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Cars / Ferrari / Testarossa F512 MLive
1994 Ferrari Testarossa F512 M

✦ Shifty Estimate

$535,500

Medium confidence$427K to $616K
12 months median
$458K
Market cap
$268.3M · 501 built
Sales, 12 months
2
Original MSRP
$220,000 · ▲ 143% since

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1994 Ferrari Testarossa F512 M

1994 to 1996 · Coupe · 501 built

Price history

$400k$600k$800kAug 20182020202120222023202420252026✦ SHIFTY ESTIMATE TODAY $536k
Sold Bid, not sold
24 sales · 3 unsoldmedian $458kupdated Jun 2026

Specifications

Engine
Flat-12, 4.9L
Power
440 hp
Torque
369 lb-ft
0 to 60
4.7s
Top speed
196 mph
Transmission
Manual
Drivetrain
RWD
Curb weight
3,527 lb
Production
501 units
Original MSRP
$220,000
Designer
Pininfarina

Common questions

How much does a Ferrari Testarossa F512 M cost?

A 1994 Ferrari Testarossa F512 M cost $220,000 new. Over the past 12 months, 2 have sold publicly at a median of $458,000. The Shifty Estimate for a well-kept example is $535,500. Cars have changed hands anywhere from $427,000 to $615,825, depending on mileage, color, and history.

What is a 1994 Ferrari Testarossa F512 M worth today?

The Shifty Estimate is $535,500. That sits above the $458,000 median of actual sales because the median counts every car that sold, including high-mileage examples, while the estimate describes a clean, low-mileage one bought today. We rate confidence medium: 2 public sales in a year is a thin market, and the spread between them is wide.

Is a Ferrari Testarossa F512 M a good investment?

It has appreciated 143% against its $220,000 list price. Only 501 were built. The caution is spread, not direction: across the sales we have on file, prices ran from $223,500 to $912,500, and mileage explains most of that.

What has a Ferrari Testarossa F512 M sold for at auction?

The 3 most recent public sales we have on file:

  • $375,000Jun 8, 2026Red · 17,000 mi
  • $541,000Sep 10, 2025Red · 34,000 mi
  • $912,500Aug 16, 2025Giallo Modena (102)

The F512 M represents the ultimate evolution of Ferrari's flat-12 lineage, with just 501 examples marking the end of an era. Producing 440 horsepower, it was the most powerful and refined of the Testarossa family, featuring exposed headlights, a redesigned nose, and improved aerodynamics. The 'M' designation honored Ferrari's return to Formula 1 glory, while Pininfarina's subtle styling updates created a more aggressive, purposeful appearance. At $220,000 new, it was expensive even by Ferrari standards, but that exclusivity now drives its collectibility. The F512 M represents the last naturally aspirated flat-12 Ferrari, making it a significant milestone car. With production numbers rivaling modern limited editions, clean examples command serious money as collectors recognize this as the final chapter of one of Ferrari's greatest engine architectures.