At the 2014 Barrett-Jackson Scottsdale auction, the unique black Ferrari F40 restored and built by Gas Monkey Garage for Fast N’ Loud sold for $742,000. Well it turns out that the car was once again sold at the Barrett-Jackson Scottsdale auction this year where it changed hands for $643,500.
The car was originally purchased by Reggie Jackson last year but according to the listing, it was simply too fast for him prompting him to sell it. Incredibly, this could be the only Ferrari F40 which has lost value in the last 12 months with a selection selling for over $1 million in recent times.
For those that didn’t know, this Ferrari F40 started off life as a regular red F40. However, it was crashed with just 7,148 miles on the clock. The guys at Gas Monkey Garage, Richard Rawlings and Aaron Kaufman purchased it for $400,000 and set about completely transforming and repairing it. They stripped it down to the chassis and strengthened and fixed the damaged frame. The build was helped by Stuart Singer an expert in Ferrari restoration and M. Luongo, a leading tech-head and certified Lamborghini and Ferrari repairer.
Turned into one of the world’s only Ferrari F40 fitted with upgraded turbocharges for the 2.9-liter V8 engine, the Ferrari F40 by Gas Monkey Garage now delivers 550hp. Additionally, it features a completely unique black finish along with some custom black HRE wheels. It also includes new LED headlights and ditches the pop-up lights of the normal Ferrari F40.