Why did this 250 sell so far under estimate?

Sometimes at an auction, something slips by... I will be curious to hear if there is some other reason. It was low, but not crazy low-- the market for PF Coupes isn't especially strong right now, so I would argue this was probably a $400k USD car in normal circumstances. Maybe $450k.

Was it no reserve? Normally, you don't see this sort of thing because of the reserve, and chandelier bidding, but if it was no reserve, things can happen. Or maybe the seller really needed the money now?

 

Non-original engine.

 

This car has already been discussed here on fchat and the reasons explained, mainly non-matching engine.
No need for yet another thread.

Marcel Massini

 

Click on the "report" button, right below your line, left side. That's how you call the mods.

Marcel Massini

 

I wouldn't delete it... I went looking for the original discussion (I remember reading it) before I posted but couldn't find it.

 

I think this is what’s been mentioned.
https://www.ferrarichat.com/forum/threads/is-the-bubble-due-to-burst.395802/page-368#post-147622239

 

Why buy this one when you could have the engineless, dissected, rusted carcass of one for a little over 10% of the price...
https://bringatrailer.com/listing/ferrari-250-gt-body/

 

but without frame

 

As I said in the other thread, I still think, wrong engine and all, that this car was a very good deal, and either the reserve was too low or the seller really needed to sell.

 

If someone comes across this car or was the purchaser (who may want to resell), please PM me. Thanks!