Michael Jordan's Ferrari 550 Maranello Sells for $2.7 Million at Auction
Written with artificial intelligence.
A Ferrari 550 Maranello once owned by Michael Jordan has set a new auction record, selling for $2.7 million. The car, which was delivered to Jordan in 1997, far exceeded its estimated value of $800,000 to $1.3 million.
Record Auction for a Legendary Car
Michael Jordan's Ferrari 550 Maranello has shattered auction records, fetching an impressive $2.7 million. This sale took place through Joopiter, where the car attracted 43 bids over two weeks of online bidding.
Auction Details
- Final Sale Price: $2.7 million
- Estimated Value: $800,000 to $1.3 million
- Previous Record: The sale more than quadruples the former record for a 550 Maranello.
Historical Significance
This particular 550 Maranello holds significant value due to its connection to the basketball legend. Delivered to Jordan in May 1997, it coincided with his championship-winning years with the Chicago Bulls. The car is finished in the classic Rosso Barchetta color and features a tan leather interior, along with its original Illinois registration plate, “MJ 5.” This provenance undoubtedly contributed to its high auction price.