Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550?

Another beautiful investment grade 575 on Bring a Trailer today. We have seen driver mile 575’s in a somewhat tight range and the investment grade options are well above and who knows where when the right bidders are “in the room” (which is what happened today WOW).

It continues to surprise me when people are buying on BaT vs other private cars. On another thread Taz mentioned the ?”Ultimate”? optioned 575 at Merlin, I’d call that a really nice car……. I’d personally buy the 12k mi Merlin Argento at $126 (which still seems super high) over this BaT Rosso…..these last 2 bidders on the car must have really wanted a Rosso Corsa?

https://www.*******************/2004-ferrari-575m-maranello-f1-c-331.htm

Rosso Corso over "beige" SOLD $140,000 on 2/11/21
+) 575 F1 Ser no. 132561
+) 2003 MY with 6,811 miles
+) Factory fitted 19” modulars, carbon fiber racing seats, shields, leather shelf,
+) all three fobs & leather holder, HiFi Stereo, complete tools
+) Other than no FHP little to nit pick for what looked like an amazing garage queen
+) Naperville, IL
+) https://bringatrailer.com/listing/2005-ferrari-575m-maranello-3/

+) I didn’t see any threads on the car here on the forum

NOTE -- this buyer was another guy that is building an AMAZING collection during COVID.

 

BANANAS that buyer posted after the auction that he also has a Superamerica 6MT HGTC......this guys collection is fierce.

Oh and if it weren't exciting enough he also notes he has a TDF 2005 575 6MT w. HGTC.

If this buyer isn't on the forum we need him to be so we can all go tour his collection

 

I really hope some of these immensely wealthy people that are building or adding to big collections at some point open museums rather than sell and spread to the wind. I worked in Boulder CO for awhile and there is a guy at the time that allowed private entrance to his 300 some diverse collection (kinda like Leno) and it was really amazing. Hopefully that guy (and others like him) will ultimately open these monster warehouse collections to the public.

Its funny how so many single guys have better collections than the museum in Reno (as just one example).

 

The deep diving I've done here on the forum and then on the net in general and then having Nathan's book and registry......my wife might book me into a "help-group".

The fact this guy also at one point owned one of the other three....the R/C SA 6MT with HGTC is just amazing.

 

Some interesting bidding and some trolling today over on BaT.

It's unfortunate because the car being sold looked lovely and was in a rare shade of "out of range" red.

The short version is there were "normal bids" up to $91,500 with the car obviously still poised to run up and through the BaT average and then someone new to that platform monkeyed with the process and threw out a bid of $127,427 which just smells weird. Then that one ghost ran up the guy that won the car....just the ghost and one other guy all the way from $131k to $155k. Our fellow friend @Maranello993 placed a strong bid. This result seemed quite robust.....

This auction was an example for buyers of why BaT really is not awesome since there are some guys where $155k is peanuts. If you are a seller with a clean, no questions car then this is an example why BaT is absolutely amazing.

Its almost shocking to me that Brian's EZ2SPD's R/Corsa with luggage ended somewhat close to this car.

Rosso Monza over "cream/red" SOLD $155,000 on 2/12/21
+) 5550 Ser no. 122178
+) 2000 MY with 23,827 miles
+) Shields, Daytonas, red leather dash and steering wheel, quilted leather shelf, had all fobs (red)
+) looked like lots of good documentation, shrinking leather issues around the airbag
+) had a dedication plate that just said "550"...I'd seen dedication plates but not like that which was neat.
+) some paint work and lower black area work, but appeared nice
+) Murietta, CA on a Montana plate
+) https://bringatrailer.com/listing/2000-ferrari-550-maranello-17/

+) I didn’t see any threads on the car here on the forum

Overall a nice car, would have been interesting to see how it evolved without the one weird guy getting involved at an unusual jump.

 

This one is up again and now NO RESERVE.
https://www.ebay.com/itm/2002-Ferrari-575-Carbon-Fiber/233891576687?pageci=941f7b7a-dab7-4ed1-af66-a3da11043882

https://www.ferrarichat.com/forum/threads/no-reserve-2002-ferrari-575-maranello.636846/#post-147737010


2002 575M
+) Nero over Nero;
+) race seats
+) carbon trim package
+) leather parcel area
+) paint work recently done NOTE TITLE
+) ONLY 2 FOBS
+) partial deferred maintenance

 

It’s cute how BaT and eBay are sometimes for no-questions-garage queens or these other cars with deferred maintenance, branded titles and situations where a PPI should be mandatory but there isn’t the time or the sellers simply don’t want PPI’s done.

PPI money spent is the best money spent

 

I get it that the car you shared is a fully serviced '04....but its amazing to me how values are all over the place for 575's.

This 2002 10k mile car we discussed recently that sold on BaT wasn't a basketcase by any definition and hammered at $81k. https://bringatrailer.com/listing/2002-ferrari-575m-maranello-17/

That $140 car with 7k miles was a mindblower. It continues to be clear that very wealthy guys that are building collections are voting with their wallets in a big way on "investment grade" Maranello's

 

Agreed. Heck maybe $200k isn't expensive if its rare and low miles and in perfect shape.

The ultra wealthy decide what the right price is on the investment grade cars.....for many of these buyers these prices are not "material" amounts of money. I'm comfortable knowing I'm never going to be that kind of buyer.

 

This 550 with salvage due to alleged electrical ended this morning on the "Garage Dream Auctions" website.
Car was listed as a classified on Ebay at $105k.
Photos at least looked great (I personally really like this color combo).
Car alleged to run very well and video was provided.

RESERVE NOT MET at $86,000 on ZFFZS49A4Y0119574

2000 550 (salvage title due to electrical allegedly) 119574
+) 14,041 miles located in SoCal (Torrance)
+) Azzuro over crema;
+) Daytona, shields, quilted roof but no leather on shelf; 3 fobs
+) Collector owned no records for maintenance
+) https://www.garagedreamauctions.com/auctions/2000-ferrari-550-maranello/#comment-3147
+) didn't see a thread on the car here on the forum
+) https://www.ebay.com/itm/2000-Ferrari-550/402677654946?hash=item5dc17565a2:g:bukAAOSwEcNgHHjh&LH_ItemCondition=3000|1000|2500&confirmvalue=1&EmbeddedLeadForm=confirm

 

Not being a wisenheimer....maybe someone can explain why this sold for $85,900 after being available for MONTHS (many months) at $82k?

The market and auction market specifically is bizarre to me.

2002 575M zffbv55a220129726
+) 46k miles no belt service since 2014....
+) Nero over Nero;
+) race seats
+) carbon trim package
+) leather parcel area
+) paint work recently done NOTE TITLE
+) ONLY 2 FOBS
+) 129726