Ferrari Mailing List: Re: Insanity strikes again!

[Erik Nielsen (judge4re]

Those numbers will be back.  The current economy is 100% driven by debt, which drives inflation of all asset classes.  Once you dig into the games they played with the latest round of seasonal adjustments on employment, you realize the whole thing is a giant ponzi scheme waiting for a strong wind to blow.  When the spigot finally closes, there is going to be another hard crash.  Everyone loves the boom but few take heed of the lessons learned during the bust.

Failure is the only teacher.  

On Sat, Feb 12, 2022 at 1:42 AM Peter Rychel <dino308gt4 [at] hotmail.com> wrote:

“...Of course that’s just me but they are a 100k car to me just like the 328 will always be a 40k dollar car to me. Just my opinion...”

 

Indeed. I’ve mentioned here before of numerous Ferraris I passed years ago that were Toyota range. The biggest kicker was a 328 for $35K in Houston Texas. That car was breathtaking (Red/Crema/Red carpets). Blown Marelli ignition box and those were only $700 back then (and still available). F^*%

 

But those days are gone. If you see a 328 now at $40K, there’ll be Nigerian contact details in the listing, or is up for bids on AutoBidMaster because all four corners are crunched in and there’s some dark stains on the driver’s seat. Same thing with the TR and it wasn’t that long ago they were valued as low as five figures. There was a guy on F’Chat who confessed he paid high $30s for his car and it wasn’t a beater either. This was around 6 or 8 years ago, before they (and everything else) took off. I tried buying a 328 last year and got beat badly every time. The one that Lash and Dominic inspected for me was not a perfect example and they assessed it as such, but the seller (dealer) refused to budge. Was even offended at my (market and condition-based) offer. So, I walked away. I was out and still am. This is what the market is right now and that’s it. You’re either in, or out. Hope, wishes and opinions won’t change that.

 

The same could be said for the 250 GTO. What did Nick Mason pay for his back in the ‘70s? Hey, guess what, that was a huge amount for a tired old race car. Now?

 

Just consider yourself lucky that you got your car at a great price from someone you know. I know you’ll keep it for a long time and enjoy every minute of it. I will with my cars. That’s the whole point.

 

Side note: I was at the dealer today (Ferrari Vancouver) to place an order for some parts and to discuss other things. Before leaving, I caught up with the sales manager and asked him how things were. He admitted he sold seven new Ferraris in the last 12 days...

 

Peter

 

Sent from Mail for Windows

 

 

From: BRITT ROTHMAN via Ferrari
Sent: February 11, 2022 6:12 AM
To: PeterGT4
Cc: The FerrariList
Subject: Re: [Ferrari] Insanity strikes again!

 

It looks nice but still it’s 28 years old. Sitting isn’t great for these cars. First think I wonder is, does it have the upgraded diff? 1992 didn’t have them, of course it could have been added but with such low miles who would have done that? That’s a 20k dollar time bomb. I like low miles as much as the next guy but the fuel system, shocks, and all the rubber bits are a function of age and use. Odds are there are lots of old aged parts never replaced cause it wasn’t used. Nothing special or clean about the engine bay. The interior on my car looks as good or better so where’s the money spent? I would really want to look at the records but my god the price. For that price I could almost have a new Ferrari and Clyde’s car if I had wanted rather than just a single low miles 512tr. Of course that’s just me but they are a 100k car to me just like the 328 will always be a 40k dollar car to me. Just my opinion.

BR in Stockholm

Sent from my iPhone

On 10 Feb 2022, at 23:22, Clarence Romero Jr. <clyderomerof4 [at] gmail.com> wrote:

Peter it’s a 20 plus year old car with less than that on miles!

I bet you there is an oil puddle underneath that car now!

 

 

     RF4-4EVR

Scars are Tattoos with better stories !

 

If you have no enemies, you have no character !

 

Clyde Romero    

 

 

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On Feb 10, 2022, at 1:30 PM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:



How?

 

It’s got a decent amount of mileage on there.

 

Other than an old lien and mileage correction statements, it has a solid, clean history.

 

It’s in gorgeous shape.

 

So this is a parts-car candidate?...

 

Confused...

 

Peter

 

Sent from Mail for Windows

 

 

From: Clarence Romero Jr.
Sent: February 9, 2022 1:37 PM
To: Peter Rychel
Cc: The FerrariList
Subject: Re: [Ferrari] Insanity strikes again!

 

That car is a bomb waiting for a place to blow up!

 

 

     RF4-4EVR

Scars are Tattoos with better stories !

 

If you have no enemies, you have no character !

 

Clyde Romero    

 

 

Confidentiality 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 Clyderomerof4 [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.

On Feb 9, 2022, at 2:06 PM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:



I’m surprised you didn’t call out the 512TR they have for sale. You could’ve done a straight trade for your 296 at that rate:

 

https://www.ferrariofatlanta.com/used/Ferrari/1992-Ferrari-512+TR-for+sale+rosewell+ga-4afa49190a0e09a80126ae2de4cab43a.htm

 

Peter

 

Sent from Mail for Windows

 

 

From: Clarence Romero Jr.
Sent: February 9, 2022 8:43 AM
To: PeterGT4
Cc: The FerrariList
Subject: [Ferrari] Insanity strikes again!

 

https://www.ferrariofatlanta.com/certified/Ferrari/2021-Ferrari-SF90+Stradale-for+sale+rosewell+ga-db2d3f180a0e09b01dccbce17ea58240.htm

     RF4-4EVR

Scars are Tattoos with better stories !

 

If you have no enemies, you have no character !

 

Clyde Romero    

 

 

Confidentiality 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 Clyderomerof4 [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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