Ferrari Monza SP2 Value Nearly Doubled in Three Months. One Sale Did the Work.

In December 2025, a 505-mile Ferrari Monza SP2 sold at RM Sotheby’s Abu Dhabi for $2,536,250. Three months later, a 16-mile, one-owner SP2 sold at Broad Arrow’s Amelia Island auction for $4,955,000, a world record for the model and about 95% more than the Abu Dhabi car. On paper, Ferrari Monza SP2 value nearly doubled in a single quarter. The question for owners and buyers is whether that number is a new market level or one very good night.

Our thesis: the Monza’s floor has moved up, and that part looks durable. Ordinary low-mileage cars now trade in a band of roughly $2.5 million to $3.2 million, above Ferrari’s original price. The $4.955 million result has not been repeated in public. Two later SP2s failed to sell on bids of $2.6 million and about €2.8 million, so the record works better as a ceiling than as a comparable.

This analysis reflects public results available as of October 8, 2026. Below, we separate verified facts from our market interpretation.

The facts: what has actually sold

The car and its supply

• Production: Ferrari capped Monza production at 499 cars, SP1 single-seaters and SP2 two-seaters combined, built from 2019 to 2022. Ferrari has not published the split between the two versions.
• Original price: about $1.6 million to $2 million depending on market and options. Cars went to existing Ferrari clients, and many were heavily personalized.
• Mechanicals: a 6.5-liter naturally aspirated V12 derived from the 812 Superfast, rated at 799 hp in RM Sotheby’s catalog, with no windshield. It was the first model in Ferrari’s Icona series, which later added the Daytona SP3.
• Public exposure: according to the classic-car-auctions.info record list, fewer than 2% of Monzas have been offered at public auction, and only five of eight cars offered at major auction houses have sold.

The public results

What we know about the record car

Broad Arrow sold the 2021 Monza SP2, Lot 181, on March 7, 2026, for $4,955,000 including premium. Broad Arrow described it as a single-owner car with 16 miles and said it was the first Monza offered at auction in North America. duPont Registry reported it was finished in Rosso Corsa. The same sale set model records for a Ferrari F12tdf at $4,185,000, a Porsche Carrera GT at $6,715,000 and a Porsche 918 Spyder at $2,975,000, and a Ferrari Enzo topped the auction at $15,185,000. Broad Arrow reported $111 million in total sales with 92% of lots sold.

What happened next

• In March 2026, a 2019 SP2 failed to meet its reserve in a Car & Classic online auction despite a reported bid of about €2.8 million.
• On April 20, 2026, a 2021 SP2 on SBX Cars reached a $2,600,000 high bid and did not sell, according to CLASSIC.COM.
• At Broad Arrow’s Villa Erba sale on May 16 and 17, 2026, a 417 km, 2020 SP2 with a two-tone Rosso California and Grigio Coburn finish was sold before the auction. The price was not disclosed. K500 estimated it at around €4.5 million by working back from Broad Arrow’s totals. That figure is an inference, not a reported price, and we do not treat it as a comparable.
• We found no public Monza sale between June and early October 2026. CLASSIC.COM currently lists a market benchmark of about $3.65 million for the SP1 and SP2 together, a figure above every public sale except the Amelia car.

Comparables: where the Monza sits among modern Ferraris

Within the Monza family

Before Amelia, the four sold cars, two SP1s and two SP2s, fell between about $2.5 million and $3.2 million, with no clear premium for either body style. That cluster is the most useful comparable set. The Amelia car was 16-mile, one-owner, and the first offered in the U.S., but none of those traits explain a 55% premium over the top of the cluster by themselves.

The Icona successor

The Daytona SP3, the next Icona model with 599 built, shows how wide modern Ferrari limited-series pricing has become. A 2023 Daytona SP3 sold for €6.25 million at Villa Erba in May, according to K500, while a 227-mile, two-owner car brought $17.8 million at RM Sotheby’s Monterey in August. We covered that result in 227 Miles, Two Owners, $17.8 Million. A Monza at $5 million sits well below the Daytona SP3, which supports the idea that the Monza had room to rise.

Same night, same room

The F12tdf, a 799-car series, sold for $4,185,000 in the same Broad Arrow sale, more than double its estimate according to duPont Registry. When two modern limited-series V12 Ferraris both set records in one evening, at least part of the result reflects bidders in that room, not only the cars.

The broader analog-hypercar move

The Monza’s jump is part of a 2026 pattern. The Porsche Carrera GT roughly doubled this year, and the Ferrari F50 nearly tripled in two years. The difference is depth. The Carrera GT’s rise is backed by a cluster of sales across several platforms. The Monza’s top result stands alone.

Possible causes: our market interpretation

The points below are interpretation. They are consistent with the facts above, but none of them is proven by the sales data alone.

1. Money is concentrating at the top

Hagerty’s market rating fell to its lowest level in nearly 15 years in January 2026, as reported by Motorious, while seven- and eight-figure modern Ferraris kept setting records. Buyers with capital appear to be choosing fewer, rarer cars. Our coverage of the $10.675 million Quail Enzo followed the same pattern.

2. A first-in-America premium

The Amelia car was the first Monza offered at auction in North America. U.S. bidders who had not been able to buy one at a European or Middle Eastern sale finally had a chance in their own market. That kind of pent-up demand can produce a strong first result that later sales do not match.

3. The analog V12 story

The Monza is a naturally aspirated V12 with no hybrid system and no roof or windshield. As Ferrari moves toward hybrids and the electric Luce, collectors may increasingly see the last non-electrified limited series as a closed chapter. This could support values over the long term, but it does not explain a 95% jump in three months.

4. Thin supply makes single sales loud

With only a handful of public results, one strong sale moves price guides and benchmarks a great deal. A benchmark built on a few sales, such as CLASSIC.COM’s current $3.65 million figure, can look stronger, or weaker, than the market really is. We saw the same thing when two GMA T.50s sold $2.4 million apart.

Durable or temporary? Reading the Ferrari Monza SP2 value move

Signs the higher floor will hold

• Every public Monza sale since 2023 has cleared Ferrari’s original price, across three auction houses and three continents.
• The no-sale bids are informative. Sellers turned down $2.6 million and about €2.8 million, so owners now expect more than $3 million.
• A pre-sold Villa Erba SP2 suggests a private buyer was willing to deal before the public sale, although the price is unknown.

Signs the $4.955 million level is not yet established

• No public sale has come close to $4.955 million since March. The two cars that tried after Amelia both failed to sell.
• The record came on a night when several modern supercars set records together, which suggests the room mattered as much as the car.
• The record list we used describes the Amelia result as “likely not yet a fully established market level.”
• Benchmarks that average in the record overstate what a typical Monza would bring today.

Our read

We think the move from roughly $2 million to about $3 million is durable, given the number of sales and sellers’ resistance below that level. The move from $3 million to $5 million is a single data point. It may be confirmed if another low-mileage SP2 sells near $5 million in public, but until then we treat it as an outlier. The next U.S. auction appearance of a well-documented SP2 will be the real test.

What collectors should take from it

• Use the cluster, not the record. For a low-mileage SP1 or SP2 without unusual provenance, the relevant public comparables are about $2.5 million to $3.2 million, not $4.955 million.
• Treat no-sales as data. The $2.6 million and €2.8 million bids show where buyers stopped, which matters as much as where sellers want to be.
• Check personalization and paperwork. Because many Monzas were personalized, specification will matter more over time. Ask for Ferrari Classiche or factory build documentation and full service records. The Mayfair SP2 case is a reminder to confirm title, registration and export status as well.
• Watch how other modern Ferraris trade. Mixed hypercar results, such as those in our Zurich market brief, show that the top of the market is selective, not uniformly rising.

This article is market commentary, not investment advice. Collector car values are volatile, and past auction results do not guarantee future prices.