Ferrari F40 Values - Past and Present

[lamboman100]

^ I was speaking to a Ferrari dealer / garage a couple weeks ago. They said the market for many older or newer Ferraris has gone mental in the past 3 months. Crazy, rocketing prices.

[DeltonaS]

SonnyM said:

IMO we will see £1m F40s by the end of the year... Prices have gone beyond control.

Insane, just a couple of years you could get one for € 225.000

[Camlet]

A 1.5K miles F40 (n/c, n/a) just sold for £ 760,000 in the UK. Values for good F40s definitely moving up very nicely. They drive nicely too

[pistolp]

Not that well they don't. Good time to sell.

[SydneyBridge]

I saw one about a year ago at Meridian, that was £500k and I was thinking that was optimistic - obviously not...

Good time to sell but what can you replace it with?

[SonnyM]

pistolp said:

Not that well they don't. Good time to sell.

Are you sure?

The greatest journalist of our time clearly stated that this is the car he has looked for ALL his life...

https://www.youtube.com/watch?v=3MDTcXGsjuo

Edited by SonnyM on Saturday 26th April 12:15

[Camlet]

SydneyBridge said:

I saw one about a year ago at Meridian, that was £500k and I was thinking that was optimistic - obviously not...

Good time to sell but what can you replace it with?

Absolutely the point. I've not experience of a host of iconic cars so wouldn't dream of passing myself off as a maven. Far from it.

But I have been fortunate to drive more than I ever imagined when I started out. And every second I drive my F40 is a second I'll remember with pure pleasure when I'm about to check out. And judging by the massively happy and warm attention the car receives from young and old alike, it's clear the F40 is indeed a very special piece of automotive history.

[hunter 66]

Tax free , Hedge fund investors and Chinese ......... all nothing to do with cars

[pistolp]

Yes I am sure. I was there when he said that, they are or rather were my cars. I'll probably buy another F40 back when all this sillyness sorts itself out.

[Mermaid]

pistolp said:

Not that well they don't. Good time to sell.

Take some profit, like every market another opportunity will come.

[pistolp]

Well said. What staggers me most though is how so many people have convinced themselves that the prices for these things can only go one way.

[Pork]

pistolp said:

Yes I am sure. I was there when he said that, they are or rather were my cars. I'll probably buy another F40 back when all this sillyness sorts itself out.

That's not a bad answer, that..

[Camlet]

pistolp said:

Yes I am sure. I was there when he said that, they are or rather were my cars. I'll probably buy another F40 back when all this sillyness sorts itself out.

I fear you might be waiting quite some time.

The World Wealth Report published last year by Cap Gemini and the Royal Bank of Canada, estimated there's an all time high of 12 million people around the world with investable funds in excess of 1 Million USD. The report said this group of HNWI will see their investment pots grow by over 6% to a thumping 55 Trillion USD by 2015.

Whatever the actual numbers and whatever the reason behind the staggering growth (equally staggering levels of QE?), there is probably plenty of sillyness in the system to allow people to chase a finite number of silly but desirable classic cars for some years to come.

And that's before we get to the fact the marketplace, like most marketplaces today is highly sophisticated, designed to reward those in the know, global and blindingly fast.

[pork911]

hunter 66 said:

Tax free , Hedge fund investors and Chinese ......... all nothing to do with cars

When is it to do with the cars?

[z4chris99]

some people buy cars because they like them, rather than being a good asset class

classic ferrari are following prime London property

[Monty Zoomer]

SydneyBridge said:

Good time to sell but what can you replace it with?

Wait for the bubble to burst and then buy two or three

[marky1]

Monty Zoomer said:

Wait for the bubble to burst and then buy two or three

Just can't see it. Not so many made, and still not "bad" value at 600-700k, can see these being 1m+. The bubble doesn't start until these are £1.5m in my opinion.

[rubystone]

SonnyM said:

IMO we will see £1m F40s by the end of the year... Prices have gone beyond control.

I believe this too, but my fellow Ferrari owning friends do not.

[cseven]

I'm amazed people can still talk of anything other then a bubble. Regardless of what you think a car is worth if the values double every 6-12 months you are indeed in big bubble territory.....the question is how long it will go on for.

[hunter 66]

Pork That is my Point fortunately I have and race these types of cars but sadly now most interest in them is "investment " orientated not ragging around the Ring which is what it was ....