Two Ferrari Daytona SP3s sold on the same day for wildly different prices. The collector car market is getting out of hand.
The only things certain in life are death, taxes, and the wild prices people will pay for a Ferrari at auction. As recent evidence suggests, a limited-run Italian supercar is clearly the best way to turn $2.3 million into $18.5 million—and you can do it in less than a year.
A rather gorgeous Verde Francesca SP3 recently crossed Broad Arrow’s Las Vegas auction block for $18.54 million. That’s the new high-water mark for the SP3, aside from one that fetched $26 million at a charity auction.
So what makes this particular Daytona SP3 so special? A rare color combo, exceptionally low miles, and… honestly, that’s it.
The 829-horsepower Daytona SP3 hits on all the Ferrari hot spots. There’s no added electrification and no turbochargers. You have a mighty V12 engine that screams well above 9,000 rpm, and you have it packaged in a car that takes design inspiration from the legendary Ferrari race cars of yore.
Still, the $18.54 million hammer price reflects a fairly wild blip in the market. Especially considering another SP3 was for sale on the same day, at an auction in London. RM Sotheby’s in London sold a yellow SP3 for a paltry $10.9 million. Why such a large delta between the two?
According to Hagerty, the US market is far more agreeable when it comes to tossing out big bucks for rare, low-mileage supercars. The green SP3 has just 81 miles on its odometer, versus the 2,948 miles on the yellow car. That yellow car, by the way, was apparently a Ferrari press vehicle at one point.
That means the yellow one has at least lived a life on the edge compared to the green one, which is likely kept in a climate-controlled palace and rarely does its V12 get to sing a song.
There’s no denying that the green car above is a stunner. The color combo is fantastic. But it’s a bit sad to think this vehicle will shuttle from owner to owner, not by its own power but inside a car carrier or the belly of a cargo jet.
Oh well, at least the person who sold it can afford to buy more cars they’ll barely drive.
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Source:
Hagerty
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