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Scottsdale Auction Recap – What the Numbers Really Say · BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show

• 0:00
  As part of Ferrari Fridays, William Ross from the Exotic Car Marketplace
• 0:04
  will be discussing all things Ferrari and interviewing people that live
• 0:07
  and breathe the Ferrari brand.
• 0:09
  Topics range from road cars to racing, drivers to owners, as well
• 0:13
  as auctions, private sales, and trends in the collector market.
• 0:28
  Welcome back everyone to the Ferrari Marketplace.
• 0:30
  This is William.
• 0:31
  I am your host.
• 0:33
  Um, today's episode, we're going to talk about the Scottsdale auction
• 0:37
  results and what happened out there.
• 0:40
  I know this was, uh, what, a little over a month ago?
• 0:42
  So, but you know, gathering all this stuff, you know, it
• 0:44
  takes a few weeks to put it all together numbers wise and whatnot.
• 0:46
  So we're going to talk about The Scottsdale auction results from all five
• 0:51
  of the auction houses that were out there.
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  Barrett Jackson, Worldwide, Bonham, Sotheby's, and Gooding.
• 0:56
  Uh, but real quick, hey, just want to stress before again, just
• 0:59
  trying to get the hang of this.
• 1:00
  So, if this is a little rough or whatnot, a little bit scattered, I apologize.
• 1:04
  I'm trying to get this to put together more and cohesive.
• 1:07
  So, just give me some time, we'll put it together.
• 1:09
  Like I said, we're going to talk auctions, we're going to talk
• 1:11
  events, we're going to talk cars.
• 1:13
  You know, many, many different topics.
• 1:17
  You know, it's not just gonna be just it's gonna be about everything Ferrari So I
• 1:21
  just kind of want to get that out there and say hey check out the Instagram page
• 1:24
  LinkedIn My youtube channels, you know got that up, but there's only a couple of
• 1:28
  things on there I got some video coming when I head out to California here in a
• 1:31
  few days So I just want to get out there.
• 1:33
  So check it out.
• 1:34
  But again, just want to apologize.
• 1:35
  I said, I'm not a pro at this far from it.
• 1:38
  Um, just kind of want to start working out the kinks.
• 1:41
  So I really appreciate your patience.
• 1:42
  Really appreciate everybody's been downloading the previous episodes.
• 1:46
  And Hey, I'm going to try and get these out about every couple of days.
• 1:48
  So, cause there's always plenty to talk about with Ferrari because
• 1:51
  Ferrari's the greatest, correct?
• 1:54
  So anyways, like I said, we're going to talk about the Scottsdale
• 1:56
  auctions, uh, the 2022 auction that just came about back in January.
• 2:00
  And like I said, you know, they had five auction houses out there now, it wasn't
• 2:04
  actually that big of a year for out there, um, in Scottsdale from recent years.
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  Um, I mean, it was up a bit, but it was well below the almost 290
• 2:16
  million of the record set in 2015.
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  So, um, it was, it was there.
• 2:21
  It wasn't bad, but it wasn't good.
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  Now, you know, the median price was about 66, 000.
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  So There was a recorded good margin, so it wasn't bad.
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  So anyways, out there at Scottsdale, there are a total of 2, 130
• 2:37
  lots, total, amongst the five.
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  Now, which is kind of interesting, Mecham held their Kiss Me auction
• 2:43
  about two weeks earlier than that.
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  That was like 800 less total than Mecham had at their lodge.
• 2:49
  Out of all five auction houses, they were still about 800 cards less than Mecham
• 2:54
  had just themselves total Kissimmee.
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  So it kind of gives you an idea how big, you know, Mecham gets their
• 2:58
  auctions, especially at Kissimmee.
• 3:00
  So that's a huge one too.
• 3:00
  That's a really good one.
• 3:01
  But the five, you know, total for the five auctions for the all five houses was
• 3:08
  around just a smidge under 268 million, but the cool thing is or interesting thing
• 3:15
  is that was actually 63 million dollars more Then what me committed to kissing me.
• 3:19
  So with 800 less cars, they still bested them by 63 million bucks.
• 3:24
  So kind of interesting, I guess that kind of gives you an idea of quantity
• 3:28
  versus quality in regards to cars that are coming across the block.
• 3:32
  So now the only thing about this was kind of interesting at out there,
• 3:36
  there's only 31 Ferraris that were up for auction out of all auction houses.
• 3:40
  There are only 31 of them.
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  Now in 2020, there were 86 Ferraris that went across the
• 3:45
  auction block in Scottsdale.
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  So obviously significantly less amount now that could maybe have
• 3:53
  something to do because Amelia Island's coming out and a lot of the
• 3:56
  big swingers are waiting to that.
• 3:58
  I know, uh, David Gooding from Gooding and company and made the
• 4:01
  comment that, you know, they're, you know, big customers, whatnot.
• 4:04
  We're holding out and taking their stuff to Amelia Island instead
• 4:07
  of having it out in Scottsdale.
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  So maybe that's what the other houses were having the same
• 4:11
  situation occur with their clients.
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  So.
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  Could be it.
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  We'll see million ions coming up.
• 4:17
  We'll see what they do.
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  I know there's some fabulous cars coming up for auction down there I'm gonna be
• 4:21
  hitting the Gooding one when I'm down there Any other ones I can kind of squeeze
• 4:24
  myself into so I will keep you abreast of that now Of the 32 Ferrari's that were
• 4:33
  out there They only brought about ten point four million But only two frogs
• 4:39
  actually sold for over a million dollars.
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  So that kind of gives you an idea of where we're sitting at.
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  So, but as I go through, I'll kind of highlight some of the
• 4:46
  ones that went across the block.
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  So, it wasn't a huge amount, you know, and it wasn't any big blockbuster like
• 4:51
  10, 15 million dollar cars going on.
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  No like, uh, you know, any Californians or anything like that.
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  Um, but, you know, no big dollar stuff like that going on.
• 5:01
  But, anyways.
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  Uh, let's kind of get into it more.
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  So let's talk about a couple of these cars that went across the block.
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  Now, this car is a 250 GTE.
• 5:12
  It's a serial number 4695.
• 5:15
  Uh, it's a 63 model.
• 5:17
  Um, you know, it's got the Grigio Argento with some mahogany leather.
• 5:21
  Uh, the estimate that that thing would go across is around four and
• 5:24
  a quarter to five and a quarter was the estimate that they had that at.
• 5:27
  You know, it's largely original, about a three plus condition.
• 5:30
  Uh, hammered at 425, but then you, uh, put in The commission and stuff like that.
• 5:35
  You're just up almost a hair under four and three quarters.
• 5:38
  So about four hundred seventy two thousand five hundred dollars so I
• 5:41
  mean That's the kind of thing, you know, that's what I think about going
• 5:44
  to these auctions and buying a car.
• 5:46
  You're tacking on, you know, a little over 11 percent roughly to that actual cost.
• 5:50
  So, you can't always say what the hammer price is, it's what you're actually
• 5:53
  going to have to pay to take it home.
• 5:54
  Um, you know, this thing wasn't too bad.
• 5:56
  The engine compartment was rather clean, you know, nice and oily.
• 5:59
  Uh, some fuel residue was left on the carburetors, but, you know,
• 6:01
  was, it's not restored, but hey.
• 6:03
  What can you do?
• 6:04
  It's it's a great car to be good car.
• 6:06
  Probably just you can go out and drive, which is nice.
• 6:09
  You can go out and you can enjoy it.
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  Next one we got up is a 275 GTB.
• 6:14
  It's a serial number 06609.
• 6:16
  Uh, 65.
• 6:18
  Um, now this one is red with black and asked me about 1.
• 6:21
  5 to 2 million.
• 6:23
  Uh, now this one was, you know, as they say, visually maintain is largely
• 6:26
  original, about a three condition, three negative, maybe so, and hammered at 1.
• 6:31
  7.
• 6:31
  So with your commission and everything final on this thing was 1.
• 6:35
  875 million off the door.
• 6:37
  Now, this one has some alloy wheels and some new Michelin XWX tires on it.
• 6:42
  I had two sets of spare wheels and a partial tool roll.
• 6:45
  Um, now there's stone chips in the nose, some chipped edges.
• 6:48
  Another thing was he had some duct tape patch seats, which was kind of
• 6:51
  like, you're really going to send this through, some duct tape patch seats.
• 6:55
  Uh, the chrome was a little bit weak.
• 6:57
  Um, you know, the engine compartment was orderly and neat, but, you know, it
• 7:01
  had some road grime, everything, and it had some fluid residue left around it.
• 7:05
  Now, it was represented to have its matching number of engines
• 7:07
  but a replacement gearbox.
• 7:09
  So that's not too bad.
• 7:10
  But you know, hey, it was sound, it was a usable car, you could go out and drive.
• 7:14
  Um, you know, Discounted for how it looked in its age.
• 7:19
  And, you know, obviously it's going to need to get sent out to get,
• 7:22
  have some, I guess, tidying up done.
• 7:26
  So, but Hey, this car would have been perfect for the
• 7:28
  preservation class challenge.
• 7:29
  So it's kind of one of the things to take a peek at, but, um, you know,
• 7:32
  but again, you know, find one that you can go out and you have to worry about
• 7:35
  driving, you know, and you can get out there and just have some fun with it.
• 7:38
  Maybe just.
• 7:39
  Keep it mechanically sound and leave it as it is.
• 7:41
  You don't have to worry about it.
• 7:42
  I mean, yes, you're still talking a little bit under two million dollars where it
• 7:45
  just puts it around but hey What the heck you don't have to worry about a your
• 7:48
  three million dollar one four million dollar one Getting chipped or anything
• 7:51
  like that after you spend almost half a million dollars and you know getting a
• 7:54
  restoration done on it The next one we got up We got a 30, 30 GC, GTC Speciale.
• 8:03
  Got a seal number 8727.
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  It's a 66.
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  Now this one's kind of pretty because there's a nice shade of blue.
• 8:07
  This blue scuro with beige leather.
• 8:11
  If I pronounce some of these colors names wrong, forgive me, I'm not Italian.
• 8:14
  But anyways, this one was estimated for about, you know, 700, 000 to 900, 000.
• 8:19
  It had a recent restoration, but um, it was about a two condition.
• 8:22
  So it was up there, so it looked, looking good.
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  Uh, this thing hammered sold at 875, 000, so we commissioned
• 8:28
  everything out the door.
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  It was 967, 500.
• 8:31
  Um, so go out there, it's not too bad.
• 8:33
  It's, you know, the Bor, Boranis on it.
• 8:35
  Uh, the Becker radio cassette was in there.
• 8:37
  It had to pop up, driving lights, power windows.
• 8:38
  It was store like new, but there was some road grime and some floor, uh,
• 8:41
  fluid residue that was under the hood.
• 8:43
  So they really didn't tidy it up when they first, when they got there.
• 8:46
  So, maybe they cleaned up just a smidge more, maybe they got
• 8:48
  a few extra dollars, but hey.
• 8:50
  I don't know, but I guess this one was first owned by Sergio Pininfarina.
• 8:53
  So it's kind of got a little bit of history to it.
• 8:56
  Uh, it was modified as a design study and incorporated a number
• 8:59
  of unique details in interior and, uh, with the pop up driving lights.
• 9:03
  So if you have a chance to take it, it's kind of cool.
• 9:05
  I've seen it cause there's like, um, they're like an extra set of
• 9:08
  these little pop up lights on there.
• 9:09
  So take a fun, take a look at that thing.
• 9:11
  It's pretty, uh, pretty neat.
• 9:13
  So, but again.
• 9:15
  Very good paint, paint and chrome.
• 9:17
  You know, um, poultry was a little bit stretched and whatnot from that, but
• 9:20
  obviously being seated there, but this thing actually sold by gooding back
• 9:24
  in Scottsdale in 2008 for 550, 000.
• 9:27
  So now I'm talking what, 12, 13 years difference and what's appreciated.
• 9:32
  Not quite.
• 9:33
  I'm not good at math.
• 9:40
  I went to public school.
• 9:40
  So, but anyways, um, I don't know if this thing was, you know, I dunno, it's
• 9:49
  price wise, you know, it was up there.
• 9:52
  Um, but you know, you had the, you know, special features, the pop up
• 9:56
  lights, the pin and free and ownership.
• 9:57
  So I guess that helped.
• 9:59
  You know, with the value, but I said to love the blue thing, you
• 10:03
  know, but again, so it's a fun car to drive It's ready to go.
• 10:05
  It's on the button and have some fun with it go around show it.
• 10:08
  So next what we have was a 330 GTS serial number 9805 is a 67 now This
• 10:16
  one's as you're standing red red with camel in it estimated about 1.
• 10:19
  5 to 2 million It was visually maintained large original
• 10:23
  About a three condition on it.
• 10:24
  So this thing hammer sold about 1.
• 10:26
  775 million.
• 10:28
  So it's your Commission percentage in there of just a
• 10:31
  smidge under one two minute 1.
• 10:33
  96 million Um, now this had a craig eight track stereo in it So
• 10:38
  it's kind of interesting had the brownies, you know, but had some
• 10:40
  michelin defender tires on it.
• 10:42
  They had the tool roll I had all the period paperwork everything like that
• 10:46
  now Um, there's some orange peel by the windshield on the windshield post.
• 10:51
  So the upholstery was pretty decent.
• 10:53
  The gauges were a bit dirty interior buttons in the ashtray,
• 10:56
  like, you know, a little bit rough.
• 10:58
  Um, the engine compartment was kind of old and dirty, you know, it didn't show
• 11:02
  much detail of the tension to this.
• 11:03
  So it's kind of weird why you bring a car like this to an auction and
• 11:07
  you don't really take care of it.
• 11:08
  Now, um, these were coming out of the Dr.
• 11:10
  Terry Maxson collection.
• 11:12
  Um, Well, it just, you know, it was just agency neglected where, you know,
• 11:18
  someone that the person that bought it, hopefully we'll take it, have it do
• 11:22
  a nice little cleanup on it and tweak and stuff, you know, drop, probably
• 11:26
  drop about, you know, 80, 100 grand or so I wanted to get this thing up
• 11:30
  to snuff and have some fun with it.
• 11:33
  So anyways, next one.
• 11:35
  Now this one is an inch card.
• 11:37
  Actually, as I get into this, you'll see this car has been jumping around.
• 11:42
  To a lot of the auction houses.
• 11:43
  Well, I'm not saying a lot, but it's been in the past few years.
• 11:47
  This thing's hey, it's got some miles on it just from
• 11:49
  going from auction to auction.
• 11:51
  Um, you know, this is a, uh, 365 GTS, uh, serial number 14779.
• 11:56
  It's a 71.
• 11:57
  Now this is a convertible.
• 11:58
  Now this is a Sidney Pollack's old car that, uh, he used to own.
• 12:03
  So I, I don't know.
• 12:05
  I don't know how much that really adds to it, Sidney Pollack.
• 12:08
  Not that big of a name to me, but other people out there
• 12:10
  might actually mean something.
• 12:12
  Now, this thing, um, was estimated about 2.
• 12:15
  4 to 2.
• 12:16
  8 million had an older restoration, but it was a number two condition.
• 12:19
  So, but.
• 12:21
  Did not sell.
• 12:22
  The high bid got it up there around 2.
• 12:25
  175 million and so it was a no sale.
• 12:30
  Um, you know, it's got the pop up headlights, it had the XWX tires,
• 12:35
  a Becker Mexico cassette, you know, had air conditioning, which is kind
• 12:40
  of unique sometimes for those cars.
• 12:42
  Uh, it had an older paint on it, barely used upholstery, clean
• 12:45
  engine compartment, you know, showing some age, but hey, you know.
• 12:47
  Few miles on it, but hey, what the heck, you know, it's only got 40, 000
• 12:51
  little over 40, 000 original miles on it So it's you look at the age.
• 12:55
  That's not too bad.
• 12:57
  But um, you know This thing was most recently restored back in 2001 then
• 13:01
  cosmetically refreshed in 2010, you know, it's well documented meticulously
• 13:06
  maintained Daytona spider You know, it's been around like I said hopping around.
• 13:10
  So, you know, the first thing that's kind of showing up was back in 99 When
• 13:14
  it sold for 308, 000, uh, by 2008, they had the registration and was freshened
• 13:19
  up, uh, now, and a post block sale at Gooding's got to, as it went for 1.
• 13:27
  29 million in 2008, so said it was jumping around and then it was sold again.
• 13:32
  By Gooding at Scottsdale again in 2020, where I bought 1.
• 13:35
  93 million.
• 13:37
  So in the first, in those 23 years since it first came around, but now
• 13:40
  it's only at 900, not 4 miles to it.
• 13:42
  So, it really just kind of been sitting around, not really doing a whole much.
• 13:47
  So, doesn't seem like anyone's really gotten out and enjoyed that car.
• 13:51
  Which is unfortunate.
• 13:53
  Not one of my more, more favorite cars.
• 13:56
  But, you know, um, People didn't like them.
• 13:59
  So I surprised you and just tried a little bit more.
• 14:02
  Now.
• 14:03
  This one's kind of interesting.
• 14:05
  This, uh, this was someone took a 1980 400i and made it into a stretch limousine.
• 14:11
  Now, you can go around and look at, just type in 400i stretch limo and you'll
• 14:17
  find some, you'll actually, you'll find a YouTube video on this and see it.
• 14:20
  It's not the prettiest and I don't know why someone would have
• 14:23
  taken a 400i and did this to it.
• 14:24
  But, hey, God bless them.
• 14:26
  I've seen worse.
• 14:27
  So, and it sold.
• 14:29
  For hammered at 48, 000 then with committee, you know, uh, the commission
• 14:33
  tacked on attempts has 52 eight So I thought that one's kind of interesting
• 14:37
  not really much on that But like I said, if you want to go out and check
• 14:40
  it out on the internet It is out and about you can see some pictures on it.
• 14:43
  It's white.
• 14:44
  Can't miss it.
• 14:45
  Next one.
• 14:46
  He's got a 512 BBI And 83 now this one was red with black leather It was unrestored
• 14:53
  original is number two condition.
• 14:54
  This is a post block sale at about Just a smidge over 238, 000 and then with
• 15:01
  commission everything that just a just a hair under 267, 000 Now this had air
• 15:07
  conditionings, you know good probably original paint Car to tell you that's
• 15:12
  really can't get the paint me to go all the way around it But it looked
• 15:15
  like it was pretty original paint.
• 15:16
  I has slightly creased some upholstery in there You know some
• 15:20
  of the console controls are a little worn Um, their panel behind the one
• 15:25
  passenger seat was a bit damaged.
• 15:26
  So it was just a clean unrestored chassis.
• 15:29
  Well maintained, largely, you know, original exams only had 7, 010 miles
• 15:34
  on it, which were believed to be real.
• 15:36
  So, um, that was the sole for our at worldwide's auction.
• 15:41
  So that was the one they got.
• 15:42
  So that was theirs now.
• 15:44
  Now here we're getting into one.
• 15:45
  It's my favorite.
• 15:46
  So obviously because of my age, this is when I was.
• 15:49
  In my teens that these things were hot and whatnot in my early 20s.
• 15:52
  So this 1989 Testarossa Red with tan leather, uh, tan leather, tan leather
• 16:00
  This one was unrestored original number two condition Hammered at 155 and
• 16:05
  then with everything it was 170, 500 I Had good original paint interior.
• 16:11
  The driver's seat was slightly stretched and creased a bit, but obviously, you
• 16:14
  know, someone's driving it, which is good The engine compartment was nice and tidy.
• 16:20
  Uh, it only had just a hair over 17, 000 original miles that were
• 16:23
  represented on the odometer.
• 16:25
  So, it seemed like, it looked like to me that was pretty legit.
• 16:29
  Uh, surprisingly the nose was kind of free of any stone chips or anything
• 16:32
  like that, which was kind of odd because you would think the way that thing is,
• 16:35
  if it's original paint and everything like that, there would be some chips.
• 16:37
  But, I don't know maybe someone was very diligent in regards to,
• 16:41
  uh, when they drove it, where they drove it, and whatnot.
• 16:43
  So, anyway.
• 16:47
  Now, um, that was kind of, you know, uh, not too bad up there.
• 16:53
  Um, but RM sold the mono Spexio, you know, the single flying
• 16:59
  mirror ones, uh, for 162.
• 17:01
  4 and so it's kind of, I don't know.
• 17:07
  You got the ones and that's I guess out there.
• 17:10
  I want to say the argument is and some people are being, you know, going and
• 17:14
  leaning towards the fact is the single flying wing mirror ones that they
• 17:17
  would be called, um, are becoming more collectible out in the marketplace.
• 17:23
  Just because.
• 17:24
  With especially because it only has one mirror as compared to later
• 17:27
  ones where they started having the two mirrors So, I don't know.
• 17:30
  I mean I dig it but I prefer two mirrors.
• 17:33
  I think to me it just balances out That's just me.
• 17:35
  Some people are gonna prefer the single mirror So but hey, but so you
• 17:39
  some people are saying those are worth more now I don't know that I guess it
• 17:43
  just boils down to personal opinion.
• 17:44
  I don't know that time anyways Next one we got is a 512 TR, which I love
• 17:50
  these things that they're getting into.
• 17:51
  And, um, I love the 512 TRs.
• 17:53
  I love the 512Ms too.
• 17:54
  Uh, love to be able to afford one of those one.
• 17:57
  That'd be outstanding.
• 17:58
  So again, this was Russ Acosta with black leather.
• 18:00
  Now they estimated that this one was going to hammer about 275 to 325.
• 18:04
  Now this was unrestored original, about a three plus condition.
• 18:07
  This thing hammered at 265, 000.
• 18:10
  So it's commissioned everything that out the door was 296.
• 18:12
  5.
• 18:14
  So, um, You know, alloy wheels, Michelin tires, you know, I had the fender shields
• 18:18
  on it, you know, it actually had the Chidoni luggage also with the books
• 18:21
  and the tools, everything like that.
• 18:22
  Uh, now this one was described as one of two prototype cars
• 18:25
  built to US specifications.
• 18:27
  So, you know, I don't know about that, but hey, you gotta go by
• 18:30
  what I guess you're being told.
• 18:31
  Um, I wasn't really sure about documentation.
• 18:34
  I didn't see any, but I'm sure there probably was something to back that
• 18:37
  up because I don't think someone would want to send that, send that over the
• 18:40
  auction block without having doc papers.
• 18:42
  You're just going to say, that's what it is.
• 18:44
  Um, now there was lots of paint loss in the early mist, misty
• 18:47
  residue with the engine compartment.
• 18:49
  Um, so I don't know, but hey, they had good paint, slightly worn upholstery.
• 18:53
  Now the mileage claimed to be a little about 20, 647 miles.
• 18:58
  So it looks about legit.
• 19:00
  Now, um, this thing was probably sold to Russo Steel at the
• 19:04
  Monterey in 2017 for 214, 500.
• 19:07
  So it's gone up in value.
• 19:09
  Um, I guess it's been, was preserved since then because I think it had very
• 19:13
  little added miles to it from that.
• 19:16
  Um, so, but being one of the early builds to actually be in a, I
• 19:20
  guess, prototype pilot test car.
• 19:22
  I mean, I don't know.
• 19:22
  I mean, I guess you'd be a little bit concerned, um, in regards to.
• 19:28
  Something going wrong.
• 19:28
  I mean, because you know, those first ones kind of going through, but I don't know.
• 19:32
  I guess that's just me.
• 19:33
  Um, next one we had up is a, I kind of dig these things too.
• 19:37
  Uh, it's a 95 4 56 GT.
• 19:39
  Now this is black with beige.
• 19:41
  I think it was only estimated to go for 60 80 grand.
• 19:43
  Now it was unrestored about, uh, number two condition.
• 19:46
  Now this is again, hammered at 110 plus the commission.
• 19:50
  So it went from 1 23 to now that was rather interesting.
• 19:55
  Um,
• 19:59
  It, you know, I mean, granted these, it was a manual.
• 20:02
  So, um, that kind of, I guess, helps them the value, you know, this day and
• 20:07
  age, I'm going to do a podcast that I'm later down the road and regarding this
• 20:10
  about, you know, the gated manuals to the automatics or the F1 transmissions.
• 20:14
  However you want to kind of present that.
• 20:16
  Um, I'm just, I mean, either a great, but if I had my druthers,
• 20:21
  I would take a gate at six speed.
• 20:23
  So, but anyways, so this thing got, you know, got up there
• 20:25
  as compared to the estimate.
• 20:26
  I mean, that's a pretty significant jump.
• 20:28
  I mean, basically, you know, what the final price with commission,
• 20:31
  everything was almost basically double the low end of the estimate.
• 20:35
  So as you can see where these things are headed.
• 20:37
  And again, I don't know if the gated six speeds got something to
• 20:39
  do with it, but these things are starting to gain a little attention
• 20:42
  and get some attraction on people.
• 20:44
  And, you know, cause it's a great grand tour, man.
• 20:46
  If you want to go for a drive and get in that car for five, six, seven hours and
• 20:49
  just go and cruise at 90, a hundred miles.
• 20:51
  I mean, that thing's perfect for it.
• 20:53
  The seats are comfortable.
• 20:54
  It's a great car.
• 20:55
  I've driven a few of them.
• 20:56
  They're, they're not that bad.
• 20:57
  You know, it's not the, you know, most head turning design of a car.
• 21:01
  Um, you know, but like I said, you know, you're driving it for that motor.
• 21:05
  That's underneath that hood mileage on.
• 21:07
  This was only about 24, 750.
• 21:10
  Just a smidge under, uh, said supposedly have carefully looked
• 21:14
  after the past two and a half decades.
• 21:16
  You know, I mean, yeah, obviously, you know, age wise, it's getting up there.
• 21:19
  But hey, this was actually, I think, you know, These are going to go up
• 21:22
  in value, I think, a little bit.
• 21:23
  How much, I don't know, but it's a good, it's a good entry into the
• 21:27
  Ferrari market for someone that's looking for a good, reliable car.
• 21:31
  Yeah, again, with any Ferrari, you're going to have your
• 21:33
  maintenance costs and whatnot.
• 21:34
  But anyways, if you're looking for something to get into and have some
• 21:37
  fun, especially if you've got kids.
• 21:39
  Um, there you go.
• 21:40
  It's got a back seat.
• 21:41
  Now, they better be young because not anyone probably over the age of
• 21:45
  eight might be able to fit back there with their legs down in the seat.
• 21:47
  But, if you need to do it, hey, it's got the trunk, it's got the back seat.
• 21:51
  There you go, family hauler.
• 21:52
  Could be your daily, taking your kids doing school runs.
• 21:57
  Alright, next one.
• 21:58
  Like I said, this was, this is one of my favorites.
• 22:01
  I love these 512Ms.
• 22:03
  This was a 95.
• 22:04
  Now, this was black with tan leather.
• 22:06
  I'm a big fan of black.
• 22:08
  Nothing looks prettier than a black car in my opinion, but the problem is nothing
• 22:11
  gets dirtier or quicker than a black car.
• 22:13
  Um, and you gotta really know what you're doing detailing those
• 22:16
  things because you talk about seeing swirl marks and black paint.
• 22:19
  Absolute nightmare.
• 22:20
  Now this one was estimated to go from about four and a quarter
• 22:22
  to four and three quarters.
• 22:23
  So between 425, 000 and 475, 000.
• 22:26
  Now this is unrestored original, but in about two condition.
• 22:29
  And this thing hammered sold at the high end of the estimate of 475, 000.
• 22:33
  So with commission and everything like the final price was.
• 22:35
  527, 500.
• 22:37
  So beat that, you know, it said nailed it at the hammer.
• 22:40
  So what don't commission it was above estimate.
• 22:42
  So that's kind of tells you where these things are going.
• 22:44
  I think these are going to start getting more, uh, valuable as time goes on.
• 22:49
  You know, this is one out there.
• 22:50
  I wasn't, you know, using that term blue chip collectible, but I think
• 22:53
  these fights, especially if it's got lower miles on it's well maintained and
• 22:56
  service histories, I think these things.
• 22:59
  Probably, you know, they're going to get up there now.
• 23:01
  Will they ever reach a million dollars?
• 23:02
  I don't know, maybe another 15, 20 years potentially, but I just have a feeling.
• 23:07
  I think these things are going to go up in value significantly
• 23:09
  in the next five to 10 years.
• 23:11
  So if you're out there shopping, there you go.
• 23:13
  Take a look at this one.
• 23:14
  Now, this one only had just a little bit over 15, 000 original miles on it,
• 23:17
  had the belt service done late 2021.
• 23:20
  So, Hey, you know, that, that's good to see you don't have to worry
• 23:22
  about that for a couple of years or a couple, you know, those, like
• 23:26
  I said, you want to get them done.
• 23:28
  Quite frequently even if you don't drive because just it is what it is just
• 23:31
  the way it is on the Ferrari You know That's what I love about these 512Ms
• 23:37
  though, because these being the last year basically of the Testarossas being built.
• 23:41
  These carry a premium over your 512TRs or even your Testarossas
• 23:45
  about three times more than those.
• 23:46
  Just because of what they are.
• 23:48
  So, and there's very small build quantities of these things too, so.
• 23:51
  They're tough to find, and a lot of them usually have low miles and are well
• 23:54
  maintained just because of what they are.
• 23:56
  So, if you're ever out there in the hunt, you know, just get all your
• 23:59
  service history and everything on it.
• 24:01
  Now.
• 24:01
  The next one we got here is a 550 a 2001 550 marinetto Now this was a just blue
• 24:09
  posy with tan leather Now this thing was estimated to go for about 150 to 200,
• 24:14
  000 I've owned a 550 before so I know how much fun these things are love that car
• 24:20
  and I should never gotten rid of it But other things arose and just had to do it.
• 24:24
  And that was one I wish I would have kept.
• 24:27
  And so that's why I'm still out there as I mentioned before.
• 24:30
  So I'm going to take a look at this 366 speed.
• 24:33
  Uh, here hopefully when the person gets it back from getting service and all
• 24:36
  the belt stuff and everything like that.
• 24:38
  Even though I'm not really sure I want to go the convertible route.
• 24:41
  You know, but we shall see because it's in great condition, low miles and all the
• 24:44
  service and everything is getting done.
• 24:45
  So it'll be ready to go as soon as I get it.
• 24:46
  So we'll see.
• 24:47
  But anyways.
• 24:48
  Like I said, the estimate on this was 000.
• 24:50
  It was unrestored, about a three condition on it.
• 24:52
  It hammered at 225, 000.
• 24:55
  So right there it even hammered way above, I don't want to say way above,
• 24:58
  but above estimate by a decent amount.
• 25:01
  So with the commission roughly around 12%, it was 252, 000 out the door.
• 25:07
  So, as you can see, these things are starting to go up too.
• 25:09
  I.
• 25:09
  e., because, hey, it's a gated 6 speed.
• 25:13
  Now these had the Daytona style seats and they had the fender shields.
• 25:16
  Uh, CD changer, you know, had the alloy wheels, had Pilot Super Sport tires,
• 25:19
  tinted windows, had some stone chipping on the nose, but not, not much, slightly
• 25:23
  worn, soiled on the driver's seat.
• 25:25
  Hey, someone's driving a little bit.
• 25:26
  Uh, the common problem that always is, and if you're ever out there shopping
• 25:30
  for your first Ferrari, you know, Buttons in the interior get a little bit sticky.
• 25:33
  So it's something that you're going to trust and fix.
• 25:35
  But this one had the buttons were still getting a little bit sticky.
• 25:38
  Um, and, and not on this car, but they always look at the dash too.
• 25:42
  Dash has sometimes a tendency to start really going a little bit wonky.
• 25:45
  Um, but some chips and scratch from the driver's side door handle,
• 25:48
  you know, getting in and out.
• 25:49
  So maybe someone's probably wearing rings, something like that.
• 25:52
  And just not being cautious.
• 25:53
  Uh, had just this hair under that just a smidge over 29, 000 miles.
• 25:58
  So, um, look like it.
• 26:02
  You know where it was, but you know, not the best preserved one, uh, showing age.
• 26:06
  I mean, you could have had a good detail done to it.
• 26:08
  Um, and you probably could have gotten a little bit more out of this too.
• 26:13
  It's been way above the high estimate.
• 26:16
  Um, but Hey, you know, some people, it's, you know, they don't give
• 26:21
  to, you know, what's when they take a car to auction other people.
• 26:25
  You know, they are meticulous about it and they'll have someone like
• 26:28
  Ammo New York come in and they'll spend three, four, five thousand
• 26:31
  dollars on a detailing job on a car.
• 26:33
  Cause they'll use, sometimes they'll get it back and more.
• 26:35
  I mean, presentation is everything.
• 26:38
  Um, that's just the way it works.
• 26:40
  Out there in the auction world.
• 26:42
  Um, there's a few other here, like, you know, these, um, got some three 20, like
• 26:46
  these three Oh eights and three twice.
• 26:47
  We're going, I kind of whipped some of these.
• 26:50
  Now these things are going up too, but like, let's take this one real quick.
• 26:53
  Those 85, three Oh eight GTV.
• 26:56
  Now, red tan, tan leather, red piping, estimate was 70 to 110.
• 27:00
  This thing sold at 120.
• 27:02
  So, again, above estimate.
• 27:03
  Again, it's the gated six beads.
• 27:05
  So, I think these things are starting to really go up in value.
• 27:08
  So, if you can get your hands on some gated six beads out there, people.
• 27:12
  Tell them you get it, you can drive it for six months, probably turn
• 27:14
  around and sell it for more money.
• 27:15
  At least get your money back, as long as you take care of it, maintain
• 27:18
  it, don't beat the crap out of it.
• 27:20
  So anyways, so that thing sold twice, so with commission everything is 134, 400.
• 27:26
  So I mean, it's kind of showing, I mean, this thing had, you
• 27:28
  know, it was an older repaint.
• 27:30
  Uh, some minor stress cracks and what not.
• 27:33
  You know, engine compartment had a little bit of oil misting to it.
• 27:36
  Um, not much, some paint loss on the interior and the engine bay.
• 27:39
  You know, but it was a really nice car.
• 27:43
  I mean, this had multiple FCA platinum awards, so it was real consistent,
• 27:47
  only had 27, 106 miles on it, but Hey, this person took care of it and they
• 27:52
  were very, very nice and good at it.
• 27:55
  So, Hey, God bless him.
• 27:56
  They took him, babied it up.
• 27:57
  So now, um, it's got some 328s that were in here.
• 28:01
  Also, um, another red tan one.
• 28:04
  It's sold at the, out the door to 165, 000.
• 28:08
  Another red tan with, I mean, sorry, red black leather.
• 28:12
  Uh, this one sold out the door at one 51, eight.
• 28:15
  Um, so another three and here's another three 48 that we came across.
• 28:22
  Uh, another is red tan.
• 28:25
  Uh, that one went out the door at 79 too.
• 28:28
  So this one was kind of interesting cause it was sold by leak in Scotts in 2020.
• 28:34
  So two years ago for only 49, five, then.
• 28:38
  Then by Barrett Jackson at the Houston auction four months ago for reported 110.
• 28:43
  So It's kind of jumping around.
• 28:45
  So someone got it and then lost some money So now this is the one
• 28:50
  that thought was really interesting.
• 28:51
  I want to kind of bring up that I kind of focused on and Go, so
• 28:57
  this was a f355 spider It's a 95.
• 29:02
  It was black With tan interior.
• 29:05
  Now the estimate was 130 to 160, 000.
• 29:08
  This was a six speed manual And forgive me if I was saying six speed on some of
• 29:14
  those other ones because I should have seen five speed because they're older, but
• 29:17
  my apologies I'm getting a little wrapped up in this and I get excited again.
• 29:21
  I apologize So now this I said 130 to 160 was the estimate Estimate
• 29:28
  now, this was unrestored number two condition Hammered at 200, 000.
• 29:32
  So with the commission rate and everything, out the door, 224, 000.
• 29:37
  So look at that.
• 29:37
  That was almost, what is that, 64, 000 above estimate that went.
• 29:44
  And I don't know about you, I always include the commission
• 29:46
  rate when that thing goes out the door because that's what, you
• 29:48
  know, you've got to pay the money.
• 29:49
  Um, that's kind of like the sticky thing about auctions is, is that
• 29:54
  considered part of the value of the card?
• 29:55
  So I mean, Everyone when he's sitting in an auction going, you know, I've,
• 29:59
  I'll never buy a car at auction.
• 30:01
  I just, me, I'd rather be able to like drive a car, test it and really
• 30:04
  scrutinize the heck out of it.
• 30:06
  Um.
• 30:07
  But you know, when you're sitting there, you're bidding, you got to take
• 30:09
  into account what the commission is.
• 30:10
  So if you're, Hey, so I was going, okay, 200.
• 30:12
  So if I bid 200, it's going to be actually 224.
• 30:15
  You know, you, you got to keep that in your mind.
• 30:17
  I mean, that's 24 grand extra on top of it.
• 30:19
  Now, what was this thing was okay.
• 30:21
  Had this, you know, fender shields, this appears zero tires on it.
• 30:24
  He had the carbon, um, fiber door sills.
• 30:26
  It only had 898 miles.
• 30:29
  Now that probably played a big role.
• 30:31
  And it being what it was when it crossed the block, it went
• 30:34
  for the 200, 000 at the hammer.
• 30:37
  So basically, a brand new F 355.
• 30:41
  I drove one of these once and they're fun cars.
• 30:43
  They're great, huge improvement over the 348s.
• 30:46
  I know a lot of people out there like 348s, but it was a huge, huge improvement
• 30:50
  over the 348, the 355 is a great car.
• 30:53
  And again, these are ones where actually if you shop around, look, you find some
• 30:57
  with like maybe 20, 30, 000 miles, maybe it needs a belt service and whatnot.
• 31:01
  You can find, you know, pretty decent ones out there.
• 31:04
  And so it might need some work.
• 31:05
  Now don't do what Tyler Hoover did.
• 31:07
  And when he bought that yellow one, that convertible he just got recently, I don't
• 31:11
  know if you watch any of, uh, Hoovy's Garage, but he, that thing, whoo, that
• 31:16
  they needed a lot of love, but I mean, he got it at a good price, but again,
• 31:21
  that's kind of one of those deals.
• 31:22
  I'm always in the mindset, I'm going to buy one that's already done.
• 31:25
  It's on the button.
• 31:25
  I just get it and go.
• 31:27
  I really don't like have to buy something then go spend a bunch more
• 31:30
  money on getting it up and running.
• 31:32
  Uh, it's just me.
• 31:33
  I'd rather buy one that's already, it's all ready to go and out the door.
• 31:36
  So, uh, and this thing actually, I actually had a belt service done on it.
• 31:41
  And again, as I talked before, even just because you don't drive doesn't mean you
• 31:44
  shouldn't be doing these belt services.
• 31:46
  Those things will just start to deteriorate, especially
• 31:47
  from not using them.
• 31:49
  Uh, just one of those things of owning a Ferrari.
• 31:52
  So.
• 31:52
  Now this, uh, other one said, there's a, I was interested in this one,
• 31:56
  but it wasn't a gated six speed.
• 31:57
  It was a, it had the F1 transmission.
• 31:59
  It was a 2001 360, but I love the color on it.
• 32:02
  It was a fly yellow with the black leather.
• 32:04
  Now it was unrestored, about a number two condition.
• 32:06
  So it was a nice looking car.
• 32:08
  Hammered at 100, so with commission rate and everything, it was 110.
• 32:11
  Had the black calipers, fender shields, power Daytona style seats,
• 32:15
  you know, rear challenge grill.
• 32:16
  Um, yeah, the Bridgestone tires, that's a chip, chip guarded nose, door
• 32:20
  edges, rear, you know, stuff like that.
• 32:22
  So they, uh, put the stuff necessary on there, kind of keep all the,
• 32:26
  the highly prone areas that kind of take some beating on it to, um,
• 32:30
  keep them, you know, well presented.
• 32:33
  Now the belt surface done about a year ago, but service record
• 32:37
  shows about a little under 20, I'm sorry, a little over 22, 000.
• 32:43
  660 miles roughly it was showing on there.
• 32:46
  Uh, it wasn't represented, but that's what looking at service everything.
• 32:48
  That's what I was saying.
• 32:49
  So, um, not, you know, pretty decent price for, you know, one of these cars
• 32:55
  for how good it look, you know, 410 grand.
• 32:57
  Um, you know, these three sixties are getting, you know, pretty decently
• 33:00
  priced, um, with F1 transmissions.
• 33:03
  Um, now I said some people like them, some people don't, but you know, when you're
• 33:07
  comparing it, if you drove something recent and you try and compare the two
• 33:10
  transmissions, it's going to seem like a dinosaur when you try and drive it.
• 33:13
  It's just those things, you know, they shift very slow compared to the new stuff.
• 33:17
  You know, they still shift decently.
• 33:20
  It's just something you got to figure out.
• 33:22
  It's, it's, it's with any car, it's going to have its quirks.
• 33:26
  It's going to have it's very, you know, unique attributes and what not.
• 33:30
  Sorry, that was my wife texting me if you heard that in the background.
• 33:33
  So, but as with any car, it's always going to take little nuances and what not.
• 33:36
  And that's what makes cars great.
• 33:38
  You know, each one has it's own little quirks.
• 33:40
  It's own little styles and what not.
• 33:42
  How you have to drive it, what you do.
• 33:43
  I'm sure all of you have had Your car out there that you know, you're basically
• 33:47
  the only one that could drive it because you knew what to do You had to push
• 33:50
  this button in and lift this up to get something to start and all that crap
• 33:53
  So, I mean, it's what makes car fun.
• 33:55
  So but anyways That's kind of what I wanted to go over a little bit regarding
• 33:59
  the Scottsdale's auctions And kind of that's just a you know, a little overview
• 34:05
  of went through the kind of cars I found, you know kind of interesting to
• 34:08
  go through there was there were some four or five eights There's a Ford 30 that
• 34:12
  went through That, you know, again, the F1 transmission, uh, it had an estimate
• 34:18
  of 250, 300, 000, you know, hammered at 255 right there to the lower end.
• 34:24
  Uh, so out the door is 285.
• 34:25
  5.
• 34:26
  So, um, you know, it only had 3, 700 miles on it roughly in
• 34:30
  2017 and sold for 231, 000.
• 34:34
  So, it's not a bad deal.
• 34:36
  But anyways, that's about all I have to talk about on these auction results.
• 34:41
  So listen, I'll get some more out later this week.
• 34:45
  I'll have another podcast dropped, um, and talk about, I'm really interested
• 34:48
  in wanting to speak about Louie, Luigi Shinetti and kind of give his story
• 34:52
  and everything to everyone out there.
• 34:53
  So again, I appreciate everybody.
• 34:55
  Listen, check out the website, Instagram, go to my LinkedIn page.
• 34:59
  Um, if you got any suggestions, whatnot, just give me a, shoot me an email.
• 35:02
  William at the Ferrari marketplace.
• 35:04
  com.
• 35:04
  Easy enough.
• 35:05
  I appreciate it guys.
• 35:06
  Take care.
• 35:07
  Have a good one.
• 35:12
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