It may be nearly half a century old, but this rare Ferrari 400 Superamerica Cabriolet Pininfarina is appreciating quite nicely with age. So well that when it goes under the hammer in Monaco in May, keen judges are expecting the 1962 supercar could fetch in excess of US$5 million. With CES top of mind right now, one wonders how many products on the showroom floor this year will appreciate in value over the next 50 years.

Just six short-wheelbase Ferrari 400 Superamerica Cabriolets were produced by Pininfarina and this particular example graced both the Geneva and New York International Motor Shows as Ferrari’s own display car. The last one built, it is also the only one of the six to sport covered headlights, further adding to its rarity.

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This particular car has been fully restored and was an award winner at the 2009 Pebble Beach concourse. It will be delivered with full documentation from new, with its original tools and books.

Powered by a 3.0 litre V12 engine producing 240 bhp, the Ferrari 400 Superamerica Cabriolet is one of small number of cars built for the legendary Italian car maker’s most exclusive clientel.

The Sporting Classics of Monaco auction will take place on 1 May 2010 in the Grimaldi Forum in Monaco and is organized by RM Auctions.

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