550 WSR for sale at Historics Nov 2015

550 WSR for sale at Historics Nov 2015

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Discussion

namnol

Original Poster:

38 posts

211 months

Monday 26th October 2015
quotequote all
With last weeks 550 selling well at H&H looks like there is another on the way.

http://www.historics.co.uk/buying/auctions/2015-11...

Est £230-260,000

They sold another with the same kms for £179,200

So what does everyone see this at? WSR is only 33 cars worldwide so bound to be worth a lot one day.

clarkei

72 posts

162 months

Monday 26th October 2015
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Looks like the same car

johnnyreggae

2,944 posts

161 months

Monday 26th October 2015
quotequote all
One beige interior one black

namnol

Original Poster:

38 posts

211 months

Monday 26th October 2015
quotequote all
clarkei said:
Looks like the same car
Different chassis numbers, interior and wheels. Close on kms so will be interesting.

Camlet

1,132 posts

150 months

Monday 26th October 2015
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I don't know what's more hilarious. The guide price on this 550 or the fact the same bloated price is on the 599 Alonso.

Anjum

1,605 posts

285 months

Tuesday 27th October 2015
quotequote all
I loved my 550's - and my last one was a WSR. I sold it in 2013 - for nowhere near that price - under six figures. I think this price is ridiculous and someone is chancing their luck!

traxx

3,143 posts

223 months

Tuesday 27th October 2015
quotequote all
WSR / Alonso etc might be limited editions but whats really so special about them?

Cant really see how that car is possibly be worth that money, but good luck to the seller

btw it was only 18 months ago that I have great emails from two of the big dealers telling me that in their opinion my 599GTO was at most worth £20,000 more than a standard 599. Funny now that both of them are happy to advertise GTOs at 350k over the standard 599

Anjum

1,605 posts

285 months

Tuesday 27th October 2015
quotequote all
Completely agree Traxx.

The WSR had a FHP, Rollcage, harness, sports stuff, carbon - and rose jointed suspension - the geo was a little different (faster turn in) - but that was it. I'm pretty sure you could spec most of that on the options list for a standard 550 (I would stay away from the FHP on the 550 personally) - It worked if you tracked the car....but would I pay what is being asked for it? Absolutely no chance.

The 599 Alonso edition - is just a tat paint job from what I could see.....

Was looking at your GTO when it was for sale at HRO - was very tempted. A truly special car - thank you FXX programme!

WCZ

10,544 posts

195 months

Wednesday 28th October 2015
quotequote all
traxx said:
btw it was only 18 months ago that I have great emails from two of the big dealers telling me that in their opinion my 599GTO was at most worth £20,000 more than a standard 599
hahaha

NAS90

146 posts

113 months

Friday 30th October 2015
quotequote all
The classic car market always evolves in the same way, when a car is out of fashion the limited edition versions add next to nothing to the value, hence a WSR in 2013 was probably only a 60K car, not much more than a regular car.

However when a model becomes fashionable for collectors, as the 550 has now, the limited edition models are the ones that become the most desirable, so whilst prices on these cars have certainly increased a huge amount in the past 2 years, it doesn't mean the prices are 'ridiculous' or 'overinflated' it just reflects normal market trends. Prices are only just over the original list price, which again is pretty typical in the market, look at other performance cars from this era which were cheap a couple of years ago but are now back up to around their original list; Porsche GT3 was around 75k new and is now selling in the 70-90k range, Porsche GT2 was a 110k car in 2001 and is now selling around this money.

If you wanted any one of these cars but missed the boat, or even worse sold yours before the market moved that is unfortunate, but anyone who bought one a few years ago will now be sitting on a great investment. The market is still expanding and the like of the WSR could easy move a good bit further before prices level off because it was made in such low numbers.

Camlet

1,132 posts

150 months

Friday 30th October 2015
quotequote all
NAS90 said:
The classic car market always evolves in the same way, when a car is out of fashion the limited edition versions add next to nothing to the value, hence a WSR in 2013 was probably only a 60K car, not much more than a regular car.

However when a model becomes fashionable for collectors, as the 550 has now, the limited edition models are the ones that become the most desirable, so whilst prices on these cars have certainly increased a huge amount in the past 2 years, it doesn't mean the prices are 'ridiculous' or 'overinflated' it just reflects normal market trends. Prices are only just over the original list price, which again is pretty typical in the market, look at other performance cars from this era which were cheap a couple of years ago but are now back up to around their original list; Porsche GT3 was around 75k new and is now selling in the 70-90k range, Porsche GT2 was a 110k car in 2001 and is now selling around this money.

If you wanted any one of these cars but missed the boat, or even worse sold yours before the market moved that is unfortunate, but anyone who bought one a few years ago will now be sitting on a great investment. The market is still expanding and the like of the WSR could easy move a good bit further before prices level off because it was made in such low numbers.
Perhaps I'm getting into the weeds here, but there's limited edition and there's limited edition. The WSR is limited in number because as you say, it wasn't that different. It's not even close to the status of say a 550 Barchetta. I put the WSR in the same bucket as the ghastly 599 Alonso. Limited by demand, and a cosmetic exercise rather than offering any tangible difference. A rising tide floats everything and I view the WSR as high risk investment grade, especially at current prices. If there's a correction, and inevitably there will be, a WSR at these levels will drop like a stone. Buy it for love; for investment there are better opportunities.

Anjum

1,605 posts

285 months

Friday 30th October 2015
quotequote all
Camlet said:
Perhaps I'm getting into the weeds here, but there's limited edition and there's limited edition. The WSR is limited in number because as you say, it wasn't that different. It's not even close to the status of say a 550 Barchetta. I put the WSR in the same bucket as the ghastly 599 Alonso. Limited by demand, and a cosmetic exercise rather than offering any tangible difference. A rising tide floats everything and I view the WSR as high risk investment grade, especially at current prices. If there's a correction, and inevitably there will be, a WSR at these levels will drop like a stone. Buy it for love; for investment there are better opportunities.
Well said that man!

namnol

Original Poster:

38 posts

211 months

Friday 30th October 2015
quotequote all
Camlet said:
NAS90 said:
The classic car market always evolves in the same way, when a car is out of fashion the limited edition versions add next to nothing to the value, hence a WSR in 2013 was probably only a 60K car, not much more than a regular car.

However when a model becomes fashionable for collectors, as the 550 has now, the limited edition models are the ones that become the most desirable, so whilst prices on these cars have certainly increased a huge amount in the past 2 years, it doesn't mean the prices are 'ridiculous' or 'overinflated' it just reflects normal market trends. Prices are only just over the original list price, which again is pretty typical in the market, look at other performance cars from this era which were cheap a couple of years ago but are now back up to around their original list; Porsche GT3 was around 75k new and is now selling in the 70-90k range, Porsche GT2 was a 110k car in 2001 and is now selling around this money.

If you wanted any one of these cars but missed the boat, or even worse sold yours before the market moved that is unfortunate, but anyone who bought one a few years ago will now be sitting on a great investment. The market is still expanding and the like of the WSR could easy move a good bit further before prices level off because it was made in such low numbers.
Perhaps I'm getting into the weeds here, but there's limited edition and there's limited edition. The WSR is limited in number because as you say, it wasn't that different. It's not even close to the status of say a 550 Barchetta. I put the WSR in the same bucket as the ghastly 599 Alonso. Limited by demand, and a cosmetic exercise rather than offering any tangible difference. A rising tide floats everything and I view the WSR as high risk investment grade, especially at current prices. If there's a correction, and inevitably there will be, a WSR at these levels will drop like a stone. Buy it for love; for investment there are better opportunities.
IMO the 599 Alonso is a turd, a massive stinking turd of a car.

In theory a WSR will just sit at the top of 550 berlinetta values and not much more, the market demand sets the value. With so few cars it's hard to value but I very much doubt a LHD WSR will break £200,000 all in with auction fees.

BUT to put something in perspective, the WSR was made due to the speed records set.
550's were a VERY successful GT race car globally.

The 599 that followed, did not race, did not hold a speed record and made a large number edition called the 599 GTO and the value of that car is totally over inflated.

Must also remember that Ferrari have always made cars that within that model there are little niche examples that are particularly sort after.
Ferrari TDF........ Ferrari TDF 14 Louvre.

And again they are making a TDF which is nothing more than a way to sell nearly an extra 800 cars!

Anjum

1,605 posts

285 months

Friday 30th October 2015
quotequote all
namnol said:
IMO the 599 Alonso is a turd, a massive stinking turd of a car.

In theory a WSR will just sit at the top of 550 berlinetta values and not much more, the market demand sets the value. With so few cars it's hard to value but I very much doubt a LHD WSR will break £200,000 all in with auction fees.

BUT to put something in perspective, the WSR was made due to the speed records set.
550's were a VERY successful GT race car globally.

The 599 that followed, did not race, did not hold a speed record and made a large number edition called the 599 GTO and the value of that car is totally over inflated.

Must also remember that Ferrari have always made cars that within that model there are little niche examples that are particularly sort after.
Ferrari TDF........ Ferrari TDF 14 Louvre.

And again they are making a TDF which is nothing more than a way to sell nearly an extra 800 cars!
Agree about Alonso.

As I recall the 550 WSR was built to commemorate the record (which was basically running the car flat out for 24 hours with stops for petrol). 33 cars were made. The 550 Barchetta was a limited run (100 maybe) - but was quite bendy - and with a terrible shower proof temporary roof! I don't think that the Factory supported 550 race cars - I think it was Prodrive?

599 GTO's - derived from feedback from the FXX programme - makes is as much track focused as you can get! I've been lucky to attend an FXX experience at Spa - trust me - these cars are driven to within an inch of their lives - and whatever perception of a rich mans folly that may be out there couldn't be further than the truth. The GTO is a fabulous car.

F12 TdF - if you're lucky enough to get hold of one - I'm sure will be off the scale Epic - 770 bhp - rear wheel steer to help tame it - just looks stunning.

Please feel free to correct any details that I got wrong!

namnol

Original Poster:

38 posts

211 months

Friday 30th October 2015
quotequote all
Anjum said:
Agree about Alonso.

As I recall the 550 WSR was built to commemorate the record (which was basically running the car flat out for 24 hours with stops for petrol). 33 cars were made. The 550 Barchetta was a limited run (100 maybe) - but was quite bendy - and with a terrible shower proof temporary roof! I don't think that the Factory supported 550 race cars - I think it was Prodrive?

599 GTO's - derived from feedback from the FXX programme - makes is as much track focused as you can get! I've been lucky to attend an FXX experience at Spa - trust me - these cars are driven to within an inch of their lives - and whatever perception of a rich mans folly that may be out there couldn't be further than the truth. The GTO is a fabulous car.

F12 TdF - if you're lucky enough to get hold of one - I'm sure will be off the scale Epic - 770 bhp - rear wheel steer to help tame it - just looks stunning.

Please feel free to correct any details that I got wrong!
Barchetta was 448 cars and 48 RHD to memory - I could be wrong. They made a premium for a day and fell like stones in value until gaining momentum and passing their new value again.

The 550 GTB has been a long time undervalued and at nearly 20 years old I think it deserves to be back at it's new cost - it was a well regarded car by so many magazines etc

599 GTO is a cracking car but I feel the GTO should be saved for "racers" - agreed and I know some of the drivers on the FXX programme and they have a good job ;-)

Prodrive commissioned for the race programme and what a stunning efficient machine.

F12 TDF is stunning but 799 cars is not small number limited edition that's just a numbered edition, in the same way a Ducati Desmo was 1500 bikes!!! Stunning and I will own one but it's a huge number of expensive bikes.

Back to the thread I think it will be interesting to see the demand in the room - personally I don't think it will pass £200k IMO


jtremlett

1,378 posts

223 months

Friday 30th October 2015
quotequote all
Anjum said:
Agree about Alonso.

As I recall the 550 WSR was built to commemorate the record (which was basically running the car flat out for 24 hours with stops for petrol). 33 cars were made. The 550 Barchetta was a limited run (100 maybe) - but was quite bendy - and with a terrible shower proof temporary roof! I don't think that the Factory supported 550 race cars - I think it was Prodrive?

599 GTO's - derived from feedback from the FXX programme - makes is as much track focused as you can get! I've been lucky to attend an FXX experience at Spa - trust me - these cars are driven to within an inch of their lives - and whatever perception of a rich mans folly that may be out there couldn't be further than the truth. The GTO is a fabulous car.

F12 TdF - if you're lucky enough to get hold of one - I'm sure will be off the scale Epic - 770 bhp - rear wheel steer to help tame it - just looks stunning.

Please feel free to correct any details that I got wrong!
550 Barchetta - 448 (excluding prototypes).

FXX programme "cars are driven to within an inch of their lives"? Ha! I was at the World Finals at Mugello in 2008 and Michael Schumacher joined in the FXX session in his own FXX, in shirt sleeves and cap, no helmet, and with Luca Badoer in the passenger seat. He had pretty much lapped all the other cars after two laps. None of which means the 599 GTO is not a great car but don't get too carried away by the sights and (glorious!) sounds of the FXX programme.

With regards to the 550 WSR, I give it a little more credit than the 599 Alonso in that at least it doesn't look so tacky, but it is basically a standard 550 with a specific set of options. Personally I wouldn't pay extra for one. Better to choose one with the colour combination and options you want, although if you do want a UK car in Titanium with Bordeaux interior then a WSR is a good bet.

Jonathan


Camlet

1,132 posts

150 months

Friday 30th October 2015
quotequote all
namnol said:
Camlet said:
NAS90 said:
The classic car market always evolves in the same way, when a car is out of fashion the limited edition versions add next to nothing to the value, hence a WSR in 2013 was probably only a 60K car, not much more than a regular car.

However when a model becomes fashionable for collectors, as the 550 has now, the limited edition models are the ones that become the most desirable, so whilst prices on these cars have certainly increased a huge amount in the past 2 years, it doesn't mean the prices are 'ridiculous' or 'overinflated' it just reflects normal market trends. Prices are only just over the original list price, which again is pretty typical in the market, look at other performance cars from this era which were cheap a couple of years ago but are now back up to around their original list; Porsche GT3 was around 75k new and is now selling in the 70-90k range, Porsche GT2 was a 110k car in 2001 and is now selling around this money.

If you wanted any one of these cars but missed the boat, or even worse sold yours before the market moved that is unfortunate, but anyone who bought one a few years ago will now be sitting on a great investment. The market is still expanding and the like of the WSR could easy move a good bit further before prices level off because it was made in such low numbers.
Perhaps I'm getting into the weeds here, but there's limited edition and there's limited edition. The WSR is limited in number because as you say, it wasn't that different. It's not even close to the status of say a 550 Barchetta. I put the WSR in the same bucket as the ghastly 599 Alonso. Limited by demand, and a cosmetic exercise rather than offering any tangible difference. A rising tide floats everything and I view the WSR as high risk investment grade, especially at current prices. If there's a correction, and inevitably there will be, a WSR at these levels will drop like a stone. Buy it for love; for investment there are better opportunities.
IMO the 599 Alonso is a turd, a massive stinking turd of a car.

In theory a WSR will just sit at the top of 550 berlinetta values and not much more, the market demand sets the value. With so few cars it's hard to value but I very much doubt a LHD WSR will break £200,000 all in with auction fees.

BUT to put something in perspective, the WSR was made due to the speed records set.
550's were a VERY successful GT race car globally.

The 599 that followed, did not race, did not hold a speed record and made a large number edition called the 599 GTO and the value of that car is totally over inflated.

Must also remember that Ferrari have always made cars that within that model there are little niche examples that are particularly sort after.
Ferrari TDF........ Ferrari TDF 14 Louvre.

And again they are making a TDF which is nothing more than a way to sell nearly an extra 800 cars!
Sorry you couldn't be more wrong about the 599 GTO. It's a very different car from the GTB. The GTO is a beast. As for the TDF of course Ferrari want to sell another 799 cars at high margin. No st. But again take it from me the TDF is a massively reworked F12 and is anything but cosmetic. It's going to be epic.

Anjum

1,605 posts

285 months

Saturday 31st October 2015
quotequote all
jtremlett said:
50 Barchetta - 448 (excluding prototypes).

FXX programme "cars are driven to within an inch of their lives"? Ha! I was at the World Finals at Mugello in 2008 and Michael Schumacher joined in the FXX session in his own FXX, in shirt sleeves and cap, no helmet, and with Luca Badoer in the passenger seat. He had pretty much lapped all the other cars after two laps. None of which means the 599 GTO is not a great car but don't get too carried away by the sights and (glorious!) sounds of the FXX programme.

With regards to the 550 WSR, I give it a little more credit than the 599 Alonso in that at least it doesn't look so tacky, but it is basically a standard 550 with a specific set of options. Personally I wouldn't pay extra for one. Better to choose one with the colour combination and options you want, although if you do want a UK car in Titanium with Bordeaux interior then a WSR is a good bet.

Jonathan
No doubt, an F1 driver can outdrive mere mortals, but I was at the FXX programme in Spa in September this year. There were former F1 drivers (Rene Arnoux, Marc Gene and Patrick Tambet) - The first day was sheet rain - and I was taken out by an owner who was particularly good (is doing very well in the 458 Challenge) - in the wet - and it was feral! He was such a good drive that I thought the car was super smooth. Couldn't tell who was lapped (there were 599's, Enzo's, and FXXK's going around the track, as well as F1 cars seperately). The next day, the weather was much better - dry, light wind with a hint of sun. On slicks (and not the wets of the day before) - the car was THE most aggressive, yet well balanced car I have ever been in (I've been in a few super cars/Hypercars/racecars) - it was SO aggressive - way more so that the day before - and in a way that no front engined/rear wheel drive car should ever be. If the F12 TdF can get any near close on road tyres - then I'll be gobsmacked! The slicks make such a difference.

I've been lucky enough to own a 599GTB, 599 GTB HGTC and a 599 GTO - and the 599 FXX was so different - I can see exactly where the changes between the GTB/HGTC and the GTO came from - but more so from a software perspective (as well as the slicks, obviously). I've also got know and have been coached by a couple of instructors from the programme - so not just the driving - but also understanding the software of the cars (ASC, ATC, Steering Input angles etc.). Do not underestimate how good the GTO is around a track - thank you FXX programme.

As an aside, I was also lucky enough to own a 550 WSR (which was the car that I have owned for the longest time - I just loved it - put 40K miles on the clock - best described as an old pair of slippers - you get to know each other and them just mould around each other - I loved mine).

namnol

Original Poster:

38 posts

211 months

Saturday 31st October 2015
quotequote all
Camlet said:
Sorry you couldn't be more wrong about the 599 GTO. It's a very different car from the GTB. The GTO is a beast. As for the TDF of course Ferrari want to sell another 799 cars at high margin. No st. But again take it from me the TDF is a massively reworked F12 and is anything but cosmetic. It's going to be epic.
I take my opinion of the GTO as an ex owner. No bitterness, I bought a cheap LHD car and sold it very well. I just don't think the car is worth the money or the badge IMO.

I much prefer the ex LM racecar and other bits it has given me for going.

namnol

Original Poster:

38 posts

211 months

Saturday 31st October 2015
quotequote all
Anjum said:
No doubt, an F1 driver can outdrive mere mortals, but I was at the FXX programme in Spa in September this year. There were former F1 drivers (Rene Arnoux, Marc Gene and Patrick Tambet) - The first day was sheet rain - and I was taken out by an owner who was particularly good (is doing very well in the 458 Challenge) - in the wet - and it was feral! He was such a good drive that I thought the car was super smooth. Couldn't tell who was lapped (there were 599's, Enzo's, and FXXK's going around the track, as well as F1 cars seperately). The next day, the weather was much better - dry, light wind with a hint of sun. On slicks (and not the wets of the day before) - the car was THE most aggressive, yet well balanced car I have ever been in (I've been in a few super cars/Hypercars/racecars) - it was SO aggressive - way more so that the day before - and in a way that no front engined/rear wheel drive car should ever be. If the F12 TdF can get any near close on road tyres - then I'll be gobsmacked! The slicks make such a difference.

I've been lucky enough to own a 599GTB, 599 GTB HGTC and a 599 GTO - and the 599 FXX was so different - I can see exactly where the changes between the GTB/HGTC and the GTO came from - but more so from a software perspective (as well as the slicks, obviously). I've also got know and have been coached by a couple of instructors from the programme - so not just the driving - but also understanding the software of the cars (ASC, ATC, Steering Input angles etc.). Do not underestimate how good the GTO is around a track - thank you FXX programme.

As an aside, I was also lucky enough to own a 550 WSR (which was the car that I have owned for the longest time - I just loved it - put 40K miles on the clock - best described as an old pair of slippers - you get to know each other and them just mould around each other - I loved mine).
You've had some lovely kit ^^^ well done and well done for using and enjoying them.

Opinions aside on the WSR being just 33 cars made mid production with a specific spec what do you think the car will make? My feeling is £200k all in. At that money its still "cheap" to some people and far better than many other older Ferraris at that level. 330 2+2, 512 etc