RE: Ferrari Daytona: You Know You Want To
RE: Ferrari Daytona: You Know You Want To
Tuesday 11th November 2014

Ferrari Daytona: You Know You Want To

Amazingly quite a bit less than other V12 Ferraris at £625K!



There are two ways to look at a £625,000 Ferrari 365 GTB4 'Daytona'. One involves beating your head against a semi-solid object and loudly wondering why you didn't sell the house and remortgage the cat when, in the not-too-far-distant past, you could still land a decent one for under a hundred grand.

Pop-up lights denote later model
Pop-up lights denote later model
The other being to take what financial types refer to as the bull market view - and wonder just how much further values for one of the most desirable Ferraris of its era could continue to climb. Ridiculous as it may sound, the Daytona looks almost underpriced compared to the F40 or Enzo these days. And it's interesting that every other 365 GTB4 (many write it GTB/4, Ferrari seemingly doesn't!) currently on sale in the Classifieds wears a 'POA' pricetag.

But, money aside, isn't this just one of the most striking objects you've ever seen? Designed by Leonardo Fioravanti while he worked at Pininfarina, the 365 GTB4 (which was given its unofficial 'Daytona' name by journalists) is very different from his other Ferrari designs, a list including the Dino, 512 Berlinetta Boxer and 288 GTO, largely because of the need to package its V12 engine up front. Early examples had glassed-in headlights, with later cars (like this one) getting pop-up lights. The wedge profile made the Daytona an instant design classic and inspired a raft of imitators as the 1970s progressed, including both the Rover SD1 and the Vauxhall Firenza Droop Snoot.

Pretty, pretty car
Pretty, pretty car
Beneath the huge bonnet sits a 4.4-litre V12 which breathes through six Weber carburettors mounted in its 'vee'. The peak of 352hp was practically off-the-scale back in 1968, as was the Daytona's often quoted (and very occasionally verified) 175mph top speed.

Readers of a certain age might also remember the Daytona's starring role in one of the most famous bits of car journalism of the 1980s. Years after it had gone off sale, and when it was widely regarded as a scary-handling dinosaur, Mel Nichols wrote a superb story for Car magazine that did much to salvage its reputation, and which went on to inspire as many lesser imitators as the car itself had: "We came over the crest and into the valley and there ahead of us lay an open, loping stretch of road..."

No manettino in here!
No manettino in here!
This one looks particularly good, with the fact the current owner has put nearly 22,000 miles on it in nine years (and winning three Ferrari Owners Club concours prizes in the same time) proof that it hasn't been left in an air-conditioned garage. Bills for £70,000 over the last nine years give some idea of the sort of financial commitment necessary to keep a car like this in tip-top condition.

Of course, this Daytona is old enough to have been through the first supercar bubble, when values for the 365 GTB4 peaked at over £200,000 at the tail end of the 1980s before crashing to less than half of that. There's no guarantee the same thing couldn't happen again. But as values for collectable Ferraris continue to soar, this has to remain a very attractive investment.


FERRARI 365 GTB4 'DAYTONA'
Price:
£625,000
Why you should: One of the great Ferraris, values still climbing, cheaper than other 'investment grade' alternatives.
Why you shouldn't: If it turns out values have peaked there's a long, long way to fall...

See the original advert here.

[Sources: Ferrari.com]

Author
Discussion

carnut360

Original Poster:

130 posts

204 months

Tuesday 11th November 2014
quotequote all
What a great car love these, well worth every penny!

Doshy

861 posts

247 months

Tuesday 11th November 2014
quotequote all
I used to love the one Crocket drove in Miami Vice until I realised it was a replica! Gorgeous car.

thelawnet

1,539 posts

185 months

Tuesday 11th November 2014
quotequote all
It looks like something from the 80s.

The quoted sub-£100k price must have been a while ago, this buying guide from 2009 says £300k for a coupe, £500k for a spider

http://www.telegraph.co.uk/motoring/classiccars/61...

This one fetched €532k in May. http://www.rmauctions.com/lots/lot.cfm?lot_id=1066...

OutOfSync

220 posts

169 months

Tuesday 11th November 2014
quotequote all
There is a difference between speculation and investment ... and this is definitely the former.

Investment: to profit from the underlying financial attributes embodied in the instrument such as capital gains, interest, or dividends.

Speculation: engaging in risky financial transactions in an attempt to profit from fluctuations in the market value of a tradable good.

stormy22

793 posts

167 months

Tuesday 11th November 2014
quotequote all
No thanks, doesn't interest me. Never been a Ferrari fan and I'm not one to follow the crowd of lovers.

j90gta

563 posts

164 months

Tuesday 11th November 2014
quotequote all
A thing of great beauty.

trashbat

6,313 posts

183 months

Tuesday 11th November 2014
quotequote all
You'd have to sell this before you got old. As soon as your mind or eyesight started to fade slightly, an unscrupulous type would be along to seize the chance and replace it with a red Rover SD1.

cookie1600

2,741 posts

191 months

Tuesday 11th November 2014
quotequote all
My all time favourite Ferrari in terms of looks, only beaten by the Spider version. But as they say about not meeting your heroes, I seem to be reading more and more stories of an unwieldy machine with heavy controls, an enormous thirst, requiring constant attention to anything that moves within it's gorgeous skin. A recent example of living with one:

http://www.petrolicious.com/a-french-weekend-with-...

I might have to miss out actually owning one when the lottery comes in, maybe just a life size poster next to a more usable Ferrari?

anthonysjb

532 posts

166 months

Tuesday 11th November 2014
quotequote all
OutOfSync said:
There is a difference between speculation and investment ... and this is definitely the former.

Investment: to profit from the underlying financial attributes embodied in the instrument such as capital gains, interest, or dividends.

Speculation: engaging in risky financial transactions in an attempt to profit from fluctuations in the market value of a tradable good.
You appear to have a very primitive understanding of market economics. This isn't speculation. Fluctuations are a result of trades and market activities. This is an investment; there is a clear trend towards appreciation for Ferraris of this era, you cannot deny that from looking at the prices that they are selling for. Granted, all investments are a risk, however there is a clear empirical justification for thinking that the price of this asset will rise.

Lovely, lovely car, if only I had the money around. For those interested, shmee150 uploaded a great drive video of one of these the other day, worth watching.

steveirl

282 posts

242 months

Tuesday 11th November 2014
quotequote all
I bought my first Ferrari, a BB512i about 12 years ago, and at the time I was also considering a Daytona. I was talking to a seller on a nice example, and the price was 70k. From an investment point of view, a great buy in hindsight, but even today, where 70/80's Ferraris are concerned, I would still rather drive a Boxer.

thelawnet

1,539 posts

185 months

Tuesday 11th November 2014
quotequote all
trashbat said:
You'd have to sell this before you got old. As soon as your mind or eyesight started to fade slightly, an unscrupulous type would be along to seize the chance and replace it with a red Rover SD1.
I wouldn't mind this one
https://www.youtube.com/watch?v=WKzCRXdG0yQ

Fair bit faster than the Ferrari I would think.

anonymous-user

84 months

Tuesday 11th November 2014
quotequote all
Meh.

No thanks, does nothing for me I'm afraid. Wouldn't have one at any price. It's all subjective I guess.

WCZ

11,543 posts

224 months

Tuesday 11th November 2014
quotequote all
the rear looks nice but the front looks awful imo
also that steering wheel is huge!

soad

34,686 posts

206 months

Tuesday 11th November 2014
quotequote all
How long 'til Rover SD1 gets a mention. wink

trashbat

6,313 posts

183 months

Tuesday 11th November 2014
quotequote all
I give it an hour.

Motorrad

6,811 posts

217 months

Tuesday 11th November 2014
quotequote all
I saw one for sale back in 2003 for about 70 grand sterling. I'd just sold a property, sterling was strong, the euro was weak and I had nothing to do with the money.

So I bought a diesel Golf instead. biggrin

g7jhp

7,034 posts

268 months

Tuesday 11th November 2014
quotequote all
soad said:
How long 'til Rover SD1 gets a mention. wink
Try reading the 7th post down.

rossub

5,991 posts

220 months

Tuesday 11th November 2014
quotequote all
These are definitely marmite cars and I've never understood the attraction.

Looks like a 240Z mated with a 70s corvette, with the resulting love child getting all the bad bits - especially those huge orange indicators.

j90gta

563 posts

164 months

Tuesday 11th November 2014
quotequote all
rossub said:
These are definitely marmite cars and I've never understood the attraction.

Looks like a 240Z mated with a 70s corvette, with the resulting love child getting all the bad bits - especially those huge orange indicators.
The Ferrari was first produced in 1968 so it comfortably pre-dates the above. As for the SD1 references, didn't David Bache admit he was influenced by the Daytona's front end when designing the SD1 in the mid 70's?

MitchT

17,148 posts

239 months

Tuesday 11th November 2014
quotequote all
Seems like two minutes since these were £200k. Still would though biggrin