A 2017 [Ferrari 488](https://fridayswatchlist.com/search?make=Ferrari&model=488) GTB with just 12,000 miles sold for $295,000 at auction, and that's strong money for this beauty.

This car is a powerhouse, featuring a twin-turbocharged 3.9-liter V8 engine paired with a seven-speed F1 dual-clutch transmission. This combination is a favorite among buyers for its thrilling performance and reliability. The Nero DS paint and carbon-fiber accents give it a menacing look, while the Nero leather interior and Daytona-style racing seats offer a comfortable and stylish ride. Add in ceramic-composite brakes and a magnetorheological damping system, and you have a well-rounded sports car that checks all the boxes for performance and luxury.

The price of $295,000 was slightly above the Fair Value estimate of $289,200. That puts this sale just 2% over fair market value. With 28 bids, the excitement was palpable, showing strong interest from buyers who recognized the value of a low-mileage 488 GTB. Given the rarity of these models, the price reflects the current market dynamics rather than a simple overreach.

The community chimed in with some positive vibes as well. One commenter noted, "Well bought in today’s market. Congrats @PakiG786," which echoes the sentiment that this was a smart purchase amidst rising prices for desirable models.

For anyone eyeing a similar Ferrari, pay close attention to the mileage and service history. Low mileage can significantly impact resale value, but you also want to ensure the car has been properly maintained. A clean Carfax is a great start, but don't skip the details. Look for service records and any modifications that could affect performance or value down the line.