In an age of increasingly capable hypercars—not just in terms of outright performance, but of comfort, usability, and practicality—Ferrari’s utterly outrageous Monza SP1 stands alone, sacrificing all semblance of rationality at the altar of driving experience.

Along with its two-seater SP2 stablemate, the Monza is an unfettered celebration of both design and performance.

The Monza SP1 is the first in a series of limited-edition Icona concepts by Ferrari that married cutting-edge styling and technology with inspiration from the marque’s world-class back catalogue—in this case drawing from the 750 Monza racer of the 1950s.

Just 499 examples of both SP1 and two-seat SP2 were produced, each destined for the collections of Maranello’s most cherished clientele.

Rarely—if indeed ever—are they offered at auction.

A striking reimagining of the racing barchettas of old, the Monza’s taut coachwork is both muscular and pure, with clean, uncluttered flanks and a bonnet line that flows seamless...