Red Ferrari Convertible at $18 Million to Lead Classic Car Sales - Bloomberg
A 1961 red convertible Ferrari California Spider may fetch as much as $18 million at auction this week, the top lot among 78 Ferraris that are up for sale. Gooding & Co. is offering the Ferrari 250 GT SWB California Spider -- one of only 37 of its kind -- during the annual classic car event at California’s coastal towns of Carmel and Monterey and at the Pebble Beach golf course. Last year, auctions at Gooding, Bonhams and RM Auctions reached a record tally of almost $400 million, led by a $38. 1 million Ferrari 250 GTO Berlinetta that set a record for a car sold at auction globally. The estimate for the Ferrari -- the first time since the 1960s that this car with the chassis 3095 GT is coming to a public sale in the U. S. -- is $16 million to $18 million, according to Santa Monica, California-based Gooding. The car offered in California hasn’t had a full restoration, which makes it unusual for a car of its kind and possibly more valuable, said Larry Fisher, executive director of the NHRA Motorsports Museum in Pomona, California. RM Sotheby’s -- created when Sotheby’s auction house took a 25 percent ownership interest in RM Auctions in February -- will auction a yellow 1960 Ferrari 250 GT. Source: www.bloomberg.com
