With enough F50s produced and roaming the streets (or resting in private collections), Ferrari was able to homologate the incredible car for racing purposes, creating the F50 GT. Much like with the F40 Competizione, and nearly every Ferrari racing car in recent years, the tiny Italian constructor Michelotto was retained to do the necessary construction of the racing cars. The primary name of the game was increased power and less weight—200 horsepower more of the former, and nearly 900 lbs. less of the latter—so it’s no surprise that the F50 GT is an incredible performer. In fact, during testing on Ferrari’s private test track, it was able to lap faster than the 333 SP, Ferrari’s then-current Le Mans prototype racer that was essentially an F1 car with a closed body. However, after that incredible lap, Ferrari closed up shop on the F50 GT program, perhaps because they felt their resources were better spent on F1, or maybe because of an FIA rule change that would have required expensive further development of the F50 GT. Whatever the reason, the bottom line is that the F50 GT is an incredible track car, with blistering speed and incredible cornering ability, considering that it is based on a road-going vehicle. In addition, it’s one of the rarest Ferraris around, with just three being constructed.
