supercar collector, who is only selling now because we procured for him an even lower-miles USA F40.

It has a Platinum and a Special Award for Best Super Car at Cavallino in January 2021, an invitation from Ferrari North America to be displayed at Casa Ferrari at the Pebble Beach Concours d'Elegance in August of 2021, a Special F40 Invite to Cavallino in January of 2022, and another Platino Award at the Chattanooga Motoring Festival in October of last year. It was also a class winner at the Manhattan Concours according to my notes which the auction writeup missed.

Someone should do themselves a favor and purchase this amazing F40 from my colleague who still has it available.

We scrutinized both the 43k miles and the 14k miles cars, in the end we passed on the higher-miles car and purchased the 14k miles car, I can say having done the deal with James myself that the result could indeed be described as strong which IMO describes any F40 result in modern times, but we got a nice break on the ask and the number was a bit less than we would have paid late last year.

Anyone here going on the upcoming F40 tour?

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92396 in US dollars, a previous poster had it in Euros.

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86620's result was $3,085,000, my colleague who's there said it hammered at $2.8m, I still can't believe the spread between what the Buyer has to pay and what the Seller actually gets at these auctions, but it is what it is.

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My mistake, I misunderstood a post I saw on it.

 

I wish. Perhaps a US based tour?

 

You know as well as anyone that what the buyer receives is highly variable and will be negotiated on the fly during the sale. It's a pretty safe assumption that the consignor of 86620 did not pay a full 10% on that sale.

No argument that another venue selling for some more modest spread, say around 5% would be better

That said, the traditional motorcar auction sales fees are very modest when compared to the same avenues for other assets, like art, wine, spirits, etc

 

This one is in France.

 

Right. Was thinking we need one here.

 

A very interesting point has been made in the last few replies.

What do you actually value an auction car at in these comparisons? The total cost of purchase or the net sum received by the seller?

It could be argued it should be the net amount, as that is what theoretically the new purchaser would also get if they simply resold the car for the same gross amount at the very next auction!

 

IMHO the price is the total price paid - many sales involve a third party, who gets whatever commission; the fact that some of the money escapes the actual seller should not impact the considered price.
It's the same in real estate transactions - typically the seller does not get the whole price, but this is still this whole price that is considered the (market) price.
And indeed, if the prices do not increase, the owners actually lose money when they sell back.

 

You can look at it however you want, but this is how I look at it:

Whats the old saying?

Something is worth what someone is willing to PAY


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