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

[Erik Nielsen (judge4re]

Let's see, best investment was my marriage followed by my education.
Both allowed me to pick up a de Kooning, a couple of Miros, some stuff
that Breuer and Corbusier did in the 20's and three piece of shit
expensive Fiats. The art and furniture have been better investments,
its not like you have to change the timing belt on a painting...

On 3/15/09, Dan Warlick <edwf430 [at] att.net> wrote:
> I  think I'm going to be sick............ One word...... Lose-o........
>
>
> ----- Original Message -----
> From: "Rick Lindsay" <rolindsay [at] yahoo.com>
> To: "Daniel" <edwf430 [at] att.net>
> Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
> Sent: Sunday, March 15, 2009 3:18 PM
> Subject: Re: [Ferrari] Best investment of the last 10 years????
>
>
>
> 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
>> _________________________________________________________________
>> To unsubscribe or modify your subscription options, please
>> visit:
>> http://lists.ferrarilist.com/mailman/options/ferrari/cavallino_rapante%40yahoo.com
>>
>> Sponsored by BooyahMedia.com
>> and F1 Headlines
>> http://www.F1Headlines.com/
>>
>>
>>
>>
>> _________________________________________________________________
>> To unsubscribe or modify your subscription options, please
>> visit:
>> http://lists.ferrarilist.com/mailman/options/ferrari/rolindsay%40yahoo.com
>>
>> Sponsored by BooyahMedia.com
>> and F1 Headlines
>> http://www.F1Headlines.com/
> _________________________________________________________________
> To unsubscribe or modify your subscription options, please visit:
> http://lists.ferrarilist.com/mailman/options/ferrari/edwf430%40att.net
>
> Sponsored by BooyahMedia.com
> and F1 Headlines
> http://www.F1Headlines.com/
>
> _________________________________________________________________
> To unsubscribe or modify your subscription options, please visit:
> http://lists.ferrarilist.com/mailman/options/ferrari/judge4re%40gmail.com
>
> Sponsored by BooyahMedia.com
> and F1 Headlines
> http://www.F1Headlines.com/
>