Discussion
Jonny TVR said:
I've just seen the blue F40 on CC's currently over £2m. Have I missed something as I thought F40's were generally around £1m obviously dependent on condition etc.
pound - dollar has a lot to do with this.12 months ago they had already increased from around £1M (as most cars had) to around £1.3M or $2M in the USA for a good one.
1 year ago £1 was $1.4. So $2M was £1.43M
Now £1 is $1.1 so $2M is £1.82M
So £/$ is most of the increase and owners are shipping to the states.
Most high end collectable cars have increased significantly in the past year due to the fall in the pound.
I bet Sam Moores is suffering buyers regret big time.
Bispal said:
pound - dollar has a lot to do with this.
12 months ago they had already increased from around £1M (as most cars had) to around £1.3M or $2M in the USA for a good one.
1 year ago £1 was $1.4. So $2M was £1.43M
Now £1 is $1.1 so $2M is £1.82M
So £/$ is most of the increase and owners are shipping to the states.
Most high end collectable cars have increased significantly in the past year due to the fall in the pound.
I bet Sam Moores is suffering buyers regret big time.
That makes sense .. and of course they are all LHD so no issue for US. Yes I can imagine Sam Moores being "disappointed" that he didn't keep hold of it. I'm also disappointed that I didn't look at them seriously a lot earlier. It will be interesting to see where it ends up and whether it does go to the US.12 months ago they had already increased from around £1M (as most cars had) to around £1.3M or $2M in the USA for a good one.
1 year ago £1 was $1.4. So $2M was £1.43M
Now £1 is $1.1 so $2M is £1.82M
So £/$ is most of the increase and owners are shipping to the states.
Most high end collectable cars have increased significantly in the past year due to the fall in the pound.
I bet Sam Moores is suffering buyers regret big time.
Jonny TVR said:
That doesn't make sense. I wonder what the auction prices are on those at the moment. I haven't been following but I imagine half that
Had actually thought that are the prices on this collection that the F40 is on being bumped up by the owner or hisEdited by Jonny TVR on Thursday 20th October 07:44
family or friends as it didn't seem real, the high figures were very early on in the bidding ,most of the time with auctions
the high bids are towards the end , dealers are not asking anywhere near those prices ,most being POA but will now give them
the excuse to raise their prices without anyone knowing , even a Camaro went very quickly to £60K which is crazy money for that
model and it's not even a classic,
Not sure if i'm right or wrong in this crazy market but something just doesn't add up.
Had my first E Type when i was 19 ,now 71 next mouth so been into classics and in and out of recessions all my motoring life
but never seen anything like this before and in such a short period.
Purso said:
what did sam moores sell it for previously?
https://themarket.bonhams.com/en/listings/ferrari/... rat rod said:
Had actually thought that are the prices on this collection that the F40 is on being bumped up by the owner or his
family or friends as it didn't seem real, the high figures were very early on in the bidding ,most of the time with auctions
the high bids are towards the end , dealers are not asking anywhere near those prices ,most being POA but will now give them
the excuse to raise their prices without anyone knowing , even a Camaro went very quickly to £60K which is crazy money for that
model and it's not even a classic,
Not sure if i'm right or wrong in this crazy market but something just doesn't add up.
Had my first E Type when i was 19 ,now 71 next mouth so been into classics and in and out of recessions all my motoring life
but never seen anything like this before and in such a short period.
I agree something doesn't really add up with these, the reserve is not even met on the F40. In fact, only 3 of the cars do have the reserve met. Of course that affords some bids to bump up the price as I believe the auction houses are entitled to do.family or friends as it didn't seem real, the high figures were very early on in the bidding ,most of the time with auctions
the high bids are towards the end , dealers are not asking anywhere near those prices ,most being POA but will now give them
the excuse to raise their prices without anyone knowing , even a Camaro went very quickly to £60K which is crazy money for that
model and it's not even a classic,
Not sure if i'm right or wrong in this crazy market but something just doesn't add up.
Had my first E Type when i was 19 ,now 71 next mouth so been into classics and in and out of recessions all my motoring life
but never seen anything like this before and in such a short period.
I don't expect this to be a popular comment but I also preferred this F40 in it's previous white LM guise as it was in Japan. Although a standard red one would be my choice if I can ever afford one
I assume this Sam Li has more to do with CC than he lets on? He claims he's the biggest user of the platform, buying and selling most weeks, although he also claims he's bought a new car every week since 1993. Surely he has friends in places at CC hence most of his collection has high bids but not many reserves met?
Would love to know what else he has in his collection, I know he has 9 911 Singers of various kinds. He also recently hired a race track for his friends to drive his LMP car collection round the track.
Would love to know what else he has in his collection, I know he has 9 911 Singers of various kinds. He also recently hired a race track for his friends to drive his LMP car collection round the track.
bryn_p said:
rat rod said:
Had actually thought that are the prices on this collection that the F40 is on being bumped up by the owner or his
family or friends as it didn't seem real, the high figures were very early on in the bidding ,most of the time with auctions
the high bids are towards the end , dealers are not asking anywhere near those prices ,most being POA but will now give them
the excuse to raise their prices without anyone knowing , even a Camaro went very quickly to £60K which is crazy money for that
model and it's not even a classic,
Not sure if i'm right or wrong in this crazy market but something just doesn't add up.
Had my first E Type when i was 19 ,now 71 next mouth so been into classics and in and out of recessions all my motoring life
but never seen anything like this before and in such a short period.
I agree something doesn't really add up with these, the reserve is not even met on the F40. In fact, only 3 of the cars do have the reserve met. Of course that affords some bids to bump up the price as I believe the auction houses are entitled to do.family or friends as it didn't seem real, the high figures were very early on in the bidding ,most of the time with auctions
the high bids are towards the end , dealers are not asking anywhere near those prices ,most being POA but will now give them
the excuse to raise their prices without anyone knowing , even a Camaro went very quickly to £60K which is crazy money for that
model and it's not even a classic,
Not sure if i'm right or wrong in this crazy market but something just doesn't add up.
Had my first E Type when i was 19 ,now 71 next mouth so been into classics and in and out of recessions all my motoring life
but never seen anything like this before and in such a short period.
I don't expect this to be a popular comment but I also preferred this F40 in it's previous white LM guise as it was in Japan. Although a standard red one would be my choice if I can ever afford one
Gassing Station | Ferrari Classics | Top of Page | What's New | My Stuff