Interesting charts on the latest auctions (Indianapolis and Villa d’Este)
Mecum’s Indy 2026 and Broad Arrow’s Villa d’Este auctions achieved healthy results, with sell-through rates improving again as a product of reserves becoming more realistic. Some results represented new highs for those particular models, however, most prints were inside the YTD ranges.
Ferrari continues to dominate the value traded: 36 cars (12%) traded with an average hammer price of $2.45m. Therefore, Ferrari accounted for 46% of the USD value traded, marginally higher than the YTD share (44%).
Of the cars making new highs, perhaps most surprising was the Aston Martin Valhalla. $2.2m is a reasonable premium over MSRP, a rare occurrence for Astons. And the bull market for Lamborghinis continues with a rare manual LP640 achieving €805k, more than double the value of an e-gear car.
To visualise many of the other dynamics, here are four comparison charts.
Ferrari Enzo v Maserati MC12: these cars have largely moved in lock-step. Only 50 Stradale (road-legal) and 12 Versione Corse (track-only) MC12s were built, so scarcity offsets brand value. The late optical out-performance of the Enzo is likely driven by idiosyncratic specifications.
McLaren Senna v McLaren Speedtail: in 2021, a Speedtail was worth almost triple the value of a Senna. These cars are now approaching parity. This demonstrates two dynamics: the aging of divisive styling and the market preference for track-focussed cars.
Ferrari 360 Challenge Stradale v 430 Scuderia: these markets have clearly rallied hard, however, the degree of dispersion is extreme. The 360 CS has gone from trading at a slight discount to a premium over the Scuderia, as scarcity has become a more important determinant of value.
Ferrari F40 v F50: it’s not clear that the long-term trend for F40 and F50 values has changed, with F50s trading around double F40s. As the most common F-car and approaching 40 years old, it will be interesting to see if the F40 starts under-performing the broader Ferrari market. The car sold in Italy was the lowest print tracked YTD (original paint, non-cat, non-adjust, 40k km).
