Ferrari · 1987–1992
F40
Manual · RWD · Italy
AutoIndex value · good UK car
£2.8m
Checked against recent sales on 9 November 2026. How we value cars
Fast-moving market
Sales in the last year ran from about £2.5 million in Europe to over £6 million in the US; the value is moving up in steps. Half of the 13 sales in the last 12 months fell between £2.8m and £3.9m (sales recorded by The Classic Valuer). Our figure sits at the low end of that range while our weekly review moves it up. Treat it as a guide and check the latest results before you buy or sell; we re-check this car every week.
Estimated price by condition
Project
£1.68m
Restoration candidate
Driver
£2.8m
Good usable example
Concours
£4.2m
Show standard
Indicative condition bands · not a valuation of a particular car
Price check
Looking at a F40 for sale? Is it a good price?
At auction
Results we have recorded from the auction houses’ published results
RM Sotheby's, The London Auction 2026, lot 162 · 31 October 2026 · estimate £1,800,000–£2,400,000
Not like for like: modified to resemble the F40 LM; not an original-specification car.
£2,592,500
What the sale says about values · How results feed our values
Over the years
Every point is a real auction sale
The earliest sale here, in August 2009, made $462,000 (about £280k). Our value today is £2.8m: an average of about 14% a year since, with falls along the way. Past sales don’t predict what comes next; values can fall as well as rise.
When the 1990 boom ended, prices fell for most of the decade: by 2000, F40s were selling for as little as $225,000. (Sports Car Market)
All 14 sales, with links to each result
| Date | Sale | Car | Sold for |
|---|---|---|---|
| Aug 2025 | RM Sotheby's Monterey | 1990 F40, one owner, 360 km | $3,855,000about £2.87m |
| Nov 2024 | RM Sotheby's London | 1989 F40 | £1,973,750 |
| Aug 2024 | RM Sotheby's Monterey | 1991 F40 'Minty Forty' | $1,792,500about £1.39m |
| Nov 2023 | RM Sotheby's London | 1990 F40 | £1,962,500 |
| May 2021 | RM Sotheby's Amelia Island | 1992 F40, US specification | $2,040,000about £1.45m |
| Aug 2020 | RM Sotheby's Shift/Monterey (online) | 1991 F40 | $1,386,000about £1.06m |
| Aug 2018 | RM Sotheby's Monterey | 1990 F40, US specification | $1,710,000about £1.33m |
| Dec 2017 | RM Sotheby's New York | 1990 F40 | $1,242,500about £927k |
| Nov 2016 | RM Sotheby's Duemila Ruote, Milan | 1992 F40 | €1,030,400about £894k |
| Sept 2016 | RM Sotheby's London | 1990 F40 | £924,000 |
| Aug 2016 | RM Sotheby's Monterey | 1990 F40 | $1,265,000about £966k |
| Jan 2014 | RM Sotheby's Arizona | 1990 F40 | $935,000about £569k |
| Sept 2013 | RM Sotheby's London | 1990 F40 | £302,400 |
| Aug 2009 | RM Sotheby's Monterey | 1991 F40, US specification | $462,000about £280k |
Prices include the buyer’s premium, as published by each auction house. Dollar and euro prices are shown in pounds at the exchange rate of the month of sale. Left out: the F40 LM and competition cars, cars modified from standard, and cars that did not sell.
Vehicle data
Specifications
1987–1992
Performance
Production
Own one?
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Ferrari · The Eighties — 32 pages of history, production data, ownership economics and the market view, car by car.
Our analysis of this car
All articles →
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8 min read
The Testarossa made the poster. The 512 TR is the one the market pays for.
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6 min readFerrari F40: value questions answered
- How much is a Ferrari F40 worth?
- A good, usable UK example of the Ferrari F40 is worth around £2.8m on the AutoIndex index. A project car that needs restoration is nearer £1.68m, and a concours-quality example around £4.2m. Condition moves the price more than anything else.
- What makes one F40 worth more than another?
- Service history and paperwork — complete, stamped, explained
- Mileage against the norm for the model
- Originality — matching numbers, original paint and trim
- Specification — gearbox, colour, factory options
- UK-supplied versus imported
- Is the F40 I'm looking at fairly priced?
- Enter its asking price and condition in the price check above. It compares the price with the index for that condition and tells you what to ask the seller about.
- How many F40 cars were built?
- Around 1,315 were built, by our production records.
- Is there a buyer's guide to the F40?
- Yes: Ferrari · The Eighties, a 32-page collector’s guide. You can read a complete dossier free before you buy it.
Embed this valueFor club pages, forum posts and listings: a live value card that links back here.+
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