Although Ferrari is one of the most well-known companies in the world, most people are unaware of numerous facts regarding Maranello’s finest.
The most expensive Ferrari is a well-known luxury automobile manufacturer with a fleet of magnificent vehicles that everyone wishes they could own.
The brand has been known throughout its history for its continuing involvement in racing, particularly in Formula One, where it is the oldest and most successful racing team, having won the most constructor championships and earned the most drivers’ championship wins.
Before the Ferrari brand gained mainstream recognition, the company was founded by Enzo Ferrari who initially focused on creating sports cars. The very first Ferrari race car was built in 1947.
The most expensive car ever sold was a 1962 Ferrari 250 GTO, which American communications magnate Craig McCaw purchased for $35 million in 2012.
According to statistics from 2021, Ferrari is the 10th vehicle manufacturer, with a market valuation of $52.21 billion.
Shell Oil has had a long-standing partnership with the most expensive Ferrari. It’s a technological collaboration between Ferrari and Ducati to test and supply fuel and oils to Formula One, MotoGP, and World Superbike teams. Shell V-Power premium gasoline fuel, for example, is the result of many years of technical collaboration between Shell and Ferrari.
Over the years, Ferrari has had deals to supply Formula One engines to a number of different teams, including the Alfa Romeo and Haas F1 teams.
The most expensive Ferrari automobiles are widely regarded as symbols of speed, luxury, and riches. The 165,000-square-meter Maranello factory produces Ferrari automobiles.
Facts About The Most Expensive Ferraris
Despite their admiration for this gorgeous brand, several car lovers are unaware of Ferrari’s rich history and hidden jewels along its route to becoming a super brand.
Here are a few unexpected facts about the legendary Italian manufacturer for Ferrari fans all over the world.
1. A World War I Flying Ace Was The Inspiration For The “Prancing Horse” logo
Enzo Ferrari was an Italian car manufacturer and World War I veteran who served in the 3rd Mountain Artillery Regiment of the Italian Army.
In 1923, he met Count and Countess Baracca, the parents of a fellow warrior, who suggested Ferrari use their son’s logo for good luck.
Francesco Barraca, a famous World War I flying ace who was killed in action in 1918, designed the renowned “prancing horse” mark. In homage to his hometown, Ferrari drove the first car with the symbol with a yellow shield surrounding it in the 1932 Spa 24 Hours.
2. Fiat Owns A Significant Portion In Ferrari
The most expensive Ferrari experienced increasing economic problems in the 1960s, as well as challenges satisfying clean air emission laws and adhering to new safety caps.
Enzo approached Ford with an offer to buy the company for $18 million, but he declined and instead sold 50% of the company to Fiat S.p.A, retaining 100% control.
Before his death in 1988, Enzo Ferrari and his son Piero Ferrari sold a further 40% of the company to Fiat.
Fiat Chrysler Automobiles N.V. announced in 2014 that Ferrari S.p.A. would operate independently from Fiat Chrysler Automobiles. Ferrari N.V. was formed as the new holding company for the Ferrari Group.
3. Each Letter In A Ferrari’s Name Represents The Vehicle’s Body Style
Every letter in the most expensive Ferrari model name represents the car’s body shape. The letter “M,” for example, stands for “Modifacata.”
For instance, the abbreviation GTB stands for “Gran Turismo Berlinetta” which is used on coupes and closed Berlinettas.
4. Ferrari Enzo Personally Approved The Ferrari F40 As The Final Model
Followed by the Ferrari 288 GTO, F40 was created to commemorate Ferrari’s 40th anniversary and is one of the most iconic Ferrari cars of all time. It was one of the world’s fastest, most costly, and most powerful cars at the time.
The 2.9-liter twin-turbo V8 engine had a top speed of nearly 200 mph and a 0-60 mph time of 4.7 seconds. Numbers that may appear insignificant today yet were world-beating in 1987.
There were only 400 made, and each one sold for about $400,000.
5. Ferrari Tried To Reduce Manufacture At One Point
Ferrari attempted to reduce manufacturing on the suggestion of chairman Luca di Cordero Montezemolo in order to avoid market dilution of their products.
“The exclusivity of Ferrari is crucial for the value of our products,” he claimed. We decided to build fewer cars because otherwise, we risk flooding the market with too many.”
This, however, did not last long. In 2014, he was replaced by Sergio Marchionne, who took the polar opposite strategy. He quickly increased manufacturing to 7,200 units per year, with intentions to increase output to 10,000 units per year in the future.
6. The Company Didn’t Choose The Iconic Red Color Of The Most Expensive Ferrari
The classic Rosso Corsa, which translates to ‘racing red,’ is highlighted in Ferrari’s color swatch collection. All Ferrari cars were originally assigned red colors by the International Automobile Federation to all Italian Grand Prix race cars.
Ferrari decided to base all of its subsequent production car models on the racing red color scheme that is so famous among Ferrari fans. As per statistics, the color red was used on 85 percent of Ferraris constructed in the early 1990s.
Despite the availability of other colors, recent statistics show that a whopping 40% of Ferraris have a red paint job.
7. Ferrari Has Its Own Theme Park
Ferrari built the world’s largest indoor theme park in Abu Dhabi, in addition to being one of the few automotive brands with its own racetrack.
The F1-inspired Formula Rossa rollercoaster, which opened in 2010, is the world’s fastest rollercoaster, clocking in at around 150 mph. The park also houses the Flying Aces, the world’s steepest rollercoaster, which is dedicated to Francesco Baracca.
Three other exhilarating rides, several family attractions, children’s rides, and a Ferrari’ Driving Experience’ are all available at the theme park. In addition to the $95 basic park entry ticket, the ride experience costs around $165.
8. For The Most Expensive Ferrari, Licensing And Merchandising Is Big Business
Ferrari is an international brand that signifies riches and prestige due to its racing prowess and the success of its production car ventures.
As part of its business model, Ferrari uses this competitive edge to promote and merchandise the company brand and logo.
Ferrari knew that many of its fans would never be able to afford one of their cars, so cleverly branding products created a new market for the company.
Ferrari has evolved into a merchandising behemoth, with a brand that looks to be more substantial and vital than the automobiles themselves.
9. World War II Caused The First Most Expensive Ferrari To Be Postponed
In 1929, Enzo founded Scuderia Ferrari, which later became Alfa Romeo’s official racing team. In 1939, Enzo departed Alfa Romeo on the condition that he does not use the Ferrari name for at least four years, and he created Auto Avio Costruzioni.
During World War II, the first race vehicles, known as Auto Avio Costruzioni 815, made their debut at the Mille Miglia in 1940, with few competitors.
Enzo relocated his factory to Maranello in 1943 after recovering the Ferrari brand, but it was bombed by the Allies in 1944 and 1945.
The first most expensive Ferrari-badged car debuted at the Piacenza Racing Circuit in 1947, after the company had ceased operations.
10. Ferrari Can Be Completely Customized
Ferrari distinguishes itself from the competition by offering a “Tailor-Made” program to its customers. Buyers can customize the most expensive Ferrari model they purchase from the Maranello factory as part of the program.
The Atelier Ferrari, Ferrari’s one-of-a-kind studio, allows customers to customize tyre treads, interior trims, accessories, finishes, and colors, and much more.
10 Most Expensive Ferrari Cars
Following these facts, we have curated a list of the most expensive Ferrari cars that you can find in the market today.
The top ten most expensive Ferrari cars today cost between $US4,700,000 and $US780,000
The list contains limited-edition series, supercars, and antique models, as well as the fastest and most beautiful Maranello vehicles produced in the last 60 years.
10. 2015 Ferrari 458 Speciale Aperta
The ‘Aperta’ in the name means ‘open’ in Italian. This most expensive Ferrari, a convertible variant of the 458 Speciale, had a limited production of only 499 units. It has a gorgeous caramel-hued leather interior with gold and diamond rim embellishments.
The Aperta, like the Speciale coupé, is powered by a 4.5-liter naturally aspirated V8 engine that produces 445 kW and 398 lb-ft of torque.
It was the fastest street-legal Ferrari in a convertible version when it was debuted in 2014, a claim it would eventually relinquish to the LaFerrari.
9. Ferrari 599 GTO
The Gran Turismo Omologato, or 599 GTO, is a road-legal version of the 599XX track day car. The GTO’s 6-liter V12 engine delivers 660 horsepower.
An F1 six-speed gearbox is used to transmit the power. On the Fiorano racetrack, this GTO set the fastest time in Ferrari history.
8. 1957 Ferrari 250 GT Coupe Boano
On our list are four antique Ferraris, one of which is a stunning 250 GT, Ferrari’s first actual production model.
Pininfarina’s partner, Carrozzeria Boano coach-building company, produced the Coupe Boano variant.
Although the Ferrari is not as well-known as the 250 GTO, it has sold for more than $1 million at car auctions and on the open market. As a result, the 250 GT is one of the best Ferraris to invest in.
7. 2017 Ferrari F12tdf
The F12tdf is a tribute to Ferrari’s success in the Tour de France throughout the 1950s and 1960s. The car, which is the last Ferrari model built by Pininfarina, has excellent performance and cutting appearance.
Furthermore, the JamesEdition edition is finished in the vintage coloring Grigio Ferro with a unique two-tone racing stripe.
‘In excess of 340 km/h (211 mph)’ was claimed as the maximum speed. On Ferrari’s Fiorano test track, this most expensive Ferrari car set a lap time of 1 minute 21 seconds which is 2 seconds faster than the normal F12berlinetta and 488 GTB, and just 1.3 seconds slower than the quickest lap set by the LaFerrari. Ferrari Styling Centre created the F12tdf. The F12tdf’s manufacture was constrained to 799 units.
6. 2011 Ferrari 599 Pininfarina
This limited-edition vehicle was designed to mark Pininfarina’s 80th anniversary, with only 80 models available.
The 599 Pininfarina is a member of Ferrari’s most exclusive series and one of the greatest sports cars the company has ever produced. most expensive Ferrari
Its strong 6.0-liter V12 engine is paired with a convertible or removable top for comfortable rides, as well as a tuned exhaust from the 599XX race car. most expensive Ferrari
5. 1991 Ferrari F40
The less diversity we observe as we approach closer to the $2 million mark, the less we see. This level is only attained by legendary classic models, sports car icons, and supercars.
Both the first and second characteristics apply to the F40, which is the successor to the 288 GTO and Enzo’s final Ferrari automobile. This rear-wheel-drive mid-engined sports car was created to commemorate Ferrari’s 40th anniversary.
When it came to aerodynamics, cooling was crucial because the forced induction engine produced a lot of heat. As a result, the vehicle resembled an open-wheel racing car with a body. It had a partial undertray underneath the radiator, front section, and cabin to smooth airflow, as well as a second one behind the engine with diffusers, but the engine bay was not walled.
4. 1984 Ferrari 288 GTO
The 280 GTO is a rare Ferrari homologation, with GT standing for Gran Turismo and O for Omologato. For its time, this model, which came with a GTO Evoluzione kit, was considered high-tech and avant-garde.
It was modified using Kevlar and carbon fiber, as well as changes to the engine, chassis, and safety systems.
The 288 GTO began as a revised version of the 308/328 to keep costs down and manufacture the car fast, but when the 288 GTO was finished, there was little left of the 308/328. Fortunately, Ferrari could rely on consumers who were willing to spend more if they could have unrivaled performance and style, so the unforeseen deviation from the initial cost targets did not prove to be a problem.
3. 2003 Enzo
Ken Okuyama, Pininfarina’s design director, created the Enzo. Customers who had previously purchased the F40 and F50 models received a limited run of 399 units before production began.
This most expensive Ferrari has butterfly doors with rear mid-engine and rear-wheel drive.
One of the cars, which had an initial price of US$659,330, promptly sold for US$1.1 million at a Sotheby’s auction. This classic automobile is now the third most expensive Ferrari in our portfolio, as of 2021.
2. 2017 Ferrari FXX-K
The Ferrari FXX-K was the brand’s first limited production track day hybrid, based on the street-legal LaFerrari hybrid sports car. The kinetic energy recovery system (KERS), which is installed to maximize performance, is denoted by the letter K in the car’s name.
The FXX-K is not designed for competitiveness but was created to provide the driver with an implacable experience. The cars, like the previous FXX and 599XX, are kept and maintained by Ferrari and are available for track day events to owners.
In late 2014, the FXX-K was introduced at the Yas Marina Circuit.
1. 2017 LaFerrari Aperta
The LaFerrari Aperta was the most expensive Ferrari ever sold at auction in 2017. The Ferrari was auctioned for €8,300,000 (about $9,980,000) at RM Sotheby’s auction.
On JamesEdtion, there are four LaFerrari Aperta cars for sale with prices over US$4 million, as well as six other LaFerraris with prices starting at US$2.7 million.
So, who is the proud owner of the most expensive Ferrari?
While most of the 499 owners prefer to remain pseudonymous, we do know that Jay Kay, the frontman of Jamiroquai and a known automobile collector, and Floyd Mayweather Jr., who owns an Enzo, Aperta, and numerous other expensive cars , are among the LaFerrari owners
Frequently Asked Questions About The Most Expensive Car, Ferrari
While Ferrari is the most expensive vehicle known, many have multiple questions about these Ferrari cars.
Who owns the 70 Million Dollar Ferrari?
In 2018, chassis number 4153GT of the Italian classic was purchased for $70 million by David MacNeil in a private sale, effectively making the 250 GTO the most expensive car in the world.
Is a Lamborghini or Ferrari faster?
Ferrari is the fastest by far.
When it comes to Ferrari engines, how long do they last?
Modern Ferrari engines, in contrast to older versions, are more resilient and long-lasting than ever. The average Ferrari engine should last 100,000 miles or more with adequate care and maintenance. In fact, several owners claim that their engines have lasted up to 150,000 kilometers.
What do Ferrari fans refer to themselves as?
The term Tifosi has become widely used to refer to fans of Scuderia Ferrari in Formula One.
Which kind of crankshaft is used by Ferrari?
Flat-plane crankshafts are linked with European sports cars like Ferrari and Lotus V8 engines, whilst cross-plane crankshafts are connected with American manufacturers.
Who is Ferrari’s CEO?
What is a yellow-colored Ferrari called?
Read our other article here.