Lots of 599 GTOs for sale - why?

[Pork]

Just having a daydream looking at 599 GTOs.

Their is usually maybe one or two for sale, if any, but at present there are no fewer than EIGHT for sale right now. Whats impacting this? From what I've read, they're very much loved and often thought of as 'keepers'. F12's look to be available at under list too, so I suspect its not demand for them?

I'd take the top one in a heartbeat.....

[Pork]

By the way, the bottom one isnt for sale at that price.

[erics]

Carreras gt / f40 and other proven legends in this price bracket.

Regular 599 at less than 90k does not help.

[traxx]

Pork said:

I'd take the top one in a heartbeat.....

I've never seen that car before I thought there were only two UK cars in the white/blue combination

[Pork]

traxx said:

Pork said:

I'd take the top one in a heartbeat.....

I've never seen that car before I thought there were only two UK cars in the white/blue combination

Ad says its an import.

Incidentally, it was seeing your car in Victoria a few years back that gave me my soft spot for these. I've never before of since heard anything quite like it and to see a 'relatively' ordinary car making that noise just flicked a switch for me.

Edited by Pork on Friday 8th November 12:32

[galt]

There are also a whole lot of GTOs for sale in the US right now. I think the premium relative to a 599 GTB and F12 is just way too big.

Especially given where the 16M trades. There are fewer 16Ms, and very few for sale, yet the preimium over the regular version is much lower.

[jtremlett]

Well, of your eight:

Two appear to be the same car (Graypaul Birmingham and Bentley Manchester).

One is in Germany.

Two are LHD imports.

One is a RHD import.

Presumably those latter three bought in from outside the UK for sale.

So actually only two UK cars for sale which is what you said was normal.

By the way, why is this thread in the Ferrari V8 section when the 599 GTO has 12 cylinders?

Jonathan

[jeremyc]

jtremlett said:

By the way, why is this thread in the Ferrari V8 section when the 599 GTO has 12 cylinders?

Fixed.

[Pork]

jtremlett said:

Well, of your eight:

Two appear to be the same car (Graypaul Birmingham and Bentley Manchester).

One is in Germany.

Two are LHD imports.

One is a RHD import.

Presumably those latter three bought in from outside the UK for sale.

So actually only two UK cars for sale which is what you said was normal.

By the way, why is this thread in the Ferrari V8 section when the 599 GTO has 12 cylinders?

Jonathan

Having just one for sale is rare, so two or more is more than normal. I agree, some are clearly not UK cars (is one AndrewDs old car?) but I would argue that the market for these crossed borders.

The question is whats driving the increase - maybe the LHD are driven by FX or something? Interesting point above re 16<s and F12s.

[TonyHetherington]

Interesting that the top two have near as dammit no mileage (~220 miles). So obviously cars not used but the owners looking to sell on, perhaps as the market starts to change for them?

[johnnyreggae]

The Loughran car looks like Tamara Ecclestone's still unsold after maybe two years - tainted ?

[BMCG]

johnnyreggae said:

The Loughran car looks like Tamara Ecclestone's still unsold after maybe two years - tainted ?

Indeed...has been on the classifieds for a rather long time...although...if memory serves at a steadily increasing price...no?

[galt]

What is strange, is that somehow the asking prices have increased (here and the US) but there does not seem to be any real trading going on...Only trade I know if was that very low priced car that is no longer available (black LHD)that was offered by Arjun (but located in Europe).

Also odd..Is the huge supply in the US. Ferrari of Newport Beach has 3 599 GTOs at offered for sale at the same time!

Perhaps people are trying to get out of them because they want the F12. Which, in my view, is a totally different car..

[traxx]

galt said:

Perhaps people are trying to get out of them because they want the F12. Which, in my view, is a totally different car..

IMO the GTO is much more fun car to drive than the F12
I have 3 other friends who like me still have the 5999GTO but sold their F12s

[galt]

traxx said:

IMO the GTO is much more fun car to drive than the F12
I have 3 other friends who like me still have the 5999GTO but sold their F12s

I agree with you and would prefer a 599 myself--at the right price.

However, out of 599 599GTO owners, not all of them will agree with you (or me)...not sure what the split would be but if it is 50/50 (or even 20%) that is already quite a supply of sellers for a car that has a very limited audience. IMHO, that is why you see so many for sale in the US (around 10) and quite a few in Europe.

Edited by galt on Friday 8th November 19:06

[galt]

traxx said:

IMO the GTO is much more fun car to drive than the F12
I have 3 other friends who like me still have the 5999GTO but sold their F12s

I agree with you and would prefer a 599 myself--at the right price.

However, out of 599 599GTO owners, not all of them will agree with you (or me)...not sure what the split would be but if it is 50/50 (or even 20%) that is already quite a supply of sellers for a car that has a very limited audience. IMHO, that is why you see so many for sale in the US (around 10) and quite a few in Europe.

Edited by galt on Saturday 9th November 20:24

[LostProphet2911]

I've noticed the car at William Loughran, has been up for months and months, although I seem to remember the first few months it was up for £999,999 on AutoTrader, probably won't shift it advertising it at that price

[Camlet]

The 599 GTO is an entirely different animal from the 599 GTB, and as a owner/keeper I can happily predict the 599 GTO will be much sort after in the years to come. Because the 599 GTO is fking epic.

[FalconWood]

LostProphet2911 said:

I've noticed the car at William Loughran, has been up for months and months, although I seem to remember the first few months it was up for £999,999 on AutoTrader, probably won't shift it advertising it at that price

The Will Loch car is on at £345k. Not many for sale and it looks great. With possible future potential is that considered a fair price out there.

[HPO]

FalconWood said:

The Will Loch car is on at £345k. Not many for sale and it looks great. With possible future potential is that considered a fair price out there.

Dick Lovett have just sold the TDF 599 GTO they had advertised at £350k in under a week.