• This Month's Issue

    Level Flier: At $220k, This Fighter-Plane-Inspired '09 Spyker Lands Close to Its Original MSRP

    $575k 1969 Aston Martin DB6 Mk I

    Viva l'Italia! In the Driver's Seat at Villa d'Este, the Mille Miglia and Modena Cento Ore

    Fast-Rising Collectible: "The Fast and the Furious" '93 Supra Stunt Car Hurtles to $200k

    Slow-Rising Collectible: Karmann Ghias Gain Ground

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  • SCM Platinum

    Over 200 cars that sold at auction covered in every issue of SCM. Our market reports include detailed information about the vehicle, including VIN, condition, options, and expert analysis from SCM's auction reporters.

    SCM Platinum is the largest database of collector cars sold at auction. Over 150,000 vehicles, including over 59,000 with detailed write-ups from our auction reporters.

    Now optimized for your mobile devices!

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  • Glovebox Notes

    SCM doesn't just cover collector cars. Every week, SCM reviews a brand new car online and in our newsletters, and there are new reviews every month in the magazine. Thinking of buying a new car? Check out our reviews!

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  • Insider’s Guide to Concours d’Elegance

    The 2014 guide includes a calendar of events and detailed descriptions of 21 featured concours.

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Recent Blog Posts

  • Graham Hill Describes a Lap at Monaco in 1968 +

    Read More
  • Just the Amazon and Me +

    Last Saturday I did something I haven’t done in quite a while — I took a little road trip by myself. It’s been a typically hectic few months. I’ve attended car events in Italy, Colorado, California, Oregon and Washington, but I haven’t had any “alone time” with my cars. The Read More
  • From Pencil to Metal +

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  • A Weekend With The Gunnison Car Club +

    Once a year The Gunnison Car Club, under the able direction of Mike Callihan, takes over downtown Gunnison, Colorado, filling the streets with street rods, muscle cars, sports cars and pickups. This year the club selected me to receive The Lee Iacocca Award. Gunnison is 224 miles from the Denver International Airport Read More
  • Quick Takes from the Monterey Week +

    Driving up Highway 101 from Monterey to the San Francisco airport, it was clear that the ball was over. Instead of Monterey Car Week’s sea of candy-colored Ferraris, Lamborghinis and Porsches, a swarm of Kias, Toyotas and Chevrolets peppered the landscape. An occasional modern Fiat 500 served as the token Read More
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Collector Car News

  • Meet Keith Martin at the Chantilly Concours +

    SCM Publisher Keith Martin returns to France this weekend for the Chantilly Arts & Elegance Richard Mille event, taking place September 6 in Chantilly. Martin serves as a concours judge for Citroën Special Bodyworks. (The SCM Collection does include a Méhari after all.) Other classes include:  • The Untouched Open Cars from the Read More
  • 1958 Ferrari 250 GT TdF Headlines RM Sotheby's London Sale +

    RM Sotheby's expects a 1958 Ferrari 250 GT Berlinetta Tour de France to fetch between $6.9m and $8.5m at their September 7 London sale. The car is an early single-louver example with covered headlights and period competition history. View the digital catalog here. Read More
  • 1965 Shelby Cobra "Dragonsnake" Offered at Worldwide Auburn +

    A 1965 Shelby Cobra "Dragonsnake" snarls to the auction block September 5 at Worldwide Auctioneers' 8th Annual The Auburn Auction. The auction takes place in Auburn, Indiana. View all the consignments here. View the digital catalog here. Read More
  • Auctions America Offers 1929 Duesenberg Model J at Auburn Fall +

    A 1929 Duesenberg Model J Convertible Coupe by Murphy (Auctions America estimate: $1.5m–$1.75m) crosses the auction block at Auctions America's Auburn Fall sale, September 2–6 in Auburn, Indiana. View all the cars here. View the digital catalog here. Read More
  • Monterey Recap: Preliminary Sales Total $392m +

    Monterey Car Week is over, and the last gavel has dropped, but auction companies continue to bring together buyers and sellers behind the scenes. Here are the preliminary numbers that have been confirmed so far: RM Sotheby's reported Monterey sales exceeding $172.7m — an increase of 20% over last year's Monterey Read More
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1991 ferrari f40


Introduced in Europe in 1987, Ferrari’s newest supercar was a shock to the senses. An engineering tour-de-force, the F40 combined raw-edged radical styling with state-of-the-art engine, body and chassis design.


Driving one is a visceral experience, hammering the senses with brutal acceleration, go-kart-quick reflexes and a howling exhaust note that pierces your very being. The experience is addictive, a powerful narcotic for the soul of a driver.


More than anything, it’s the car’s purpose that underlines the experience. Few concessions are made to creature comforts—no radio, no carpets, no power windows, not even door panels. Instead, racing seats with red Nomex covers clarify the point, which is—of course—absolute uncompromising performance.


Cost-no-object engineering produced a specification that still seems state of the art today, more than 14 years later—such as the carbon fiber and Kevlar reinforced steel space-frame chassis with composite body panels. The car’s Evoluzione twin turbo and intercooled, four-cam, port-injected V8 engine is controlled by a race-proven Weber-Marelli engine management system. Formula One-sized wheels and tires benefit from tremendous wind tunnel induced downforce. Few cars today can match its 200-mph top speed; 0 to 60 times were reported in the 3-second range.


The vendor of this US-delivery car is also its original owner. An aficionado of Italian cars, as well as a personal acquaintance of Enzo Ferrari, Mr. Copanos has nonetheless resisted the urge to drive it, choosing to preserve this example in pristine showroom condition—the odometer attests to the fact that it has been driven just 192 miles since new. As a ’91 model, it also benefits from the many updates made by the
factory since the official introduction of the F40 into the US market the previous year.

{analysis}{auto}289{/auto} This car sold for $344,300, including commission, at the RM Monterey auction, held August 18, 2001.


The F40 is without a doubt the most exciting street Ferrari to ever come out of Maranello. Its race car level of trim and brutal, turbocharged performance makes even the F50 seem tame. At the same time, the F40 is well mannered, air conditioned and civilized enough to drive around town. Such is its nature —fire and ice in one package.


Laguna Seca Raceway was the scene of my first encounter with an F40 driven in anger. An expertly driven one spanked all of the Ferrari street cars and passed several of the Ferrari race cars. It was elegant yet ferocious, a true descendant of Ferrari’s best offerings.


The next day I saw the same F40 with a middle-aged gentleman piloting an older lady through the Fisherman’s Wharf area of San Francisco. Pointing and talking, he idled the half-million-dollar tour bus through the congested streets. While the 201-mph Ferrari looked totally out of place performing this pedestrian duty, there was no overheating, fouling of spark plugs or embarrassing displays of supercar temperament. I’m sure the owner’s only anxious moments were getting his mother in and out of the deep bucket seats and explaining why he had spent more money on this one car than the total cumulative value of every house she had ever lived in.


Introduced at the height of the 1980s price frenzy, the rampant speculation on the F40 epitomized the era. By the time the F40 hit the US shores the “market” price was already established. While list price was somewhere in the $250k range, European cars were selling for a cool million dollars. American dealers bumped that a bit and started cutting deals. Dealer profits were obscene, but so was the speculators’ greed. A Northeastern dealer reportedly built a new showroom on the profit from their two F40s.


Within months of the first F40 deliveries, the collector car market began to collapse. Speculators walked away from their deposits as the market price slipped under their contracted prices. Dealers adjusted the contracts as the prices fell, but by the time the last new F40s were delivered, they could be bought at list price.


F40s are not rare by Ferrari standards. It was implied that the F40 would be a limited-production model, but with 1,311 cars built, F40 production exceeded every Ferrari model built before it except the Testarossas, Dinos and 308 series cars. As a comparison, there were 1,291 Daytonas, 350 275 GTB/4s and only 272 288 GTOs produced.


Despite its relatively large production, the F40 remains a highly sought-after car. There are very few on the market at any given time. Its dual-purpose race car/collector car status ensures customers for both driver-quality and collector-quality cars. The F40 is a special car that should remain valuable for the foreseeable future. The $344,300 paid for John Copanos’s F40 was a shade less than it might bring today, proving that even in Monterey, and even when spending nearly 350 large, you can still get a bit of a bargain.—Steve Ahlgrim{/analysis}

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