| just a fleshwound!!!
Robert W. Garven Jr.
"The Ferrari is a dream - people dream of owning this special vehicle and for most people it will remain a dream apart from for those lucky few." Enzo Ferrari
Does this change anyone’s mind? http://www.ferrarichat.com/forum/143218504-post15838.html Now we are just guessing – right? I mean if we are actually bidding I couldn’t go more than, um, $47,000,000. Ah ah ah. OK my guess bid - - - $63,500,000 DOUG From: Ferrari [mailto:ferrari-bounces+dnt=dock.net [at] ferrarilist.com] On Behalf Of Stephen Sherman
Sent: Wednesday, July 2, 2014 3:02 PM
To: DOUG
Cc: The FerrariList
Subject: Re: [Ferrari] Official 250 GTO POOL I guess I will throw my guess $56,560,000. As you can tell, having not participated in an auction that goes into the millions, what is the step $1k, 10k, 100k or million. On Wed, Jul 2, 2014 at 3:36 PM, Erik Nielsen <judge4re [at] gmail.com> wrote: They printed more money in QE1 and QE2 John, me thinks the number will be in the 60s. And it will be the second or third sign of the appocolapse, followed by a 30% drop in the S&P500 when people finally realize us Gen-Xers don't have the resources to sustain the boomer's downsizing or their one last hurrahs... It is certainly unusual to see a 250GTO at auction as you would not expect that any seller would ever need to pay the seller's premium no matter how small Bonham's makes it or even if they sold it for free. The list of potential buyers is probably well known and just a whisper into the Ferrari world would bring them all out checkbooks in hand to own one of these and get into the very exclusive club of fewer than 36 members (since Tony Wang still owns 2, I think). This is quite a coup by Bonham's. I will throw my hat into the ring here and say that the winning hammer bid (not including buyer's premium) will be $43.75 million. I would have said a higher number but I think that it might need new tires and an exhaust! :) Who is keeping the list of guesses?
You're right! It's hard for most people to visualize what a billion $$s would be like - i know it is for me - but if a bilionaire wanted a 250GTO, spending $50 mil would be just 5% (as I'm sure everyone here knows) of this discretionary $1 Billion. Which I assume would be earned back in a year or less if invested reasonable well.
Now picture a gates or Buffet with $20 Bil or more (it seems to go up as fast as it goes down) and that $50 mil becomes just .025% of our imaginary $20BB. Which I would assume could be earned back in a month or 2.
Hard to imagine someone dropping $50 mil on a car when it's more than most of us will make in a lifetime or two (or ten). :-)
At least this is how I try to imagine what it might be like to spend $5, 10 or $50 mil on a great car. A 250GTO must be one hell of a car! If anyone wants me to represent them in a auction just say the word. ;-)
I remember when one of the car mags. of the early 60s had a much heralded test between a Pontiac GTO and a Ferrari GTO. By some manipulation of the tests they had the Pontiac on top. Recently, in the 90s sometimes, the editor at the time admitted the Pontiac wouldn't out accelerate the Ferrari unless it had been "pushed off a cliff,." and even then it would have been iffy.
LarryT On 7/1/2014 3:03 PM, Brian E. Buxton wrote: The problem is "that much money" isn't that much money to the people with the discretionary income to buy those types of items. On 7/1/14 1:49 PM, Robert W. Garven Jr. wrote: if I had the money. yes yes yes yes yes "The Ferrari is a dream - people dream of owning this special vehicle and for most people it will remain a dream apart from for those lucky few." Enzo Ferrari Even if you had Warren Buffet money Is the car really worth that type of money? What else could you do with that much coin ? Clyde In Victory you deserve Champagne Is this a straight bid or does it include the buyer's premium? -------- Original message -------- Date:07/01/2014 7:09 AM (GMT-05:00) Subject: Re: [Ferrari] Official 250 GTO POOL But *when* was the 57M sale? Regardless, I'm going to put my guess at 47M. gp
> well since the last one went for 57M I am saying 65M
>
>
> Robert W. Garven Jr.
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