testarossa thread
Discussion
SonnyM said:
What is going to happen to the bubble when one person panics and many follow suit?
That said I cannot find any decent 512trs anywhere... Is the Internet the wrong place to look, or are these card really going to dry up like GT3s have done!
If one person panics and its a 512 TR then you'd snap it up! And remember the bubble isn't built on borrowed money anymore, we won't see a rise go on indefinitely but it should peak and hold/level. Not my idea, just based on evidence of every single Ferrari which has done this so far.That said I cannot find any decent 512trs anywhere... Is the Internet the wrong place to look, or are these card really going to dry up like GT3s have done!
MrPaulo said:
I believe the Testarossa series of cars have been undervalued for sometime.
The reason often quoted is the relatively high production numbers of the series but when you drill down to market specific figures such as the U.K with it relatively low numbers it is not hard to see why U.K cars are experiencing a surge.
Couple that with U.K cars being exported to other RHD markets such as Australia, the pool of quality U.K R.H.D cars remaining becomes even less and then supply and demand takes care of the rest.
The Testarossa was a ‘Poster Car’ and this must also have a bearing on desirability for those people who had the cars on their bedroom wall who can now live the dream!
True that! I have been approached on several occasions at shows by dealers who specifically wanted to buy my car and export direct to Australia. The "poster car" model is also an interesting one and that being that the group who had the poster are now at an age where they are possibly in a position to buy it and so demand goes up.The reason often quoted is the relatively high production numbers of the series but when you drill down to market specific figures such as the U.K with it relatively low numbers it is not hard to see why U.K cars are experiencing a surge.
Couple that with U.K cars being exported to other RHD markets such as Australia, the pool of quality U.K R.H.D cars remaining becomes even less and then supply and demand takes care of the rest.
The Testarossa was a ‘Poster Car’ and this must also have a bearing on desirability for those people who had the cars on their bedroom wall who can now live the dream!
The 512 TRs are such strong money now and are going up on a monthly basis, a quick check on Autotrader shows one at £125,000. I can only see prices going one way and in line with the countach to some extent, the Lambos are sitting firm at around the £175,000 and remember 10-12 years ago you could pick them up for circa £30k. It's all academic of course in that no matter what happens with prices, I would find it very hard to let mine go. Nothing else does it for me like the testarossa, although a low body countach S would look great parked next to it in the garage!!
Yep, it's gone from both autotrader and pistonheads and is shown as sold on the Meridian site. The other car with 800 or so miles was with Chesire Classics if I remember rightly, that also went for about £100k. Last year Joe Macari sold a 1991 LHD car with 350 km, all the luggage but with the 512 TR wheels, that went for £130k ish from memory.
As stated previously, the market is getting far stronger and will continue to do so.
As stated previously, the market is getting far stronger and will continue to do so.
Yes Ferrari prices are sensitive to mileage, however, whenever the respective markets dry up or the model peaks on price then no-one seems to mind. For example, the Daytona, rather hard to find for sale and if you do the condition and provenance dictates further investigation, mileage, not sure it would bother me too much? Likewise, Dinos and 512 BB's, yes you get the mega low mile cars but its not the be all end all. As you rightfully say, sometimes lack of use is more of a turn off and does not make financial sense, unless of course you intend on keeping the car on low miles.
All that said, the sub 5000 miles cars will always provide the bench mark on price but what is interesting is the prices testarossas are fetching with say 35k on the clock!
All that said, the sub 5000 miles cars will always provide the bench mark on price but what is interesting is the prices testarossas are fetching with say 35k on the clock!
AtlantisWeb said:
At 40k that seems a great rolling restoration. C Cat back in the 90s. Should we worry about that?
Problem with a restoration of any kind on a car like this is gonna cost bucks, even the big service is not cheap by any means. And therein lies the rub, it's cat c and always will be, so whatever you spend on it you are always going to have that on its record and that ultimately will affect its future value. But more than that, you will never really know the car and what's happened or been done to it. I'd rather spend another £15k on something right. Just my opinion.Gassing Station | Ferrari Classics | Top of Page | What's New | My Stuff