Financing a Ferrari

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Red Ferrari Testarossa F512M right side profile

The F512 M is considered the Testarossa at its pinnacle, the last of Ferrari’s analog flat-12 supercars. After three decades, the car can still snap necks even while standing still. The F512 M continued the Testarossa / 512TR evolution, and Ferrari would make just 501 of this final version before sunsetting its flat-12 supercar series. Demand was high for the 75 cars sent to the U.S., and RM Sotheby’s Miami auction in December is offering #52, a two-owner model from the Youngtimer Collection with 10,200 miles. The pre-sale estimate is $400,000-$450,000.

Silver Ferrari Purosangue profile

Ferrari’s Purosangue – the car designed to lure SUV buyers while “not being an SUV” – has been revealed. The Purosangue is the largest and most luxurious Ferrari ever made, with a dry-sump 6.5-liter V12 that goes from 0 – 100 km/h (62 mph) in 3.3 seconds. Ferrari has not yet announced the price, and says it wants to limit Purosangue’s sales to 20% of its total volume.

Main Monterey Wrap Up

Auction sales from Monterey Car Week totaled a record-setting $469 million; more than $126 million than last year’s total. RM Sotheby’s three-night auction accounted for more than half of that total, setting a record with a staggering $239.2 million in sales. Catch up on results from all the auction houses.

Guards Red Porsche 959 left front view

Built 35 years ago, Porsche’s 959 is still considered king of the marque’s 911 line. Only 292 cars were made, with a price tag of $227,000, and Porsche reportedly lost money on each one. Broad Arrow Auctions is offering a 1987 Guards Red 959 Komfort at its Monterey Jet Center Auction, with a pre-sale estimate of $1.4 – $1.6 million.

Black 1961 Ferrari Superamerica front left view

Here’s your opportunity to bid on a very important part of Ferrari history. A one-of-a-kind 1961 Ferrari 400 Superamerica Series I Coupé Aerodinamico, originally owned by Italian nobleman Count Giovanni Volpi di Misurata will be auctioned by Gooding & Company at Pebble Beach, with a pre-sale estimate of $4M-$5M for this rare gem, described as “perhaps the finest original and best-preserved example extant.”

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A 2004 Ferrari 360 Spider with just one-owner will be up for auction by RM Sotheby’s at its Amelia Island Concours auction in March. It features a F1 transmission and with just 392 miles. The $125k-$175k pre-sale estimate is about what its base price was when new.

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The Gooding & Company Amelia Island Auction is always comfortable, casual, fun and yet classy. See which Ferrari’s and Porsche’s stood out to industry professionals this year.

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RM Sotheby’s event stands as the official auction of the Amelia Island Concours d’Elegance. This year, our top picks include cars from the marques Ferrari, McLaren, Alfa Romeo, Mercedes, and Lancia.

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The Cavallino Classic 2020 is coming soon in Palm Beach, FL. Far more than a series of shows, displays and concours judging, the Cavallino Classic is a true enthusiast-based event. While certainly focused on Ferrari, other distinguished marques are prominently celebrated, this year celebrating the 110th anniversary of Alfa Romeo.

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