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Discussion in 'Maserati' started by italiancars, Aug 15, 2019.
1971 Maserati Ghibli 4.9 SS
Chassis no. AM115492036
Sold for US$ 159,040 inc. premium
I use to own that car in 2004. Purchased it from its original owner with very low miles and excellent original interior. Do not know its current condition but this price seems quite low.
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Watching the auction it is indicative of the market, cars are struggling to even get to low estimate, those that reach it only seem to be doing it via buyers premium. A Ferrari 365 GTC4 sold at 196k including premium. The downward trend in the market appears to be accelerating.
Fears, stock market decline, margin calls...
Collectibles are hit also.
The stock market here hasn't really declined here in the US but it DOES see saw a bit quite often, a lot of volatility as they saw. Brokers must be making a fortune though up/down/up/down/up/down a percentage collected each time ...
They lesser cars have been on the descent for a while already. I thought that Bonams Bora sale was pretty good, for the seller.
Bonhams has a 12% buyers premium on the hammer price, then subtract the seller’s fees and the owner probably put less than 150k in his pocket after expenses.
That Bora did better than that Ghibli ... things they are a changin'
The one I’m waiting for is the 5000 GT Ghia body. It’s obviously going to need a very expensive restoration, RM is putting the estimate at 500-700k no reserve. The restoration will cost at least that. Last night at RM the Michelotti 5000GT Cunningham car was a no sale at 600k.
No matter how much our rose colored glasses are for Maseratis. The numbers simply don’t work especially in a dropping market
Maserati 5000 GT Ghia hammered/sold at $480,000 plus BP.
No way this car can be restored for half a $million, more like 3/4 or even a million+ at a minimum.
Basically, you have to build a brand new car from the ground up, using the vin # only as everything else is gone in reality.
Mark: Did you actually look at the car in person? I did extensively. It was just not that bad once you got past the horrible appearance.