512 TR / F512 M
The flat-twelve closes
The 512 TR sharpens the Testarossa's powertrain; the F512 M adds titanium connecting rods, fixed lamps and a 440 cv tune. They share a platform but not a market: 2'261 TRs against 501 Ms; some references cite 2'280 TRs.
Market value · road
$238K–$530K
Typical $283K · 38 sales · +73% vs ’20–’21
Market value · road
$238K–$530K
Typical $283K · 38 sales · +73% vs ’20–’21
- Power
- 428 / 440 cv (512 TR / F512 M)
- Top speed
- 314 / 315 km/h (factory figures)
- Transmission
- 5-speed (manual)
- Engine
- 4.9L flat-12 (mid-mounted)
- Built
- 2'261 / 501 (TR / M · 2'280 also cited)
Market & Price
The price and the proof
A terminal for one car: the model curve over the documented record, the benchmarks it is measured against, and the instruments that read it.
Records: 44 documented road sales on file · 2011–2026; estimate band $238K–$530K · good road cars. recorded sale prices · mixed hammer and premium-inclusive basis.
Compound annual growth
| Window | This car* | S&P 500 | Gold |
|---|---|---|---|
| 1Y | -34.9% | +18.8% | +21.9% |
| 5Y | +4.8% | +11.4% | +17.6% |
| 10Y | +4.2% | +13.3% | +11.8% |
*Modeled price CAGR · S&P is a price index, no dividends
Deepest drawdown · model window
Forecast ladder · model quantiles
| Horizon | P10 | P50 | P90 |
|---|---|---|---|
| +6M | $237K | $288K | $349K |
| +12M | $224K | $293K | $382K |
| +24M | $208K | $303K | $442K |
Median path with the 10th and 90th percentile · not investment advice
44 of 44 recorded sales · shown in USD · recorded currency in each record
Floor
$238K
Typical
$283K
Ceiling
$530K
Estimate band for good road cars. 38 documented sales since 2019 plotted below.
Band and axis shown in USD. Sale positions use indicative fixed-rate conversion to USD; sale readouts retain recorded currencies.
Instrument calibration for this file is in progress — the terminal above reads the documented record directly.
Figures trace to documented public sales and published guides; extrapolated tiers are marked. The model curve is synthetic between documented sales. Nothing here is investment advice.
Overview
Two revisions carried the 1984 Testarossa architecture through 1996.
The 512 TR arrived in 1991 with a lower powertrain, stronger structure, revised cabin, larger brakes and 428 cv. RM Sotheby's catalogues cite both 2'261 and 2'280 cars; this dossier uses the lower documented figure.
The F512 M followed in 1994 with fixed lamps, round tail lights and internal engine changes for 440 cv. Production ended at 501, closing Ferrari's mid-engined flat-12 road-car line.
- 512 TR
- 2'261 built
- F512 M
- 501 built
- Final year
- 1996
- Successor
- 550 Maranello
Reference
Technical specifications
512 TR
- Engine
- 4'943 cc flat-12
- Power
- 428 cvFerrari published figure
- Powertrain position
- 30 mm lowerversus Testarossa
- Production
- 2'261RM Sotheby's also publishes 2'280 in other catalogues
F512 M
- Engine
- 4'943 cc flat-12
- Power
- 440 cvFerrari published figure
- Engine changes
- Titanium connecting rods · higher compression
- Body marker
- Fixed headlamps · four round rear lamps
- Production
- 501global total; 75 US cars
HICON BID
Buying interest, silently.
A HICON Bid is a confidential expression of buying interest on the Ferrari 512 TR / F512 M file — never public, never shown to other members. It is not a binding purchase, and HICONIUM holds no funds.
HICON Bids are a member instrument. Sign in to place one.
The vault
Open a file on yours.
You keep one? The record starts in your garage — identity, papers, photography, and the market evidence this file already carries, bound to your chassis.
The value drivers
What moves the price
Two F40s can be indistinguishable in a photograph and a million apart at the hammer: the difference is never in the paint. Build the file below and watch the band move.
Indicative band · the base car
$238K–$530K
a good, honest road car — before its file is read
Spans are indicative, drawn from the documented sales cited beside each attribute. The calibrated multipliers — and how they compound for one specific chassis — are member instruments.
The variants
One badge, 2 executions
The register separates the 512 TR / F512 M into its documented executions. One reference silhouette per execution — each opens as its own file as the archive fills.
512 TR012 executions on file · references drawn to the house standard
The cars
The 512 TR / F512 M register
Documented individual cars — chassis, colour, ownership and sale history. Open one for its full provenance. Public records only; members see the complete registry.
18 documented · public records