In early November 2008, I received multiple early morning phone calls and emails telling me that Lamborghini of Orange County had just closed its doors. My first thought was how could the largest Lamborghini dealership in the world possibly go broke? My second thought was, why had it taken so […]
Author: Michael Sheehan
When 25 Miles Doesn’t Matter
In late January, the owner-principal of an authorized Ferrari dealership emailed an unusual question: “Do you think there is a retail price difference between an Enzo with 990 miles and one with 1,015 miles? We have a service customer with an Enzo who is concerned our road testing after the […]
The Bottom Line in Scottsdale
Last summer’s Monterey auctions defined the top of the collector car market, and Scottsdale has delivered a new bottom line. It’s pretty hard to argue the collector car market isn’t on solid ground when collector cars generate $133m in Scottsdale in one week. Barrett-Jackson did nearly $61m, Gooding just over […]
How Many Ferraris?
In my two previous columns, I divided Ferraris into the Enzo-era cars (1947-73), the Fiat-era cars (1973-91), and the Montezemolo-era cars (1991-present), and I outlined how each generation fared differently in the current economy. But I didn’t go into how many Ferraris exist and where they are, which elicited a […]
Ferrari Tests Its Brakes
In last month’s column I discussed how Ferraris have evolved through three distinctive eras in the past 60 years: 1. Racing-based evolution of the Enzo Ferrari era 2. Mass production of the Fiat years 3. Even-higher-volume of the di Montezemolo era I concluded, in part, that the Enzo-era cars are […]
60 Years and Three Ages of Ferrari
Over the last 60 years, Ferraris have evolved through three distinctive eras: the Enzo Ferrari era, the mass-market Fiat years, and the present high-volume exotics from Luca di Montezemolo. The Enzo era began modestly enough in 1947 with a pair of 125 Barchettas, s/ns 01C and 02C. Powered by a […]
New Day, New Rules
Six months ago we received one or two calls or emails a day from people who wanted us to help them to market and sell their Ferraris. Today we receive half a dozen calls or emails every day, and the number is growing. With each call I laboriously explain that […]
Highs and Whys in Monterey
The 2008 Monterey auctions brought together the largest collection of high-dollar collector cars ever offered anywhere on one weekend. Four of the auction houses featured multiple top-level GT Ferraris, with seven 275 GTBs, four Daytona Spyders, three Lussos, and almost four dozen more Ferraris crossing the block over three days. […]
Laws of Diminishing Returns
I recently received an email regarding a 430 Scuderia that had hit a deer, with the damage described as “very lightly hit, the bumper is scratched and the hood is lightly dented.” Further emails stated that the owner, who was a passenger in his own car, felt the diminution in […]
20 Ferraris You Shouldn’t Resist
I’ve known Keith Martin for more than 20 years and have been involved with SCM nearly from the start. In the earliest days, 1989-90, he was buying and selling Alfa Romeos like there was no tomorrow (read: like there was no 1991). I’ve watched with interest as he has gone […]