1959 Ferrari 250 GT

VIN: 1195GT

$715,000

Sold

Seller details

  • Auction

    Auctions America

  • Location

    Ft. Lauderdale, FL; US

  • Event date

    Mar 27 - Mar 29, 2015

  • Lot

    452

Vehicle specs

  • Chassis/VIN

    1195GT

  • Body style

    Coupe

  • Odometer

    87659 K

  • Engine Type

    V12

  • Horsepower

    240

  • Induction

    3 Weber Carbs

  • Interior Color

    Black leather

  • Exterior Color

    Red

  • Generation

    1958-1960 Ferrari 250 GT

Vehicle details

Notes and observations recorded by Hagerty staff.

Equipment

Triple Webers, chrome Borrani wire wheels, Cinturato tires, locking filler cap, Nardi woodrim steering wheel, Veglia dash clock, La Chaperon pushbutton radio.

Condition

One of the stars of the no reserve lots offered by the Cayman Motor Museum The 98th of 353 cars built, it was sold new in Rome and was in the United States by the 1980s and was in the Cayman Museum by 1990 showing 87,659 km Today it shows dull chrome, tired but sound paint, lightly scratched window glass and a dusty but complete engine bay The interior is good and lightly worn and the bottoms of the exhaust tips are scraped and bent Certain and expensive mechanical freshening is ahead, but the appeal of this cars originality is obvious

Market commentary

The appeal of this Pf Coupe isnt originality; its been restored. It isnt history; much of it is missing. It isnt condition; the old restoration is showing its age inside and out, top and bottom. The appeal of this Pf Coupe is that it was offered without reserve and aggressively promoted, leading bidders to keep coming back for more well after passing any reasonable value for it. Its a charming old car, but one for which $400,000 would have been more in keeping with the current markets enthusiastic pricing of 250 GT Pf Coupes than the gold plated price it brought. Record prices do not set the curve until theyre reinforced by other similar results. This is an outlier on Pf Coupe values.

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