RM Auctions is offering yet another great item for sale, a 1991 Ferrari F40 Berlinetta once owned by former Chrysler CEO and father of the original Mustang, Lee Iacocca.

The F40 is one of the most sought-after classic supercars. This one is even better because it also has celebrity endorsement, well, sort of. RM expects it to fetch $650K to $750K in the January 20 auction.

This Ferrari F40 is number 94, out of the total 213 allocated to the United States. It had two other owners other than Mr. Iacocca, but amazingly it only has 300 miles on the clock. So it’s basically brand-new.

Even by today’s standards the F40 is one of the fastest and most serious super cars. Back in its early days though, it was the king of the hill. Designed to fight the Porsche 959 for the world’s ultimate super car title, the F40 had a full carbon fiber body and a mid-mounted, 3.0 liter V8 engine boosted with two huge turbochargers, developing 471bhp.

Even though the car has massive turbo lag, it still hits 60mph from standing still in under 4 second and can reach a top speed of 201mph. That’s mainly because it’s light, very light. The F40 is often likened to a go kart with a twin-turbo V8.

The car comes with full documentation, including Ferrari Certificate of Origin dated October 12, 1990, a U.S. Environmental Protection Agency letter, Italian export papers, an engraved ‘Built Especially for Lee Iacocca’ card, the owner’s warranty and service book, the warranty card and a letter that is ‘John Hancocked’ by Enzo Ferrari himself.

via Motorauthority