Shortly before rush hour on Tuesday, around 4 pm, a Ferrari F40 caught fire on Avenue Princess Grace, one of the Top Ten Most Expensive Streets in the World with an average property costing €75,000 per square meter.
According to French media Monaco Matin, the owners, Monaco residents, were able to safely escape before flames engulfed the vehicle near the Portier roundabou, close to the official Ferrari dealer Scuderia Monte-Carlo located at Number 5.
A dozen Monaco firefighters were on the scene to quickly contain the fire.
The F40 was launched in 1987 at the Civic Centre in Maranello, Italy. The Prancing Horse produced 1,311 F40s (Porsche made less than 350 959s) up until 1992, with a suggested retail price of $400,000, although some F40s reportedly sold for more than $1.6 million.
Dario Benuzzi, a Ferrari test driver who drove the first F40 prototypes, told Forbes on the 30th anniversary of the car’s debut in 2017: “With no power steering, power brakes or electronic devices, it demands the skill and commitment of the driver but generously repays it with a unique driving experience. Steering precision, road holding, braking power and intensity of acceleration reached unmatched levels for a road car.”