I will post a comment about the book in the thread about the GTO 64 book. And of course, at Instagram (@Buchpilot) as soon as I got it and looked through it.
My Miura #36 shipped directly from the bookbinder - Ludlow Book Binders Ltd Ludlow seem to be the go to binder for many limited or special editions produced by British publishing houses.
I have to correct my answer from a few days ago: Today, FedEx "surprised" me with a three-page invoice and orders me to pay a handling fee and EU VAT, although, as far as I know, books are exempted from VAT ... So, I have to struggle with some red tape now. But that doesn't diminish my joy about the book.
Has the froth gone out of the market for the Miura book? Been watching one on eBay go unsold for past month with no takers at 3500 pounds or has a further 72 Jota books at 4000 pounds settled the market?
I guess that might have have had some impact. Why pay £4k on a standard edition when you can have the more exclusive Jota edition for the same price? Mind you, at paying £4k for a book your Possibly. Why pay £4k for the standard edition when you can get the more exclusive Jota edition for the same price?
Total agreement with what has been said above: I had been among the poor guys to miss the standard edition, and when I was offered the Jota edition at a price significantly below the price tags for the standard edition at that time, I saw that as a kind offer (although it was and will ever be the highest amount of money spent by me for a book). Obviously, all other people chasing the standard edition thought likewise (that is: if they had been offered the Jota edition). I had been in contact with Kidston Motors about the Jota edition for a while to get one.
Maybe once all the Jota editions are sold (if they aren't already?) they will hold their price and be the book worth £4k and the standard ones fall back to a lower level i.e. £2K? Who knows?
Once again another example of why I personally don't buy the special editions of books. Standard was around 500 UK and went as high a ten times that amount. The special edition was around 4,000 UK and if it just doubles in value I'd be surprised. From a purely monetary point of view "Uber editions" just don't make iconic sense to me.
Hi @Rosey , being an owner of the Uber Edition, I totally agree with you: It doesn't make sense to buy one if you are betting on an increase in value. I don't even think that it will sell out in the next one or two years. But it's just about emotion ; -) I really like to take that wonderful leather livery into my hands, as will be the case with the special Schedoni book. And at least, I don't think Uber and Schedoni will depreciate in value. They will hold it and that is a good deal for a start.
Agree, the Uber versions are an emotive purchase. It only makes financial sense to buy the Uber version when the standard one is only available at effectively the same price.
All have sold out now. I was advised to insure for between £5k and £7k. Will be interesting to see if any appear for sale. I think you’re probably right here though.
A number of people are understandably cashing in and I reckon that £3k is par value. The Jota is now sold out and the Register I believe down to about ten percent max left which I feel has sold faster than expected. Give it a year of sorting itself out and then I can see prices improve again.
Sorry, I was mean't to write economic, not iconic. Sometimes I get on this forum late at night and rely too much on spellcheck.
True, buying the special editions is definitely a heart over head decision which I fully understand and respect (after all I do own a Ferrari ). Most good motoring books maintain their original value at the very least, and if they strike a cord in many will increase, so I think your money is safe with those two examples. Similar to current Rolex watches. Most will retain their value, a fair few will double and then you get those rare models that increase 3, 4 or more times in value (that ironically are mostly the cheapest model in their range).
Great idea, I will set one up! Track by CPI, perhaps trend to 10 year bond yield as well, Hagerty may pick up and add to their Market analysis also