Lots of 599 GTOs for sale - why?
Discussion
torquespeak said:
Camlet said:
While Fosker's I believe are having a laugh right now, if they do sell it for anything like their asking price I'll be on 
Now sold - and it's time to take up residence on that cloud! I'll give you a call.Ed @ Foskers
Thermonuclear said:
Congrats. But to be honest, when a ratty Porsche 993 is 100-200k, why wouldn't a 599 GTO be half-a-mil? Compared to some other crazy prices of other cars, at 480, I reckon that GTO was a bargain
I was in Dick Lovett on Friday and they had a classic 911 for sale. The mate I was with had just sold one very similar to it, but with half the mileage for less than half. It seems to me that anything old or potentially going up in value has gone absolutely mental. This is not the thread for the question but I do wonder how sustainable the rises are.
DeltonaS said:
Because you can get a new F12 for less...
But the same argument applies to any old model Ferrari, in fact any old model at all. Why pay 1mil for a Miura when you buy a new Aventador for 30% of the price...?I don't see why the 599 GTO's wouldn't continue to climb in price just like any other ltd edition Ferrari. Plus, don't forget the 599 GTO is the LAST Ferrari to use the mechanical F1 gearbox, which a lot of my contacts on the continent reckon is going to be a big big thing in a few years time, closely followed by the 430 Scuderia....
Pork said:
Thermonuclear said:
Congrats. But to be honest, when a ratty Porsche 993 is 100-200k, why wouldn't a 599 GTO be half-a-mil? Compared to some other crazy prices of other cars, at 480, I reckon that GTO was a bargain
I was in Dick Lovett on Friday and they had a classic 911 for sale. The mate I was with had just sold one very similar to it, but with half the mileage for less than half. It seems to me that anything old or potentially going up in value has gone absolutely mental. This is not the thread for the question but I do wonder how sustainable the rises are.
As for dealers, they're pretty crude market makers and this does distort the market IMO. I've watched the huge jump in F40 prices in the last 12 months, and now 599 GTOs as dealers attempt to spot the Next Big Thing, and push accordingly. Not surprisingly even the more mainstream dealers are now joining the party so while I believe the market is very sustainable, I expect dealers to become more competitive and middle man margins to be squeezed sharply.
Edited by Camlet on Sunday 12th October 12:25
HPO said:
Dick Lovett have just sold the TDF 599 GTO they had advertised at £350k in under a week.
This is now up for £700k with 2K Miles on the clock. The market has gone bonkers, but I think its down to the dealers. I hope Camlet you still have yours. Whichever SCD member bought Tamara Ecclestons car with 221 miles on the clock for under £350k must be absolutely laughing all the way to the bank right now! (He was looking at CGT and that 599GTO for an investment). Unfortunately I think at this level of the market people are looking at cars as investments rather than things to properly drive (although I appreciate a fair few like to properly drive which I applaud) but its just mad to think the Price has doubled in just over a year!
mattf93 said:
HPO said:
Dick Lovett have just sold the TDF 599 GTO they had advertised at £350k in under a week.
This is now up for £700k with 2K Miles on the clock. The market has gone bonkers, but I think its down to the dealers. I hope Camlet you still have yours. Whichever SCD member bought Tamara Ecclestons car with 221 miles on the clock for under £350k must be absolutely laughing all the way to the bank right now! (He was looking at CGT and that 599GTO for an investment). Unfortunately I think at this level of the market people are looking at cars as investments rather than things to properly drive (although I appreciate a fair few like to properly drive which I applaud) but its just mad to think the Price has doubled in just over a year!
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