Gas Monkey Garage massively repaired and altered a Ferrari F40 that was auctioned off two times within a year. And if Bold Rides on Yahoo is correct, it is losing value year after year. Here are several reasons why this Ferrari F40 is constantly losing value at auctions. It has been in a horrific car accident by a Ferrari Mechanic when it was in for service. The owner did not crash it as Yahoo’s Bold Ride states. (That why I state “if Bold Rides on Yahoo is correct”. They have posted a lot of inaccuracies and incorrect numbers (horsepower, performance, etc.) Price we get for social media, kind of like this blog but I double check. Anyways, when a Ferrari is crashed and the frame and chassis is severely bent, it’s pretty much salvaged.
The show documented the damage, repair, and modifications in detail. It’s great for ratings and for the show, however, car collectors only see this as an F40 they would mind owning and to drive without worry of losing value. It’s more of a nostalgic F40 because of the damage. Now putting the repair aside, it is not original. Gas Monkey, the Aaron Kaufman (bearded guy) states the original headlights are horrible and pop-up lights are ugly. Added LED lights, replacing pop-up headlights with a custom vent, custom HRE Wheels, customized lowered suspension, Tubi Performance Exhaust, original red to black paint, Recaro Racing Seats and other body modifications just kills the value. Especially with the chrome add on at the exhaust tip with “Gas Monkey” logo on it. Originality without accidents and paperwork of maintenance log is what keeps collector’s car high… And low mileage helps a lot. No videos of the build appear to be available to post but check Discovery Channel for re-runs.
– 2014 Scottsdale Arizona – Barrett-Jackson sold it for $675,000 to Reggie Jackson (Pro Athlete) – (Bold Rides states $645,000, inaccuracy issue)
– 2015 Scottsdale Arizona – Barrett-Jackson sold it for $643,500
Check out DuPont Registry to see what F40 are selling for. Look at the difference between the mileage. Value drops like hell from under 1,000 miles to 5,000 miles.