Monterey Auction Results (circa 1987) | FerrariChat
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Monterey Auction Results (circa 1987)

Discussion in 'Ferrari Discussion (not model specific)' started by targanero, Aug 26, 2005.

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  1. targanero

    targanero Formula 3

    May 31, 2005
    1,661
    New York
    Full Name:
    Simon
    #1 targanero, Aug 26, 2005
    I ran across these results in an automobile magazine from 1987. Thought they'd be of interest as a comparo to recent auction sales.

    1971 365 GTS/4 - $490K
    1967 275/365 Prototype - $455k
    1965 275 GTS - $210k
    1973 365 GTB/4 Daytona - $200k
    1965 275 GTB - $190k
    1971 365 GTB/4 Daytona - $188k
    1964 250 GT Berlinetta Lusso - $167,500
    1965 275 GTS - $155k

    1966 AC Cobra 427 - $145k
    1965 AC Competition Roadster - $222,500
     
  2. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    #2 Napolis, Aug 26, 2005
    Very interesting. In 18 years Daytona's and 275 GTS's have gone no where, Cobra's and 275 GTB's up a touch, and Microsoft from about $1 to $27 per share...
     
  3. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    #3 bobafett, Aug 26, 2005
    In today's dollars, that would become:

    1971 365 GTS/4 - $490K (1987) = 824k
    1967 275/365 Prototype - $455k (1987) = 765
    1965 275 GTS - $210k (1987) = 353
    1973 365 GTB/4 Daytona - $200k (1987) = 336
    1965 275 GTB - $190k (1987) = 319k
    1971 365 GTB/4 Daytona - $188k (1987) = 316
    1964 250 GT Berlinetta Lusso - $167,500 (1987) = 282
    1965 275 GTS - $155k (1987) = 261

    1966 AC Cobra 427 - $145k (1987) = 274
    1965 AC Competition Roadster - $222,500 (1987) = 374


    --Dan
     
  4. Kram

    Kram Formula Junior

    Jul 3, 2004
    867
    Park bench, Canada
    Full Name:
    Mark
    #4 Kram, Aug 26, 2005
    Monterey was before October ‘87 when things took a real dive. I remember Ralph Lauren being blamed for the high prices, some said that single handed he had driven up the Ferrari market. Incidentally, I remember a Daytona convertible (real, not Straman) hitting 100 grand in ‘79. What’s that in Microsoft?
     
  5. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    #5 Napolis, Aug 26, 2005
    Microsoft charts don't go back that far but Intel was about .34c (Now 25.51)
     
  6. Ashman

    Ashman Three Time F1 World Champ
    Owner Silver Subscribed

    Sep 5, 2002
    33,240
    MA
    Full Name:
    John
    #6 Ashman, Aug 26, 2005
    Not exactly true if you were to look at the explosion in Ferrari prices during 1988-90, the hard and sudden crash in 1990-91 and the long plateau before prices started moving up again a few years ago. The late 80's were the truly crazy, speculative years when people were flipping Ferraris for 20% gains after a few months. I figured that I would never be able to own a Ferrari in those days. You could tell that the craziness was near a peak when people started up "investment funds" to invest in Ferraris, kind of like the current hedge fund mania.

    From their peak in 1990 to their bottom in 1995 or so many Ferraris dropped 75% in value. Its been a long slow climb back up to current levels, which are still below the peak years.

    The guy I bought my 400i from bought it in 1988 and told me that he was offered over $100K for it in 1990. He held on to it until I bought it in 1998 for, ahem, more than a 70% discount to that price.

    As a famous philosopher once said "What a long, strange trip its been".

    But I know what you mean Jim. For the buy and hold person, at least they haven't depreciated.

    John
     

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