Ferrari's Testarossa May Be a Better Investment Than Its IPO
A Ferrari Testarossa and a Ferrari F40 at a vintage cars and motorbikes exhibition at Le Grand Palais, Paris. Photographer: Antoine Antoniol/Getty Images
Ferrari’s upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like its Testarossa from the 1980s, has served up gains that are hard to beat.
Vintage Ferraris have surged nearly 7-fold in value since 2006, according to the Hagerty Price Guide Index of Ferraris, which pools prices of 13 of the most sought-after models from the 1950s to the 1970s, such as the Ferrari 250. Even newer cars, like the Testarossa, have nearly doubled over the past 12 months alone, said Rob Johnson, managing director of Kirtlington, U.K.-based Classic & Sports Finance.