For a few hours, it was the most valuable car park in Australia.
More than 50 Ferraris, some coming with seven-figure price tags, converged on Mitchell on Saturday, with many coming as far as interstate for the event.
The gathering of the iconic cars comes ahead of the Auto Italia event this weekend, which is the largest Italian car show in the southern hemisphere, being held on the lawns of Old Parliament House.
While many of the Italian models on Saturday came in the classic red, some of the cars on display came in the less traditional blue and yellow.
Canberra resident and Ferrari Club Australia president Michael Rensch's pride and joy, a 1997 F355 Challenge, was one of the models on show.
"It was a car that was made for racing," he said.
"It's one of a very few right-hand drive cars that were returned to road use from racinng."
Mr Rensch said it's a rare occasion to have so many of the classic cars in the one place.
"There's only around 4000 Ferraris in Australia, so while you might see a lot of them here, they're an incredibly rare automobile," Mr Rensch said.
An estimated 80 Ferraris will be among the cars displayed as part of Auto Italia, which is in its 33rd year.
While hundreds of different makes and models of Italian cars will be on display on the day, this year's Auto Italia will be especially significant for Ferrari, which is celebrating its 70th anniversary in 2017.
Saturday's gathering was the first event being held in Australia this year to mark the milestone.
Ferrari Australia chief executive Herbert Appleroth said models from across the decades would be front and centre at this year's Auto Italia.
"There'll be classic cars from the '50s and '60s as well as the '80s and '90s," he said.
"There'll be a strong representation from all across the 70 years."
While the makes and models may have changed over the years, according to Mr Rensch, there are some aspects that remain the same every time he steps inside.
"When you drive a Ferrari, it's a sense of occasion," he said.
"It's the sound and the way the car handles. It's a special feeling that you don't get in any other car."
Auto Italia is being held from 10am to 3pm on Sunday on the north, west and east lawns of Old Parliament House.