Ferrari Mailing List: Re: Ferrari Digest, Vol 118, Issue 19

[Dennis Burleson (d_burles]

Charles:

I read with interest the article published by Michael Sheehan concerning the current values of Ferrari cars and the "exaggerated" prices of today's market and the expected value of those same cars as viewed by the upcoming millennial investors. His introspection, it seems, is that we (the old guys) are going to die off and the upcoming generation could give a big dump less about the cars we value so much.

Having said that, ANY of the old Ferrari cars are desirable to me; unfortunately, I can't afford them. As Clyde says, you need a CNC to keep a supply of parts available. But, they are basically mechanical machines. They can be fixed. Who knows what will be necessary to keep the newer stuff running. Perhaps an electronics lab?

Back to the purchase pricing of our current market. Again, as Clyde says, "buy it and drive the paint off it!" In 2016, is a Ferrari BB worth the money? Most all the cars currently listed are, in my opinion, overpriced. But, that's what keeps the Ferrari market alive. I think the market will crash again, much like what happened in the post Enzo era. The car values will fall back, but if one can weather the depreciation, the prices should rebound again (in 10 years?). That's assuming that there is no market crash, no terrorist attacks, no dinosaur depleting asteroids, no Revelation depicted prophetic end of days.

Unfortunately, I think that most of the pristine, low mileage, fully documented Ferraris that come and go at the high end sales will probably end up in a private collection where they are, unfortunately, never driven to their capabilities or limits. They become museum pieces. Speaking for Clyde, I think that one looking for art would prefer a van Gogh; If you want a Ferrari, please be prepared to drive it.

My humble opinion. Regards to all

DB

On Monday, May 16, 2016 6:16 AM, "ferrari-request [at] ferrarilist.com" <ferrari-request [at] ferrarilist.com> wrote:

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Today's Topics:

  1. One for FG, Several for cLyDe (Charles Perry)


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Message: 1
Date: Mon, 16 May 2016 03:20:52 +0000
From: Charles Perry <charles [at] carolina-sound.com>
To: "'ferrari [at] ferrarilist.com'" <ferrari [at] ferrarilist.com>
Subject: [Ferrari] One for FG, Several for cLyDe
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    <228C6E1BCD60FC4BAB9722FD5F3C96F11CA34F49@CSC-SBS7-SRVR.CarolinaSound.local>
   
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FG, know how you love the Jotas:

http://www.rmsothebys.com/mc16/monaco/lots/1995-lamborghini-diablo-se30-jota/1079713

Some pretty crazy Ferrari transactions too:

http://www.rmsothebys.com/mc16/monaco/results/

cLyDe - Please see the 550 Barchetta selling price, the 575 SuperAmerica and maybe the Dino 206GT. I await your diatribes with huge anticipation!  :)

Really wish I'd bought the 512BBis I was looking at when I instead bought the 355. They were mid 80's at the time.

I also would REALLY have liked to have this, although I don't think I would've gone $13k+ for it:

http://www.rmsothebys.com/mc16/monaco/lots/formula-1-champions-signed-helmet/1078682




[Sig - CSC]

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