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

(continued)

My Lusso is on the market. I could buy another nice house in the Midwest for 

what I'm losing on it if and when it sells.

----- Original Message ----- 

From: "Rick Lindsay" <rolindsay [at] yahoo.com>

To: "Dan Warlick" <edwf430 [at] att.net>
Sent: Sunday, March 15, 2009 5:07 PM
Subject: Re: [Ferrari] Best investment of the last 10 years????

 ???

--- On Sun, 3/15/09, Dan Warlick <edwf430 [at] att.net> wrote:

From: Dan Warlick <edwf430 [at] att.net>
Subject: Re: [Ferrari] Best investment of the last 10 years????
To: "Rick Lindsay" <rolindsay [at] yahoo.com>
Cc: ferrari [at] ferrarilist.com
Date: Sunday, March 15, 2009, 3:58 PM
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
>
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Re: Best investment of the last 10 years????	<– Date –> <– Thread –>
From: Dan Warlick (edwf430att.net)
Date: Sun, 15 Mar 2009 14:17:07 -0700 (PDT)