Is the Ferrari 360 Modena a good investment?

The thesis

Ferrari's first all-aluminum V8, the 360 manual is increasingly viewed as a 'modern classic' with strong appreciation over F1 paddle-shift variants. Only ~4,749 manuals built globally vs. 70% F1 gearbox take rate. Average manual sale price is $122,513 (£98k) vs. $74,284 for F1 cars. Market commentary in 2026 notes manual cars 'continue to see steady appreciation' and are the 'safer long-term bet.' However, much of the run has occurred—manual 360s have appreciated 8%+ in the past 12 months and are now well-recognised as investment grade. This is mid-cycle, not early.