One to Buy: 1 owner 360km 1990 Ferrari F40
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Just how quickly things got crazy during the 1988-1990 collector car boom remains truly remarkable.
Over a two-and-a-half year period following the late 1987 Stock Market crash, speculators piled into the new and secondary market for high end exotics, forcing prices up to extraordinary levels with unprecedented speed. As the market peaked during mid 1990, some cars had risen ten times in value within a circa 30 month period.
One of the hottest properties in the new car market was Ferrari’s F40 which retailed at around $330,000 or £200,000. Although still in production and with no confirmation on the number that would be built, F40s were trading at four to eight times list when the market peaked in mid 1990.
As a consequence of their potential investment value, many F40s were tucked away in the hope of achieving a massive return. However, any such prospect had completely evaporated by the middle of 1991 at which point some unused F40s began to find their way onto the market, often at less than retail.
Meanwhile, a handful of examples stayed in storage and remained un-driven for decades, one of which is chassis 84036 that will be going under the hammer at RM Sotheby’s Monterey auction scheduled for August 15th and 16th.
Delivered via Ferrari’s distributor for Southeast Asia, chassis 84036’s one and only owner subsequently left it in static storage for 35 years. Never driven or serviced, the car has remained unseen its entire life and is being offered with just 360km on the odometer.
