Delivery miles Heritage at mecum auction


SteveA

GT Owner/B.O.D
Mark IV Lifetime
Dec 13, 2005
3,700
Sandpoint Id
I agree with comments here. Purely frome a value perspective......mileage on a cobra or the like is really of no consequence. Who cares about it...no one. All the hoopla about GT's on mso, etc will soon fade away. It's a novelty now. The GT is such a one of a kind American phenomenon..............drive and enjoy. When was the last time you saw a Duesenberg with 5 miles. If you did, it would be worth the same as one with 500,000 miles.....

I don't know. If someone came up with a bubble wrapped barn find "delivery" mile 1931 Duesenberg Model J Long-Wheelbase Coupe for example.....I think the sky would be the limit during a bidding war for some of those high dollar collectors.
 

mal

Heritage GT Owner
Nov 23, 2012
152
London/Kent, UK
I don't know. If someone came up with a bubble wrapped barn find "delivery" mile 1931 Duesenberg Model J Long-Wheelbase Coupe for example.....I think the sky would be the limit during a bidding war for some of those high dollar collectors.

Well if you are going to wait another 75 years without driving it to realise that dream then good luck to you :facepalm::wink
 

SteveA

GT Owner/B.O.D
Mark IV Lifetime
Dec 13, 2005
3,700
Sandpoint Id
Well if you are going to wait another 75 years without driving it to realise that dream then good luck to you :facepalm::wink


Yeah, you should meet my virgin wife.:rofl
Wasn't saying that was my plan but my point was if you find one it will go for more than one with a half a million miles on it. Went to a car auction in Orange County Ca about 10 years ago and witnessed a show room new 73 plan Jane light green V8 Mustang hard top go across the stage with only 8 miles on it. I forget the exact number but it went for big bucks just because some guy wanted a perfect example for his collection.
 

mal

Heritage GT Owner
Nov 23, 2012
152
London/Kent, UK
Yeah, you should meet my virgin wife.:rofl
Wasn't saying that was my plan but my point was if you find one it will go for more than one with a half a million miles on it. Went to a car auction in Orange County Ca about 10 years ago and witnessed a show room new 73 plan Jane light green V8 Mustang hard top go across the stage with only 8 miles on it. I forget the exact number but it went for big bucks just because some guy wanted a perfect example for his collection.

Your wife won't look the same in 75 years!

You are right but not enjoying the car is not worth it IMO. Life is not all about accumulating money.
 

FBA

GT Owner
Dec 5, 2010
1,672
31.022340° N / 44.846191° W
Depends on what your goals are. I bought one; I drive it often and saw a 2nd one as strictly (and ONLY) an investment opportunity. It has increased in value at around 15-20% per year since I have owned it in the past 18 months and I expect that it will continue to rise by at least those same numbers every year. I also believe that that number will rise dramatically in 10+ years from now.

I drive my other one all the time and have done mods, including a blower, wheels etc...

I am 100% sure I'll get much more for the no-mileage one in say, 20 years - over one with even a few thousand miles. It's still in the factory wrapper and plastics with the stickers in place etc...

Anyone who thinks that given car A with no miles in original delivery state vs, car B with even 2k miles on it won't sell for much more, is just in denial.
 

RPM217

2005 white/blue stripe
Jun 18, 2010
1,674
Rye Brook, New York
Depends on what your goals are. I bought one; I drive it often and saw a 2nd one as strictly (and ONLY) an investment opportunity. It has increased in value at around 15-20% per year since I have owned it in the past 18 months and I expect that it will continue to rise by at least those same numbers every year. I also believe that that number will rise dramatically in 10+ years from now.

I drive my other one all the time and have done mods, including a blower, wheels etc...

I am 100% sure I'll get much more for the no-mileage one in say, 20 years - over one with even a few thousand miles. It's still in the factory wrapper and plastics with the stickers in place etc...

Anyone who thinks that given car A with no miles in original delivery state vs, car B with even 2k miles on it won't sell for much more, is just in denial.
You are probably correct, except that yellow will sell at a huge discount!!!





J/K
 

dbk

Admin
Staff member
Le Mans 2010 Supporter
Jul 30, 2005
15,260
Metro Detroit
I doubt anyone is under the impression that a car with less miles in better condition won't sell for more than a car in similar condition with higher miles. I just think it's unlikely that there will be an absolutely astronomical difference in price. Non-Heritage delivery mile cars seem to sell about 10-20% more than cars with a couple thousand miles. I think that's probably going to continue, especially based on what cars like the F40 and Enzo have done in their various conditions.
 

GKW05GT

GT Owner
Mark II Lifetime
May 28, 2011
2,790
Fayetteville, Ga.
With only 2 years on the forum it is my observation most everyone that is active are enthusiasts and very few pure speculators, with the exception of dealers and the lucky ones that have more than one GT. It is nice to see a rise in value as most cars are typically fair to poor investments. We are riding a high at the time and speaking for myself most of us will probably be dead when our cars are auctioned.
 

FBA

GT Owner
Dec 5, 2010
1,672
31.022340° N / 44.846191° W
You are probably correct, except that yellow will sell at a huge discount!!!
J/K
So maybe you want to buy mine now for what it will be worth in 10 years! :)
 

FBA

GT Owner
Dec 5, 2010
1,672
31.022340° N / 44.846191° W
With only 2 years on the forum it is my observation most everyone that is active are enthusiasts and very few pure speculators, with the exception of dealers and the lucky ones that have more than one GT. It is nice to see a rise in value as most cars are typically fair to poor investments. We are riding a high at the time and speaking for myself most of us will probably be dead when our cars are auctioned.
Damn - I hadn't thought of that, but I'll still be watching from above to see it gets a fair price!
 

SteveA

GT Owner/B.O.D
Mark IV Lifetime
Dec 13, 2005
3,700
Sandpoint Id
With only 2 years on the forum it is my observation most everyone that is active are enthusiasts and very few pure speculators, with the exception of dealers and the lucky ones that have more than one GT. It is nice to see a rise in value as most cars are typically fair to poor investments. We are riding a high at the time and speaking for myself most of us will probably be dead when our cars are auctioned.


Could not agree more.
 

GKW05GT

GT Owner
Mark II Lifetime
May 28, 2011
2,790
Fayetteville, Ga.
Damn - I hadn't thought of that, but I'll still be watching from above to see it gets a fair price![/QUOTE
Better than looking UP!!!
 

mal

Heritage GT Owner
Nov 23, 2012
152
London/Kent, UK
Depends on what your goals are. I bought one; I drive it often and saw a 2nd one as strictly (and ONLY) an investment opportunity. It has increased in value at around 15-20% per year since I have owned it in the past 18 months and I expect that it will continue to rise by at least those same numbers every year. I also believe that that number will rise dramatically in 10+ years from now.

I drive my other one all the time and have done mods, including a blower, wheels etc...

I am 100% sure I'll get much more for the no-mileage one in say, 20 years - over one with even a few thousand miles. It's still in the factory wrapper and plastics with the stickers in place etc...

Anyone who thinks that given car A with no miles in original delivery state vs, car B with even 2k miles on it won't sell for much more, is just in denial.

So lets say you are going to do 3K GT miles for the next 10 years and then sell - do you think it is better to keep one in the wrapper and the other will have 30K miles on it or would you be better running both and having 2 cars with 15K miles each?
 

Sinovac

GT Owner
Mark II Lifetime
Jul 18, 2006
5,864
Largo, Florida
So lets say you are going to do 3K GT miles for the next 10 years and then sell - do you think it is better to keep one in the wrapper and the other will have 30K miles on it or would you be better running both and having 2 cars with 15K miles each?

I think you would be better off doing what makes you happy. I am not the shrewdest investor around, but even if the GT appreciates 10%/year for the rest of my life, which isn't going to happen, I'm still losing money if I tie up several hundred thousand dollars in one for investment purposes.
 

Waxer

Well-known member
Le Mans 2010 Supporter
Jul 22, 2007
927
Problem with delivery mile cars is that they have to stay "delivery mile" cars in order to retain the added value people are willing to pay for them. They are in essence large paper weights.

From knowledgeable sources I have spoken to and from what I am seeing I think a well maintained and cared for FGT will bring a $1,000,000.00 in 10 to 15 years regardless of color. Heritages probably a little more.

As others have stated I am glad for once I didn't listen to my wife and buy that F430 instead.
 

Sinovac

GT Owner
Mark II Lifetime
Jul 18, 2006
5,864
Largo, Florida
Keep in mind there are many, many more ultra low mile cars sitting in garages than most people realize. This group consists of the most well connected and informed car enthusiasts I have come across, and how many of us see GTs out and about?

Honestly, I don't think ultra low mile cars will be "rare". Yes, they will always be worth more money and I'm happy they are being preserved, I just don't think they will remotely approach unicorn status.
 

mal

Heritage GT Owner
Nov 23, 2012
152
London/Kent, UK
Keep in mind there are many, many more ultra low mile cars sitting in garages than most people realize. This group consists of the most well connected and informed car enthusiasts I have come across, and how many of us see GTs out and about?

Honestly, I don't think ultra low mile cars will be "rare". Yes, they will always be worth more money and I'm happy they are being preserved, I just don't think they will remotely approach unicorn status.

You are right - with over 4000 cars made they will never be rare compared to some high end vehicles
 

FBA

GT Owner
Dec 5, 2010
1,672
31.022340° N / 44.846191° W
1) 4038 made, but how many left even today that are still driveable and HAVEN'T been totaled or accidented?
2) Wrapper cars in pristine shape WILL always bring more at the end of the day; there's always someone out there who wants one. There won't be 4000 of these things around in 20 years; not even close.

I really don't give a damn about the one I drive - if it goes up or down in value; that's my driver. My "investment car" is the yellow one and I have no desire to drive it, but rather just look at the thing every day in the garage. Beats looking at a painting on the wall for me. It's garage art for me and it appreciates; it's the reason why and the ONLY reason why I bought it. Annual cost to maintain is marginal compared to the anticipated ROI. Why would I want to drive it if I have an 800 RWHP modified GT sitting right next to it? I have a bunch of other high powered monsters to drive as well when I want to change things up.

When I look at all things considered, I see I have all types of various investment instruments in my portfolios and to get 10% a year (and IMO that's very low on this investment as I think it will go much higher) - I'd still be real happy. How many people out there do better than 10% annually compounded over say, 15 years? I bet very, very few. Anything higher would be far more risk, with few exceptions, like real estate, and even that's seriously collapsed in the US in a few key areas over the past 7 years. Diversity is the key to any long term investment gain.

If the car ended up being worth a million in 20 years...it may not fare as well as some of my real estate holdings, but it will do far better than the markets, for me anyway. I don't play with high-risk vehicles in the stock market...so if I see a 3-5% net after tax each year, I'm ecstatic, and I know that when many see their wealth shrink in an overnight crash, I'm not one of them. I try to be realistic about things, so anyone telling me they see 25-30% gain in their market portfolio annually, I know is NOT telling me what they actually lost in crashes. But I guess - to each, their own.

My yellow GT will remain a delivery miles car as long as I own it. It will have it's fluids changed every 1-2 years - and gas pumped out and changed each year. It's not that tough to do and it's a climate controlled garage. I'm sure it's easier to invest that 200k into the market and maybe I'll get lucky, or not, but this will continue to rise over time; I have no doubt. I don't see the bottom all of a sudden falling out on these cars.

Sinovac, 200k at 10% for 20 years is a huge return for most, but it really depends on how much one is willing to tie up in one single investment. For me, it was a no-brainer. All about diversity. I only look at this car as an art investment, nothing more.
 

Waxer

Well-known member
Le Mans 2010 Supporter
Jul 22, 2007
927
You have to account for attrition. I'm willing to bet there are only roughly 3000 "no story" cars left world wide with even less as years go by. As values increase I think less will find their way to market and thus desirability will increase even further.

I think the ultra low mile cars will only be of interest to super wealthy who look at cars as commodities not like enthusiasts and will likely pay way more for a delivery mile museum example. No enthusiast who wants to enjoy the car would pay extra for a delivery mile car. However, I'm betting just average low mile pristine example cars that can be driven and enjoyed from time to time will fetch $1 million in 10 to 15 years.

Even now their values seem to be rising not falling. Clearly remarkable but they are remarkable cars and were seen so from the start.

MO2Cents.
 
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Sinovac

GT Owner
Mark II Lifetime
Jul 18, 2006
5,864
Largo, Florida
These threads are always the same and we sound like a broken record. I hope you guys are right about GTs being worth $1m in 15 years or so. Of course, a gallon of milk might be $92.50 too. lol