The Ferrari market rises and falls in cycles influenced by the global economy, generational shifts and currency swings. The collectable Ferrari market was last a buyer’s market just after the double whammy of the real estate crash of 2007 and the Lehman Brothers bankruptcy in September of 2008. That market bottomed in 2010 and started a strong recovery, peaking in 2014. As we look back to the heady days of 2014, we then received only one or two calls or emails a day from people who wanted us to help them to market their Ferraris. There were more buyers than sellers. Today, we receive half a dozen calls or emails every day and the number is growing. The roles have reversed. Today there are more sellers than buyers.
With each call, we laboriously explain … More