Sorry for the crazy translation – had to use Google Translate to convert to English
Under the hammer: Mid Ranged Priced Ferrari
by Vincent van der Vinne (1/31/2015)
Whoever wants to buy a classic Ferrari convertible, must now have a lot of money. For example, the auction price of two million dollars for a 250 GT Cabriolet is not uncommon.
Happily, This Ferrari Mondial T Cabriolet takes a lot less.
This at the Artcurial auction on February 6th, Mondial T Cabriolet is a relatively young car. This Ferrari dates back to 1990. Due to the young age, it’s more of a used Ferrari then a classic Ferrari.
But as a Ferrari, it is quite affordable to buy. The auction house expects the Ferrari to for 30,000 to 35,000 euros ($35-$40 USD)
The Mondial Cabriolet Artcurial is offering has been driven more than 40,000 miles.
These cars are too cheap
Ferrari made about 2,500 Mondial convertibles in total (spread over three series). One might think that the Mondial Cabriolet won’t be an interesting car for the future. The car is a bit too cheap. The prestige of older, open Ferraris is very large. That obviously has to do with the production numbers. The now precious models usually had no more then 250 examples. However, the production figures don’t determine everything.
For example, take the open Jaguars of the fifties. For example, say the XK140 and XK150 Drophead Coupe, respectively, nearly 2,800 and nearly 2,700 copies (in total Jaguar built more than 20,000 open cars on the XK chassis). Good ones cost at auctions soon three times a Ferrari Mondial Cabriolet.
The gap in price “between the Jaguar and Ferrari Mondial Cabriolet is partly explained by the age. Though it will never be a very expensive Ferrari, it seems a matter of time that there is more interest in the Mondial Cabriolet will emerge, and that will increase its prices