The Reserve Report

THE RESERVE REPORT - FEBRUARY 2026

Same number of cars. Meaningfully more money.

Historical Coverage
Historical coverage series. This report was prepared on October 7, 2026 using period-correct public market data. The February 2026 label describes the coverage period, not the original publication date.
Executive Read

Same number of cars. Meaningfully more money.

Through February, tracked auction volume reached $1.3 billion - roughly $300 million ahead of the same point in 2025 with nearly identical transaction counts. RM Sotheby's Miami became the month's defining modern-exotic sale.

YTD VOLUME$1.3B
VS. 2025+$300M
$1M+ SALES23
MIAMI SELL-THROUGH90%

Selected public price discovery

Model / MarketResultMileage / DetailContext
2015 Ferrari LaFerrari$6.880M554 miRM Sotheby's Miami - Feb 27
2005 Porsche Carrera GT$3.305M602 miRM Sotheby's Miami - Feb 27
2023 Ferrari 812 Competizione A$2.645M95 miRM Sotheby's Miami - Feb 27
2020 Ferrari 488 Pista Spider$1.072M2k miRM Sotheby's Miami - Feb 27
2022 Ferrari 812 GTS$742K2k miRM Sotheby's Miami - Feb 27

What the tape says

Modern icons were liquid

LaFerrari, Carrera GT, Competizione A and Pista Spider all produced clean public price discovery in one sale.

Low miles carried a visible premium

The 95-mile Competizione A and 602-mile Carrera GT reinforced the valuation power of preserved, collector-grade examples.

Records were broadening

February produced 89 market records, with more than half occurring online even as the very top end remained live-auction led.

The Twelve Reserve view

February strengthened the case for treating modern limited-production cars as their own market. The right spec, history and mileage were pulling buyers toward seven-figure territory while ordinary examples still required disciplined entry points.

Individual results are reference points, not universal valuations. Mileage, specification, originality, history, condition, venue and timing all matter.