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Mondials For Sale

Discussion in 'Mondial' started by 123howie, May 26, 2015.

  1. paulchua

    paulchua F1 Rookie
    Rossa Subscribed Owner

    Jul 1, 2013
    4,410
    Menlo Park, CA
    Full Name:
    Paul Chua
    I have an MSRP for 3.2 coupes as $73,200 (1987) I heard at the time the coupes were very slow selling as everybody wanted to get a convertible, perhaps that is what warranted the discount.

    For perspective here is those values in 2018 dollars
    $166,000 MSRP
    $156,000 selling price
     
  2. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,293
    Houston, TX
    Full Name:
    Michael Foertsch
    As you guys know, I was the high bidder on the 4200 mile 3.2 coupe on BaT.

    The seller's agent finally contacted me this morning and said the owner would contact me today. I hope to work out a deal. It's exactly what I've been looking for. I'll keep everyone posted.
     
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  3. Temple

    Temple Formula Junior

    Jun 13, 2015
    421
    Portland, OR
    Full Name:
    Temple
    Best of luck Michael. As a couple of us f-chatters have posted this would appear to be the exact car you’ve been looking for. If you can get it anywhere near your BaT bid, $46,000.00, you will have scored a fantastic deal imho. Keep us posted.

    Temple
     
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  4. Clnilsen

    Clnilsen Rookie
    Silver Subscribed

    Jan 14, 2012
    40
    Celebration, FL
    Full Name:
    Chuck Nilsen
    Good luck! Hope you land your grail!
     
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  5. Freerange72

    Freerange72 Rookie

    May 22, 2017
    49
    Cincinnati
    Full Name:
    Donnie
    I bought mine from BHCC. I do believe that they "flip cars" (sounds harsh), but they appear to be cars that the previous owner had a hard time selling or didn't want to deal with selling the vehicle themselves. My car had and still has some or all of the hallmarks of an aged Mondial, except the previous owner did do an engine out service. This is what sold me. They were very forthcoming with details once I showed serious interest. I also had a PPI completed. I still feel that I bought a pretty good car
     
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  6. paulchua

    paulchua F1 Rookie
    Rossa Subscribed Owner

    Jul 1, 2013
    4,410
    Menlo Park, CA
    Full Name:
    Paul Chua
    Yup nothing wrong with flipping cars. Your story is not the first positive one I've heard of BHCC. Glad to hear everything worked out for you !
     
  7. alexion

    alexion Formula Junior
    Silver Subscribed

    May 20, 2013
    539
    New York
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  8. paulchua

    paulchua F1 Rookie
    Rossa Subscribed Owner

    Jul 1, 2013
    4,410
    Menlo Park, CA
    Full Name:
    Paul Chua
    alexion likes this.
  9. 2cam

    2cam Formula Junior

    Aug 28, 2014
    298
    Austin, Texas
    ^Agreed! Good luck Alexion. IMO, BaT is definitely the best venue for your car. I can honestly say that your car is the NICEST Valeo t that's been on there! ;)

    The driving videos sound great.

    2cam
     
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  10. 2cam

    2cam Formula Junior

    Aug 28, 2014
    298
    Austin, Texas
    Wow! The sheer number of cars that have been listed on BaT this week is crazy. There were 35 cars listed after yours within 24 hours of your listing. Unfortunately, I do think that it negatively impacts the amount of attention that a car gets unless its just something crazy and/or out of the ordinary like a Toyota 2000GT, a Safari 911, or a $1M + exotic.

    It would be great to see your car get more attention.

    2cam
     
  11. alexion

    alexion Formula Junior
    Silver Subscribed

    May 20, 2013
    539
    New York
    I believe that's business as usual on the site. They usually run around 180-200 cars per week, though to your point, there are a few extraordinary examples currently listed that you don't see everyday.

    While some cars garner more attention than others, mine currently has 225 watchers, so hopefully some of them will converted to bidders. I don't expect many Valeo's to come to market while mine is listed, so maybe I fit in the "out of the ordinary" club. :cool:
     
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  12. 2cam

    2cam Formula Junior

    Aug 28, 2014
    298
    Austin, Texas
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  13. Sabin Choksi

    Sabin Choksi Rookie

    Oct 3, 2018
    1
    Full Name:
    Sabin Choksi
    Alexion, I would like to see the Mondial - how do I get in touch with you?
     
  14. alexion

    alexion Formula Junior
    Silver Subscribed

    May 20, 2013
    539
    New York
    Hi Sabin,

    I sent you a PM.
     
  15. Wade

    Wade Two Time F1 World Champ
    Rossa Subscribed Owner

    Mar 31, 2006
    21,511
    East Central, FL
    Full Name:
    Wade O.
  16. jjmalez

    jjmalez F1 Rookie
    Silver Subscribed

    Apr 8, 2005
    2,944
    Illinois
    Full Name:
    Joseph

    I never liked aftermarket wheels on any Ferrari, but this seems like a brilliant idea.

    "The car has aftermarket 7"x16" and 8"x16" wheels that look identical to the original OEM rims but without the issue of being stuck with the Michelin TRX metric tires".

    Why didn't anyone think of this before?
     
  17. Wade

    Wade Two Time F1 World Champ
    Rossa Subscribed Owner

    Mar 31, 2006
    21,511
    East Central, FL
    Full Name:
    Wade O.
    Most likely they're from Superformance, who's been offering these for a while. ;)

    http://www.superformance.co.uk/mondial/wheels.html
     
  18. stekkefun4

    stekkefun4 Formula 3
    Rossa Subscribed

    Nov 22, 2006
    1,914
    Belgium - Europe
    The MT Valeo on BaT did not get sold at 37K USD, but were you able to get in touch with a potential buyer afterwards? I assume the Valeo system and its rarity didn't help getting it sold.
     
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  19. alexion

    alexion Formula Junior
    Silver Subscribed

    May 20, 2013
    539
    New York
    After the no sale on BaT, I have 9 people contact me. Two admitted to not bidding because they didn’t want to drive up the price and pay a 5% buyers premium. The rest said things like “oh, I just missed it.” Since the car only reached $37k, I have been getting “generous offers” in the low $40’s.
    I’m not looking to hit a home run here. I’m not a car dealing looking to make my next windfall. I just want what I believe it fair market value for my car in its current condition and given its rarity. I know mine doesn’t have 500 miles so I didn’t expect $81k, but a high bid of $37k is absolutely ridiculous. I have more than that in maintenance over the last six years of ownership.
    If anyone is or knows anyone interested, I’ll work with them so long as it’s fair.


    Sent from my iPhone using Tapatalk
     
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  20. Laserguru

    Laserguru Formula Junior
    Silver Subscribed Owner

    Aug 7, 2016
    508
    New Hampshire
    Full Name:
    Eric
    Hang in there. Its the usual marginal offers after an auction. Bet a number of them are actually dealers looking for a good score. Let it age a touch if you can. A Valeo in that condition is definitely worth a good bit more than this range.
     
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  21. hypoluxa

    hypoluxa Karting
    Rossa Subscribed

    Jan 6, 2018
    78
    BaT results seem to vary wildly. Some days I think it's a great place to sell, other days it seems like there are bargains in plain sight.

    I also think we're in the middle of a dip in Mondial prices. A Valeo in great shape should have people knocking down your door.
     
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  22. Temple

    Temple Formula Junior

    Jun 13, 2015
    421
    Portland, OR
    Full Name:
    Temple
    I think the rarity of the Valeo itself, and consequently the general public’s lack of knowledge of the system, may have contributed to the no sale. As far as I know the Valeo system was only available for the Mondial and that in very, VERY limited numbers. And as we all know the Mondial is not the most loved Ferrari. Combining those two “issues” I think contributed to the reserve not being met. That’s my .02 anyways.

    Temple
     
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  23. Mark C Harvey

    Mark C Harvey Karting

    Jul 17, 2018
    55
    West Hartford, Connecticut
    Full Name:
    Mark C Harvey
    The Valeo is sort of a niche within a niche, so it may take longer than usual to find a buyer. That said, I would expect the right buyer to pay top dollar for this example.
     
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  24. alexion

    alexion Formula Junior
    Silver Subscribed

    May 20, 2013
    539
    New York
    I drove mine tonight after holding off for a couple weeks as to keep the stated mileage true to what was in the BaT listing (25,500). I added maybe 20 or so miles with a huge grin on my face, followed by a head shake to the skepticism and ignorance . I know it’s mine and I’m biased, but the freaking car is awesome. The shifts are so crisp and calculated that it’s almost unbelievable and the car is powered perfectly. Couple that with brisk fall air and you have a recipe for a fun drive.
    If it sells, someone will be very lucky to have this car. If it doesn’t, I’ll remain lucky to own and rack up the miles because there’s no point not to.
    The missing logic here is that there is no such thing as top dollar for these cars. They are undervalued by a ridiculous margin because of stupid articles that were written 35 years ago. What can you buy for $50k that compares to a clean, low mileage Mondial? End rant...it is what it is, but damn, these cars are so good looking and great fun and people are staying away because it’s not the winner of the popularity contest


    Sent from my iPhone using Tapatalk
     
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  25. 2cam

    2cam Formula Junior

    Aug 28, 2014
    298
    Austin, Texas
    These are all great points. Alex, your car is an exceptional example. However, I do believe that the you're struggling with the following:

    • The Valeo transmission. It's cool and RARE. However, how many documented Valeo sales are there? Even with the rarity of the transmission, are they actually selling at a premium to other equivalent Mondials with the manual transmission? There may be buyer fears of the complexity and potential issues that could come with the Valeo transmissions that is putting a damper on their prices. Plus, there's the whole 3 pedal experience that many are seeking with a classic car.
    • Softening Ferrari market. As hypoluxa points out above, there seems to be a bit of a dip in Mondial prices. However, it's not isolated to the Mondials - it's 99% of the Ferraris on the market. Look at the classified ads on this site and see how long cars sit without being sold and the softening prices as a result. There are multiple factors at play, but IMO, it's probably being led by changes in consumer tastes, sentiments, and the economy.
    • Seasonal timing. This is a wonderful time of year to own a cool, classic car! However, sales do seem to start slowing down around this time.
    • BaT noise. While I don't feel that this has a broader impact to Mondial values in general, I do believe that your car was negatively impacted in its BaT auction by the sheer number of cars that have been listed recently. BaT has become increasingly "noisy" and it's difficult for a car to stand out and maintain attention unless it is something really over-the-top special or unique. As cool as the Mondial is and as much as our group loves them, they just don't stand out enough for a majority of buyers on BaT.
    Your Valeo is an incredibly nice Mondial. It just doesn't seem that the market is willing to pay up for an exceptional example with average miles at this time. I hope that you do keep and continue to enjoy it. As you mention, what else can you find for $50K that will deliver that level of experience?

    2cam
     
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