Every extra kilometer on this Ferrari Enzo has a price, and it’s a brutal one. Roughly $467 per mile, if the math holds.
That’s the sting hanging over a 2003 Enzo crossing the block at Monterey Car Week later this month, wearing an estimate of $9 million to $11 million. On paper it’s one of the most desirable examples in existence — and yet it’s set to sell for millions less than a near-identical car did earlier this year, for the crime of actually being used as a Ferrari.
One of a dozen, one of three
This isn’t just any Enzo. Broad Arrow Auctions, which is handling the sale, says it’s one of only a dozen delivered new to the United States finished in Nero D.S. instead of the searing red most buyers chose. Narrow the field to the cars painted black and trimmed in Rosso leather, and this becomes one of just three in the world.
The provenance reads like a slow migration across the American Southwest. It first sold in Nevada before moving to a new owner in Colorado in 2009, then changed hands again in 2012 to a collector in Scottsdale, Arizona, before following its most recent owner to Florida in 2022. Earlier this year it earned Ferrari Classiche certification and went through a major service that cost north of $80,000 — the kind of paperwork that reassures anyone about to spend eight figures.
The mileage that moves the market
Here’s where the story turns. The odometer reads 13,268 miles (21,352 km), which is nothing for an ordinary car but relatively high for an Enzo, a car most owners treat like a static art piece. And in this corner of the market, use is the enemy of value.
Consider what happened in March. Broad Arrow sold another black Enzo — also with a Rosso leather interior — that had covered just 430 miles (692 km). That car brought a staggering $15.185 million, making it the second most-expensive Enzo ever sold at public auction. Same recipe, radically different result.
If this higher-mileage example lands at the bottom of its range, $9 million, it will trade for more than $6 million less than the barely-driven car did just months earlier. Work that gap across the extra distance on the clock and you land at roughly $467 for every additional mile — an expensive way to say a Ferrari should be seen, not driven.
None of which means the car is anything short of pristine. By all accounts it’s in excellent condition, and the numbers involved remain absurd by any normal measure. To put the ceiling in perspective, the top end of the estimate is nearly 20 times Miami’s median house price of around $620,000.
A buyer who wants it in funeral black
What the sale really confirms is that there’s an audience for an Enzo that refuses to be red. Somewhere out there is a collector with eight figures to spend and a firm preference for black paint over Ferrari’s signature shade.
Good news for that buyer. Bad news for anyone still hoping one of these turns up wearing the color Ferrari intended.
