• A rare US-spec Ferrari F40 is being advertised on Craigslist in California for $5 million.
  • A bankruptcy court judge authorized the sale of the damage-free, twin-turbo V8 icon.
  • The car is also being sold via a court auction with an opening bid of $2.55 m in place.

If you were in the market for a multi-million dollar classic Ferrari, you’d be as likely to look for it on Craigslist as someone searching for a $500 Nisan Sentra would bother perusing the lots at RM Sotheby’s next sale. But right now there’s a vintage Ferrari F40 on the popular, no-frills, selling platform and it comes with a serious $5 million price.

Related: Most F40s Are Garage Queens But Not This One

The twin-turbo V8 supercar icon was made in 1990 and is one of only 213 examples Ferrari built to US specification, according to the Craigslist blurb. The same blurb says it has a clean Carfax history, indicating that it’s never been damaged, the pictures show it to be in good (if not quite competition-winning) condition, and there are only 7,430 miles (12,000 km) on the odometer. So what the hell is it doing on Craigslist?

Not Just for Clicks

One possible answer is that the seller knows its appearance there will drum up a ton of publicity for the sale. And you’re reading this, so if that’s the ruse, it worked. But another reason could be due to the circumstances of the sale.

“I am the court appointed broker of record to sell this vehicle for the United States Federal Court,” reads the text in the ad from Icon Servicing, an exotic car specialist in Long Beach, CA. The ad goes on to reference The Honorable Ronald A. Clifford III and the United States Bankruptcy Court For the Centra District of California. It looks like the healthy income the owner must have enjoyed to buy the F40 in the first place has run out.

Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist

Icon Servicing

RM Auctions offered a stalking horse bid  – an initial bid on bankruptcy assets – of $2,555,000, but the final sale price will be decided when an auction for the F40 takes place in the US Federal Court in Santa Barbara on August 12 at 1300 PST. Unless, that is, someone steps in with $5 million before that date, in which case they get to take the Ferrari home and the auction is cancelled.

That’s unlikely to happen though, given that Hagerty suggests a $3.55 m price for a condition 1 concours car, which this isn’t, and $2.45 m for an F40 in good (#3) condition.

The seller has created an entire microsite about the F40 and the sale process that you can check out by clicking on this link.

Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist
Rare $5M Ferrari Mixing It With $500 Nissan Junkers On Craigslist

Icon Servicing

Lead image Craigslist