Michael Jordan Ferrari Sold for Record $2.7 Million

A 1997 Ferrari 550 Maranello owned by the basketball icon fetched the record price at auction.

Updated on Oct. 11, 2026 in Performance Vehicles

Michael Jordan Ferrari Sold for Record $2.7 Million

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A 1997 Ferrari 550 Maranello previously owned by Michael Jordan sold at auction for $2.7 million. This final sale price shattered the previous record of $648,500 for the model.

Why it matters

The sale highlights how the provenance of celebrity-owned vehicles can significantly amplify collector interest and market valuations. This record-setting transaction is expected to influence general pricing trends for the Ferrari 550 Maranello.

The vehicle features a 5.5-liter V12 engine capable of accelerating from zero to 62 mph in 4.4 seconds. Ferrari produced a total of 3,083 units of the 550 coupe between 1996 and 2002.

The players

Michael Jordan

He is a former professional basketball player widely considered one of the greatest athletes in history.

Joopiter

This is an auction platform that facilitates the sale of high-value collectibles and luxury goods.

We Are Curated

This Miami-based dealership specializes in the acquisition and sale of exotic and vintage automobiles.

The details

The dealer We Are Curated located the vehicle prior to the auction conducted on the platform Joopiter. Michael Jordan owned the car from 1997 to 2002, during which time he put approximately 6,400 miles on the vehicle out of its current 18,501-mile total.

The Ferrari 550 Maranello was produced between 1996 and 2002.
Michael Jordan owned the vehicle from 1997 to 2002.
The previous auction record was set in August 2026.
The record-breaking auction sale occurred on September 30, 2026.

Roadmap

This transaction underscores the growing market influence of celebrity-linked provenance in the collector car space. Such sales often detach high-end vehicles from standard auction averages, setting new benchmarks for iconic models produced by manufacturers like Ferrari.

This sale may influence the expected market value for other Ferrari 550 Maranello units, which typically trade at much lower prices. Potential buyers should note that celebrity provenance can drastically shift auction outcomes compared to standard market averages.

The takeaway

Collectors interested in sports cars should monitor how provenance affects long-term asset appreciation for performance vehicles. The significant price gap between this specific sale and previous records serves as a reminder of how unique history can impact investment valuations.