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Maranellos are disappearing

Discussion in '456/550/575' started by intrepidcva11, Mar 30, 2015.

  1. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
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    Alan
    #2126 21ATS, Jun 6, 2021
    Last edited: Jun 6, 2021
    You're assuming the £78K is trade/auction price. In which case I'd agree. The thing is, if it was trade/auction, why wasn't it bought by a trader?

    The problem is for the good ones they're asking £115k - £125+ Which goes back to my previous post about them being able to ask whatever they want if it doesn't matter if it sells or not.

    https://www.autotrader.co.uk/car-details/202101268368032?include-delivery-option=on&make=FERRARI&model=550&radius=1501&onesearchad=New&onesearchad=Nearly New&onesearchad=Used&postcode=tn86qj&advertising-location=at_cars&sort=relevance&page=1

    https://www.autotrader.co.uk/car-details/202105263113198?include-delivery-option=on&make=FERRARI&model=550&radius=1501&onesearchad=New&onesearchad=Nearly New&onesearchad=Used&postcode=tn86qj&advertising-location=at_cars&sort=relevance&page=1

    https://www.pistonheads.com/buy/listing/11548128
     
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  3. Themaven

    Themaven F1 Rookie
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    That hadn’t crossed my mind tbh. A private purchaser buying at auction knows they are taking a risk, no test drive, no comeback, no warranty, no 3 month statutory rights in the UK, no free coffee. All of that typically adds up to around a 15%-20% discount for auction vs the same car retail, which is where I got my number from.

    Dealer asking prices may be some way above that, but anyhow that’s what a purchaser should be paying at a dealer. Especially if the coffee is good.
     
  4. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
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    Alan
    In normal circumstances I'd agree with you, but how many cars have we seen run across the block that have sold for retail or above retail? (If they are in fact real sales).

    We're in a bizarre market situation where people seem to be more comfortable buying sat at home on a computer than from a real world dealer.

    There is also another angle, many of these dealers are not actually dealers. They are "brokers" simply aranging a sale between two private buyers, no comeback, no warranty, no statutory rights etc etc.

    What's a brokers margin worth? 15%-20%?
     
  5. Vilhuer

    Vilhuer Rookie

    Aug 3, 2008
    48
    Helsinki, Finland
    https://collectingcars.com/for-sale/1997-ferrari-550-maranello-3

    Did anyone see how high it went in the end? About hour before it was still 53.5K. So basically as high as I expected it would go when sites premium is counted in. Not sure how much seller wants but I think it is unrealistic considering based on pictures what car is.
     
  6. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
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    Alan
    Unsold - Reserve not met.
     
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  8. Roger_N

    Roger_N Rookie

    Mar 9, 2021
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    Roger Nelson
  9. docapl

    docapl Formula Junior
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    I looks like the high bid was $130K, but the auction reserve was not met.
     
  10. Roger_N

    Roger_N Rookie

    Mar 9, 2021
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    Roger Nelson
    Ah, I see that now.
    Sounds like the seller had quite a reserve on it. Would have thought $130k was about market for that at auction.
     
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  11. Vilhuer

    Vilhuer Rookie

    Aug 3, 2008
    48
    Helsinki, Finland
    I know but how high it got at the end? It was 53.5k one hour before end.
     
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  13. mchas

    mchas F1 Veteran
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    Did you click on the link? It clearly says what the final bid was. And several posts above also said what the final bid was. $130k.
     
  14. Vilhuer

    Vilhuer Rookie

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  15. mchas

    mchas F1 Veteran
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