Ferraris ride unusual tide ~ Michael Sheehan: Ferraris-online.com

Ferraris Ride ~ Unusual Tides

It seems strange when a late non-Chairs and Flares 246 GTS sells for $252,500, while a Chairs and Flares 246 GTS sells for $467,500

As appeared in:

Sports Car Market--November 2012 issue

Sheehan Speaks

by Michael Sheehan

1974 Ferrari Dino 246 GTS "Chairs and Flares" -- auctioned at $467,500, a $200,000 gap from a non-Chairs and Flares version sold at Monterey

The Monterey auctions have again redefined the auction world's segment of the collector car market, and, as usual, Ferraris are in the top tier of cars.

Gooding offered 15 Ferraris with two no-sales for an 87% close rate and $40,276,500 in sales. RM was close behind with 14 Ferraris on offer, with all selling for a 100% close rate and $30,954,000 in sales.

Mecum was a very distant third with 12 Ferraris on offer with three no-sales, for a 75% close rate with $1,622,000 in sales. Russo and Steele had 14 Ferraris on offer with four no-sales for a 71% sold rate and $1,431,100. Bonhams had five Ferraris on offer and two no-sales for a 60% close rate and $710,000 in sales.

The wild world of Dinos and Daytonas

It did seem strange when a late non-Chairs and Flares 246 GTS, s/n 7914, sold for $252,500, while a Chairs and Flares 246 GTS, s/n 7908, sold for $467,500.

There used to be a $25k spread for Chairs and Flares, then a $50k spread, but how does one justify a $200k spread?

How about 330 GTC s/n 10683, which sold for $550,000?

Another example of confusion happened in the Daytona market. At Monterey, three Daytonas changed hands, with s/n 14735 sold at $324k, s/n 16339 for $363k and s/n 15117 sold at $396k. How does one justify not one, not two, but three Daytonas sold below $400k -- at $324k to $396k -- yet a Dino brought $467,000 and a 330 GTC brought $550,000?

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