"Limited to 499 units" Ferrari Monza SP2, showcased at the Estate of Italy auction... Can the 1.58 trillion won market frenzy continue?

In the U.S. classic car auction market, the “Ferrari Monza SP2” is once again in the spotlight. This Icona series model, which combines scarcity and performance, will take the stage at Europe’s most authoritative elegant-competition venue, the Concorso d’Eleganza Villa d’Este, and whether it can build on the popularity of the high-priced collectible car market is drawing widespread attention.

Broad Arrow Auctions, operated by Hagerty, announced that at the “Concorso d’Eleganza Villa d’Este” auction taking place in Italy from May 16 to 17, 2026, it will offer a 2020 Ferrari Monza SP2. The car is one of the Icona series produced in only 499 units, with just 417 kilometers on the odometer, remaining in a near “new-car” condition.

The vehicle uses Ferrari’s bespoke program “Tailor Made” specifications and is equipped with a 6.5-liter naturally aspirated V12 engine, producing a maximum output of 798 horsepower. It features a dual-seat Barchetta layout and an aerodynamic system known as the “virtual windscreen,” blending traditional elements with innovation. In addition, the car also includes rare options such as a carbon-fiber helmet made by Bellutti and original four-point racing seat belts.

Broad Arrow Auctions has continued to set record-breaking performance this year. At the auction held March 6 to 7 on Amelia Island in Florida, USA, total sales reached $111 million (about 1598 billion won), setting the company’s highest performance in history. The close rate was also as high as 92%, demonstrating strong underlying market demand.

Among them, the highest price achieved for a single car was for a 2003 Ferrari Enzo, which sold for $15.185 million (about 2187 billion won). In addition, major supercars such as the Porsche Carrera GT and the Lamborghini Miura P400 SV also repeatedly set new world-record sale prices, further confirming the strong momentum of the “collectible car market.”

Industry analysts believe that although the market is operating in a high-interest-rate environment, demand for ultra-rare vehicles remains solid. A classic car market analyst said, “For models produced in extremely limited quantities and cars preserved in perfect condition, their asset value is often not affected by fluctuations in financial markets. In particular, the Ferrari Icona series is considered a representative ‘alternative investment asset’ that combines the brand’s history with its iconic symbolism.”

Ahead of major European auctions such as the upcoming “Air|Water” event in April and the Villa d’Este auction in May, Broad Arrow Auctions is also working on collecting additional consigned vehicles. Whether the top-tier auction market—centered on high-priced supercars and classic cars—can continue its upward trend this year is worth watching.