A Lot of Metal will cross the Block

[xs10shl]

To quote an observation I made on another site: based on Monterey auction history, the only guarantee we have is that someone is sure to spend $35,000 on a BMW Isetta.

[ClassicFerrari]

Originally Posted by iwanna860monza

.....Ferrari 512 BB/LM #26681 - Estimate $800,000 - 1.0 mil......

Thanks for sharing! I aint no expert but isnt that a low estimate for a BBLM?

[billnoon]

With a bit of inside knowledge, I would state the estimates on the BB/LM are likely spot on... maybe a bit high on the high side but no reserve at RM means no reserve. Whatever the final bid is, the car is not going back to Chicago but onto a new and hopefully enthusiastic home.

Hope someone is paying attention as that is one very special machine. Wish I could have made the sale but we went to market two years too late with it.

Cheers,

Bill

[PSk]

There are 2 cars there that would really make Jim's collection unbelievably amazing, ie. the Mk1 GT40 and the 917 Porsche.

Or is the 917 a little too modern for Jim's road use option?
Pete

[Napolis]

Originally Posted by PSk

There are 2 cars there that would really make Jim's collection unbelievably amazing, ie. the Mk1 GT40 and the 917 Porsche.

Or is the 917 a little too modern for Jim's road use option?
Pete

917's aren't really suited for road use.

They are wonderful.

The MKI I'd buy isn't for sale.

Best

[Napolis]

A few thoughts for anyone thinking about bidding.

There is a LOT of metal for sale.

It's Very important to do your research VERY carefully.

There is a lot of metal that has issues.

Some issues may not bother you but you should know what they are and what the consequences of those issues may be.

The truth is out there and it's important to use your eyes. Take this thread for example:

http://www.ferrarichat.com/forum/sho...ht=Transporter

Outside of these auctions there are a LOT of cars for sale.

I personally know of Three 250 TDF's, a comp 275 GTB, a very good 250 GTO, etc, etc.

IMO I think patience will be rewarded.

Digging VERY deep to find the truth is always rewarded.

[VIZSLA]

Not being a bid believer in coincidence I have to assume that all these cars are hitting the market at once for a reason.
Either all the sellers are short on cash (unlikely) of they see today's market as high water not likely to be hit again for quite some time.

[ggjjr]

Or, that people just have too many cars to really enjoy them. I sold a car a year ago just because I felt it sat too much, needed some work, and I just didn't have the time. I can certainly see some of these collectors with ten cars saying, "I really love them, but I just don't have the time..."

George

[silver1331]

Originally Posted by VIZSLA

Not being a bid believer in coincidence I have to assume that all these cars are hitting the market at once for a reason.
Either all the sellers are short on cash (unlikely) of they see today's market as high water not likely to be hit again for quite some time.

Or people are saying these cars have held in relatively well during the last few years while most other asset classes have taken a decent hit (especially real estate) so maybe it makes more sense to sell of 1-2 cars in the collection to reinvest in other asset classes. That doesnt mean prices wont go up more, it just means some people think prices on ferrari's will underperform on a relative basis...2 very different things.

Plus i think everyone after 2008 realizes the virtue of sitting on some cash...even if it is a horrible return there is the psychological benefit of having it in your bank account.

[VIZSLA]

Originally Posted by silver1331

Or people are saying these cars have held in relatively well during the last few years while most other asset classes have taken a decent hit (especially real estate) so maybe it makes more sense to sell of 1-2 cars in the collection to reinvest in other asset classes. That doesnt mean prices wont go up more, it just means some people think prices on ferrari's will underperform on a relative basis...2 very different things.

Plus i think everyone after 2008 realizes the virtue of sitting on some cash...even if it is a horrible return there is the psychological benefit of having it in your bank account.

Every seller and every buyer acts on their own unique motives. When this many act in the same fashion something is up in the market as a whole. I'm just speculating as to what it might be. I've been wrong before.

[ColdWater]

There's lots of metal and varied motivations on the sell side, but recent prices and sell-thorough rates suggest that demand is rising as well. The market is coming back to life.

With so much liquidity pumped into the economy and the environment for business investment looking especially unattractive, it's only natural that more money will flow into consumption and non-productive investment, particularly into assets that appear to hold some promise of protection against future inflation. In many ways, the 1970s offer insights into where we are heading.

Collector cars are also a great way to inconspicuously enjoy wealth at a time when success has been demonized. In an older car the public greets you with smiles and thumbs up. In a late model car worth a fraction of that (and depreciating fast), you get rude gestures instead.

[technom3]

Originally Posted by Napolis

917's aren't really suited for road use.

They are wonderful.

The MKI I'd buy isn't for sale.

Best

out of curiosity... which MKI interests you the most?

[Napolis]

Originally Posted by technom3

out of curiosity... which MKI interests you the most?

The one that won Le Mans Twice.

[technom3]

Originally Posted by Napolis

The one that won Le Mans Twice.

I figured! I love that car... I feel fortunate having been around that car a bit. I think its amazing that the older car was able to be modified and win... TWICE!

[Napolis]

Originally Posted by technom3

I figured! I love that car... I feel fortunate having been around that car a bit. I think its amazing that the older car was able to be modified and win... TWICE!

After 67 the rules changed and the big MK-IV's and P4's were outlawed.

The MK I ran as a production Sports car not a prototype.

Pretty Cool.

[ferrari4evr1]

Originally Posted by Napolis

After 67 the rules changed and the big MK-IV's and P4's were outlawed.

The MK I ran as a production Sports car not a prototype.

Pretty Cool.

Wasn't that #1075, Jim?


James

[Napolis]

Originally Posted by ferrari4evr1

Wasn't that #1075, Jim?


James

Yes.

[Mrpbody44]

Originally Posted by ggjjr

Or, that people just have too many cars to really enjoy them. I sold a car a year ago just because I felt it sat too much, needed some work, and I just didn't have the time. I can certainly see some of these collectors with ten cars saying, "I really love them, but I just don't have the time..."

George

I am at that stage with my motorcycle collection. I have 107 vintage euro racing motorcycles. I ride 10 of them. I have my own track and ride just about every day but really need to get rid of stuff. I am in the market for a car but will just have one nice one.

[BigTex]

Well, that BBLM might be a little tight for your track, but that's a LOT of car!!!

One of my personal favs....I recall one in Autoweek for $375K..(Pioneer livery)......a "good deal" I thought to myself...

[HMS]

Originally Posted by Napolis

The one that won Le Mans Twice.

Jim,

Is that the red #23 car? If so, I remember seeing that car for sale here in LA at an outfit called Black on Black on Wilshire Bl. back in the late 1980's or early 90's.