Saturday, 13 December 2014

Ferrari 365/400/412 price valuation index - Onschatbare Klassieker Magazine / OKM


The new "onschatbare klassieker" year book is out. As I have a few older copies it triggered me to compile this overview of the price evaluation for the 400. The one provided by Hagerty is interesting but shows prices in US Dollars. (http://www.hagerty.com/valuationtools/HVT/VehicleSearch). The prices overhere in Europe are significant different. Very likely the Euro currency conversion at the time did cause a bit of a price difference.

As you can see, I only have a few years. So if any of you have the OKM edition of the missing years I'm very interested to hear those numbers to update the table. I have no idea how this price index is generated, ie what references are being used. The year 2001 was listed in Dutch Guilders, so I converted it to Euro. In 2001 they only ranked class A, B and C (in fact it was in reverse order as well - meaning Class C was ranked highest). Unfortunately there was no price index for the 365 either untill 2007. Again, no idea why it was missed out.

Interesting to see the fluctation of the 412 and how the 400 moved up. I would say the 2015 index makes most sense in the prices. Meaning the oldest are ranked highest followed by the natural order of models. Also the mentioned prices seems to be "close" on what's currently being offered for sale.

Overall it seems that prices for this car have been fairly steady over the last decade and more. Only in the last year or two there seems to be an upward price indication. Is it a trend or a temporary spike? Time will tell.

Ferrari 365 / 400 / 400i / 412 Price index x 1000 in Euro

Year Class 365 400 400i 412
2001 A NA 25 25 40
  B NA 18 18 27
  C NA 9 9 15
  D NA NA NA NA
  E NA NA NA NA
2005 A NA 40 35 40
  B NA 32 28 32
  C NA 25 22 22
  D NA 14 12 15
  E NA 6 5 7
2007 A 85 55 65 75
  B 60 42 47 42
  C 35 25 32 22
  D NA 14 NA 15
  E NA 6 NA 7
2013 A 85 55 65 75
  B 60 42 47 42
  C 35 25 32 22
  D 20 14 16 15
  E 10 6 10 7
2015 A 90 75 65 55
  B 65 52 47 35
  C 40 33 32 25
  D 24 20 16 17
  E 12 7 10 8

Years of production, volumes and specs.

Model produced total manual auto fuel hp engine
365 1972-76 524 524 NA carb. 320 4.4
400 1976-79 502 147 355 carb. 340 4.8
400i 1979-85 1305 422 883 injection 310 4.8
412 1985-89 576 270 306 injection 340 4.9

Model produced total manual auto fuel hp engine
365 1972-76 524 524 NA carb. 320 4.4
  1972 3 3 NA      
  1973 216 216 NA      
  1974 120 120 NA      
  1975 126 126 NA      
  1976 60 60 NA      
400 1976-79 502 147 355 carb. 340 4.8
  1976 33 6 27      
  1977 161 56 105      
  1978 213 58 155      
  1979 95 27 68      
400i 1979-85 1305 422 883 injection 310 4.8
  1979 116 33 83      
  1980 233 79 154      
  1981 241 79 162      
  1982 230 69 161      
  1983 235 82 153      
  1984 239 79 160      
  1985 14 3 11      
412 1985-89 576 270 306 injection 340 4.9
  1985            
  1986            
  1987            
  1988            
  1989            

New catalogue price in Dutch Guilders (divide by 2.20 for Euro prices).

Year   365 400 400i 412
1976   119.500      
1977     136.800    
1980       162.500  
1984       235.126  
1987         327.905

And to be complete I made a snapshot of all 365/400/412 currently offered for sale in Europe (excluding UK). This to provide an indication on the amount of cars for sale and their price ranges. I think it's a fair comment to make that most of the offered cars are in between B & C classes.
I only used the website www.leparking.com so perhaps a few are missed out. But as said, it's only for indication purposes. The mentioned prices are in Euro and Mileage is in Km's.

Model Price Year Mileage Automatic Manual Country
365 56.969 1973 142.300   x Swiss
  68.000 1976 70.000   x Italie
  69.900 1972 137.000   x Germany
  72.000 1973 81.000   x Italie
  75.000 1976 63.000   x Italie
  75.000 1976 45.000   x Italie
  80.000 1976 54.571   x Italie
  89.500 1974 82.000   x Netherlands
  125.000 1976 33.145   x Germany
400 19.350 1979 NA   x Germany
  22.000 1978 95.000 x   Belgium
  28.000 1978 60.000 x   Italie
  37.176 1978 33.000 x   Finland
  39.000 1978 89.749 x   Belgium
  40.000 1979 105.000 x   Germany
  45.000 1977 85.000   x Germany
  54.000 1978 83.000 x   Germany
  54.900 1979 25.800 x   Germany
  65.000 1978 29.000   x Italie
400i 23.687 1982 120.000 x   Belgium
  24.900 1980 52.000     Italie
  24.990 1983 86.400 x   Germany
  25.000 1980 61.077 x   Hungary
  28.900 1979 98.400 x   France
  29.900 1980 40.700 x   Germany
  32435 1981 87.000   x Swiss
  32.900 1984 73.000 x   Germany
  32.900 1981 95.000 x   France
  37.400 1982 83.000 x   Germany
  37.425 1981 98.000 x   Swiss
  37.900 1981 16.500 x   Germany
  38.700 1980 52.000 x   Italie
  40.500 1981 32.000 x   Italie
  42.900 1980 103.900 x   Germany
  45.000 1981 19.950 x   Germany
  49.900 1979 114.000 x   Italie
  49.900 1981 57.000   x Italie
  52.000 1981 99.000   x Italie
  55.000 1983 47.000   x Italie
412 32.250 1985 NA   x France
  38.000 1986 93.200   x Italie
  39.800 1988 53.007      
  44.500 1988 62.000 x   Sweden
  45.000 1986 63.000 x   Germany
  45.000 1987 56.000   x Italie
  46.000 1986 84.218   x Belgium
  49.000 1988 44.500 x   Germany
  49.382 1988 61.700 x   Sweden
  49.900 1987 126.247   x Germany
  52.500 1986 86.547   x Germany
  59.500 1986 60.000   x Italie
  65.000 1987 46.730 x   Netherlands

Based on this information I roughly translated this into the following brackets:

365 price range: 60.000 - 90.000 = average 75k
400 price range: 25.000 - 55.000 = average 40k
400i price range: 25.000 - 55.000 =  average 40k
412 price range: 30.000 - 60.000 =  average 45k

This seems to be quite right if you want to buy a decent specimen in todays  European market.

The rarest model to catch will be a 400 carburetor manual version. The 400 is as well the last Ferrari model with a V12 and carburetor in the front (my personal preference). Equally interesting, and 2nd rarest, can be a 400 carburetor automatic version because of historical reasons. Drive Enzo's choice, the gentleman's car.


Update: Historic auction sale charter:

http://www.conceptcarz.com/vehicle/default.aspx?carID=8807&i=8&eAR=t&eventID=205#menu

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