The 2014 Barrett-Jackson auction held in Scottsdale also saw the black Ferrari F40, which was restored and modified by the famous Gas Monkey Garage for the TV show Fast N’ Loud. The Ferrari F40 sold for $742,500 and we must admit that it is a lot of money but still, cars like this sell for over $1 million. But there are some reasons that the black Italian supercar didn’t go higher.
First of all, this was a red Ferrari F40 crashed by its owner who drove it for just $7,148 miles. Richard Rawlings and Aaron Kaufman a.k.a. the guys at Gas Monkey Garage bought it for $400,000 and started to repair it as well as modify it. As a result, the chassis was strengthened and the crew also fixed the damaged frame, while the 2.9-liter V8 engine received some upgraded turbochargers and it is now rated at 550 hp.
Moreover, the Ferrari F40 became black and received a new set of HRE wheels, LED headlights. Gas Monkey Garage didn’t start modifying the car by their own, as they were helped by Stuart Singer a.k.a. an expert in Ferrari restoration and Ferrari mechanic M. Luongo.