Why Has This Once Unloved Ferrari 456 DOUBLED in Value in 5 Years?
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- čas přidán 17. 07. 2024
- Always wondered why some cars suddenly shoot up in value. This Ferrari 456 is a perfect example, long unloved but now values are really going up. Perhaps because it the cheapest V12 Ferrari you can buy?
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I’ve never understood why these were unloved, I think they’re great looking things especially in blue with a tan interior.
As a teenager in the 90’s this is my all time favourite Ferrari.
This was the Ferrari made for “old money”. Not footballers or reality tv stars, which is why people probably didn’t understand it.
It was my 90s teen favorite, too! I couldn't believe that a car could be "practical" and have a prancing horse on it.
One factor is surely that features that were once taken for granted have since disappeared and are valued: manual gearbox, naturally aspirated engine, pop-up headlights ...
I can clearly see why these cars are appreciating, as the 456 is a gorgeous car, one of Pininfarina's gems from the 90s.
Then there's the fact that naturally-aspirated V12s and manual transmissions are now a thing of the past, so people are increasingly turning to these very usable modern classics. Good video, keep it up!
When I bought a used V8 Vantage in 2014 there was also a red, manual 456 on the market for £22k - it had something like 35k miles on the clock and even in 2014 it was a bargain. I didn't buy it because of the running costs - failure to effectively use man-maths... paid 33k for the Aston, that 11k difference would probably have covered the difference in running costs between the two up to now... my old Vantage is currently at an auction house with a guide 25 - 30k, whereas the 456 would be double.
There's a moral in that story somewhere.
looks wise and probably maybe driving wise the V8 Vantage would be hard to beat, then again click clack and V12.
then again i'm not too sure red is the right color for a 456
I guess the moral is don't pass up on more special engines because of the running costs because it'll work out in the end?
I owned a 456M manual, The one I bought I owned for 3 years and it spent 18 months in a specialist work shop getting the M issue of valve guides sorted along with the following and this isn’t all, the running costs are far higher than being reported, And a 3 year belt service, engine mounts, oil pump drive chain dampers wear out no tensioner, fuel pump mounts, rear sphere, rear shocks leak door window hinge pivots wear and windows don’t seal, AC pump are unobtainium, but rebuildable, electrical gremlins due old cheap BMW Bosch control modules , headlight actuators diode goes awol repair only, Tyres are only shared with one Mercedes. Do lots and lots of homework, could not wait to sell mine.
@@MrMightyytau
Sad, sad story. But man, a Ferrari IS a Ferrari, right ? And a manual at that. I'm an old geezer now, but that legend and lure still are present in my mind.
Like, if I may say, that sensuous young woman staring at you at the pub. You know you'd be in for a lot of expensive trouble, but, you, know... The lure ! 😳
My old boss had a 456 in dark blue and i absolutely loved it as a young lad…… I still love them , I always thought the position of the head unit was very French but I’m in the minority of people that love French cars too so that’s all good in my book! Great content as always Jack 👍
I swapped my red 1995 F355 Berlinetta last May, after almost 11 years, for a 2000 456GTM in Tour De France blue and have no regrets or 'buyer remorse'. As far as looks go I have always thought the 456 to be an elegant and understated design but that's obviously personal and subjective. I still think the 355 is a beautiful machine both visually and aurally but in terms of maintenance the 456 doesn't need the engine out every 3 years for a cambelt change! I'll take that for 4 extra spark-plugs. I agree that the 456 drinks unleaded like a dipsomaniac on speed but would anyone possessing an ounce of sanity buy a 5.5 litre V12 Ferrari in the expectation of good fuel economy? To be honest both the 355 and 456 have broadly similar thirsts. Both are, unsurprisingly, totally different to drive. At my age (60ish..) having been lucky enough to have owned 5 of Maranello's screaming V8s, I rather fancied something a little more restrained, comfortable and (dare I say it?) wife-pleasing. The good lady didn't mind the 355, except for the colour, the noise, the ride.....etc, etc, etc. She has conceded that the 456 is easier to get in and out of, has nice big comfy electrically adjustable seats and the colour is less 'shouty'. You know what they say: happy wife, happy life. Still, enough of this rambling, it's my car and I like it, so there! Cheers from a cold, dark, miserable and damp Otford, Kent, UK.
I really wanted one of these in around 2010 and they were about £25,000. But they are so very expensive to keep going. Fuel pumps were stratospherically expensive eg. and electrical widgets were terribly unreliable and cost a fortune. The 400s were at least repairable at home with the sort of tech your 308 possesses except that Bosch mechanical injection is light years ahead of Webers. Perhaps diagnostic equipment and electronics aren't so frightening today for many but they still scare the sh*t out of me.
I've always loved the 456. Ferrari often had a 2+2 on offer for the gentleman driver, like the 250 GTE or the 330 GT 2+2. Enzo Ferrari always used these models as his own transport. Subtle styled cars with proper performance, what's not to love?
Same. Why unloved? I always loved it. Ferrari performances, 4 seat, suitable for everyday use. Perfect combination.
V.good video Jack. I think you're onto something with this style of content for your channel which no one else is doing - understanding true ownership costs, crucially interviewing the actual owner who was open about their experience, based on desirable 'more affordable' cars niche, in a confident, knowledgable & relaxed style. I love the 456 and have had a diecast model in my study since it came out. I had young kids back then and dreamt of driving them around in a Ferrari! Now later in life I finally got a Ferrari, a f430 manual, which for Yorkshire country roads is perfect for me.
Enjoyed the video Jack! Great topic and excellent example of the case in point
Probably one of the most beautiful cars ever..The fact it was the fastest 4 seater in the world when it was launched at 186mph is just the icing on a gorgeous cake.👍👍
Love those things thanks for featuring it 👌
Think I clocked you doing this shoot yesterday up the Burford Rd, saw an old Ferrari and thought it might be you out filming!
The 456 is a really great car and it is brilliant that content like this is appearing. A much forgotten and underrated car. I’ve had my manual M for 12 years and no high servicing costs. It is pure V12 joy.
When will you do something on the 400/412s ? They look fantastic today.
Another great video 👍. Love the 456!
Nice car, and silver suits it well. Love the drone shots to.
Remember, most of these for sale are automatic, and it's really only the manuals that have recently increased in value. The manuals are selling and rising in value, while the automatics sit at dealers for a very long time. You can probably still get a good auto for 35k GBP with circa 50k miles. You can certainly get a low mileage auto for 40k gbp, while the equivalent manual could be as much 60k gbp. I've been following these for many years now, and it's been more than five years since you could get one for 25k gbp. Recently, there have been movements both up and back down again. Only the manuals have retained their higher asking prices, but the hammer prices at the auctions I've seen for manuals have been significantly lower than retail asking prices, which isn't exactly what I'm seeing with many other comparable cars right now. I guess this car sold for about what you would expect. The seller bought it for a good price, but it needed some work, and IMO at least, it's in a very ordinary colour combo. I also understand that it could still do with a few grand more being spent on it. So, for me, it probably sold for more than it logically should at auction. Remember, a retail ready car would likely be in better condition, and would have some kind of dealer warranty, maybe three months, and maybe even six months on the major mechanicals. When you consider that, I think the auctions are giving a somewhat distorted view of the market overall. All that said, personally I'm a fan of the 456 and 456M, even the auto. It's arguably the last understated gentleman's express from Ferrari, although you could also argue in favour of the 550/575. Personally, I really love the look of the 612, but the F1 gearbox on top of the fact that it still has a cam belt rather than a chain puts me off from a cost of ownership perspective. Nonetheless, 612 prices still represent great value. Yes, there are a few 612 manuals, but the prices are at least double. I don't think 456 prices will move much. I think the manuals will probably settle at no more than 60k gbp, and the autos will stay where they are. However, I wouldn't be surprised to see the 550 start to slowly creep up in value.
100% correct, I bought a 'cheap' 456 GTA for 36k 2 years ago, it lasted 1 month before I saw sense and moved it on. A lot of little problems and 1 glaring omission on the service record: no belts in 170k miles, bought unseen,full of vino on a Sunday night..........I got my money back plus a 996 so not all bad
456 is a beautiful car. Had one in tour de France blue/tan interior and that combination was stunning. Beautiful design.
Nice Video, If I remember correctly the 456 was also available with an automatic gearbox, have those values also risen, I would have thought that the reasons you provide, a manual v12, and the fact that we will soon no longer be able to use and enjoy them will push the price up.
Good work, Jack, getting Elvis Costello to talk about his 456 😁
I think if your a ferrari owner on a budget you need to be handy with the spanners 🔧 great content 👍
A year ago I bought a blue on blue manual with some minor rear damage for £10k. The previous owner had the 250k usd from his father who bought it brand new! I’ve alway loved these car and never thought I’d have a chance to own a V12 Ferrari, especially a manual one. You are absolutely right about the interior feeling like Ferrari’s of the past. Having a small family I think this will the perfect machine in fly across the continent in. Eat up those miles! Great content...keep up the great work!
Great video 👍🏼… I would love to see more “second hand” used car reviews of quality unsung motoring heroes especially giving an owner update. Additionally if they are in a more realistic price bracket for the motoring brand and type of car.
Always loved these. So classy.
Quite possibly my all-time favourite Ferrari……….closely followed by the 512BB. I’ve always loved the understated styling, gorgeous interior and the relative practicality of the 456.
If you like the 512BB you need to have a look to the Ratarossa youtube chanel
I've had a Burago small scale model as a kid, in dark metallic blue and since then I've always wanted this in same colour and it became my fav Ferrari 💙
It happened the same thing for the F355. I remember some years ago they were selling them for around 30K euros. Now they are all above the 70K mark.
I love mine!!
Ofcourse it's 1/18th scale
I saw one for about £25k, must be 10-15 years ago. I could possibly have stretched to that at the time but would not have been able to afford anything else as a daily. Probably couldn't afford the servicing either.
I've loved the 456 since new.
V12 up front and a trans axle, if I recall the fastest four seater I'm it's day. A really elegant design that looks as good as it did all those years ago. Great car that in my opinion looks best in blue, just like my diecast model.
Just about sums up a lot of big expensive when new cars .The people that buy them new want something else , money no object ,then cars like this drop in value and get bought by people who can only just about afford the car then have a big shock when it comes to the upkeep .Thus they become neglected
@@LOTPOR0402 Hence why I never did buy one. I think buying an aging V12 Ferrari as a daily family car without money in the bank for servicing and repairs would have been fool hardy on my part.
It's a shane as car values continue to rise people will buy cars as investments, not use them and wait till the cars appreciate. Meanwhile the cars remain out of reach for a lot of genuine enthusiast.
Brilliant Review of a Beautiful Ferrari!!!
That thing looks like a Ford probe. But now that most probes have been recycled, this thing looks better. I think these are handsome nice cars.
Same is happening with the transaxle Porsches, prices for a 928, 944 and even the 924 have rocketed. You could by a leggy 928 4.7l v8 for 2k to 3k a few years back, now a runner is close to 10k, pristine are up in the 20 to 30s.
Same reason as a Ferrari, the classic 911s are now unobtainable to most so the other models become more tantalising as they get rarer. I'm glad I got my 928 when I did!
4 seat Ferraris are always the cheaper ones. 400, 308 GT4, Mondial, 456, they were always a bit cheaper than they ought to be compared to the better looking 2 seaters. But as the 2 seaters climbed inexorably out of budgets, people started to re-evaluate the 4 seat cars, and realised that they were underpriced, and maybe the only way into a Ferrari.
I remember buying a FIAT Coupe at an Italian specialist in 2006 and the 308 GT4 next to it was 8 grand! There's also a famous PH forum thread on the 456 someone bought for 17k!
Very nice piece and an especially good way to start the week. Pretty cool they made a four-seater that attains 192 mph. By the way, Frogeye values seem to be rising as well - Cheers to Fred!
Thank you!! Hope to get Fred back soon. He’s In another garage right now..
@@Number27 Sorry Mario but your princess is in another garage. LOL. ;-)
I nearly bought a black manual 456 for £25K back in 2014 but didn’t have a second car at the time and I chickened out - I was seriously scared off by the running costs and possible issues.
I have always loved these. I remember when they were on the opening credits of Old Top Gear. The most beutiful 4 seat Ferrari ever. I still have a bone to pick with the Cartrek three over their comments!🤣
Love the 456, an understated elegant Ferrari tourer! Thanks Jack!
Jack,
I have also realized this. It's actually the top Ferrari on my list, my son in law and his brother has a 355 and a 348 Spider. But they are much younger.... Our Swedish King had a 456 for many years.
I also think you can shift the "belts" without removing the engine, which of course makes that much "cheaper".
I have had one of these on my wishlist for years.
Looking good... especially in this colour 👍
It's like the Dino 206 GT & 246 with the rubbish V6, values have gone up from say 25 years ago, when a good was around 25k.
Any chance of a garage update video? Maybe showing your new garage and also the latest on the cars? Elise, 308?
I have always liked the 456. And I like the fact that it looks different than other Ferraris.
Your a very good presenter
Ah, the Ferrari Probe
I've always liked the 456, would have a blue one in heartbeat.
Eventually the unloved models (of almost any car) gains if value because all the more popular ones drag the price up. The rising tide lifts all boats. The Porsche 996 is another example. Sank in value for mechanical issues that really effected very few of them. Now they're hot. You mentioned the 964s...another example. 308s could be had for $25k to $30k...but not anymore. The 105 Alfa spiders have lagged behind the coupe...and now the prices of the coupes are lifting the prices of the spiders. Look at the 1960s and 70s Maseratis...they were considered dogs...until everything else started getting too expensive and the bargain hunters jumped on the Maseratis. Same thing with the Ferrari Mondial... even the Mondial 8. Good video. Thanks.
Appreciate your $10 Casio wristwatch, same as mine. 😉
Fantastic looking car.
I was never sure on the looks but now I think it has aged really well
Always rather liked the look of the 456; though as the old saying about maintenance goes "if you can't afford an expensive one, you definitely can't afford a cheap one".
Agree with you Jack, the 456 is a great car and the best way to get in to the Ferrari world.
Regarding the non manual options in the new Ferraris for some time now, there is a company from Austin, Texas that belongs to a CZcamsr called NormalGuySuperCar that makes high quality conversion kits, basically removing the F1 system and installing a gated manual in the cars, and more and more people are going that root.
I had no idea that the Ford Probe was so expensive now 😉
I think it's main problem is that it's a V12 Peugeot 406 coupe with pop up headlights!
To me and a friend of mine this is our favorite Ferrari. The only odd thing about it is it's name 456. But still easy to remember at least. And as for prices go, it was always expensive so costing peanuts is an overstatement, especially Ferrari maintance is never cheap.
Almost all Ferrari 2+2s struggled in value comparatively. BUT rising tides raise all ships. Last to go up in up market, first to go down in down market.
The 456 is a thing of beauty.
What's the saying, a rising tide lifts all ships ? As people can't afford the more desirable cars, they buy the cheaper ones. Which inturn then lifts their price too. But I like it anyway.
I love the fact your talking about the Ferrari and in the background is the shit box 🤣😂
🤣🤣
Such a car would appeal to limited number of people, because buying it is one thing, but then there will be repairs, tires, servicing, fuel economy, etc will be expensive!
Always admired the looks of the 456 but absolutely adore the 412. If only that had the modern drivetrain of the 456 or even better the 550!
My favourite "price elevator" car right now is the super-cute "new" Suzuki Jumny. Wish I'd bought one.
Jack, prices of older cars go up just because any "survivors" that are available are part of a model group that aren't made anymore, then there's the "nostalgia" thing. A lot of older folk have always wanted one of whatever it is, and have some relatively disposable funds to buy it. Let's face it anything is a better investment than money in the bank these days, some older cars in particular...
We stumbled upon ours, never even looking for one when out on a Ferrari Club garage tour at a restorers where the 36Km example sat waiting to be stripped of its mechanical components for a `50s Testarossa replica (the fate of one or two). Fortunately the overseas customer pulled the pin and our immaculate Swatters Blue/tan & blue interior car survived intact and to be enjoyed as built. Even the thirst is not too bad although NZ has a rigidly enforced 100kph/62mph speed limit so at those speeds mid 20`s mpg is achievable. We do all our own maintenance but to be honest apart from the odd problem with electrical switch contacts caused by the car sitting for near enough to ten years the car is extremely reliable. To the person who found the performance disappointing as a former garage proprietor and with 540nm of torque the car goes better than a big block 427 Chev Corvette so the tried example must have been off.
It is despite early electronic systems compared to later cars (of any brand these days) very simple and working on it is quite easy - I`m glad we purchased it.
Those roads look strangely familiar.
What about Porsche 928 values ? Nearly the same price new as the Porsche 930, but now worth a quarter of them
The whole furore over the 550 Maranello is what reduced the popularity of the 456 GT. it’s never been a bad car, just less rock star status than the 550
It might be that the Ford Probe and Peugeot 406 coupe are almost forgotten so the visual stigma is forgotten too.
.....time to establish garage specalized in conversions from automatic (70% of produced) into some up to date suitable manual replacement. (Tremec?) With new efficient catalyst convertors and tuned injection improving emissions up to Euro6 it would be market boom....There are garages where they already started this kind of business with BMW e31....
Simple, they were always great looking or good, or both? Once they're not yesterdays news anymore, they go up. Not to mention when guys like Chris Harris says he wants one, these weird days that matters..
(Almost bought a manual 456 in 2014 but got a Z4M Coupe instead. Regrets? You bet!)
One of the greatest GTs of all times. I much admire the design of the interior & of course I vote for the manual!!!
They are the gentlemans Ferrari, an outdated term maybe but accurate, the 612 is the last example. Whilst I love the FF/Lusso it's looks are more in your face. I suppose the Roma is the nearest now but it lacks the 2 extra seats and 4 cylinders but maybe that's just progress
V12 and manual GT in the old school style. They don't make it like this anymore. Is it any wonder why the prices have gone up?
I think they've risen in value because they're now one of the only attainable ferrari, same as the alfa gt juniors whose values have gone through the roof!
I know because I'm looking for a junior or a mondial😁
I like the look of it......👍
Always liked the 456 but there again, I liked the 400/512. Taste is one thing however, being the cheapest way into manual V12 Ferrari is another.
Is "getting into the Ferrari V-12 market" a euphemism for "sticking a financial vacuum pump into your wallet"?
Totally and then throwing both into a fire
I never understood the disparity between 456 and 550 values. The latter can be just as expensive to run and I happen to prefer the former's looks.
One of my favourite Ferraris. Pininfarina at his best, in a car that I can share with my partner and my kids.
For me personally the truth is: I wanted to want one - but it somehow didn't appeal to me. Actually drove to the Ferrari dealer because of a Canna di Fucile 456 GT manual last year, but when I opened the door and sat in the car, didn't feel anything, eventhough it was in amazing state. Turned around and sat in F355 Spider and 348, bloody hell, they spoke definitely to my inner child!
I looked at one in 2014 which was up for £30k and nearly bought it, but in the end bought a Maserati QP GTS which was 11 years younger and roughly the same power, speed, dimensions and practicality for the same price, it’s worth £15k now and the Ferrari would be £45-50k but I have spent £10k in 8 years in maintenance tyres brakes etc and 2/3 on insurance I would have
stunning car, one of the best looking ferrari 2+2
I recall when these were 5+ years old the values had plummeted I'm sure someone I knew bought an example under 10 years old for about £35k back then. Personally I've always liked the design but would be reluctant to buy over a 911 for the same money given the cost to run.
Love these, always something about a V12 front engined Ferrari as a class choice, well done to the owner 5k miles of glamour and getting paid £1k for it, awesome.
Great choice of subject. The value of 25 k was right and now? I think has a lot to do with the waking up of the public to currency devaluation of fiat money into tangible assets!
'.............................a rising tide lifts every ship'
Very true!!
HNY Jack! I still have my Silver Ferrari 456!!!! (....er um a Manual Silver V6 406 Coupe)
Short one today Jackster
As the same as a few in the comments, i nearly went for a 456 back in 2012 as it was a genuine bargain, but i went sensible and got something else, and genuinely regret it...
Love the look and concept of these but I can imagine they’d be slightly disappointing if you want the Ferrari experience?
Always been a bit marmite for me. I love the front end, I love the rear, but I don't like the two together. It will always be one of those cars I like but doubt it would ever be a car I would love. Even as the prices rise, I would still invest the extra in a 550 Manual, which is a shame because as you say they are a good car.
I always though this was a Great looking car. More mature than some other prancing horse models but still a lovely thing to look at.
Is there no other road in the UK for CZcamsrs to use other than riding on Harry’s Garage’s coattails? Seriously?
I've always loved the 456GT, but finally bought a Maserati GrandTurismo S which I find prettier and just as fast. I miss the manual, but the ZF paddles are pretty decent. The rear seats in the Maserati are actually useable. 456GT are elegant designs, I just prefer the Maserati's just a bit more.
The 308 GT4 is the 4 seat Ferrari that drove the best from the early years and that doubled in price aswell.
Certain Carmudgeons say it drives the best out of the V8 Ferraris.
I have a secret love for the Mondial t too, my father has one, it is such an underrated car
@@benzinapaul7416 Mondials for all the hate they get because of the look (I too am not fond of it) apparently drive 5 times better than the 308/328, so it's fascinating.
It's like the reverse 996 effect.
@@Petrospect I think the longer wheel base is a big help. They need to be in a subtle metallic colour to look their best, they don't suit Red and the cabs don't look great. Chris Harris has recently bought one too.
@@benzinapaul7416 yep, a not pristine one at that which probably is the best for driving. I disagree on the cab, it already can't look amazing you may aswell go for the useability and novelty of a 4 seat mid engine cabriolet. That's just totally italian and insane.
Interesting about the longer wheelbase, have no idea.
There's a petrolicious video of another collector declaring that as the best driving V8 ferrari.
I'm fascinated by the idea of it but too rich for my blood especially for what it is.
It's several times better than a Jalpa though that's for sure.
@@Petrospect have you tried to operate the roof on the cab? It's like the worst pram you can buy and the car has the rigidity of a tuppaware box with no lid
We are in a huge asset bubble over the past several years. As a result all kinds of stuff has gotten more expensive which includes assets from top to dross
It's a very common looking car.
Same increase rate as many cars really, you can still get one for under £40k
Ratarossa had a 456 for a while. Not sure if he sold it to make room for the BB or not.
Still has it!