Is This $700,000 Ferrari 16M Scuderia Spider Really Worth More?

The Ferrari 16M Scuderia Spider is one of the Italian brand’s finest V8-powered supercars, built to celebrate its 16th and most recent Formula One championship. Only 499 were produced, so it’s no surprise that its value has soared in recent years. It’s been a few years, but is it really worth $700,000?

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Dubai-based dealer F1rst Motors has put this 16M Scuderia Spider up for sale with an asking price of AED 2,549,999, which equates to around $694,000 at current exchange rates. That makes it more than $100,000 more than the new Ferrari SF90 Stradale, which is more modern and undoubtedly faster thanks to its 986-horsepower hybrid system.

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A search of sales of other original works at public auctions in recent years shows prices have risen significantly over the past few years. In January, RM Sotheby’s sold a car with more than 22,000 kilometers (approximately 13,600 miles) for €421,250 (approximately $469,000), which for such a car is already That’s quite a lot.

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The listing for this Dubai car makes no mention of how many miles it has traveled. This is a shame as this is one of the most important factors in determining the value of a precious exotic like this. We’ve reached out to the dealer to ask for more details, including the Ferrari’s ownership history.

Visually, the black paint looks great, contrasting beautifully with the yellow brake calipers, the Ferrari shield on the front quarter panels, and the subtle silver racing stripe down the center of the car. The interior doesn’t have any fancy colors or trim, consisting mostly of black Alcantara areas, glossy carbon fiber, and plenty of physical buttons and switches.

Like all other Ferrari 16Ms, power comes from a 4.3-liter naturally aspirated V8 engine with 510 hp and 347 lb-ft (470 Nm) of torque. The sound of this V8 is unlike any modern Ferrari engine, but is that enough to justify the asking price? We’ll let you decide.

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