This Ferrari Speedboat is More Seahorse than “Prancing Horse”
Some horses love to frolic in water, others won’t even get near the stuff; riders admit the preference tends to vary from horse to horse. That said, this historic “Prancing Horse” is one equine that surely isn’t afraid to get a bit wet. This is a 1990 Riva Ferrari 32. Seeing as the legendary sports car brand isn’t in the habit of building speedboats, the Ferrari 32 was the result of cooperation between the Modenese automaker and heritage Italian boatbuilder Riva, which has been manufacturing watercraft in the country since 1842. Only 40 Riva Ferrari 32 boats were built between 1990 and 1992, of which this is said to be example number 28. The crafts reportedly carried a list price of over $390,000 when new. 25 years later and this Ferrari will go back on sale in the famous French Cote d’Azur at RM Sotheby’s upcoming May auction. Time will tell if it approaches that triple-digit figure once again. RELATED: See More Photos of the Riva Ferrari 32 Speedboat
While Riva is best known for its striking wooden-hulled speedboats, these seagoing sculptures leverage more of Ferrari’s Formula 1 style than anything else. Atop its passenger compartment flies an F1-inspired black carbon fiber roof spoiler, and along its body the Riva comes dressed in unmistakable “Rosso Corsa” paint.
Inside, the craft gives hint to its early ‘90s origins and period styling, however it’s aged remarkably well in the past quarter century. The switchgear still looks clean and precise, top deck riders can choose between two “captain’s chairs” or a three-seat bench, and those going below deck can catch a few z’s in the small cuddy cabin.
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One component you might expect to find underneath the Riva is a wailing Ferrari Testarossa flat-12 or the 3.4-liter V8 from a contemporary Ferrari 348. Instead, Riva stuck to tradition and outfitted the craft with a pair of 390-horsepower Vulcano 400 V8 engines, accessible through a hatch in the rear sundeck. At full chat, the duo permit top speeds in excess of 60 mph on water. That’s pretty brisk, then again… it is a Ferrari.
Given the speedboat’s youthful 25 years of age, quite a few still float around the market, and one similar boat sold for $164,838 at a Bonhams auction a few years prior. But as with all things Ferrari, the value over time really only goes one direction. Up.
This ship sails at RM Sotheby’s Monaco event on May 14th.
Photo Credit: Cymon Taylor/RM Sotheby’s
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