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

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

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Discussion

moeman79

16 posts

154 months

Monday 23rd September 2019
quotequote all
jtremlett said:
ote 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.
Nevertheless it was available for at least £12k less a few weeks ago than it sold for at Silverstone Auctions

ferrisbueller

29,315 posts

227 months

Monday 23rd September 2019
quotequote all
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.
If that was £67k hammer, there's 12.5% + VAT to add, too.

jtremlett

1,375 posts

222 months

Monday 23rd September 2019
quotequote all
MDL111 said:
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.
There are differences although I don't know what offhand. I think they tend to be avoided because it is very hard to establish or verify any history

ferrisbueller

29,315 posts

227 months

Monday 23rd September 2019
quotequote all
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.
The CCA listing says it was originally France supplied, so it may be a Euro spec. that's been over and back.

Rivarama

53 posts

105 months

Monday 23rd September 2019
quotequote all
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.
Agreed w the above. Silverstone auction was a bit cheecky on that car... I emailed the auction manager who was responsible for that car sale, asking him about the car history and specifically pointed to its Japananese past. His answer was elusive at best and I was told that he had no idea nor had he seen any paperwork/history records yet, but that I could consult everything on the Friday afternoon - less than 24h before the sale.
That car’s interior clearly doesn’t look like it only covered 24k - not sure Silverstone auction was as transparent as they could have been.

Mogul

2,932 posts

223 months

Monday 23rd September 2019
quotequote all
Regardless of where it was first registered and/or spent time, it is 100% Japanese spec. but LHD, as is (or was?) the fashion out there for prestige imports.

The chassis number has a J in it...

ZFFZR49J000117147

And those rectangular side repeaters...

Agree that it was remiss of Silverstone not to highlight that fact in their catalogue listing, but perhaps the auctioneer mentioned it when it passed over the block? I don’t know as I wasn’t there / didn’t follow the live feed.










ferrisbueller

29,315 posts

227 months

Monday 23rd September 2019
quotequote all
Mogul said:
Regardless of where it was first registered and/or spent time, it is 100% Japanese spec. but LHD, as is (or was?) the fashion out there for prestige imports.

The chassis number has a J in it...

ZFFZR49J000117147

And those rectangular side repeaters...

Agree that it was remiss of Silverstone not to highlight that fact in their catalogue listing, but perhaps the auctioneer mentioned it when it passed over the block? I don’t know as I wasn’t there / didn’t follow the live feed.
https://www.classiccarauctions.co.uk/2000-ferrari-550-maranello-manual

Jap spec provided via French dealer. MOT suggests it was registered here in 2017.

A quick search doesn't pull anything else of interest up. It will be interesting to see where/if it reappears.

Edited by ferrisbueller on Monday 23 September 22:42

21ATS

1,100 posts

72 months

Monday 23rd September 2019
quotequote all
ferrisbueller said:
If that was £67k hammer, there's 12.5% + VAT to add, too.
The high bid was £60K. I wasn't there but I was watching live on proxibid.

Interestingly the advertised final hammer prices are including the 12.5% comission but not the VAT element on the commission.

The high bid at the previous auction at which it featured was £46K and it was indeed offered for £57K. I made an offer on it at the time but recieved no response.

It's the sort of car that I'd be quite happy with as I'm not overly concerned about selling it on. I'd like to drive it and keep it. The idea of this was being LHD I'd be using it on the continent but it would need to be a discount on RHD drive cars.

Due to an unusal and unprecedented set of political and financial circumstances in the UK right now the LHD/RHD differential is effectively NIL. LHD cars are simply more valuable in their home countries than they are here, combined with an attractive Euro/USD rate for exports the LHD cars for sale in the UK are being repatriated.



Edited by 21ATS on Monday 23 September 22:56

ThePrincipal

92 posts

152 months

Thursday 26th September 2019
quotequote all
This LHD 550 sold today - originally Yellow and missing the original service book although there are copies on file.
£38,000 hammer price.

https://www.bonhams.com/auctions/25824/lot/172/


anonymous-user

54 months

Thursday 26th September 2019
quotequote all
ThePrincipal said:
This LHD 550 sold today - originally Yellow and missing the original service book although there are copies on file.
£38,000 hammer price.

https://www.bonhams.com/auctions/25824/lot/172/
That's cheap. But the colour change massively devalues it, and the mileage.

Mogul

2,932 posts

223 months

Thursday 26th September 2019
quotequote all
Colour change is straightforward on these as there is no body colour applied in the engine bay or around the door hinges.

Hope if checks out as could be a great buy.

With the wheels back to OE silver and stick on shields removed, what’s not to like.

ferrisbueller

29,315 posts

227 months

Thursday 26th September 2019
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You'd think it would be hard to lose much on it.

jtremlett

1,375 posts

222 months

Thursday 26th September 2019
quotequote all
Mogul said:
Colour change is straightforward on these as there is no body colour applied in the engine bay or around the door hinges.

Hope if checks out as could be a great buy.

With the wheels back to OE silver and stick on shields removed, what’s not to like.
Colour change might be straightforward but it always poses questions as to why and whether there is something hidden in the history. There might not be but it raises questions.

This car was for sale at Wimbledon Carriage Co in Feb 2015 for £63,995. Then at Slades in June to August 2016 for £89,950. Then private sale Jan to Feb 2017 for £72,950 then £69,950. Then again August 2017 to Jan 2018 for £68,950, reduced to £67,950 then £64,950 then £63,950. Then at KHPC in Jan 2018 for £64,995 although listed as sold almost immediately. No sale at Bonhams July 5th Goodwood auction.

So, quite an interesting (to me anyway!) little graph of asking prices for this one car over the last four years or so.

Petrus1983

8,674 posts

162 months

Thursday 26th September 2019
quotequote all
jtremlett said:
olour change might be straightforward but it always poses questions as to why and whether there is something hidden in the history. There might not be but it raises questions.

This car was for sale at Wimbledon Carriage Co in Feb 2015 for £63,995. Then at Slades in June to August 2016 for £89,950. Then private sale Jan to Feb 2017 for £72,950 then £69,950. Then again August 2017 to Jan 2018 for £68,950, reduced to £67,950 then £64,950 then £63,950. Then at KHPC in Jan 2018 for £64,995 although listed as sold almost immediately. No sale at Bonhams July 5th Goodwood auction.

So, quite an interesting (to me anyway!) little graph of asking prices for this one car over the last four years or so.
Wow - you know your prices! Good work.

Mogul

2,932 posts

223 months

Thursday 26th September 2019
quotequote all
Good knowledge. I thought that I had come across it before. Gotta love a Slades asking price!

21ATS

1,100 posts

72 months

Thursday 26th September 2019
quotequote all
Well you can't really go wrong at that price, it's a good value driver and I hope it's enjoyed by the new owner.

It has to be worth that value as a breaker.

I forgot this sale was on. Glad someone else was on the ball.

Rivarama

53 posts

105 months

Friday 27th September 2019
quotequote all
Does anybody knows this car?

https://www.pistonheads.com/classifieds/used-cars/...

Seems to have been in storage for the past 8 years, covering less than 1000 over that time. The MOT history shows quite a few advisories that were ignored, presumably because the car wasn’t driven.
It’s also fairly high mileage too but looks good from pics. I am thinking of paying the dealer a visit.
Price would be more palletable if it started w a “6”...

BlackR8

459 posts

77 months

Friday 27th September 2019
quotequote all
jtremlett said:
olour change might be straightforward but it always poses questions as to why and whether there is something hidden in the history. There might not be but it raises questions.

This car was for sale at Wimbledon Carriage Co in Feb 2015 for £63,995. Then at Slades in June to August 2016 for £89,950. Then private sale Jan to Feb 2017 for £72,950 then £69,950. Then again August 2017 to Jan 2018 for £68,950, reduced to £67,950 then £64,950 then £63,950. Then at KHPC in Jan 2018 for £64,995 although listed as sold almost immediately. No sale at Bonhams July 5th Goodwood auction.

So, quite an interesting (to me anyway!) little graph of asking prices for this one car over the last four years or so.
Wow, that is some serious tracking on the price history.

How do you go about getting this type of information if you don't mind me asking?

ferrisbueller

29,315 posts

227 months

Friday 27th September 2019
quotequote all
BlackR8 said:
jtremlett said:
olour change might be straightforward but it always poses questions as to why and whether there is something hidden in the history. There might not be but it raises questions.

This car was for sale at Wimbledon Carriage Co in Feb 2015 for £63,995. Then at Slades in June to August 2016 for £89,950. Then private sale Jan to Feb 2017 for £72,950 then £69,950. Then again August 2017 to Jan 2018 for £68,950, reduced to £67,950 then £64,950 then £63,950. Then at KHPC in Jan 2018 for £64,995 although listed as sold almost immediately. No sale at Bonhams July 5th Goodwood auction.

So, quite an interesting (to me anyway!) little graph of asking prices for this one car over the last four years or so.
Wow, that is some serious tracking on the price history.

How do you go about getting this type of information if you don't mind me asking?
He keeps records.

Mogul

2,932 posts

223 months

Friday 27th September 2019
quotequote all
21ATS said:
It has to be worth that value as a breaker


Hard to see real value in ‘a breaker’.

Eurospares have this low Kms LHD in which was written off in 2019. I wonder what parts have been stripped off it at this point?

Only special builders would want the drivetrain. I suppose that the majority of the body could be carefully salvaged and could help get another car that might be faced with a write-off for non-structural damage.