Some fall­ers amongst the Pranc­ing Horses

Classic Cars (UK) - - Chasing Cars -

After a pe­riod of read­just­ment down­wards, a lot of Fer­rari val­ues are start­ing to head back up again. How­ever, there’s a caveat to that – it’s largely due to the on­go­ing weak­ness of Ster­ling val­ues – in other mar­kets the cars re­main pretty static, and the ma­jor­ity of Fer­raris are traded out­side the UK rather than in it. You sim­ply need more pounds to pay for them now.

So against that back­ground, when you see that some Fer­raris like the 365GTC still fall­ing in value that’s a very real drop. In re­cent times the GTC has largely tracked the val­ues of its more com­mon but more iconic con­tem­po­rary the 365GTB/4 Day­tona, and that’s also on the slide a bit at the mo­ment. Nei­ther car could yet be called a bar­gain – their prices re­main above where they were five years ago, par­tic­u­larly the Day­tona – but they are worth keep­ing an eye on, es­pe­cially be­cause that Day­tona has long been con­sid­ered as a barom­e­ter for the whole mar­ket. On the other hand, the GTC is prob­a­bly a safer buy, less prone to the whims of fash­ion.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.