Collecting Cars auction results
Discussion
21ATS said:
I see the Pista final bid starting with a "2".
Whilst we're looking at most cars selling on Collecting Cars and wondering why people are bidding retail or sometimes over retail, the one brand consistently raising eyebrows is Ferrari. There seems to be a lot of suggestion that the numbers are low.
Have prices tanked? I don't think so, personally I feel this brand more than any other (Porsche running a close second) manage to artifically control asking and advertised prices more than any other manufacturer/brand. I think they've been overpriced for a while, or at least asking prices have been too high since pre covid times.
I also feel they have one of the largest spreads between asking prices and actual selling prices of pretty much any brand.
You don't need to dig too deep to find out that what was considered a difficult car to get hold of has actually been sitting with dealers struggling to shift stock.
None of this has basis other than my own meandering musings and what I've found when trying to buy an older model. The new stuff seems to taking a real bath presently. Reality being there are only so many people that have the ability to drop a quarter of million pounds on a car. Remove all the people that were marginal on finance that can now not get finance, then remove all the people that feel they probably shouldn't be buying one right now (for any number of reasons) and your small pool of buyers is evapourating quickly.
If it goes for a sensible bid, chances are it will be a dealer outbidding private buyers. Make of that what you will.
Under normal circumstances I'd agree. I think anyone paying north of 295 is an idiot. However, the problem with CC is that people are at at home on lock down and after a few beers the fun starts.....Whilst we're looking at most cars selling on Collecting Cars and wondering why people are bidding retail or sometimes over retail, the one brand consistently raising eyebrows is Ferrari. There seems to be a lot of suggestion that the numbers are low.
Have prices tanked? I don't think so, personally I feel this brand more than any other (Porsche running a close second) manage to artifically control asking and advertised prices more than any other manufacturer/brand. I think they've been overpriced for a while, or at least asking prices have been too high since pre covid times.
I also feel they have one of the largest spreads between asking prices and actual selling prices of pretty much any brand.
You don't need to dig too deep to find out that what was considered a difficult car to get hold of has actually been sitting with dealers struggling to shift stock.
None of this has basis other than my own meandering musings and what I've found when trying to buy an older model. The new stuff seems to taking a real bath presently. Reality being there are only so many people that have the ability to drop a quarter of million pounds on a car. Remove all the people that were marginal on finance that can now not get finance, then remove all the people that feel they probably shouldn't be buying one right now (for any number of reasons) and your small pool of buyers is evapourating quickly.
If it goes for a sensible bid, chances are it will be a dealer outbidding private buyers. Make of that what you will.
Calculator said:
av185 said:
Such as?
Apart from the obvious Mclarens, other high end stuff is holding up remarkably well.
How do you know?Apart from the obvious Mclarens, other high end stuff is holding up remarkably well.
9k mile 2016 991.1 GT3 RS sold for £133500 just over basic list for ave spec car a few weeks back.
2017 4 owner Performante made £156k a couple of days back effectively good retail money.
Just 2 examples of many.
av185 said:
Such as?
Apart from the obvious Mclarens, other high end stuff is holding up remarkably well.
My post was referring specifically to Ferrari.Apart from the obvious Mclarens, other high end stuff is holding up remarkably well.
I don't follow other brands, they are of little interest to me personally and I generally prefer older cars.
However the 812 was a bath whatever way you look at it.
We;re about to find out what a Pista will command. It's not like there's a shortage of them.
How about the FF? Sub £100K for a nice example.
I'd love to see a lusso on CC, it would be comfortably -30% on classified asking prices.
Plenty of baths being taken on later model Ferrari's.
21ATS said:
My post was referring specifically to Ferrari.
I don't follow other brands, they are of little interest to me personally and I generally prefer older cars.
However the 812 was a bath whatever way you look at it.
We;re about to find out what a Pista will command. It's not like there's a shortage of them.
How about the FF? Sub £100K for a nice example.
I'd love to see a lusso on CC, it would be comfortably -30% on classified asking prices.
Plenty of baths being taken on later model Ferrari's.
BREAKING NEWS.... V12 Ferrari depreciates.... oh, sorry they always have, no news here.I don't follow other brands, they are of little interest to me personally and I generally prefer older cars.
However the 812 was a bath whatever way you look at it.
We;re about to find out what a Pista will command. It's not like there's a shortage of them.
How about the FF? Sub £100K for a nice example.
I'd love to see a lusso on CC, it would be comfortably -30% on classified asking prices.
Plenty of baths being taken on later model Ferrari's.
Pro Bono said:
This could prove expensive if you're looking at it after a few too many beers! 
https://collectingcars.com/for-sale/2019-ferrari-4...
As an interesting diversion let's have a guessing game as to the eventual sale price. The final price must include the £6k premium.
I'll kick off with £323,100.
I reckon £285k + fees.https://collectingcars.com/for-sale/2019-ferrari-4...
As an interesting diversion let's have a guessing game as to the eventual sale price. The final price must include the £6k premium.
I'll kick off with £323,100.
ettore said:
I agree that the prices are actually surprisingly strong. The Silverstone Auction prices yesterday were also, quite staggeringly strong. In fact, they look way stronger than the previous 12 months.
Strange things afoot!
Interest rates gone down.Strange things afoot!
Not worth keeping it in the bank, may as well spend and enjoy.
Meanwhile at the other end of the scale, I thought this SLK32 was a total bargain at just £6k. Was very tempted have a punt, as always fancied one.
https://collectingcars.com/for-sale/2002-mercedes-...
https://collectingcars.com/for-sale/2002-mercedes-...
Taffy66 said:
Trevor555 said:
Interest rates gone down.
Not worth keeping it in the bank, may as well spend and enjoy.
This plus the much needed correction had already been in force for the last year or so.Not worth keeping it in the bank, may as well spend and enjoy.
ettore said:
I agree that the prices are actually surprisingly strong. The Silverstone Auction prices yesterday were also, quite staggeringly strong. In fact, they look way stronger than the previous 12 months.
Strange things afoot!
I buy and sell plant and machinery for a living, and this is pretty much felt in my market too. Auction prices are through the roof in some cases exceeding retail pricing Strange things afoot!
21ATS said:
The market for 575's is pretty slim. Anyone wanting to buy one generally knows what's going on and where, there really aren't that many of them in the grand scheme of things.
To that end if there was a buyer for that car they would have been bidding on CC to buy, in fact a few were. Their threshold was low £50K + 6%. So I'm struggling to see who's going to buy it at £70k.
Just my thoughts.
Think you'd like this if it was a 550. The 575 bought on CC appears to have gone already and in its place this one in lovely colours. Gorgeous imo.To that end if there was a buyer for that car they would have been bidding on CC to buy, in fact a few were. Their threshold was low £50K + 6%. So I'm struggling to see who's going to buy it at £70k.
Just my thoughts.
http://www.justinbanks.com/2002-ferrari-575m-maran...
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