Cars & Coffee at Morgenhof Estate 10 April 2022
April 8, 2022
The Land Rover Defender
July 19, 2021
Does the volatility of the stock market affect the prices of exotic and collectible automobiles? This is an interesting question because many people believe the stock market is an indication of the state of the economy and that luxury goods and specifically investible, used Ferraris are affected by this. So, does a surge in the economy increase the prices in the used Ferrari market? No, and the reason is simple economics, supply and demand.
There is a much smaller supply of collectible, used Ferraris than there is a demand for them. There are many more billionaires that are in the market for these rare, investible Ferraris and, because there is such a limited supply when one comes on the market, price is not factored in relation to the economy. In fact, price is often not considered and people will pay whatever to obtain a specific Ferrari. Unique Ferraris that are recession-proof pertain to scarcer models or features. A lightweight limited production numbered model or a classic top-end model are both great examples of the types of Ferrari's that will always be highly desired. A manual transmission is an example of a feature that is becoming more and more sought after as there are fewer of them in the market. The 458's are not particularly low production numbered cars but they are hugely desirable right now because they are the last naturally aspirated mid-engine cars we'll ever see from Marinello and let's face it, If Ferrari launched the 458 today, its styling would still be accepted as current. On the back of 458's desirability, we can now clearly see a vast difference in the price to its runner-up older sibling, the F430. The current price gap on average between the two models is well over R1.5m and as of the last few months, it's closing fast and the interest is showing momentum in a northwards direction.
While the economy does not affect the prices of these rare Ferraris, the state of the economy does affect what investors are doing. Specifically, over the last few years, we have encountered more and more people who are looking to invest in the used market, especially during volatile times. The prices of these exotic automobiles will appreciate and there will always be a market for them. This alternative investment option seems to be of greater interest lately, as we are being asked more frequently to help with growing collections.
If you are a Ferrari lover, this will be of no shock. However, if you have some money to dabble with and you appreciate Ferraris or other exotics, this is a great hedge option that has been well proven. These opportunities are not just limited to rare and specialist models either. With the current chip and production shortages hitting manufacturers everywhere, this may be a rare opportunity for current and pre-current model owners. The industry indicators & literature suggest long delays. The entire industry was behind the gun even before the pandemic with regular parts like resistors and capacitors becoming hard to source. So, our guess is it might take longer than people might think. It is claimed that the local franchise's order book is currently showing 8-month lead-times from deposit to delivery and then some. This puts previous generation models such as 488's, 812's, California T's, etc with the power plan intact right at the forefront of the sweet spot.
There are many options on the market currently that you can safely speculate on and, let’s be honest, what can be more fun to speculate on than a Ferrari!
F430 Scuderia 16M 1/499
This Ferrari F-430 Scuderia 16M is one of only 499 ever made to commemorate the prancing horse's F1 achievements of the era and a spectacular car for any credible "head screwed tight collector". The SF2 gearbox is simply sublime yet violently addictive and there simply is no better roof-down theatre-like experience to be had elsewhere. Few things compare to 5 lit LED's and a 60ms gear change at 8000+ rpm. The hills are alive with the sound of music strangely comes to mind when staring at this hot-blooded stallion square on in the eyes, parked on the showroom floor.
Offered out exclusively and painted in Rosso Corsa with the Tri-colore painted stripes this 16m will tick every one of your boxes. The interior is ladened with lightweight carbon fibre door panels, centre console, dash console, vent surround and steering wheel with LED display. The competition-ready Alcantara seats and dashboard are stitched in contrasting Rosso thread with the Rosso stitched Cavallino on the headrests. Exclusively available to the 16M were the Nero 5 spoke 19" wheels. These are not 458 wheels and were fitted initially to the press cars. Nero brake callipers, fender shields and plenty more carbon fibre exterior bits such as the wing mirrors, engine lid, front splitter and rear diffuser complete the jaw-dropping exterior styling. Also included is the JBL professional audio system but as far as we’re concerned, the only audio system we’re interested in sits right behind you and your passenger. Sold complete with a full-service history, books, spare keys, car cover, battery conditioner, spare wheel and leather-bound tool kit.
Ferrari 812 Superfast
The Ferrari F12 was hardly short of firepower, but you don’t get ahead by standing still, so it came as no surprise when the Italian brand launched an even faster flagship. Designed to humble the likes of the Lamborghini Aventador S and McLaren 720S, the Ferrari 812 Superfast goes its own, front-engined way in the pursuit of ultimate road car performance.
Essentially a heavily revised F12 that incorporates many of the lessons learned with the fearsome TdF, the 812 packs a 789bhp, (that’s seven hundred and eighty-nine!), development and evolution of the incredible V12 that can trace its roots back to the Enzo. It also features a more advanced chassis with four-wheel steering, plenty of active aerodynamics and the latest suite of driver aids.
This one-owner Patriotic Rosso Corsa Superfast over Black Nappa with prominent special red contrast stitching is truly exceptional. Delivered new by Scuderia JHB on the 12th of February 2018 it has only enjoyed a lean but extremely exhilarating 7,750km. Optional selected specifications include: Glossy black brake callipers, suspension lift kit, Cavallino stitched on the headrests in Rosso, Carbon Fibre steering wheel with LED display, Scuderia front fender shields Front and Rear parking cameras, 20" Forged Painted rims, High-Power Hi-Fi system and adaptive headlights. The ultimate grand-tourer with that added touch of Italian Theatre and Drama!
Ferrari 512 BB
Today, even the newest of the BBs are over 30 years old, and although they achieved forgettable results on the track, they’ve gained a lot of appreciation in recent years among collectors. The wedge styling that at one time might have looked dated now looks classic and cool. More importantly, the 512 series is now lauded as being among Ferrari’s last road cars completely built by hand and the car that signaled Ferrari’s acceptance of non-competition mid-engine technology.
We are delighted to offer for sale this immaculately presented 1980 Ferrari 512BB finished in Rosso Corsa with Crema Daytona seats and interior. The car has been comprehensively serviced throughout its life span and the all-important cam belt service was done in 2019 by Carlo Viglietti. 4 brand new period correct, Michelin tyres were imported and fitted in March of this year. The car comes complete with its original owners’ manuals & service booklet, workshop manual and various other histories. Any inspection is welcome and if you would like any further information please do not hesitate to get in touch.
1964 Ferrari 330 GT 2+2 Series 1
This numbers corresponding, 1964 Ferrari 330 GT 2+2 Series 1, with Grigio Fumo body and red interior, is the epitome of the early Ferrari and a wise choice for those who want a premium investment classic. They represent the last of the straightforward ladder-frame Ferraris, making them highly responsive and very driver-friendly. And, of course, they're powered by the legendary Colombo V12, a beautifully engineered power-plant that can produce 300 hp with a pure theatre-like experience. ****
This car carries with it a fairly comprehensive ownership file and shows only 4 owners from new when it was imported into South Africa by Trans Africa Cars on the 5th of February 1965. The car is in factory correct specification and the interior shows a well enjoyed lifespan which only remains original once. The tool roll is in the boot and is a sight to behold on its own. Recent maintenance on the car shows the carburetors have been fully restored, rebuilt brake boosters, full service including all fluids changed, rebuilt water pump, fuel tank cleaned and flushed with all new fuel lines, full restoration of the underside chassis in accordance to the chapter correct specification and a full restoration of the 5 original Borrani wheels with 5 brand new Michelin XWX tyres.
A total of 625 Series 1's (including 125 'interim' cars) were produced until 1965.
The Pre-Owned Ferrari Market Is Warming-Up
Does the volatility of the stock market affect the prices of exotic and collectible automobiles? This is an interesting question because many people believe the stock market is an indication of the state of the economy and that luxury goods and specifically investible, used Ferraris are affected by this. So, does a surge in the economy increase the prices in the used Ferrari market? No, and the reason is simple economics, supply and demand.
There is a much smaller supply of collectible, used Ferraris than there is a demand for them. There are many more billionaires that are in the market for these rare, investible Ferraris and, because there is such a limited supply when one comes on the market, price is not factored in relation to the economy. In fact, price is often not considered and people will pay whatever to obtain a specific Ferrari. Unique Ferraris that are recession-proof pertain to scarcer models or features. A lightweight limited production numbered model or a classic top-end model are both great examples of the types of Ferrari’s that will always be highly desired. A manual transmission is an example of a feature that is becoming more and more sought after as there are fewer of them in the market. The 458’s are not particularly low production numbered cars but they are hugely desirable right now because they are the last naturally aspirated mid-engine cars we’ll ever see from Marinello and let’s face it, If Ferrari launched the 458 today, its styling would still be accepted as current. On the back of 458’s desirability, we can now clearly see a vast difference in the price to its runner-up older sibling, the F430. The current price gap on average between the two models is well over R1.5m and as of the last few months, it’s closing fast and the interest is showing momentum in a northwards direction.
While the economy does not affect the prices of these rare Ferraris, the state of the economy does affect what investors are doing. Specifically, over the last few years, we have encountered more and more people who are looking to invest in the used market, especially during volatile times. The prices of these exotic automobiles will appreciate and there will always be a market for them. This alternative investment option seems to be of greater interest lately, as we are being asked more frequently to help with growing collections.
If you are a Ferrari lover, this will be of no shock. However, if you have some money to dabble with and you appreciate Ferraris or other exotics, this is a great hedge option that has been well proven. These opportunities are not just limited to rare and specialist models either. With the current chip and production shortages hitting manufacturers everywhere, this may be a rare opportunity for current and pre-current model owners. The industry indicators & literature suggest long delays. The entire industry was behind the gun even before the pandemic with regular parts like resistors and capacitors becoming hard to source. So, our guess is it might take longer than people might think. It is claimed that the local franchise’s order book is currently showing 8-month lead-times from deposit to delivery and then some. This puts previous generation models such as 488’s, 812’s, California T’s, etc with the power plan intact right at the forefront of the sweet spot.
there are many options on the market currently that you can safely speculate on and, let’s be honest, what can be more fun to speculate on than a Ferrari!
The Pre-Owned Ferrari Market Is Warming-Up