Auctions and Brokerage
Coachwork by Scaglietti
Ronald Budworth, Surrey, British Columbia, Canada (acquired new)David E. Walters, Princeville, Hawaii (acquired by 2007)Bentley Bellevue, Bellevue, Washington (acquired from the above)Steve White, Sarasota, Florida (acquired from the above in 2008)Current Owner (acquired from the above)
To commemorate its 40th anniversary, Ferrari produced a revolutionary sports car that eschewed modern onboard computers, instead doubling down on the tactile, purposeful formula that is the magic of Ferrari. The Ferrari F40 was as much a car as it was a mission statement: one of the last projects overseen by Enzo Ferrari himself, and a modern distillation of everything a Ferrari was meant to be.
Designing and producing in a 12-month window, the Italian automaker undertook a moon-shot mentality to make an uncompromising, exhilarating car that would excite even the most ardent driver. The results are now viewed as simply a modern classic; the 1,311 produced worldwide from 1987 to 1992 are among the greatest of all sports cars ever built. Beginning with a race-inspired tube frame, Ferrari utilized advanced adhesives to bond lightweight Kevlar and carbon fiber panels to the chassis, achieving a 20% weight reduction while increasing torsional rigidity threefold over traditional all-steel construction. Longtime collaborator Pininfarina was retained to design the body, which featured NACA air ducts and a large rear wing, aiding aerodynamics and giving the supercar the intimidating looks that foretold its incredible performance potential.
A longitudinally mounted, 2.9-liter, all-aluminum DOHC V-8 engine made the F40 the most powerful road-going Ferrari built to date. Twinintercooled IHI Turbos, coupled to a Weber-Marelli IAW combined ignition/fuel injection system, resulted in 478 bhp at 7,000 rpm. A five-speed limited-slip transaxle delivered power to the rear wheels, and the F40 was able to reliably exceed 200 mph.
The interior was minimalist, with unadorned gauges and a lightly flocked dash and console. Simple door pulls and roll-up windows were employed for weight savings. Thinly padded Nomex-covered racing seats and automatic seat belts were used on the US cars, and all F40 interiors were trimmed solely in red. As a concession to creature comforts, air-conditioning was fitted to every F40.
At the time of cataloguing, this spectacular example showed less than 1,600 miles. Factory denoted as Assembly No. 03965, it was the 77th of 213 cars built for the US market. Chassis 087041 left the factory in Maranello on October 30, 1990, and was ultimately delivered to Ronald Budworth of British Columbia, Canada. After Mr. Budworth encountered registration issues in Canada, the F40 was sent to Ferrari of Walnut Creek, California, where it was still listed for sale in 1993. The next known owner was David E. Walters, a resort developer and car collector in Hawaii, who acquired the car by 2007.
From there the car passed to Bentley Bellevue, in Washington state. In 2008, then showing just over 700 miles, 087041 sold at auction for a world-record price at the time, attesting to this F40’s incredible condition. The sale was a catalyst for elevated values and increased recognition of the F40 model that continue today.
Steve White of Sarasota, Florida, was the high bidder and added the F40 to his growing supercar collection. It remained in his ownership until 2013, when 087041, at the time showing approximately 1,300 miles, was acquired by the consignor. The Ferrari has been enjoyed, meticulously maintained, and stored within an immaculate, temperature-controlled facility in the Southeastern US since. A review of the service history indicates the level of fastidiousness in the car’s upkeep. Chassis 087041 last received extensive service at 1,311 miles in 2013. It has been issued Ferrari Classiche Red Book Certification and is accompanied by extensive records and a report by Ferrari expert Marcel Massini. It comes complete with original wallet, owner’s manuals, workshop manual, spare parts catalogue, tool kit, tire inflator, and car cover.
The F40, purposeful and sublime, is often called Ferrari’s greatest road-going supercar. This example represents an opportunity to acquire an F40 in outstanding original condition with impeccable provenance and service records. Surely one of the finest, low-mileage US-spec F40s in the world, it is the benchmark example of its rare and desirable breed.