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Abstract
This paper provides an econometric analysis of vintage Ferrari sales from automobile auctions between July 2002 and January 2016. Although Enzo Ferrari made race cars earlier, the first Ferrari badged car was produced in 1947. The "Enzo" era, was from 1947 to 1974; the cars built during these years were produced in substantially smaller numbers than the models in the years that followed. Enzo-era cars are generally in higher demand and are also considered to be more valuable than the models produced subsequently. The goal of this study is to estimate a standard hedonic model to measure how characteristics of Ferraris are valued.