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NotNormal
Original Poster
1,520 posts
83 months
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Latest Ferrari GTO sale is now up to 35 million it seems, I simply don't understand it myself. Is it a case of the wealthy trying to out-do each other as the latest 'big thing'? Do people believe these cars will just keep getting more expensive? or are we to see a Facebook style slump in due course where the bubble bursts as people realise its all been hyped? Scource http://mobile.bloomberg.com/news/2012-06-01/ferrar...
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andy74b
680 posts
96 months
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Makes f1's seem way too cheap!
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fatboy69
4,811 posts
56 months
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Have to say that is a ridiculous amount of money for a car, assuming that the sale price is correct.
IMO.
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Justayellowbadge
29,456 posts
111 months
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What's all the chat about Evans selling his?
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Justices
2,347 posts
33 months
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FFS... I was there when one was bought for $7m. Silly money for a car, no matter what it is. All it does it make those that are able to buy it want it more. And those that are working towards having it get every so slightly annoyed...
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W111AAM
424 posts
101 months
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Justayellowbadge said: What's all the chat about Evans selling his? Just read this too. Does read as if Evans sold it for 'high 20's'. Would be surprised if he had. Thought this was the dream car?
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NotNormal
Original Poster
1,520 posts
83 months
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I thought Chris's 860 Monza was the one he lusted over and now owns. One of only 3 cars, now only 2 remaining and raced by Fangio.....
... and yet cheaper to by than a GTO where there were more built, just goes to show the silliness of GTO prices.
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TKH
229 posts
58 months
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I guess it all Depends if you view a GTO as a car or art compared to scream at $119000000 which is in my eyes mental it's reasonable 
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Justices
2,347 posts
33 months
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TKH said: I guess it all Depends if you view a GTO as a car or art compared to scream at $119000000 which is in my eyes mental it's reasonable I like art, appreciate art even, but $119m for something that does bugger-all, no thanks. The expression in the painting says it all.
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williamp
11,270 posts
142 months
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Justices said: TKH said: I guess it all Depends if you view a GTO as a car or art compared to scream at $119000000 which is in my eyes mental it's reasonable I like art, appreciate art even, but $119m for something that does bugger-all, no thanks. The expression in the painting says it all. At least with a car you can drive it- and race it. With a car like a GTO, modern rcing history, and an FIA passport will oncrease its value. Can you imagine owning somehting which you use and abuse it and it only goes up in value. The ultimate?? People need something to invest large amounts of money on. Some got their fingrers burnt on houses (again), so are looking into art and cars, I would expect the boat, classic aircraft, watches etc market is txperiencing the same. Heavens, even an old Ford EScort was abvertised for, what, 16k??
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raptor600
1,356 posts
15 months
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Justices said: TKH said: I guess it all Depends if you view a GTO as a car or art compared to scream at $119000000 which is in my eyes mental it's reasonable I like art, appreciate art even, but $119m for something that does bugger-all, no thanks. The expression in the painting says it all. Banksy has it right... 
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chr15b
2,878 posts
59 months
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It's a bit like footballers - prices will keep going up because it defines 'better'
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Another Fluffer
3,602 posts
34 months
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raptor600 said: Banksy has it right...  I like that!
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z4chris99
5,724 posts
48 months
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Another Fluffer said: I like that! want to buy one?
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h0b0
1,459 posts
65 months
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TKH said: I guess it all Depends if you view a GTO as a car or art compared to scream at $119000000 which is in my eyes mental it's reasonable "The Scream" is not even unique. There are multiple original versions.
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LongLiveTazio
2,521 posts
66 months
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h0b0 said: "The Scream" is not even unique. There are multiple original versions. It is unique as each is different. Lots of works of art are series, just look at Warhol. Triptychs and the like are very common. I must be the only person the GTO does nothing for. 10x more than an LM, madness.
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camshafted
334 posts
34 months
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LongLiveTazio said: It is unique as each is different. Lots of works of art are series, just look at Warhol. Triptychs and the like are very common.
I must be the only person the GTO does nothing for. 10x more than an LM, madness. As a set, The Scream has nothing on Cezanne's Card Players. One of the 5 recently sold for $250 million, putting a theoretical value on the set of $1.25 billion! But moving on from the paintings, what we're seeing with classic cars is spectacular. Nick Mason must be rubbing his hands with glee as his model will probably be worth as much as the Moss car. Talacrest has a 330P at the moment and he wants in the region of $25 million for it. Incredible!
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Justices
2,347 posts
33 months
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williamp said: At least with a car you can drive it- and race it. With a car like a GTO, modern rcing history, and an FIA passport will oncrease its value. Can you imagine owning somehting which you use and abuse it and it only goes up in value. The ultimate??
People need something to invest large amounts of money on. Some got their fingrers burnt on houses (again), so are looking into art and cars, I would expect the boat, classic aircraft, watches etc market is txperiencing the same. Heavens, even an old Ford EScort was abvertised for, what, 16k?? Rubbish. I heard from a close source that the 250 will, within the next 5 years, settle at around 3-5m give or take. Something about the bodywork and chassis not lasting much longer due to the way the... Ok, feeble attempt at market manipulation.  These things are just going to go up and up 
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AndrewW-G
11,968 posts
86 months
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camshafted said: As a set, The Scream has nothing on Cezanne's Card Players.  classic art  
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AndrewW-G
11,968 posts
86 months
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Justices said: These things are just going to go up and up In all fairness, there are distinct parallels, that can be drawn with the 80's boom. Whilst I don't think the readjustment is going to quite as bad as the early 90's, prices will diminish somewhat over the next 5 years
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