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the F40 is undervalued

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by ross, Jun 1, 2019.

  1. msn

    msn Formula Junior

    Jan 22, 2011
    297
    #401 msn, Jan 18, 2022
    Last edited: Jan 18, 2022
    I personally would say your fathers F40 is worth half the value of your F40 on a monetary basis, but your fathers F40 has seen double the enjoyment factor than your F40. This is just my humble opinion.
     
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  3. PAUL500

    PAUL500 F1 Rookie

    Jun 23, 2013
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    One swallow does not a summer make, is the old saying. It will need a few more similar, lesser desirable cars to also sell at that level for the averages to move upwards, time will tell, it could cause some potential buyers to panic and bid anything that comes available to the moon and back, or it was two people who simply had auction fever on the day.
     
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  4. Marcel Massini

    Marcel Massini F1 World Champ
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    You forgot the chandelier.

    Marcel Massini
     
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  5. ross

    ross Three Time F1 World Champ
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    which is a valid point......do we know whether or not the mecum car actually sold to a human being?
     
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  6. ross

    ross Three Time F1 World Champ
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    agreed. it is but one sale.
    however, IF that next sub-1000 miles usa car in perfect nick does NOT sell for $1 million more than the mecum car, then it erodes your argument...... just saying....
    lets see what happens....
     
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  8. joe sackey

    joe sackey Five Time F1 World Champ
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    It doesn't have to be just a sub-1,000 miles car, and the price increase doesn't have to be exactly $1m more, that's not the way the market works, mostly because of the factors Ive already pointed our t a page ago. The market is an accumulation of all sales data points for all cars both low )& high miles covering both USA and Eu/ROW cars, let's give things the year, then review.

    FCD, if you ever consider selling 85768, let me know right away please.
     
  9. FCD

    FCD Karting

    Nov 27, 2011
    146
    Germany

    I will do that.

    I gave a real example for discussion. I am also one of the collectors who always paid a high surcharge for the special (low km, if possible 1st owner). But since I love driving an F40 so much, I actually bought a second F40 for it. If I had driven 30,000 km on the collector F40 now, it would have become a normal F40. So I would lose 750,000 euros at least with the collector F 40.
     
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  10. cnpapa24

    cnpapa24 F1 Rookie

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    #408 cnpapa24, Jan 19, 2022
    Last edited: Jan 19, 2022
    A documented low mile car that is all original should pull a premium to a similar car with miles, no question. I think the issue is many people tend to focus on odometer reading above all else. There are many cars out there with low odometers with unknown ownership history and limited to no service records or history to back it up. Without this information it is difficult to corroborate the odometer and history of the car. Moreover, many cars with low odometer readings have had repaints and redone interiors, so originality is less relevant at that point. Your intended use for the car also comes into play. FCD has the perfect two car F40 combo: one for show and one for go, though many people fall into one camp or the other. For those not looking for a museum piece the parameters are different and the ability to buy at a good car with known history at a lower price point is an opportunity. For those looking for a well documented low mile car with corroborated history, miles and originality, the premium is worth it to them. For those buying odometer reading without the requisite history and / or originality, justifying the higher prices is very difficult. This latter seems to happen more often than not as well documented, original cars are extremely difficult to come by, especially when you start looking for specific specs, such as sliding window and / or non cat / non adjust, or US spec.
     
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  11. ttforcefed

    ttforcefed F1 World Champ
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    you are my hero!
     
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  13. willcrook

    willcrook Formula 3

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    people 'clock' these cars because it's a very easy thing to do. if your mileage is low then you can devalue your car by a stupid amount just from a long days drive.
     
  14. ross

    ross Three Time F1 World Champ
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    so, apparently we need at least one public sale of a USA model '92, with <1500 miles, and good provenance and decent condition to see where the stack is now.
     
  15. joe sackey

    joe sackey Five Time F1 World Champ
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    Well said, markets are a lot more nuanced than some seem to understand which is why you often see people at odds with it.

    Thank you.
     
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  16. Hopfenholz

    Hopfenholz Rookie

    Mar 31, 2021
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    I know that DK just sold their 1-owner F40 for £1.85m
     
  17. Juan-Manuel Fantango

    Rossa Subscribed

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    We have a gentleman, Brian Green, coming to interview and film my wife and her Fhttps://www.wsj.com/articles/photos-a-flock-of-ferraris-143870166240 Monday as he is doing a series on Woman and their cars. He wants to start at the garage but film the car at The Tail of the Dragon. Done it multiple times, but its a 134 mile drive there, and I bet you one of the best 134 mile drives in the country. I must be getting old because I just don’t known if I want to do it. Miles is not the issue as the car has miles and needed to be driven anyway. Hmmm....I guess this falls into out motto. Go like hell till you can’t!

    https://www.wsj.com/articles/photos-a-flock-of-ferraris-1438701662
     
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  18. ross

    ross Three Time F1 World Champ
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    thats about $2.4
    any further detail on that car? or a link?
     
  19. Prancing 12

    Prancing 12 Formula 3
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    The long way home
  20. willcrook

    willcrook Formula 3

    Feb 3, 2009
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    I've seen that car, it looks incredible.

    dk have an incredible reputation here in the uk and an extremely wealthy client base

    I know people who have popped in there on their way back from a trip and impulsively bought cars without checking the market etc for instance
     
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  21. ross

    ross Three Time F1 World Champ
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  22. ttforcefed

    ttforcefed F1 World Champ
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  23. ross

    ross Three Time F1 World Champ
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    yea, those are the prices with premium added
     
  24. joe sackey

    joe sackey Five Time F1 World Champ
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    That well-maintained F40 had just 1 owner from new! That's exceptionally rare 30-plus years later, it's almost unheard of today.
     
  25. PAUL500

    PAUL500 F1 Rookie

    Jun 23, 2013
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    Ok, so you sell your prized F40 that you purchased a number of years ago, and as a result make a healthy profit, and in a rising market it makes no financial sense to replace it further down the line with another of similar condition/mileage etc

    So what do you buy instead from that from that bulging bank balance that gives you the equal or even better buzz when opening the garage door that the F40 has given you for all these years?

    This is a genuine question for those thinking of cashing in, yes it is nice to make a few quid but the downside is you then no longer own an F40 for the rest of your life, what cars out there are the go to replacements for an F40?
     
  26. willcrook

    willcrook Formula 3

    Feb 3, 2009
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    It depends on someone’s circumstances
    People pass away and their children inherit cars, they might not even have a driving licence or any interest in motoring.

    f50’s used to be a lot cheaper too, if you happened to buy one at the cheapest time and store it then fall on hard times then it’s worth selling (especially at 4m) at these prices you could invest 3m which could give you a very good monthly income and still have a 1m budget which would give you the option of buying so many nice cars
     
  27. Marcel Massini

    Marcel Massini F1 World Champ
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    You forgot the taxes which will eat up up to 50%, depending on your situation.
    4 M will then suddenly be 2 M.

    Marcel Massini
     
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