Collectable Ferraris, 1031 Tax Trades* & the I.R.S.
Let the good times roll The 10 May RM Auction in Monaco again raised the price bar to all new price levels with RM selling over 41.m €uro ($56m) in total with a 93% “close ratio”! The highest price paid was for 275 GTB/C s/n 9067 sold at 5,712m €uro ($7.8m). The long-term numbers tell […]
How Many 599 SA Apertas
Every column has its inspiration and this column is the response to one of the oft-repeated questions that crosses my desk “Will the modern Ferraris, such as the Scuderia, the 16M, the 599 GTO or the 599 SA Aperta become classics like the Lusso, the 275 GTB or other collectable earlier Ferraris”? Sadly the answer […]
The Every-Day Exotic
Ferrari’s four-seat V12 models may not have the same cachet as its two-seaters, but these 2+2s are no less worthy of the famed Prancing Horse badge. They are fast, exotic, comfortable and, despite their larger size, very enjoyable to drive. And prior to the launch of the current FF, the 612 Scaglietti, which was introduced […]
Revisiting Ferrari’s Cycle of Booms and Busts
Every two or three years I revisit the world’s economies as they have been, at best, volatile, with major changes in direction coming every few years, all of which affect today and tomorrow’s Ferrari markets. Booms and bust repeat for reasons that are unfortunately only all-too-clear in the rear-view mirror of life. As aspiring Ferrari-socio-economists […]
Ferraris Ride Unusual Tides
The Monterey auctions have again redefined the auction world’s segment of the collector car market, and, as usual, Ferraris are in the top tier of cars. Gooding offered 15 Ferraris with two no-sales for an 87% close rate and $40,276,500 in sales. RM was close behind with 14 Ferraris on offer, with all selling for […]
The Brave New World of Ferraris in China
Every few days, I’m asked (or told) about the many Enzo-era cars going to China — or asked what are the best Enzo-era Ferraris to buy and hold in anticipation of the Chinese bidding the market up to the madness last seen when the Japanese started buying in 1986. The reality is that very few […]
A Clever 599 Sting
Our story begins with 2007 Ferrari 599 s/n 150098, the 26th U.S. model 599 built, in Grigio Silverstone with Bordeaux leather and heavily optioned with carbon ceramic brakes, luggage, carbon upper and lower interior, steering wheel with carbon and LEDs, electric Recaro seats and more. As one of the first 599s in the United States, […]
High-End Ferraris Booming
We all know that the planet went into recession in 2007 — and fell off the proverbial economic cliff on September 15, 2008, when Lehman Brothers was thrown into bankruptcy. The Dow dropped 500 points on that day — and then even further. Banks and businesses failed, and the gloom set in. Many markets slowed […]
Ferraris Perpetual Parts Problem
We continually have older Ferraris in pre-sale or pre-purchase inspection and stay involved in the follow-up work or additional work requested by clients. There isn’t a day that goes by without hearing of ongoing parts problems from the many shops we deal with. Federal law requires all manufacturers to supply replacement parts for 10 years […]
Are Ferraris Booming or Bubbling?
The used Ferrari market has always been both a reflection of — and an overreaction to — the economy. When times are good, Ferrari prices rapidly rise, and when the economy is bad, buyers go into hibernation and prices fall. Recent sales from Scottsdale and Amelia Island last month indicate that we are in a […]