Collecting Cars auction results

Collecting Cars auction results

Author
Discussion

johnnyreggae

2,493 posts

118 months

Thursday 16th April
quotequote all
21ATS said:
£60K is all the money for a 575, I've been following 550's and 575's for nearly three years now trying to find one to buy.
Maybe your budget is why you haven't found one up to now ?

500 Miles

1,518 posts

184 months

Thursday 16th April
quotequote all
I ‘won’ the charity auction for 2 tickets to go and see Top Gear as a guest of CH when it starts filming again, the auction process worked well and raised some money for a deserving charity - plus I have something to look forward to after this Covid nonsense has gone...

21ATS

186 posts

30 months

Thursday 16th April
quotequote all
johnnyreggae said:
Maybe your budget is why you haven't found one up to now ?
That's my budget now and is realistic.

I had bid up to £90K on cars when the market was higher.

This one specifically. https://angliacarauctions.co.uk/classic/saturday-1...

I drove this when it was for sale at Meriden at £99,950, that would be two years ago now. It was really clean, had a new clutch 4000 miles previously and other than a tyre pressure sensor throwing an error was faultless. I offered £90k, expecting a bit of tooing and froing but was basically told it was screen price or nothing. I didn't want to pay that - I felt £90K was strong at the time but that was my ceiling and I would have had to borrow a little to make it happen.

It didn't sell and moved to Joe Macari where it sat for a year eventually with an asking price of £79,950. It still didn't sell and the last I saw it was in the auction that didn't happen linked above that's been resheduled for June. So in reality, that car has now been for sale for three years.

So why don't I buy it now if I was prepared to spend £90K on it at one point? Two reasons.

After I drove that car I drove a Manual 575 that Furlonger had for sale - it was a 58,000 mile car but was so much nicer to drive in every way than an F1 car. So now I want a manual. I can neither afford the premium for a manual 575 and even if I could I'm not sure I'd be able to stomach it. So it made the 550 a more obvious choice.

Second reason - the market is very different now, the world is very different now. I want zero lending on what I buy and I feel £50K to £60K happens to be about where a tidy 550 "driver" will be, probably north of 40,000 miles and that's just what I'm looking for.

Edited by 21ATS on Thursday 16th April 23:44


Edited by 21ATS on Thursday 16th April 23:45

Mezzanine

5,267 posts

177 months

Thursday 16th April
quotequote all
500 Miles said:
I ‘won’ the charity auction for 2 tickets to go and see Top Gear as a guest of CH when it starts filming again, the auction process worked well and raised some money for a deserving charity - plus I have something to look forward to after this Covid nonsense has gone...
Congratulations! I was watching that auction to start with as thought I might have a bid but it quickly went way over my budget!!


500 Miles

1,518 posts

184 months

Thursday 16th April
quotequote all
Mezzanine said:
500 Miles said:
I ‘won’ the charity auction for 2 tickets to go and see Top Gear as a guest of CH when it starts filming again, the auction process worked well and raised some money for a deserving charity - plus I have something to look forward to after this Covid nonsense has gone...
Congratulations! I was watching that auction to start with as thought I might have a bid but it quickly went way over my budget!!
Yeah, it was looking reasonable for a while and then shot upwards.


p4cks

4,746 posts

157 months

Friday 17th April
quotequote all
21ATS said:
...I offered £90k, expecting a bit of tooing and froing but was basically told it was screen price or nothing...

...It didn't sell and moved to Joe Macari where it sat for a year eventually with an asking price of £79,950...

... that car has now been for sale for three years.
(Firstly, apologies for snipping your post so much but I didn't want to clog the thread with something slightly off topic)

I find this as interesting as I do laughable for the dealer. Why wouldn't they take details of your bid, then when they felt they needed to reduce the asking price they could call you up and say that your offer would now be considered if it still stood? Arrogance/overconfidence on the part of the dealer maybe?

kith

444 posts

203 months

Friday 17th April
quotequote all
21ATS said:
After I drove that car I drove a Manual 575 that Furlonger had for sale - it was a 58,000 mile car but was so much nicer to drive in every way than an F1 car. So now I want a manual. I can neither afford the premium for a manual 575 and even if I could I'm not sure I'd be able to stomach it. So it made the 550 a more obvious choice.
It’s clear that enthusiast buyers mark down the values of F1 equipped Ferrari’s of that era. If the factory (or a respected Indy) would offer manual conversions as Aston Martin Works does for the Vanquish then I think there would be a significant uptake, even at something like £20k a go. Just imagine having a manual 599..

21ATS

186 posts

30 months

Friday 17th April
quotequote all
p4cks said:
(Firstly, apologies for snipping your post so much but I didn't want to clog the thread with something slightly off topic)

I find this as interesting as I do laughable for the dealer. Why wouldn't they take details of your bid, then when they felt they needed to reduce the asking price they could call you up and say that your offer would now be considered if it still stood? Arrogance/overconfidence on the part of the dealer maybe?
It's the second car I looked at at Meridien. The first was a similar experience.

I get the feeling they are quite a wealthy family and simply don't need to deal on cars, they must have enough throughput to give them that luxury I guess.

That 575 was also on sale on SOR so clearly the owner had given instructions on a minimum price.

21ATS

186 posts

30 months

Friday 17th April
quotequote all
kith said:
It’s clear that enthusiast buyers mark down the values of F1 equipped Ferrari’s of that era. If the factory (or a respected Indy) would offer manual conversions as Aston Martin Works does for the Vanquish then I think there would be a significant uptake, even at something like £20k a go. Just imagine having a manual 599..
A few 575's have been converted to manual, fundamentally it's the same clutch/gearbox system in both F1's and manuals.It's the controls that require changing plus the ECU's.

Cost seems to be circa £30K if you can find someone that knows what they are doing. The difficult bit is finding the parts.

The Surveyor

7,272 posts

195 months

Friday 17th April
quotequote all
21ATS said:
A few 575's have been converted to manual, fundamentally it's the same clutch/gearbox system in both F1's and manuals.It's the controls that require changing plus the ECU's.

Cost seems to be circa £30K if you can find someone that knows what they are doing. The difficult bit is finding the parts.
Why would anybody spend £30k to convert an 575 to manual when they are so similar to the 550. I know there are many incremental updates between the cars, but they are still essentially the same in concept, and as these cars get older 'originality' will only become a greater factor in their value over any improvements in the way they drive.

21ATS

186 posts

30 months

Friday 17th April
quotequote all
The Surveyor said:
Why would anybody spend £30k to convert an 575 to manual when they are so similar to the 550. I know there are many incremental updates between the cars, but they are still essentially the same in concept, and as these cars get older 'originality' will only become a greater factor in their value over any improvements in the way they drive.
I guess you'd need to ask an owner that's done it.

Like you I decided that a 550 was the way forward for me, despite the 575 being mechanically superior in a lot of respects. Lots of little issues and problems were solved in the 575 generation.

Once I started looking earnest I then found I actually prefered the purity of the original Maranello design.

After a while you realise this was the point at which Ferrari really did step away from mechanical to electronics. The differences between a 550 and 575 are subtle, but there are so many subtle differences they all add up to effectively a different car.

The 550 is the last of the mechanical cars. The 575 is the first of the next generation, just sat looking at the dash clusters tell you this.




Edited by 21ATS on Friday 17th April 14:08

cgt2

1,668 posts

146 months

Friday 17th April
quotequote all
Plus the 550 has much nicer dials (Jaeger), more classic cabin ambience (especially with 250GT quilted rear shelf) and doesn't have the annoying indicator beeps of the 575.

heihei

113 posts

153 months

Friday 17th April
quotequote all
720S up soon - should be interesting! Good spec, although shame not later-18 car.

MAC 720S

1,175 posts

105 months

Friday 17th April
quotequote all
heihei said:
720S up soon - should be interesting! Good spec, although shame not later-18 car.
Yes, it is a good spec. Will be interesting to see what it is sold for. Burton Blue is a fantastic colour.




HIS LM

1,065 posts

217 months

Friday 17th April
quotequote all
MAC 720S said:
Yes, it is a good spec. Will be interesting to see what it is sold for. Burton Blue is a fantastic colour.



Great spec. and colour that really is the mutts nuts, I bid you £120k

Trevor555

2,110 posts

42 months

Friday 17th April
quotequote all
HIS LM said:
MAC 720S said:
Yes, it is a good spec. Will be interesting to see what it is sold for. Burton Blue is a fantastic colour.



Great spec. and colour that really is the mutts nuts, I bid you £120k
Plus the 6% @ £7200

MAC 720S

1,175 posts

105 months

Friday 17th April
quotequote all
HIS LM said:
Great spec. and colour that really is the mutts nuts, I bid you £120k
Probably in the right ball-park.

Double gauche

299 posts

55 months

Friday 17th April
quotequote all
21ATS said:
The Surveyor said:
Why would anybody spend £30k to convert an 575 to manual when they are so similar to the 550. I know there are many incremental updates between the cars, but they are still essentially the same in concept, and as these cars get older 'originality' will only become a greater factor in their value over any improvements in the way they drive.
I guess you'd need to ask an owner that's done it.

Like you I decided that a 550 was the way forward for me, despite the 575 being mechanically superior in a lot of respects. Lots of little issues and problems were solved in the 575 generation.

Once I started looking earnest I then found I actually prefered the purity of the original Maranello design.

After a while you realise this was the point at which Ferrari really did step away from mechanical to electronics. The differences between a 550 and 575 are subtle, but there are so many subtle differences they all add up to effectively a different car.

The 550 is the last of the mechanical cars. The 575 is the first of the next generation, just sat looking at the dash clusters tell you this.


I get the beauty of a gated Manual. But the 575 is a GT car. Doesn’t an f1auto suit it better ?



Edited by 21ATS on Friday 17th April 14:08

DeuceDeuce

Original Poster:

155 posts

50 months

Friday 17th April
quotequote all
Trevor555 said:
Plus the 6% @ £7200
The fee is capped at £6k.

21ATS

186 posts

30 months

Friday 17th April
quotequote all
Some big stuff starting to roll out now. Some sellers must be liking the prices they are seeing achieved. Be interesting to see how this unfolds over the next month or so.

812 Superfast - https://collectingcars.com/for-sale/2018-ferrari-8...

Ford GT - https://collectingcars.com/for-sale/2005-ford-gt