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Ferrari F40 sells for $2.5 million on Altr Marketplace within 48 hours

Remember the Ferrari F40 that was showcased on a superyacht during the Monaco GP? Well, it has been sold on Altr’s blockchain marketplace for $2.5 million. According to the company, the rare exotic was sold within 48 hours!

“We are delighted with the successful launch of Altr with this incredible F40. The speed with which the car sold is a testament to the confidence that the community has in Altr and the technology on which it is built” said Davide Rovelli, one of Altr’s initial supporters, “The sale of the Ferrari F40 demonstrates that there is a growing market for collectors to buy physical assets using blockchain technologies, enabling a secure and transparent solution for acquiring, owning, exchanging and storing high-value assets. This monumental accomplishment is only the beginning of our journey as we work towards a regular program of epic collectible drops!”

Altr – a luxury online boutique, has partnered with Italian supercar dealership ‘Car & Car’ to sell high-end exotics on its platform. According to the company, collectors can purchase the rarest and finest collectibles, either in full or as a fraction, with digital ownership stored securely on the blockchain. Collectors can also digitise their existing collections and use them as collateral to borrow liquidity without the need to sell them. Once a collectible is introduced to Altr, it can be either sold as a whole through the sale of one single digital ownership certificate – NFT – or it can be split into fractions.

In January this year, Altr sold a new-old-stock vintage Rolex Daytona to its community. Offered by Altr Oracle The Watch Boutique, the yellow gold reference 6265 Cosmograph Daytona was sold for $195,000 in the form of 100 equally valued fractions.

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