Misallocation

1979 Ferrari 400 GT

Sold at Mecum Auctions on May 18, 2024, offered with no reserve.

$41,800Confirmed

The price as reported by the house. Hammer price $38,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1979
Make and model
Ferrari 400 and 412
Generation
400, 400i and 412
Gearbox
Automatic
Chassis
27243
Condition
Excellent (2)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Below the middle half of 24 comparable sales, 23% under its bottom.

Middle half of sales$46,625 to $111,250
Median$64,750
Sales behind it24Likely

From 24 sales of the Ferrari 400 and 412 400, 400i and 412 in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $46,625 and $111,250.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1979 Ferrari 400i AutomaticBring a Trailer, July 2, 2025Bring a TrailerJuly 2, 2025$48,999
1979 Ferrari 400 Automatic i ProjectBring a Trailer, May 23, 2025Bring a TrailerMay 23, 2025$23,750
512BB-Powered Ferrari 412P Re-Creation by Norwood AutocraftBring a Trailer, Oct. 27, 2026Bring a TrailerOct. 27, 2026$340,000
1979 Ferrari 400 GTBroad Arrow, Oct. 2, 2026Broad ArrowOct. 2, 2026$97,500
30-Years-Owned Euro 1980 Ferrari 400i ProjectBring a Trailer, Aug. 20, 2025Bring a TrailerAug. 20, 2025$24,000
1982 Ferrari 400iBring a Trailer, Oct. 6, 2026Bring a TrailerOct. 6, 2026$60,500
1982 Ferrari 400i AutomaticBring a Trailer, June 2, 2026Bring a TrailerJune 2, 2026$101,010
1977 Ferrari 400 GTBring a Trailer, May 1, 2026Bring a TrailerMay 1, 2026$62,000