How popular are Ferrari? Tomorrow is the UK’s first “Ferrari-only” auction!
If you happen to be at the iconic Silverstone racing circuit tomorrow, you might just be able to pick up a Ferrari at a bargain. In a strong display of the most luxurious of luxury supercar brand’s popularity, Friday 18 May will see the United Kingdom’s first ever “Ferrari-only” auction, held by Silverstone Auctions. 33 supercars will be available, including some of the most sought-after models in existence.
Ferrari’s share price has risen by 57% over the past 12 months
Source: Yahoo Finance
The most expensive car (going by guide price) at the auction will be the classic 1972 Ferrari 365 GTB/4 Daytona, which is expected to bring in between £500,000 and £575,000. It’s one of only 158 right hand drive models ever made, and is considered one of the most desirable classic Ferraris available.
However, there will be another 32 cars on the block tomorrow, ranging from models produced in the early 1960s to cars with a vintage as recent as 2014. But expect to spend big to own one of these collectors’ items: guide prices go from between £185,000 to more than half a million pounds.
According to ick Whale, the managing director at Silverstone Auctions: “The Sale of Ferraris’ is a brand new auction for our 2018 calendar and the cars consigned to the sale are definitely some of the best in the country. This is the sale of the year for any serious Ferrari collector, with a range of cars spanning from the early 60’s all the way up to the latest super cars from the legendary marque.”
All this just goes to show that when it comes to customer demand, Ferrari’s still got it in spades.
Disclosure
Dominion holds Ferrari in its Global Trends Luxury Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!
Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent- Click here to print this story:
- Go to: /all-stories
Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.