Holly mother of God - How much

lifes2short

Member
Messages
5,821
love the grales, it's gobsmacking how they have reached sky high figures over the last couple of years , even the bog standard evo 1 and 2, i remember seeing a martini 6 with only 200 odd miles on the clock at a Silverstone auction a few years ago, some rich Russian selling part of his collection, the car looked like it had just rolled off the production line, fecking gorgeous, was gobsmacked bidding reached about 100k and not sold as didn't reach reserve, how much is that car is worth now, should of kept my evo 1 which is now living in Hong Kong

92733
 

lifes2short

Member
Messages
5,821
my mistake, in fact it was a Martini 5 with 31 miles on the clock :eek:, remember speaking to the Russian at the auction and had an ultra low mileage testarossa in the auction as well

 

mjheathcote

Centenary Club
Messages
9,033
love the grales, it's gobsmacking how they have reached sky high figures over the last couple of years , even the bog standard evo 1 and 2, i remember seeing a martini 6 with only 200 odd miles on the clock at a Silverstone auction a few years ago, some rich Russian selling part of his collection, the car looked like it had just rolled off the production line, fecking gorgeous, was gobsmacked bidding reached about 100k and not sold as didn't reach reserve, how much is that car is worth now, should of kept my evo 1 which is now living in Hong Kong

View attachment 92733

Absolutely love that colour :)
 

GeoffCapes

Member
Messages
14,000
I just showed this to a friend who has one in Italy in storage. Before he saw the price he said "mine only has 3,000kms".

Then I pointed out the price his response was "holy fcking sht!" :lol::lol::lol::lol:

My Integrale owning friend just popped into my office and said he had his brother check the mileage on "the red one" and it's not 3000kms.
It's 50!
His white one has 3000 the grey one has 1500!

If it is a Final Edition what would that be worth????
 

Nayf

Member
Messages
2,734
My Integrale owning friend just popped into my office and said he had his brother check the mileage on "the red one" and it's not 3000kms.
It's 50!
His white one has 3000 the grey one has 1500!

If it is a Final Edition what would that be worth????
Well the car in the OP sold for £225k at Silverstone Auctions.
However, if he wants to get big dosh for it, a US auction is the answer. I know some people who can help, if you want to pass him my details.
 

lifes2short

Member
Messages
5,821
My Integrale owning friend just popped into my office and said he had his brother check the mileage on "the red one" and it's not 3000kms.
It's 50!
His white one has 3000 the grey one has 1500!

If it is a Final Edition what would that be worth????
wow, fabulous collection of ludicrously low mileage grales, presumably never uses them and/or takes them for a spin
 

lifes2short

Member
Messages
5,821
They were his late fathers. He used to buy cars and just look at them.
I will be assisting in selling them for him.
There’s 65 all told.

that's going to be a humongous pay day when all sold, how does that work i wonder with the bar steward death duties/inheritance tax
 

Ewan

Member
Messages
6,756
that's going to be a humongous pay day when all sold, how does that work i wonder with the bar steward death duties/inheritance tax
I'm not an expert on this, but my understanding is that if the father died recently and the cars are now sold, their value will be added to the value of his total estate and taxed accordingly. But if he died many years ago, it could be successfully argued that the the value submitted back at the time of his death was accurate then, and that the new (higher) values merely reflect the recent activity in the classic car market and so no inheritance tax would be due. Though in that case, the current owner may need to look at the possible capital gains tax implications from selling now.
 

GeoffCapes

Member
Messages
14,000
I'm not an expert on this, but my understanding is that if the father died recently and the cars are now sold, their value will be added to the value of his total estate and taxed accordingly. But if he died many years ago, it could be successfully argued that the the value submitted back at the time of his death was accurate then, and that the new (higher) values merely reflect the recent activity in the classic car market and so no inheritance tax would be due. Though in that case, the current owner may need to look at the possible capital gains tax implications from selling now.

I'm not sure what the rules are in Italy as that is where they are situated.
My friends father died 2 years ago, and his estate was split between 4 siblings. They now just want to get rid of the cars and sell the warehouse they are currently stored in.
As for tax rules? Who knows.