1987 Ferrari F40

2dr Coupe

8-cyl. 2936cc/478hp EFI Twin Turbos

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$2,400,000*

equal0%
#4 Fair condition#4 Fair
Value Graph01/2404/2407/24$500k$1M$1.5M$2MOct 2024
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1987-1992 Ferrari F40 stats
Highest sale
$12,100
Lowest sale
$6,864
Most recent sale
$6,864
Sales
10000

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1990 Ferrari F40 Coupe
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Model overview

Model description

The F40 was not only the last road-going Ferrari born while il Commendatore was still alive, but was so named to celebrate the 40th anniversary of the marque. Designed as the next flagship supercar after the 288 GTO, the F40 utilized an evolutionary version of the GTO’s chassis and double-wishbone suspension, as well as using the same 96-inch wheelbase. What was presented to the public in 1987 was an absolute no-compromise car that utilized a Pininfarina designed lightweight composite and aluminum body with IMSA-inspired widened fenders and an austere interior all in the name of saving weight. The engine was a 2.9-liter twin turbo V-8 (again, descended from that used in the 288 GTO) that made 478 hp and propelled the car from 0-60 in 4 seconds en route to a top speed of just over 200 mph.

Ferrari built 1,315 examples from 1987 to 1992, with approximately 211 U.S. spec cars coming stateside starting in early 1990. Journalists in Europe had already used plenty of ink documenting what a sensational performer the car was by the time the F40 hit American shores that some new owners paid almost three times the approximate $400,000 list price. U.S. cars had different fuel tanks and seats, stronger front and rear bodywork in order to meet crash standards, and a different state of engine tune that allegedly offered more power than the euro car in spite of the addition of U.S.-required emissions equipment.

The Ferrari F40 was a true expression of stripped-down, single-minded mission focus (anti-lock brakes weren’t even on the spec sheet) that proved to be the last car of its kind. As a result, the car’s depreciation curve didn’t last long, and collectors today seek these exceptional cars out no matter the price.

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Common Questions

The value of a 1987 Ferrari F40 can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $9,900 for a 1987 Ferrari F40 in good condition with average spec.

The highest selling price of a 1987 Ferrari F40 at auction over the last three years was $12,100. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1987 Ferrari F40 at auction over the last three years was $6,864. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 3 1987 Ferrari F40s sold at public auction.

The most recent auction sale of a 1987 Ferrari F40 was $6,864 on April 22, 2023 by Bonhams.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.