Ferrari F40 market analysis | Page 30 | FerrariChat

Ferrari F40 market analysis

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by dariedell, Feb 26, 2023.

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  1. tomgt

    tomgt F1 Veteran
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  2. ross

    ross Three Time F1 World Champ
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    tidy profit...
     
  3. joe sackey

    joe sackey Five Time F1 World Champ

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    FWIW the restoration cost $500,000 www.instagram.com
     
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  4. tomgt

    tomgt F1 Veteran
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  5. ross

    ross Three Time F1 World Champ
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    interesting info.
    still a tidy profit.
     
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  6. joe sackey

    joe sackey Five Time F1 World Champ

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    All - Having sold 80715, I'm looking for yet another European F40 in the USA for a client, all cars within the USA considered.
     
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  7. dariedell

    dariedell Formula Junior

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  8. joe sackey

    joe sackey Five Time F1 World Champ

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  9. joe sackey

    joe sackey Five Time F1 World Champ

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    The Lexan Sliding Windows ex-Nigel Mansell F40 nº 80022 we sold recently getting some TLC by our friends I Am Detail in Costa Mesa.

     
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  10. joe sackey

    joe sackey Five Time F1 World Champ

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    We just sold F40 nº 89121 with 46,000 kilometers as the 1st sale for 2025 for $2.4m
     
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  11. ross

    ross Three Time F1 World Champ
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    ok, can you tell us the price history of this car?
    maybe a description of its condition?
     
  12. ross

    ross Three Time F1 World Champ
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  13. JAM1

    JAM1 F1 Veteran
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    I’d like to hear too. It seems it was a #3 car last time it traded hands so was it improved since then to justify the increased price or did the market actually change/increase? Only JS and the owner(s) know I suppose…
     
  14. dariedell

    dariedell Formula Junior

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  15. ross

    ross Three Time F1 World Champ
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    can this car be considered to be the highest category of F40?
    usa spec so a limited number within the total run.
    low miles. good provenance, good records. good condition.

    if that is the case, then should this car auction result set the high water mark for this model?
     
  16. Caeruleus11

    Caeruleus11 F1 World Champ
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    I think there is a group of people who would argue, if all of the above are in fact true, there is another group where the mileage is below 1000 miles. I personally find this silly, but this is the usual discussion, typically backed up by the market.
     
  17. roma1280

    roma1280 F1 Rookie
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    Agree I would say the sub 1,000km paperweights that would need a complete rebuild to even run sadly would attract more.

    But no doubt this is a grade A car and will bring $3.5m if not a tad more if the booze is flowing in the room.
     
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  18. Prancing 12

    Prancing 12 F1 Rookie
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    The long way home
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  19. dariedell

    dariedell Formula Junior

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    Unsold at $2.5m high bid, which would have sold the car at $2.75m including premium - the same bid from 2022, but this time not meeting the current owner's reserve. This is a good example of why I include buyer's premium on unsold high bids. Standard practice in the industry shows this car selling at 2.75m in 2022 but failing to sell at 2.5m in 2025. Subsequently a lot of people read that and think the market went down on this car. But the reality is that the car was bid by the bidding pool to exactly the same price each time and the only thing that changed was the reserve.

    Of course inflation changes the analysis, but that's an entirely different discussion.

    Why do you see the market rising? Be careful of overanalyzing individual results.

    In a sense yes, but mileage can always be lower! And has been several times in recent years. I doubt this example will defeat Gooding Pebble 2022. $3,965,000 then, $4,225,000 in today's dollars.
     
  20. ross

    ross Three Time F1 World Champ
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    #745 ross, Jan 18, 2025
    Last edited: Jan 18, 2025
    i laid out the data for a car (89121) that sold at a price 18 months ago, and then a higher price currently..... nothing that we have been told has changed on the car.
    that is the definition of a rising market.

    for that not to be the case would require some change on the car, and the only possible change is some amelioration of present condition, but nobody came forth to give details on that.

    in the absence of information, all we have is two price data points over time...one lower and a later one higher....

    so pls tell me @dariedell how that is NOT a rising mkt
     
  21. Marcel Massini

    Marcel Massini Two Time F1 World Champ
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    Oftentimes there is simply no real bidder, but a chandelier and some dreamers only.
    At the end of the day it is all about finding the next victim. Not more than that. Very Las Vegas.

    Marcel Massini
     
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  22. roma1280

    roma1280 F1 Rookie
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    Exactly, the only reason it didn’t sell is because the $2.75m was bid by the chandelier.
     
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  23. roma1280

    roma1280 F1 Rookie
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    Meanwhile between January 2022 and now the S&P is up 29%, this opportunity loss plus the cost of service, insurance, storage is the real cost of owning these beautiful cars. In this case it’s close to $1m, it’s not chump change.
     
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  24. Caeruleus11

    Caeruleus11 F1 World Champ
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    So to our charting inclined friends, here is something that crossed my mind yesterday, I just haven’t bothered to look it up. From since Ferrari went public, it would be interesting to compare and analyze the increase in market cap of the enterprise vs the increase in the market cap of a particular Ferrari supercar, or even the combined “big 5”.. My guess is we will see the share price up greater than the rise in the cars. I would also be curious to see how each supercar’s market cap compares to the total market cap of Ferrari itself. Im not sure if this is a good analysis or just purely a curiosity, but if I am right, we will see these cars becoming less and less of a factor in the market cap of Ferrari.
     
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  25. dariedell

    dariedell Formula Junior

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    Because that's one car. #91097 fell 23% in market value from Aug 2022 to Mar 2024; meanwhile #92396 rose 21% in market value from Mar 2023 to Jan 2024. The F40 market cannot be rising and falling at the same time - individual results need to be looked at as pieces of the puzzle, not each one representative of the whole market.

    RACE has easily outpaced the flagship supercars since IPO in 2015; that being said, I wouldn't expect a correlation anyway.
     
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