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Scottsdale Auction Thread

Discussion in '348/355' started by vvassallo, Jan 24, 2020.

  1. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,191
    Palos Verdes
    Full Name:
    Vince V
    Hey guys, just got back and wanted to report the action concerning our 348 and 355 cars. Overall, things were a little light, with most of the money not present. The high end buyers were there, but the rest of the buyers were either missing or more conservative than previous years. There were 7 auctions this year even when Silver dropped out: Barrett, Russo & Steele, RM, Gooding, Bonhams, Leake (first time) and Worldwide (first time?).

    Leake had a 348ts no sale at $35K high bid (dah). Interestingly they advertised a 348tb Challenge, made streetable with the entire Challenge package included. Never made it to the block. The did sell a '91 348ts for $45K.

    Barrett sold a 98' 355gtb F1 for $50K. They sold a '91 348tb for $44K and another '90 348ts for $50K

    Bonhams sold a '95 355 Spider 6 sp for $69K

    Gooding sold a '98 355 Spider for $90K, 6 sp I think. They also sold a '90 348ts very low miles for $65K

    Russo sold a '98 355 Spider F1 for $49K

    There were some very interesting deals on other models and a lot of no sales. Russo sold a 550 for 80K or so and a 612 for around the same. Sellers did right by keeping reserves on their cars because most of the money was chasing steals, I thought.
     
    steved033 and jferrante like this.
  2. ghardt

    ghardt Formula 3

    Apr 18, 2004
    1,231
    Texas
    Full Name:
    Jerry
    Try selling a Testarossa these days.
     
    ChipG likes this.
  3. tres55

    tres55 Formula 3

    Sep 18, 2012
    2,100
    Canada
    I never understood why Testarossa's jumped. It's the most mass produced Ferrari model ever including all the variations I thought.
     
    ChipG and pilotoCS like this.
  4. GerryD

    GerryD Formula 3

    May 5, 2010
    2,351
    North of TO
    Full Name:
    Guido
    Many of the Ferraris up for auction at BJ are fugly cars with many problems. Ive seen them personally and its scary.
     
    WATSON likes this.
  5. johnk...

    johnk... F1 Veteran
    Owner

    Jun 11, 2004
    7,652
    New England/FL
    A few details.

    Bonhams: yellow/black '95 355 Spider 6 spd $77.3k all in 5500 miles.

    Gooding: silver/black '98 gated 355 spider, $100,800 all in . 15,400 miles.

    Barrett: yellow/black 98 F1 355 spider $55,000 all in. 33,600 miles
    silver/black 99 F1 GTS, $51,700 all in. 20,345 miles
     
  6. johnk...

    johnk... F1 Veteran
    Owner

    Jun 11, 2004
    7,652
    New England/FL
    But the better cars get what they are worth. If you look at the results over all, the prices seem to reflect the market for the various models: 87 TR $110,000, 07 430 F1 $126,500, 2010 Cali, $119,000, 01 360 F1, $93,500, 246 Dino, $308,000 to name a few.
     
  7. GerryD

    GerryD Formula 3

    May 5, 2010
    2,351
    North of TO
    Full Name:
    Guido
    The "better cars" How do we know which ones are better? Unless you know what you are looking at while standing right there in front of the car, you really don't know if it is a "better car". BJs auction are not what they seem. The bidding is known to be rigged on many cars. Ive seen cars that were supposed to be good cars and they were flood damaged and were basically parts cars.
     
  8. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    3,074
    7000 made in 6 years and how many came to usa maybe low 2000s
     
  9. SoCal1

    SoCal1 F1 Veteran
    Owner

    Jun 14, 2011
    8,041
    SoCal LA/OC
    Full Name:
    Tim Dee
    I put a few up in long term storage, I'll go back in a few years and look at them :)
     
  10. tbakowsky

    tbakowsky F1 World Champ
    Professional Ferrari Technician Consultant

    Sep 18, 2002
    14,763
    The Cold North
    Full Name:
    Tom
    If this is true..you may as well have thrown those dollars out the window.
     
  11. SoCal1

    SoCal1 F1 Veteran
    Owner

    Jun 14, 2011
    8,041
    SoCal LA/OC
    Full Name:
    Tim Dee

    Nope just a car, have them stashed in warm dry places no issue.
     
  12. tres55

    tres55 Formula 3

    Sep 18, 2012
    2,100
    Canada
    You bought a few?

    There were definitely some deals to be had. That McLaren Senna sold for almost $350k below market price.

    Bet that owner regrets not having a reserve.
     
  13. SoCal1

    SoCal1 F1 Veteran
    Owner

    Jun 14, 2011
    8,041
    SoCal LA/OC
    Full Name:
    Tim Dee
    Not here
    We recently bought 4 American cars, parting them out and making other stuff from them. Less expensive to buy complete packages for parts.
    :)
     
  14. tbakowsky

    tbakowsky F1 World Champ
    Professional Ferrari Technician Consultant

    Sep 18, 2002
    14,763
    The Cold North
    Full Name:
    Tom
    Now that is a horse of a different color. Parting put cars can be a good money maker, but it's a long drawn out process.
     
  15. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,191
    Palos Verdes
    Full Name:
    Vince V
    Since you brought it up, here's the TR story from Scottsdale.

    Bonhams 1995 F512M for $280K.

    Barrett 1989 TR $100K. 1987 TR $100K.

    RM 1993 512TR $160K. 1987 TR $67K.

    Russo 1990 TR $100K. 1985 TR Unsold at $100K.

    Gooding 1988 TR $92K

    I saw almost all of these and none were basket cases. I think the 1985 Flying Mirror owner was looking for a big score, hence the no-sale. It's still hard to argue that a TR in VG plus condition isn't going to sell for $100K despite the low RM sale.
     

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