Maranellos are disappearing

Idiotic

 

yea not like they made 3000 of the 300SL mercedes or anything........those aren't $1M+ now, this italiantrash guy really knows his stuff.

 

How many Jaguar E types did they make like 25,000 and those are all worth what? What about the Mercedes 300SL, they made 3000 of those........it would be nice if you knew the history of some of these cars before you posted nonsense....

3,258 coupes and 1,858 roadsters were built of the iconic 300sl mercedes, thats 5000 of them, try finding one under $1m thats in good shape......oddly enough 550 + 575 maranello production is give or take the same number. You've been on here forever posting all these imaginary cars you claim to find then whenever someone asks for a link you say you wont share, if you found a 550 maranello for $50k its either got 175,000 miles or it has no engine lol so until you post one of these cars nobody is going to believe you. The maranello is an iconic bodystyle, it was the 20+ year hiatus return of Ferrari to the front engine V12 GT car, history will remember it as such later on down the road.

 

I hope you are right because I really like the cars and plan on buying one myself. Aesthetically it isn't a gullwing Mercedes 300SL but it is a nice shape. There are classic 60s Ferraris (330 GTC) that are probably better investments right now than a 550. This car in question had 30k miles and an engine, but yea, keep thinking I'm a liar and I'll keep the deals to myself and the others in the know will too, we don't need to see a bunch more guys come in and push the prices up.

 

why would someone sell a clean 30k mile 550 with no wrecks for $43k when he could easily get $85k for it? I mean you can sell for whatever, Im sure if i post my 575 for $43k ill have a buyer in no time as well.

 

Dude you've been saying you keep the deals to yourself cause you'll buy one for quite sometime now. Maybe change up the broken record cause it's repeating too much. I'm gonna sound like a snob saying this, but if you can't afford to pay $43k on that supposedly clean 550 then you have no business buying one since maintenance won't be cheap.

 

it was at an auction, dealers don't care they just want to move the car along, he probably paid nothing for it too. You're right I'm not about to spend $10k servicing a 550. I'd do it myself before paying some overpriced mechanic.

 

Where the heck was this? I've not seen even a beat up 550 for under 100k recently. I do agree the 550 won't ever bee 300k car but 100-150 seems to be the range these days.

 

Manual 612's already have $299K asking prices. The 550 will get there, but it will be several years yet, I think. A 550 Barchetta is very close to $500K now.

 

"Overpriced" mechanics are just 1 part of the equation. Parts won't be cheap either but I'm sure you know that already.

 

In regards to the "high production" argument...you must also take into account the number of people that have become multi-millionaires since the last 550 was built.

There's 500 million people in China entering the middle class alone. There has been a ton of wealth created in the past two decades...3000 cars is minuscule IMO.

 

I've pointed this out countless times, but few seem to pick it up. The audience for Ferraris is way bigger now than it's ever been, and only growing. When some of the newly rich graduate from buying the latest model and turn into enthusiasts, there won't be nearly enough manual cars to go around, and the prices will go up. I think there's a technical term for that, supply and demand.

 

as I noted above, the 300SL, they made 5000 total coupe and roadster, those are all over $1m today with many over $2m. There are not that many maranellos, its just fact. We have something like 14M millionaires in the US, I think thats the number, we focus on HNWI at work, but I believe 14M is the number of millionaires. Anyways that number will grow over time as estates are inherited and more millionaires are created. You don't even have to be a millionaire to pay $125k for a car, but anyways there's at least 14M just right here in this country and 5000 maranellos total produced all over the world, a fraction of which are here, they will rise they're not even that old yet.

 

This is correct as well, as ferrari grows its user base every single day, many drive their first ferrari and want to immerse into the history of the brand, countries like india and china are pumping out so much new wealth on a daily basis and things like the first F1 system in a v12 road car like a 575 maranello will be a desirable trait down the line to those who value the heritage and evolution of the brand. Today many mock the early single disc clutch systems in the F1, but I really believe they will have their day much like air cooled porsche cars had their day.

 

Just for clarity there were 3,258 300SL's built. 1,400 coupe and 1,858 Roadsters. The last rolling off the production line in 1963. 55 years ago. Google tells you this in a less than 10 seconds.

In the 55 years since they did roll off the production line many were simply left to rot as there was a (quite long) period of time when they just weren't of any interest to anyone. So the pertinent number is how many remain today. Of those that remain today, how many are in a condition that would change hands for north of $1M. The value in this particular car is the relatively low number that not only remain, but remain in a certain condition.

In comparison there was a similar number of 550 Maranello's built - a little over 3000, the last one rolling off the production line in 2001. 17 years ago.

Being a Ferrari, most of these cars were cherished. Sure some will have had mishaps along the way and at a least a certain percentage would have been broken and dismantled when values hit a low some 5-8 years ago. But I imagine there are far more 550's in working order than 300SL's. Multiples in fact.

I do actually see the appeal of the 550/575. I want to buy one, but it still has some way to go before it's a blue chip investment. Lets not get carried away.

 

Lucky you to have access to these amazing deals - so put your money where your mouth is and buy one!

 

Agreed, I have to chuckle a little whenever someone says, "but they made x,000 of them!!" So what? If that were the only determining factor or simply one of real importance, air cooled 911s would just be nice, cheap used cars. In the grand scheme of things, a few thousand of a model worldwide is not many at all.

 

rare doesn't mean valuable....

575 have been dropping pretty nicely. couple on manheim under 100k last i looked

red car that was a RBN on BaT is no offered lower than highest bid 89kish

 

Here's a good insight from a little over 3 years ago on this thread. Putting aside spammers like Trash (now banned, thank you mods), back then good Maranellos sold for 80-90k euros. I think we are up on this by about 20% or more , but the problem is sellers want more than that.

I wonder what happened to Cambio Manuale? We lose good posters like him and get Trash instead, the world's going to the dogs.

 

that means absolutely nothing, 365 GTB were $125k cars 15 years ago, same with 246 GT, you're always a bear on everything in your posts but current market price has no bearing on long term value. Amazon was a $800 stock last year, its $1800 now. The fact 575 maranellos are cheap now means nothing in regards to where they will be priced in 10 or 20 or 30 years. When did air cooled porsche cars take off? Those too were once neglected cars nobody really cared about, countless other examples could be given. I have zero doubts long term, first of its kind F1 system V12 cars made in quantites as small at 1700 or so as the 575 F1 was made in will be collector cars. All cars go through cycles, not long ago you could have an F40 for for $400-500k, and we know where those are now, does that mean they were junk then? It doesn't. As I've said before I have multiple 2003/4 dupont registry with countless 365 daytonas asking $110-135k.

 

about number of 300SL built, 1400 coupes plus 1858 roadsters (=3158 total...)
Ray

 

You might want to check that Ray.

 

OK my mistake 3258 total...

 

you lost me when you compared compared a speculative asset to an investment.......

but your premise is buy any collector car and 30 yrs it will be worth more ?

i'm not a bear, i just scoff when people say they should buy any car as it WILL be worth more (outside of inflation) in the future

as a side note, i sold my 575 in 2012 for $95k - doubt that same car would pull much more given what i am seeing in the mkt