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For Sale 1963 Ferrari 250 GTE 2+2 Series III #4843 $345k obo

Discussion in 'Ferraris' started by GSJFerrari, May 10, 2022.

  1. GSJFerrari

    GSJFerrari Karting
    Rossa Subscribed

    Jul 12, 2010
    211
    Stuart, FL
    Full Name:
    Greg Jones
    We've decided to let 250 GTE Series III #4843 look for a new home. I copy pasted some verbiage from a previous listing that pretty well covers the car. We additionally have a boatload more photos, so please feel free to request anything you may want to see/know more about. We're also more than happy to answer any questions you may have.

    -Prescott @ GSJFerrari


    "This 1963 Ferrari 250 GTE is one of 954 2+2 Pininfarina Coupes built during three years of production and one of 300 examples from the third and final series of the model. Chassis 4843 was completed by the factory in July 1963 and originally distributed through Luigi Chinetti Motors of New York to Charles Rezzaghi Motors in San Francisco, California. The car was later moved to Cherry Hill, New Jersey, where it was stored in a garage from the 1970s until 2014. It was acquired by the seller later that year, after which a mechanical recommissioning was performed. Finished in Grigio Argento over Nera leather, the car retains its numbers-matching 3.0-liter Colombo V12 and original four-speed manual transmission with overdrive. Additional features include triple Weber carburetors, four-wheel Dunlop disc brakes, telescopic shocks and coil springs in front and leaf springs out back, Borrani wire wheels, and an Abarth exhaust system. Under the seller’s ownership, the car has been shown at a number of Concours events, including the Concorso di Eleganza Finali Mondiali in 2016, winning a preservation award at the 2015 Palm Beach Cavallino Classic and earning Platino recognition in the preservation class at the 2016 Ferrari Classiche Concours d’Elegance. This Series III 250 GTE is now offered with Ferrari Classiche certification, copies of its factory build sheets, a Marcel Massini report, and a clean Florida title in the seller’s name.
    The 250 GTE 2+2 model made its debut at the 1960 Paris Motor Show as Ferrari’s first offering with standard rear seating. This was accommodated by moving the engine forward in the 2,600mm wheelbase chassis, which was shared with previous 250 variants. Pininfarina bodywork is constructed of steel, while aluminum is utilized for the hood and trunk panels. Styling updates for the third series included revised rear fender profiles, single-piece taillights, chrome headlight bezels, and driving lights relocated outward of the grille.
    Chassis 4843 was finished from the factory in Grigio Argento, and the exterior currently shows various imperfections, including areas of corrosion. Closeups of the finish, trim, and lenses are provided in the photo gallery below. When removed from storage in 2014, the car still had a 1973 registration sticker affixed to the windshield. Following his acquisition, the seller had assorted dents in the bodywork corrected and the finish polished. Repairs to the floorboard were also carried out.
    Borrani RW3690 wire wheels feature three-eared knock-offs and wear Pirelli Cinturato tires, while a matching spare with an older tire is housed in the trunk. The GTE model was equipped with four-wheel Dunlop disc brakes as well as telescopic shock absorbers and coil springs in front and leaf springs out back. The front brakes were missing when the car was acquired by the seller, who subsequently installed rotors and calipers, rebuilt the brake master cylinder, and added new hoses.
    Black leather covers the four-place seating as well as the doors, center console, and dash. Contrasting red carpeting lines the footwells, and a three-spoke wood-rimmed steering wheel sits ahead of the painted dash face.
    Veglia instrumentation includes a 180-mph speedometer and an 8k-rpm tachometer as well as a clock and gauges for oil pressure, oil temperature, coolant temperature, fuel level, and amperage. The five-digit odometer shows 79k miles, around 50 of which have been added by the seller.
    The 3.0-liter Colombo V12 features an aluminum block, aluminum cylinder heads with single overhead camshafts, spark plugs on the outer side of each cylinder bank, individual intake ports, and coil valve springs. Revisions to the cylinder head and valvetrain designs for Series III cars increased the compression ratio to 9.1:1. A mechanical recommissioning performed by the seller included cleaning the triple Weber 36 DCS carburetors, changing the oil several times, cleaning the fuel tank, rebuilding the starter, and installing new spark plugs and ignition points.
    Number 4843 is shown stamped on the engine block above and matches the chassis number, which is shown in the gallery on the chassis plate and frame. Internal number 1422/62 also matches the number listed on the factory build sheets and in the Ferrari Classiche report. The gearbox is numbered 258/63, the differential is numbered 222/63 and are both described in the Ferrari Classiche report as the original units.
    Late-production 250 GTEs feature three-into-one exhaust headers, which on this example lead into an Abarth exhaust system, as listed on the factory build sheet. Power is sent to the rear wheels via an all-synchromesh four-speed manual transmission with Laycock de Normanville overdrive. The transmission fluid was changed under the seller’s ownership, and a new clutch plate was installed along with a new shifter bushing.
    The scheda tecnica certificazione, Classiche Red Book and the Marcel Massini report are all available for viewing upon request."
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  3. FerrfanFL

    FerrfanFL Formula Junior
    Rossa Subscribed Silver Subscribed

    Feb 8, 2021
    771
    Florida
    Full Name:
    Ara
    good looking car
     
    ppailey, Boomhauer and GSJFerrari like this.
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  5. LVP488

    LVP488 F1 Rookie

    Jan 21, 2017
    3,963
    France
    GLWS, just hope the buyer will give it the care it deserves and not destroy it for another outrageous fake build.
     
  6. 350HPMondial

    350HPMondial F1 Rookie
    Silver Subscribed

    Feb 1, 2002
    4,917
    18 mi from the surf,, close to Pismo, CA
    Full Name:
    Edwardo
    mmm that’s restorable,, Ferrari in Modena can do it. Ship it over to Italy. ( odd serial number, coach cR.)
     
  7. Husker

    Husker F1 World Champ
    Silver Subscribed

    Dec 31, 2003
    10,771
    western hemisphere
    Looks like the bottom is rusted out. Glad to see another 250 GTE out there, but you could drop $100K on this pretty easy to get it straight, and maybe much more.
     
    schefdeh5, Zanny1 and jsa330 like this.
  8. 375+

    375+ F1 Veteran
    Rossa Subscribed Silver Subscribed

    Dec 28, 2005
    9,564
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  10. JSinNOLA

    JSinNOLA F1 World Champ
    Sponsor Lifetime Rossa

    Mar 18, 2002
    16,032
    Denver, CO
    Full Name:
    John
    Title says $345,000 or best offer.
     
  11. SpencerMarks

    SpencerMarks Karting
    Rossa Subscribed

    Jan 15, 2017
    149
    Woodstock, Georgia
    Full Name:
    Spencer
    There’s one in the Atlanta area that’s being worked, needing much less, and costing nearly that. Easily 100k+
     
    tres55 and Hawkeye like this.
  12. Hawkeye

    Hawkeye F1 Veteran
    Rossa Subscribed Owner

    Sep 20, 2009
    6,110
    You'll spend $100k on this and won't be able to tell where the money went, that is the starting number, however, this is a great car and worth every penny.
     
    George Vosburgh likes this.
  13. Quickfox250

    Quickfox250 Rookie

    Sep 26, 2008
    2
    I wonder of all that helplessness. This car was sold at Bonhams on August 2014 for $275,000. Totally unrestored and standstill from 1973 to 2013. Not a bargain at all ...
     
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  14. 360Tom

    360Tom Formula 3

    May 9, 2013
    1,314
    Burbank, CA
    Full Name:
    Tom
    That is one gorgeous car. This era was full of class and true artisans
     
  15. john a barnes

    john a barnes Karting
    Silver Subscribed

    Dec 19, 2018
    193
    muskego wi
    Full Name:
    John a Barnes
    Very classy car that needs some very handy artisans.
     
  16. schefdeh5

    schefdeh5 Formula 3
    Silver Subscribed

    Nov 2, 2008
    1,175
    Tri-State Area
    Full Name:
    Schaf
    This car has been trashed....not taken care of. If you own this type of car with this type of history and you do not spend the money to restore it, or at least maintain it, you are culpable.

    Unbelievable
     
    john a barnes likes this.
  17. john a barnes

    john a barnes Karting
    Silver Subscribed

    Dec 19, 2018
    193
    muskego wi
    Full Name:
    John a Barnes
    First thing I saw was that Carpet. How many French fries are too many?
     
    schefdeh5 likes this.
  18. cmt6891

    cmt6891 Formula 3
    Silver Subscribed

    Feb 25, 2008
    1,308
    Encino, Ca
    Full Name:
    Carl T
    This car was on BAT back in March, bid up to $203K but did not meet reserve. https://bringatrailer.com/listing/1963-ferrari-250-gte-3/
    $200K easy for restoration. Metal repair, body, paint and interior will make up half of that.

    Hope that a buyer and seller can come to agreement and revive this lovely GTE.
     
  19. mkraft3003

    mkraft3003 Formula Junior
    Silver Subscribed

    Aug 20, 2016
    850
    Tampa, Fl
    I think you missed 2 years. That BAT was March 2020. As you know things are much different now.
     
  20. cmt6891

    cmt6891 Formula 3
    Silver Subscribed

    Feb 25, 2008
    1,308
    Encino, Ca
    Full Name:
    Carl T
    Yes , I neglected to mention 2 years ago, alot has changed for sure. However it would certainly be a new benchmark for a fully restored 250GTE having a salable value in excess of $600K( cost of car + resto). It is a V12 after all....
     
  21. Jbak

    Jbak Rookie
    Silver Subscribed

    Feb 24, 2022
    7
    Indianapolis
    Full Name:
    John Baker
    Good luck to the new steward, it deserves a new life.
     
  22. Horse That Prances

    Jul 22, 2019
    3

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  23. Jbak

    Jbak Rookie
    Silver Subscribed

    Feb 24, 2022
    7
    Indianapolis
    Full Name:
    John Baker
    Agreed, I've always loved these cars, but never at the price point I could enjoy. Several years ago there was a red one for sale that had its engine torn out that someone restored with a Chevy small block. Probably the closest I got to owning one :)
     
  24. technom3

    technom3 F1 World Champ
    Rossa Subscribed

    Mar 29, 2007
    10,354
    Phoenix AZ
    Full Name:
    Justin
    These cars could be bought for less than 20k... And need 200k in resto... Only to be worth 80-100k back in the day. That's how you get a car like this
     
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  25. technom3

    technom3 F1 World Champ
    Rossa Subscribed

    Mar 29, 2007
    10,354
    Phoenix AZ
    Full Name:
    Justin
    Cost of car plus resto frequently does not equal sale price.
     
    schefdeh5 likes this.

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