News

Pista on Bring a Trailer pulled?

Discussion in '458 Italia/488/F8' started by Jaguar36, Jun 29, 2020 at 12:17 PM.

  1. Jaguar36

    Jaguar36 Formula Junior

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    There was an auction of a Pista on Bring a Trailer that got pulled. It sounds like Ferrari of Central Jersey wasn't planning on honoring the auction or something? Anyone have any more details about what happened? Seems like a pretty shady move by Ferrari of Central NJ, but I wonder if there is another side to the story. Anyone know it?
     
  2. SoCal to az

    SoCal to az F1 Veteran
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  3. SoCal to az

    SoCal to az F1 Veteran
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    From the comment section:

    "A Pista without carbon is like a stripper with big boobs and no teeth."

    Lol.

    This car isn't even wearing dentures.
     
  4. Jo Sta7

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    There is zero external carbon (except side air intakes?) on this Pista. Personally that doesn't bother me so much except for the rear molding. I try and not have any carbon lower than my knee. Too expensive to replace. But Ferrari Central Jersey was bush league doing this.
     
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  5. LVP488

    LVP488 F1 Rookie

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    An auction (specially an online one) may expose the reality of the market, which may not please an official dealer...
     
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  6. IPO1

    IPO1 F1 Rookie

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    #6 IPO1, Jun 29, 2020 at 3:16 PM
    Last edited: Jun 29, 2020 at 3:23 PM
  7. SoCal to az

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    2600 miles and no carbon. Not sure if that is indicative of the market. Anyone that can afford 395k can likely afford 425k for a better spec.
     
  8. Jo Sta7

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    agreed, It’s a $360k car there are too many good specs within 20k.
     
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  9. carz80am

    carz80am Formula Junior

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    I wonder if Ferrari found out and had it pulled. Doesn't look great for a manufacturer to have a franchise store selling a car on BAT...Or maybe they have a deal pending
     
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  10. freshmeat

    freshmeat F1 Veteran

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    I wonder what the dealers think will keep the prices up?

    As a buyer, all I see on the horizon is a significant glut of super cars hitting the market in a receding economy on top of still ongoing Pista production...
     
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  11. soulsea

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    I got so much pushback last fall when I predicted the Pista market will go the way of the GT2RS market ... even as Ferrari was making as many as people wanted the conventional wisdom/wishful thinking was that it was going to be a Speciale type production, especially with all the cars people were made to buy to get one.

    2RS prices have somewhat stabilized, I'm sure Pista ones will too eventually, but for now the wholesale market is heading downwards fast (as of last week $50k+ under msrp depending on spec), obviously not helped by the virus. I’m sure there’s a lot of people including Ferrari who don’t want transactions out in public spaces like bat.
     
  12. C50

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    It's funny how people often opine that carbon options return .10 on the dollar but as soon as the stripper spec is offered, it's derided as unworthy of consideration.
    that being said, the glory days of demand>supply and maintaining retail on the second-hand market are long past.
    if anything, it separates the wheat from the chaff:
    you want the car? buy the car.
    speculators need not apply.
    i'm still waiting for my TDF at MSRP (but don't chastise me for not buying it if there's no CF ;)).
     
  13. kane00

    kane00 Formula Junior
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    Exactly correct. And real money buyers are very informed and continue to see a downward trend that we aren’t even close to the bottom. Wait till December rolls around.
     
  14. SoCal to az

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    And the real owners who bought their cars not as an investment but for the pure joy don’t give a rats ass.
     
  15. SoCal to az

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    There is a difference between carbon on a 4 year old 488 and a 1 year old Pista.
     
  16. C50

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    I agree.
    What will be interesting is how Pista prices will shake out in four years and what effect external carbon will have on market pricing.
    If there is a big impact, I'm sure the mothership will take note and continue to design cars that appear half-baked without ~$35-50k of options checked off.
    The Pista may be the apotheosis of the external options as a revenue generator.
    (cue the SF90 Assetto Fiorano... "hold my birra")
     
  17. soulsea

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    I’m sure some do and some don’t, that’s not the topic of this thread.

    But since you brought it up ... anyone that’s been on automotive forums long enough knows that anyone who takes the time to tell strangers that they don’t give a rat’s ass usually gives a rat’s ass. True indifference does not require an audience.
     
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  18. SoCal to az

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    And anyone that’s been on automotive forums long enough knows that anyone hyper infatuated with depreciation that takes the time to tell strangers how their car has gone down in value either can’t afford one or wanted one so badly that they couldn’t and now have to justify their lack of ownership by talking about depreciation.

    look- no wants to lose money but many here did not buy a Pista thinking it would be a million dollar car. I’ve made money or cars but have lost far more than I’ve made. But the smile every time I get behind the wheel makes it all worthwhile. Ymmv.
     
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  19. soulsea

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    First of all I’m not telling anyone the price of their car has gone down, the market is.
    Nor I don’t wish negativity on anyone, financial or otherwise. When I saw this coming last fall my motivation wasn’t I hope this happens so I can be right, I was hoping that I’d be wrong but thought I’d mention the parallels I saw (from experience) for those who might care. It’s actually one of the very few value discussions I’ve taken part in and it was driven by good intention not by ego. Some of us simply discuss these things every once in a while because it matters to some people to some degree as one variable of their ownership experience.
    Being an enthusiast and not wanting or being able to lose too much on every transaction aren’t mutually exclusive, and yes one can care about both and be a ‘real’ owner. I know for my part with my automotive add, I need to pay attention to such things or else I won’t be doing it for long, and if I’m not considered ‘real’ by strangers so be it.
    I’m happy for the people who are in a position to not care, I have no judgment about those who do care, nor the presumption to assume why one might or might not care.
    But it would be nice, although probably impossible, to be able to have an objective market discussion without the inevitable ‘I don’t care about depreciation’ flex.
     
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  20. Jo Sta7

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    I think it’s absolutely possible (and prudent) to be wealthy enough to not care but also take depreciation into consideration unless it’s a dream once in a life time purchase. Depreciation doesn’t matter if the item is never sold.
     
  21. Gh21631

    Gh21631 F1 Rookie
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    It becomes a problem when/if you arent driving your car, if you use it as intended then you get value. Pista is the car to have from Ferrari right now and I dont see anything on the horizon that will change things. For this reason alone any depreciation will flatten.
     
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  22. SoCal to az

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    Quick question for you but what cars do you currently own? No disrespect intended but knowing what is in someones stable helps to have the appropriate conversation. TY.
     
  23. SirPouyan

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    There it is...
    Disagree with SoCal and he will call you out, and demand to know your ownership history.
     
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  24. SoCal to az

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    Simple solution to that is probably don't disagree with me then. :)

    Ive wasted enough time arguing with people (noone in particular comes to mind) that Id rather know who Im discussing the topic with. Is it someone who is saving up for their first car or someone who buys cars regularly. Different context in the conversations.
     
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  25. Jo Sta7

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    A better question is what do you have the capability to own and what factors into your decisions on what/when to buy. I could buy an F1 in cash. I won't.
     
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