A Rare Chance for Ferrari Aficionados to Own a Classic Model With Virtually No Miles
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A Rare Chance for Ferrari Aficionados to Own a Classic Model With Virtually No Miles

By Jim Motavalli
Wed, Oct 11, 2023 7:54amGrey Clock 3 min

If you like your Ferrari purchases to have only delivery miles on them, this sale might be for you.

What RM Sotheby’s is calling the Factory Fresh Collection includes 17 Ferraris, many barely driven, as well as a rare Jaguar XJ220 supercar, a highly desirable E-Type roadster, and a Bentley Turbo R Drophead Coupé. The auction takes place at Marlborough House in London on Nov. 4, coinciding with the famous London to Brighton run for pre-1905 veteran cars the next day.

Pride of the Factory Fresh collection is this 1994 Ferrari 512 TR Spider with just 570 kilometers recorded.
OneSavage/sgcarshoot, courtesy of RM Sotheby’s

The star of the collection is probably the 1994 Ferrari 512 TR Spider, just one of three built that year, and the only one in its combination of Blu Cobalto paint and Blu Scuro Connolly leather interior. The odometer shows just 570 kilometres (354 miles). In keeping with the as-delivered theme, the car comes with its service book, technical manual, and a spare key. Provided it’s been serviced for the road, the owner will in effect be getting a new car. The estimate is £2.1 million to £2.7 million (US$2.56 million to US$3.3 million).

“This a truly remarkable collection,” Peter Haynes, RM Sotheby’s marketing and communications director for Europe, the Middle East, and Africa (EMEA), tells Penta. “There are some very rare cars in their own right, but the standout feature across the majority of the cars is the very low mileage—barely driven in some cases. My personal highlights include the 1994 Ferrari 512 TR Spyder which is one of just three in existence, in addition to the 1992 Ferrari Mondial T, which reads a hardly believable one kilometre on the odometer.”There are two other 512 TRs in the collection, a 1992 (also blue) and a second 1992 in U.K. specification (right-hand drive) with only 3,904 miles recorded. The first of these has a high estimate of £275,000 and the second £320,000.

The 1990 Ferrari Testarossa has just 161 kilometres on the odometer.
Courtesy of RM Sotheby’s

The 1990 Ferrari Testarossa has a surreal 160 kilometres, and is one of just 438 built in right-hand drive. The high estimate is £200,000. The 2001 Ferrari 550 Barchetta Pininfarina (high estimate £350,000) was one of 48 built with drive on the right side, and has traveled only 220 kilometers. One of the two 2008 599 GTB Fioranos has covered only 267 kilometers—making it one of the lowest-mileage in existence. Its high estimate is £180,000.

The Bentley Turbo R Drophead is a performance-oriented convertible.
Robert Cooper, courtesy of RM Sotheby’s

Other Ferraris in the collection with their recorded mileage: 1994 Mondial T Coupé (one kilometre); 1992 348 TS (130 kilometres); a second 1992 348 TS (179 kilometres); 2007 F430 (104 kilometres); 1994 348 GTB (181 kilometres); 1983 400i (2,743 miles). A highly admired earlier Ferrari is a numbers-matching 1973 Dino 246 GTS by Scaglietti. Its high estimate is £450,000.

The 1993 Jaguar XJ200 two-seater is one of very few built.
(sgcarshoot, courtesy of RM Sotheby’s)

Non-Ferraris include a very rare 1993 Jaguar XJ220, one of 282 produced. In keeping with the sale, it shows only 46 miles on the odometer. It’s been recently recommissioned for spirited driving, and is high-estimated at £425,000. A 1969 Jaguar Series 2 E-Type Roadster is also being auctioned, as is a 1991 Bentley Turbo R Drophead Coupé. The Bentley convertible, which is just out of extensive refurbishment by London specialist P&A Wood, has a high estimate of £475,000.

Buyers have the choice of keeping these cars in the garage—and preserving their low-mileage status—or forgetting about all that and driving them with alacrity.



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A wave of corporate warnings and technical disclosures has flooded the media, with headlines worrying over “swarms” of rogue artificial-intelligence agents launching “unprecedented” cyberattacks, outsmarting their makers, and inching toward a terrifying autonomy. The most revealing part of this narrative isn’t what the software did. It’s who is telling the story—and why. When corporate leaders publicly insist that the systems they financed, engineered and deployed are suddenly beyond their power to contain, skepticism isn’t only healthy; it is essential.

For years, Silicon Valley has drawn scrutiny from civil society and global regulators over tangible harms such as youth mental health deterioration and systematic privacy violations. Today, industry figures seem to be trying to change that public image. Loudly blowing the whistle on their own systems—just as two of the leading companies were preparing for massive initial public offerings—lets AI executives position themselves as a new generation of leaders who have come to terms with their societal responsibilities. They seem to want us to believe that they no longer want to “move fast and break things” but will instead stand as vigilant guardians between humanity and a technological apocalypse.

There is one glaring problem: Software doesn’t rebel. A mathematical model possesses neither intent, malice nor the will to defy its creators, let alone extinguish our species. AI is a human artifact, engineered for profit.

When an agentic model in an evaluation sandbox connects to an unauthorized server or executes an exploit, it hasn’t staged a coup. It has tried to meet the human-defined objectives set out before it through a path its designers failed to constrain. It’s the digital equivalent of the King Midas myth, in which the king’s ill-defined wish turns even his food and drink into gold.

That powerful experimental models were able to discover novel vulnerabilities and breach external systems isn’t a sign of a dangerous superintelligence but of human error or negligence. There is no sentient actor lurking in the weights to be reasoned with, feared or pacified. There are only human software engineers, product managers and corporate boards deciding which guardrails are worth the latency cost and which permissions can be skipped in the race to market.

Policymakers and voters need to resist AI exceptionalism. In any other discipline—from civil engineering to pharmaceuticals—courts and regulators treat a system failure as evidence of bad product design and inadequate safety testing. If an aircraft crashes, we focus on finding the engineering defect, correcting it, and enforcing established liability standards for the damage created.

By leaning on an anthropomorphic narrative, Silicon Valley attempts to repackage its specific human choices that led to experimental, powerful models behaving unexpectedly during tests as an existential peril. Elevating the issue to a cosmic scale leaves the public paralyzed and takes ordinary product accountability off the table.

In the cutthroat race for venture capital and market dominance, building guardrails slows down deployment. Grandstanding about uncontrollable power costs nothing and generates billions of dollars in free publicity, justifying stock prices, all while cultivating an aura of technological capability not only to build the frontier but also ultimately to rein it in.

Governments need to recognize regulatory capture when it stares them in the face. Tech leaders’ strategy looks transparent: Alarm Washington and Brussels into creating a regime in which only trillion-dollar incumbents with fully staffed compliance and safety departments can legally operate. By sitting at the policymakers’ tables before anyone else, these companies can help draft rules digging an impassable moat protecting them from open-source developers and upstart competitors, domestic or international. The real danger is in further concentrating the tech industry into the hands of only a few companies with deep pockets.

Beijing and Washington have brushed off those tech leaders’ calls, albeit for very different reasons. Chinese state media dismissed them as part of the “Cold War playbook” and intended to preserve U.S. dominance. Xi Jinping argued for exactly the opposite at the Brics Summit on Sept. 12, calling on Brics countries to “strengthen cooperation in the field of AI, encourage open source, openness, collaboration and sharing, and break new grounds and scale new heights.” President Trump, steeped in a doctrine of unfettered capitalism and technological supremacy, called fears that AI could destroy humanity a “hoax.” Vice President JD Vance warned that AI companies “begging the government to regulate them” looked like a “Trojan Horse.”

Striving to pursue its “European way” on AI and assert regulatory leadership, Europe, by contrast, welcomed the call. European Union President Ursula von der Leyen made this clear at the State of the EU speech last Wednesday and announced that the EU will invite “the main frontier labs for a discussion on how we can support ongoing industry efforts to pace the frontier.”

Europe has been here before. In an effort to lead global regulation and react to fears borne from ChatGPT, Europe rushed its landmark AI Act into law in 2024. Already the world’s most restrictive rulebook, the framework quickly proved too broad and complex to enforce. Stalled by implementation delays and concerns about European competitiveness, the EU postponed the law’s full rollout, leaving regulations uncertain.

AI should be regulated—risks exist and should be taken seriously. But governments need to act based on available evidence and verified facts, not corporate PR panic, the views of industry insiders, or the desire for quick political wins. The greatest danger facing society isn’t that software will awaken and overthrow its human masters. It is that we will allow the creators of the software to abdicate human responsibility for the systems they choose to build and help them pull up the ladder to market access behind them.

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