Ferrari F430 six-speed manual, called 11 Sep 2026.

A 2005 F430 with the six-speed gated manual, offered again out of Hawthorn East, Victoria — Rosso Corsa with Scuderia shields over Nero with red stitching, 39,868 miles, which is 64,161 kilometres, a United Kingdom-market car imported later, with a Tubi exhaust fitted.

On 24 August 2026 it was priced at $420,000 against a $280,000 library base, and on 27 August it was withdrawn before it closed with no figure published. That call is on this page, scored neither way, and it is not being quietly repeated here.

The F430 record carried $280,000 on 24 August and now carries $225,000, fitted to the only two Australian results it has: $215,000 at Cremorne in September 2024 at 26,705 kilometres, Australian-delivered on carbon-ceramics with ten dated services, and $212,000 at Brighton in July 2023 at 43,814 kilometres, a Hong Kong import. De-adjusted to the 32,000 kilometres the record expects, that pair implies $217,000 and $212,000. The $280,000 the August call was built on rested on no Australian transaction at all, which is exactly why it moved.

A withdrawal is not a pass-in and it is not evidence of a price. What it is evidence of is that the car went to market in August and came back. No inference is drawn about why, and the listing is taken at its word. It is recorded because this desk already paid for the opposite habit: the 456 GTA was relisted after a failure, had its reserve lowered mid-auction, still stopped at $67,000, and the call on it was 37.3 per cent high because it read the relist as a vendor being slow rather than as the market answering. That is the widest miss in this log and it is why nothing is added back on top of the arithmetic below.

Against $225,000: minus 6 for 64,161 kilometres against the 35,500 the record expects of a 2005 car, at 2 per cent per 10,000; minus 6 for the first build year of a 2005-09 run, which the August call did not take at all; plus 2 Rosso Corsa; plus 120 for the six-speed gated manual; plus 2 Scuderia shields; plus 6 for a full Ferrari service book; minus 12 for an import on a model Ferrari sold here new; and minus 2 for the Tubi. That last one is itemised as an aftermarket exhaust rather than taken as the ten-point catch-all the August call used, because the catch-all exists for a car changed in ways the itemised rows do not name, and a single named system is precisely what the itemised row is for.

The valuer caps a value at plus 45 off its base, so $225,000 becomes $326,250 and the cap eats fifty-nine points, which is $132,750. It ate forty-eight points in August.

The record scores the gated manual at plus 120 per cent, the biggest single option figure anywhere here, and its own evidence paragraph still describes that premium at 55 and names it the most likely remaining error in the entry. The ladder was raised and the paragraph was not, and the record page now says so in its own words instead of carrying two numbers silently.

At plus 55 the stack totals plus 39, sits under the cap, and returns $312,750. At plus 120 the cap binds and returns $326,250.

Because the cap is doing the work either way, and the question this call has to settle is not what the premium is but whether to price above the cap at all.

Four per cent above the capped figure, on the same reasoning the August call used and no more of it: plus 120 for a gated manual is one figure this library wrote down about one thing, not an accumulation of small modifiers, and the cap exists to stop accumulations. It is 19.0 per cent under the August call and the base fell 19.6, so the movement is the base and almost nothing else.

It is not taking the uncapped $459,000, which asks a room in Melbourne to pay more than twice the Australian record for the model on a premium nobody here has measured. It is not crediting the withdrawal back as scarcity. And it is not leaning on the international manual market: the record's own international series is 62 lots clearing 60 per cent and easing at about 6.4 per cent a year, which is context and not a comparable.

Both local results are F1 cars, and the record states in its own bear case that the local record says nothing about what the manual is worth here. So this call is the model, one judgement above a cap, and nothing underneath either, and it should be read that way rather than as a measurement.

Whether the original exhaust comes with the car, which halves the aftermarket row. Whether the eleven evidenced service entries run through Ferrari main dealers throughout, because after 2010 they move to independents and the plus 6 assumes a continuous franchised file. And the belt service, which this listing has not dated either time it has been in front of this desk.

This record carries two counted Australian sales. Scored leave-one-out across 415 recorded Australian results, a value resting on two local transactions needs about thirty per cent either side to contain four results in five, and writing a tighter band on this car would be a hedge dressed as confidence. Buyer's premium of six per cent plus GST sits on top of the hammer, so a $340,000 hammer is about $362,440 to the buyer. Predicted hammer $238,000 to $442,000, midpoint $340,000.

And the record moves with the result rather than the other way round.