AN iconic 1990s supercar has sold for a new record at auction.
The 1992 Ferrari F40, one of the last privately-owned examples in the world, went for €1.12 million at a Coys auction held at the 43rd AVD Oldtimer Grand Prix at the Nurburgring, Germany.
Chris Routledge, Managing Partner at Coys, said: “The record Ferrari F40 is a remarkable achievement which we are really happy with, proving once again that Coys is one of the leading auction houses in Germany and Europe. This is one of the last privately owned, one owner from new F40s in the world and we were entrusted with its sale by the Italian family who bought it.
“For such an important car to come to the market, it created interest from around the world and was in the end sold to a delighted German buyer, followed by a round of applause in the auction room.”
As the F40 ages its value has continued to rise, rapidly in recent years. You now need at least £750,000 to even dream of buying one. One of the most recognisable supercars of all time, it was the fastest production car at the time, hitting 202mph, and the first road-legal car to break the fabled 200mph barrier. Designed to compete head-on with the Porsche 959 and the Lamborghini Countach, it was built from 1987 to 1992, making the new record price car one of the last models to be manufactured. Basic and lightweight, its twin turbo engine made 478hp, with a 0-62mph time of less than four seconds. In all, 1,311 were made.
The Coys auction also saw some other big sales, including a 1937 BMW 328 Roadster, which was sold for €562,000; a 2000 Ford GT for €227,000; a 2003 Ferrari 360 for €182,000 and another record price of €145,000 for a 1971 Lamborghini Espada SII.