I performed a pre purchase inspection on this 2001 Ferrari 550 Barchetta Pininfarina at the Mecum Auction in Glendale, Arizona. Mecum Auctions offered several Ferrari’s from the Steve Todhunter Collection, featuring low mileage significant examples. Ferrari produced only 448 550 Barchetta’s, this example with only 1,507 original miles, therefore, a rare opportunity. The market on good Ferrari 550 Barchetta’s has been proven to be strong. As with all auctions to date in 2021, the market has been robust and buyers were aggressive. Therefore, bidding on this car went beyond the expectations of my client. Mecum sold the 550 Barchetta for $400,000 at auction hammer, $440,000 with premium, above the estimate of $275,000 to $350,000.
The Ferrari inspection performed included an examination of paint and body, paint meter measurements, and review of records and documentation. Additionally, I started the vehicle in place, tested features and equipment, chassis and suspension were inspected. I photographed the vehicle, delivered over 350 detailed photographs of every aspect of the car, including undercarriage with my summary. In conclusion, I fully reviewed the vehicle and consulted the client with the findings so he was able to make an informed bidding decision.
I perform inspections on Ferrari and all other marques throughout the United States and Canada. Additionally, I attend the auctions in Scottsdale Arizona, Monterey California, and Amelia Island Florida every year. Because of this, I am available for inspections at RM Sotheby’s, Gooding & Co., and Bonhams. In addition, I regularly attend Mecum, Russo and Steele, Barrett-Jackson, and GAA auctions. If you are considering the purchase of a special interest car, contact us to perform an auction inspection of the vehicle for you. Furthermore, I can perform Inspection services in many cases within 48 hours. Contact us today at 772.621.2622 to discuss your needs or use our online Pre Purchase Inspection Request Form.