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

[kith]

Rivarama said:

I put an offer in, KHPC will submit it to the owner on Monday and will get back to me. Fingers crossed.

Were you successful in securing the car? Looks lovely and the fact that it has a patchy history means its all the more useable and therefore desireable, just like Harry Metcalfe's Testarossa.

[21ATS]

So the advert is showing as "deposit taken". Do we take it your offer has been accepted?

[Rivarama]

Unfortunately - the car was sold the same day right after I put the offer in. Car bought blind by a Dutch gentleman.
The car was lovely and I am a bit disappointed tbh. The search continues...

[21ATS]

It makes sense it's going back to Europe.

If you look at asking prices on Mobile.de anything LHD selling in the UK must look very attractive at present given the weak pound.

[MDL111]

21ATS said:

It makes sense it's going back to Europe.

If you look at asking prices on Mobile.de anything LHD selling in the UK must look very attractive at present given the weak pound.

yup, have spent a lot more time in the Pistonheads classifieds than in the past / a few nice LHD cars, the one above certainly looked cheap

stuff like a RHD M3 CSL also looks tempting compared to LHD prices

[Claret Badger]

Rivarama said:

Unfortunately - the car was sold the same day right after I put the offer in. Car bought blind by a Dutch gentleman.
The car was lovely and I am a bit disappointed tbh. The search continues...

If you want a good RHD, this is my old one: https://www.ebay.co.uk/itm/1998-R-Ferrari-550-Mara... Has the FHP and Speedline wheels too. I sold it to a collector in July 2015 for £78k who put new tyres on it and sorted a suspension issue out. Think he only did about 300 miles in his ownership.

[Mogul]

Looks nice although the seller is under the impression that it has the Daytona seats.



...it doesn’t, but lot 320 at Silverstone does.

https://www.silverstoneauctions.com/events/2019-au...

Scrolling back, Claret Badger mentioned that the part-leather parcel shelf was an addition which looks nicely done and the dash leather looks very good. Might that have been redone at one point as well?

[Claret Badger]

The quilting was done sometime in the past just to the shelf. No idea by whom. Dont think the dash/airbag has been redone, just lucky that it hasnt suffered like most! No delamination to the glass either nor the rust problems which you can find on the lip of the boot and bonnet.

[21ATS]

Silverstone Auction results 21 Sept 2019.

LHD Pozzi 550

Hammer = £60,000
Inc Commission = £69,000

https://www.silverstoneauctions.com/events/2019-au...



RHD 2004 575M F1 37,100 miles.

High Bid = £58,000
Inc Commission = NO SALE

https://www.silverstoneauctions.com/events/2019-au...



RHD 2002 575M F1 21,020 miles

High Bid = £68,000
Inc Commission = NO SALE

https://www.silverstoneauctions.com/events/2019-au...



LHD 2003 575M F1 113,745 km

Hammer = £47,000
Inc Commission = £54,050

https://www.silverstoneauctions.com/events/2019-au...



RHD 2001 550 22,500 miles

High Bid = £88,000
Inc Commission = NO SALE

https://www.silverstoneauctions.com/events/2019-au...




RHD 1998 550 3,445 miles

High Bid = £98,000
Inc Commission = NO SALE

https://www.silverstoneauctions.com/events/2019-au...

[Rivarama]

Thanks for the summary. I am a bit surprised about the final price for the pozzi car. Given the patchy history and condition of seats it doesn’t really look like the car has only been driven for 24k miles (unless it never was really cared for very well)

[Fast323]

Was just looking at the results after watching the Harrys garage preview,so 21 of the 34 Ferrari's offered failed to sell?

[21ATS]

Six Maranellos on offer, 4 RHD, 2 LHD - two sold, both the LHD cars.

I can't imagine either of those cars are destined to stay in the UK.

The bids on both the RHD 550's were spot on/retail dealer price IMO when commission is taken into consideration. Madness not to sell at those levels.

The auctioneer also mentioned before bidding started they'd turned down 40 further cars based on unrealistic reserves or condition.

So here we are in a non market. Buyers not willing to pay bubble prices once the bubble has burst. Sellers not willing to accept current market price as they are hung up on all the £150K plus sales from 2015/16.

[Rivarama]

I agree with that analysis. All this isn’t going to help my search for a 550. Hopefully the winter realities and potential Brexit turbulences will motivate some sellers to come off the highs

[ferrisbueller]

Sellers are off the highs already, I don't think people are holding out for £150k. I think I saw the Grigio car has a note of £115k will buy it against the listing.The Brexit hit is already evident, is there more to come? The thing with uncertainty is that there is also an upside. The Pozzi car finished at the lower end of what the asking prices in Europe are at.

[ooid]

I think the pozzi var got a fair value, and the buyer must be happy. over 60k, and a nice ferrari nasp car, what else? for me it looks clean enough TBH

[21ATS]

The Pozzi car looked expensive for the UK (LHD) but cheap for Europe. That'll be where it's likely going.

[21ATS]

ferrisbueller said:

Sellers are off the highs already, I don't think people are holding out for £150k. I think I saw the Grigio car has a note of £115k will buy it against the listing.The Brexit hit is already evident, is there more to come? The thing with uncertainty is that there is also an upside. The Pozzi car finished at the lower end of what the asking prices in Europe are at.

I was looking again at the Silverstone Listing for the car mentioned above, here's the link:-

https://www.silverstoneauctions.com/events/2019-au...

Something sprang to mind that I'd not thought of before. Auctions are effectively a trade sale, no warranty applied or provide, buyer beware etc etc.

What happens in the case of this vehicle now being offered as a fixed priced sale?

This is no longer an auction lot. Are Silverstone Auctions now acting as a motor trader meaning they have to behave as such and offer the back up and warranties (however limited) of a motor trader? Or is there some loop hole that means they avoid this?

[moeman79]

The Pozzi car was unsold at CCA a few weeks ago and available at £57k inc commission after the auction. Wish I had chucked them a cheeky bid now...

[jtremlett]

moeman79 said:

The Pozzi car was unsold at CCA a few weeks ago and available at £57k inc commission after the auction. Wish I had chucked them a cheeky bid now...

Note that it is an ex-Japanese car - although that doesn't seem to be mentioned in the auction description - and they are notoriously difficult to sell in the Europe (including the UK). So if someone has bought it to sell on I think they will end up disappointed.

[MDL111]

jtremlett said:

moeman79 said:

The Pozzi car was unsold at CCA a few weeks ago and available at £57k inc commission after the auction. Wish I had chucked them a cheeky bid now...

Note that it is an ex-Japanese car - although that doesn't seem to be mentioned in the auction description - and they are notoriously difficult to sell in the Europe (including the UK). So if someone has bought it to sell on I think they will end up disappointed.

Out of curiosity is there a difference to European cars? Probably would avoid (some) US cars due to changes made to them but wasn’t aware about issues with Japan. Always thought people like them as on average better treated and no/little salt on the roads.