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May 20
Columns | Sheehan Speaks | Sports Car Market
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Chasing the Market Down
If owners want to sell in today's market, they must follow two steps: Accept what their car is worth, and be prepared to drop the price until it sellsThese days, the state of the market is the focal point of almost every conversation, whether yo...
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from the January 2010 Issue written by Michael Sheehan
Death of a Dynasty
At the height of the Kroymans Corporation's fortunes in 2007-08, the group had 150 companies, 3,900 employees, and annual revenues of $3.09 billionA three-billion-dollar car business, a garage full of collectible vintage Ferraris, including a 25...
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from the December 2009 Issue written by Michael Sheehan
Personalized Road Jewelry
The California Spyder options list is 61 items long and growing. If one has a big enough checkbook, one could add $100k to a $197k carToday's vintage and collectible Ferrari buyers are usually male Baby Boomers in their late 50s or early 60s who...
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from the November 2009 Issue written by Michael Sheehan
Defining the Pre-Purchase Inspection
Almost all shops use pre-purchase inspections as a loss-leader, and so they are motivated to find and recommend any and all needed workLast month's column detailed a threatened $182,000 lawsuit against a Ferrari shop because of decades-old damag...
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from the October 2009 Issue written by Michael Sheehan
Pre-Purchase Ferrari Inspection Becomes $182k Lawsuit
Three owners and many thousands of miles earlier, the car had probably thrown a rod. The San Francisco shop didn't see the need to mention this In November 2005, I wrote a column entitled "The Punch of Deferred C/4 Maintenance...
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from the September 2009 Issue written by Michael Sheehan
Cautious Buyers Raising the Bar
The net result was 33 emails in total, making for a 16-hour day answering questions about the bottom of a 47-year-old carAs readers of SCM know, my day job is finding new homes for old Ferraris. Over the many years I've been involved with the ma...
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from the August 2009 Issue written by Michael Sheehan
The New Reality
The Ferrari market has returned to a refreshing level of liquidity, with cars selling again-although they're 30% below last year's pricesThe inspiration for this column occurred in March, when I returned from lunch to find an email from a Lusso ...
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from the July 2009 Issue written by Michael Sheehan
Ferrari: The Myth of Low Miles
Every switch and control felt like it had been mauled by a five-year-old with melted candy in his hands, and I was amazed our buyer still wanted the carColumns beget further columns, and my June story, "When 25 Miles Doesn't Matter," which dealt...
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from the June 2009 Issue written by Michael Sheehan
The Lambo Dealer, the $12m Swindle, the Slammer
All the major players in the exotic car world have been in the game for decades and know who to trust. But Vik Keuylian played by his own rulesIn early November 2008, I received multiple early morning phone calls and emails telling me that Lambo...
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from the May 2009 Issue written by Michael Sheehan
When 25 Miles Doesn't Matter
It's another example of how claims of diminution in value have gotten out of control, feeding a legal field driven by ever-hungry lawyersIn late January, the owner-principal of an authorized Ferrari dealership emailed an unusual question: "Do yo...
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from the April 2009 Issue written by Michael Sheehan
 
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