550 Barchetta at RM Auction- Was this cheap ?

550 Barchetta at RM Auction- Was this cheap ?

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Cheib

Original Poster:

24,214 posts

187 months

Wednesday 20th August 2014
quotequote all
Just looking through the RM Auction results and saw this 5,000 mils 550 Barchetta which sold for £145k

http://rmauctions.com/lots/lot.cfm?lot_id=1066955

Admittedly it's LHD but a 5,000 mile 550 would be surely close to £100k now ? Doesn't seem like much of a premium for a Barchetta ?

Even before the current madness a 5,000 mile standard 550 would have been £70k plus. Just seems to me like decent "value" in the current market.

Edited by Cheib on Wednesday 20th August 09:46

Russell996

494 posts

141 months

Wednesday 20th August 2014
quotequote all
Cheib said:
Just looking through the RM Auction results and saw this 5,000 mils 550 Barchetta which sold for £145k

http://rmauctions.com/lots/lot.cfm?lot_id=1066955

Admittedly it's LHD but a 5,000 mile 550 would be surely close to £100k now ? Doesn't seem like much of a premium for a Barchetta ?

Even before the current madness a 5,000 mile standard 550 would have been £70k plus. Just seems to me like decent "value" in the current market.

Edited by Cheib on Wednesday 20th August 09:46
Lovely cars, but you need to keep the roof down!


mwstewart

8,231 posts

200 months

Wednesday 20th August 2014
quotequote all
Good God!

456mgt

2,508 posts

278 months

Wednesday 20th August 2014
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mwstewart said:
Good God!
Yes, it's a bit hideous isn't it?! But. It's an emergency thing, not for routine use. I understand it now, though I didn't until I bought the F50, which I keep in open configuration. The fabric roof isn't good for much more than 50mph and you only use it when you're caught out in the rain and when it's parked outside overnight.

Cheib

Original Poster:

24,214 posts

187 months

Wednesday 20th August 2014
quotequote all
That looks like something a kit car manufacturer came up with at the last minute!

A car for dry days only then.

rubystone

11,254 posts

271 months

Wednesday 20th August 2014
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There's a decent looking "hard" aftermarket top too IIRC.

If that car was straight, I think it was a decent buy. They haven't been at that level for 6 years.

FalconWood

1,365 posts

209 months

Wednesday 20th August 2014
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There is a red 450 mile RHD Barchetta on PistonHeads classified right now with a POA. I believe they are wanting £350,000 for that car. This auction price (admittedly higher miles and LHD) makes that look a little ambitious does it not!!??

FalconWood

1,365 posts

209 months

Wednesday 20th August 2014
quotequote all
There is a red 450 mile RHD Barchetta on PistonHeads classified right now with a POA. I believe they are wanting £350,000 for that car. This auction price (admittedly higher miles and LHD) makes that look a little ambitious does it not!!??

mwstewart

8,231 posts

200 months

Wednesday 20th August 2014
quotequote all
456mgt said:
es, it's a bit hideous isn't it?! But. It's an emergency thing, not for routine use. I understand it now, though I didn't until I bought the F50, which I keep in open configuration. The fabric roof isn't good for much more than 50mph and you only use it when you're caught out in the rain and when it's parked outside overnight.
Ahh, I see. Aside from that hood the car is very nicely proportioned everywhere else.

toohuge

3,455 posts

228 months

Thursday 21st August 2014
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It seems about the right price given the bubble we're in at the moment.

I don think that 550's should be 100k cars, it's unrealistic IMO and not sustainable.

Chris

rubystone

11,254 posts

271 months

Thursday 21st August 2014
quotequote all
toohuge said:
It seems about the right price given the bubble we're in at the moment.

I don think that 550's should be 100k cars, it's unrealistic IMO and not sustainable.

Chris
I agree re 550 prices, but the Barchetta always was a limited edition convertible version. Which is why this particular car seems conspicuously good value compared to its less illustrious brethren.

Cheib

Original Poster:

24,214 posts

187 months

Thursday 21st August 2014
quotequote all
Silverstone Auctions have got this RHD coming up for sale soon at estimated £210k to £250k.

http://www.silverstoneauctions.com/2001-ferrari-55...

I think they're great looking cars and if you're in the market for something special I think you could do a lot worse that to have bought that LHD car.....it's hardly a daily driver so being LHD wouldn't be that much of an issue. That Silverstone car looks great in that colour combo!

I'd agree that 550's aren't £100k cars but with these cars being manual I think over time 550/575's will be worth as much or even more than a 599. I love the 599 (saw a stunning black one as I left the office yesterday!) but I just think the F1 box will date badly....very badly. One of the first things you hear reviewers say about the 612 is how much better the gearbox is. In ten tears time with another couple of generations of these gearboxes what's in the 599 will feel very agricultural. I'd also guess that the more modern cars will be much more expensive to maintain because of the complexity.

mike01606

531 posts

161 months

Thursday 21st August 2014
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The 612 has a very similar single clutch F1 system to the 599. Very few were manuals.

Cheib

Original Poster:

24,214 posts

187 months

Thursday 21st August 2014
quotequote all
mike01606 said:
The 612 has a very similar single clutch F1 system to the 599. Very few were manuals.
Sorry I meant the F12...that was a typo.