Ferrari (NYSE:RACE) is the #1 Focal Point of the Collector Car Market

Ferrari (NYSE:RACE) is the #1 Focal Point of the Collector Car Market

Ferrari (NYSE:RACE) is the #1 Focal Point of the Collector Car Market

$RACE

In Y 2016 Ferraris cars were once again the undisputed focal point of the collector car market, as 187 of Maranello’s finest we under the hammer in Y 2016.

The 1957 Ferrari 335 Sport Scaglietti sold at auction in Paris last year at $35.7-M pictured above , is one of the priciest automobiles ever to cross the block.

The Big Q’s: What will happen to Ferrari prices in Y 2017 and beyond, will the Trump Presidency usher in a new wave of optimism in the markets?

The Big A: We will soon know with the Scottsdale/Kissimmee auctions coming up this month, followed by Paris sales.

Ferraris Sold at Auction in Y 2016 as compiled by Sports Car Digest’s Rick Carey.

Mecum Kissimmee 2016 – Auction Report

1986 Ferrari Testarossa Coupe, Body by Pininfarina

Lot # T87.1 1986 Ferrari Testarossa Coupe, Body by Pininfarina; S/N ZFFSA17A6G0060807; Red/Black leather; Unrestored original, 3+ condition; With Reserve; Hammered Sold at $125,000 + commission of 10.00%; Final Price $137,500. Despite the unknown history and used presentation, this car brought a very strong price for a Testarossa in this condition.

1974 Ferrari Dino 246 GTS Targa, Body by Scaglietti

Lot # T200.1 1974 Ferrari Dino 246 GTS Targa, Body by Scaglietti; S/N 08252; Fly Yellow/Tan leather with Black inserts; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $400,000 the restoration was fresh, for $78,100.

1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti

Lot # T203 1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti; S/N 16109; Fly Yellow/Black leather; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $800,000. The reported high bid was generous for a Daytona in this condition, so why it did not see the car off to a new home is a mystery.

1967 Ferrari 330 GTC Coupe, Body by Pininfarina

Lot # T206 1967 Ferrari 330 GTC Coupe, Body by Pininfarina; S/N 9955; Engine # 9955; Rosso Corsa/Tan leather; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $600,000. The 330 GTC will not command the same respect and collect-ability of the 275 GTB. The Kissimmee bidders were behind the curve on this one. While imperfect, it could have asked another $100,000, so holding it was a reasonable choice for the owner.

1985 Ferrari 308 GTS Targa, Body by Pininfarina

Lot # F52 1985 Ferrari 308 GTS Targa, Body by Pininfarina; S/N ZFFUA13A6F0057063; Red/Black leather with Red inserts; Unrestored original, 3+ condition; No Reserve; Hammered Sold at $47,000 + commission of 10.00%; Final Price $51,700. A no reserve lot, this 308 GTS sold in 2016 for 2014 money.

 1990 Ferrari 348ts Targa

Lot # S14 1990 Ferrari 348ts Targa, Body by Pininfarina; S/N ZFFFG36A6L0087190; Rosso Corsa/Tan leather; Unrestored original, 2- condition; With Reserve; Hammered Sold at $54,000 + commission of 10.00%; Final Price $59,400.

1967 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina

Lot # S85.1 1967 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina; S/N 11471; Red/Tan leather; Older restoration, 3+ condition; With Reserve; Not sold at Hammer bid of $225,000.

1967 Ferrari 275 GTB/4 Berlinetta, Body by Scaglietti

Lot # S119 1967 Ferrari 275 GTB/4 Berlinetta, Body by Scaglietti; S/N 10717; Engine # 10717; Grigio Mahmoud/Tan leather; Unrestored original, 3+ condition; With Reserve; Not sold at Hammer bid of $2,800,000. Originality and condition both commend this 4-cam car, which is worth over $3-M.

2005 Ferrari 575M Maranello Coupe, Body by Pininfarina

Lot # S146 2005 Ferrari 575M Maranello Coupe, Body by Pininfarina; S/N ZFFBV55A750139933; Red/Black leather; Unrestored original, 2 condition; With Reserve; Not sold at Hammer bid of $220,000. This 575M is still just a used car. It would have cost about $250,000 new.

1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti

Lot # S170 1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti; S/N 16701; Azzuro/Black leather; Unrestored original, 2- condition; With Reserve; Post-block sale at $700,000 + commission of 10.00%; Final Price $770,000 The price is appropriate to its history and condition.

To review the entire listing please go to: Sports Car Digest, Ferrari cars at auction in Y 2016

For your further reference: (See Ferraris Sold at Auction in 2015)(See Ferraris Sold at Auction in 2014)

And for a list of the most expensive cars sold at auction in Y 2016 click: here

By Rick Carey

Paul Ebeling, Editor

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 58.14 30 December 2016 0.31 58.44 58.46 57.95 303,700
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Very Bullish (0.53) Bullish (0.34) Very Bullish (0.54) Very Bullish (0.71)

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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