F360 race car just £24.5k at BCA

[MG511]

http://www.honestjohn.co.uk/news/item.htm?id=4091
Sounds too good to be true, what's the catch? Would surely make a fantastic track day car.

[matc]

Don't think there is a catch, it's just the sort of people who would want something like this don't usually frequent car auctions; hence someone picking it up for a bargain price.

It will probably be in the classifieds in a few days for £50k+!!

[MG511]

A BCA classic auction does seem a strange place to sell it, if they'd waited for the auction at the Autosport show in January I'm sure it would have made far more. 100% does seem to be the mark up on Ferraris bought at classic auctions at the moment, compare the two cars below:
http://www.classic-auctions.com/lotdetail.php?loti...
http://www.runnymedemotorcompany.com/ForSale.htm (car is towards the bottom of page 2) - even the descriptions are almost the same. I know about profit, overheads blah blah blah, but that's some margin they're looking for.

[Dr G]

Not surprised actually, I don't know how much money they ultimately lost on a long wheelbase W12 they were lumped with recently, but I imagine it was a LOT.