Is this the most valuable Hot Wheels Ferrari ever?

Some of you many have noticed that recently a Hot Wheels Speed Machines Zamac Ferrari 599XX sold on eBay for over $300.

Others have sold for much less, but usually with a Buy It Now option.  This one was an auction, and the bids blew it up.  Does $300 make this the most valuable non-variation, standard release Ferrari?  No idea, but it is a valuable model.

The Zamac Ferrari 599XX was the fourth of four colors released in the Speed Machines line, and it was by far the hardest to find.  The first three command a pretty penny now, but nothing like the Zamac.  It was released in one of the final batches of the Speed Machines line, which was not performing the way Mattel or retailers would have liked.  It seems unlikely now, but back then the Speed Machines hung on the pegs, and Walmart, the main retailer, decided to stop carrying it.  That was before the batch that included the Zamac, so it was relegated to a few specialty stores and some overseas markets.

So that is the rarity side.  The other side is how good this model looks.  The comold wheels are finally getting their due from collectors today, and they look so good here.   The deco too is top notch, not too busy and a nice complement to the unpainted look.

All that makes this a highly desirable model.  But $300 desirable?  What do you think?

31 Replies to “Is this the most valuable Hot Wheels Ferrari ever?”

  1. 300$ for this model is just plain wrong when you consider that yes, it may be harder to find in the US but it's very easy to find elsewhere and even tailoring in the shipping costs you could get one for a fraction of what that guy ended up paying. Hell, i even gave one away to someone as part of a RAOK package a few months ago.
    The model itself looks great, no question about it, but i prefer at least a couple of the other versions released.

  2. I like it and I don't have it but I don't think I'd pay $30 for it, let alone $300. Not without a metal chassis.

    My favourite 599 in the Speed Machines series was the GTB in Azzurro California silver-blue with a Nero black roof. I think it's only one of two Ferrari Hot Wheels I have in Azzurro California, the other being a First Editions variant of the Ferrari 250 LM.

  3. Also, to answer the question posed in the headline, maybe the 1/64 scale Ferrari Hot Wheels made in the 21st century, but I'm sure some variants of the 312P Redline from 1970, for example, would sell for much more than that.

  4. I luckily added this to my speed machines collection few months ago,
    and I also have chrome gold enzo of the ferrari racers.
    I don't know exactly it worths $300,
    but I think this Zamac 599XX had to be more valuable than the gold enzo.
    Nice to see this casting again in here..

  5. I can understand if it's a very low production model, but jeesh, $300?
    Is it hype, the fact that Ferrari pulled the plug, or maybe because it's a ZAMAC and that it's a desirable model 599XX?
    Maybe it's a little bit of this and that, so I guess it comes down to how bad someone wants it and how much they want to handover.

    I'm not super thrilled with it, for one, the tampo design doesn't grab me and it might have the 'less is more' thing going on for sure if it was just a simple ZAMAC (like the awesome F12 Berlinetta ZAMAC). I prefer the red version myself!

    If I were to lay out that kind of money, I'd go for an early 312P Redline. Actually, I just purchased a yellow '72 (Shell gas promo) Ferrari 512S for $147.50 (incl. free shipping)… can't beat an original Redline!

  6. Fuck. This. Price.
    There's Crack Pipe pricing (loo it up on Jalopnik), but this? Get me a paddle, I'll haze those blithering asswipes.
    Now I'm even more worried about the prices on the red LaFerrari. The silver one is quite plentiful, but the red? Hopeless.

  7. I doubt the buyer will actually pay that amount. Happened to one of my listing on eBay guy placed a max bid never expecting for it to get so high, he never paid.

  8. Even more recently in history, there was that 1995 Treasure Hunt of the F355 that I think goes for comparable prices, not to mention one of my holy grails, a 1999-ish Italian Coca Cola promotion 360 Ferrari Modena that came with a Coca-Cola can-shaped display case that goes for three digits any time I see it on eBay.

  9. Sorry, but no ordinary collector would not consider paying that sort of money, it is stupid money, i know what my collection is worth, as it has to be an addition on my insurance, but i would not consider selling it, far far from it, i collect for the love of the model, not the value.

  10. Considering a brown, then a white test color ferrari 599xx super treasure hunt sold for about a hundred bucks less, i think this is a fair but steep price..the mitsubishi lancer zamac super… fetched alot of attention, and money….
    This confirms mattel should re-release the speed machines series..and do all premium metal bases

  11. I love it, and damn I want one; but I rather use that money to pay my bills. It's not only worth whatever you're willing to pay for it, but some folks just don't like getting outbid. So it becomes more of a competition. That's what I believe what goes down too. Some cats just got that kind of pride, even if they get broke.

  12. As is the case with most collectibles, auction prices are a mixture of true market supply, true demand, perceived scarcity (real or not), publicity and active promotion via editorial, social media and blogs. But it is also the passion for bidding, the adrenaline rush – and surely the auction is an 'event' and competition in its own right. This is the only possible explanation why, in the watch business, we now see some contemporary watch models auctioned for higher prices by Philips and Antiquorum than you would have to pay at an authorised retailer around the corner. Passing the 300 USD mark for the 599 Zamac is in line with the kind of value appreciation that we see for many collectibles – from contemporary art and wine to classic cars and watches. A Rolex Daytona worth 10k USD in 1990, will now achieve price around the 90k USD mark – and we all now the auction prices for Ferrari 250 GTOs… Of course there is always a risk of a hype and a bubble (look no further than the Infamous Amsterdam tulip episode) , but at the end of the day, we bid for, buy and collect what we are passionate about – price or resale value will hardly be the prime consideration. The 599 XX in Zamac is an elegant and sophisticated Hot Wheels model that makes for a great centrepiece in any silver Ferrari line-up. Would I pay 300 USD for it if I didn't own one? Anytime. Would I sell it? Never. This is collecting, this is passion.

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