Horacio Pagani: 'Homologation Is Our Second Highest Cost After Actually Building A Pagani'

Pagani celebrated its 25th anniversary in Singapore this week with none other than founder and CEO Horacio Pagani and his son, Christopher Pagani, in attendance. The Huayra Roadster BC and the 1-of-1 Zonda Kiryu were on display.

During their candid sharing, they revealed that homologation costs for Paganis are (understandably) enormous, given the ultra limited production runs for their models as well as multiple one-off creations, like the Zonda Kiryu that was on display at the event. For reference, 40 units is considered a bumper year already for Pagani, versus the 13,221 units Ferrari sold last year.

Although declining to reveal figures, the Pagani family estimates that homologation costs come second only to the costs of actually building the Pagani cars. They cited that Californian emission laws, in particular, have been particularly challenging but they emphasised the importance of passing all local laws like any other mass market manufacturer. Further, they have also crash-tested at least a few dozen of their Zondas and Huayras before it was officially homologated. We can expect more of the same with the upcoming Utopia.

With all of that unseen costs that go into making a Pagani a reality for collectors, it’s no wonder that resale values of Paganis have skyrocketed in the last decade. Transactions are few and far between - the Zonda Kiryu was originally commissioned for an individual in Japan, but it has since changed hands to a buyer in Singapore. But the Pagani family can share that Zondas are, on average, trading for 5-10 times their original retail price, while Huayras are around 2 times so far. Horacio is content with this development, saying it is a testament to the strong appeal of Pagani, while making his customers happy as well.

When asked what Horacio likes about Singapore, the island’s greenery was the highlight for him, as well as its ‘culturally beautiful’ people. And what does Mr Pagani do during his free time? Despite his stature and reverence for him in the industry, Horacio reveals that he likes to lead a simple life - walking his dogs at the Modena countryside, also known as ‘Motor Valley’.


Photos by Pagani Singapore

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