Some fallers amongst the Prancing Horses
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.