Last Ferrari LaFerrari Aperta sells for $10 million
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

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

 ferrari 1309

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.

Disclosure

Dominion holds Ferrari in its Global Trends Luxury Fund.


If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.