This is probably the closest we're going to get to seeing a brand-new Ferrari F40 crate engine, and those who are working on car projects that could use a twin-turbocharged Ferrari V8 should take note: it's now an item on which you can bid at Bringatrailer.com.

But how did this V8 manage to sit around unused all this time?

After being built in 1992, this engine was said to have been on display at the Designed For Speed exhibition at New York’s Museum of Modern Art for a period of time in 1993 and 1994. In stock form, this twin-turbocharged 2.9-liter V8 produced an advertised 471 hp and 426 lb-ft of torque, though in practice, each car was a little different.

The engine is now composed of a factory dyno-tested stock block, a used crankshaft and used pistons. The current owner purchased it in 1998 and reportedly used some its parts in his own running F40 to return it to stock form, but kept the engine on display as well. Custom parts from the owner's running F40 were then fitted to this engine: machined and ported cylinder heads, larger valves, a titanium valvetrain, used stock exhaust manifolds, used heat shields, used turbos, reworked camshafts, and custom-fabricated steel liners in place of the original Nikasil liners.

"The package offered here includes the original block with custom steel cylinder liners, custom-machined and ported cylinder heads with larger valves, a titanium valvetrain, and customs cams," Bringatrailer notes. "Intake manifolds have been ported and modified for larger injectors."

It can be said that this engine is a mutt of sorts with stock components that have been removed and custom ones that have been fitted -- perfect for a track-going F40.

"This F40 V8 will be crate-delivered to the winning bidder and is offered on a California bill of sale with extra parts including custom intercoolers, custom-fabricated headers, Garrett turbos, spare pistons, factory exhaust manifolds, a rolling stand, and more," Bringatrailer adds.

But as the old adage goes: One man's disassembled F40 engine is another man's dream crate engine. Perhaps there is someone out there with an engineless F40, or another project Ferrari that could use some power. The smart money is on existing F40 owners buying this engine just for spares or for a project -- this thing is not going to go cheap -- or a Ferrari restoration shop buying for the purpose of fitting it to a track-focused F40 later. With four days left to go, the bidding has already eclipsed the going rate for a well-used Mondial.