Ferrari Mailing List: Re: prices

[Martin Stark (mstark]

I converted it to text.  It's not beautiful, but it's readable:

MERCATO

SCOTTSDALE SEES MORE RECORDS -NO END IN SIGHT?

REPORT FROM AUCTION EXPERT RICK CAREY

There seems to be no lack of money to chase the best Ferraris,
those with good provenance and low build numbers. But is it
reaching a point where the best cars are hard to come by?

After the Ferrari-based
excitement of Monterey and its
eye-opening sale by RM of the
275 GTB/4 NART Spyder, sin
10709, for $27.5 million, the
January auctions in "Scottsdale"
Arizona, seemed to offer little
comparable excitement.

To jump to that conclusion
would be a mistake, but amid
the clutter and market noise following
Monterey, it took some
introspection, and dramatic transactions
engineered by several of
the Scottsdale auction companies,
to recognize it.

FERRARIS AT THE SCOnSDALE AUCTIONS -JANUARY 16-19, 2014••• COMPILED BY RICK CAREY
Lot # Year Madel Chassis # Character Condition Result With Commission

Bon ams Scotts a e -1/16/2014
107 1976 308 GTB Fiberglass 19579 Unrestared original -2 Sold $104,000 $114,400
112 1966 275 GTB/6C 08327 Older restoration 3+ Sold $2,400,000 $2,640,000
124 1990 Testarossa 87096 Unrestored original 2 Sold $81,000 $89,100
157 2010 599XX Coupe 170902 Competition car, original as-raced 2 Not Sold $920,000
162 1968 330 GTC 11247 Older restoration -2 Sold $730,000 $803,000
173 1951 212 Export Coupe 0088 E Competition restoration 2+ Sold $2,900,000 $3,190,000
176 1967 330 GTC 9983 Visually maintained, largely original -3 Sold $600,000 $660,000
191 1988 328 GTB 78714 Unrestored ori inal 3+ Sold $75,000 $82,500
RM Arizona -1/17/2014
16 1967 275 GTB/4 10257 Not evaluated Not Sold $2,850,000
19 1972 Dina 246 GTS 04268 Not evaluated Sold $320,000 $352,000
82 1990 F40 87085 Unrestored original -2 Sold $850,000 $935,000
86 1966 330 GT 2+2 Series II 8251 Visually maintained, largely original -3 Sold $280,000 $308,000
89 1963 250 GT/llusso 5215 GT Recent restoration 2+ Sold $2,225,000 $2,447,500
100 1966 275 GTB 08349 Older restoration -2 Sold $1,650,000 $1,815,000
104 1995 F50 104121 Not evaluated Sold $1,500,000 $1,650,000
106 1973 365 GTB/4 Daytona 16355 Visually maintained, largely original -2 Sold $505,000 $555,500
110 1966 275 GTS 08353 Cosmetic restoration 2 Sold $1,350,000 $1,485,000
112 1958 250 GT lWB California 1055 GT Older restoration 2 Sold $8,000,000 $8,800,000
126 1986 328 GTS 62781 Unrestored original 2 Sold $120,000 $132,000
Gooding Scottsdale -1/18/2014
7 1985 288 GTO 52475 Visually maintained, largely original 3+ Sold $1,275,000 $1,402,500
11 1971 365 GTB/4 Daytona 14643 Cosmetic restoration 3+ Sold $590,000 $649,000
14 1956 410 SA Series I Coupe 0475 SA Visually maintained, largely original 3+ Sold $3,000,000 $3,300,000
25 1973 246 GT "Chairs/Flares" 04946 Recent restoration 2 Sold $430,000 $473,000
29 1961 250 GT Coupe Speciale 2821 GT Recent restoration 2+ Sold $2,150,000 $2,365,000
39 1958 250 GT Cabriolet SI 0791 GT Cosmetic restoration 3 Sold $5,600,000 $6,160,000
43 1979 512 BB Berlinetta 27167 Visually maintained, largely original 3 Sold $170,000 $187,000
50 1972 365 GTe/4 15773 Visually maintained, largely original 3 Sold $225,000 $247,500
58 1966 330 GTe 9237 Withdrawn
107 1966 330 GT 2+2 Series II 8551 Cosmetic restoration 3+ Sold $270,000 $297,000
109 1973 Dina 246 GTS 05724 Recent restoration 2+ Sold $390,000 $429,000
111 1967 330 GTe 10801 Cosmetic restoration 3+ Sold $635,000 $698,500
128 1952 212 Inter Coupe 0257 EU Recent restoration 2+ Sold $1,625,000 $1,787,500
149 1967 330 GTS 9343 Unrestored original -4 Sold $1,875,000 $2,062,500
152 1972 Dina 246 GT 03978 Cosmetic restoration -2 Sold $265,000 $291,500
156 1966 275 GTB 08729 Cosmetic restoration -2 Not Sold $1,650,000

Barrett-Jac son Scotts a e -1/19/2014
124 1988 Mondial Convertible 74663 Not evaluated $29,000 $31,900
663 1982 400i 36879 Not evaluated Sold $24,000 $26,400

825.1 1998 355 Spider 111072 Unrestored original 2 Sold $59,000 $64,900

827.1 1989 328 GTS 82932 Unrestored original 2 Sold $59,000 $64,900
1059 2004 360 Modena Spider 137502 Not evaluated Sold $98,000 $107,800
1087 2003 360 Modena Convertible 135541 Not evaluated Sold $77,000 $84,700
1309 2007 F430 Spider 156490 Not evaluated Sold $150,000 $165,000
1315 2000 360 Modena Coupe 120193 Not evaluated Sold $70,000 $77,000
1628 1990 Testarossa Coupe 84824 Unrestored original 3+ Sold $65,000 $71,500
5072 1991 F40 87589 Modified restoration 2 Sold $675,000 $742,500
5073 2013 458 Italia Spider 190784 Unrestored original -2 Sold $295,000 $324,500
5074 1986 Testarossa Convertible 65417 Original, with non-original items 3+ Sold $67,000 $73,700
5080 1998 F300 Formula 1 183 Restricted access, not viewed closel 2 Sold $1,700,000 $1,870,000
Russo an Stee e Scotts a e -1/19/2014
F445 1999 360 Modena 117308 Not evaluated Sold $66,000 $72,600
F450 1999 355 F 1 Spider 115077 Not evaluated Sold $53,350 $58,685
F472 1998 355 GTS 110491 Not evaluated Sold $51,700 $56,870
F490 1991 348 TB 90679 Not evaluated Sold $40,700 $44,770
F501 1985 308 GTSi QV 54481 Unrestored original 3+ Sold $34,100 $37,510
F503 1985 308 GTSi QV 56583 Not evaluated Sold $30,800 $33,880
F565 1998 F355 Spider 112861 Not evaluated Sold $71,000 $78,100
S607 1985 Mondial Spider 57303 Not evaluated Sold $22,550 $24,805

66



MERCATO

PARIS SEES A POSSIBLE PAUSE

The milestone Scottsdale
ansactions were notable:


• RM's sale of 250 GT LWB
California Spyder, si n 1055 GT,
!or $8.8 million, the top price
ever at the Scottsdale auctions;
• Gooding's unexpected result
for 250 GT Cabriolet Series I,
sin 0791 GT, for $6,160,000.
Largely original cars continued
to attract attention bordering
on irrational:

• Three unrestored 328sRM's
328 GTS sin 62781 , for
$132,500 (9,079 miles), BarrettJackson's
328 GTS, sin 8293 2,
(10,883 miles) for $64,900 and
Bonhams' 328 GTB, si n 78714,
(7, 133 miles) for $82,500;
• Bonhams' 308 GTB vetroresina,
si n 19579 (13,866 miles)
for $114,400; and,
• Gooding 's fire damaged,
filthy 330 GTS, si n 9343, for
$2,062,500.
Auction lightning can still
strike, apparently, and nowhere
was it more evident than w ith
Barrett-Jackson's sale of 1998
F300 Formula One, si n 183,

a T-car with no race history.
It was sold by RM in London
in 2012 for $644,440, then offered
in November at the Motostalgia
Auction in Austin, Texas
during USGP weekend with a
reported high bid of $900,000.
It brought $1.7 million hammer,
$1,870,000 with commission at
Scottsdale, a price that defies
comprehension.

Barrett-Jackson's sale of the
"Gas Monkey Garage" rebuilt
F40, sin 87589, for $742,500
is mentioned without further
comment.

The five main Arizona auctions
-Bonhams, RM, Gooding,
Barrett-Jackson and Russo and
Steele -saw a grand total of
$252,726,909 change hands
for 1,889 cars sold out of 2,151
offered. The aggregate 87.9%
sale rate was heavily influenced
by Barrett-Jackson, which sold
all but four of the 1,403 lots offered.
Overall, the five auctions
were up 11.7% from 2013, and
38.5% from 2012.

Individual auctions' perform


ance varied widely from last
year, notably Bonhams with
$23.5 million in sales, up 74.4%
from 2013, Russo and Steele
with $23.3 million, up 44.9%
from last year and RM with
$45.6 million in two days, up

25.1 % from last year's one-day
sale. Barrett-Jackson was up a
creditable 8.2% to $111 million.
With $49.4 million, the week's
second-highest auction total,
Gooding slipped 14.4% from last
year's rather breathtaking $57.7
million.
Ferraris, as usual, made up
much of the auctions' totals with
51 of 54 sold (94.4%) for
$50,436,320, an even 20% of
the week, an increase in the Ferrari
concentration of four points
from last year's $36.1 million and
16% of the aggregate transactions.
Fourteen Ferraris brought
hammer prices of $1 million or
more, 42.4% of the 33 million
dollar lots in Scottsdale this year.
Their values [were thus] totaled
$40,975,000, 50.4% of the million
dollar cars ' $81.2 million

total, and once again capturing

the week's top sale w ith RM's
California Spyder, sin 1055 GT,
at $8.8 million.

The market's appetite for million
dollar cars shows no sign of
slackening but, as mentioned
earlier, there is a fascination with
unrestored, and particularly dilapidated
barn finds, cars that
are capturing serious money. The
dreaded phrase, "You can't pay
too much, only too soon" is turning
up more and more to explain
(justify?) transaction results that
challenge credibility. It would not
be unreasonable to hypothesize
that this attitude is the way bubbles
are blown up.

But even Ferrari prices pale
in comparison with the $19 billion
Facebook paid for revenueless
messaging application
Whatsapp, named after an old
Budweiser ad's tag line. We
might legitimately ask the same
guestion, "Whatsup?" about the
collector car market's continuing
strength .

FERRARIS AT THE PARIS AUCTIONS -FEBRUARY 5-8, 2014•••
COMPILED BY ARNAUD MEUNIER & OLIVIER BIDAUD
Lot # Year Model Chassis # Result With Commission
Artcurlal, Retromobile -2/7-8/2014
319 1964 330 GT 2+2 Coupe 5831 Sold $150,280
321 1953 166 MM/53 Oblin Barchetta 0300 M Unsold $3,623,977
338 1958 250 GT Coupe Pinin Farina 0997 GT Sold $530,839
339 1964 500 Superfast Coupe 5981 SF Unsold
340 1985 156/85 Formula 1 086 Unsold
344 1974 365 GT4 Berlinetta Boxer 17993 Sold $353,893
348 1970 365 GTB/4 Daytona Coupe 13313 Sold $579,097
356 1986 Testarossa 66783 Sold $69,170
357 1962 250 GTE 2+2 Coupe 3903 GT Sold $450,409
358 1991 F40 89889 Sold $870,255
359 2004 Enzo 137339 Unsold
427 1968 365 GT 2+2 Coupe 11675 Sold $244,508
Bonhams Grand Palais Sale -2/6/2014
367 1968 275 GTB/4 Berlinetta 10905 Unsold $3,082,152
394 1965 330 GT 2+2 Series I 7059 Sold $223,693
408 1984 126 C4 M2 Formula 1 072 Sold $671,080
424 1989 Mondial QV Coupe 75445 Sold $39,945
425 2003 456 M GT Coupe 130508 Sold $89,477
426 2004 575 M Maranello Coupe 137515 Sold $87,879
429 1978 308 GTB Berlinetta 26007 Sold $47,934
430 1981 308 GTSi Berlinetta 35421 Unsold
442 1978 400 GT Automatic Coupe 24705 Sold $30,358
443 1984 Mondial QV Coupe 50997 Sold $22,369
RM Auction, Invallcles -2/5/2014
8 1970 365 GT 2+2 12861 Sold $157,43 1
12 1974 365 GT4 Berlinetta Boxer 18159 Sold $251 ,140
21 1971 Dino 246 GT 02572 Unsold bid to $227,579
27 1955 750 Monzo Spyder by Scaglietti 0498 M Sold $2,623,852
44 2010 599XX 170354 Unsold bid to $903,623
45 1990 F40 82727 Sold $689,698

ft~~MI~ IN ~A~I~ L01(,

REPORT FROM YOUR STAFF

Big Ferraris do well, but plain
vanilla ones continue to struggle.
What's ahead?

Paris was a mixed bag,
which, if nothing else, showed
that great cars were becoming
hard to come by for the auction
houses. There were some blockbusters
here, but they were surrounded
by definite filler, Ferraris
that were built in great numbers
and which will take years to appreciate.
Many barely made reserve
and traded at the low end
of their historic range. But the
$3.6m for the 166 Oblin was
expected, and the $3.1 m for the
4-cam was not unexpected. But
the big surprises were the $.5 for
a PF Coupe, $.35 for a Boxer,
$.45 for a GTE 2+2, and $.25
for a 365 GT 2+2. Formula One
Ferraris are making a comeback
in the auction market, but they
are a tough sell, given the lack
of parts and the continual upkeep.

67




On 4/18/2014 1:41 PM, clyde romero wrote:

I tried it will not work

 

 

In victory you deserve Champagne

In defeat you need it!

 

   

 

 

Scars are tattoos with better stories!

 

Clyde Romero

Clyderomerof4 [at] bellsouth.net.          

678  6419932

 

Confidentiality Notice:  This e-mail ( including attachments ) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the persons or entity to which it is addressed, and may contain confidential or privileged material.  Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.

 

 

From: Martin Stark [mailto:mstark [at] copper.net]
Sent: Friday, April 18, 2014 1:40 PM
To: clyde romero
Cc: The FerrariList
Subject: Re: [Ferrari] prices

 

You can try imbedding it in the body of the email rather than attaching it. 

On 4/18/2014 1:33 PM, clyde romero wrote:

Ok I have tried to send the prices I have scanned several times and they have not shown up on the list

What do I need to do?

 

In victory you deserve Champagne

In defeat you need it!

 

   

 

 

Scars are tattoos with better stories!

 

Clyde Romero

Clyderomerof4 [at] bellsouth.net.          

678  6419932

 

Confidentiality Notice:  This e-mail ( including attachments ) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the persons or entity to which it is addressed, and may contain confidential or privileged material.  Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.

 

 

_________________________________________________________________

To unsubscribe or modify your subscription options, please visit:

http://lists.ferrarilist.com/mailman/options/ferrari/mstark%40copper.net

Sponsored by BooyahMedia.com 

and F1 Headlines

http://www.F1Headlines.com/