Market Intelligence
Ferrari: temptations within reach
The Ferrari market has experienced a significant drop in prices, and it is now possible to buy Ferraris for less than €100,000. Since the beginning of the year, 50 Ferraris have been sold for under €100,000, including a 1985 Ferrari Mondial Quattrovalvole and a 1978 400 Testa di Moro. The Ferrari 512 TR is also a great option, with two examples sold below the threshold in 2020. With prices dropping, now is the time for true Ferrari enthusiasts to buy their dream car.
Milan, November 2016. I am having lunch with a friend and he says to me “See, you can no longer buy anything [from Ferrari] for less than €150,000…; a few days ago, I was offered a 512 BB carburettor for €395,000”. I try to convince him that the prices will drop, and that it’s better to keep his money in his pockets but it’s really hard for me as just a few metres from where I’m standing the craziest auction that Europe has ever known is underway. It goes by the name of “Duemila Ruote” and was recently witness to one of the most insane upward runs to say the least. Three and a half years have passed but it feels more like a century, the euphoria has given way to reason and the prices have gone down.
Instead of weeping because the market has gone down, true enthusiasts are rubbing their hands: there are cars you once dreamed of that are now within your budget. Today you can buy Ferraris for under €100,000. Indeed, for under 50. Don't believe me? Then I'll show you.
I started by looking for all the Ferraris sold under €100,000 since the beginning of the year and do you know how many there have been? As many as 50 (by way of comparison, 48 were sold above €250,000).
