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Missing Ultra-Rare Ferrari 375 MM Is a $10 Million Treasure That Vanished

Released originally in the 1950s, the Ferrari 375 MM remains one of the most sought-after V12-powered race cars of its era. Ferrari built 26 examples of this ultra-rare model during its short production run, featuring various body styles. While we know exactly what happened to 25 of these cars, one of them remains unaccounted for.

According to The Drive, Dottore Enrico Wax was the one and only owner of this machine. Despite having a massive collection of vehicles, no one has seen Wax’s racecar since the 1950s. While there is plenty of speculation about what happened, most internet detectives want to believe the car is still out there in original condition.

How does a Ferrari 375 MM simply vanish?

An image of a red Ferrari 375 MM parked outdoors.
Ferrari 375 MM | Michael Cole/Corbis via Getty Images

Since most of the recent information surrounding this missing Ferrari 375 MM comes from the 1950s, there are more questions than answers. For starters, we know that Dottore Enrico Wax, a well-known car collector purchased the car.

According to The Drive, the last bit of available information surrounding this car tells us that it lived in Genoa, Italy. Since the car is likely part of a larger collection, there is a good chance it hasn’t vanished at all, remaining in its original home.

Thankfully, we know plenty about the Ferrari 375 MM itself. Under its hood lies a naturally-aspirated 4.5-liter V12 engine developing 340 hp. Thanks to Barchetta’s registry of this short run of Ferraris, we know that the missing car is chassis number 0378AM. Additionally, the registry shows that this particular competed in at least one event in 1953.

Unlike most of the other 25 examples, this missing car didn’t feature red paint. Instead, Barchetta’s registry states that this Ferrari featured metallic blue exterior paint with a beige interior. Additionally, this particular example also reportedly has metal bumpers, making it extremely unique.

This car’s owner was one of Enzo Ferrari’s personal friends

An image of a red Ferrari 375 MM parked outdoors.
Ferrari 375 MM | Michael Cole/Corbis via Getty Images

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Wax’s ownership is one of the Ferrari 375 MM is one of the most important factors surrounding this story. That’s because Autovintage reports that the Italian businessman was a close friend of company founder Enzo Ferrari. In fact, Wax imported Enzo’s favorite brand of scotch whiskey, Johnny Walker. As a result, the pair reportedly had a good friendship which saw Wax purchasing multiple cars from Enzo.

Since Wax had a well-known friendship with Ferrari, it would’ve made the global news if this car sold. In fact, several of Wax’s cars have traded hands in recent years for millions of dollars in auctions hosted by RM Sotheby’s.

Given this current theory, as The Drive points out, this missing Ferrari is likely sitting in a forgotten garage in Italy. If that’s the case, this could be one of the most valuable barn finds ever.

How much is this ultra-rare Ferrari worth in 2021?

An image of a red Ferrari 375 MM parked outdoors.
Ferrari 375 MM | Michael Cole/Corbis via Getty Images

Since only 26 examples of the Ferrari 375 MM ever left the factory back in the 1950s, these cars rarely trade hands. However, RM Sotheby’s sold a Spider variant for $9 million back in 2013. Given the current appreciation trend we’ve seen in vintage cars, this missing Ferrari is an undiscovered barn find that could easily be worth well over $10 million.