(Type F120) is a mid-engine, rear-wheel drive sports car[5] built from 1987 to 1992, with the LM and GTE race car versions continuing production until 1994 and 1996 respectively.[2] As the successor to the 288 GTO, it was designed to celebrate Ferrari’s 40th anniversary and was the last Ferrari automobile personally approved by Enzo Ferrari. At the time it was Ferrari’s fastest, most powerful, and most expensive car for sale.[8]
The car debuted with a planned production total of 400 units and a factory suggested retail price of approximately US$400,000 (5-fold the price of its predecessor, the 288 GTO[9]) in 1987 ($880,000 today), although some buyers were reported to have paid as much as US$3.6 million in contrast to its 1999 value of £140,000.[10] One of those that belonged to the Formula One driver Nigel Mansell was sold for the then record of £1 million in 1990, a record that stood into the 2010s.[11][12][13][14] A total of 1,311 cars were manufactured with 213 units destined for the United States.[15][16]
