Jamiroquai's Jay Kay bought his LaFerrari for $1,475,848 and sold it for nearly double, but he still missed out on an even bigger profit

Jay Kay, the British singer and leader of popular funk band Jamiroquai, once bought a unique LaFerrari for $1,475,000 and sold it for nearly double, but the story doesn’t end there.

Debuted at the Goodwood Festival of Speed, Jay Kay owned a very special LaFerrari.

As it was rolled out in front of the anticipated crowd, the startling ‘Porsche Signal Green’ hue turned everyone’s head, as the only one of these 499 limited hybrid supercars to sport such a wild outfit.

Four years later, the celebrity singer cashed in on the appreciation profits, but he could have made a fortune if he had held onto it.

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Jay Kay doubled his cash on a four-year LaFerrari investment

Jay Kay has quite a habit of investing well in cars and selling them on for a chunk of profit.

The musician has an ever-changing car collection, where he constantly upgrades the garage with new additions and flips them years later.

But this particular LaFerrari, described by Kay as a ‘statement’, is painted in the green of the Italian flag, and stands out above the rest.

“I wanted to make a statement with the car,” he said as he unveiled it at Goodwood in 2014, as you can see in the video above.

“I think [the color] gives it a personality and it gives it a uniqueness, and it deserves it.”

The LaFerrari is one of the highest-appreciating supercars out there, just as Gordon Ramsay has found out.

And in 2018, he cashed in, selling it on for $2,875,000, doubling his money.

At the time, it seemed to be a decent deal, and might have been the injection of cash that even spurred him into buying an extremely rare $3 million British supercar.

However, if he had held his nerve and trusted in the power curve of appreciation, he could have doubled his profits again.

He could have doubled down again

Nowadays, as the automotive industry looks back on the LaFerrari with mass appreciation as the brand’s first – and arguably best – hybrid supercar, the value of these vehicles has only continued to increase.

Just last year, a similarly special LaFerrari with a unique hue of its own was cashed in for $4,500,000 in an auction in Arizona.

Other auctions have valued the supercar at around $5 million in the last year, which suggests that the green Jay Kay model would have been priced the same.

Doubtless, Jay Kay won’t be too phased by the missed profits, especially if his other investments continued to rise in price.

But it is a keen indication of how volatile the supercar market can be.

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