Ferrari Mailing List: Re: Too good to be true?

[Erik Nielsen (judge4re]

If you go back and look at Hemmings after Enzo, my 365 (18759) was for sale around $110k as well.  

That was also a time when six figures was real money, not an F150 truck with leather...

On Wed, Sep 22, 2021 at 7:06 PM JOHN ASHBURNE via Ferrari <ferrari [at] ferrarilist.com> wrote:

No kidding!  I don’t remember whether I found out from Ben or Monty (probably Monty) and it was after the fact but Ben had slowly been dropping the price in 1999 and I think by 2000 really needed to sell it because he was moving to Hong Kong. 

John

Sent from my iPhone

On Sep 22, 2021, at 7:48 PM, Lashdeep Singh <lashdeep [at] yahoo.com> wrote:



He didn’t even tell anyone he was selling it for $19k!!!!

On Sep 23, 2021, at 00:32, JOHN ASHBURNE via Ferrari <ferrari [at] ferrarilist.com> wrote:

I drove Ben Kao’s very nice Rosso Nearco 400i in 1998 when he was selling it.  The Tubi sounded great going through the tunnel around Battery Park in lower Manhattan. I remember Ben telling me the Tubi alone cost $6-7k. 

Ben’s car was very nice, around 65k miles, 5 speed and was asking $46k, quite a bit high relative to other 5 speeds on the market at the time. I passed and Monty Meersma bought it in 2000 for $19k (!) and ended up replacing the rear suspension with adjustable coil over shocks. 

Monty later put it on the market in April, 2002 showing 74k miles and an asking price of $32,250. Tom Gehring bought it and drove it to Indy for the F1 race later that year that I attended along with several other FListers, including Charles Perry and Clyde. 

After passing on Ben’s car in 1998, I located a 1983 5 speed with 21,300 miles in Laguna Beach, California. The seller was the second owner who bought it in 1988 with 18,000 miles from original owner and pro golfer Lanny Wadkins. The seller told me that he had turned down an offer of $110k to sell the car in 1990 during the height of the Ferrari boom after Enzo’s death. Big mistake!  The price I paid in 1998 was a small fraction of that. 

John

Sent from my iPhone

On Sep 22, 2021, at 6:01 PM, Douglas Anderson <dnt [at] dock.net> wrote:



That is pretty nice looking.  Tell your friend to be very careful with reverse gear.  The set up drives the gear towards a washer and a cotter pin or something like that.  What ever, it’s not driven into the trans case for a solid backing.

Doug

 

From: Ferrari <ferrari-bounces+dnt=dock.net [at] ferrarilist.com> On Behalf Of Gary Reed
Sent: Wednesday, September 22, 2021 10:45 AM
To: DOUG <dnt [at] dock.net>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] Too good to be true?

 

A friend here in Seattle recently bought a gorgeous 1999 456M GT, w/6-spd manual trans. that was on BaT.

 

Can't wait to see it.  It's Rosso Barchetta and tan.

 

Gary

 

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----- Original Message -----

From: Anthony Bauco

To: Gary Reed

Cc: The FerrariList

Sent: Wednesday, September 22, 2021 10:36 AM

Subject: Re: [Ferrari] Too good to be true?

 

Exactly.  For higher priced 456s I have seen cars with major interior flaws and issues with the active suspension.  This seems way better at a crazy price point.  If is clears a good PPI, that is a great deal.  Not sure I like black, however.

 

On Wed, Sep 22, 2021, 10:45 AM Rick Moseley <ramosel [at] pacbell.net> wrote:

Certainly "looks" as though it's been taken care of.

 

 

 

On Wednesday, September 22, 2021, 07:37:13 AM PDT, Anthony Bauco <tbauco [at] gmail.com> wrote:

 

 

Seems like it.

 

https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=604794787&LNX=MYATCALERTSEMLSRCH

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