Ferrari Mailing List: Re: Best investment of the last 10 years????

[Rick Lindsay (rolindsay]

I've bought two 'collectable' cars since the economy went into the toilet.  The 
first was when Dave Craig gave me the opportunity to buy back the '83 Mondial I 
sold him a decade earlier, the same car I originally bought from Matt Boyd.  
The second car is a 1962 Triumph TR3b, which I bought about two weeks ago.  I 
got a tiny little bonus last February - part of my annual compensation, not a 
performance-based thing - and I took it to the bank.  They offered 1-1/4 
percent in the best case scenario.  Instead, I bought this original TR3b for 
about half of wholesale value.  In two years we'll see if it beats 1-1/4 
percent per year.  In the mean time, IT'S FUN!

regards,

Rick

--- On Sun, 3/15/09, Michael James <cavallino_rapante [at] yahoo.com> wrote:

> From: Michael James <cavallino_rapante [at] yahoo.com>
> Subject: Re: [Ferrari] Best investment of the last 10 years????
> To: "rolindsay" <rolindsay [at] yahoo.com>
> Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
> Date: Sunday, March 15, 2009, 10:36 AM
> 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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