Supercar once owned by Ralph Lauren sells for £6.8m…which is rare as he doesn’t usually sell his motors

A Ferrari once owned by Ralph Lauren has sold for £6.8m.

The fashion designer – a keen car collector – doesn’t usually flog his flash motors.

So it was very unusual for the 1995 yellow F50 to be found at auction.

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Mr Lauren, 85, snapped up the 202mph convertible brand new the year it was made.

He owned it for eight years but only did 3,300 miles in it – just over 412 per year.

It was sold to a car dealer and it has been single ownership ever since for the last 22 years.

The Ferrari is described as being in “immaculate condition” and still only has 5,400 miles on the clock.

The 4.7-litre V-12 sports car – which can whizz from 0-60mph in just 3.7 seconds – has done just 3.4 miles a week during those three decades.

The Ferrari was sold by RM Sotheby’s when it went under the hammer on Saturday (16 Aug).

The sale took place in Monterey, near San Francisco, California, US, as reported on Whats The Jam.

A spokesperson for the auction house said: “Just 349 production F50s were built.

“Famously one less than the market would accept.

“While everyone is special, some are more special than others—the example offered here being especially so, and on multiple fronts.

“Only 55 were to US specification, and of those only two were finished in Giallo Modena – this being one of that fortunate pair, accented with Nero interior.

“As one might expect from such a significant example, it was ordered by none other than Ralph Lauren, a name that scarcely requires introduction in the automotive space for his incredible collection of significant sports cars, always considered among the world’s finest and most valuable.

“It is very rare that Mr Lauren has parted with a car once acquired, making the opportunity to purchase a vehicle with his provenance quite a rarity.

“Nonetheless, Mr Lauren retained the F50 until May of 2003, at which point it was made available for sale through Paul Russell & Company with 3,300 miles.

“It appears to have been sold into the hands of a dealer in Florida.

“Befitting its owners’ meticulous care and feeding of their collection, the car is offered with fewer than 5,400 miles at the time of cataloguing, and has just received a fresh service by Ferrari.”

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