Back in 2006 the Italian design studio Zagato unveiled the 575 GTZ, a one of a kind concept created for Japanese collector Yoshiyuki Hayashi. Today Zagato has revealed the first details on the Ferrari 550 GTZ, a model limited to only 5 units, each with the lofty price tag of $1.6 Million per vehicle.
The 550 GTZ is based on the 550 Barchetta, a model powered by a Ferrari 5.5 Liter V12 pumping out a total of 485 HP to the rear wheels. The prancing horse managed to run from 0 to 60 MPH in just 4.2 seconds and reach a top speed of 199 MPH. As far as we know, Zagato has yet to release any specifications on the 550 GTZ, but we do know that all five examples are already spoken for.