Iconic Ferrari F40 – one of less than 20 on planet – selling for £7m

Iconic Ferrari F40 – one of less than 20 on planet – selling for £7m

An iconic Ferrari F40 – one of less than 20 on the planet – is selling for £7m.

The classic 1993 supercar can zoom to 229 mph and has an incredible 760bhp.

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The LM by Michelotto model – with a 0-60mph of under 3.5 seconds – is described as a wolf in wolf’s clothing.

The car is the most powerful F40 variant ever.

There were only 19 made.

The F40 is easily recognisable for its rectangular shaped spoiler.

They were popular with celebs in the 90s.

Late footy legend Diego Maradona, opera singer Luciano Pavarotti and F1 drivers Nigel Mansell and Alain Prost all had one.

It is being sold by RM Sotheby’s, as reported by Whats The Jam.

Its listing says: “Chassis number 95448 is the 14th example prepared by Michelotto.

“Built to the more powerful GTC specifications, the LM was further equipped with the highly desirable Lexan plexiglass sliding side windows and finished in the characteristic Rosso Corsa paint over seats trimmed in cloth upholstery.

“Following factory completion in December 1992, the spectacular LM was delivered a few months later to the buyer, the late marque collector Walter Hagmann of St. Moritz, Switzerland.

“Mr Hagmann obviously embraced the prodigious competition machine with zeal, as he was involved in a minor crash during a private testing session at the Mugello circuit in May 1993.

“Michelotto quickly repaired the limited rear-end damage, and the car was then featured in the July 1993 issue of the Swiss enthusiast magazine Auto Illustrierte.

“In October 1993, the F40 commenced a long record of event participation with its appearance at the Ferrari Club Italia meet at Mugello, followed by display at the Motor Classic Show in Zurich in February 1998.

“Hagmann sold the LM to a fellow Swiss enthusiast in 2002, only to buy it back and resell it in 2007 to a financier in Munich.

“This owner enjoyed the remarkable F40 at numerous historic challenge events over the next eight years, including runs at Monza, Italy; Le Vigeant, France; Brno, Czech Republic; and Valencia, Spain.

“Perhaps most notably, in April 2009, the F40 LM was factory-certified by Ferrari Classiche, authenticating the presence of the matching-numbers engine, transaxle, and coachwork.

“The only noted change to the car in the 2009 certification was that the car’s original wheels had been changed to larger but slightly narrower, OZ magnesium wheels, which remain on the car today.

“Around this time following certification, the LM reportedly was returned to Michelotto for engine upgrades.”

It added: “In 2014, the Ferrari was again returned to Michelotto for a thorough freshening, and the car’s original build/tuning operation overhauled the engine and gearbox, performed minor coachwork repairs, and refinished the exterior in the correct original colour.

“A year later, the highly authentic F40 LM was purchased by an investment developer in Las Vegas, and he kept the car for five years before it was sold to a German dealer, from whom it later passed to an Austrian collector.

“Under present ownership, the F40 LM was shown at the 2025 ModaMiami concours held at The Biltmore Hotel in Coral Gables, Florida, where it naturally drew the attention of many discerning tifosi, winning the Ferrari: Passion and Performance Collection class award.

“In preparation for its current offering, the Ferrari has undergone a major service by Rosso Corsa Inc. of Jupiter, Florida, completed in June 2025.

“This work included the replacement of the fuel bladders, timing and accessory belts, spark plugs, and fuel filters.

“A new battery was installed, and the wheels were shod with new Michelin Pilot Sport GT Slick tyres.

“As one of just 19 Ferrari F40 LMs ever produced, this well-documented example, abounding in exquisite competition-engineered details, would make a sensational addition to any Ferrari-centric garage or racing-themed collection.

“It offers the next caretaker the pride of field exhibition or the visceral joy of hot laps in one of Maranello’s most powerfully specified modern berlinettas – a true wolf in wolf’s clothing.”

It is being auctioned in Monterey, near San Francisco, California, on 16 August.

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