
The Ferrari F40 pushed the envelope as far as it could be pushed – in terms of design and engineering – it is the closest you can get to a road-worthy rocket sled on wheels. Weighing just 2,240 lbs and powered by a 3-liter V8 producing 471 bhp (right behind the drivers seat) and pushing you through the speedometer’s range with heart in your throat quickness.
Testing rated the Ferrari at idle to 100 mph in 7.8 quick seconds – 140 mph in 14 seconds. Reportedly independent testing proved it to be even faster but this model, built specifically for Lee Iacocca in 1990 as number 94 of only 213 built to U.S. specs, has only 300 actual miles on it over three separate owners – the engine is not even broken in! Apparently, it’s been parked in various upscale living rooms like a coffee table.
This vehicle was built with a carbon fiber and Kevlar-reinforced steel chassis, composite body panels, a mid-mounted Evoluzione twin-turbocharged, intercooled quad-cam, port-injected V-8, controlled by a professional race-proven Weber-Marelli engine management system! That’s Behr air-to-air intercoolers, a five-speed manual transmission with rear transaxle, four-wheel independent suspension utilizing unequal-length A-arms, coil springs and anti-roll bars plus ventilated hydraulic disc brakes all around a wheelbase of 96.5inches.
We’re hoping whoever buys it intends to put a few miles on this beauty – it was meant to be driven hard and put away wet – not stashed in a vault letting its rubber harden and crumble. Granted it is an investment and a work of art, but if Enzo had envisioned Ferraris as fine art sculpture they would come encased in clear acrylic.
Of course this one has all the documentation to fetch its estimated three-quarter million-dollar auction price. These include Ferrari’s Certificate of Origin dated October 12, 1990, a U.S. Environmental Protection Agency letter, Italian export paperwork, an engraved Built Especially for Lee Iacocca card, the Owner’s Warranty and Service Book, the warranty card and one piece of personal correspondence signed by Enzo himself.
Personally, we’d put all the documents in a nice case in the sitting room and drive the Ferrari F40 to the mall on Sundays just to turn heads and cause a commotion. Mind you it would not be left there unattended – but it’s not just money, it’s a Ferrari. Like the rearing stallion in the famous marquee’s badge, it was born to run!
Press Release:
Lot 258 – 1991 Ferrari F40 Berlinetta
Estimate: $650,000-$750,000 US 471 bhp (SAE), 2,936 cc mid-mounted V-8 engine with dual overhead camshafts per cylinder bank, four valves per cylinder, Weber-Marelli engine management and port fuel injection, twin IHI turbochargers, Behr air-to-air intercoolers, five-speed manual gearbox in rear transaxle, four-wheel independent suspension with unequal-length A-arms, coil springs and anti-roll bar, and four-wheel ventilated hydraulic disc brakes. Wheelbase: 96.5″
• Less than 300 miles from new and well documented; still on original MSO • Three owners from new, originally owned by Lee Iacocca • An enduring supercar icon, the last Ferrari under Il Commendatore
Introduced in 1987, Ferrari’s F40 supercar was nothing less than a shock to the senses and a masterful combination of raw-edge, radical styling with state-of-the-art technologies used throughout its engine, body and chassis designs. Without question, driving an F40 is truly a visceral experience, hammering the senses with brutal acceleration, go-kart quick reflexes and a howling exhaust note that is music to the ears of the devoted enthusiast. The overall experience is addictive-a powerful narcotic even.
Conceived in 1986, the F40 project was intended to celebrate Ferrari’s landmark 40th anniversary. Il Commendatore, Enzo Ferrari, is reported to have said, “Let’s make something special for next year’s celebrations in the way we used to do it.” A friend of Ferrari, Gino Rancati, who received a silver plaque to commemorate the occasion, suggested the car’s name. It was inscribed, “To Gino Rancati for a brilliant idea.” An accompanying letter said:
Dear Rancati, with this plaque I want to commemorate our meeting on the 4th June when you kindly contributed to the choice of name for the GT car we presented at the Frankfurt motor show. Your contribution has produced excellent results-the ‘F forty’, based on the idea of forty years of Ferrari cars, identifies and personalizes the fastest Ferrari GT. Kindest regards. G.B. Razelli.
Poignantly, next to this, in slightly shaky script with violet ink, was, “To Signor Gino, Ferrari.” Sadly, the F40 was to be the last car that Enzo Ferrari would see launched by the company he founded.
In true Ferrari tradition, the F40 bridged the gap between the company’s road cars and racing cars, representing a further progression of the 288 GTO Evoluzione. Cost-no-object engineering produced technical specifications that remain the stuff of fantasy even by today’s jaded standards. A carbon-fiber and Kevlar-reinforced steel space frame chassis with composite body panels was mated to an Evoluzione twin-turbocharged and intercooled four-cam, port-injected V-8 engine, controlled by a race-proven Weber-Marelli engine management system and producing close to 500 bhp.
Weighing just 1,100 kilograms, the F40 was capable of blinding performance. Fast Lane magazine road tested the F40 in the late 1980s, achieving zero-to-60 times of just 3.9 seconds. From a standstill, Ferrari’s supercar accelerated to 100 mph in just 7.8 seconds and to 140 mph in 14 seconds! Independent testing revealed even quicker acceleration times. Regardless of the source, the F40 proved to be the fastest road car ever produced, and its performance abilities remain simply staggering in every respect today.
While the initial production run was limited to about 400 examples, the market demand was so overwhelming, even with the car’s stratospheric price tag, that production continued until 1,315 F40s were built by the time production ended in 1991. American Ferrari enthusiasts, however, had to wait until 1990 for the chance to own one. With such strong demand, U.S.-specification cars traded at premiums of many thousands of dollars above their list price in the heady “supercar” market of the time. Over a three-year period, only 213 examples of the F40 were built for the U.S. market.
While every F40 is “special” indeed, this example from 1991 has covered fewer than 300 miles from new, and it is still unregistered and listed on its Manufacturer’s Statement of Origin (MSO). As the 94th of the 213 U.S.-specification F40s, it was produced during October 1990. With just three owners from new, its original owner was none other than the famed American automotive executive and business leader Lee Iacocca. Having recently received a major service by Patrick Ottis, the noted Ferrari marque specialist, the F40 is now offered from the current owner’s impressive private collection and complete with extensive documentation confirming the former ownership of Mr. Iacocca. Among the documents are such items as the Ferrari Certificate of Origin dated October 12, 1990, a U.S. Environmental Protection Agency letter, Italian export paperwork, an engraved “Built Especially for Lee Iacocca” card, the Owner’s Warranty and Service Book, the warranty card and one piece of personal correspondence. A genuine “blue chip” investment-quality exotic automobile, this 1991 F40 will certainly continue to top the Ferrari collector’s wish list for many years to come.
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