Ferrari 499P Modificata Achieves Record-Breaking $9.9 Million at Inaugural Geneva Auction








In a momentous event for automotive enthusiasts and collectors, the 2024 Ferrari 499P Modificata achieved an extraordinary sale price of CHF 8,217,500 (approximately $9.9 million USD) at Gooding Christie's inaugural auction in Geneva on November 8. This sale not only set a new benchmark for a track-focused vehicle but also marked the first time this particular model has been publicly acquired through an auction. The event underscored a burgeoning market for exclusive modern Ferrari models, with the overall sale garnering an impressive CHF 21,073,825 (about $25.4 million USD).
Ferrari 499P Modificata Makes History at Gooding Christie's Geneva Debut
On November 8, in the luxurious setting of Geneva, Gooding Christie's hosted its first auction in Switzerland, drawing significant attention from the global collector car community. The star of the evening was undoubtedly the 2024 Ferrari 499P Modificata, a car meticulously engineered for unparalleled track-day experiences, echoing the prowess of the Le Mans-winning 499P but without the constraints of competitive racing regulations. This exceptional machine, which cannot be homologated for official races or driven on public roads, captivated bidders, ultimately selling for nearly $10 million. Its sale price was approximately nine times the average lot price of the auction, highlighting its unique appeal and scarcity.
The auction was a resounding success, achieving a remarkable 96-percent sell-through rate. This strong performance, as noted by Oliver Camelin, Managing Director for EMEA at Gooding Christie's, signifies a deep and sustained demand for high-caliber collector cars. Beyond the 499P Modificata, other notable Ferrari models also commanded impressive prices. A 2025 Ferrari SF90 XX Spider fetched CHF 1,580,000 (about $1,904,000 USD), establishing a new world record for the model. Additionally, a 2016 F12tdf sold for CHF 1,805,000 (about $2,175,000 USD), and two 2023 Ferrari 812 Competizione variants, the A and the standard model, sold for CHF 1,748,750 (about $2,108,000 USD) and CHF 1,326,875 (about $1,600,000 USD) respectively. These figures underscore the continued investment value and desirability of limited-production, track-oriented Ferraris in the collector market.
The success of this auction in Geneva solidifies the city's return as a prominent hub on the collector-car calendar, providing Gooding Christie's with a new, prestigious platform to host future high-profile sales and continue breaking records in the luxury automotive world.
The sale of the Ferrari 499P Modificata at such an extraordinary price is a compelling indicator of the robust health of the ultra-luxury automotive market. It showcases how provenance, rarity, and the allure of cutting-edge automotive engineering combine to create unparalleled demand among discerning collectors. This event also reaffirms Geneva's growing stature as a key destination for high-stakes auctions, signaling exciting prospects for future record-breaking sales in the world of collector cars.