Ferrari F40 by Gas Monkey Garage sells for $742,500 at 2014 Barrett-Jackson

Article by Christian A., on January 20, 2014

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.

Ferrari F40

Intended by the Italian sports carmaker as successor to the Ferrari 288 GTO, the new Ferrari F40 is a mid-engine, rear-wheel drive, two-door sports coupé built between 1987 and 1992. In its first three years of existence from 1987 to 1989, the Ferrari F40 was regarded as the fastest street-legal production car in the world. From 1987 to 1992, the Ferrari F40 was the carmaker’s most powerful and fastest, as well as most expensive car.

While the Italian carmaker originally planned to build 400 examples of the red-finished Ferrari F40 made, the demand was so high that production boomed over three times as intended to 1,315 examples.

Although the Ferrari F40 was literally meant to succeed the Ferrari GTO supercar, the project held a more profound significance. When he was already 90 years old, Enzo Ferrari has expressed some disappointment in the fact that Ferrari's domination in international motorsport is vanishing over the years. This gave rise to a desire to come up with a new pet project, which should serve as a reminder to the world of Ferrari’s capabilities as a carmaker while serving as a prime rival to the Porsche 959. This new pet project was slated to become Enzo’s masterpiece.

Ferrari has decided that it was only right to unveil this new pet project on its impending 40th anniversary. From here on, Ferrari aimed to create a no-frills sports car that contains its best technologies. While this sports car would come close to a full-fledged race car, it would remain as a street-legal product. Thus, the Ferrari F40 became the last car that Enzo commissioned before his death.

The Italian carmaker designed the Ferrari F40 to tackle speed by relying more on aerodynamics instead of power. For instance, Ferrari reduced the frontal area of the F40, thereby smoothing airflow. While this enhances terminal velocity, its main goal was to make the F40 more stable on the road.

Ferrari also shaped the F40 to consider the supreme power emanating from its forced induction engine. This engine generates a great amount of heat, and there is a need to properly manage its operating temperature. Thus, the new Ferrari F40 looks like an open-wheel racing car with a body. The F40 also features a partial undertray that helps smoothen airflow beneath the radiator, front section, as well as around the cabin. Another undertray with diffusers could be found behind the powerplant, although the engine bay wasn’t sealed.

Overall, these aerodynamic elements gave the Ferrari F40 a low coefficient of drag value of 0.34 Cd, with its spoilers and wing managing aerodynamic lift.

Serving as core of the Ferrari F40 is a larger version (2.9 liters or 2936 cc) of the twin IHI turbocharged V8 engine found in the Ferrari GTO. This V8 engine could deliver 478 PS (352 kW or 471 hp) of max output under 110 kPa (16 psi) of boost. Although the suspension setup of the F40 is similar to the GTO -- a double wishbone system – several parts were upgraded and settings were tweaked. Since the F40 has a low ground clearance, Ferrari decided to make it capable of raising its ground clearance when needed.

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Topics: ferrari, sports car

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