AV Engineering Market Watch (June 2018)

Very little has changed since last months update – Ferrari 360 asking prices are broadly unchanged and F430 prices seem to be easing back a touch.  However this should be taken in context against other marques where prices are falling – we are active in the Maserati Granturismo market and values have definitely taken a knock over the last month or so.

We were at the recent Silverstone auction of Ferraris held at the iconic racetrack and in conjunction with the FOC.  The first point to note was that the attendance was low – probably because it was held on a Friday when most people were working but also an indication of the general lack of buying interest in the market.  The main reason for our being there was to sell a car and it struggled to meet the reserve, something that was a common theme across all the lots.  This is an indication of the gulf between the expectations of vendors and the level of bids that people are prepared to pay – something which was evidenced directly when I tried to buy the unsold 360 directly from the vendor after the auction.  However sometimes these expectations can be matched – we managed to sell our car and even made a purchase.

Despite the above, we remain bullish after selling out our stock for a second month in a row.  We believe that correctly priced and well prepared examples will always sell.

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Other posts in this category: Buying and Selling

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