the F40 is undervalued

Not the first marquee car "sold" on Collecting Cars that is still available...

 

In reality there are only a handful of non original F40 out there compared to the actual number produced.

Less desirable examples used to become LM clones back when the cars were way more affordable, that stopped some time back when it made more sense to tidy them up instead and go the Classiche route to expunge the sins of the past.

Those LM type cars (mainly from Japan) may well now become donors for Liberty Walk type conversions for the new generation of F40 buyers.

I don't see them using standard cars, the numbers would not add up.

 

85308 with 9500km (5900 miles) on it sold at RM today for €1.7m (hammer) which equates to $1.855m.

 

There's a market for anything including Franken F40s, but it's rarely an educated one, case in point the Gas Monkey F40, when it was first was put up for auction in 2014 it was bid up to an astonishing-for-what-it-was $742,500, but just a year later sanity prevailed and in 2015 it changed hands again for $643,500 a $100,000 or loss in value underscoring the point. This car is no different and the educated market sees it at around $1m less than it sold for regardless of what someone wants to feel free to pay. Meanwhile Bravo to the man who purchased it, I hope he tracks it, rallies it, and makes lots of YouTube videos with it.

If it was also a rare original Lexan Sliding Windows car, there'd be special interest.

I don't preach anything, what I've always said is, you have to take assess any market completely, and where F40s are concerned, this means public auctions, private sales, showroom sales etc,

Correct.

1990 Ferrari F40 ZFFGJ34B000085308 with 9,538 kilometers (5,927 miles) https://rmsothebys.com/en/auctions/pa23/paris/lots/r0083-1990-ferrari-f40/1319376 hammered for 1,700,000 Eu which means all-in at $2,099,989 yet again underscoring the trend.

 

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It sold $200,000 - $700,000 below estimate.

 

and it sold exactly for the amount it sold for in nov 2022
https://www.classic.com/veh/1990-ferrari-f40-zffgj34b000085308-pgN3VVW?tab=history
not sure why they though it wld have appreciated since nov

 

True.

I'm just saying it sold $200k - $700k below estimate this time.

 

Early Lexan Sliding Windows F40 we have sold into an amazing USA Ferrari Supercar collection, the Holy Grail of road-going F40s.

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from the description:
" a repair was carried out to the body panel beneath the passenger side rear quarter window, along with the offside rear corner. Importantly, the body is noted as having its original panels in the accompanying Ferrari Classiche certification and during a recent inspection the matching body numbers were found on the front and rear clams, and the doors."

 

So after the seller pays the commission (8% at RM I believe) he’ll net $1,598,000. The friction costs of these cars at auction is substantial and it seems sellers always want to point to full gross and buyers actual net when referencing these “comps”.

 

i was told i can post the price of the Toto car - sold for 2.65M Euros

 

That’s a nice result for a 5k car.. 3.3 million USD.. this is pretty much market correct for a great car., mileage and provenance is key.
These will be 5 million in the not to distant future

 

Found this for the car that sold today
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"Sold" in November...

 

Indeed, that said a number of realistic sellers with no appetite for the auction spread will sell privately in the high $1ms as I've noted before.

Paul how do you compute 2,650,000 Euros as sold by TJH a dealer to be $3,300,000 when it's in fact $2,911,120?

 

I mistyped- 2.65 sterling, not euros.

 

That makes sense.

 

Sorry Joe, the car sold in GBP, so I rounded it up.. more like 3,287 USD, I did not think my math was that bad.
A nice number for a nice car.

 

Was there any mention of the repaired damage or additional eu duties applicable when it recently "sold" on collecting cars?

 

I’m not sure but that info was publicly available the last time the car was at one of the bigger auctions. If you google the vin you will find it.

 

No argument here. This is not a car I would ever consider nor do I think it sold correctly. However, I see results all the time that make no sense to me and wonder what perspective the buyer (and underbidders) had that made them view it so differently. It’s more for curiosity than anything else. As a hobby, the market can be fascinating and at the end of the day it’s a merely a source of entertainment for me.

 

i cant find the previous auction listing for this car - it is mentioned here for this auction
https://radical-mag.com/en/2022/09/27/ferrari-f40-the-collection/
i think this is the same car as well: https://simonfurlonger.co.uk/cars/show.php?id=1241&p=100&page=1&srt=price%20DESC

 

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Car above is non cat non adjust? Any info on the overall car?