Times have indeed changed. In 2018, the same Ferrari model became the most expensive car ever sold when it fetched $48 million at auction. Last year, that record was flattened by a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé that raced to 135 million euros .
"We've been monitoring the market for a long time," said Giorgio Medda, CEO and global head of asset management at Italy's Azimut While Azimut's fund will have no end date and can receive new money indefinitely, small Swiss asset manager Hetica Capital launched a 50 million euro 'closed-end' fund in 2021, which it also said was the first of its kind.
"It's getting harder and harder to find the proper mechanics to keep these cars alive. And you have to spend quite an amount of money to keep all these cars in running condition," he said.
In all honesty Ferrari does superbly well without bumpers. No amateur drivers at work. ;)
10% Ausgabe für Instandhaltung is doch normal%rechner
You bet. $1500 for a road triangle. Original front window, no way to find one. Original gas cap, you don’t want to know, but the experience and car worth every ounce of energy and money.
We are still in a bubble. Dont think U can make save money with classic cars atm. For example 300SL Roadster (W198). Lowest price 2005: 250K, 2010: 1M, now: 1,2M. And U cant storage cars like jewelry. 🤷♂️
Wanna see you cover Florian Schneider’s collection of analog synths
yep., so if you've got $200m worth of Microsoft., Pfizer and own chunks of Manhattan, Paris and Milan., plus more Bonds, Dollars and countless Bitcoin - then once you're done with fine art., why not buy a few Ferrari or Aston Martin with the loose change !?! JW.
Right. And how’s their market depth? Can they always sell when they want at a profit?
Cause they looks beautiful and these vintage are new modern actually.
Do he best to get the memory of pasted
If you ever watch “Bitchin Rides” you can appreciate the workmanship.
Yeah, but those vehicles are mostly being sequestered away from the world. They don't get driven or really enjoyed. Priced out of the market for REAL enthusiasts.
Well, they are trying to get rid of all gas vehicles. 🤷🏼♀️
One day my 01 volvo is going to be worth a fuck ton but more than that it is going to be a reminder of what we are missing out on
BrendanPorath deep_fried_egg Poulter sits alone in the dark somewhere whispering “I told those wankers.”
Chevron GR8 3.6L Ferrari V8. Chevron Racing won Goodwood Festival of Speed in 2012 with the lesser powered Nissan 3.5L V6 version. Ferrari make beautiful engines. Video - Chevron GR8 Ferrari - Video - Goodwood FoS 👇