16 February 2016

Classic Classified: 1984 Ferrari 512 BBi

From: Hemmings Motor News
Date: March 1989
Price then: $285,000 ($545,500 adjusted for inflation, about the cost of a new 2016 Lamborghini Aventador LP750-4 SV today)
Price now: $215,000 - $360,000
Approximate dollar difference:  $185,500 (assuming No. 1 condition)
Annual rate of return: -1.5%

Ferrari: 1984 512 BBi, 6,721 original miles, plastic covering still on door sills, excellent example, $285,000

Berlinetta Boxers have garnered a lot of attention in the past year with a 100 percent gain in value over the past 12 months. This is very good news for owners who have held their cars for a few years. On the other hand, it’s a different story over the longer term when you look at this case. Enzo Ferrari passed away in 1988, and this resulted in a price hike for just about every car with a Prancing Horse on it for the next couple of years. Considering that this car would’ve cost about $65,000 new, the insanity of the market then is quite apparent. There is always risk in investment and this is a prime example of knowing when to buy and when not to. In this case, it would’ve been best to pass on this ad.

2 Reader Comments

  • 1
    Jeff Michigan February 24, 2016 at 13:33
    What a shame, only 6700 miles. What a waste. People should invest in stocks and drive cars.
  • 2
    Jarl de Boer California February 24, 2016 at 14:46
    Of course, if you hold it long enough (and buy it right enough) it always pays. Consider 1429GT (a PF coupe) which moved to my garage in 1964 with a partially disassembled engine but no other serious problems - and 62,000 KM on the clock - for the princely sum of $ 800. That SAME week a close friend bought his pontoon fendered Testa Rossa for $5000 and TRIED TO RETURN IT because the condition was so much worse than advertised!

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