Coys sets a record for a Ferrari at auction

1992 Ferrari F40

A 1992 Ferrari F40 has smashed auction records for the Ferrari marque going under the hammer at Coys auction at the 43rd Oldtimer Grand Prix in Germany. It sold for £794,000.

With just under 5,000 miles on the clock, this F40 has had just one owner from new and hasn't been driven since 2010. Kept in an air-conditioned garage in Modena, Italy, it comes with a complete history and even the original tools and pouches it came with the day it left the factory.

Chris Routledge, Managing Partner as Coys said that "for such an important car to come to the market, it created interest from around the world and in the end sold to a delighted German buyer, followed by a round of applause in the auction room". The Ferrari was one of the last privately owned one-owner Ferraris left in the world and was owned by an Italian family for the first 22 years after being built.

1992 Ferrari F40

1992 Ferrari F40

Alongside the Ferrari, a 1937 BMW 328 Roadster sold for just under £400,000 whilst a 2003 Ferrari 360 Challenge Stradale finished at just under £130,000.

Other auction lots included a 1959 Lamborghini tractor, a 1970 Dodge Challenger and a 1961 Vespa 400 microcar.

For perspective, a 1966 Ferrari 330 GT auctioned in January last year sold for just under £200,000.

This auction will be followed up with another at the Frankfurt motor show on September 26th, which will surely prove to be another record-breaking event.