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The Finest...

Discussion in '456/550/575' started by MogulBoy, Jun 11, 2016.

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  1. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    Two really great Maranellos being auctioned today at Hershey.

    A NART blue 550 and a 575M.

    The Finest Automobile Auctions

    Haven't been able to work out how to watch it live yet...
     
  2. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    Live video now at the above link...

    575M is lot 111
    550 is lot 138
     
  3. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    575M carried an estimate of $295,000 - $350,000 but passed at $220k..
     
  4. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    The 550 passed at $175k

    Only 17 users viewing online according to eBay.

    I found the auctioneer to be quite irritating but a surprisingly poor result all the same.
     
  5. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
    42,720
    ESP
    Full Name:
    Bas
    IMO they where both too high. Was going to ask how many miles the 550 did as I couldn't find it. Unless it was under <2000 value was way too high.
     
  6. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
  7. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    This car hits the auction block for a second time later today.

    Live stream available here starting at 3pm MDT (Colorado Springs) e.g. GMT-6hrs.

    The Finest Automobile Auctions

    It's lot no 152 out of 161 (starting with lot no 100 of course!) so perhaps around 6pm MDT...

    ESTIMATE: $195,000 - $210,000 USD

    The Finest Automobile Auctions
     
  8. Bluebottle

    Bluebottle F1 Veteran
    Silver Subscribed

    Oct 15, 2012
    8,530
    Newbury, Berkshire, England
    Full Name:
    John
    Interesting. So if it fails to meet the reserve, they try again? And if it fails second time around?
     
  9. sdematt

    sdematt Karting

    Nov 16, 2015
    216
    Vancouver, Canada
    Full Name:
    Matt
    Damn. That blue on tan 550 is my favourite colour combo on that car. Too bad no quilted luggage rack.
     
  10. 308 GTB

    308 GTB F1 World Champ
    Rossa Subscribed

    Feb 7, 2002
    11,719
    New Jersey
    Full Name:
    Barry Wolinsky
    One less piece of leather to shrink.
     
  11. sdematt

    sdematt Karting

    Nov 16, 2015
    216
    Vancouver, Canada
    Full Name:
    Matt
  12. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,361
    Eastdown
    Full Name:
    Darius
    #12 Themaven, Sep 17, 2016
    Last edited: Sep 17, 2016
    Auction is right now. Missed the 575 but the 550 is upcoming. Auctioneer sounds
    like he's from Yorkshire. I guess that must play well in Colorado.
     
  13. ferraridriver

    ferraridriver F1 Rookie

    Aug 8, 2002
    4,152
    Bay Area Calif.
    Full Name:
    Dave
    Sour grapes :p
     
  14. Jürgen Geisler

    Jürgen Geisler Formula Junior

    Jan 16, 2015
    945
    Good old Europe
    Full Name:
    Jürgen
    Had a look at exactly the same colour combination in Italy close to Milano at the end of 2014. Nice car, had quilted leather - strongly shruken, that's what finally turned me off...

    Nart blu fit's the car very well imho.
     
  15. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    I didn't stay up to watch the live stream but hope to see a report from any of you who did?
     
  16. ferraridriver

    ferraridriver F1 Rookie

    Aug 8, 2002
    4,152
    Bay Area Calif.
    Full Name:
    Dave
    No sale at 160 K......
     
  17. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,361
    Eastdown
    Full Name:
    Darius
    Is this auction established/popular/respected on the auction calendar in the US?
     
  18. Bluebottle

    Bluebottle F1 Veteran
    Silver Subscribed

    Oct 15, 2012
    8,530
    Newbury, Berkshire, England
    Full Name:
    John
    #18 Bluebottle, Sep 18, 2016
    Last edited by a moderator: Sep 7, 2017
    That is surprising. Nice looking car, beautiful colour combination (I saw a NART Blu 355 recently and it looks even better in the metal than those photos), low mileage (by most normal people's standards at least). I can understand the owner not being prepared to let it go at that price.
    Image Unavailable, Please Login
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  19. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    The Finest would appear to be a new kid on the block.

    Not much in the way of self-promotion on the website but I found this recent article that explains how they operate - specifically in the 24hrs post sale which is worth a read.

    New Auction House Marries New Technology With Old Business Model, Classic Cars With Cult Cars

    The CEO is Bradely Farrell.

    https://news.classiccars.com/69767/

    It might just be their 2nd event with the June 2016 Hershey sale being the first. The results of that sale are published online; or more specifically, details of the lots that sold are.

    I watched the live stream last time and noted that the 2003 575M (manual) was bid up to $220k and was 'passed'. The estimate range would appear to have been $295k-£350k at that time and the results page now show it as a sale at $265k. Curiously, the lot listing still refers to the estimate range whereas other auction houses tend to redact that information post-sale.

    The Finest Automobile Auctions
     
  20. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,361
    Eastdown
    Full Name:
    Darius
    Interesting article.

    I wonder about Aspen/Snowmass in September as an auction venue. It's a long way from any centres of wealth, Denver/Boulder being the closest, and not part of a big event. Catchment of live footfall includes a lot of mountains and coyotes, and it's not exactly next door to an airport with good links to the big population centres.

    Maybe it doesn't matter, I don't know what % of cars of this value are purchased over the phone/online in the US. I haven't bought any cars sight unseen, even with video. Auction adds extra uncertainty over, say, a dealer with a good reputation. The photography is very good. Would it have sold at an auction in LA or Tri-State...
     
  21. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
    We should have sent special agent Taz up from Albuquerque to investigate. A very nice 800mile round trip, I would have thought!
     
  22. MogulBoy

    MogulBoy Formula Junior

    Sep 23, 2004
    972
    Devon
  23. 166&456

    166&456 Formula 3

    Jul 13, 2010
    1,723
    Amsterdam
    Plus 10% buyers premium. What is the mileage on it and does it have any history?
    I think $176k ought to buy you a nice 550.
     
  24. THE RED MENACE

    THE RED MENACE Formula 3
    Owner

    Jun 24, 2005
    1,378
    Pics show 9300 miles, and it looks like the leather is bubbling on the airbag. I didn't see much in the way of history. Beautiful color though. The 550 market has seemed to cool off somewhat, I know CNC has had quite a few 550's sit in inventory, and ALGAR has had a red 550 for many months now. Correct me if Im wrong, but the market has come back. Where it is now, and how much it will take to buy a nice 550 I have no idea, but they seem to sit for a while now.
     
  25. Bluebottle

    Bluebottle F1 Veteran
    Silver Subscribed

    Oct 15, 2012
    8,530
    Newbury, Berkshire, England
    Full Name:
    John
    Don't coyotes drive Ferraris then?
     

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