This car, Lot 150, sold for $6,199,006 (£4,730,000), including buyer’s premium, at RM Sotheby’s London, U.K., sale, on November 1, 2025.
A few dozen Ferrari VIP clients received a call in 2005 about a small number of exclusive super-Enzos for which they were being considered for an allocation. The limited-edition Enzo supercar had long been sold out, and those lucky enough to receive one made a windfall on their purchase. A chance to buy a super-Enzo was indeed good news. Then came the details. The new car was going to be a track-only model that Ferrari would keep at its factory and manage through an “arrive-and-drive”-style program.
Ferrari would host private events at premier tracks around the world, specifically for owners of the model, providing them logistical, mechanical and parts support, as well as hospitality. The new car was called FXX, borrowing FX from the project name of the Enzo, and would cost $1.8m — more than $1m above the base price of an Enzo. Softening the blow, the price included participation in six events over two years. (Additional events were available for a not-insignificant fee.) Participation was essential to the success of the program, and potential owners were vetted based on their interest in attending the events. Speculators were not welcome.
Prospects were told they would be test drivers for the factory, with their participation benefiting future Ferraris. Their cars would be wired with telemetry, with the data stored and analyzed. A cynic might suspect the test driver/data collection was a marketing ruse, but it did not matter; starry-eyed prospects saw themselves in Ferrari-logo helmets and driving suits circumnavigating Mugello. Deposits were sent and cars were ordered.
FXX events were normally combined with Ferrari Challenge races. Both series had cars at the track, but Ferrari provided FXX drivers with exclusive areas and upgraded amenities. Considering that FXX owners included Roger Penske and Lawrence Stroll, among other movers and shakers from around the world, the exclusivity was not unwarranted.
Evolving the program
The program was designed to run from 2006 to ’07, but never one to pass up an opportunity, Ferrari continued the program in 2008 by offering an Evo kit for the FXX. The Evo kit upgraded the powertrain, aerodynamics and livery. Owners were billed $250,000 for the upgrade, including participation in an additional six events over the following two years.
Intended to be exclusive, the Enzo-based FXX and FXX Evos were discontinued after the 2006 model year. Ferrari chose the 599 GTB Fiorano to continue the program, resulting in the 599XX. This was a beast of a car but never had the cachet of the FXX due to its production-car origin. Logically, a 599XX Evo followed.
The introduction of the LaFerrari hypercar gave Ferrari a new limited-edition halo car on which to base its next XX model. The new model was named FXX K, with the K designating a Formula 1-derived KERS electronic recovery and propulsion system. Utilizing this hybrid powertrain, the FXX K and its FXX K Evo successor boasted over 1,000 hp, making them the most potent of all the XX models.
Preferred treatment
One might ask, why buy a car that stays in Italy and is only used a couple of times a year at events half the world away? One answer is access. The XX clients are part of Ferrari’s VIP Corse Clienti program. Important people in the Ferrari organization know their names. There is no groveling for a factory visit; a call to Corse Clienti will be met with, “Of course Mr. X, when will you be arriving? Would you like a lunch reservation at Cavallino restaurant?”
Another reason is XX clients get invited to everything. You will be on the list for Ferrari’s most exclusive model introductions, Casa Ferrari events, Ferrari rallies and dealer parties. XX owners get invited to Ferrari F1 hospitality, rubbing elbows with enthusiasts from around the world. Of course, the reward of participation at XX events is a given; it is the pinnacle of “gentleman racing.” XX cars are the most advanced of all but Ferrari’s F1 and prototype race cars, and events are competitive but not cutthroat, with a safety-first approach. Corsa Clienti support is like having your own team without the logistic and financial hassle.
Not for everyone
RM’s FXX K Evo is the ultimate track-focused extension to what was, until recently, Ferrari’s ultimate street fighter. Until Ferrari introduces an XX version of its newest hypercar — the F80 — the FXX K Evo is the bad boy of the XXs. Our subject car has everything a collector would want: low ownership, low mileage, excellent condition and recent factory service.
The FXX K Evo is the most valuable of the XX models and also very difficult to buy. The XX program is still active. If someone wants to participate, they will want an FXX K Evo. Owners cannot trade up (yet, anyway), so few trade hands. I was only able to find two other public sales of the model, and none are on the market today. Ironically, RM Sotheby’s sold another FXX K Evo a month before this sale, with roughly the same mileage but only one owner. It brought a higher but comparable price. (Both cars are subject to VAT taxes based on the buyer’s country of residence.)
While this car is the holy grail for a would-be participant, it is a bit of an odd bird for a Ferrari collector not interested in the XX program. Unlike other track cars, it is compromised by needing a Ferrari-trained technician with the proper equipment to support the car. As garage art, there are a lot of tasty options available for $6m. This is where I have to remind myself that a six-million-dollar buyer already has another track car. They also have a garage full of other great cars. What they don’t have is an FXX K. The sale price was market-correct.
