Is the Ferrari F12 a good investment?

The thesis

Limited to 799 units, the F12tdf is a 769hp naturally aspirated V12 track weapon—the last of Ferrari's front-engined, normally aspirated GT line before hybrid transition. Market data shows €1.1–1.2M valuations in 2026, down ~8% from late-2023 highs, reflecting rational correction not collapse. Recent auction activity (e.g. $1.24M Miami Dec 2024) sits below the budget ceiling, but most UK-spec examples ask beyond £1M. The frantic 2022 speculation has evaporated; the car now trades among serious collectors who understand intrinsic worth. Strictly above the stated £800k ceiling, included for context only.