rickyn f355

how is 2 percent of the cars produced a lot to be on the market?

jvmax - what kind of money did the guy walk away from for the 18k mile car?

I wldnt pay $2m for a cgt, but a lot of guys said that about f40s at 700k and 288 gtos at 1M

jvmax

out of respect for the owner I will not say. But I can tell you he is a true enthusiast and made the right decision to keep, bad for me.

jvmax

2 coming up for sale at Barrett Jackson Palm Beach:

http://barrett-jackson.com/Events/Ev...RERA-GT-193873

http://barrett-jackson.com/Events/Ev...RERA-GT-194446

gtovan

Slight correction, this dealer has a relationship with an individual that has a collection of nine CGT's and is willing to sell them if the price is right. This individual is in no hurry to sell these cars as his objective is to ride the potential appreciation rise over the next 3-5 years. He gave them one car to test the market. The other CGT offered by this dealer is from another client. The collector is a close friend so I know the story and the cars.

The difference is dealers with that much inventory would be anxious to drop pricing to move them quickly. Not the case here.

Me&You

I was going through old posts on a Ferrari forum a few days back and came across a post from 2007 about a package deal on a 288 GTO and F40, but with ~200 miles and both on MSO. The price? $1.1MM... For both

nuvolari612

340 came to the US - guessing 60+ exported 10 or so written off.

20 could be closer to 10%

NYC123

Yes if you look at pure technology what you are getting for your money the CGT is and always has been a bargain no doubt. however, when it comes to collector car world that alone will not necessarily decide the long term value of the car. it is certainly a piece of the puzzle but only a piece. car market like most markets is more of an art than a science. Unfortunately right or wrong porsche super cars just don't get the $$$ respect that Ferrari super cars do. could that change over time ? I certainly don't have a crystal ball anything is possible, but emotion and history is certainly part of the equation as well not just pure performance. I would bet that if the CGT was slower and performed less well, but had some type of real racing history associated with the cars the would be worth more than they are currently.
Personally over the past year you could purchase a Bugatti Veyron for 1.25mln or so when CGT was trading at 750k , my view is they were/are better super car buys if one is purely speculating on future prices. Just my opinion.

jvmax

wasnt it 640 that came to the US market?

nuvolari612

I was going off below - there is also a incomplete registry.

Porsche started a production run of Carrera GTs in 2004, shipping the units with an MSRP of $440,000 USD. Originally, a production run of 1,500 cars was slated, But Porsche announced in August, 2005 that it would not continue production of the Carrera GT into 2006, reducing the total production estimate to 1,250 units. 340 Carrera GTs were sold in the United States in 2005.

http://51768833.de.strato-hosting.eu..._registrye.htm

NYC123

I think if you look around and do the math there is likely way more for sale closer to 20% than 2% but thats not really the point. The point is the CGT is a car that trades often and at any point in time has a pretty well defined market place. It is not hard to find transaction for comps. Similar to an F40 or a 300sl its a car that trades hands often, and often at auctions as of late. So when there is a pretty well defined market around 650k for drivers with a few miles up to $1mln for a zero mile PTS car to advertise a car at $2mln is just a bit of a waste of time. If it was some rare bird that has not come up for sale in years where there is no real market then I could see the logic in just making up a price and giving it a try. But for a car like this to ask 2x or more a well defined market makes little sense to me. Would be like advertising an F40 for $3mln today, I mean whats the point ?

mrcarlosspicey

Id be very interested in comparing the selling prices on both of these cars. Very similar in mileage and body/interior color.

http://www.autotrader.com/cars-for-s...23253824&Log=0

nuvolari612

Because the seller can - who knows what a new millionaire decides is his favorite color or someone like Floyd Mayweather who doesn't cares what he pays - to have something no one else has one or two before a bunch of zeros means nothing but a different pen stroke.

NYC123

I think it goes without saying that anybody can ask any price for anything they own at any point in time. However, just don't think it is a relevant data point related to the current CGT marketplace.

jvmax

not to change the subject, but I was looking at other CGT comparables besides the obvious F40, F50, F1. Pagani / Koenigsegg are very exclusive and expensive. Another exclusive that is affordable is the Spyker:

http://www.sportscarcompany.com/deta...d-4517976.html

CGT000

The owner of the orange car is not a seller. He had this car on ebay for $900K back in November 2014. I made him an offer that started with a 7 (I don't remember the exact number but it started with a 7) and he turned it down. Late summer of 2015, I was speaking to a collector and the subject of this car came up. He had offered over $1mm (I do not remember the exact number) for the car but the owner did not accept his offer. I guess the owner cannot see himself parting away with such a unique car.