Cars of the 1960s
See also : Cars Cars II Cars 1960-61 Cars 1960s II Ferrari LWB to GTO California Spider Ferrari after 1962 Italy US cars British cars Aston Martin Movies
Chronology : 1962 1967
Chronology : 1962 1967
1961 Ferrari 250 GT California Spider
2015 SOLD for € 16.3M including premium by Artcurial
1961 Oggi the Ferrari
2016 SOLD for $ 17.2M including premium
On March 11 in Amelia Island, Gooding sells a California Spider. Such event is not unusual but this specific example has many qualities that make it one of the most desirable Ferrari cars. It is estimated $ 15M, lot 069. Here is the link to the press release.
This car built in 1961 has the two outstanding aesthetic achievements by Scaglietti : the bodywork on the shorter frame and the covered headlights. Its color is the best symbol of the brand: it is painted in red and the leathers are black.
It had only three owners from new who carefully maintained and serviced it without modification and it so remains one of the most original from that model. It had probably never left Italy.
This California Spider is the dream car in the film Ieri, Oggi, Domani released in 1963. The movie is composed of three episodes of the Italian life unconnected in location or time, whose only common point is the leading couple, Sophia Loren and Marcello Mastroianni.
The central story, Oggi, was inspired from a short novel by Moravia whose title Troppo Ricca demonstrates the intention of social criticism. The woman drives with her lover the Rolls-Rolls of her husband and suddenly considers that she must make a choice between man and car. Relationships become nervous and Sophia crashes the Rolls.
The woman leaves on the road both car and lover and makes hitchhiking. They are near to Milan and the car that boards Sophia is our Ferrari, lent by its owner of that time to the film producer. Italy did not need to rely on concept cars to show on screen the ideal car : they had the 250 GT SWB California Spider.
This car built in 1961 has the two outstanding aesthetic achievements by Scaglietti : the bodywork on the shorter frame and the covered headlights. Its color is the best symbol of the brand: it is painted in red and the leathers are black.
It had only three owners from new who carefully maintained and serviced it without modification and it so remains one of the most original from that model. It had probably never left Italy.
This California Spider is the dream car in the film Ieri, Oggi, Domani released in 1963. The movie is composed of three episodes of the Italian life unconnected in location or time, whose only common point is the leading couple, Sophia Loren and Marcello Mastroianni.
The central story, Oggi, was inspired from a short novel by Moravia whose title Troppo Ricca demonstrates the intention of social criticism. The woman drives with her lover the Rolls-Rolls of her husband and suddenly considers that she must make a choice between man and car. Relationships become nervous and Sophia crashes the Rolls.
The woman leaves on the road both car and lover and makes hitchhiking. They are near to Milan and the car that boards Sophia is our Ferrari, lent by its owner of that time to the film producer. Italy did not need to rely on concept cars to show on screen the ideal car : they had the 250 GT SWB California Spider.
1961 The Rest of a Spider
2015 SOLD for $ 16.8M including premium
Until last year, I believed that the top prices among the Ferrari 250 GT California Spiders rewarded the examples in perfect condition. The highest result recorded so far on this model at auction, € 16.3M including premium by Artcurial on February 6, 2015, definitely contradicts such a view.
This car released from factory in 1961 was in the same collection since 1971. Hidden in a barn since 1975 after the bankruptcy of its owner, it had been retrieved under stacks of magazines that had distorted its hood. Ferraris are vehicles of an exceptional robustness: it had valiantly withstood four decades of neglect in the wet French countryside.
More important : it has never been disassembled. Despite its pitiful look, it has everything to become through a careful restoration the best car in its glorious class. Its short belonging in 1963 to a movie star, widely reported by the media before and after the sale, probably had no impact on its price.
Another wonder of the same model and same year is estimated $ 16M for sale by Gooding in Pebble Beach on August 16, lot 129. Here is the link to the press release.
This car has the same highly desirable original characteristics as the Artcurial specimen : SWB chassis, covered headlights. Its early history is less documented but it also remained untouched, until an engine overhaul in 2014. Moreover, it has never been forgotten by its owners.
The SWB spider is a great achievement by Scaglietti. Its differences with the LWB spider are not spectacular but are extremely important, including a road handling that reaches perfection, a better suspension and luxurious comfort. Cars earlier than the excellence of the SWB can no longer claim the highest prices on the overall Ferrari second hand market.
The car for sale in Pebble Beach has all the assets to be submitted to a full restoration according to the best current practice and to start a new career at the highest level in the Concours d'Elegance.
This car released from factory in 1961 was in the same collection since 1971. Hidden in a barn since 1975 after the bankruptcy of its owner, it had been retrieved under stacks of magazines that had distorted its hood. Ferraris are vehicles of an exceptional robustness: it had valiantly withstood four decades of neglect in the wet French countryside.
More important : it has never been disassembled. Despite its pitiful look, it has everything to become through a careful restoration the best car in its glorious class. Its short belonging in 1963 to a movie star, widely reported by the media before and after the sale, probably had no impact on its price.
Another wonder of the same model and same year is estimated $ 16M for sale by Gooding in Pebble Beach on August 16, lot 129. Here is the link to the press release.
This car has the same highly desirable original characteristics as the Artcurial specimen : SWB chassis, covered headlights. Its early history is less documented but it also remained untouched, until an engine overhaul in 2014. Moreover, it has never been forgotten by its owners.
The SWB spider is a great achievement by Scaglietti. Its differences with the LWB spider are not spectacular but are extremely important, including a road handling that reaches perfection, a better suspension and luxurious comfort. Cars earlier than the excellence of the SWB can no longer claim the highest prices on the overall Ferrari second hand market.
The car for sale in Pebble Beach has all the assets to be submitted to a full restoration according to the best current practice and to start a new career at the highest level in the Concours d'Elegance.
1961 A California Spider at the Salon de l'Auto
2014 SOLD 15.2 M$ including premium
The Ferrari 250 GT California Spider is one of the models that are the most often found in the auctions of luxury cars and in my column. Released in 1958, it targeted the market of wealthy Californian customers wishing to have a vehicle usable altogether for city and sport. The body was designed by Pininfarina and executed by Scaglietti.
In 1960, a significant improvement is made on the chassis for both spiders and berlinettas : a shortened wheelbase improving the driving stability when cornering. The SWB supersedes the previous chassis now designated LWB.
Prices go up at auction. The highest price reported up to now for a 250 GT California Spider is $ 11.3 million including premium by Gooding on August 18, 2012 for a 1960 LWB in Competizione configuration.
In the usual configuration, the top price is € 7M including premium on May 18, 2008 by RM Auctions and Sotheby's for the 1961 SWB that had belonged to the actor James Coburn from 1964 until his death in 2002.
Another 1961 SWB is estimated $ 13M, for sale by Gooding at Pebble Beach on August 16, lot 18.
This car was exhibited at the Salon de l'Automobile at the Grand Palais in October 1961. It briefly belonged to actress Barbara Hershey. Owned by a suite of careful collectors since 1974, it has been from 1993 one of the most regular stars of the Concours d'Elegance.
This spider has a rare option, the removable hardtop, which allows if needed to use it as a coupe.
POST SALE COMMENT
The estimate was ambitious and the result, $ 15.2 million including premium, confirms the rising of the prices, but this car had been maintained in exceptional condition.
In 1960, a significant improvement is made on the chassis for both spiders and berlinettas : a shortened wheelbase improving the driving stability when cornering. The SWB supersedes the previous chassis now designated LWB.
Prices go up at auction. The highest price reported up to now for a 250 GT California Spider is $ 11.3 million including premium by Gooding on August 18, 2012 for a 1960 LWB in Competizione configuration.
In the usual configuration, the top price is € 7M including premium on May 18, 2008 by RM Auctions and Sotheby's for the 1961 SWB that had belonged to the actor James Coburn from 1964 until his death in 2002.
Another 1961 SWB is estimated $ 13M, for sale by Gooding at Pebble Beach on August 16, lot 18.
This car was exhibited at the Salon de l'Automobile at the Grand Palais in October 1961. It briefly belonged to actress Barbara Hershey. Owned by a suite of careful collectors since 1974, it has been from 1993 one of the most regular stars of the Concours d'Elegance.
This spider has a rare option, the removable hardtop, which allows if needed to use it as a coupe.
POST SALE COMMENT
The estimate was ambitious and the result, $ 15.2 million including premium, confirms the rising of the prices, but this car had been maintained in exceptional condition.
1962 The Two Series of the 250 GTO
2018 SOLD for $ 48M including premium
It is not enough to be the prettiest berlinetta of its time to win Grand Touring competitions, especially when Jaguar, Aston Martin and Shelby apply ambitious development programs. The Ferrari250 GT SWB is no longer competitive with its oblique front that lifts at 250 km/h.
A team around Giotto Bizzarrini designs a low body with a tapered front hood. To facilitate the homologation, the new chassis has the same size as the SWB. The studies are validated in wind tunnel. The lowered engine remains a 3-liter Colombo V12 while incorporating several improvements from the 250 TR.
Thus was born the 250 GTO at the beginning of 1962. 33 cars are built according to this model. They immediately dominate endurance and hill competitions. However Bizzarrini had left the company after a disagreement with Enzo Ferrari.
The technological challenge goes on. The approval of the 250 LM will be refused. While waiting for better days, Ferrari requires Mauro Forghieri and his team to modify the 250 GTO according to the aerodynamic improvement of the LM. Three 250 GTO Series II are built in 1964.
Four Series I cars are upgraded in 1964 to the Series II specifications. One of them is estimated $ 45M for sale by RM Sotheby's in Monterey on August 25, lot 247. Please watch the video shared by the auction house.
This car was in 1962 the third GTO produced. Tested in May by Phil Hill at the Targa Florio, it is sold by Ferrari a few days later to a friend of Enzo Ferrari, Edoardo Lualdi-Gabardi, who gets excellent results in hill climbing with this car. In April 1964 Corrado Ferlaino leads it to First In Class in the Targa Florio, thus brilliantly validating the transitory concept of the Series II.
The price of a Ferrari 250 GTO depends on its results in period and on its crash history. The car for sale was not damaged. For reasons of preservation, the original engine was removed a few years ago. It is sold with the car.
In May 2018 a price of $ 70M in a private transaction was reported for a 250 GTO with a better race history including the victory at the 1964 Tour de France.
A team around Giotto Bizzarrini designs a low body with a tapered front hood. To facilitate the homologation, the new chassis has the same size as the SWB. The studies are validated in wind tunnel. The lowered engine remains a 3-liter Colombo V12 while incorporating several improvements from the 250 TR.
Thus was born the 250 GTO at the beginning of 1962. 33 cars are built according to this model. They immediately dominate endurance and hill competitions. However Bizzarrini had left the company after a disagreement with Enzo Ferrari.
The technological challenge goes on. The approval of the 250 LM will be refused. While waiting for better days, Ferrari requires Mauro Forghieri and his team to modify the 250 GTO according to the aerodynamic improvement of the LM. Three 250 GTO Series II are built in 1964.
Four Series I cars are upgraded in 1964 to the Series II specifications. One of them is estimated $ 45M for sale by RM Sotheby's in Monterey on August 25, lot 247. Please watch the video shared by the auction house.
This car was in 1962 the third GTO produced. Tested in May by Phil Hill at the Targa Florio, it is sold by Ferrari a few days later to a friend of Enzo Ferrari, Edoardo Lualdi-Gabardi, who gets excellent results in hill climbing with this car. In April 1964 Corrado Ferlaino leads it to First In Class in the Targa Florio, thus brilliantly validating the transitory concept of the Series II.
The price of a Ferrari 250 GTO depends on its results in period and on its crash history. The car for sale was not damaged. For reasons of preservation, the original engine was removed a few years ago. It is sold with the car.
In May 2018 a price of $ 70M in a private transaction was reported for a 250 GTO with a better race history including the victory at the 1964 Tour de France.
1962 Opening the Club of the 250 GTO Owners
2014 SOLD 38 M$ including premium
The Ferrari 250 GTO (Gran Turismo Omologato) is the skilled union of the 250GT SWB chassis and of the 250TR engine, designed to win endurance and hill climbing competitions. It was coachworked as a berlinetta by Scaglietti. Its perfect geometry has also been improved after wind tunnel tests.
39 cars were manufactured between 1962 and 1964, which is a high figure for a commercial upscale Ferrari. Some have been modified. 28 units remain with the 3-litre engine from its original design.
Extremely competitive without being exceptionally rare, the 250 GTO is the preferred model of the auto enthusiasts from the high society, functioning as an informal club with media covered exclusive meetings. Cars are transmitted like a talisman by each owner to his handpicked successor.
For this reason, the history of the 250 GTO at auction is null. Sports Car Digest retrieved two events: a car unpaid after it was sold by Sotheby's in Monaco in 1990 and another one unsold by Brooks at Gstaad in 2000.
The sale by Bonhams at Quail Lodge on August 14 of a 250 GTO is a great event in the history of automobile auctions. Coming from a deceased estate, it had not changed hands for nearly half a century and is offered without reserve, lot 3.
This car has accumulated an interesting competition record after a bad start. Made in 1962, it was much damaged at Montlhéry on 7 October of the same year, killing one of its co-owners the ski champion Henri Oreiller. Repaired in 1963 at a time when the production chain of the 250 GTO was in full operation, it is an authentic unit.
POST SALE COMMENT
Such an event was expected for many years: a Ferrari 250 GTO sold at auction! The result, $ 38 million including premium, enters the price range expected by Bonhams.
39 cars were manufactured between 1962 and 1964, which is a high figure for a commercial upscale Ferrari. Some have been modified. 28 units remain with the 3-litre engine from its original design.
Extremely competitive without being exceptionally rare, the 250 GTO is the preferred model of the auto enthusiasts from the high society, functioning as an informal club with media covered exclusive meetings. Cars are transmitted like a talisman by each owner to his handpicked successor.
For this reason, the history of the 250 GTO at auction is null. Sports Car Digest retrieved two events: a car unpaid after it was sold by Sotheby's in Monaco in 1990 and another one unsold by Brooks at Gstaad in 2000.
The sale by Bonhams at Quail Lodge on August 14 of a 250 GTO is a great event in the history of automobile auctions. Coming from a deceased estate, it had not changed hands for nearly half a century and is offered without reserve, lot 3.
This car has accumulated an interesting competition record after a bad start. Made in 1962, it was much damaged at Montlhéry on 7 October of the same year, killing one of its co-owners the ski champion Henri Oreiller. Repaired in 1963 at a time when the production chain of the 250 GTO was in full operation, it is an authentic unit.
POST SALE COMMENT
Such an event was expected for many years: a Ferrari 250 GTO sold at auction! The result, $ 38 million including premium, enters the price range expected by Bonhams.
1962 The Shark Nose Berlinetta
2015 SOLD for $ 16.5M including premium
Enzo Ferrari would never cooperate with Carrozzeria Bertone. The reason is simple: this workshop in Turin had contributed to the success of the Giulietta range of Ferrari's arch-rival Alfa Romeo.
Enzo Ferrari had also friends. When he developed the chassis 250 GT SWB in 1959, he accepted that one of the first units should be reserved to Dr. Wax. This Italian industrialist loved the spectacular coachworks. Rather than going to regular contributors of Ferrari, Pinin Farina and Scaglietti, he selected Bertone for creating a one-off berlinetta.
The choice was significant. Nuccio Bertone was one of the visionaries of the Italian design. The Wax Ferrari was conceived by Giorgetto Giugiaro, hired in the same year by Bertone at the age of 21, who was to become one of the most famous designers.
This first SWB by Bertone and Giugiaro already displays their vision to create berlinettas with the aggressive shapes of a Grand Prix car. This car was sold for $ 7M including premium by RM Auctions on November 21, 2013.
In 1962 Nuccio Bertone purchases a 250 GT SWB chassis with the target to demonstrate to Enzo Ferrari that he is able to create a product competing through its modernity with Pinin Farina's classic design.
In the previous year in Grand Prix, the Ferrari 156 F1 had inaugurated a new angular shape with a shark nose front side. From drawings by Giugiaro, Bertone built a berlinetta inspired by the 156 F1. It may be considered in its daring as a precursor of the road supercars.
Bertone exhibits his car extensively throughout 1962 but fails to be entrusted with additional chassis by Enzo Ferrari. Each one of the two Berlinetta Speciale bodied by Bertone will remain unique. Both have been certified by Ferrari Classiche in 2009.
The 1962 Speciale is estimated $ 14M for sale by Gooding in Pebble Beach on August 15, lot 039. Here is the link to the press release.
Enzo Ferrari had also friends. When he developed the chassis 250 GT SWB in 1959, he accepted that one of the first units should be reserved to Dr. Wax. This Italian industrialist loved the spectacular coachworks. Rather than going to regular contributors of Ferrari, Pinin Farina and Scaglietti, he selected Bertone for creating a one-off berlinetta.
The choice was significant. Nuccio Bertone was one of the visionaries of the Italian design. The Wax Ferrari was conceived by Giorgetto Giugiaro, hired in the same year by Bertone at the age of 21, who was to become one of the most famous designers.
This first SWB by Bertone and Giugiaro already displays their vision to create berlinettas with the aggressive shapes of a Grand Prix car. This car was sold for $ 7M including premium by RM Auctions on November 21, 2013.
In 1962 Nuccio Bertone purchases a 250 GT SWB chassis with the target to demonstrate to Enzo Ferrari that he is able to create a product competing through its modernity with Pinin Farina's classic design.
In the previous year in Grand Prix, the Ferrari 156 F1 had inaugurated a new angular shape with a shark nose front side. From drawings by Giugiaro, Bertone built a berlinetta inspired by the 156 F1. It may be considered in its daring as a precursor of the road supercars.
Bertone exhibits his car extensively throughout 1962 but fails to be entrusted with additional chassis by Enzo Ferrari. Each one of the two Berlinetta Speciale bodied by Bertone will remain unique. Both have been certified by Ferrari Classiche in 2009.
The 1962 Speciale is estimated $ 14M for sale by Gooding in Pebble Beach on August 15, lot 039. Here is the link to the press release.
1963 Ultimate Laps for Aston Martin
2018 SOLD for $ 21.5M including premium
Aston Martin was brilliant in competition in 1959 but failed in 1960. The owner, David Brown, does not take the risk of losing money. He terminates his competition team while maintaining his development abilities around manager John Wyer, chief engineer Ted Cutting and engine mechanic Tadek Marek.
Competition rules change frequently. The 1962 edition of the 24 Hours of Le Mans is favorable to prototypes. Aston Martin is interested. The Design Project 212 is an evolution of the DB4 GT with a unique car incorporating a 4-liter 6-cylinder in-line engine and a lightened bodywork validated in the wind tunnel.
For 1963 Aston Martin prepares the DP214 for the GT class with two cars. This project, similar to the DP212, incorporates bodywork modifications to mitigate the risk of rear lifting.
John Wyer appreciates the motivation and skill of his teams. Under the reference DP215 he requests an additional car for the same competition, with other characteristics for the prototype class. Engineers have two months left to accomplish this feat, with an extremely limited budget.
DP215 has an engine of the same model as DP212 and the five-speed gearbox from the DBR1. The chassis is new, to receive a possible V8 engine. The engine position is lowered.
At the Le Mans practice, the DP215 driven by Phil Hill and Lucien Bianchi is the first car timed at more than 300 Km/h at Mulsanne. Both DP214 achieve a similar performance. None of the three cars finish the 24 hours : at the beginning of the third hour, the transmission of the DP215 is broken.
During its next race at Reims it becomes obvious that the gearbox is undersized for the engine power. After a demonstration run in the same year at Brands Hatch, DP215 abandons the competition. In November 1963 the Aston Martin Racing Department is closed. John Wyer had already left the company.
Its current owner commissioned a gearbox copying that of the DP212 and recovered its original engine that had been installed in the only DP214 survivor. The DP215 was restarted into a working condition close to the original configuration including the spare DP214/215 bodywork built in period by Aston Martin. It is estimated $ 18M for sale by RM Sotheby's in Monterey on August 24, lot 141.
Please watch the video prepared by the auction house. The image is shared by Wikimedia with attribution By Redsimon [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], from Wikimedia Commons
Competition rules change frequently. The 1962 edition of the 24 Hours of Le Mans is favorable to prototypes. Aston Martin is interested. The Design Project 212 is an evolution of the DB4 GT with a unique car incorporating a 4-liter 6-cylinder in-line engine and a lightened bodywork validated in the wind tunnel.
For 1963 Aston Martin prepares the DP214 for the GT class with two cars. This project, similar to the DP212, incorporates bodywork modifications to mitigate the risk of rear lifting.
John Wyer appreciates the motivation and skill of his teams. Under the reference DP215 he requests an additional car for the same competition, with other characteristics for the prototype class. Engineers have two months left to accomplish this feat, with an extremely limited budget.
DP215 has an engine of the same model as DP212 and the five-speed gearbox from the DBR1. The chassis is new, to receive a possible V8 engine. The engine position is lowered.
At the Le Mans practice, the DP215 driven by Phil Hill and Lucien Bianchi is the first car timed at more than 300 Km/h at Mulsanne. Both DP214 achieve a similar performance. None of the three cars finish the 24 hours : at the beginning of the third hour, the transmission of the DP215 is broken.
During its next race at Reims it becomes obvious that the gearbox is undersized for the engine power. After a demonstration run in the same year at Brands Hatch, DP215 abandons the competition. In November 1963 the Aston Martin Racing Department is closed. John Wyer had already left the company.
Its current owner commissioned a gearbox copying that of the DP212 and recovered its original engine that had been installed in the only DP214 survivor. The DP215 was restarted into a working condition close to the original configuration including the spare DP214/215 bodywork built in period by Aston Martin. It is estimated $ 18M for sale by RM Sotheby's in Monterey on August 24, lot 141.
Please watch the video prepared by the auction house. The image is shared by Wikimedia with attribution By Redsimon [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], from Wikimedia Commons
1964 The Race against the Regulations
2014 SOLD 26.4 M$ including premium
For automobiles, it often happens that history is not repeated. The extraordinary domination of the Ferrari 250 in all categories from 1955 was reinforced by an excellent adaptation to competition regulations.
The 250 GTO, produced mostly in 1962 and 1963, is registered in the Grand Touring class. In retrospect, it is clear that the O letter in GTO, which means Omologato, reveals the problems met by Ferrari to maintain their competitiveness while respecting all the rules.
The new models, the 250 LM in prototype class in 1963 and the 275 GTB in GT class in 1964, are technically formidable cars that can not maintain the wide success of the GTO. The competition is fierce. Remind that the failed negotiations between Ford and Ferrari happened in 1963 and the release of the GT40 in 1964.
The ambition in competition of the 275 equipped with a new 3.3-liter engine is embodied in three grand touring competition prototypes identified as 275 GTB/C Speciale with a bodywork by Scaglietti.
The super-light aluminum body, different from the road specification in the catalog, does not please the officials of the Gran Turismo. Yet one of the three cars managed to reach the third place in the 24 Hours of Le Mans in 1965 behind two Ferrari 250 LM.
The 275 GTB/C Speciale is extremely rare on the market. The first of the three is for sale by RM Auctions at Monterey on August 16, lot 239.
This is undoubtedly one of the most important cars in the history of automobile auctions. It paved the way for the limited series of the 275 GTB/C (without the word Speciale) of which a unit made in 1966 was sold for € 5.7 million including premium by RM Auctions on May 10, 2014.
I invite you to play the video shared on YouTube by RM Auctions.
POST SALE COMMENT
The special series of 275 GTB are confirmed as the most prestigious Ferrari cars after the 250 GTO. This 275 was sold for $ 24M before fees, 26.4M including premium.
It achieves a similar price as the 275 GTB / 4 NART that was sold for $ 27,5M including premium by RM Auctions on August 17, 2013.
The 250 GTO, produced mostly in 1962 and 1963, is registered in the Grand Touring class. In retrospect, it is clear that the O letter in GTO, which means Omologato, reveals the problems met by Ferrari to maintain their competitiveness while respecting all the rules.
The new models, the 250 LM in prototype class in 1963 and the 275 GTB in GT class in 1964, are technically formidable cars that can not maintain the wide success of the GTO. The competition is fierce. Remind that the failed negotiations between Ford and Ferrari happened in 1963 and the release of the GT40 in 1964.
The ambition in competition of the 275 equipped with a new 3.3-liter engine is embodied in three grand touring competition prototypes identified as 275 GTB/C Speciale with a bodywork by Scaglietti.
The super-light aluminum body, different from the road specification in the catalog, does not please the officials of the Gran Turismo. Yet one of the three cars managed to reach the third place in the 24 Hours of Le Mans in 1965 behind two Ferrari 250 LM.
The 275 GTB/C Speciale is extremely rare on the market. The first of the three is for sale by RM Auctions at Monterey on August 16, lot 239.
This is undoubtedly one of the most important cars in the history of automobile auctions. It paved the way for the limited series of the 275 GTB/C (without the word Speciale) of which a unit made in 1966 was sold for € 5.7 million including premium by RM Auctions on May 10, 2014.
I invite you to play the video shared on YouTube by RM Auctions.
POST SALE COMMENT
The special series of 275 GTB are confirmed as the most prestigious Ferrari cars after the 250 GTO. This 275 was sold for $ 24M before fees, 26.4M including premium.
It achieves a similar price as the 275 GTB / 4 NART that was sold for $ 27,5M including premium by RM Auctions on August 17, 2013.
1964 Prototype or Grand Touring
2015 SOLD for $ 17.6M including premium
Ferrari improves his models, but the high end is too elitist. Race regulating organisms harden against him the rules of Grand Touring, which must be based on a commercial production exceeding 100 units. Unqualified cars enter the Prototype category which is less in view from the public.
The 250 GTO was narrowly GT homologated. Ferrari's argument that it is a variant of the 250 GT SWB Berlinetta is technically difficult to counter. The history of the 250 LM will be different and this car just as effective as the 250 GTO will not reach the same prestige.
Ferrari is unable to obtain the GT homologation for the LM. Officials have not been duped. It is not really a GT because it is derived from the 250 P prototypes with a 3-liter engine launched in 1963 for track competition. The LM should also not be a 250 because its 3.3-liter engine is better ranked in the new Ferrari 275 class opened at the same time.
32 Ferrari 250 LM are built, most of them in 1964. The body is made by Scaglietti on a design by Pinin Farina. They are primarily intended for the track. One of them wins the 24 Hours of Le Mans in 1965, driven by Jochen Rindt.
A 250 LM manufactured in 1964 remained in an exceptional original condition after a racing history without incident. It was sold for $ 14,3M including premium by RM Auctions on November 21, 2013. Another one that had burned in 1969 was sold for $ 11,6M including premium by RM Auctions on August 15, 2014.
On August 13 in Monterey, RM Sotheby's sells a 250 LM, also from 1964, lot 113, which is one of the best preserved of this model after an intensive racing history.
The 250 GTO was narrowly GT homologated. Ferrari's argument that it is a variant of the 250 GT SWB Berlinetta is technically difficult to counter. The history of the 250 LM will be different and this car just as effective as the 250 GTO will not reach the same prestige.
Ferrari is unable to obtain the GT homologation for the LM. Officials have not been duped. It is not really a GT because it is derived from the 250 P prototypes with a 3-liter engine launched in 1963 for track competition. The LM should also not be a 250 because its 3.3-liter engine is better ranked in the new Ferrari 275 class opened at the same time.
32 Ferrari 250 LM are built, most of them in 1964. The body is made by Scaglietti on a design by Pinin Farina. They are primarily intended for the track. One of them wins the 24 Hours of Le Mans in 1965, driven by Jochen Rindt.
A 250 LM manufactured in 1964 remained in an exceptional original condition after a racing history without incident. It was sold for $ 14,3M including premium by RM Auctions on November 21, 2013. Another one that had burned in 1969 was sold for $ 11,6M including premium by RM Auctions on August 15, 2014.
On August 13 in Monterey, RM Sotheby's sells a 250 LM, also from 1964, lot 113, which is one of the best preserved of this model after an intensive racing history.
1967 The North American Ferrari
2013 SOLD 27.5 M$ including premium
Ferrari has always endeavoured to flatter its American customers. The designations America, Superamerica and California attributed to high end variants are a convincing evidence of that fact.
Former winner of the 24 Hours of Le Mans, Luigi Chinetti was a skilled agent of Ferrari in the United States. In 1958, he created the North American Racing Team (NART) that got very good results, in Europe also.
For his network of passionate customers, Chinetti negotiated in 1967 with Ferrari a special order for a new sports model to be built by Scaglietti on the 275GTB chassis.
Ten Ferrari 275GTB / 4 NART Spider cars were produced, a quantity certainly lesser than Chinetti's demand. Times are tough for Ferrari, who had to put an end to the 250GTO and escaped very narrowly an acquisition by Ford.
This rare NART Spider appears as an outstanding post-GTO model fitted to arouse passions. This small convertible is very efficient and highly elegant, and would later be imitated. Some owners of 275GTB in more standard variants will even wish to rebuild their car as a NART Spider.
One of the ten original 275GTB / 4 NART Spider cars remained in the family of the original owner who adored it. It is sold for the benefit of charities by RM Auctions in Monterey on 16 and 17 August.
I invite you to play the video shared on YouTube by Petrolicious for RM Auctions.
POST SALE COMMENT
This Ferrari was sold for $ 25M before fees. It is in very good condition and was sold to benefit charities, but this price is especially recognizing one of the best models that followed the 250 GTO.
Former winner of the 24 Hours of Le Mans, Luigi Chinetti was a skilled agent of Ferrari in the United States. In 1958, he created the North American Racing Team (NART) that got very good results, in Europe also.
For his network of passionate customers, Chinetti negotiated in 1967 with Ferrari a special order for a new sports model to be built by Scaglietti on the 275GTB chassis.
Ten Ferrari 275GTB / 4 NART Spider cars were produced, a quantity certainly lesser than Chinetti's demand. Times are tough for Ferrari, who had to put an end to the 250GTO and escaped very narrowly an acquisition by Ford.
This rare NART Spider appears as an outstanding post-GTO model fitted to arouse passions. This small convertible is very efficient and highly elegant, and would later be imitated. Some owners of 275GTB in more standard variants will even wish to rebuild their car as a NART Spider.
One of the ten original 275GTB / 4 NART Spider cars remained in the family of the original owner who adored it. It is sold for the benefit of charities by RM Auctions in Monterey on 16 and 17 August.
I invite you to play the video shared on YouTube by Petrolicious for RM Auctions.
POST SALE COMMENT
This Ferrari was sold for $ 25M before fees. It is in very good condition and was sold to benefit charities, but this price is especially recognizing one of the best models that followed the 250 GTO.
