Hagerty value for the Heritage!

[pvgtX2]

So tell me then, what makes a Ferrari 275 worth 40+ mil? It's far from awesome, doesn't even come close to a GT40 in performance and quite far from a timeless design; just more rare than the GT. It isn't a real race-bred carbon tub CGT either. Duesenberg's and Bugatti's are at least spectacular cars to own, look at, and drive, but even they aren't 40+ million $.

I'm not saying the FGT is worth that - as clearly, it's not, but I can easily see them hitting a mil before hitting a wall; within 10 years or perhaps even less. I don't think it's a "bubble" car. I think as long as the demand is there (and I believe that will not change) - the price will continue to escalate. I have however noticed that market pricing is driven by the big 4 auctions...most clearly that in fact. Each time a GT sells at one of these auctions, the prices on Ebay go up the same week, and they just keep moving up from there. I think the higher and escalating prices are here to stay, but I could be wrong. I don't think anyone will be able to drive the prices down, as was once the case. Also remember that where other performance cars are plentiful from the many overseas exoctic car manufacturers, there were only 2 Ford's that made it to the supercar category...and of that - really only one; the GT. So there is a uniqueness about the GT in that it's the only production car Ford ever produced that's in the same class as some of the most expensive production supercars in the world. In fact, at 160k, it rivaled and continues to rival cars 3-5 times its initial selling price. I'd expect to pay 3-4 times the GT's original selling price for a Lambo or a Ferrari or a McLaren, or a CGT...but I wouldn't expect to buy a car for 160k that can compete solidly against these half-mil super cars in terms of style, design and performance. Imagine too, that it's just a run-of-the-mil 5.4 liter V8...with a lot of power and very high reliability! The same can't be said for many of these 500K+ cars...fancy Italian engines that cost more than a GT and are less than half as reliable, or better yet, 200k+ Porsches with an engine recall where every single one needs to be replaced.

Just curious…which 275 are you referring to that sold for 40M? Are you referring to the NART car from monterey last year that sold for 27.5M including commissions? As you may know that was an extremely unique circumstance. A very rare car….an original owner car….and two people who really wanted it bidding against each other. The typical 275 (perfectly restored) sells for a very very small fraction of that. Despite what our individual tastes may be, the 275 and the 250 (GTO) are widely considered to be two of the most beautifully designed cars ever. They are also very very rare. I believe that if there were fewer than 50 FGT's in existence, the value of our cars too would be 5-10 fold higher (at least).

A good deal has been said on this thread about websites with price transparency driving down the price of the FGT. IMO, the economic climate had more to do with that than transparency of selling prices. My personal opinion is that the price ceiling will be determined by whether the next generation GT buyer values the car as much as many of the first generation guys do. I don't know if there has ever been a thread looking at the age data of owners on this site, but I have a hunch that it may be more slanted to the generation that understands the significance of the GT40 at LeMans.

 

[FBA]

The guy that bought the NART car is a local billionaire by the name of Lawrence Stroll (Tommy Hilfiger, Ralph Lauren, Michael Kors), but that car was sold for under half that price a few years earlier. I believe another car sold for over 40+ million shorty after that one, IIRC.

 

[GT35065]

Thank you Sinovac for the iota clarification, I figured it must be something a barrister would understand. Hope all went well today.

FBA, good job for having a wrapper car, looks like you are going to do well with the investment. Glad you have one you drive too. Kind of wish I'd put a Heritage away for myself. Wish I had bought Ford at $2.00 too. Oh, wait, I did. That's why I rationalized buying my GT

 

[Kayvan]

Still think the value play is a Heritage salvage

Many a 427 Cobra had some race track mishaps with little impact on value today

 

[RALPHIE]

I bought Ford at under $2.00 - bounced back to $15-$16 and has stuck there. Still waiting....

As far as the FGT values go, - the higher they go, the more my kids may have to pay on inheritance taxes.

 

[GT35065]

Ralphie, I took profits a while back at $14, then bought 3/4 of shares back at average cost of $13. Been very boring the last couple of years other than the 3% dividend. Really seems stuck in 15-16 range. The GT's have done much better over the last couple years.

 

[dbk]

I bought quite a bit between $1.50-3 but sold all but a token amount at $13-14. Had to keep a small amount just for the memories. It'll be an interesting couple years. More upside than usual, but lots of additional risk with so many product launches coming so quickly.

 

[Gene Cassone]

I totally agree with Dave. I too remember centerpunch website and disagreed with his long term outlook for the gt(thT that would stabilize or go down) I think the gt will slowly appreciate overtime , no real bubble! Too many buyers in the market. The only thing that would hurt pricing if they came out with another which is unlikely

 

[bret a ewing]

I believe the worldwide collector with means wants (needs) to have a Ford GT in his or her collection. I also believe there are more than 4000 of these individuals.
I do not belive the interest in the car will diminish in my lifetime...............or 25 years whichever comes first.

 

[jvmax]

that's what I thought too (salvage Heritage):

http://www.autotrader.com/cars-for-...&mmt=[FORD[GT[]][]]&listingId=342111704&Log=0

 

[Joehand1]

The GTs value has secured a "floor" because people like me see it as the least likely modern super car in that price range that will rapidly depreciate to half it's msrp in 5 years. That and the obvious low maintenance cost and upside price pressure from collectors from Russia, China and The Middle East make it an obvious choice.

The uniqueness of the car made it a pick for me 6 years ago over a new 911 Turbo, that would be worth 60k now...

 

[Kayvan]

that's what I thought too (salvage Heritage):

http://www.autotrader.com/cars-for-...&mmt=[FORD[GT[]][]]&listingId=342111704&Log=0

Unrepaired salvage under a tarp in ur garage for 10yrs will be hunk of gold!

 

[Gene Cassone]

NART spider at 27 million. It's all relative; what you want, what you have, and how many there are!

 

[dshears]

Last year I was checking to see if I could lower my insurance rates because I had seen the $850.00-$900.00 rates through State Farm and I thought wow I am paying way too much. On further checking I found that yes it is $850.00-$900.00 rate, but that is only for 6 months. Many years ago it used to be a yearly rate but they changed it to 6 months so you think you are getting a "deal".

 

[mopar]

Last year I was checking to see if I could lower my insurance rates because I had seen the $850.00-$900.00 rates through State Farm and I thought wow I am paying way too much. On further checking I found that yes it is $850.00-$900.00 rate, but that is only for 6 months. Many years ago it used to be a yearly rate but they changed it to 6 months so you think you are getting a "deal".

auto owners 478 6 month 243000 agreed value 33 per weekend to drive

 

[Xcentric]

What does "33 per weekend to drive" mean?

 

[mopar]

What does "33 per weekend to drive" mean?

to drive it 11 bucks a day

 

[Xcentric]

$11 X 365 = $4,015. $33 X 52 weekends = $1,716. What am I missing?

 

[Kayvan]

So are GTs now $250K if under <2,500 miles?

http://www.ebay.com/sch/Cars-Trucks...=3&_nkw=Ford+GT&LH_Complete=1&LH_Sold=1&rt=nc

Seems like $225K is new floor...

 

[FBA]

I pay 2K annually, but our season goes from March/ April - November. My non-driven yellow one costs me $700.00 for fire and theft.