Re: Best investment of the last 10 years????
From: Michael James (cavallino_rapanteyahoo.com)
Date: Sun, 15 Mar 2009 08:36:58 -0700 (PDT)
The folks who trade cars as commodities may see a dip in their investment 
value, or they may not.....its hard to tell how 'hard' the current economic 
times are affecting the super-rich.  They don't advertise gains/losses, and may 
in-fact have such a stockpile of wealth that dropping $5Million+ for a rare 
Ferrari at-auction is still financially viable for many of them.  
 
Unless you are a member of this group, though, I don't see any real value 
whatsoever in tracking their Ferrari spending habits.  There's a new thread 
every other week on FChat regarding the results of some Auction somewhere and 
what everyone thinks or 'feels' about the prices paid....you'll almost never 
read about any names posted regarding who bought what, as this class of people 
keeps their spending VERY private.  So, one can reasonably assume they keep 
their other financial dealings equally private, and don't care for the 
publicity.  There's no real difinitive knowledge regarding the super-wealthy, 
other than they keep buying the cars they want, they keep buying the houses 
they want, etc. as these markets are still strong on the account of sales still 
transpiring for big $$$ today.  
 
Sure, you can 'cut-back' on new-car purchases (they'll always be there when you 
feel comfortable pulling the trigger - Ferrari will just make you one when the 
check clears) but if a one-of-a-kind 250 GT SWB California Spyder with factory 
hardtop, all the right patina/history/provinance is uncovered on some rich 
hermit's barn, that car will ALWAYS find a big buyer for big $$$ because there 
is only one available and it might not 'be there' next week.  The collector 
market is International, and many rare machines are now living in vast European 
stables.
 
M

--- On Sun, 3/15/09, Fellippe Galletta <fellippe.galletta [at] gmail.com> wrote:


From: Fellippe Galletta <fellippe.galletta [at] gmail.com>
Subject: [Ferrari] Best investment of the last 10 years????
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Sunday, March 15, 2009, 3:17 AM


New FORZA just came out with a buyer's guide for the 250 GT line (part
2)....the real playboy 250s this month.

In 1999, if I'm not mistaken you could buy a mint 250 SWB for maybe $500k?
Maybe that super duper SEFAC for $800k? According to the buyers guide, a
steel body ranges now from $2.2M - $3M, whereas an alloy body from $3.5 -
$4.5!!

Of course, the recent economic downturn is being reflected here.....2008
prices peaked at $3M & $4.5M respectively, lol.

Don't know what the basis for these #s are.....how often are they traded
anyways??

Interesting to note the growing disparity between the classics and the new
cars....I just hope the F40s and 288s don't follow the same trend ;)

FG
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