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

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

Author
Discussion

21ATS

186 posts

30 months

Thursday 25th June
quotequote all
bertie said:
But you really want a manual...smile
Yup, I realised that the day I drove a manual 575, then I realised I actually prefer the aesthetics of the 550. So 550 it is.

The asking prices for manual 575's are still stuck in 2016. We're 4 years on from there and the world is a very different place in 2020.

SFTWend

211 posts

33 months

Thursday 25th June
quotequote all
No disrespect intended to ACA but can't help thinking that car would have fetched c.£70k on CC. Bidding at ACA appeared to struggle on many cars, similar to the pre COVID auction environment, but the opposite is true of CC.

I have a 550 on my wish list because I prefer 3 pedals but it's awfully tempting to compromise given that 575 is, for me, in perfect colours with great history and vouched for as an excellent example.

footsoldier

1,773 posts

150 months

Thursday 25th June
quotequote all
21ATS said:
Yup, I realised that the day I drove a manual 575, then I realised I actually prefer the aesthetics of the 550. So 550 it is.

The asking prices for manual 575's are still stuck in 2016. We're 4 years on from there and the world is a very different place in 2020.
Agree on both. Values of 575s are only down to numbers made, but 550 is the last one without drive by wire throttle etc, and looks better.
IMO, the 550 Barchetta is currently much better "value" than a 575 manual, though more expensive and less useful!

cayman-black

9,670 posts

174 months

Tuesday 30th June
quotequote all
I remember been invited to a testing day with Ferrari for the 575 i drove the F1 first and hated it then later in the day i drove the manual car , wow what a difference it was superb.

cayman-black

9,670 posts

174 months

FezSpider

703 posts

190 months

Sunday 19th July
quotequote all
550 buyers guide in the very last edition of ENZO magazine this month by the way.

cayman-black

9,670 posts

174 months

SFTWend

211 posts

33 months

Thursday 30th July
quotequote all
cayman-black said:
To my mind the service history and state of some of the interior trim are at odds with how the car is described.

john_1983

1,107 posts

106 months

Friday 31st July
quotequote all
SFTWend said:
To my mind the service history and state of some of the interior trim are at odds with how the car is described.
Agreed - whether you agree cambelts can wait longer than the 3 years recommended to match the US schedule of 5 years or not, to service the car this year, 4 years after the belts were last done, and not do them doesn't strike me as a fastidious owner.

Add that to the MOT fail this year, and it doesn't seem particularly well-cared for at first glance of the history

Chris722

27 posts

95 months

Friday 21st August
quotequote all
https://www.carmagazine.co.uk/car-reviews/used-car...

Apols if this has been posted before but saw it on the Car website

MDL111

4,887 posts

135 months

Friday 21st August
quotequote all
Chris722 said:
https://www.carmagazine.co.uk/car-reviews/used-car...

Apols if this has been posted before but saw it on the Car website
Thanks that was enjoyable

SFTWend

211 posts

33 months

Friday 11th September
quotequote all
A nice 575 FHP with 31k miles went unsold on CC this evening with a best bid of £61k. I bailed out well before it reached 60. Appeared to be on original clutch. Still scratching my head why the blue one mentioned recently in this thread, which is probably a better car, has failed to sell twice at ACA. Second time round mid estimate was only £60k.

A red 550 previously owned by Harry/Evo and subsequently an ex TG presenter will be on CC shortly. I recall on the TG show many years ago Hammond stressing over the sills rusting and contemplating turning it into a track car. Think I'll give it a miss.

21ATS

186 posts

30 months

Friday 11th September
quotequote all
SFTWend said:
A nice 575 FHP with 31k miles went unsold on CC this evening with a best bid of £61k. I bailed out well before it reached 60. Appeared to be on original clutch. Still scratching my head why the blue one mentioned recently in this thread, which is probably a better car, has failed to sell twice at ACA. Second time round mid estimate was only £60k.

A red 550 previously owned by Harry/Evo and subsequently an ex TG presenter will be on CC shortly. I recall on the TG show many years ago Hammond stressing over the sills rusting and contemplating turning it into a track car. Think I'll give it a miss.
The blue car at ACA is a bit of victim of ACA. It's hard work to register with them, you have to place a cash deposit (bank transfer) of 10% of low estimate to enable you to bid so time in advance.

Then hopefully they phone you to enable you to bid, but during the last sale all you could see online was people screaming at them in the chat that they'd registered, paid, had confirmation but no phone call and were unable to bid. It all looked like a bit of a shambles.

What I found more irritating was it was bid up higher than the low estimate and didn't meet reserve. No point even having an estimate really if it's not a realistic guide to what it will sell at.

MDL111

4,887 posts

135 months

Friday 11th September
quotequote all
21ATS said:
SFTWend said:
A nice 575 FHP with 31k miles went unsold on CC this evening with a best bid of £61k. I bailed out well before it reached 60. Appeared to be on original clutch. Still scratching my head why the blue one mentioned recently in this thread, which is probably a better car, has failed to sell twice at ACA. Second time round mid estimate was only £60k.

A red 550 previously owned by Harry/Evo and subsequently an ex TG presenter will be on CC shortly. I recall on the TG show many years ago Hammond stressing over the sills rusting and contemplating turning it into a track car. Think I'll give it a miss.
The blue car at ACA is a bit of victim of ACA. It's hard work to register with them, you have to place a cash deposit (bank transfer) of 10% of low estimate to enable you to bid so time in advance.

Then hopefully they phone you to enable you to bid, but during the last sale all you could see online was people screaming at them in the chat that they'd registered, paid, had confirmation but no phone call and were unable to bid. It all looked like a bit of a shambles.
That sounds like fun ..... esp if you were planning on bidding on something rare

21ATS

186 posts

30 months

Friday 25th September
quotequote all
https://collectingcars.com/for-sale/1998-ferrari-5...

So the Metcalfe/Hammond 550 reaches £60,000 (63,600 with fees) and sells.

That's pretty much what I consider bang on money (retail) for reasonably tidy 550 with driver mileage.

Why you'd pay retail for a private sale through an online auction website is still the bit that baffles me.

Now compare that with the asking prices at all the SOR dealers currently selling 550's in the Pistonheads classifieds.

Bar the Justin Banks car which doesn't look very appealing, they are all in the £90,000 - £100,000 range and some even more. Even the Cat C write off black car still has a crack pipe asking price.

There's a very very big spread between mid £60Ks and £90k-£100K plus.

TIme for a bit of reality to set in.

Of course that's assuming the owners actually want to sell - they may have placed their cars with an SOR dealer at their premisis with an asking price of £30K over market with the intention of getting 6 months free winter storage.

Edited by 21ATS on Friday 25th September 10:19

SFTWend

211 posts

33 months

Sunday 11th October
quotequote all
I'll be interested to see what the 550 on Collecting Cars goes for. Having seen details of the service history I won't be bidding on that one.

21ATS

186 posts

30 months

Sunday 11th October
quotequote all
SFTWend said:
I'll be interested to see what the 550 on Collecting Cars goes for. Having seen details of the service history I won't be bidding on that one.
I'm having a punt on that one. I'm after a driver as opposed to a garage queen/collectors piece.

I like the spec, I'd prefer Blu over cream/sabbia/beige or any green (rare) but Grigio Titanio over bordeaux is pretty timeless, I'm a sucker for diamond stiching and contrasting piping also. The big bonus for me though is no shields. I really don't like the wing shields on these cars - they don't need to be shouty.

The service history combined with the "managed sale" status hopefully puts a few people off and I get into a useable car. Fingers crossed.


Edited by 21ATS on Sunday 11th October 18:29

FezSpider

703 posts

190 months

Sunday 11th October
quotequote all
Metcafle and Hammond and there old 550 reunited
https://youtu.be/E7EEC35UtoQ

cgt2

1,668 posts

146 months

Sunday 11th October
quotequote all
FezSpider said:
Metcafle and Hammond and there old 550 reunited
https://youtu.be/E7EEC35UtoQ
Good one, Harry's experiences prompted me to get my first of several. All these years later the car still has something special.