ULTRA-RARE 1997 GIALLO MODENA FERRARI F50 HEADS TO AUCTION IN HONG KONG
It’s not often that one of the world’s most iconic and loved supercars comes up for sale, and when they do the deals are usually between collectors and not out in public. This time round, a very rare 1997 Ferrari F50 is headed to a public sealed auction through RM Sotheby’s and that means that anyone with the funds has access to the car. It’s not just any F50 either, this one is in Giallo Modena, a super smooth yellow colour. There were only 349 units of the F50 built, so it’s already quite rare, but out of those cars, just 31 were sold in Giallo Modena and they hardly ever come up for sale. This specific example has spent the majority of its life in the Far East, and that’s where it can still be found, Hong Kong. Normally the location would affect sales, but with the kinds of collectors that will be after this car, paying an exorbitant fee for shipping and taxes will be well worth it. This F50 has been meticulously maintained in the hands of the current owner who’s had the car in his collection for 20 years now. You can see from the images that every part of the car is as it should be, and the abundance of exposed carbon fibre still looks like it did the day the car left the Maranello factory. The auction will be taking place online on 2 October, and we’ll be doing our best to follow the proceedings. The full details of the car haven’t been released yet so we don’t know the current mileage, but these cars never really have high enough mileage to worry about. The car does come with all the official paperwork and owner’s manual as well as all the accessories that came with the car new, including stands to house the roof when it's removed. The Giallo Modena F50 is expected to fetch between $4,000,000 and $5,000,000. The high end translates to R94,514,742.41 at the current exchange rate.
There’s a lot that makes the Ferrari F50 special, besides the limited numbers. It’s powered by a normally aspirated 4.7-litre V12 that’s derived from the Italian automaker’s Formula 1 engines. The powerplant is rated at a healthy 382 kW with 471 Nm of torque and it is mated to a 6-speed manual transmission that sends power to the rear rubber only, and this can propel the 1,350 kg supercar to 100 km/h in as little as 3.8 seconds and it has a top speed of up to 330 km/h. This was in 1997 remember? That light weight is thanks to the extensive use of carbon fibre, and the paint on these cars is known to be thinner than usual to keep weight down - on some of them you can still see the carbon weave under the paint. To make the car even cooler, the hard top is removable, and it looks so good without it fitted. The F50 is mostly found in Rosso Corsa, that familiar red colour that’s seen on posters of the car that still litter workshop and bedroom walls of both young and old fanatics. While the brand is synonymous with red cars, yellow has a special place in Ferrari's history, with various iconic models, including the Ferrari 250 GTO, being offered in striking shades of yellow. Giallo Modena continues this tradition. The colour alone should see this car fetch one of the highest prices on auction to date, and no matter what silly figure the hammer drops at, the car will still appreciate in value making it a proper investment. A few years ago when one was written off in Europe, a local car’s value increased by around R12,000,000 overnight. So a car sitting in a garage made more money in 24 hours than myself and my friends will make in a lifetime of hard work. That’s madness.
Take a look at the YouTube video, albeit short, that shows a quick walkaround of the absolutely stunning Ferrari F50 in the ultra-rare Giallo Modena paint scheme that reportedly makes this one of just 31 cars produced in this colour, and is F50 number 313 of 349 produced in total. The car will head to a sealed online auction through RM Sotheby's, which means the car will be accessible by the public to bid on as opposed to the usual way they change hands privately: Amazing Collecting! Giallo Modena Ferrari F50 Look Around! | 모터위켄드 - MotorWeekend
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