NART Spider 10709 offered at RM's Monterey Auction

What a glorious sound!

 

The only pity is the colour. Hopefully the new owner will return to the original light blue colour. Then and only then will the car be 'to die for'

Absolutely great video! Thank you for posting- very enjoyable!

 

Wonderful video, whoever buys the car will be lucky to have it, I just hope it gets driven....

 

Any opinions on what this fantastic car will sell for? If it was not a one owner and there was no charity involved, I would guess $10-12MM. How will the other two factors effect the outcome?

Geno

 

My personal estimate $15 - 20 million. Probably closer to $15 but dont be surprised if nearly 20 is the mark. After all Cal spiders are selling for $10......

 

$15m for a street car would be nuts.

10/10 sold for almost $7m four years ago.

 

Eddie was a regular at FCA Florida Region track events, especially Sebring. Not him driving in photo #2.
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Consider that street California's and they are relatively common are circa $10 million why shouldnt the much rarer NART Spider be worth more?

I agree the price's are nuts but still why not ?

 

I completely disagree. For a car this rare and special anything under $20m is a steal. And who cares what happened four years ago. Life moves on. Prices move on.

 

Very interesting to hear this statement from you....................................

 

Agreed Walter. I am learning slowly- the hard way.

 

Interesting to see it without the NERF bar.

My guess 20.

 

Great video.

 

Jim
Do you think the huge number of Ferraris at auction in Monterey will bring out more buyers and heighten prices or saturate the buyer's funds and prices will be lower?

 

Another one of my Ferrari memories. Not sure who's car it was, but about 15 years ago, I was at the Northbrook Shooting Range (gun club), and one of the members had a 275 GTB Nart. I remember the color as being a darkish red / burgundy.

With so few Nart spyders around, I suspect everyone except me, knows who owned the car, and if it is still in Chicagoland.

 

[ame=http://www.youtube.com/watch?v=eKpw8T4aItg]Split Screen Editing - Thomas Crown Affair (1968) - YouTube[/ame]

Perhaps there was a Polo field nearby...

 

For the short term people have decided to buy cars as investments because they believe that their value will continue to rise and traditional money parking instruments are yielding very little.

When the music stops we shall see as we have before and will again.

 

Can anyone clarify why RM designates the car as a "275 GTB/4*S", while it is stamped as a "275 GTS/4"?
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Both sequences are generally recognized as referring specifically to the ten cars that are original NART Spyders.
Not sure if this clarifies but hope it helps.
Best,
Dave

 

RM estimate......14-17

 

It's Chassis stamping reads, '275 GTB/4*S* 10249.' It's engine is stamped with Numero Interno 1744, and the Scaglietti Body No. is 0190.

It's still there.

 

Rarity is only one factor in determining a value, otherwise the SWB's, open or closed, would be worth much less. This particular car isn't special among other open 275's, except that it has been with the same family.

Calling $20m a steal is a joke, right?

Edit:

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All the estimates are somewhere between generous and out-of-this-world.

 

Rarity is a KEY factor in determining price. The SWB are rare cars as well (relatively speaking) with only 130 made. Ofcourse driveability and beauty also play a big role. The 275 GTB Spyder ranks highly on both those terms as well. For the best of the best, prices will continue rising. I repeat for the best of the best prices will continue to rise. That is why this car will go for big money- which is very much justified. I am in no way joking - this car is worth every million up to $19m. As for the other cars and the prices- I agree with you- the market is strong and prices could correct. Lusso now suddenly $1.35m and normal 250 Cal Series II at $1.35m- I am not sure buyers at this price will be buying a 'bargain'. But as one famous banker once said ' as long as the music plays we will keep on dancing'.

 

We are preparing the car with a thorough inspection and freshening, which will make it ready for the new caretaker to leave on a road rally or roll it onto the Concours field. What a fantastic car.

 

This is exactly right, it will be similar to 1989 - 1991

GTB/4 1989 price - up to US$2 million - 1992 $200k
250 GTO 1989 - $20 mil - 1992 - $3.5
288 GTO 1989 - $1 mil. - 1992 - $300k

The true collectors, those who own cars because they love them and want to drive them, will ride it out and the nominal monetary value gains and losses wont matter. Everyone else, especially the speculators, will buy and help to drive the prices up but will also be the first to offload their cars when the market looks shaky. Again by 1991 the Japanese developers that had driven the late 1980s price boom where ditching and the price(s) did fall. Would be interesting to see how many of the current purchasers are in which category.

With the top tier classics increasing at such a rapid rate it is also driving 2nd and 3rd tier prices way up. The lower the tier the more pain will be felt when the price correction occurs. Finally I found it very interesting that some of RM Auctions estimates have changed in the last month, all upwards, coincidence ? errors? or price increases ?