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

[Peter Rychel (dino308gt4]

The only exception to what you said cLyDe are the Asian millienials here in Vancouver driving all of the latest and greatest.

A visit to the UBC (University of British Columbia) parking lot and you will find a couple of Maclarens, Lambos and yes, the occasional Nissan Skyline GTR!

I'm not joking or exaggerating.

http://universityofbeautifulcars.tumblr.com/page/2

Not necessarily owned by the students, as was explained to me by a fellow Chinese Ferrari club member, that most of the Asian families who have their children attending school here, it simply makes economic sense to buy these cars here in Canada, as they're atrociously more expensive back in China (taxes, taxes, taxes...). The parents aren't here, so who else is going to drive it?

Most people are offended by it, but I couldn't care less. At least it supports a healthy network of dealers and independent shops.

Peter

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From: Ferrari <ferrari-bounces+dino308gt4=hotmail.com [at] ferrarilist.com> on behalf of clyderomerof4 [at] gmail.com <clyderomerof4 [at] gmail.com>
Sent: May 17, 2016 4:04 AM
To: PeterGT4
Cc: The FerrariList
Subject: Re: [Ferrari] Ferrari Digest, Vol 118, Issue 19

 

Guys please take a look around you and see who has the jobs that make that kind of money to buy those cars?

Because that's the market 

It's not the so called millennium crowd 

They are struggling from the recent rescission 

Trying to buy homes 

Raise families 

Just look at the sales of the so called famed Nissan GTR !

In fact look who is going to the car shows!

The bubble isn't about to happen 

It's already here!

That crowd wants value for there hard earned money not some history of a race it won before the Vietnam war!

There are no more poster cars for little boys to grow up and dream about

Remember the  Testarossa   (Sic) poster ?

The Lamborghini poster ?

Even the car magazines have toned it down and kids don't buy them only adults do

We all bought them but ask your nephew or grandson if he does?

In fact the video games don't have cars in them anymore 

They are all first person shooter games 

How do I know I play them with my grandson 

Unless you were fortunate to have a rich relative like Charles or have a father like Eric 

Who has a buy here pay here car lot 

You will not be exposed to these vehicles and you will only see them in the movies!

Ferrari, Lamborghini, McClaren, Maserati  and the like will struggle in the near term 

That's my take on it 

One last word 

Went to the local McClaren dealership the other day 

My old squadron mate bought a 2012 one so I got him a hat

There was one of those 2015 super trick Lamborghini that went for $500 plus there in trade with 3 k miles on it

They gave him $300k on trade for it!

Ah yes the saying is true

A fool and his money is soon parted 

In victory you deserve Champagne

In defeat you need it!

     

Scars are Tattoos with better stories !

If you follow all the rules

You miss all the fun! 

If you have no enemies, you have no character !

Clyde Romero    

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On May 16, 2016, at 10:58 PM, Dennis Burleson <d_burles [at] bellsouth.net> wrote:

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
Message-ID:
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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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