Michael Jordan's Ferrari 550 Maranello Goes for $2.7 Million, More Than Double Its Top Estimate

A Ferrari 550 Maranello that once belonged to Michael Jordan has found a new owner at $2.7 million, the highest price on record. The forecast had put its ceiling at $1.3 million. The final figure beat that by $1.4 million, which is more than the top estimate itself. Down here we read a number like that three ways. Miami sees a car and a name, which is reason enough. Palm Beach sees provenance and nods as if it expected nothing less. Naples asks about the paperwork and then quietly agrees that $2.7 million is a fair figure. Every part of the coast agrees that this result was earned. A Ferrari carrying Michael Jordan's name went to market, and it went for far more than anyone had predicted.

With reporting from Robb Report.