Re: Need group wisdom on pricing for 2007 F430
From: Brian E. Buxton (BrianBuxtonBuxtonMotorsports.com)
Date: Sun, 7 Feb 2010 11:53:10 -0800 (PST)
Problem is your looking at it as if it were only a watch. Or at a Picasso as only a painting. Or a $10,000 Hot Wheels as a kids toy. At that level it's an investment. Something rare and valuable that will appreciate. Something better than a stock 1. because it's insured and if destroyed, you will at least break even on it (or make $); 2. it's something you can enjoy and use while you own it; and 3. it's something that will be valued by others in the future and will continue to appreciate. So this is less sane that someone paying $150,000 for an F430 that you also put gas into, maintain, insure, store, AND sell 3 years later for $100,000?

Brian



Mike Fleischer wrote:

But Why the hell?

Its a bitty piece of jewelry? Christ are the uber-wealthy that bored? Really? Seriously big time douchebag territory for someone who would spend that kind of money on something so meaningless. This makes even less sense as people paying 1 million dollars for a comic book, or 10 grand on a hotwheels car to me. Seriously insanity I say! I am going to see if I can trade my Patek Phillipe replica for a 308 kit car! Heck I may even try for an F40 kit car!

Erik Nielsen wrote:
http://www.christies.com/LotFinder/lot_details.aspx?from=searchresults&intObjectID=5130651&sid=fa50265f-518f-4af0-bf1e-35e788fc3e21

That's not a typo, it's about 2 F40's in today's prices...


On Sun, Feb 7, 2010 at 12:16 PM, Brian E. Buxton
<BrianBuxton [at] buxtonmotorsports.com> wrote:
A lot of watches will hold their value much better than a Ferrari, and
won't break as often.  So when it appreciates you can buy another
Ferrari, that has been depreciating!

=)

B


Mike Fleischer wrote:

Ah well,

I can get you several of those (at least close enough to fool most)...
I have one myself that I picked up in Shenzhen.  Admittedly tougher to
bring these into Europe (I am told the fines are quite large).  But it
wouldn't cost you a 308 either :)

But I have to say anyone who wants to trade their sports car in for a
watch (even if it were a Miata), is just not a car enthusiast.  Sorry
Erik.  I never will understand the "more money than sense watches"  any
more than I get the whole Vertu business model.  I see the appeal of a
Ferrari, all of the ones I have driven have unique sounds and driving
persona that makes you want to push it a bit harder everytime you get
behind the wheel, and no question they look amazing just sitting still,
but to exchange that experience for a piece of jewelry?  Blasphemy I say!

Mike




--

Brian E. Buxton, President



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--

Brian E. Buxton, President



Buxton Motorsports, Inc. <http://www.buxtonmotorsports.com>

301 North Royal Ave.

Buxton Plaza

Evansville, IN 47715-2866

(812) 476-2281 x 209 office

(812) 760-5513 mobile



Member ThaList.com <http://www.ThaList.com>



President, Brian Buxton Enterprises, Inc. <http://www.buxtonmotorsports.com/storage-transportation.php>

Nationwide Enclosed Auto Transportation



Founder & Past President

SO. IN Region PCA

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