isv

There's a reasonably compelling argument that the owners who do put a decent clip of miles onto the cars like them enough that they would almost never sell them so those for sale always end up as the low-ish mileage ones...

omgjon

My friend in Escondido, Ca. has a black basalt one that has been a daily driver. He has 27,000 miles on it.

ky1e

I saw that one on ebay and looked into it. The seller said he owed $325,000 on it so the price was non-negotiable. The fact that a CGT owners is maxed out on a car loan to own a CGT is not what I want to hear (makes me wonder about the owner, service and upkeep).

I also googled his name and there were several past lawsuits against him including justice dept shutting down his business for mortgage fraud and mis-representation.

Lastly he has the car listed on the DuPont registry and in the background of each photo is another outdated black toy (Black pick up, black mercedes, black speed boat). It made it look like the owner bought a bunch of toys with loans. Not a typical CGT owner/collector. Didn't give me confidence in the seller.

Plastique999

Darn near MSRP.

So what are people considering "low" miles?
Anything under 1000, 2000, 5000?

I'm curious as to why the Ferrari super cars, F40, F50, Enzo, have seem to gone up near 50% in the last 6-9 mos. ??
And if the CGT shall follow a similar curve?

GreenLantern

Sadly, it's called an investment bubble. Also known as an economic bubble or a speculative bubble.

First started with tulips back in 1637.

There's some mention of the tulip bubble here: http://www.forbes.com/sites/mikepatt...e-in-a-bubble/

W. MITTY

I was just browsing ebay. There are 3 CGTs that appear to be legitimate, low mile cars. They are all in the $470k range. I've not seen such consistently high asking prices. Granted, what one asks and what one gets can be very different. However, given the anecdotal evidence from recent completed sales, it certainly appears that cars selling below 400k are a thing of the past. I feel quite confident that an unmolested example of the CGT will consistently bring 500k within the next 12 months. Ironically, the CGT is so brilliant that I can't bring myself to consider selling mine...what on earth would I replace it with? Battery powered cars just don't excite me.

Plastique999

Yes I see the black on terra cotta with 3k miles in NY asking $469k. So seems asking prices are definitely rising. As to what they are truly selling for .....

Edit: just got an email from FerrariFL and they have a black with 1600 miles for $499k

racer959

I agree, if the 960 gets produced, i think the CGT will take a hit. Because why would someone pay $375-$450 for old technology when they can get new technology more modern and much easier to drive for the same price. Some people will hold on to them and a lot will sell. That's when the bubble will burst. Just my opinion

wtdoom

People will pay more for the Cgt for exactly the reasons you state above mr racer .
The fact that it has old technology , is analogue and more difficult to drive is in fact a plus to many , myself included .
I'd go as far as to say that the more cars become more and more electronic the higher prices will be for analogue cars like the f50 and Carrera gt not vice versa .

Plastique999

I agree with this.
It's the analogue nature of the car which will be even more rare as time goes on. The rarity of this aspect will increase its value IMHO.
Think of our poor children and generations after who won't even know how to drive a manual or how a manual even works....collector status.

cetro

By this analogy, the 959 prices should be under $200k since the turboS is much faster and has the current technology.

Whoopsy

Hi buddy I am here too

I am guessing you will not be selling yours anytime soon.

When is your 918 due?

racer959

I believe there were 200 built world wide. That can be one reason.

P_collector

Exactly !..The 959 is the best argument in favour of wtdooms point - in Europe good 959s can be bought for about 300k€..F40 is more close to 500k€..if not more. I guess history will repeat itself..in 20 years the P1 + la ferrari will be worh more then the 918..but its just a guess...

Im worried about our children however..they wont know what manual supercar is..they will only know prius type cars....

Plastique999

Interesting, there is a seal grey/terra cotta 05 with 3100 miles that was listed on eBay for $395k in Jan, relisted for $450k and now listed for $469k.