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

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

Author
Discussion

NRS

24,036 posts

216 months

Wednesday 25th March 2020
quotequote all
It's very hard to work out what will happen next. Of course there is the downturn, but we're also seeing huge amounts of money being printed. That has to end up somewhere, and it's likely going to go to assets at some point given the continual QE meaning money keeps being devalued over time.

ferrisbueller

30,009 posts

242 months

Wednesday 25th March 2020
quotequote all
jtremlett said:
ferrisbueller said:
Owned for 6 months?
Barkaway's had it for sale in October last year. They were asking £79,995.
I recognise it. Was it owned by someone who has posted on these forums?

kith

604 posts

260 months

Thursday 26th March 2020
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jtremlett said:
arkaway's had it for sale in October last year. They were asking £79,995.
I thought the Barkaways one has standard alloys, not modular?

jtremlett

1,520 posts

237 months

Friday 27th March 2020
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kith said:
jtremlett said:
arkaway's had it for sale in October last year. They were asking £79,995.
I thought the Barkaways one has standard alloys, not modular?
The wheels may have been changed but it is definitely the same car.

Claret Badger

217 posts

183 months

Tuesday 31st March 2020
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ferrisbueller said:
I recognise it. Was it owned by someone who has posted on these forums?
Mine was identical with same wheels and spec and has been posted on here, but its not the same car. Mine still for sale on eBay for £90k I think. Someone might get a bargain with the auction one today!

Ferruccio

1,855 posts

134 months

Tuesday 31st March 2020
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phib said:
This will be interesting to watch !
https://collectingcars.com/for-sale/2000-ferrari-5...
£54,500

ettore

4,526 posts

267 months

Tuesday 31st March 2020
quotequote all
£59,500

Calculator

787 posts

230 months

Tuesday 31st March 2020
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I don’t know much about these but that it lovely. Imagine it could be a great keeper for someone.

phib

4,510 posts

274 months

Tuesday 31st March 2020
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ettore said:
£59,500
Probably about right given the current madness !!

Phib

Ferruccio

1,855 posts

134 months

Tuesday 31st March 2020
quotequote all
ettore said:
£59,500
Oops, yes - forgot to refresh the page......

FezSpider

1,078 posts

247 months

Friday 24th April 2020
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urquattroGus

1,958 posts

205 months

Saturday 25th April 2020
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Wow, it is an F1 not Manual but apart from that a lovely car!

So maybe my dream 45-55k Manual 550 with high ish miles is not compelete pipedream later this year?

IMI A

9,850 posts

216 months

Saturday 25th April 2020
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FezSpider said:
Wow does anyone know if thats a good car? So £61k landed at front door? What a super buy if she's a nice one. Looks lovely in red really suits the car.

FezSpider

1,078 posts

247 months

Saturday 25th April 2020
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Video of it here, looks like it was owned by Kent high performance cars.
https://youtu.be/DRbV-eEVJaw

IMI A

9,850 posts

216 months

Saturday 25th April 2020
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Looked at ad in more detail. Proper car! Congrats to new owner.

harrykul

2,784 posts

241 months

Saturday 25th April 2020
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Great buy for someone! I'm surprised that a reserve wasn't set higher than what it went for. Makes you wonder how much they took it in for to start with?

cayman-black

13,105 posts

231 months

Sunday 26th April 2020
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There is another coming soon if you don't mind silver.
https://collectingcars.com/for-sale/2002-ferrari-5...

Jonny TVR

4,547 posts

296 months

Monday 27th April 2020
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cayman-black said:
There is another coming soon if you don't mind silver.
https://collectingcars.com/for-sale/2002-ferrari-5...
That doesn't look like the same kind of level as previous one.

Desert Dragon

1,445 posts

99 months

Monday 27th April 2020
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Jonny TVR said:
cayman-black said:
There is another coming soon if you don't mind silver.
https://collectingcars.com/for-sale/2002-ferrari-5...
That doesn't look like the same kind of level as previous one.
All the wear and tear seems totally normal to me at that age and mileage? Looks nicer than the red one to me?

21ATS

1,105 posts

87 months

Monday 27th April 2020
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The red 575 was a dealer "trade" sale - bought from KHPC. No real difference from buying from their forecourt with the same backup.

The Silver 575 is a private sale - very different status and will be interesting to see what the price differential will be and if bidders fundamentally understand the ramifications of the different status on this platform.

I've been looking for a 575 for a while, then drove a manual and realised it's actually a 550 I wanted.

The prices we're seeing now are what these cars have realistically been "worth" for some time. Advertised asking prices and what these have been changing hands for are two very different things.

Worth bearing in mind even now we're only back down to circa 2015 values.

IMO they have further to fall but it's going to take some time - next year I think when what's happening now has had time to really bite.