Collecting Cars auction results

Collecting Cars auction results

Author
Discussion

garystoybox

352 posts

72 months

Monday 25th May
quotequote all
rosino said:
I go for 285k + fees ending bid for the Pista. Reality is they are not loved as much as the Speciale was and the main diff with the speciale is that there was so much useless options you could spec for the speciale whilst people were encouraged or forced to go to town with the Pista.

The amount of depreciation these guys will face on these is insane. And as usual there were way more made than they led you to believe.. let’s see.

I agree with most comments here the value add is limited. But they had perfect timing with the lockdown with indeed people being home and longing for a dream to be bought. I am for one bought too much car related stuff over the period for sure...
To be fair, the average Pista had about £40k of extras, so new just under £300k. Ok the odd buyer will have gone to town but although no real overs it’s hardly a big depreciation hit if you can sell in the high £200’s (discounting the depreciation on all of the other other Ferrari’s you had to buy to get one).
IMO the Pista looks stunning, but to drive it doesn’t feel as big a step up on the 488 GTB as the Speciale felt on the Standard Italia.

Ferruccio

1,196 posts

74 months

Monday 25th May
quotequote all
rosino said:
The amount of depreciation these guys will face on these is insane.
You mean insanely good presumably, relative to the depreciation you’d normally suffer on a sports car?

650spider

1,010 posts

126 months

Monday 25th May
quotequote all
garystoybox said:
To be fair, the average Pista had about £40k of extras, so new just under £300k. Ok the odd buyer will have gone to town but although no real overs it’s hardly a big depreciation hit if you can sell in the high £200’s (discounting the depreciation on all of the other other Ferrari’s you had to buy to get one).
IMO the Pista looks stunning, but to drive it doesn’t feel as big a step up on the 488 GTB as the Speciale felt on the Standard Italia.
The Speciale shall most probably be worth more than the Pista in the not too distant future, although both shall have a fair bit of dropping to do in value in the meantime.

jtremlett

860 posts

177 months

Monday 25th May
quotequote all
rosino said:
I go for 285k + fees ending bid for the Pista. Reality is they are not loved as much as the Speciale was and the main diff with the speciale is that there was so much useless options you could spec for the speciale whilst people were encouraged or forced to go to town with the Pista.

The amount of depreciation these guys will face on these is insane. And as usual there were way more made than they led you to believe.. let’s see.

I agree with most comments here the value add is limited. But they had perfect timing with the lockdown with indeed people being home and longing for a dream to be bought. I am for one bought too much car related stuff over the period for sure...
Pista production hasn't finished yet. FWIW they have already made 25% more Pistas than Speciales (worldwide production). I don't yet know what the final number of UK deliveries will be.

ghost83

3,867 posts

145 months

Monday 25th May
quotequote all
ferdi p said:
Not sure how that's possible but after today anything is possible!
The 3 and 2 are next to each other and I type fairly quickly without looking at the screen,

footsoldier

1,691 posts

147 months

Monday 25th May
quotequote all
I guess £300k for the Pista

jsc15

981 posts

163 months

Monday 25th May
quotequote all
footsoldier said:
I guess £300k for the Pista
seems so, I guess we are still waiting a while longer for this long awaited "correction"

ferdi p

1,425 posts

127 months

Monday 25th May
quotequote all
ghost83 said:
ferdi p said:
Not sure how that's possible but after today anything is possible!
The 3 and 2 are next to each other and I type fairly quickly without looking at the screen,
You originally said "220k + fees" but you say you meant "320k including fees"

Not sure how that's a typo but if you say it is, then fair enough...

Pro Bono

231 posts

32 months

Monday 25th May
quotequote all
footsoldier said:
I guess £300k for the Pista
Congratulations - were you the buyer?

https://collectingcars.com/for-sale/2019-ferrari-4...

(Though I'm not sure whether the £6k premium is payable on a pre-auction sale).

ghost83

3,867 posts

145 months

Monday 25th May
quotequote all
ferdi p said:
You originally said "220k + fees" but you say you meant "320k including fees"

Not sure how that's a typo but if you say it is, then fair enough...
Not really something someone would lie about and not even worth an argument imo, it happens a lot with the i and u as they’re next to each other on the keyboard check a lot of my posts there’s quite a few mistakes like that, sometimes I spot them and edit sometimes I don’t


footsoldier

1,691 posts

147 months

Tuesday 26th May
quotequote all
Pro Bono said:
Congratulations - were you the buyer?

https://collectingcars.com/for-sale/2019-ferrari-4...

(Though I'm not sure whether the £6k premium is payable on a pre-auction sale).
No..., so don’t know!

MingtheMerciless

324 posts

164 months

Tuesday 26th May
quotequote all
Isn't it a 6% premium? So £318k for that Pista. Seems like strong enough money.

mstrbkr

7,441 posts

153 months

Tuesday 26th May
quotequote all
MingtheMerciless said:
Isn't it a 6% premium? So £318k for that Pista. Seems like strong enough money.
The maximum is £6000.

golfer19

1,336 posts

88 months

Tuesday 26th May
quotequote all
MingtheMerciless said:
Isn't it a 6% premium? So £318k for that Pista. Seems like strong enough money.
6% under £100k.
Maximum £6k over.

MingtheMerciless

324 posts

164 months

Tuesday 26th May
quotequote all
Ah OK sorry. I can't help thinking even £306k is strong enough. Certainly not an out and out bargain?

PrancingHorses

2,615 posts

162 months

Tuesday 26th May
quotequote all
This Pista still sold above list?

will_

5,821 posts

158 months

Tuesday 26th May
quotequote all
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!
Very strong indeed.

Will be interesting to see how Bonhams do this coming weekend.

I think this could be the death of many of the traditional "venue" auctions - looks like people are happier to bid unseen on-line than they are to actually view the cars and bid in the room.

footsoldier

1,691 posts

147 months

Tuesday 26th May
quotequote all
will_ said:
Very strong indeed.

Will be interesting to see how Bonhams do this coming weekend.

I think this could be the death of many of the traditional "venue" auctions - looks like people are happier to bid unseen on-line than they are to actually view the cars and bid in the room.
I think more likely that most people buying online don't normally buy from auctions, but are doing so now for various reasons.
No doubt a mix.

cayman-black

9,341 posts

171 months

Tuesday 26th May
quotequote all
footsoldier said:
Pro Bono said:
Congratulations - were you the buyer?

https://collectingcars.com/for-sale/2019-ferrari-4...

(Though I'm not sure whether the £6k premium is payable on a pre-auction sale).
No..., so don’t know!
It says selling price so i take it as £300k all in? Otherwise it says winning bid.?

South tdf

949 posts

150 months

Tuesday 26th May
quotequote all
Did I miss something or did it sell as buy it now? When I looked Saturday it was coming soon, then today sold?