What: 1990 Ferrari F40 Competition Conversion by Hamann Motorsport
Color: Rosso Corsa (giallotriplostrato; non-metallic uni; 322; Ferrari)
VIN: ZFFGJ34B000084326
Mileage: unstated
Price: estimated $2,600,000 – $3,150,000 USD
Location: Monaco, Monaco
Dealer listing: RM Sotheby’s Monaco Sale
There are F40s, and then there are the handful that actually lived the life the car always promised. This 1990 Ferrari F40falls squarely into the latter category—a road car turned competition machine with genuine period race history and a later restoration that brings it back to full force.
Delivered new to Germany as a standard road-going F40, this example was later converted to race specification by Hamann Motorsport with input from Peter Sauber. That combination alone places it outside the typical F40 narrative. Rather than a Michelotto-built LM, this is a privateer-developed car—one that reflects how independent teams approached GT racing in the 1990s.
The car went on to compete in the BPR Global GT Series, including appearances at Spa and the Nürburgring in 1996. Results were modest, but the significance lies in the fact that it raced at all. Many F40-based competition builds never made it beyond development or demonstration—this one did the work.
Mechanically, the car has evolved well beyond its original specification. Its twin-turbocharged V-8 has been fully rebuilt and now runs a three-stage MoTeC engine management system, delivering up to 720 horsepower depending on configuration. It’s a substantial step up from even the most aggressive period setups, but one executed with a clear focus on usability and reliability.
A comprehensive, three-year restoration completed in 2015 by Moto Technique in the UK addressed everything from structure to drivetrain. The result is a car that balances historical accuracy with thoughtful upgrades—restored not just to exist, but to be driven as intended. Documentation is extensive, including over 100 pages of restoration imagery and period coverage.
Estimate sits at €2,250,000 to €2,750,000. For context, that places it firmly within upper-tier F40 territory, but still below factory LM examples. What you’re buying here isn’t purity in the traditional sense—it’s something arguably more interesting: a competition F40 with real history, non-factory development, and a second life executed to a very high standard.
