Touring Superleggera just sliced the roof off its Veloce12, and the result is a targa-topped grand tourer called the Aperta that looks like it drove straight out of a fever dream set in 1998 and 2028 simultaneously.

The Milan-based coachbuilder revealed the Veloce12 Aperta this week, a follow-up to the fixed-roof Veloce12 that debuted in 2024. Both cars start life as a Ferrari 550 — a front-engined, V-12 GT from the late 1990s that buyers must supply themselves. Touring then tears it apart and rebuilds it into something that barely resembles the original, except in its proportions and mechanical soul.

That soul remains a naturally aspirated 5.5-liter V-12 making 503 horsepower, paired with a six-speed gated manual transmission and rear-wheel drive. Zero to 62 mph takes 4.4 seconds, which in 2026 terms is merely brisk.

The Aperta’s party trick is a removable targa panel that stows in a leather-lined trunk when not in use. It’s a clean execution — the roofline barely betrays the modification. The B-pillars now carry badges made from actual 24-karat gold, because apparently when you’re spending this kind of money, plated metal simply won’t do.

And about that money. The fixed-roof Veloce12 reportedly cost as much as $754,000 in 2024 — and that figure did not include the donor Ferrari 550. The Aperta, with its additional structural engineering and open-air conversion, is expected to cost even more. So you’re looking at somewhere north of three-quarters of a million dollars to transform a car that might cost $150,000 to $250,000 on the collector market into something that can’t outrun a Bentley Continental GT Speed.

The interior tries to justify the expenditure. Two-tone white-and-burgundy leather and faux suede wrap every surface. Behind the headrests sits an aluminum and leather cargo deck designed to hold a bespoke set of Rimowa luggage.

If aluminum cases aren’t exotic enough, Touring offers optional crocodile leather luggage from Giosa Milano. The chrome gated shifter rises from the center console like a jewel on a pedestal, and it might be the single most compelling detail in the entire car.

Modern lighting elements, a reshaped grille, a slimmer hood vent, and subtly reworked bodywork pull the 550’s bones into the present without erasing its DNA. Touring has always been skilled at this particular trick — honoring a car’s original character while making it feel contemporary. The Veloce12 Aperta doesn’t look like a restomod in the way that Singer Porsches or Eagle E-Types do. It looks like an alternate-universe Ferrari that Maranello never had the nerve to build.

Production will be extremely limited. Touring hasn’t committed to a specific number, but the coachbuilder’s history suggests single digits. Each one will be essentially bespoke.

The pitch here is not performance. A new Ferrari 12Cilindri will be faster, more refined, and arguably more beautiful. A Bentley Continental GT Speed will be quicker and far more comfortable.

The pitch is exclusivity and craftsmanship at a level that even Ferrari’s Tailor Made program can’t quite replicate — because this isn’t a factory options exercise. It’s a ground-up reinterpretation of a car that was already great, executed by a coachbuilder whose name has been on some of the most beautiful cars ever made since 1926.

Whether that’s worth a million dollars all-in is a question only a very particular kind of buyer can answer. But Touring Superleggera isn’t worried about volume. They never have been.