Soon to be on Copart.... F50 | Page 6 | FerrariChat

Soon to be on Copart.... F50

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by gtwhaley, Feb 12, 2012.

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  1. gtwhaley

    gtwhaley Karting

    Jan 10, 2011
    93
    Kentucky & Texas
    Full Name:
    Greg
    Whoa... popped over the $200k mark...
     
  2. Turbo360

    Turbo360 Formula Junior
    BANNED

    Oct 21, 2011
    533
    going to go for a lot more then what people are saying. I know I will be watching live this one and try to get a screen shot of the selling price. :).
     
  3. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    #128 Simon^2, Feb 28, 2012
    Last edited: Feb 28, 2012
    You think it'll break $400K? What's your guess? I posted mine a few posts back... I'm sticking with it.

    When does the auction end? (looked it up... 3/19/12. current bid $210K).

    I might bid $250K just for giggles. Can't lose at that price. Chance of winning, near 0.
     
  4. 4re Nut

    4re Nut F1 World Champ

    Mar 27, 2004
    16,343
    N of NOLA
    Full Name:
    Steve
    #129 4re Nut, Feb 28, 2012
    Last edited by a moderator: Sep 7, 2017
  5. Mr. Francesco

    Mr. Francesco F1 Rookie

    Oct 10, 2010
    4,934
    Full Name:
    Mr. Francesco
    I remember reading this article back when it was being shared around the internet. It's a shame that this article doesn't state what the full extent of the damage was to the tub.
     
  6. fast eddy

    fast eddy Formula Junior

    Apr 8, 2010
    282
    Utah
    Full Name:
    Ed Davenport
    #131 fast eddy, Feb 28, 2012
    Last edited: Feb 28, 2012
    I liked the idea of a co-op. Get say 30-60 to pony up 15k or so each, then do a repair thread on this site, where members could donate time/skills to the repair, then do time shareing with the owners on a national annual track tour! This would give many the rare opportunity to experience first hand the unique aspects of this car. Seat time could also be sold for transport/maint. fees! Maybe a poll to guage interest would be fun! The realities are that it might be too late to organize such a feat, let alone the obvious hurdles to pull it off.
     
  7. dmaxx3500

    dmaxx3500 Formula 3

    Jul 19, 2008
    1,027
    guys,these are only ''pre-bids'',,the real auction starts at 12noon est time on 3/19/2012,and you need to be a PA lic dealer[lic on file with copart] to bid,,,this car will probabuly go for $500k [lots of cars going to the middle-east]
     
  8. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    does the seller have the right to reject the highest bid or is it binding
     
  9. xamfed

    xamfed Karting

    Oct 13, 2010
    72
    Midtown ATL
    Full Name:
    Brett Federico
  10. Peloton25

    Peloton25 F1 Veteran

    Jan 24, 2004
    7,646
    California, USA
    Full Name:
    Erik
    ^^^ Interesting link - thanks for sharing.

    You can tell the damage to the rear of the car was fairly significant from the photos.

    >8^)
    ER
     
  11. Mr. Francesco

    Mr. Francesco F1 Rookie

    Oct 10, 2010
    4,934
    Full Name:
    Mr. Francesco
    Ouch.

    Well regardless of whether or not you receive a new tub, or a repaired tub, the tub was corrected by McLaren, and I'm sure that they will stand by their work and repair.
     
  12. Mr. Francesco

    Mr. Francesco F1 Rookie

    Oct 10, 2010
    4,934
    Full Name:
    Mr. Francesco
  13. nthfinity

    nthfinity F1 Veteran

    Mar 21, 2005
    7,467
    South East MI
    Full Name:
    Isaac not Issac
    Impressive fill work, and the section was calculated not to be integral to bearing load. The honeycomb damage was not repaired, instead, foam fill was used on the innards to be better form filling.

    If the F50's tub was similarly analyzed, and load calculated, it could potentially be repairable. Heck if the damaged section isn't load baring, it might be very drivable w/out needing repair, except to say that it still looks pretty ugly ;)

    This isn't something that just anybody could do. The repair cost looks minimal in terms of the cost of a new tub; however, if it is found to be a critical portion of the tub, it will never be the same, even if repaired.
     
  14. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    just to clarify -- the entire F50 is load baring, there is *no* frame.
     
  15. Turbo360

    Turbo360 Formula Junior
    BANNED

    Oct 21, 2011
    533
    #140 Turbo360, Feb 29, 2012
    Last edited: Feb 29, 2012
    Ok just to let you know this isn't ebay and that is not the ending price. So waiting for a correction from greg on this one again from our expert:




    Pre bid ends that morning on 3/19 11am (EST) so until 1 hour before the auction starts, who ever is registered as a dealer on Copart will be able to place a bid amount in the pre-bid process. once the auction time is less then 1 hour before it goes live you will not be able to enter a bid until the lot goes live then you can actively participate in the live bid against other members on copart, all I can say its fast and people do a lot of sniper active bidding. when each bid is entered you have 5 seconds to make another bid against the highest bidder.
     
  16. Peloton25

    Peloton25 F1 Veteran

    Jan 24, 2004
    7,646
    California, USA
    Full Name:
    Erik
    What's the point of the pre-bid process if the bids don't seem to matter?

    >8^)
    ER
     
  17. ChipG

    ChipG Formula 3

    May 26, 2011
    1,762
    Santa Monica, CA
    LOTS of false info going on here...

    DO your homework before you speak please.
     
  18. atomicskiracer

    atomicskiracer Formula 3

    Mar 30, 2005
    1,739
    Full Name:
    Ryan
    Thanks for the insightful post.
     
  19. gtwhaley

    gtwhaley Karting

    Jan 10, 2011
    93
    Kentucky & Texas
    Full Name:
    Greg
    #144 gtwhaley, Mar 1, 2012
    Last edited: Mar 1, 2012
    That's a question I have always asked. JMO...They only reasons I could see is to either show there is enough interest in the car for the seller to possibly sell it without a reserve or maybe it's to be notified/reminded regarding changes to the auction. Or lastly, it could be a just an ego thing. I have never pre-bid a vehicle so I cannot verify the notification theory. As for reasons not to pre-bid...Obviously, to not run up the price being the first one but another reason is that I do not have unlimited buying power.

    Example: If I have an account that has buying power of $100,000 and I pre-bid 50k on a car that's not selling for a week or two, then that 50k pre-bid money is tied up, reducing my immediate buying power.

    But if someone else can point out an advantage of pre-bidding, I would also like to know.


    Current pre-bid $222,000


    gw
     
  20. gtwhaley

    gtwhaley Karting

    Jan 10, 2011
    93
    Kentucky & Texas
    Full Name:
    Greg
    Does anyone have an accurate/approximate value of just the engine and transmission?
     
  21. nthfinity

    nthfinity F1 Veteran

    Mar 21, 2005
    7,467
    South East MI
    Full Name:
    Isaac not Issac
    A finite element analysis would prove very useful. I don't think the damaged tub can be repaired adequately; but I haven't run such an analysis :)
     
  22. BigWilly

    BigWilly Formula Junior

    Jun 15, 2009
    499
    Does anyone know the history of the car pre-Algar?
    How did they end up with it?
     
  23. xamfed

    xamfed Karting

    Oct 13, 2010
    72
    Midtown ATL
    Full Name:
    Brett Federico
    It is worth signing up for the site for. There are about 100 pictures or else I would copy them and put them on here.

    You don't need to become a member to see the pictures, just create a log on.
     
  24. gtwhaley

    gtwhaley Karting

    Jan 10, 2011
    93
    Kentucky & Texas
    Full Name:
    Greg
    Well, I sat and thought about it a bit more... These are just my thoughts on it. I suppose a couple of other reasons come to mind for pre-bidding. But lets first say that the pre-bids do matter. Maybe it does resemble ebay in the way that you can place your maximum bid and the current bid will increment until your max is reached both before the live auction and during. And maybe it could take the emotional factor out of bidding and not get carried away during the live auction??? Put in your max, walk away and wait for the phone call? Or maybe you aren't able to make the live auction? I usually prefer to wait til the last possible moment but then again, I have missed things by running late or limited internet access. My thought was always it's the last bid that matters, not the number of bids.

    I think it will be interesting to see where the bids starting coming from during the live auction. Will they be primarily from here in the states or abroad? I'm staying with my guess-timate of $287,000 plus or minus 2k, but typically things bring more than I expect them to. Whatever it brings, hopefully it goes to an Fchatter or a friend of one.
     
  25. gtwhaley

    gtwhaley Karting

    Jan 10, 2011
    93
    Kentucky & Texas
    Full Name:
    Greg
    Let's forget about resale value for a moment....

    If you knew the car could be fixed back to 100% in every way for $200k plus the price of the car or for 75k with 100% cosmetic and 95% structurally, which route would you go? Let's face it, how many people spend that much time over 160mph? Again, just my opinion but assuming no suspension mounting areas are damaged, I'd think that if the tub was repaired, periodic inspection would uncover the development of any stress cracks or breaks well in advance of any dangerous situations. Similar to inspecting aircraft. I'm not saying to fix it cheaply nor am I saying to spare no expense. But, I think how the person plans to use the car would dictate the route of repair.
     

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