550 Maranello article - they'll be £200k before you know it!

[WCZ]

Mogul said:

How did you find the selling process?

This coming weekend we'll see at least 4x LHD Maranellos go through two separate UK auctions, but they are a mixed bunch...

At Bonhams at Goodwood on the 30th a Danish 550 that has spent time in Japan £70,000 - 90,000

http://www.bonhams.com/auctions/24120/lot/286/

At Coys, Fontwell House, on the 29th there are 3 x 575M F1's...

Another European car that has spent some time in Japan and is currently rolling on aftermarket wheels... £70,000-£80,000
http://www.coys.co.uk/cars/2003-ferrari-575m-f1

The so called "pre-production prototype" car... £160,000-£200,000 (!)
http://www.coys.co.uk/cars/2002-ferrari-575m-maran...

P.S. This one sold for the bargain price of £72,800 at RM Sotheby's in 2015 see here.. http://www.rmsothebys.com/lf15/london/lots/2001-fe...



The so called ‘Fiorano handling pack edition" LOL! £135,000-£145,000
http://www.coys.co.uk/cars/2003-ferrari-575m-fiora...

Edited by Mogul on Tuesday 27th June 10:39

tempting @ £70k *thinks*

[rubystone]

WCZ said:

tempting @ £70k *thinks*

You could have my RHD car for not a huge about more...

[Mogul]

I didn't catch the Coys stream yesterday (and they often take an age to publish their results online) but I did catch some of Bonhams feed this afternoon and noted that the Danish 550 sold for £83,260 inc. premium.

Edited by Mogul on Friday 30th June 20:18

[JiggyJaggy]

So a RHD equivalent would be priced at circa £105-£110k I would say?

[roygarth]

JiggyJaggy said:

So a RHD equivalent would be priced at circa £105-£110k I would say?

The dealer ask price would be more like £150k. Whether it would sell is a different matter.

[phib]

Mogul said:

I didn't catch the Coys stream yesterday (and they often take an age to publish their results online) but I did catch some of Bonhams feed this afternoon and noted that the Danish 550 sold for £83,260 inc. premium.

About spotbon I would say

Phib

Edited by Mogul on Friday 30th June 20:18

[Mogul]

Are you putting yourself in the shoes of the seller or the buyer, Phib?

Remember that the seller will have only trousered around £65k (€75k) net, if Bonhams seller's commission was 10%.

Auction spreads are brutal (worse than most reansonable 'dealer' margins or SOR fees but at least they deliver liquidity, so long as you aren't delusional with your reserve.

[phib]

Was putting myself in the position of the buyer.

Having just sold my LHD

Phib

[roygarth]

Mogul said:

roygarth said:

I've just sold my 550. I've got to stop reading this thread, I'm getting sellers remorse

How did you find the selling process?

I sold it via Millennium Heroes on a consignment basis. Its the blue LHD car with 15k miles which many on here said was overpriced at £120k. Well.....pleased to report it went for close to that figure.

Great company to work with, would highly recommend. In a market with few buyers and a lot of cars on the market, their presentation and attention to detail gives one a good chance of getting the buyer.

[Mogul]

Well done!

[Dino550]

Just sold my 550. Sad day. Loved the car, but at the end of the day I'd rather not have a mortgage than a 550 that became an asset I didn't drive. I'm enjoying the Granturismo that has replaced it.

[roygarth]

Mogul said:

Well done!

Thanks.

[phib]

roygarth said:

I sold it via Millennium Heroes on a consignment basis. Its the blue LHD car with 15k miles which many on here said was overpriced at £120k. Well.....pleased to report it went for close to that figure.

Great company to work with, would highly recommend. In a market with few buyers and a lot of cars on the market, their presentation and attention to detail gives one a good chance of getting the buyer.

Congratulations !!! Great price, just out of interest what was the difference between yours and the red one they have at £86k ? £34k is a big difference if they were comparable cars ? Pm me if you prefer, just genuinely interested

I ask as I have just sold my LHD one which was similar to the red one they have

Phib



http://www.millenniumheroes.com/cars/ferrari-550-m...

[JiggyJaggy]

The Millennium Hero's was a RHD. I think he wrote LHD as a typo, hence the £34k difference.

[phib]

JiggyJaggy said:

The Millennium Hero's was a RHD. I think he wrote LHD as a typo, hence the £34k difference.

I am pretty sure it was LHD, this one ?

http://www.classicandsportscar.com/classifieds/cla...

Phib

Edited by phib on Tuesday 4th July 11:00

[JiggyJaggy]

Pretty sure it isn't. He kindly sent the link to me but I will let him answer himself. Beautiful car in any respects.

[phib]

If it was RHD I am feeling much happier about life !!!!! ;-)

Phib

[roygarth]

It was LHD (left hand drive ).

It is this car http://www.classicandsportscar.com/classifieds/cla...

I haven't physically see the red car so I cannot compare. But they only have mint cars.

My car was faultless and top colours and spec (wheels, leather parcel shelf). Had exceptional history/provenance - FFSH and only 2 owners (me and Dennis Bergkamp.)

It sold to a Danish guy. I'm glad I only have LHD cars as Euro classic market is relatively buoyant compared with UK market. Furthermore, UK economy could tank after Brexit, and with Hong Kong (the other RHD market) looking politically dodgy, RHD prices could come down towards LHD.

[phib]

Great result !!!!

Off to find a tall building ,,,,,,,,,

Only joking, I am happy what I got for mine, more than doubled in 2 years ownership and I really didn't like LHD in the UK.

When I bought mine it was cheaper than the Granturismo I wanted, now looks like I got free use of a 550 and a free Granturismo !!!!

Phib

[Mogul]

The £87k / 27,464 'miles' LHD 550 in at Millennium Heroes right now is described as "Sold new by Cornes, Japan..."

Rightly or wrongly, that by itself would go some way to explaining the comparatively modest price however, I note that the car does not have the usual Japanese market specification rectangular side markers (see the below example)

|https://thumbsnap.com/vzPIDuCc[/url]

...so there could be an outside chance that it was a European specification LHD car that was supplied new to Japan but perhaps it is more likely that it has been fiddled with at some point.

It's also lacking an audio head unit which is curious. A Japanese-spec head unit would have looked the part (and played CD's) and could have been replaced with something else without going to the trouble of finding a suitable blanking plate.

The leather on the steering wheel needs attention (and that is rarely an issue in isolation) and they say that "the large majority of the of the plastic coating, prone to wear on Ferraris, is in good shape."

All in all, it would appear to be a nice car, and it appears to have FHP which is either good or bad, depending on your intended use, but perhaps it would be fair to call it a 'sub-minter' and it is certainly not as EU-friendly as other LHD cars on the market given its Japanese history.

Edited by Mogul on Tuesday 4th July 14:37