$1.8m for a 1954 Ferrari 500 Mondial.
Discussion
worth $5 million + once restored.
Does it need $3 million to get it that way ? Can't say i'm a ferrari 500 mondial expert, But My expectation with it being a 50s car is that it's going to be pretty simple and just a case of some metal and specialist workmanship. No exotic carbon fibre or bespoke '80s ECUs here.
I'm betting somebody can buy for $1.8 million, spend another $1 million on it and make some good profit.
Does it need $3 million to get it that way ? Can't say i'm a ferrari 500 mondial expert, But My expectation with it being a 50s car is that it's going to be pretty simple and just a case of some metal and specialist workmanship. No exotic carbon fibre or bespoke '80s ECUs here.
I'm betting somebody can buy for $1.8 million, spend another $1 million on it and make some good profit.
It doesn't
But there is a whole market out there catering to those that keep classic ferraris running. I'm not an expert and saying "well anybody could do that". Just pointing out that the value is probably based upon how much profit you could make if you built this back up if you have an original shell to rebuild.
Won't be "numbers matching" so to speak - but I don't think these ferrari gentleman race cars ever did - they were race cars so had engines chopped and changed all the time during their lifetimes.
But there is a whole market out there catering to those that keep classic ferraris running. I'm not an expert and saying "well anybody could do that". Just pointing out that the value is probably based upon how much profit you could make if you built this back up if you have an original shell to rebuild.
Won't be "numbers matching" so to speak - but I don't think these ferrari gentleman race cars ever did - they were race cars so had engines chopped and changed all the time during their lifetimes.
Mr Whippy said:
As much as it is a chassis, is there enough there to make a rebuild be seen as a genuine car to make it worth what it could be?
And if so, I’d expect parts costs are equally eye-watering wouldn’t they?
The Euro car parts discount code won't count for much .And if so, I’d expect parts costs are equally eye-watering wouldn’t they?
How much for a scratch built engine to original spec ?
You can bet they won't be cheap
Could be the asking price for this is too high and with the parts cost of a rebuilt there's no money to be made, and this comes in a the cost of buying an existing one.
But all it needs is one sheikh who wants the chance to re-build this to his own spec and doesn't care about the lack of profit and they'll sell it.
Could be the asking price for this is too high and with the parts cost of a rebuilt there's no money to be made, and this comes in a the cost of buying an existing one.
But all it needs is one sheikh who wants the chance to re-build this to his own spec and doesn't care about the lack of profit and they'll sell it.
Joey Deacon said:
What are you actually getting for your $1.8 million, triggers broom springs to mind.
Surely it is effectively going to be a replica when finished as it will contain zero original parts?
Usually cars like this get old parts reworked, or new parts made (from scratch), etc.Surely it is effectively going to be a replica when finished as it will contain zero original parts?
They’re as original as they’ll get.
There is a good documentary on YT somewhere of chaps doing this to an old rare Porsche 911 chassis in a similar state.
The lengths they go to for the parts is very interesting!
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