July 16, 2024

chasepost

Built General Tough

Is the price of the Ferrari 550 Maranello going through the roof? (Oldtimer blog article from January 27, 2021) | Double-declutching

Ferrari 550 Maranello from 2000 (© Patrick Ernzen - Courtesy RM / Sotheby's)

Sold last weekend
RM / Sotheby’s in Arizona
one
Ferrari 550 Maranello
from the year 2000 with chassis number ZFFZS49A1Y0119838 for USD 257,600 (EUR 211,232, CHF 229,264). This is certainly a price that is surprising, especially since the already optimistic estimate of USD 150,000 to 200,000 was clearly exceeded.

Interior of the Ferrari 550 Maranello from 2000 (© Patrick Ernzen - Courtesy RM / Sotheby's)

In this country you can see the majority of the Ferrari 550 Maranello in stores at around EUR 100,000, in some cases even less than EUR 80,000 is enough to get started. So why would someone pay almost three times as much? The car, traded in the USA, had neither a prominent previous owner nor a rare paintwork; in fact, it was red and had a light-colored leather interior, like hundreds of other 550 Maranello Coupés.

Engine of the Ferrari 550 Maranello from 2000 (© Patrick Ernzen - Courtesy RM / Sotheby's)

However, the manual car had a very low mileage, namely around 4400 miles. It also looked importantly appetizing. It was by no means the most expensive Ferrari 550 Maranello ever traded, because in 2015 and 2016 significantly more was offered (in EUR) than last weekend.

Highest bids for the Ferrari 550 Maranello (1996-2000) in the double-declutching auction database

Another look at the transaction data of the
Double-declutching auction database
shows that of the 71 Ferrari 550s traded in the past eight or nine years, 34 were offered in the UK and only nine in the States. The British are obviously big fans of the classic Ferrari Granturismo and the shortage in the USA is causing a certain demand among the Americans.

Rear view of the Ferrari 550 Maranello from 2000 (© Patrick Ernzen - Courtesy RM / Sotheby's)

With this and the low mileage, the high price can be explained to some extent, but at most in part. The rest was a desire to buy and two bidders who didn’t want to give in. As it can sometimes happen at auctions.