Testarossas cool off

The plight of the Ferrari Testarossa illustrates a common market phenomenon. Unfashionable classic finds favour when the schoolboys who lusted after them grow up into a serious buying force, prices surge, long-term owners see an unexpected opportunity to cash in and suddenly there’s a flood of cars on the market. The result – a seller’s market becomes a buyer’s market with only the best cars making strong money, or selling at all. Cars with average mileage and condition, and patchy service history, fall back from the peak.

The Testarossa languished around £30k for years, a common price point for supercars in the hinterland between modern and widely accepted classic status. The gold rush pushed them beyond £100k, and at Techno Classica Essen a couple of years ago every other dealer seemed to have one at €170k. Now they have to be placed with much less ambitious auction reserves if vendors want to avoid the cost and humiliation of having to trailer them back home afterwards.

Sometimes, in a rising market, you just have to accept the new price for your dream car and either dig deep or risk missing out on ever owning one. But you also need to be wary of transient microclimates that create flash floods. I’m sure Testarossas will rise again in the long term, but now’s not the time to pay whatever the vendor fancies asking for his newly ‘investment grade’ Ferrari.

Buying advice and market analysis is part of 18 pages of buying information in every issue of Classic Cars magazine, including Quentin Willson’s Smart Buys, Russ Smith’s Market Watch, in-depth buying guides and Ads on Test.

Phil Bell

Editor, Classic Cars magazine

For more details of the latest issue, visit www.classiccarsmagazine.co.uk

Recently Added

P1250464Sponsored Ad
£8,750
  • 13,200
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1096385
1979 V Austin Mini City 850 in lovely original condition. Due to this remarkable mini covering ju...
35
07967135037
View details
1970astonmartindbs6manualSponsored Ad
£269,950
  • 66,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1096383
1970 Aston Martin DBS-6 Manual. Complete Restoration. (Available late November) (1970)
11
07939936640
View details
Sam 5536Sponsored Ad
2004
£1,695
  • 88,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1096381
2004/54.. Jaguar.. S Type.. 3.0 V6 SE.. 4 Door saloon.. Automatic.. Metallic platinum silver with...
1968astonmartindb6vantageSponsored Ad
1968
£474,450
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1096374
Aston Martin DB6 Vantage Manual - 1968 Earls Court Motor Show (1968)
12
07939936640
View details
46016 1Sponsored Ad
1997
£POA
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1096379
1997 Ferrari F50 (LHD) for sale in London A mere 10,800 miles from new 1 of just 349 examples (Th...
32
0208 226 3044
View details
Placeholder cbe6c9521c21456cf9170dc847e3e1de3931371c967e81955c16862b992b5364Sponsored Ad
1967
£POA
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1096378
1967Jaguar E-Type Series 1 4.2 Litre (RHD) for sale in London Just 2 former owners Recent recipie...
0
0208 226 3044
View details
46014 1Sponsored Ad
1967
£POA
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1096377
1967Jaguar E-Type Series 1 4.2 Litre (RHD) for sale in London Just 2 former owners Recent recipie...
34
0208 226 3044
View details
46013 1Sponsored Ad
1991
£125,000
  • 50,500
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1096376
1991 Bentley Continental Convertible (LHD) for sale in London Beautifully presented in its origin...
30
0208 226 3044
View details
Img 1293Sponsored Ad
1974
£29,995
V8
  • 63,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: DIY1087106
Genuine built factory car in excellent condition, one previous keeper, sympathetically recommissi...
6
07785117500
View details
46012 1Sponsored Ad
1959
£POA
  • 0
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • Refcode: TA1096375
1959 Jaguar XK150 3.8 Fixed Head Coupe (LHD) for sale in London Very rare Automatic transmission ...
26
0208 226 3044
View details
See All Classic Cars for Sale