This Ferrari Enzo Sold For Triple Its Previous Record Price, But It’s Not Why You Think

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Ferrari collector Phil Bachman’s legendary fleet shattered auction records, led by an Enzo and a string of multimillion-dollar sales through Mecum

 https://www.carscoops.com/author/bradcarscoops-com/ 

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by Brad Anderson

4 hours ago

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• This Enzo is one of 36 in Giallo Modena with custom trim.
• Dozens of rare Ferrari models were sold from Bachman’s estate.
• Phil Bachman’s F50 and 288 GTO both set new auction records.

The remarkable Ferrari collection of the late Phil Bachman smashed records over the weekend, with numerous models selling for figures that would have been unthinkable until recently. Leading the charge was a Giallo Modena Ferrari Enzo that sold for a staggering $17.875 million, eclipsing the previous record for an Enzo, which stood at just over $6 million in 2023.

While all Enzos are special, Bachman’s car is finer than most. It has been driven just 649 miles (1,044 km) and is one of only 127 produced for the US market. Additionally, it’s one of just 36 finished in this particular shade of Giallo Modena yellow, and it has collected numerous awards over the years.

Read: He Spent Decades Building The Perfect Ferrari Collection, Now It’s All For Sale

This Enzo was also one of the very few to receive extensive factory customization. Ferrari outfitted the interior with striking two-tone Rosso and Giallo seats, a distinctive choice that set it apart visually from nearly every other example.

More Records Fall

Mecum Auctions

Bachman’s Enzo wasn’t the only headline act. His 288 GTO went under the hammer for $8.525 million, nearly doubling the prior record for the model. An F40 with only 458 miles (737 km) on the odometer changed hands for $6.6 million, setting yet another high. Meanwhile, his red Ferrari F50 fetched $12.21 million, also a new record.

The momentum didn’t stop there. A LaFerrari Coupe brought in $6.71 million. The Aperta version went even higher, reaching $11 million. A buyer also paid $3.96 million for a 599 GTO, a figure that turned heads. Other highlights from the sale included a 430 Scuderia Spider 16M at $1.98 million and a 360 Challenge Stradale that sold for $1.155 million.

Unpacking the Foundation Link

Mecum Auctions

Mecum Auctions stated that proceeds from the weekend’s auction would benefit The Phil and Martha Bachman Foundation, which sparked some speculation that high sale prices, particularly the Enzo’s $17.875 million, were tied to charitable giving. However, it appears that the foundation’s involvement occurred earlier in the process, not during the auction itself.

According to a post on Reddit, Dana Mecum purchased the entire Bachman collection last year from the family, and part of that transaction was allocated to the foundation. If true, any potential tax benefit would have gone to Mecum, not the buyers. The auction that followed was a regular business sale. Despite the foundation’s name being mentioned, buyers were purchasing from Mecum Auctions, not donating to charity.

Mecum Auctions

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