You would think someone might have grasped the reality of what the market is prepared to pay for that car by now.
Yep! Following with keen interest. With all respect, it doesn't seem to have been a quick and easy process so far... However I guess the first time is always the hardest.
You would wouldn't you. That's the 4th auction in three years and the results vary from £59k to £63K - it's pretty clear that's where it is as far as potential buyers go. The thing is that's actually a great car as it's such a late AN has had a fairly recent new clutch and pretty good history. It will have pretty much all the updated ECU's that it needs that removes the need for the FHP entirely. I have a feeling if it had modular wheels it would have sold and achieved a higher bid.
Do converted 575s sell for more than F1s? It would be interesting to see evidence of any sales. There have been a couple of converted F1 430 sales spoken about in the 430 board.
Robin @brogenville is your man in the UK. He's converted his 612 to manual (documented on here in the relevant section) which is more complex than a 575. We've discussed doing a 575 for a sensible number, I've just not found the right car or found a seller willing to part with a car at what I'm prepared to pay. For a conversion I'm not looking for a perfect garage queen. Something with a bit of story makes more sense as it won't be original. The trouble is the sellers with "storied" cars aren't accepting anything less than garage queen money. So the hunt goes on.
It looks like a great car. Great colours, great history (until recently). What's not to like? Kind of gives a good indication of market price for 575s in the UK currently.
The reality is there's not enough data. I know a couple have sold in America but it's an entirely different market. The only real data point we have for this sort of thing is the early Vanquish which Aston Works converts for £30K (I think). They are then generally worth a Vanquish F1 + £30K. I think it would be logical to assume similar for a 575 except you have the curveball that it's not going to be a factory conversion like the AM. The factory manuals like yours are always going to retain a premium for the collector that must have a factory manual. I would pay 575 F1 market value +£20k for a converted manual. The big question is what the current value of a 575 F1? The market is a little ambiguous at present. 550's are clearly more in demand. It's making 575's look more appealing by the month.
Yep- definitely interesting! But it also sounded like a bit of a process... Manufacturing one off parts, etc. Not the kind of thing that is ever going to be done by enough people to close the 575/550 gap.
I'm surprised Ferrari haven't embraced the idea of retrofits, particularly now they are a listed company.
I drove it in late 2018 when it was for sale at Meridien. It drove beatifully. It was for sale at £99,950 at the time. I offered £90K expecting a bit of bartering, but it was made clear I needed to pay asking price or stop wasting their time. It then went to Joe Macari where it spent a long time on sale at £79,990 and didn't move. Little did we know what was about to happen to the planet.
No one-off parts needed for the 575 conversion. All the key parts can be taken from a 550. Original parts are getting more scarce all the time though. Still have all the bits right now though to make a complete OEM kit for a RHD car.
Ah! My apologies- I must have misremembered! That does make it a bit easier. I will go back and re-read the thread
Listed my 575. Not a bargain by any means, but a well sorted driver. https://www.ferrarichat.com/forum/threads/2002-575m-first-us-car.646831/
Well, I pulled the trigger today. I'm really looking forward to this car. Same relentless V12 pull as the 456 with ~15% more. And a bit less formal, a bit more aggressive. I'll need to learn how to get the best out of this generation of F1 gearbox. I gather just a faint roll out from the accel pedal on upshifting helps eliminate some of the abruptness but please folks, advise away on best technique. The car is pretty well appointed but now I can start lusting after 6:1 headers and such. Guess I'll need to figure out whether some early ECU upgrades that covered this VIN were ever executed. Also, I've found a set of the Exoticar modulars with new PS4s on them at a reasonable ticket and that becomes highly likely. Terry, looking forward to cold NH nights pouring through your past posts to learn as much as I can. E
Eric- Glad to help any way I can. Chris' modulars are indistinguishable externally from the OEM ones, but are constructed like the 550/Barchetta wheels. Only the lunatic fringe will ever know. Wear out the Pirellis quickly and get a set of Michelin MPS4S tires. I would have a four wheel alignment done if she has been shipped. Easy to do since the 575Ms have eccentrics, just like the 456s. All the early 575Ms should have had the new Motronic ECUs. 128894 is on the list for that update, which includes post AN 52556 Motronic ECUs. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
MPS4SS are not available in the UK for 18 inch 575 wheel size still. Owners of 19s are lucky in more ways than one. Does Michelin make the MPS4SS in 575 size 18 for any market? MP Super Sports are a very good second choice, much better than the Pirellis, but the 4Ss are another level.
Yes they are available in some European markets at 18" just not the UK. Also the PS4S is only available in limited rear widths I tried to buy some for my SL after I had it remapped (at 19") and could get the fronts but not the rears so ended up going with MP Super Sports (which transformed the car). The guy that does my tyres is an old school friend. He'd said the nice man from Michelin has explained the MPSS was actually a bit more sticky than the PS4S, but the PS4S is a better all rounder and a bit more compliant. The reality is unless you're running them on track you're not short changing yourself by going with Super Sports. They are simply a different league to the P Zero's it was originally running. So much more grip and confidence and just not tail happy out of junctions.
Another 575 on Collecting Cars. https://collectingcars.com/for-sale/2004-ferrari-575m-maranello-2 RHD and KM and a funky number plate. So I'm thinking Hong Kong or similar? Loving the dashboard airbag repair - seamless.
It was supplied new to Malaysia. But I have it for sale in Australia in 2017 (with 31000 kms) and then for sale in Malaysia in 2019 (with 32425 kms). So it would seem to have travelled around quite a lot in the last few years, just not under its own steam!
Well, it has generated a few interesting comments. Some more documents have now been uploaded as a result but they don't look to me to do the car any favours: A note from a non-specialist saying they've done some stuff over the last 10 years but no individual invoices or dates; Some invoices for some parts with no indication of the car they were ordered for. Surprisingly, the bidding has only reached £50k so far. Based on past listings, I would have thought that would be enough to send it soaring past £90k...
I did note there were a lot of front end components on the "invoices" considering it was a rear end accident. I'm astonished it's got to £50K there's clearly so much about it that just doesn't add up.
Here she is advertised in KL right now ... https://www.carlist.my/used-cars/ferrari-575-maranello-f1-2004-imported-new/8066019
