---
title: Ferrari F12 TRS · HICONIUM
description: "The F12 TRS removes the roof and windscreen header from the F12berlinetta, leaving its V12 beneath a bonnet window. Ferrari calls it a One-Off; two executions are reported for the same client, with no documented public sale."
canonical_url: https://hiconium.dev/vehicles/ferrari/f12-trs
image: https://hiconium.dev/og/vehicle/ferrari/f12-trs.png
---

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> On this page: [The price and the proof](#the-price-and-the-proof) · [Model readouts](#model-readouts) · [Documented sales](#documented-sales) · [Overview](#overview-heading) · [Technical specifications](#technical-specifications) · [Known configuration](#known-configuration) · [The people behind the car](#the-people-behind-the-car) · [Flavio Manzoni](#flavio-manzoni) · [Member instruments](#member-instruments)

![A red Ferrari F12 TRS barchetta, front three-quarter view on a silver field with wind-stream light](https://hiconium.dev/images/cars/ferrari-f12-trs/hero-wide-2560.jpg)

# F12 TRS

A roofless F12

The F12 TRS removes the roof and windscreen header from the F12berlinetta, leaving its V12 beneath a bonnet window. Ferrari calls it a One-Off; two executions are reported for the same client, with no documented public sale.

2014 · 2 executions reportedly built · Maranello

## The price and the proof

Indicative road-car band $3M–$5M. Modeled values are not observed sales. Nothing here is investment advice.

Confidence: estimate. No documented public sale was found. The range rests on the database reference value and comparable Ferrari Special Projects commissions; a private transaction could fall outside it.

Indicative only; no observable public market.

Valuation method and source rules: [HICONIUM standards](https://hiconium.dev/standards). Observed auction results across the wider market: [Market terminal](https://hiconium.dev/market).

### Model readouts

Synthetic model · insufficient ledger. model v1 · seed ferrari-f12-trs. Compound annual growth is modeled price CAGR; S&P 500 is a price index without dividends. Forecast quantiles are not investment advice.

| Window | This car* | S&P 500 | Gold |
| --- | --- | --- | --- |
| 1Y | +6.5% | +18.8% | +21.9% |
| 5Y | +4.4% | +11.4% | +17.6% |
| 10Y | +4.3% | +13.3% | +11.8% |

| Series | Deepest drawdown | Window |
| --- | --- | --- |
| This car* | -6.3% | Nov 2021 → Oct 2022 · recovered Dec 2023 |
| S&P 500 | -20.3% | Dec 2021 → Oct 2022 · recovered Dec 2023 |
| Gold | -18.9% | Feb 2026 → Jul 2026 · not recovered |

| Horizon | P10 | P50 | P90 |
| --- | --- | --- | --- |
| +6M | $3'639'598 | $3'967'293 | $4'324'493 |
| +12M | $3'650'691 | $4'063'899 | $4'523'876 |
| +24M | $3'678'332 | $4'264'226 | $4'943'442 |

### Documented sales

Every public sale on this file, newest first. Amounts keep the recorded currency. Source links appear only when the catalog stores a public auction-lot URL.

## Overview

| Highlight | Detail |
| --- | --- |
| The engine is on display | A clear panel in the bonnet exposes the red cam covers. The device is literal: TRS refers back to Testa Rossa, not a new powertrain. |
| Count the cars carefully | Ferrari's programme language calls the F12 TRS a One-Off. Two differently finished physical cars are widely reported for one client; public factory material does not settle the production wording. |

| Label | Value |
| --- | --- |
| Basis | F12berlinetta |
| Engine | Front-mid V12 |
| Design | Ferrari Design Centre |
| Debut | 2014 Cavalcade |
| Public sales | None documented |

## Technical specifications

### Known configuration

| Label | Value | Note |
| --- | --- | --- |
| Platform | F12berlinetta | Ferrari's own description |
| Engine | 6.3-litre naturally aspirated V12 | standard F12berlinetta powertrain is generally reported |
| Output | 740 CV | basis-car factory figure; Ferrari has not published a separate TRS specification sheet |
| Body | Open two-seat barchetta |  |
| Reference | 1957 250 Testa Rossa | stated by Ferrari |

## The people behind the car

### [Flavio Manzoni](https://hiconium.dev/people/flavio-manzoni)

Design director · Ferrari Design Centre

![Portrait of Flavio Manzoni](https://hiconium.dev/images/cars/ferrari-f12-trs/people/flavio-manzoni.jpg)

Led Ferrari's in-house design organisation during the F12 TRS Special Projects commission.

## Member instruments

A HICON Bid is a confidential expression of buying interest on this file. It is not a binding purchase, and HICONIUM holds no funds. [Sign in](https://hiconium.dev/sign-in) to place one. Garage files for an owned chassis are member records and are not listed here. [How membership works](https://hiconium.dev/membership).