Ferrari (NYSE:RACE) Classiche IDs Fakes and Forgeries
With any rare or limited-production vintage or classic car, it is important to know that it is authentic.
To that end Ferrari (NYSE:RACE) has a department devoted to separating the fakes from the real works from the Maranello Outfit.
Last Friday, Gigi Barp, head of the Ferrari Classiche department, joked “there must be over 100 250 GTOs out there now.”
Ferrari built 39 250 GTOs between Ys 1962 and 1964, and when these cars sell for 10’s of millions of dollars, it is Key to know the vehicle crossing block or standing for sale is privately legitimate.
The Classiche department 1st opened up shop in Y 2004 as a way for Ferrari owners and collectors to verify their cars and protect buyers from shady deals.
Ferrari Classiche for a fee provides a detailed and documented history of the car. Gigi Barp said that the department houses over 220,000 original documents dating back to Y 1945.
“We have all the build sheets and commercial documents of every car we have ever made, as well as vital documentation of all of the modifications made to our racing cars in every series and championship,” he added.
For owners of vintage and classic Ferraris, the fee for Ferrari Classiche’s work varies.
Research for newer models can cost around $2,500, while some prices run to $16,700.
Worth the money, as only the department specialists can tell owners what is real, and what is fake.
The Classiche department goes beyond certification, it has a full restoration department too.
|NYSE:RACE||134.28||2 July 2018||-1.07||132.78||134.61||132.66||191,460|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Neutral (0.02)||Neutral (-0.03)||Neutral (-0.05)||Neutral (0.14)|
Have a terrific 4th of July Freedom Week
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