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| Ariel Badger |
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Ariel Badger
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Joined: 02 Dec 2006
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 Posted: 19:26 - 02 May 2012  Post subject: There is one born every minute |
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Red Bike Sold
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| Themightyimp |
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Themightyimp
Crazy Courier
Joined: 24 May 2011
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| Posted: 19:28 - 02 May 2012 Post subject: |
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WTF!  |
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| Ariel Badger |
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Ariel Badger
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| Posted: 19:40 - 02 May 2012 Post subject: |
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So did this one
And the Maserati
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| Suntan Sid |
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Suntan Sid
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Joined: 07 May 2009
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| Posted: 19:53 - 02 May 2012 Post subject: |
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That is all.
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| L-Jam |
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L-Jam
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| Kris |
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Kris
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Joined: 03 Feb 2002
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| Posted: 08:13 - 03 May 2012 Post subject: |
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I would wager it has been bought as an investment only, much like famous artwork.
The rich tend to keep their wealth in assets. Nothing new here.
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| Piercee100 |
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Piercee100
Trackday Trickster
Joined: 07 Mar 2011
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| Posted: 09:08 - 03 May 2012 Post subject: |
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Would be fun to own for bragging rights 
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| daemonoid |
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daemonoid
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| Kris |
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Kris
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| DEMONDUCATI |
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DEMONDUCATI
Borekit Bruiser
Joined: 24 Apr 2012
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| daemonoid |
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daemonoid
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| Posted: 14:00 - 03 May 2012 Post subject: |
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| Kris wrote: | It was officially sanctioned by the Ferrari family as a tribute to Enzo. I would hazard a guess that they don't hand them out like pizza leaflets.. A true one-off and with documented correspondence with the Ferrari family, definate value there. |
And there you go... you too have fallen into the hype trap. Ferrari didn't give David Kay's bike an official sanction, they gave him permission to use the logo on a one off project. 'Documented correspondence' is pushing the definition - it's one letter signed by an, at the time, new and inexperienced exec.
The bike is not particularly good. The provenance is pushing a story over reality (it's a custom bike with Ferrari art and a letter). There's no surprise it failed to make the £180k they were after in '08, there's no surprise it hasn't sold on eBay since then for an ever decreasing price. There is a surprise that it went for £85k when a much better investment piece would be a Duc RR or any number of bikes that have genuine interest.
Also note the bike made £85,500 (incl buyer's premium) so more like £78,000 instead of the £100,000 reserve - most people were not suckered in, but one or two dumb buyers with more money than sense spotted the Ferrari badge and were suckered in.
In short: there are a lot better assets to put your money into than a custom bike and a signature.
<edit>lets start with this: https://www.autotrader.co.uk/classified/advert/201213459252429
In 10 years time if that 365 isn't worth more than the bike I'll be astounded</edit>
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| Ariel Badger |
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Ariel Badger
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Posted: 17:04 - 03 May 2012  Post subject: |
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A rather poor investment IMHO unlike This
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| MarkJ |
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MarkJ
World Chat Champion
Joined: 11 Apr 2006
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| Posted: 17:18 - 03 May 2012 Post subject: |
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Old Thread Alert!
The last post was made 13 years, 275 days ago. Instead of replying here, would creating a new thread be more useful? |
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