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is the bubble due to burst?

Discussion in 'Vintage Ferrari Market' started by PFSEX, Jan 18, 2013.

  1. amenasce

    amenasce Two Time F1 World Champ
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    Oct 17, 2001
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    Andrew Menasce

    How much are 550m in Europe now? I feel the 599 is still bottoming whereas the 550M bottomed out then went up and now has stabilized but higher than its bottom. The 550M at least has the gated gb and V12 to save it from crashing down.
     
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  2. MN550

    MN550 Rookie

    Jan 27, 2016
    8
    Southern Germany
    That is a good question. You could of course average the asking prices - this will probably yield a 90-100k Euros figure. However, the reality is that there are very, very few buyers out there. The same cars are on sale since a very long time. With patience and good negotiation skills, I would argue that you could get a well-maintained F550 for less than 70k Euros.

    The market is much worse for Porsche. Sellers won't discount their cars and there are no buyers at the asking prices. The market is like shock-frozen.
     
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  3. MN550

    MN550 Rookie

    Jan 27, 2016
    8
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    Btw, F550 are fantastic. It's high on my list for the day I launch back into a car project.
     
  4. PieterK

    PieterK Rookie
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    May 7, 2018
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    Pieter Knelissen
    Fortunately I am a driver not an investor. I would care less if my F360 drops to zero value, only if it drops dead ;-)
     
  5. Bradwilliams

    Bradwilliams F1 Rookie
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    #3480 Bradwilliams, Mar 26, 2020
    Last edited: Mar 26, 2020
    Likely story but my money is on 15-20 years, perhaps more. This is the biggest classic car bubble the world has ever seen. Mal-investment at its finest. If the 89 bubble was a one night high school beer bash (where everybody is drinking smirnoff ices), this one was a collegiate month long bender (fully equipped with grain alcohol and semi trucks loaded with brew). The hangover will keep the general public away from the market for a long long time, just like the 89 one did. Then after over a decade or so people will finally forget and the music will slowly start up again.
     
  6. john a barnes

    john a barnes Karting

    Dec 19, 2018
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    muskego wi
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    John a Barnes
    I am in the same mindset as Roadking. I don't even own any Gold. I lived thru 81-83,87, 97, 99, 2001, 2008 and now a 2020 virus. But now gas is cheap and I love to drive my 348. Screw everybody! Mn550 Europe has been on a shameless downslide to socialism for years. The E.U. is absolute proof. No Rednecks in Europe please. No crazy fun, loud noises or thinking outside of the fence line. The wall came down in '89 and they then listened to college professors instead of taking Reagan's bait. The whole thing has led to steady decline over there. Ferrari stock( race) was OK. It fell but seems to mirror S&P. Have to watch orders and sales.
     
  7. 19633500GT

    19633500GT F1 Veteran
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    remember too by that time (15-20 years out) regulations for gas powered cars may affect a lot of things as well (I hope not, but...can't say what I want without sending this to P&R LOL)

    I agree with you though on that timeline. Being 34 now, I would like a nice 2-3 year window at the present to suck up a few nice deals of my own.

    Will it be a $60K DB5 project like 2012 brought me? Nah, but get me close!!!!
     
  8. tim bowles

    tim bowles Rookie

    Mar 6, 2020
    11
    gallatin tn
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    M Tim Bowles
    Sadly, the market will never drop enough for my favorite road ferrari, the 275 GB long nose. ..
     
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  9. Bradwilliams

    Bradwilliams F1 Rookie
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    Man those are stunning. That's my favorite vintage model. 250gto would be number 2.
     
  10. 375+

    375+ F1 Veteran
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    Time to hit the Ignore button folks.
     
  11. ttforcefed

    ttforcefed F1 World Champ
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    Shark01, paulchua and JAM1 like this.
  12. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
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    After 5 years ownership of 550/599 you only 'lost' Euro 15K...that is a result in my book.Considering what enjoyment you must have had driving those beauties.
     
  13. turbo-joe

    turbo-joe F1 Veteran

    Apr 6, 2008
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    romano schwabel
    you also count with this 15K € the yearly fixcosts ( insurance, maintenance ) and using costs ( fuel ) ?
     
  14. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
    5,912
    No.You get those on top,with any cars.
     
  15. turbo-joe

    turbo-joe F1 Veteran

    Apr 6, 2008
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    romano schwabel
    considering the enjoyment you also may count then the fix costs without them you not enjoy. the using costs then are for the fun ;)
     
  16. Bradwilliams

    Bradwilliams F1 Rookie
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    https://bringatrailer.com/listing/2006-bmw-m3-convertible-28/

    Check out the comments on this. This guy allegedy paid 32 grand for this car at barret jackson a few years ago.

    "Someone is going to miss out on the chance to own this amazing car. Haggerty rated it a Top 10 collector car. You won’t have a chance to buy such a low miles, near perfect condition car. It is an absolute pleasure to drive. I took it out earlier today, given the warm weather we are having here in NJ and dropped the top."

    More wonderful crooked financial advice from hagerty.
     
  17. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Hard to see how someone is going to get ripped off at $19k for an M3.


    Sent from my iPhone using FerrariChat
     
  18. Bradwilliams

    Bradwilliams F1 Rookie
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    It didnt sell. And while I agree 19 may be a fair price today, it wont be in a about 2-3 months. Thats about to be 12-13 grand car here shortly. 32 was a fantasy, brought to you by hagerty and BJ.
     
  19. ttforcefed

    ttforcefed F1 World Champ
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    Oh god does anyone care anymore. 8 yrs later seriously
     
    paulchua, 375+, readplays and 2 others like this.
  20. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Anyone buying a 20+ year old sports car with the idea of making money is a fool. It’s a hobby. It’s something to do for fun. Do you like to have fun?


    Sent from my iPhone using FerrariChat
     
  21. ttforcefed

    ttforcefed F1 World Champ
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    Cars are like stocks. Some go up and some go down
     
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  22. Bradwilliams

    Bradwilliams F1 Rookie
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    #3498 Bradwilliams, Apr 4, 2020
    Last edited: Apr 4, 2020
    I do! Ive bought a few and will buy a few more here in the coming years post crash! :)

    Havent even considered buying one in the past 4 years. The last car I bought was in 2016 and it was a cheap but fun car, I instead saved my cash, invested, and was not taken advantage of by any of the clowns mentioned above (barret jackson, hagerty, etc.)
     
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  23. intrepidcva11

    intrepidcva11 F1 Rookie
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    Very perceptive, Hagen, and accurate. It is exactly why extremely high net worth people have been been pouring hundreds of millions of dollars/euros/sterling/yen into serious fine art, truly rare gems and multi-million dollar collectible cars since world governments turned on the printing presses some years ago.
     
  24. Bradwilliams

    Bradwilliams F1 Rookie
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    #3500 Bradwilliams, Apr 4, 2020
    Last edited: Apr 4, 2020

    The same "high net worth" people lost their asses doing this in 1989, 2008, and today will be no different. Not sure about the gems though. That's beyond my knowledge.
     

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