550 rhd how long until they are £70k

[MDL111]

jshell said:

Thanks! Great article: https://www.ferraris-online.com/pages/article.php?...

very interesting - thank you

[cgt2]

jshell said:

Thanks! Great article: https://www.ferraris-online.com/pages/article.php?...

He has often been spot on in the past by my recollection.

[Bluebottle911]

jtremlett said:

don't think auctions are much of a guide in that 550s (RHD at least) don't very often come up at auction. At least I can only recall two in the last year, one of which was Richard Colton's which sold at the same auction as his 275 and 250 SWB.

Just out of interest (or not!), and for the sake of posterity, the 43 adverts for 550s currently on Pistonheads seem to me to list 19 RHD 550 Maranellos (I can't tell if the Tom Hartley car sitting in a puddle is LHD or RHD but I assume the former). The remainder are 550 Barchettas, wanted ads or LHD cars.

Of those 19 RHD cars (7 of which are listed by Slades Garage), three are marked sold and the Graypaul £200k car is marked as under offer. Three are POA (including one car which is in Australia). That leaves 13 cars. The cheapest is the 96k miler at Justin Banks at £110k and the most expensive the £250k car at Speedmasters that has been for sale seemingly for ages at an ever increasing price. Eight cars with miles between 31k and 41k are priced between £149k and £160k. The final three are at £180k (23.5k miles), £190k (10k miles) and £200k (16k miles).

Of the three cars marked as sold. One, priced at £160k, at Slades appears to have just sold. The other two cars marked as sold seem to have been sold at least a couple of months ago. The £200k Graypaul car has been listed as under offer for about 2 weeks, I think.

Jonathan

Very interesting, Jonathan. That seems to give the lie to the idea that the market is going soft. I haven't sold my 550, but I did use it (RHD, 39,000 miles FSH, good but definitely not concours) as collateral to raise short term funds recently and the finance house were prepared to lend against a valuation of £140,000. Seems to be in line with the info you posted.

[Camlet]

Bluebottle911 said:

I haven't sold my 550, but I did use it (RHD, 39,000 miles FSH, good but definitely not concours) as collateral to raise short term funds recently and the finance house were prepared to lend against a valuation of £140,000.

That's good to know. Thanks.