Re: CNBC | <– Date –> <– Thread –> |
From: LSJ (lashdeep![]() |
|
Date: Fri, 27 May 2016 11:54:10 -0700 (PDT) |
1. More rich people now
2. Most new exotics suck
3. Speculators in the market who don't necessarily use the cars but are buying multiples at a time.
4. Currency devaluation
LSJ
central
wines-spirits est 1934
625 e street nw
washington, dc 20004
202-737-2800
From: Fellippe Galletta <fellippe.galletta [at] gmail.com>
To: LS <lashdeep [at] yahoo.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Sent: Friday, May 27, 2016 2:27 PM
Subject: Re: [Ferrari] CNBC
The thing that gets me is that I remember in the early days of the list a TR was about 60k, and an early Countach was about 50k....certainly no more than 80k for a good QV, maybe the early LP400 was a six figure car.
With no more being built at that point in the late '90s, how is it really any different then than now? These have all been used cars since '89-'91.
Even if you skip over to around 2005, they still were low in price -- that's if you needed more time away from the end of those production runs which admittedly weren't even ten years old in the early list days (scary to think about now).
What was the enthusiast missing in 1997 that is so clear now? Mind you, we're talking about people like us not the average car enthusiast who only likes cars for speed and the simple quantifiable thrills.
You could argue that indeed these cars are all worth mega bucks...$200k TR, $600k Countach because the only reason they are really worth anything at all is for all of the intangibles.
But if that's the case, then why did we have them for such super bargains not so long ago?
The common narrative I've read is that with the advent of new exotics that are far more video game like than one could imagine, there's been a run on older cars.
However, that seems too extreme for me to believe.
What I think happened is this:
The softer, more casual enthusiast finally became hardcore the last few years.....and now there's been a spike in demand.
I've monitored ferrari chat, lambopower the last decade.....and I've noticed some guys who hated the older cars now do a 180.
I wouldn't say they've become clones of REAL enthusiasts, but enough so that they effectively are, market wise.
FG
On Fri, May 27, 2016 at 1:10 PM, <clyderomerof4 [at] gmail.com> wrote:
CNBC today had a Ferrari TR and Countach and a 1988 BMW M3 that were cleanOut in a parking lotThey said the TR was worth $100K this was a single mirror with theDraconian knock offs !The Lamborghini was worth, now sit down $600KAnd the BMW was worth $60KThey have lost their mindsThe early TR had brakes from a BUICK Lesabre !And LAMBO are worth more in parts ! At least the ones that didn't catch fire !As for the BMW M3 which had a cylinder head gasket made of corn flakes and exhaust manifold issues that make the current air bag recall look like nothingWhat are people smoking ?Pity the poor fools who buy at these pricesIn victory you deserve ChampagneIn defeat you need it!
Scars are Tattoos with better stories !If you follow all the rulesYou miss all the fun!If you have no enemies, you have no character !Clyde RomeroConfidentiality 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.This email transmission, and any documents, files or previous email messages attached to it, may contain confidential information that is priviledged. If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information containes in or attached to this message is STRICTLY PROHIBITED. If you have received this transmission in error, please immediately notify us by reply e-mail at Clyde.romerof4 [at] gmail.com or by telephone at (678 6419932)and destroy the original transmission and its attachments without reading them or saving them to disk.
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