Ferrari from LWB to GTO
See also : Ferrari California Spider Cars 1951-1959 Cars 1956-57 Cars 1958-59 Cars of the 1960s Cars 1960-61 Cars 1962-63 Italy Movies
Chronology : 1957 1959 1962
Chronology : 1957 1959 1962
1957 Prototipi for the Mille Miglia
2016 SOLD for € 32M including premium
The Prototipi class in endurance racing enables Ferrari to develop in the mid-1950s a range of powerful and spectacular vehicles made in very small quantities. The top goal is to win the Mille Miglia.
In 1956, Ferrari's efforts were rewarded by a return to victory with a 290 MM driven by Castellotti. Another 290 MM driven by Fangio went fourth. This latter car was sold for $ 28M including premium by RM Sotheby's on 10 December 2015.
In 1957 the 315 S with a 3.8-liter engine and the 335 S with a 4-liter engine appear as the successors to the 290 MM. A 315 S driven by Taruffi won the race ahead of another 315 S driven by Von Trips. Unfortunately the most prestigious Italian endurance competition is forbidden by the Italian government following the accident of the 335 S of De Portago.
Other competitions continue and the cars are subject to the improvements necessary to maintain their competitiveness. The Ferrari 315 S which had been used by Von Trips receives a 4-liter engine, becoming a 335 S. It is also equipped with the fender pontoon front intended to reduce the overheating, which makes the glory in the same year of the 250 Testarossa .
After a very good competition history, the 315 S / 335 S enters the collection of Pierre Bardinon who restores it in its spider configuration while separately keeping the pontoon fender that still accompanies the car today. It is estimated € 28M for sale by Artcurial in Paris on February 5, lot 170. Here is the link to the press release.
In 1956, Ferrari's efforts were rewarded by a return to victory with a 290 MM driven by Castellotti. Another 290 MM driven by Fangio went fourth. This latter car was sold for $ 28M including premium by RM Sotheby's on 10 December 2015.
In 1957 the 315 S with a 3.8-liter engine and the 335 S with a 4-liter engine appear as the successors to the 290 MM. A 315 S driven by Taruffi won the race ahead of another 315 S driven by Von Trips. Unfortunately the most prestigious Italian endurance competition is forbidden by the Italian government following the accident of the 335 S of De Portago.
Other competitions continue and the cars are subject to the improvements necessary to maintain their competitiveness. The Ferrari 315 S which had been used by Von Trips receives a 4-liter engine, becoming a 335 S. It is also equipped with the fender pontoon front intended to reduce the overheating, which makes the glory in the same year of the 250 Testarossa .
After a very good competition history, the 315 S / 335 S enters the collection of Pierre Bardinon who restores it in its spider configuration while separately keeping the pontoon fender that still accompanies the car today. It is estimated € 28M for sale by Artcurial in Paris on February 5, lot 170. Here is the link to the press release.
California Spider
Intro
Concerned about competition, Enzo Ferrari was not interested in convertibles, but he could not ignore these sports cars that will be necessary to the profitability of his business. He includes in his catalog in 1957 the Ferrari 250 GT Pinin Farina Cabriolet which will bring a great commercial success. In the same year, the improvement of the 250 GT chassis is primarily intended for competition berlinettas.
Two dealers, Von Neumann in California and Chinetti in New York, considers that the new Ferraris do not respond to the desires of the American market. The Cabriolet Pinin Farina targets a clientele of billionaires and should not be compared with a sports car. The berlinetta interposes its hardtop between its seaters and the Californian sun. It is even more unfortunate when considering that celebrities enjoy the convertibles for better agglutinating the paparazzi around the luxury and elegance of their privileged lives.
Both manage to convince Ferrari to assemble a convertible on the new frame, for the wealthy American customers wishing to have a vehicle usable altogether for city and sport.
Enzo Ferrari is reluctant. In December 1957, however, he releases a prototype that meets the demands of his US partners. Scaglietti, the coachbuilder who was assembling the TdF, had used the same chassis model to build a cabriolet, without bringing other technical innovations. Nevertheless this car intended for an American use already includes the option of covered headlamps, prohibited in Italy.
The prototype is delivered in January 1958 to a customer in Florida via Chinetti. It was sold for $ 6.6M by Gooding on August 19, 2012.
The new 250 GT is finally announced as a separate model in December 1958, under the name Ferrari 250 Granturismo Spyder California which can be abbreviated as Ferrari 250 California. The term 'cabriolet' is carefully avoided to maintain the sales of the very expensive 250 GT Cabriolet Pinin Farina. The word Spyder, with a Y like for the Porsche Spyder, appeals new customers who desire a dual use in road and competition. This model will soon be known as Ferrari 250 GT LWB California Spider.
Scaglietti begins assembling a series in June 1958 with an average rate of two cars per month, without making any other prototype.
Ferrari did not restrain the 250 GT spider to the American market as he will do in 1967 when Chinetti will force his hand for another cabriolet, the Ferrari 275 GTB / 4 NART Spider.
Two dealers, Von Neumann in California and Chinetti in New York, considers that the new Ferraris do not respond to the desires of the American market. The Cabriolet Pinin Farina targets a clientele of billionaires and should not be compared with a sports car. The berlinetta interposes its hardtop between its seaters and the Californian sun. It is even more unfortunate when considering that celebrities enjoy the convertibles for better agglutinating the paparazzi around the luxury and elegance of their privileged lives.
Both manage to convince Ferrari to assemble a convertible on the new frame, for the wealthy American customers wishing to have a vehicle usable altogether for city and sport.
Enzo Ferrari is reluctant. In December 1957, however, he releases a prototype that meets the demands of his US partners. Scaglietti, the coachbuilder who was assembling the TdF, had used the same chassis model to build a cabriolet, without bringing other technical innovations. Nevertheless this car intended for an American use already includes the option of covered headlamps, prohibited in Italy.
The prototype is delivered in January 1958 to a customer in Florida via Chinetti. It was sold for $ 6.6M by Gooding on August 19, 2012.
The new 250 GT is finally announced as a separate model in December 1958, under the name Ferrari 250 Granturismo Spyder California which can be abbreviated as Ferrari 250 California. The term 'cabriolet' is carefully avoided to maintain the sales of the very expensive 250 GT Cabriolet Pinin Farina. The word Spyder, with a Y like for the Porsche Spyder, appeals new customers who desire a dual use in road and competition. This model will soon be known as Ferrari 250 GT LWB California Spider.
Scaglietti begins assembling a series in June 1958 with an average rate of two cars per month, without making any other prototype.
Ferrari did not restrain the 250 GT spider to the American market as he will do in 1967 when Chinetti will force his hand for another cabriolet, the Ferrari 275 GTB / 4 NART Spider.
1
1959 Aluminum for Chinetti
2017 SOLD for $ 18M including premium
Designed on the 250 GT chassis as a cabriolet to please American customers, the California Spider (or Spyder) was not expected by Ferrari to compete in endurance racing against the berlinetta nicknamed TdF built on the same chassis.
It was however tempting to push the California into the competition. Luigi Chinetti is acting between Ferrari and American customers. Having been at the origin of the California project, he obtains from Ferrari the delivery of aluminum alloy bodied spiders.
In 1959 the 250 GT chassis is still in its long version which will later be identified as LWB. For the 24 hours of Le Mans in that year Chinetti and his NART team enter three Ferraris : a 250 Testa Rossa, a 250 TdF and a California Spider.
Released from the factory under pressure from Chinetti five days before Le Mans with a simple flash of paint and a far from completeinterior layout, this 250 GT LWB California Spider is the second of its kind in the Competizione configuration. Driven by its first owner and a co-driver, this brand new car ends the event with a very good result : 5th overall and 3rd in class. It was afterward honorably participating in various American competitions in 1959 and 1960.
This high-end car with a competition history is still more desirable since it was restored in 2011 by Motion Products Inc., the company of Wayne Obry. It is for sale by RM Sotheby's in New York on December 6, lot 141 estimated $ 14M.
One of the seven (or eight) other LWB aluminum bodied Spiders was sold for $ 18M including premium by Gooding on August 20, 2016. Ferrari and NART did not push this solution much further : only three SWB Spiders will be built for competition.
It was however tempting to push the California into the competition. Luigi Chinetti is acting between Ferrari and American customers. Having been at the origin of the California project, he obtains from Ferrari the delivery of aluminum alloy bodied spiders.
In 1959 the 250 GT chassis is still in its long version which will later be identified as LWB. For the 24 hours of Le Mans in that year Chinetti and his NART team enter three Ferraris : a 250 Testa Rossa, a 250 TdF and a California Spider.
Released from the factory under pressure from Chinetti five days before Le Mans with a simple flash of paint and a far from completeinterior layout, this 250 GT LWB California Spider is the second of its kind in the Competizione configuration. Driven by its first owner and a co-driver, this brand new car ends the event with a very good result : 5th overall and 3rd in class. It was afterward honorably participating in various American competitions in 1959 and 1960.
This high-end car with a competition history is still more desirable since it was restored in 2011 by Motion Products Inc., the company of Wayne Obry. It is for sale by RM Sotheby's in New York on December 6, lot 141 estimated $ 14M.
One of the seven (or eight) other LWB aluminum bodied Spiders was sold for $ 18M including premium by Gooding on August 20, 2016. Ferrari and NART did not push this solution much further : only three SWB Spiders will be built for competition.
2
1959 A California Spider in Lightweight Alloy
2016 SOLD for $ 18M including premium
The Ferrari 250 GT California Spider in the wheel base later identified as LWB is a series of 50 sports cars produced to please American customers between 1957 and 1960. The SWB is its successor. The brand continually works to improve its products and remains attentive to specific needs, which can create significant disparities from one vehicle to another.
Nine 'LWB' were originally built for competition with a lightweight body in aluminum alloy. A California Spider 'LWB' Competizione built in 1959 is for sale on August 20 by Gooding in Pebble Beach, lot 033. It is illustrated in the post shared by Forbes.
The settings of this model had been specially effective, including some engine components from the Testa Rossa to achieve a compression ratio of 9.8: 1, the highest of all the LWB, and a power of 275 hp about 50 hp over the basic model. Its features include from the origin the disc brakes, a rarity at that time, and its headlights are covered.
Sold to Chinetti for George Reed who was Ferrari's agent in Illinois and Wisconsin, it was raced with some parsimony until 1964 and remains in a matching numbers configuration for all its major elements.
This car is exceptional when considering that it is the best performing from all the LWB and that only three SWB California Spider Competizione were later assembled. It is estimated $ 18M.
Another LWB California Spider Competizione was sold for $ 11.3 million including premium on 18 August 2012, also by Gooding. Made in 1960, it had been used by Reed as a show car. It was in excellent condition but with no racing history.
Nine 'LWB' were originally built for competition with a lightweight body in aluminum alloy. A California Spider 'LWB' Competizione built in 1959 is for sale on August 20 by Gooding in Pebble Beach, lot 033. It is illustrated in the post shared by Forbes.
The settings of this model had been specially effective, including some engine components from the Testa Rossa to achieve a compression ratio of 9.8: 1, the highest of all the LWB, and a power of 275 hp about 50 hp over the basic model. Its features include from the origin the disc brakes, a rarity at that time, and its headlights are covered.
Sold to Chinetti for George Reed who was Ferrari's agent in Illinois and Wisconsin, it was raced with some parsimony until 1964 and remains in a matching numbers configuration for all its major elements.
This car is exceptional when considering that it is the best performing from all the LWB and that only three SWB California Spider Competizione were later assembled. It is estimated $ 18M.
Another LWB California Spider Competizione was sold for $ 11.3 million including premium on 18 August 2012, also by Gooding. Made in 1960, it had been used by Reed as a show car. It was in excellent condition but with no racing history.
3
1961 The Delon-Baillon California Spider
2015 SOLD for € 16.3M including premium by Artcurial
narrated in 2020
The Ferrari 250 GT California Spider with chassis 2935GT was exhibited in October 1961 at the Paris Motor Show. It is very elegant with the new short wheel base SWB chassis, now systematic for this model, and the rare option of covered headlights. The actor Gérard Blain bought it one week after the Salon closed.
Its second owner is Alain Delon, who uses it in Monaco and Los Angeles and is pictured with it with lovely passengers : Jane Fonda, Shirley MacLaine, his wife Nathalie. Delon sold it in 1965 with 37,000 km on the clock.
After several intermediaries, the car is acquired in 1971 by Roger Baillon and his son Jacques, contractors in truck bodywork and transport. In 1950, more than ten years before the Schlumpf brothers, Roger had started to recover and restore automotive masterpieces, with a view to create a museum.
Baillon puts the Ferrari in the barn. He probably does not use it, although he paid for its tax disc until 1975. The Baillon collection is secret, in large part because of the bankruptcy of the company. Some elements of the collection were seized and sold at auction near Niort in 1979 and 1985. The others remained hidden.
Jacques Baillon died in 2013. The heirs opened the hangar for an expertise by Artcurial on September 30, 2014, thus creating the most sensational "barn find" of modern times.
The storage had not been homogeneous. Two cars had been preserved from mist during these four decades, the Ferrari and a Maserati A6G 2000 Gran Sport berlinetta. Under its layer of dust, the Ferrari is in matching numbers, with intact bodywork except for the hood distorted under stacks of magazines, and with its original upholstery and documentation.
Artcurial is managing the auction in Paris on February 6, 2015, making a hype with the former belonging of the Ferrari to Delon. Connoisseurs are not mistaken : this car is an extremely rare untouched California Spider. Estimated € 9.5M, it is sold for € 16.3M including premium, lot 59. The Maserati fetched € 1.96M including premium. In a near collapse condition, an exceptional Talbot Lago T26 Grand Sport by Saoutchik was sold for € 1.7M including premium.
Its second owner is Alain Delon, who uses it in Monaco and Los Angeles and is pictured with it with lovely passengers : Jane Fonda, Shirley MacLaine, his wife Nathalie. Delon sold it in 1965 with 37,000 km on the clock.
After several intermediaries, the car is acquired in 1971 by Roger Baillon and his son Jacques, contractors in truck bodywork and transport. In 1950, more than ten years before the Schlumpf brothers, Roger had started to recover and restore automotive masterpieces, with a view to create a museum.
Baillon puts the Ferrari in the barn. He probably does not use it, although he paid for its tax disc until 1975. The Baillon collection is secret, in large part because of the bankruptcy of the company. Some elements of the collection were seized and sold at auction near Niort in 1979 and 1985. The others remained hidden.
Jacques Baillon died in 2013. The heirs opened the hangar for an expertise by Artcurial on September 30, 2014, thus creating the most sensational "barn find" of modern times.
The storage had not been homogeneous. Two cars had been preserved from mist during these four decades, the Ferrari and a Maserati A6G 2000 Gran Sport berlinetta. Under its layer of dust, the Ferrari is in matching numbers, with intact bodywork except for the hood distorted under stacks of magazines, and with its original upholstery and documentation.
Artcurial is managing the auction in Paris on February 6, 2015, making a hype with the former belonging of the Ferrari to Delon. Connoisseurs are not mistaken : this car is an extremely rare untouched California Spider. Estimated € 9.5M, it is sold for € 16.3M including premium, lot 59. The Maserati fetched € 1.96M including premium. In a near collapse condition, an exceptional Talbot Lago T26 Grand Sport by Saoutchik was sold for € 1.7M including premium.
4
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.
5
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.
6
1962
2023 SOLD for $ 18M by Gooding
A late production California Spider SWB was prepared in a rare and spectacular Azzurro Metallizzato color by Ferrari to be exhibited by Chinetti at the 1962 New York International Auto Show. It has been fitted with some options including the covered headlights. All its subsequent story was in California.
Sheltered in 1971 by a specialist of wrecked cars after a high speed skidding, it was treasured afterwards in only two collections. Restored in its original color in 2004, it won a platinum award at the 2006 Pebble Beach concours d'elegance.
Still fitted with its original chassis, coachwork, engine, gearbox and rear axle, it was sold for $ 18M by Gooding on March 3, 2023, lot 164. It is illustrated in the pre sale press release. Please watch the video shared by the auction house.
Sheltered in 1971 by a specialist of wrecked cars after a high speed skidding, it was treasured afterwards in only two collections. Restored in its original color in 2004, it won a platinum award at the 2006 Pebble Beach concours d'elegance.
Still fitted with its original chassis, coachwork, engine, gearbox and rear axle, it was sold for $ 18M by Gooding on March 3, 2023, lot 164. It is illustrated in the pre sale press release. Please watch the video shared by the auction house.
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.
