Rare 1997 Ferrari F50 Expected to Fetch Over $20 Million at Auction
Written with artificial intelligence.
A pristine 1997 Ferrari F50 with only 106 miles is set to be auctioned by Broad Arrow on October 31, potentially selling for over $20 million. This example, one of only 349 built, boasts an impressive return on investment since its original price of $475,000.
Exceptional Investment Potential
The 1997 Ferrari F50 being auctioned by Broad Arrow at its Las Vegas event on October 31 is generating significant attention due to its remarkable condition and limited mileage of just 106 miles. Originally priced at $475,000, this car could yield a profit of approximately $19.52 million for its current owner, reflecting an annual increase in value of around $673,000.
Design and Performance
Unveiled at the 1995 Geneva Motor Show to commemorate Ferrari's 50th anniversary, the F50 features a 4.7-liter naturally aspirated V-12 engine derived from the brand's Formula 1 technology. This powerhouse delivers 513 hp and 347 lb-ft of torque, enabling a 0-60 mph acceleration time of just 3.6 seconds, with a claimed top speed of 202 mph. Its six-speed gated manual transmission and lack of modern driver aids offer an analog driving experience that enthusiasts highly value.
Unique Ownership History
This F50, the 334th of 349 units produced, has an intriguing ownership history. Initially owned by 'Lord' Maurice Taylor in the UK, it later passed to notable collectors including Takeshi Kimura and Chinese billionaire Shin Mike Yin. The car has been meticulously maintained, recently receiving services in preparation for the auction.
Auction Expectations
With its super-low mileage and pristine condition, experts predict this F50 will command a price exceeding $20 million, potentially setting a new auction record for the model. Recent auction sales of other F50s have reached up to $14.575 million, but none have achieved this anticipated figure. Alexander Weaver from Broad Arrow believes the buyer will likely be a younger collector looking to add a prime example of Ferrari's engineering legacy to their collection.