GTO values | Page 3 | FerrariChat

GTO values

Discussion in '612/599' started by 15hn, Mar 8, 2011.

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  1. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,213
    Mount Isa, Australia
    Full Name:
    Pap
    Exactly what I was thinking too. ;);)
     
  2. werewolf

    werewolf F1 World Champ
    Rossa Subscribed

    Dec 29, 2007
    11,022
    Full Name:
    goodbye
    dude i really like the way you're thinking ...

    the GTO "stimulus plan" is thriving !!
     
  3. mashoutposse

    mashoutposse Formula Junior

    Apr 1, 2005
    276
    Not many.

    The change in demand will come first and then the movement in values will follow. The only predictable event in the near future that can significantly shift the demand curve is the unveiling of the next generation 599. Current GTO owners/seekers will react to that event, which will cause the depreciation (or appreciation) that will rapidly occur.

    Is it a stretch to expect that launch buyers of newly-released half-million dollar Ferraris like to have the latest and greatest? The appearance of a completely new body style will do something to GTO values, positive or negative.
     
  4. nads

    nads Formula Junior

    Jun 4, 2008
    878
    London, UK
    Unless Ferrari start playing 'fast and loose' with the GTO moniker ie use it for every model they release.....those 3 letters will always mean something special and time will reflect that. Whether that ends up meaning a much flatter depreciation curve (compared to other cars in this category) or an appreciation curve, frankly I don't care. Cars will always get 'better looking', faster and more effecient but thats not the point and definitely not the way to judge value, if it was the 250, 288, Enzo etc etc should be worth a fraction of what they are....but they are not. Bottom line as a current GTO owner and having owned and driven multiple Ferrari's (and other cars) I understand and appreciate why the moniker was used.....whether or not some people disagree with it's usage is irrelevant to me and I suspect to most if not all GTO owners. I'm sure the 599 replacement will be spectacular and I may want to buy one....but that doesn't mean that I must sell my GTO to do so.
     
  5. werewolf

    werewolf F1 World Champ
    Rossa Subscribed

    Dec 29, 2007
    11,022
    Full Name:
    goodbye
    +1, +3, -2, +7 :)

    My take on the GTO moniker fwiw : Ferrari was already a little "loose" with the beloved moniker in the 288 generation. YES, the 288 was built for Group B racing, which disappeared ... but as far as i know, no sanctioning body ever homologated (i.e., "approved") the car for racing ... and in any case, the "O" was put there by Ferrari as the car was conceived, well before it was approved (i.e., homologated) by any sanctioning body. In the original (250 GTO) sense, the factory provided the "GT" and the sanctioning body provided the "O". That was NOT the case in the 288 GTO generation (no disrespect, i love that damn vehicle more than life itself).

    So ... does the 599 GTO "deserve" the classic, beloved & respected moniker? Of course it does. It's the fastest road car ever built by Ferrari, to date, and Ferrari decided to call it a GTO.

    Finally ... i happen to have it on pretty good authority that Ferrari won't be pulling the GTO moniker out of the closet again any time soon ;) :)
     
  6. TrojanHorse

    TrojanHorse Formula Junior

    Mar 1, 2005
    973
    South Texas
    Full Name:
    Paul
    Heck, this is going to be great fun!

    Save the value of our beloved car and have fun, too--we can buy em up, trick up one for the track, make one a "low rider" for special car events, donate one to "napolis" and see what he/pinnifarina can come up with...any other ideas cause it seems we're gonna have a lot of them coming our way :)
     
  7. 06Spider

    06Spider Formula Junior

    Mar 29, 2010
    347
    Red Sox Nation
    I'm well past thinking about any car's depreciation or investment value. Even investment quality classic cars are subject to market fluctuation. Cars are even worse than the stock market because they contain a huge emotional component.

    I think almost, and I stress "almost" all modern cars will depreciate, a rare few will bounce back as a collectible and an even rarer few will not depreciate all all. Trying to predict what those rare few will be is an exercise in futility. Buy it, drive it, enjoy the hell out of it. When you're done, sell it for market price and move on. Just my own view and experience.
     
  8. Tenney

    Tenney F1 Rookie
    Consultant

    Feb 21, 2001
    4,275
    Could be Testa Rossa's turn - only used twice, thus far!
     
  9. Ed_htc

    Ed_htc Karting
    Rossa Subscribed

    Feb 16, 2008
    197
    I'm concerned
     
  10. jhietter

    jhietter Formula Junior

    Feb 6, 2009
    418
    California
    Full Name:
    John
    Exactly.
     
  11. jamie140

    jamie140 F1 Rookie
    Rossa Subscribed

    Oct 17, 2004
    3,253
    GTA/Marco Island, fl
    Full Name:
    Jamie
    Every single one?
     

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