https://www.ferrari.com/en-EE/magazine/articles/the-ferrari-gala-in-new-york-city Amazing car - it was meant to be auctioned in NY yesterday. Does anyone know how much it sold for?
This does not include sales tax because that is determined by the state where the purchaser registers the car. The highest state sales tax I think is about 9.5% and the lowest is around 5%.
We are talking about sales tax on the premium is that correct ? The buyer will then pay additional sales tax when the car is registered.
Excellent point. I was actually thinking about the sales tax on the car itself. Im not sure if the premium is taxed with the car-i.e. this is what you paid for this car- or taxed as a separate item in the state where the auction occurred. Apologies for any confusion.
I appreciate this isn’t a very exciting point, but my understanding is that the buyer’s premium is a fee for a service and as such, attracts sales tax.
So then you have to add Sales tax on car- to be paid in the state you will register the car Sales tax on the premium- paid in the state of the auction as it was a service performed there
Perhaps the more interesting question is : from a long term perspective, which will be a better investment? 812C or F12TDF?
In my personal opinion? Well preserved low mileage and very special examples ( desirable specs & colours / one of one ) F12tdf
I don’t really think there will be much difference. The key is not really how they drive - they both drive great, though different - but how they look. And both are beautiful with some very distinctive features which ensures they will be well thought of. Neither is a 250 GTO but you could maybe reference various 250’s and 275’s and find they are similarly valuable. For example (and very subjective because there is so much evidence for whatever you want to say) but in a list of the top 100 selling Ferraris that I found, number 16 was a 275 GTB/C at about $14.5m and a 250 SWB Comp was sold for $13.5m. In other words the predecessor and successor are basically valued the same. TDF and 812 Comp were sold in far greater numbers than these so won’t ever reach such stratospheric values but I we know things like rarity, history, provenance and appearance still make the market at any level. The numbers built of TDF and Comp are broadly similar but slightly favour the TDF. The rarest and perhaps most interesting of all is the Comp A. Most likely the one that will command the highest price in 10 years time.
Fully agree the Comp A is the one to own/collect in the 812C series. In my view, low mileage, well preserved and special examples of the tdf will be more sought after and collectible than the 812C coupe , which I think was the comparison in the question asked. in summary, i would say special examples of the tdf and Comp A are the variants to collect. I was having in fact a conversation with the head of a well known Ferrari dealership his thoughts were exactly the same.
Now looking at the spread between special variants of f12tdf and comp A in the UK, that price spread is likely in the range of £700k-900k which is insanely high given the comp A isn’t that much rarer than the tdf and in fact special example/ one of one Tdf are made in ver Small numbers and or probably rarer than the average spec Comp A. To answer the question on which is the best “investment” therefore at current prices it seems a no brainer to me that buying a special example of the Tdf is the smartest play
Perhaps the gap between tdf and comp A in the UK is down to the still relatively low supply of the comp A and it being the 'new one' . It might get closer over time as volumes of comp A on the market increase but perhaps still in favour of the comp A due to a lower volume
Agreed. While there is no doubt some premium in the Comp A from the fact it is new, I can see a plausible dynamic whereby in the short to medium term prices of Comp A soften a bit while prices of the best examples of the Tdf continue to rise towards Comp A prices
I definitely don ‘t see TDF at Comp A levels. TDF and Comp will probably settle at similar prices, Comp A a bit above IMO. I think the Comp might be the best of the three for many people though. TDF too spiky, Comp A not a coupe and not quite as nice looking but rarer. The Comp strikes a really good balance between driving, appearance and V12 loveliness. But seriously, are any of us suggesting we wouldn’t love to own any of them? Didn’t think so. It’ll be a shame if this line comes to an end, though I have a suspicion it won’t.
Yes sorry for the confusion i didn’t mean tdf would settle at comp A prices but rather that they would move much closer compared to where they are now ie the gap will close. I do think however than the tdf will be more collectible and desirable than the comp coupe, particularly the special cars, and that among the comp series its the aperta that will be the collectible variant. From a design standpoint and how special the car feels imo the tdf is a better car compared to the coupe. The aperta is a better design than the coupe and rarer.
I think the gap is due to the fact that the CompA is the only limited edition convertible V12 coupe in the 599GTO/F12TdF/812Comp series (I am excluding the 599 Aperta which is a very limited series car not sold as an extreme performer despite the engine) The Comp A is also rarer. 599 to 799 is not a small difference Sent from my iPhone using FerrariChat
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I think some customers decide they are done and order one more special car to make a little extra cash.