Pebble Tour... heaven on earth[ATTACH][ATTACH][ATTACH]
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250GTO really struggled to get to 34,650,000 Last bids were 50K increments. The boom is over. Meanwhile, Gilles' T3 only made 2.6m. Says everything about the clueless speculators. Image Unavailable, Please Login Image Unavailable, Please Login
http://www.nytimes.com/2014/08/15/automobiles/collectibles/bonhams-auctions-a-ferrari-250-gto-for-38-million-at-pebble-beach.html CARMEL, Calif. — A Ferrari 250 GTO Berlinetta, one of 36 built in 1961-64, sold for $38.1 million at the Bonhams Quail Lodge Auction here on Thursday evening. The sale is one of many events taking place this week on the Monterey Peninsula of California in conjunction with Sunday’s Pebble Beach Concours d'Élégance. At a time when prices of vintage cars have been rising to new heights, Ferrari GTOs have been considered strong candidates for resetting the record for the most expensive automobile sold at auction. In that sense, the hammer price of $34.65 million (before the buyer’s premium) was a success, though it fell short of expectations by some that exceeded $50 million. This sale, for the 250 GTO with the serial number 3851 on its firewall, one of the earlier examples of the model, was the first public offering of one of these cars in many years. A webcast of the auction began at 8 p.m. For most of its existence, the car belonged to Fabrizio Violati, a wealthy Italian amateur driver who died in 2010. The former French Olympic ski champion Henri Oreiller was killed while driving it in a race at Montlhéry, France, in 1962. The car was rebuilt by the Ferrari factory. The 250 GTO was the last front-engine competition coupe to be built by Ferrari. It was succeeded by the midengine 250 LM model in 1965.
The ex Gilles Villeneuve T3 had sat in the museum slowly decaying for decades. I saw it a few years back and it would need EVERYTHING done to make it a runner. In light of that I would have said $2.6 million was strong money. The GTO on the other hand was very weak for that particular car.
I don't understand your logic....car sells for highest amount of money ever, and you say that indicates that the boom is over?? A Ferrari 250 GTO Berlinetta once owned by Jo Schlesser - who was killed on his Formula One debut in 1968 - has been sold at auction for a world record £22.8 million ($38.1 million). The car was purchased by Schlesser in 1962 when he was just a young French privateer, and immediately entered into the 5,500-kilometer (3,418-mile) Tour de France Automobile that year along with French racing celebrity Henri Oreiller. However Schlesser sold the car after Oreiller crashed fatally at the pair's next race. Schlesser himself was killed in a fiery crash during his local French Grand Prix six years later while driving Honda's experimental air-cooled RA302. His death was the fourth fatality of the 1968 season and prompted Honda's withdrawal from the sport. The sale of the car, which took place at Bonhams' Quali Lodge Auction in California, breaks the previous record of the most valuable car sold at auction, nearly £18 million ($30 million) for a Mercedes W196 sold in England last year. Despite this classic car experts had predicted it would fetch twice its final amount
Here are other auction results from Pebble Beach from the same Maranello Rosso Collection: -1978 312 T3 ex-Villeneuve, ex-Reutemann: $2,310,000 (5 were built) -1958 250 GT series I cabriolet $6,820,000 -1953 250 Mile Miglia Berlinetta ex-Phil Hill, white: $7,260,000 -1968-69 Dino 166/246GT Formula 2 Tasman ex-Chris Amon ex-Brian Redman: $1,210,000 -1981 512 Boxer Berlinetta: $990,000 -1969 365 GTB/4 Daytona Berlinetta Competizione: $935,000 -1962 250 GT Short-wheel base Special Aerodinamica: $6,875,000 Don't forget, the actual owner of these cars died in 2010. His kids and grandkids will be very very happy. From another collection 275 GTB green: $2,600,000
"affordable" cars so far doing well, although it's only the second night tonight and there are some cars with big expectations awaiting. I was standing with a group of German vintage Ferrari owners at the Rosso collection auction who shared my view of a turning market. I recall posting here that the GTO would not make a record price (due to its accident history) and being poo-pooed by the armchair experts... Fantastic day at Laguna Seca today, some amazing race cars there. Sefac hotrods and GTO's being used in anger - I love it. Dropped in at Quail, which has become very commercial, I would no longer recommend this event. $550 a ticket to look at new range rovers and Infinitis, no thanks. I've never seen so many McLarens on the road - they are a big success here. P1's are almost commonplace. 2 Porsche 918's spotted so far, they sound and look great. RM auction tonight
