The most expensive vehicle ever sold online was a well-kept 1966 Ferrari 275 GTB Long Nose, which brought in $3.08 million at Gooding & Company’s first internet-only auction, which ended on Wednesday.
According to Gooding & Company, the Ferrari was one of fewer than 40 versions that were factory-equipped with the enhanced torque tube driveshaft and high-performance six-carburetor intake. It was offered from the collection of an unnamed American collector. It had a highly unusual external fuel filling cap in the competition style, a unique color scheme of Bianco (white), and beige, full-leather interior.
The vehicle was finished in September 1966, and its initial owner in Italy kept it in his collection until 1969. The car was then sold to a U.S. dealer and passed through a few hands over the years. According to Gooding & Company, it was sold to an automobile collector in New Mexico in 1995.
According to the auction house, the odometer read just over 81,000 kilometers, or 50,000 miles, which is thought to be the car’s original mileage.
With a sell-through rate of 71%, the 77-lot Geared Online sale brought in a total of $14.5 million.
possessed the second to fourth most costly vehicles purchased at this auction, including a 2003
that brought in $2.354 million, $2.134 million for a 1995 Ferrari F50, and $1.628 million for a 1992 Ferrari F40.
Both our customers and the business enjoyed remarkable success from our first-ever online-only sale.
Gooding & Company’s president and founder said in a statement. “Despite the uncertainty of the times, demand for high-quality cars has not diminished.”
The most expensive vehicle ever sold at auction was a 1962 Ferrari 250 GTO, which fetched $48 million in August 2018 at an RM Sotheby’s sale in Monterey, California.
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How much is a Ferrari from 1963 worth?
In the world of collectable cars, the Ferrari 250 GTO is recognized as the Holy Grail. It is one of the rarest Ferraris in existence and one of the most successful racing cars of its era, which only increases the value of this historical artifact. Only 36 units were produced between 1962 and 1964.
There is no such thing as a cheap Ferrari 250 GTO, but this specific model from 1963 with the serial number 4153 GT currently holds the record for the most expensive vehicle ever sold at auction for a staggering $70,00,000. This front-engined GT car was capable of reaching 174 mph, which was unheard of at the time, and ran the quarter-mile in just 13.1 seconds thanks to its 302 horsepower Tipo Comp. 3-liter V-12 and 5-speed gearbox with Porsche-style synchromesh. One of the main factors in this record-breaking example’s high price is the fact that it even won the Tour de France in 1964. If and when the anonymous owner of this legendary piece of automotive history decides to sell it, the same example is predicted to bring over $100 million.
What is the value of a 1967 Ferrari?
An orphan-turned-millionaire from North Carolina sold a rare 1967 Ferrari at auction for $27.5 million.
According to the Los Angeles Times, the red Ferrari was one of just 10 ever produced, and its single-family ownership raised interest in the sale.
Eddie Smith, the late owner, served as Lexington, North Carolina’s mayor. Age 88, he passed away in 2007. The vehicle has since been kept in a specially constructed garage.
Before the auction started on Saturday, Eddie Smith Jr. informed the crowded room, “This is a sad moment for us.” “Ferraris came and went, but thank God this one remained. For 45 years, our family adored it.”
The 275 GTB/4*S Ferrari’s sale RM Auctions in Monterey handled N.A.R.T. Spider. North American Racing Team, sometimes known as N.A.R.T., was a Ferrari-backed enterprise established in the late 1950s to advance the nameplate in the United States.
“Drive it, love it, appreciate it, and more importantly, share it with others so they can see it,” Smith Jr. encouraged the new owner. The new owner has not been made public by the auction house.
According to Smith Jr., the family was donating all revenues to various charity in keeping with his father’s philanthropic nature.
Smith Sr. was well-liked in Lexington and made his fortune from a mail-order business he founded. He was the chamber of commerce, hospital, and college boards’ chairman from 1970 to 1975.
The devoted auto enthusiast had a number of Ferraris, but the 275 N.A.R.T. Spider was his favorite because he adored its appearance, sound, and feel, according to Smith Jr.
He added, “Dad wouldn’t want the automobile to be locked away, he would want to enjoy it. “He would still drive it even when the worth exceeded a million dollars.”
The 1968 movie “The Thomas Crown Affair” has a scene involving the 275 N.A.R.T. Spider, according to the Los Angeles Times.
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How much is a Ferrari California from the 1960s worth?
At the Pebble Beach auction, a 1960 Ferrari California that was exceptionally uncommon sold for a record sum.
Ferrari had a very good weekend at Pebble Beach since both new and used cars received a lot of attention during Monterey auto week. A beautiful 2013 Ferrari F12 Berlinetta had its world debut, and a 1960 Ferrari 250 California Spider Competizione sold for a record-breaking $11,275,000 in the old. The incredibly unusual automobile is one of only nine LWB California Spiders constructed with alloy bodies for competition.
Over the weekend, an unnamed collector paid the record sum and will store it in a personal collection. The unusual race automobile, which is part of the Sherman M. Wolf collection, has only had two owners. In 1979, Wolf bought the original owner’s 1960 Ferrari 250 California Spider Competizione, and he kept the car up until this weekend.
The 2,953 CC SOHC Tipo 168 V-12 engine of the 1960 Ferrari 250 GT LWB California generates 270 horsepower. It had covered headlights and disc brakes as standard equipment because it was newly constructed for competition. 1639 GT is the chassis number. The unusual race car has a prestigious concours history and has received numerous honors over the years.
Another vintage Ferrari from the same collection, the 1985 288 GTO, sold for $1 million at the same auction, while a 340 MM Spider went for over $4.5 million, according to Ferrari. Ferraris are still in high demand among collectors and this year are fetching record prices. In May, the Sterling Moss 1962 Ferrari 250 GTO sold for a record-breaking $35 million, as we previously mentioned. One of the 39 GTOs built from 1962 to 1964 was the infamous green car.
Many Ferraris are the most sought-after antique automobiles by collectors, despite the fact that most cars are depreciating assets and poor investments. Historic Automobile Group International (HAGI), a company based in London, has discovered statistics showing that the cost of vintage Ferraris rose by 4.82 percent in the first quarter of 2012. Ferraris are the ideal investment for seasoned collectors and rich individuals looking to diversify their holdings.
Ferrari boasts one of the largest restoration facilities for vintage Ferraris in the entire globe for anybody wishing to restore their antique vehicle. Ferrari Classiche was created especially to offer owners of vintage Ferraris restoration and maintenance services, technical support, and Certificates of Authenticity. The restoration facility is located in the former Ferrari foundry, and the Maranello factory’s offices and workshop span 950 square meters. In July 2006, Ferrari President Luca di Montezemolo formally opened Ferrari Classiche.
uncommon automobiles like the 1960 Ferrari 250 GT LWB California will continue to fetch high prices at auction, making them an excellent investment if you have the cash.
What is the value of a Ferrari 275 GTS?
A two-seat grand touring spider, the 275 GTS was built from 1964 to 1966. The 275 GTS and 275 GTB were both released at the same time, and w…
A two-seat grand touring spider, the 275 GTS was built from 1964 to 1966. The 3.3 liter V12, transaxle, chassis, and completely independent suspension were all shared by the 275 GTS and 275 GTB, which were both released at the same time. According to Ferrari, the 275 GTS’s engine generated 260 horsepower (190 kW). Although there was likely little difference in the engines between the versions, this was less than the 275 GTB’s stated 280 horsepower.
A 1965 Ferrari 275 GTS sold for $2,260,000 on August 20, 2022, making it the most expensive transaction ever.
A 1966 Ferrari 275 GTS sold for $1,100,000 on August 16th, 2019, according to records.
What is the price of a vintage Ferrari?
There is one thing you should be aware of first if you are new to the world of antique Ferraris. There isn’t a low-cost version of any of these cars, according to GQ. Any vintage Ferrari can start in the six figures, even if you have your eye on a less than remarkable model. Even entry-level models have a price tag of $75,000 to $125,000.
One of these iconic Ferraris will be expensive to restore and maintain. Expect to spend $1,000 a year just on oil changes. The cost of an engine belt service ranges from $8,000 to $10,000. And even if you do manage to save a little money when buying a vintage Ferrari, be ready to shell out thousands of dollars for repairs and enhancements.
What does a 1980 Ferrari cost?
The pricing range for the Ferrari 308 1980 is $52,200 for the Coupe 308 GTB in its base trim to $77,000 for the Coupe 308 GTS in its top trim. Leaded gasoline is available for the Ferrari 308 1980.
What is the value of a Ferrari 250 GTO?
So, from where did this amazing car originate? According to legend, Enzo Ferrari was searching for a rival to the Jaguar E-Type. That, according to Digital Trends, is the reason the 1963 Ferrari 250 GTO exudes style and charm. However, this car is primarily intended for racing.
Gran Turismo Omologato, or “Race Homologation Special,” is what “GTO” stands for. Since then, the GTO moniker has come to mean high performance, quickness, and racing prowess. The original 250 GTO won the 1963 Tour de France after a strong start.
The 1963 Ferrari 250 GTO was always a somewhat costly vehicle, looking back. The original price of the production model was around $18,000, or $153,000 in today’s money. Enzo himself had to assess and approve buyers as part of the procedure.
There is substantial debate over how many of these vintage Prancing Horses were made; estimates range from 36 to 39, according to Road & Track. Ferrari, however, affirms that it ultimately produced and sold 39 vehicles.
As they changed hands over time, different Ferrari 250 GTO models had varying prices. A 250 GTO actually cost $5,400 when it was sold privately in 1962, before all the fanfare. A restored GTO owned by Ralph Lauren sold for $4.2 million 20 years later. The price of the Ferrari 250 GTO has only risen in more recent years; a 1962 example was sold privately in 2012 for $35 million. Another 250 GTO also set an auction record in August 2014 when it sold for $38.1 million, according to Forbes.
Undoubtedly, a vehicle’s value might soar to new heights due to limited manufacture. But why is the price of the 1963 Ferrari 250 GTO so outrageous? And how does this storied collector automobile stack up against other pricey vehicles out there? Apparently, there is a lot more to learn about the Ferrari 250 GTO.