Lee Iacocca's Ferrari F40 Is Auction-Bound

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Ferrari F40

Ferrari F40

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A 1991 Ferrari F40 supercar is on the auction block, a car that once was owned by Chrysler's brash chief of the 1980s Lee Iacocca.

Reportedly, Iacocca cherished his F40, having been the first to own the car, which has changed hands twice since then.

When the F40 was produced it was fastest car on the globe, even quicker than its Porsche 959 nemesis. It was also the first vehicle to have a three-digit top speed which began with the number "2". Only 213 examples were built for America and Iacocca's was number 94.

The F40 stood its ground as a vehicle that exemplified the Ferrari lineage--beastly power, low weight, and highly tuned. The car featured a 3.0-liter mid-mounted V-8 engine with dual overhead camshafts per cylinder bank, four valves per cylinder, port fuel injection, twin turbochargers, independent suspension all around and Behr air-to-air intercoolers. The two-seater, which weighs in at 2,240 pounds, kicks out 471 horsepower through a five-speed manual gearbox.

As mentioned, the car has had a total of three owners including Iacocca yet it has a mere 300 miles on its odometer. This particular F40 comes complete with authentic documentation that would satisfy any super discerning bidder--the Ferrari Certificate of Origin dated October 12, 1990, a U.S. Environmental Protection Agency letter, Italian export papers, an engraved 'Built Especially for Lee Iacocca' card, the owner's warranty and service book, the warranty card and a letter that is 'John Hancocked' by Enzo Ferrari himself--priceless!

The ultimate supercar icon will be auctioned off on January 20 by RM Auctions and is expected to fetch anywhere from $650,000 to $750,000.

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