just have seen this: https://bringatrailer.com/listing/1969-ferrari-206-gt/?utm_source=dm&utm_medium=email&utm_campaign=2025-01-23 sold for 1.000.000 US $ can this really be true???
So much for the internet: "the classic car market is about to crash" mantra. That is a really strong price. Dino prices have left the average car enthusiast price level years ago. So going from $600K to $1M only means more will be restored to a higher level and used as collector pieces. A rising tide lifts all boats. So its a good thing. Let the new owner enjoy.
A beautiful 246 in an Azzuro de la Plata-looking blue went for $355k just a couple of weeks ago. I can't see how this one is triple unless I'm really not understanding how much more rare a 206 is than a 246. https://bringatrailer.com/listing/1972-ferrari-dino-246-gt-13-2/ Image Unavailable, Please Login
Ryan, great point, yet I think it really is an outlook on priorities. You can buy a 'common Daytona for 1/2 a Mill. +/- or you can buy a 'real spider' for 2,6++ Mill. If you sell/buy. a 'perfect' 206 with zero visible faults, it may even be more $$$$$. And this one was not perfect. A 206 is very rare, as the numbers will make that clear, and it is relative to how deep your pockets are, and, and, and... You can almost buy 3 Dino for 1 Mill. Buy 5 lbs of ground chuck (burger), or 1 Lb. Sirloin (steak). Still meat. Ahhh, but the taste? The look? Regards, Alberto
If you want to drive it, I would go for a 246 GTS and a 365 GTB4 Daytona. If you want to own a very rare car the Dino 206 GT ist for sure very rare and good looking. Is it worth 1.000.000 Dollar, well the buyer seems to pay that money and for him it is worth that big money.
That may be, but unless the reserve was $956,000, they risked loosing the sale and paying a fee on top. Personally, I'm happy for the buyer and hope he enjoys it as much as he expected.
I don't see anything fishy here. I knew the 206 would be the first million dollar dino. Mine sold 4 or 5 years ago at Amelia Island for over $850 and I did a color change.
In the 80's I drove 200 miles to New Orleans to buy a 206 for $15k. Was a nice car, but I decided against it. I have made other dumb decisions too.
BaT is allowed ro waive a portion of their fees to produce a sale and they have. BaT has a strong reputation - this auction was a great example of success for all.
BAT doesn’t make fees if the car doesn’t sell. It makes sense BAT might remove fees to get a sale, as well as the seller. I know of this because I know of a friend that was selling on BAT, and he worked a deal to reduce reserve and offset fees. Not Dino/Ferrari related, but BAT does communicate with Sellers and try and make something happen. I think more in the spirit of trying to not have a Reserve Not Met scenario, because selling a car helps the site, whereas not selling doesn’t.
Alberto, over the years, I've periodically asked numerous individuals to provide unbiased/verifiable confirmation or proof to all kinds of auction and "market" related claims they've made here, but I don't recall ever seeing any actually produced, so don't hold your breath.
You are absolutely right, and I am not holding my breath Timo. It is the 'poolside drink' character that continues on making statements without substance. He also has threatened me to a "mono a mono" monkey to monkey, (instead of 'mano a mano'). We go back a ways.... We'll just let him slide back to his possessions, of which he has many, only that though.... really sad. Regards, Alberto
I also have a friend that knows a friend, that.... Shawn, BaT is not Mother Theresa. I see it more, if anything, that the potential buyer and seller, might arrive at a pre RNM scenario before the auction ends. To me, that, is more plausible. After all, that, communication between buyer and seller is not monitored. Imagine, if it were to leak out, an arrangement with BaT? Copy / Paste, oh no oops, spilled the beans... Besides, what the eyes don't see, the heart does not feel. (old Mayan proverb) Regards, Alberto
Alberto, I agree there could easily be shenanigans. I also see those involved not posting that info publicly. In the event I know of, BAT and the seller emailed in the last minutes, mainly because reserve was close. More of an “if” scenario, and they agreed to work to sell. I don’t think that is any different that any other auction house. At the end of the day, making deals work is the goal.
In basic terms, the $1m price does not surprise me or make me think there was some crazy conspiracy. THIS 206 is what I have wanted since seeing it. If I had the disposable funds, I still consider this to be a “Deal” for the buyer. When you look at the rare parts and documentation, it is awesome. Buy Ed’s clock and it is about as good as you will find. AND, try finding another Alloy body Ferrari from this Ferrari period at this price.... Shawn
