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

[Michael James (cavallino_rapante]

There's always the alternative - keeping the car, driving it, and making 
personal memories with it.  You can't put a pricetag on that investment.
 
M

--- 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: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: ferrari [at] ferrarilist.com
Date: Sunday, March 15, 2009, 5:17 PM


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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