Silverstone Auctions Ferrari sale
No cheap Ferraris left? Looks like there are one or two here...
Because Ferraris selling for huge sums of money has become almost the norm in recent years, to see a Ferrari-only auction with some fairly modest estimates comes as something of a surprise. Sure, the days of a £17k 456 are over, and the A-list classics are still megabucks, but Silverstone Auctions' upcoming sale does appear to have a few almost affordable lots.
Full disclosure: these probably aren't the Ferraris you had on your bedroom wall as a kid. That said, a Ferrari is still a Ferrari, and cars like this 328 offer something quite tempting. A left-hand drive, US targa may not be the most desirable spec, but it has a manual gearbox, a fresh MOT and just 37,000 miles. Most importantly, it's being sold without a reserve...
In fact there are a few similar US models available, all offered without reserve, following the death of a collector. His cars include a 1981 308 GTSi (black, 74k, "could benefit from some cosmetic restoration"), a 1985 Mondial QV Cab (red, £28-£33k, "perfect entry into affordable Ferrari ownership") and a red 308 GTSi, a 1980 car with 49,000 miles and which seems "a good solid basis for classic Ferrari ownership." We didn't say they were perfect...
Up the budget slightly and there look to be one or two interesting buys as well. While the lowest ebb of Ferrari 360 Modena pricing has passed, this Argento Nurburgring car with a manual 'box and race seats looks tempting with an estimate of £64,000-£74,000. A 575M is estimated at similar money - £58-£64k - albeit in left-hand drive with the F1 gearbox.
Nobody needs reminding that the 575's predecessor, the 550 Maranello, is now extremely desirable in classic car circles after a period in the doldrums. The Silverstone sale has a few on offer, including Jay Kay's car. In grey with red leather, it has covered 14,000 miles in the past 20 years. With its status as both the last manual-only V12 Ferrari and Jay Kay's former wheels, the 550 goes to the sale with an estimate of £135,000-£160,000.
Of course you can pay more than that for a 550 though, and it would be remiss not to mention a few of the fancier Ferraris going to tomorrow's sale. One of those is a 550 Barchetta; a UK car that's covered just 3,000 miles, it's expected to make anywhere between £325,000 and £375,000. In addition, there are right-hand drive versions of both the Daytona and the 512BBi being offered, carrying guide prices of £500-£575k and £210-£240k respectively. Think how many Mondial cabs you could buy for that money...
See the full lot list here.
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Also don't forget that auction bidders have next to no opportunity to test drive these cars in advance of the auction and that the new owner has no comeback if something goes wrong after he has driven out of the compound.
You're a braver man than me to take that risk with an unknown old Ferrari!
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