1959 Ferrari 250 California LWB

VIN: 1307GT

$3,571,344

Sold

Seller details

  • Auction

    RM Auctions

  • Location

    Villa Erba, IT

  • Event date

    May 21, 2011

  • Lot

    122

Vehicle specs

  • Chassis/VIN

    1307GT

  • Body style

    Spider (open headlight)

  • Engine Type

    V12

  • Horsepower

    240

  • Induction

    3x2 bbl

  • Interior Color

    Black

  • Exterior Color

    Dark Blue

  • Generation

    1957-1963 Ferrari 250 California Spider

Vehicle details

Notes and observations recorded by Hagerty staff.

Equipment

Cold air box, chrome spoke Borranis, Blaupunkt multiband radio, electric fan, Marchal fog lights in grille, mesh backed front fender vents, ignition switch moved to driveshaft tunnel mounted box, modified BMW 507 hardtop long associated with this chassis. Thankfully not yet modified to covered headlights. Represented to have its original engine. Excellent paint, chrome and interior but no longer fresh. Freshly detailed engine compartment. Ferrari Classiche certified.

Market commentary

This cars history is illustrative of the long wheelbase California Spyders ascent in value from merely expensive to ionospheric. RM offered it in New York in 2002 in Metallic Green where it no saled at $840,000, repeating that performance at Amelia in 2003 at an $850,000 high bid. It came back to Amelia in 2009 with its current paint job but lacking some details now attended to and was reported bid to $1,975,000. Its a better car today and cracked through even RMs generous high estimate to hammer sold at this price, helped significantly by the strength of the Euro. While its $1.3 million more than bid at Amelia, the Euro price is not quite 700,000 above its 2009 equivalent. Thats still breathtaking, but not quite as much as it is in dollars.

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