Field notes · Cars · 7 November 2026
A 106-mile Ferrari sold for $18.7 million on a number no seller had to certify
Broad Arrow sold a 1997 Ferrari F50 showing 106 miles for $18,705,000 in Las Vegas on 31 October 2026, a record for the model. A 1997 car is exempt from the federal odometer disclosure, so the reading carried no signed certification at sale. The miles are proved by the paper around the car.
By BSJ Ventures on the Brich House platform
In brief
Broad Arrow Auctions published the results of its second Las Vegas sale on 2 November 2026. The single-day auction on 31 October took $92.8 million with 64 of 84 lots sold, a 76 percent sell-through, and the house counts it as the highest-grossing collector car auction held in Las Vegas. Registered bidders were up 63 percent on 2025 and 35 percent of them were bidding with Broad Arrow for the first time. Ten lots set world auction records for their models. The top lot was a 1997 Ferrari F50, chassis 107165, the 334th of 349 built, delivered new through Maranello Sales Ltd of Egham, Surrey, as one of about 25 F50s sold new in the UK. It showed 106 miles. It sold to a bidder in the room for $18,705,000 with premium, which autoevolution puts at a $17,000,000 hammer against an estimate of more than $20,000,000. The previous model record was $14,575,000, paid at Mecum Monterey on 15 August 2026 for a 1996 F50 showing about 4,500 miles. The second lot of the day was a 2025 Ferrari Daytona SP3 from its original owner, showing 81 miles, at $18,540,000. A 2003 Ferrari Enzo with 17,159 miles made $6,550,000, which Classic Car Auctions records as the lowest Enzo result of the year. On the same day, the mileage set the order of the prices.
A mile count is a claim about the past, and for this car no one was required to sign it. Federal rules in 49 CFR Part 580 make a seller write the odometer reading on the title and certify that it is the actual mileage, or state that it is not. Section 580.17 exempts a vehicle of model year 2010 or older once ten years have passed from 1 January of its model year. For a 1997 car that has been true since 2007. Broad Arrow's own releases give the chassis number, the delivery dealer and the factory accessories still with the car: the removable hardtop and its flight case, the Schedoni luggage, the tool kit and the covers. Motor1's reading of the catalogue, published 19 October, adds a first UK owner who kept the car stored and unregistered, a later export to a European collection, and belt and fluid service in recent years. The price was paid on that account, checked by the house, and on an odometer photograph. Elsewhere in the category, Classic Car Clubs counted 68 UK auctions and about £164 million of sales by 1 November 2026, with RM Sotheby's London sale on 31 October at £36.6 million by its own sum of the lots. On wine, Liv-ex reported on 2 November that Bordeaux took 41 percent of the week's traded value and that UK and US buyers cut their spend by more than 20 percent on the week before. On the money behind these sales, the Federal Reserve held its target range at 3.75 to 4 percent on 28 October 2026, with two members preferring a quarter-point rise. The 10-year Treasury yield was 4.86 percent on 6 November, US Treasury data show. The Bureau of Labor Statistics reported on 6 November that payrolls rose by 165,000 in October and unemployment stood at 4.1 percent.
What it turns on
- The record price went to the smallest number. The 106-mile F50 made $18,705,000. The previous record, set in August, was $14,575,000 for an F50 showing about 4,500 miles. The 17,159-mile Enzo made the lowest Enzo price of the year. In this sale the odometer ordered the results.
- Federal law stopped asking in 2007. Section 580.5 makes a seller write the reading on the title and certify it as actual mileage. Section 580.17 exempts a model year 2010 or older car ten years after 1 January of its model year. A 1997 F50 has been exempt since 2007. Under the federal rule, its reading changed hands with no signed certification behind it.
- The miles rest on the consignor's account and the house's check. Broad Arrow published the chassis number, the delivery dealer and the accessories. The storage history, the unregistered first ownership and the recent service come from the catalogue, as Motor1 read it. None of it is a public record. It is the record the house assembled and the bidder priced.
What we do about it
- 01Photograph the odometer with the chassis plate. The reading and the stamped number in one dated session, so the number on the dash is tied to the car it sits in and to the day it was read.
- 02Record every place the mileage was written down. Service invoices with the mileage at each visit, registration or inspection records if the car was ever registered, import papers and the sale documents. Years without an entry go on the record as a gap, not as zero miles.
- 03State which disclosure applied. For an exempt car the record says that no odometer certification was given at transfer, and names what stands in its place: the consignor's statement, the house's inspection and the paper above.
- 04Read the odometer at each hand-off. Consignor to house, house to transporter, transporter to buyer, each with a dated photograph. A 106-mile car that arrives showing 108 has two miles to explain, and the record is where they are explained.
Check it yourself
Tell us what you need held, or proven. Write to hello@brich.house