Ferrari F40 auctioned off for record price of US$1.2 million

Although it is considered by enthusiasts as possibly the greatest supercar of all time, the F40, Ferrari's last car signed off by company founder Enzo Ferrari, has previously failed to attract the multi-million dollar bids at auctions typical of other rare Ferraris. However, this may soon change, as values of F40s have skyrocketed in recent times.

A 1992 F40 has just been sold at auction house Coys' recent event held at the Nurburgring for approximately US$1.23 million (S$1.7 million). According to Coys, this is the largest amount paid for an F40 at an auction, though there have been rumours that previous examples of the F40 have been exchanged for close to US$1.6 million (S$2.2 million).

Incredibly, it wasn't that long ago that you could find an F40 on eBay Motors with a 'Buy It Now' price of less than US$600,000 (S$829,809).