A famous 1991 Ferrari F40 restored and modified by Gas Monkey Garage is heading to auction once again.
The iconic Italian supercar was featured on Fast N’ Loud in 2013 after Gas Monkey Garage’s Richard Rawlings and Dennis Collins purchased the, then wrecked, F40 for $400,000. A risky and expensive restoration commenced shortly after.
Under the guidance of Ferrari restoration expert Stuart Singer and Lamborghini/Ferrari tech M. Luongo, the Gas Monkey Garage team disassembled the car and straightened and strengthened the bent frame. From there, virtually every part of the supercar was refreshed or replaced with OEM or aftermarket parts.
They also worked extensively to improve the F40 and did so with a pair of upgraded turbochargers for the 2.9-liter V8, an aluminum flywheel, Kevlar clutch pack, Tubi competition exhaust, Penske Racing adjustable shocks, and HRE wheels. And, despite all F40s that rolled out of the factory only in red, they decided to paint it black.
The Gas Monkey Garage Ferrari F40 was sold for $742,500 at auction in 2014, but just a year later, the owner, baseball icon Reggie Jackson, sold the car at an auction where it fetched $643,500. The car was purchased by Richard Scott who, in November 2017, he was arrested following police investigations into a 15-year bribery scheme. Authorities seized his assets and the unique F40 will now be auctioned off at Apple Towing Company’s February 5-7 auction in California.
Mind you, Richard Rawlings says he plans “to bid aggressively on the car” to get the keys back to one of his company’s most famous rides.