Ferrari Nets Record Price at Auction
05-20-2008, 01:41 PM
#1
The sizzle in the Steak
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Ferrari Nets Record Price at Auction
NEW YORK (May 19) -- A 1961 Ferrari California Spyder sold for $10,894,900 at an auction in Maranello, Italy, Saturday. It was the highest price ever paid for a vintage car at auction, according to RM Auctions and Sotheby's, the companies that organized the sale.
The previous record was set in 1990 when Sotheby's sold a 1962 Ferrari 250 GTO in Monaco for $10,756,000.
But that was a race car, not a convertible designed for driving on the street, pointed out McKeel Hagerty, president of Hagerty Insurance, a company that insures high-value collectible cars in Europe and North America.
Ferrari race cars have traditionally sold for much higher figures than the company's street cars, Hagerty said.
"Ferrari 250 GTO's are now selling privately for twice that," he said
http://news.aol.com/business/story/_...485x1200096680
The previous record was set in 1990 when Sotheby's sold a 1962 Ferrari 250 GTO in Monaco for $10,756,000.
But that was a race car, not a convertible designed for driving on the street, pointed out McKeel Hagerty, president of Hagerty Insurance, a company that insures high-value collectible cars in Europe and North America.
Ferrari race cars have traditionally sold for much higher figures than the company's street cars, Hagerty said.
"Ferrari 250 GTO's are now selling privately for twice that," he said
http://news.aol.com/business/story/_...485x1200096680
05-20-2008, 02:54 PM
#3
on to the next one...
Originally Posted by Moog-Type-S
NEW YORK (May 19)
....The previous record was set in 1990 when Sotheby's sold a 1962 Ferrari 250 GTO in Monaco for $10,756,000.
But that was a race car, not a convertible designed for driving on the street, pointed out McKeel Hagerty, president of Hagerty Insurance, a company that insures high-value collectible cars in Europe and North America.
"Ferrari 250 GTO's are now selling privately for twice that," he said
http://news.aol.com/business/story/_...485x1200096680
....The previous record was set in 1990 when Sotheby's sold a 1962 Ferrari 250 GTO in Monaco for $10,756,000.
But that was a race car, not a convertible designed for driving on the street, pointed out McKeel Hagerty, president of Hagerty Insurance, a company that insures high-value collectible cars in Europe and North America.
"Ferrari 250 GTO's are now selling privately for twice that," he said
http://news.aol.com/business/story/_...485x1200096680
05-20-2008, 03:48 PM
#5
The sizzle in the Steak
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05-20-2008, 03:49 PM
#6
The sizzle in the Steak
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Trending Topics
05-20-2008, 04:29 PM
#9
Drifting
Originally Posted by charliemike
IIRC, this current Ferrrari is a black Ferris Bueller Spyder.
man, too bad Cam kicked it off the jack stands when they were trying to reverse the miles off it...
05-20-2008, 04:35 PM
#10
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Originally Posted by te3point5
man, too bad Cam kicked it off the jack stands when they were trying to reverse the miles off it...
05-20-2008, 05:09 PM
#11
Senior Moderator
05-20-2008, 08:32 PM
#13
What a beautiful car.
I remember going to the movie "Ferris Bueller's Day Off" in the mid eighties just to see the car. If I can recall correctly, three of them were replicated for the movie, all based on of all things, an MG chassis. One was reportedly sold to a collector in Vancouver, Canada in the late eighties. I remember seeing one there at a distance in the early nineties, but was too far away to see if it was real or not.
Terry
I remember going to the movie "Ferris Bueller's Day Off" in the mid eighties just to see the car. If I can recall correctly, three of them were replicated for the movie, all based on of all things, an MG chassis. One was reportedly sold to a collector in Vancouver, Canada in the late eighties. I remember seeing one there at a distance in the early nineties, but was too far away to see if it was real or not.
Terry
05-20-2008, 09:27 PM
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Originally Posted by bgsm1th
So, does that mean people are arranging $20 million private deals for these cars?
05-20-2008, 10:58 PM
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Originally Posted by teranfon
What a beautiful car.
I remember going to the movie "Ferris Bueller's Day Off" in the mid eighties just to see the car. If I can recall correctly, three of them were replicated for the movie, all based on of all things, an MG chassis. One was reportedly sold to a collector in Vancouver, Canada in the late eighties. I remember seeing one there at a distance in the early nineties, but was too far away to see if it was real or not.
Terry
I remember going to the movie "Ferris Bueller's Day Off" in the mid eighties just to see the car. If I can recall correctly, three of them were replicated for the movie, all based on of all things, an MG chassis. One was reportedly sold to a collector in Vancouver, Canada in the late eighties. I remember seeing one there at a distance in the early nineties, but was too far away to see if it was real or not.
Terry
Yes, the 250 GTOs were great looking, even if I'm generally partial to the Pininfarina mid-engine Ferraris.
05-21-2008, 11:29 AM
#20
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There were 51 250GT California SWB's (Short Wheelbase) built, most of them spec'd to the owner's desires so no two are exactly alike. 10 Million was over twice the top estimate, and it apparently was a war between two bidders that simply wouldn't give up.
Egads, 10 mil. That's wacky money.
Egads, 10 mil. That's wacky money.
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