Equipment
2053/240hp, 4-speed, Borrani wheels, books and tools. Shown at Salon Prive, Villa d’Este, The Quail, and Cavallino Classic, featured in Sports Illustrated, September 1959, Ferrari Classiche certified.
Condition
#3 Good
Runs and drives well. Flaws not noticeable to passersby. Most common condition.
The paint finish has some polishing marks that show up in direct light. The chrome is very good, and the chrome wire wheels have only been polished on the outer rim but the nooks and crannies have fading and oxidation. The underbody is very clean but shows age and the interior presents well with what appears to be freshly redone upholstery. An old restoration from 2012 that has held up well.
Market commentary
Sold by Christie’s at Pebble Beach in 2001 for $831,000 then restored again in 2012. Passed on the block at this result, reported sold at an undisclosed amount after the auction. The math works like this: Had it sold for the $9 million low estimate the consignor would have netted about $8.5 million after an assumed moderate commission. At the high bid RM would have received $9.355 million leaving $855,000 to make a deal work and a realistic range for a compromise to everyone’s benefit. The numbers could still work even if there were 0% seller’s commission and as all auctions know, some commission is better than no commission.