Classic Classified: 1984 Ferrari 512 BBi
From: Hemmings Motor News
Date: March 1989
Price then: $285,000 ($545,500 adjusted for inflation, about the cost of a new 2016 Lamborghini Aventador LP750-4 SV today)
Price now: $215,000 – $360,000
Approximate dollar difference: $185,500 (assuming No. 1 condition)
Annual rate of return: -1.5%
Ferrari: 1984 512 BBi, 6,721 original miles, plastic covering still on door sills, excellent example, $285,000
Berlinetta Boxers have garnered a lot of attention in the past year with a 100 percent gain in value over the past 12 months. This is very good news for owners who have held their cars for a few years. On the other hand, it’s a different story over the longer term when you look at this case. Enzo Ferrari passed away in 1988, and this resulted in a price hike for just about every car with a Prancing Horse on it for the next couple of years. Considering that this car would’ve cost about $65,000 new, the insanity of the market then is quite apparent. There is always risk in investment and this is a prime example of knowing when to buy and when not to. In this case, it would’ve been best to pass on this ad.
