Ferrari Mailing List: Re: "A Rough Ride in Collectible Cars"

[LS (lashdeep]

So this means the ridiculous run up of higher end cars has slowed to a more 
regular place?

A Daytona Spyder that failed to make it's over-inflated, seller initiated 
"market price" at Monterey?

Maybe because it really wasn't worth that much anyways?

What's the 5 yr appreciation on prices on these cars? It's not negative, that's 
for sure. Has the slope of the increase changed? Probably...

Looks like the brokers are looking to lowball a lot of current sellers and 
taking advantage of the economy scare.

LS



----- Original Message ----
From: Larry B <larrybard [at] hotmail.com>
To: LS <lashdeep [at] yahoo.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Sent: Tuesday, November 25, 2008 4:03:02 PM
Subject: [Ferrari] "A Rough Ride in Collectible Cars"


In case anyone would like to read the article, which begins:

"For some, the first sign of trouble was a Daytona Spyder.

"When one of these rare early-1970s Ferrari sports cars turns up at an auction, 
high-end collectors typically bid aggressively, even fiercely, to acquire it. 
But at a recent sale in California, one Spyder failed to fetch the minimum bid.
In recent years, the vintage car market has soared, led by the priciest 
European models. But now, as the economy worsens to the point where even the 
wealthiest collectors feel pinched, demand for million-dollar sports cars is 
starting to skid."

http://online.wsj.com/article/SB122757588574055233-email.html
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