Yellow F40 at Coy's Auction, sold price???

Yellow F40 at Coy's Auction, sold price???

Author
Discussion

boringbeige

Original Poster:

376 posts

170 months

Tuesday 16th January 2018
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There was a yellow F40 race car for sale at Coy's auction held at Autosport International last saturday, does anybody know how much it sold for?

RacerMDR

5,470 posts

209 months

Tuesday 16th January 2018
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I was told second hand 850k........

RacerMDR

5,470 posts

209 months

Tuesday 16th January 2018
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RacerMDR said:
I was told second hand 850k........
edited to add , I know the car was second hand..................I meant someone told me that witnessed the sale but I wasn't there personally so it could be wrong. biggrin before some smart arse turns up

boringbeige

Original Poster:

376 posts

170 months

Tuesday 16th January 2018
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Of course it was second hand, it's 25 years old.

Oh right, I get you.....

Messing with you....thanks for that. fair price that I reckon, will have been some auction house fee on top of that too.

RacerMDR

5,470 posts

209 months

Tuesday 16th January 2018
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I didn't get to see it up close, to see condition etc

boringbeige

Original Poster:

376 posts

170 months

Tuesday 16th January 2018
quotequote all
Nor did I but it's a 25 year old Italian car that was raced for a decade then laid up for a decade. And they were tatty when they were brand new. So I reckon it was bound to be rough round the edges; and maybe in the middle too. But it's still an F40 and so still going to be ace, so long as the mechanicals have been looked after.

RacerMDR

5,470 posts

209 months

Tuesday 16th January 2018
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boringbeige said:
Nor did I but it's a 25 year old Italian car that was raced for a decade then laid up for a decade. And they were tatty when they were brand new. So I reckon it was bound to be rough round the edges; and maybe in the middle too. But it's still an F40 and so still going to be ace, so long as the mechanicals have been looked after.
agree. Yellow tho..........should be worth 100k less at least in my opinion!

Dinoboy

2,494 posts

216 months

Tuesday 16th January 2018
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Agree about the yellow, saw one at Oulton park two or three years ago and it looked rubbish!

boringbeige

Original Poster:

376 posts

170 months

Tuesday 16th January 2018
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If 850k was the hammer price, then 129k of fees would be added on top of that. So the successful bidder paid 979K.

RacerMDR

5,470 posts

209 months

Tuesday 16th January 2018
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yeah about 1 mil is correct for a nice one - or it was................so maybe they continue to rise (they surely are)

someone is a very lucky owner.

Having been lucky enough to have a passenger ride in an immaculate one - if I had the money, I would definitely buy one

The Surveyor

7,576 posts

236 months

Tuesday 16th January 2018
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The F40 seams to be getting a lot of publicity at the moment and has been featured in loads of magazines, it's value is being very skilfully talked up. Remember, there were 1,300 plus F40's built which makes them mass-produced in collector circles.

Don't get me wrong, they are fabulous cars but Ferrari made 4 times as many F40's as the sublime V12 F50 which is where my millions would go. Hypothetically.....


generationx

6,644 posts

104 months

Tuesday 16th January 2018
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Remember this wasn't a standard car but heavily modified to near-Michelotto LM specification. As this wasn't an "original" LM (19 built I believe) I wonder if this increased or decreased its value?

http://www.coys.co.uk/cars/1993-ferrari-f40-michel...

boringbeige

Original Poster:

376 posts

170 months

Tuesday 16th January 2018
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As the OP, I'm surprised at the price paid for this car, I expected it to be between 650 and 750 all in, not almost a mill. In my mind, this car is not an 'LM' so can't command that type of money and it's not road legal so cant be used, leaving it as nothing more than a track day car for 'noisy' days. I don't mean any of that to be disparaging cos at the end of the day we would all love a track prepped F40 and a trailer. None the less, I'm surprised at the money paid and I hope the new owner does what we'd all like to do and blasts it round a few circuits.....or.....even......enter some races for '90's sportscars... I guess this tells me that the F40 market is healthy and strong, and I see nothing bad about that.

Yipper

5,964 posts

89 months

Tuesday 16th January 2018
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Wouldn't be a surprise to see them respray (or wrap) it red and try to push up the next-resale price. Yellow makes the F40 look like a kitcar.

Camlet

1,132 posts

148 months

Wednesday 17th January 2018
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The Surveyor said:
The F40 seams to be getting a lot of publicity at the moment and has been featured in loads of magazines, it's value is being very skilfully talked up. Remember, there were 1,300 plus F40's built which makes them mass-produced in collector circles.

Don't get me wrong, they are fabulous cars but Ferrari made 4 times as many F40's as the sublime V12 F50 which is where my millions would go. Hypothetically.....
Agree on the F50. It is a sublime car to drive and its design unique, I had the pleasure of meeting its designer in Maranello last September and was overwhelmed by his comments related to the F50's design homage to Formula 1. Plus listening to that V12 at 8K is life-changing wink

Per the F40, unofficial reports puts the total number of F40s around today at around 800, so attrition has reduced the pool. Also there are variations which make some cars more desirable than others; the US cars will always see at a robust premium and modest mileage good history Euro spec non cat non adj are also rated higher. The LM are unique (and superb) but values depend on accuracy and provenance.

jtremlett

1,369 posts

221 months

Wednesday 17th January 2018
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Camlet said:
...Per the F40, unofficial reports puts the total number of F40s around today at around 800, so attrition has reduced the pool...
I don't think the 800 number is very likely. The F40 has never been a cheap car so usually it makes economic sense to repair rather than write off in the event of an accident. If the 800 is the number of cars that haven't had an accident then maybe...

For info, there were 78 F40s supplied new to the UK and I know of 176 currently registered (the Coys car not among them as it is not road-registered).

Jonathan

Duffman83

179 posts

163 months

Wednesday 17th January 2018
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jtremlett said:
don't think the 800 number is very likely. The F40 has never been a cheap car so usually it makes economic sense to repair rather than write off in the event of an accident. If the 800 is the number of cars that haven't had an accident then maybe...

For info, there were 78 F40s supplied new to the UK and I know of 176 currently registered (the Coys car not among them as it is not road-registered).

Jonathan
Hi Jonathan,
For comparisons sake do you happen to know the UK supplied numbers for the other specials i.e
288 -
F50 -
Enzo
LaF (Aperta included) -

Thanks in advance

jtremlett

1,369 posts

221 months

Wednesday 17th January 2018
quotequote all
Duffman83 said:
Hi Jonathan,
For comparisons sake do you happen to know the UK supplied numbers for the other specials i.e
288 -
F50 -
Enzo
LaF (Aperta included) -

Thanks in advance
Yes. These are the numbers I have. The first two are official (and match the details I have). The second two are numbers I was given by Ferrari (but not cross checked against my data) and the last is how many I know are here.
288 - 20
F50 - 27
Enzo - 31
LaF - 37
LaF Aperta - 17

Not sure if all 17 LaF Apertas were new to the UK. For all the others there are more in the UK now than originally supplied. UK in this instance is shorthand for supplied new to the wider UK market which includes Channel Islands, Isle of Man, Ireland etc.

Jonathan

Edited by jtremlett on Wednesday 17th January 13:38


Edited by jtremlett on Wednesday 17th January 13:39

Camlet

1,132 posts

148 months

Wednesday 17th January 2018
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jtremlett said:
Camlet said:
...Per the F40, unofficial reports puts the total number of F40s around today at around 800, so attrition has reduced the pool...
I don't think the 800 number is very likely. The F40 has never been a cheap car so usually it makes economic sense to repair rather than write off in the event of an accident. If the 800 is the number of cars that haven't had an accident then maybe...

For info, there were 78 F40s supplied new to the UK and I know of 176 currently registered (the Coys car not among them as it is not road-registered).

Jonathan
Thanks Jonathan. Quite possible but the 800 came from an impeccable source. It was his estimate so a pinch or two of salt is fine. I know from my own example (and with the F50) finding a good one requires a ton of research, strong relationships with trusted specialists and a decent sized wallet for the inevitable "good grief'' moments. Once sorted they're the stuff of dreams.

jtremlett

1,369 posts

221 months

Wednesday 17th January 2018
quotequote all
Camlet said:
Thanks Jonathan. Quite possible but the 800 came from an impeccable source. It was his estimate so a pinch or two of salt is fine. I know from my own example (and with the F50) finding a good one requires a ton of research, strong relationships with trusted specialists and a decent sized wallet for the inevitable "good grief'' moments. Once sorted they're the stuff of dreams.
I don't doubt your source. I just doubt their number!. Certainly good ones vs cars in existence are completely different things and if the intent was to say that 800 haven't had accidents of one sort or another then maybe but if there were only 800 remaining that would be about 60% with 40% destroyed. I know of very few cars that have truly been destroyed. I do know of (and have seen) some that have been very heavily damaged in accidents but they get repaired. In fact, a case in point is the ex-Dave Gilmour car which I did have recorded as destroyed but which recently turned up at auction, having been repaired.

Jonathan