Introduction
Rock legend Sammy Hagar recently made headlines, not for his music, but for selling his prized 2015 Ferrari LaFerrari at the prestigious Barrett-Jackson auction in Scottsdale, Arizona. Originally purchased for $1.4 million, the unique vehicle fetched an impressive $4.25 million, marking a significant gain for the former Van Halen frontman.
A Rare Custom LaFerrari
Hagar’s Ferrari LaFerrari, one of only 499 ever produced, stands out with its rare cappuccino color inspired by the musician’s private jet. The custom supercar, equipped with a 950-horsepower hybrid engine, can accelerate from 0 to 60 mph in just 2.5 seconds, showcasing Ferrari’s top-tier engineering.
Emotional Auction Experience
During the auction, Hagar admitted feeling both heartbroken and relieved as the bidding war intensified. He shared that seller’s remorse set in as the hammer dropped, but meeting the new owner afterward brought him peace. “We’re just caretakers of something special, and then you pass it on,” Hagar said, pleased with how the car’s legacy will continue.
Record-Breaking Sale Price
The $4.25 million sale price shattered the previous record for 2015 LaFerraris, which was $3.91 million. Although another LaFerrari went up for auction recently, it failed to sell at the expected price range of $4 to $5 million, making Hagar’s sale even more remarkable. His LaFerrari underwent a battery replacement before the auction, sourced directly from Ferrari.
Other High-Profile Sales at Barrett-Jackson
Hagar’s LaFerrari wasn’t the only luxury vehicle up for sale at the Arizona auction. A 2019 Ford GT sold for $880,000, while a 1971 Ferrari GTB/4 Daytona Coupe fetched $506,000. However, Hagar’s supercar stole the spotlight, setting a new benchmark for future LaFerrari auctions.
Sammy Hagar’s Business Success
Though Hagar’s car sale is impressive, it’s far from his biggest business win. His most notable achievement came with the $100 million sale of his Cabo Wabo tequila brand to Gruppo Campari. Hagar has since ventured into new business opportunities, including Santo Tequila with Guy Fieri and the Red Rocker Brewing Company.
Future Plans in Las Vegas
Hagar recently hinted at more ventures, announcing his dream of opening a Cabo Wabo Resort and Casino in Las Vegas. “I’ve got plans. If not here, I’ll find another spot,” he teased while receiving the key to the city in Sin City.
Continuing Music Legacy
Despite his business achievements, Hagar remains dedicated to music. He’s currently touring with his band, The Circle, and is set to perform at the Rock and Roll Hall of Fame induction ceremony alongside stars like Slash and Demi Lovato to honor 2024 inductees Foreigner.
Conclusion
From breaking records at car auctions to making savvy business moves, Sammy Hagar continues to rock both the stage and the business world. His $4.25 million LaFerrari sale is just another example of his ability to thrive in any endeavor he pursues.
