What's going on here?
In the space of less than 4 years this F40 has appreciated $2,250,000.
Tell me more
RM Sotheby's sold a Ferrari F40 (87041) for $1,710,000 in August 2018. Gooding & Co. sold that same vehicle in August 2022 for $3,965,000.
That's a tidy 132% price rise or $2,255,000 net gain.
So, the question is why the big price rise? It can only really be driven by two factors (a) improvements made to the vehicle and/or (b) price rises in that market.
On (a) the owner made a number of not material improvements including brake callipers,overhauling the air-conditioning system, and detailing the vehicle along with receiving four of the Ferrari Club of America Annual Experience's most prestigious honours in November 2021.
The rest was down to (b): price rises in the F40 market. F40s are up 177% in 10 years. 10 years ago, an F40 would set you back on average £486k. Today, that figure is £1.35m. That's a compound annual growth rate of 10% every year, for 10 years. Even at today's inflation rates, that's inflation beating. Oh, and an F40 is just slightly more enjoyable than a tracker fund.