--- title: Market · HICONIUM description: "The HICON Price — the master index, the documented sales ledger beneath it, and the method in the open. Every figure indicative until researched." canonical_url: https://hiconium.com/market image: https://hiconium.com/og/default.png --- > HICONIUM · Index: https://hiconium.com/llms.txt · Every page: append `.md` or send `Accept: text/markdown`. > Path: [Home](https://hiconium.com/) › Market > On this page: [The public record](#market-terminal-title) · [The analytics desk](#analytics-desk-title) · [The results browser](#results-browser-title) · [What each model is worth — in total](#what-each-model-is-worth--in-total) · [Every price stands on a ledger](#every-price-stands-on-a-ledger) · [Prices that can be defended](#prices-that-can-be-defended) ![A covered car on the block at an evening auction](https://hiconium.com/_derived/images/market/market-hero-v1.jpg.w1920.q75.webp) The market terminal # The market, on the record Index levels, observed auction results, indicative model values and the documented F40 sales beneath them. The HICON Price is revealed on September 13. | Label | Value | | --- | --- | | Models on file | 219 | | Documented F40 sales | 26 | | Results since | 1989 | ## The public record Aguttes + Anglia Car Auctions + Artcurial + Aste Bolaffi + Auctionata Paddle8 + BINGO + Barons Manor Park Classics + Barrett-Jackson + Bonhams + Boule + Brightwells + Broad Arrow Auctions + Christie's + Classicbid + Collector cars auction (CCA) + Coys + Donington Auctions + Dore & Rees + Dorotheum + Duke's + Finarte + Gooding Christie's + H&H Classics + Historics + Iconic Auctioneers + Kruse Auctions + Manor Park Classics + Mathewsons + Mecum + Mercier + Monaco Car Auctions + Monaco Legend Auctions + Mossgreen + Oldtimer Galerie + Osenat + Pandolfini + RM Sotheby's + Rand Luxury + Richard Edmonds + Shannons + Sotheby's + Tennants + Webb's + Worldwide Auctioneers + Bonhams + Gooding & Company · auction lots · 2003–2026-07-25 40,882 lots · 30,201 completed sales. USD figures use yearly ECB average rates and retain each source’s stated basis: hammer or premium-inclusive. Asking prices and no-sales never enter volume or medians. The HICON Price is revealed on September 13. Completed-sale volume · USD · through 2026-07-25 2003–2026 Sell-through · completed / offered · through 2026-07-25 2003–2026 Completed-sale medians · exact yearly anchors · modeled weekly between anchors · mixed price basis · USD, log scale · years with ≥3 lots Highest recorded results | Year | Lot | House | Result · USD | | --- | --- | --- | --- | | 2022 | 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé | RM Sotheby's | USD 141,844,500 incl. premium | | 2023 | 1962 Ferrari 330 LM/250 GTO | RM Sotheby's | USD 51,705,000 incl. premium | | 2018 | 1962 Ferrari 250 GTO (£37.68M/€42.57M) | RM Sotheby's | USD 48,405,000 incl. premium | | 2025 | 1964 Ferrari 250 LM | RM Sotheby's | USD 39,337,664 incl. premium | | 2026 | 1962 Ferrari 250 GTO | Mecum | USD 38,500,000 incl. premium | | 2014 | The Ex-Jo Schlesser/Henri Oreiller, Paolo Colombo, Ernesto Prinoth, Fabrizio Violati 1962-63 FERRARI 250 GTO BERLINETTA Chassis no. 3851GT Engine no. 3851GT | Bonhams | USD 34,650,000 hammer | | 2023 | 1967 Ferrari 412P Berlinetta Chassis no. 0854 Engine no. 0854 | Bonhams | USD 27,500,000 hammer | | 2013 | The Ex-Juan Manuel Fangio, Hans Herrmann, Karl Kling, German and Swiss Grand Prix Winning,1954 Mercedes-Benz W196R Formula 1 Racing Single-Seater Chassis no. 196 010 00006/54 | Bonhams | USD 27,354,250 hammer | | 2014 | 1964 Ferrari 275 GTB/C Speciale (£15.81M/€19.70M) | RM Sotheby's | USD 26,400,000 incl. premium | | 2025 | 2025 Ferrari Daytona SP3 'Tailor Made' | RM Sotheby's | USD 26,000,000 incl. premium | ## The analytics desk Lot-level corpus · 36,853 lots · USD at yearly ECB averages Results vs estimate band · 26,688 completed sales with a published band -15% median result against the estimate midpoint — the market pays under the ask Below estimate 52% Within band 30% Above estimate 18% Season composition · price basis and no-sales 2003–2026 Hammer Incl. premium No sale Volume concentration · share carried by the top lots 2003–2026 Season heatmap · dated lots only (35,912) hover or arrow-key a cell J F M A M J J A S O N D 05 10 15 20 25 √-scaled shading · 941 undated lots excluded House desk · share of the observed corpus, not the world market | House | Lots | Sold | Sell-through | Volume | Within est. | | --- | --- | --- | --- | --- | --- | | Bonhams | 33,403 | 24,613 | 74% | USD 3,064,311,684 | 30% | | Broad Arrow | 941 | 717 | 76% | USD 327,450,156 | — | | Gooding & Company | 2,509 | 2,174 | 87% | USD 1,163,628,121 | 31% | Marque desk · mapped lots only (52% of the corpus) · ≥50 lots Swipe sideways for every column → | Manufacturer | Lots | Sell-through | Median sale | Volume | Last sale | | --- | --- | --- | --- | --- | --- | | Ferrari | 2,105 | 70% | USD 190,200 | USD 944,372,332 | 2026-05-31 | | Porsche | 2,213 | 71% | USD 128,900 | USD 415,572,589 | 2026-05-31 | | Mercedes-Benz | 2,058 | 75% | USD 72,952 | USD 404,321,907 | 2026-06-13 | | Aston Martin | 2,117 | 76% | USD 129,786 | USD 373,392,008 | 2026-05-31 | | Bugatti | 308 | 71% | USD 385,069 | USD 236,206,028 | 2026-05-03 | | Jaguar | 2,315 | 73% | USD 64,130 | USD 210,719,848 | 2026-05-31 | | Bentley | 1,335 | 72% | USD 68,695 | USD 159,902,351 | 2026-05-31 | | Rolls-Royce | 1,794 | 73% | USD 45,793 | USD 133,297,075 | 2026-06-13 | | Lamborghini | 353 | 71% | USD 221,634 | USD 122,761,524 | 2026-04-24 | | Alfa Romeo | 767 | 70% | USD 64,679 | USD 121,646,091 | 2026-05-31 | | Ford | 1,758 | 77% | USD 24,394 | USD 93,194,956 | 2026-06-13 | | Maserati | 496 | 74% | USD 112,797 | USD 83,350,346 | 2026-04-24 | | BMW | 643 | 73% | USD 53,351 | USD 74,742,298 | 2026-05-31 | | McLaren | 89 | 62% | USD 290,000 | USD 71,684,589 | 2026-05-03 | | Lancia | 473 | 64% | USD 73,878 | USD 47,298,517 | 2026-04-24 | | Duesenberg | 57 | 70% | USD 405,000 | USD 37,810,938 | 2026-06-13 | | Shelby | 178 | 69% | USD 115,000 | USD 33,954,995 | 2026-03-05 | | Toyota | 94 | 90% | USD 41,000 | USD 7,474,806 | 2026-01-30 | ## The results browser 36,853 lots · 27,504 completed sales · incl. Broad Arrow — the aggregate instruments above read the two-house index 2026 · 912 lots · 770 sold · USD 316,529,363 volume Search title, chassis or lot 0 lots in view · USD at yearly ECB averages The master index ## What each model is worth — in total Units × average value = model market cap. The two lenses disagree on purpose: the most valuable model on earth is not the most expensive car. Tier 1 · over USD 1,000,000 · indicative USD [№ 01 F40 1987–1992 · The reference file — #1 by total model market cap USD 3,350,000,000 1,315 built × USD 2,550,000 avg Open the file](https://hiconium.com/vehicles/ferrari/f40) [02 300 SL Roadster 1957–1963 Open the file The most liquid car in the top tier 1,858 built × USD 1,520,000 avg USD 2,820,000,000](https://hiconium.com/vehicles/mercedesbenz/300-sl-roadster) [03 275 GTB / GTB/4 1964–1968 Open the file Blue-chip classic Ferrari 950 built × USD 2,800,000 avg USD 2,660,000,000](https://hiconium.com/vehicles/ferrari/275-gtb-4) [04 812 Competizione 2021–2022 Open the file The last naturally aspirated V12 halo 1,599 built × USD 1,620,000 avg USD 2,580,000,000](https://hiconium.com/vehicles/ferrari/812-competizione) [05 300 SL Gullwing 1954–1957 Open the file The post-war design icon 1,400 built × USD 1,770,000 avg USD 2,480,000,000](https://hiconium.com/vehicles/mercedesbenz/300-sl-coupe-gullwing) [06 LaFerrari 2013–2018 Open the file Big Five — coupé and Aperta 710 built × USD 3,400,000 avg USD 2,410,000,000](https://hiconium.com/vehicles/ferrari/laferrari) [07 Countach 1974–1990 Open the file The poster supercar 1,983 built × USD 1,150,000 avg USD 2,290,000,000](https://hiconium.com/vehicles/lamborghini/countach) [08 F1 1992–1998 Open the file The analog-era king 106 built × USD 20,500,000 avg USD 2,170,000,000](https://hiconium.com/vehicles/mclaren/f1) [09 Carrera GT 2004–2006 Open the file The last analog supercar 1,270 built × USD 1,520,000 avg USD 1,930,000,000](https://hiconium.com/vehicles/porsche/carrera-gt) [10 250 GTO 1962–1964 Open the file The prestige apex — highest per-car value in series production 36 built × USD 51,700,000 avg USD 1,860,000,000](https://hiconium.com/vehicles/ferrari/250-gto) The ten together USD 24,550,000,000 Units × average value = model market cap. From the HICONIUM master list; every figure indicative, pending full research. The two lenses disagree on purpose — the most valuable model on earth is not the most expensive car. The record ## Every price stands on a ledger The reference file in public: thirty-seven years of documented F40 results and an indicative survival view pending a chassis census. This is the standard each model file is being brought to. Ferrari F40 · documented results As recorded - 2026 F40 1991 · 87345 (320 mi, ex-Iacocca) RM Sotheby's Monterey — Road-car record USD 8,365,000 - 2026 F40 · 87568 Mecum Indy USD 5,170,000 - 2026 F40 · 84105 Broad Arrow Villa d'Este EUR 2,931,250 - 2026 F40 1989 · 83620 (1 799 km) RM Sotheby's Monaco EUR 4,336,250 - 2026 F40 · 87219 Broad Arrow Amelia Island USD 3,800,000 - 2026 F40 1992 RM Sotheby's Miami USD 5,230,000 - 2026 F40 1992 · 91211 (865 mi) Mecum Kissimmee USD 5,830,000 - 2026 F40 1992 · 93607 (458 mi) Mecum Kissimmee — Then road-car record USD 6,600,000 - 2025 F40 · 90667 Bonhams Zoute EUR 2,645,000 26 results on file, 1989 to 2026 · some bubble-era figures indicative [The full ledger, in the file](https://hiconium.com/vehicles/ferrari/f40) 1’311 built. Fewer remain. One dot per car. The dark ones are the crashes, the fires, the parts donors — the reason a documented survivor is never just another F40. 1’270 on file 41 believed lost · indicative, pending the census The method ## Prices that can be defended Observations Documented results only Public auction results, recorded private sales and verified asking prices, each dated, sourced and currency-normalised before it may touch a price. The spectrum A range, not a point Where the record is sufficient, a model file may show a range over comparable sales — with its basis stated. Confidence Signalled, never implied Thin ledgers make wide spectra. Where the record is sparse the figure says so, and the file shows exactly which sales carry it. Every figure indicative, pending full research — the ledger says which. The model index Every documented model as one ledger — A–Z, by era, by country. [Open the index](https://hiconium.com/models) The season The auctions and concours whose results feed this ledger, dated from the organisers. [The auction calendar](https://hiconium.com/events?kind=auction) The standards The verification rules that decide what may touch a number, in the open. [How we verify](https://hiconium.com/standards#verification)