---
title: Ferrari KC23 · HICONIUM
description: "KC23 wraps 488 GT3 Evo 2020 race hardware in a body with two states: closed and clean at rest, open for cooling and downforce on track. It is not road-homologated, and the single commission has no public market record."
canonical_url: https://hiconium.dev/vehicles/ferrari/kc23
image: https://hiconium.dev/og/vehicle/ferrari/kc23.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) · [Track architecture](#track-architecture) · [The people behind the car](#the-people-behind-the-car) · [Flavio Manzoni](#flavio-manzoni) · [Member instruments](#member-instruments)

![A gold metallic Ferrari KC23, front three-quarter view on a white field with soft gold light](https://hiconium.dev/images/cars/ferrari-kc23/hero-wide-2560.jpg)

# KC23

A GT3 without rules

KC23 wraps 488 GT3 Evo 2020 race hardware in a body with two states: closed and clean at rest, open for cooling and downforce on track. It is not road-homologated, and the single commission has no public market record.

2023 · 1 built · Maranello

## The price and the proof

Indicative road-car band $3M–$5M · typical $3.5M. Modeled values are not observed sales. Nothing here is investment advice.

Confidence: estimate. No public sale or commission price is documented. The estimate rests on the 488 GT3 Evo donor, one-off factory provenance and broad pricing of track-only Ferrari Special Projects cars.

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-kc23. 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 | $3'289'090 | $3'585'227 | $3'908'027 |
| +12M | $3'299'115 | $3'672'530 | $4'088'209 |
| +24M | $3'324'094 | $3'853'564 | $4'467'370 |

### 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.

Track-only status narrows the buyer pool and makes ordinary road-car comparables weak.

## Overview

| Highlight | Detail |
| --- | --- |
| Two body states | At rest, cooling openings close and the wing can be removed. Running form exposes the intakes and full aero package. |
| Race car underneath | Ferrari retained the engine, chassis and suspension logic of the 488 GT3 Evo 2020 rather than adapting a road car. |

| Label | Value |
| --- | --- |
| Built | 1 |
| Reveal | 2023 |
| Base | 488 GT3 Evo 2020 |
| Doors | Butterfly |

## Technical specifications

### Track architecture

| Label | Value | Note |
| --- | --- | --- |
| Chassis | 488 GT3 Evo 2020 |  |
| Engine | Twin-turbo V8 | competition specification; output not published for KC23 |
| Road approval | None |  |
| Rear wing | Removable |  |
| Air intakes | Motorised | close when the car is at rest |

## The people behind the car

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

Chief Design Officer · Ferrari Styling Centre

![Portrait of Flavio Manzoni](https://hiconium.dev/images/cars/ferrari-kc23/people/flavio-manzoni.jpg)

## 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).