Last Ferrari LaFerrari Aperta sells for $10 million
The media is rife with speculation over Ferrari’s future models: will they produce an entry-level model at a lower price point? Will they produce an SUV? The manifold discussions as to whether Ferrari will branch out from supercars, and whether it will offer cheaper products, however, can lead us to forget just how exclusive Ferrari currently is – and the kind of brand appeal that exclusivity can have. This week, we have been given a sharp reminder of that fact, as one of the company’s famous supercars has just sold for $10 million.
Ferrari’s share price has appreciated by 90% so far this year
SOURCE: Yahoo Finance
Ferrari’s very last LaFerrari Aperta has just been auctioned for charity, and to celebrate the company’s 70th anniversary. And it raised an enormous €8.3 million ($9.96 million). Auction house Sotheby’s, which conducted the sale, said that 12 bidders were putting up millions each for the supercar, pushing it well above the expected price of $3.50 million to $4.75 million.
The car is only the 210th LaFerrari Aperta ever made. It has a hybrid drivetrain with a 6.2-liter V-12, which is assisted by an electric motor to create a whopping 950 horsepower. It can go 0 – 60 mph in under 3 seconds, and has a top speed of 217 mph.
Proceeds from the sale will be donated to Save the Children.
Dominion holds Ferrari in its Global Trends Luxury Fund.
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