What changed hands?
Michael Jordan's Ferrari 550 Maranello. 43 bids. Estimated at $800,000-$1,300,000. Most expensive 550 Maranello ever sold at auction. Returned to Chicago 29 years to the day after delivery to Jordan.
Jordan's Ferrari returns to Chicago
Michael Jordan's personal 1997 Ferrari 550 Maranello was delivered to him in Chicago in 1997. The car returned to the city 29 years to the day after its original delivery, selling at a JOOPITER auction held in Chicago. The timing was noted by the auction house as a coincidence that added to the car's narrative appeal.
Four times the previous record
The $2.7 million result quadrupled the previous auction record for a Ferrari 550 Maranello. The car received 43 bids and had been estimated at $800,000-$1,300,000. The Jordan provenance — documented ownership by one of the most famous athletes in history — was the primary driver of the price, transforming a production car into a singular market object.
Read the number carefully
An auction result captures a particular object, a particular sale and the buyers competing on that occasion. It does not establish the value of every similar object, or what this one would sell for today.
Our selection keeps historical results separate from asking prices and estimates. Where the cited report does not break out fees, we say so rather than inventing a hammer price.
Sale documentation: Car Revs Daily — Jordan Ferrari 550 record ↗
What does “source reviewed” mean?
We checked the published report against the amount and object listed here. That does not independently authenticate the object or confirm settlement of the transaction.