Incredibly rare Ferrari F50 expected to fetch $6.5m after 18 years in a garage

Published on Nov 14, 2022 at 12:18 PM (UTC+4)
by Kate Bain

Last updated on Nov 14, 2022 at 12:18 PM (UTC+4)
Edited by Kate Bain

Incredibly rare Ferrari F50 expected to fetch $6.5m after 18 years in a garage

This incredibly rare Ferrari F50 is expected to fetch $6.5 million at auction. 

Number 8 of 349 examples ever built, this beauty has been kept in a garage and barely driven since it was first sold in 1995.

Ferrari F50 rear
RM Sotheby’s

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The F50 was first owned by lifelong Ferrari enthusiast Alfred Tan. 

Tan stored the supercar at his home garage in Singapore, where he kept it in pristine condition.


To ensure the odometer reflected only delivery mileage, Tan never even got behind the wheel. 

After 18 years tucked away in his garage, Tan then sold to another Ferrari enthusiast over in Texas. 

Since being imported to the United States in 2013, it’s been driven only sparingly for exercise miles and “occasional enjoyment”. 

As a result, the car has just 625 miles on the odometer.

The F50 comes with a factory-issued set of fitted luggage and a proper flight case for the removable hardtop. 

It also comes with all its documentation including its 1995 certificate of origin. 

“To come across an immaculate two-owner F50 with such low mileage presents a very rare opportunity,” Sotheby’s says. 

“This car is probably the best-condition example of Maranello’s important 50th anniversary model that one might ever encounter. 

“The pristine early-production F50 would make an exquisite addition to any sporting collection, particularly suited to marque enthusiasts searching for the best of the best, or those collectors pining to fill a gap in their assemblage of Ferrari’s lauded Big Five modern hypercars.”

The car will go up for auction with RM Sotheby’s on December 10. 

The F50 was built to celebrate 50 years of the car maker. 

There were just 349 examples of the F50 ever made, ensuring its rarity and establishing the car as a bona fide collectible. 

When it was first unveiled at the 1995 Geneva Salon, Ferrari described the F50 as “the closest you could get to a Formula One car for the public roads”. 

# Tags - Ferrari, supercars


Kate Bain

Kate Bain is the Page Editor at She is based in Dubai and coordinates coverage of the latest news across automotive, technology, and lifestyle. Kate has a bachelor's degree in business and post graduate in journalism. She is an experienced editor and journalist who has worked for News Corp, Daily Mail Australia, and Sky News. When she's not at work, you'll find her attached at the hip to her dog, Thor. Kate is currently on maternity leave following the birth of her first child.