Fast N’ Loud was one of the most popular automotive TV shows in America for several years. Fronted by Richard Rawlings, Dennis Collins and Aaron Kaufman, the show featured the team at Gas Monkey Garage take on some truly spectacular builds and restorations. One of which was a Ferrari F40, and this particular F40 needed reviving after it was sadly totaled in a car accident. Rawlings and the Gas Monkey team had a lot of work to do on the car for the show.
Updated January 2023: We've updated this article with the latest details on the most infamous Richard Rawlings Ferrari F40. This includes how much the F40 sold for on Fast N'Loud, and what it may be valued at today, now that the Ferrari F40 is worth much more.
Now as happens with a lot of cars from the show, they are then sold on to new owners who hopefully will look after them. However, this F40 had an interesting life after the TV show had finished its work with it. Bought by baseball star Reggie Jackson, it passed onto a new owner later on before it was somehow caught up in a conspiracy and fraud scandal that threatened to have the car erased off the face of the earth. Luckily though, that did not happen, and the car is very much alive and well today. This is what happened to the Gas Monkey Garage F40.
How The F40 Ended Up On Fast N’ Loud
The very special car featured on the TV show back in 2013, when it had a new lease of life. That lease of life was sadly needed after a mechanic was somehow able to steer it into a fence which not only ruined the front end of the car but badly damaged its chassis as well. Despite the fact the car was wrecked, purchasing the F40 did not come cheap. Collins, who at the time was Rawlings business partner, was able to buy the F40 for some $400,000. Remember, this car needed a lot of work done to it.
In total, Rawlings and his team would spend a grand sum of $695,000 on the car, with $295,000 of that being the build cost and the rest the cost of buying the car. It was a huge sum of money for the F40 but Rawlings and his team were happy that when it went off for auction, they made a profit on it. The car sold for $742,500 so profit was at least made on the build. The winning bid for the F40 went to baseball star Reggie Jackson, who looked after the car lovingly for a period.
What Happened To The Fast N'Loud F40?
Not long after that, the car switched hands again. This time, the F40 got sold to a Santa Monica parking lot operator, Richard Scott. He paid a bit less for the car at $643, 500, and you might think he had a good deal. However, things went awry for Scott soon after. Not because of the car, but because of himself. What happened was that the car ended up in a US Government warehouse after Scott had pleaded guilty to conspiracy and wire fraud charges in 2018. As such, the F40 was an asset that was amazingly seized.
Scott hadn’t just scammed a small amount of money though. He had scammed the US Department of Veterans Affairs out of a whopping $13 million. As you might imagine, the authorities were not too happy with him. The F40 was thus seized alongside other expensive cars he owned by the FBI. While there was a danger the car could simply be sadly scrapped, the authorities did recognize its value, and thus it went on to be a part of the Apple Towing Company’s US Marshals Auctions in California. And it nearly ended up back at Gas Monkey Garage. As we know, the Fast N'Loud show would be canceled later, because Rawlings wanted to branch out and do his own thing without the constraints of a big TV network.
The Richard Rawlings Black Ferrari F40 Is Sold Off Once Again
Along with a few Corvettes and other Ferraris that were part of Scott’s collection, the F40 went under the hammer once again. The battle for it was apparently quite intense, but it was eventually sold for $760,000. At least this time the car was not a write-off! Gas Monkey Garage actually did make an effort to buy the car back and have it return as part of Rawlings' car collection. Alas, it wasn’t to be, but the F40’s selling price made it the highest price ever paid for this particular car in a rather interesting life.
One Of Ferrari’s Most Iconic Supercars
It is no surprise that an F40 sold for such a large sum of money anyway. The F40 is often regarded as the finest supercar that Ferrari ever created. Powered by a twin-turbocharged V8 engine, the F40 could reach speeds just over 200 mph and with only 1,315 made over a five-year span, they are incredibly rare. Currently, the Ferrari F40 is worth well over $1 million. According to some sources, average prices hover around the $2 million mark, but it's not unusual to see an F40 worth even double that.
To see any smashed up is sad so at least Rawlings and his team were able to revive this particular example. Hopefully now the Ferrari has a much quieter and more fruitful life with its new owner!
Sources: The Supercar Blog, Apple Towing Company, Classic.com