Tag Archives: ferrari

August 2014 Auction Recap

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August was a record-setting month for the classic car industry. The first sale of the month was Auctions America’s California sale where this 1960 Mercedes-Benz 300SL Roadster topped the numbers at $1,155,000.

Photo - Auctions America

Photo – Auctions America

Our featured Chrysler Plainsman sold for an impressive $176,000. You can check out full results here.

We didn’t feature anything from Barrett-Jackson’s Reno sale, and frankly I don’t have the time to sift through their site looking for highlights as the process there is just too clunky. So we’ll move on.

Auctions in August of course means Monterey and Pebble Beach. We’ll start with the star of the weekend: Bonhams and their Ferrari 250 GTO which ended up bringing $38,115,000, an all-time record price for any car at auction. It’s an appropriate price for the car, and not the stratospheric number many predicted. It’s a good sign. We featured a number of cars from Bonhams, including this Kissel Kar, which sold for $140,800. The other Ferrari we featured, the 1978 321 T3 F1 car sold for $2,310,000. And the other F1 car, the Brabham-Cosworth, sold for $1,034,000.

Our featured Porsche 908/03 failed to sell. Our pick for the most interesting non-feature car that sold goes to this 1913 Pope-Hartford Model 31 Portola Roadster for $192,500.

Photo - Bonhams

Photo – Bonhams

Our other feature cars both sold: the Speedwell brought $869,000 and the 1908 Napier $1,034,000. Check out full results here. Next up, Mecum in Monterey, where this 1961 Ferrari 250 Series II Cabriolet was the top seller for $2,250,000.

Photo - Mecum

Photo – Mecum

None of our feature cars broke the million dollar mark, although the Kremer-Porsche was close at $930,000. A Duesenberg we featured a long time ago and failed to sell a couple of times before, finally sold here for $1,425,000. The Shelby Turbine car failed to sell, as did the Lester-MG.

Two cars we featured a long time ago that failed to sell also turned up at this sale and failed to sell again. They were the Delage Aerosport and a 1910 Locomobile. The Avia III race car we featured from a dealership was offered here, but it too failed to meet its reserve. The one-off Lazzarrino did sell, for $135,000. Check out full results here.

RM’s Monterey sale was just as impressive as Bonhams. The top seller was the #2 of the weekend, the 1964 Ferrari 275 GTB/C Speciale, at $26,400,000. The Ferrari 250 GT N.A.R.T. Spider brought $1,017,500. The Ferrari F1-2000 sold for $1,804,000. But the Ferrari 333 failed to sell, as did the March-Cosworth. The AAR Eagle-Santa Ana sold for $104,500. What a choppy paragraph.

Cool, non-feature cars were topped by this 1962 Maserati 3500 GT Spyder by Vignale for $764,500. RM also sold the prototype of this model for considerably more, making this seem like a deal.

Photo - RM Auctions

Photo – RM Auctions

The Ford GT40 Roadster Prototype brought $6,930,000 and the Lancia PF200 C sold for $1,100,000. This 1965 Shelby Mustang GT350 Paxton Prototype was a car I wanted to feature but didn’t get a chance to. It sold for $572,000.

Photo - RM Auctions

Photo – RM Auctions

Our other three feature cars were all much older. The amazing 1926 Rickenbacker sold for $946,000. The Stevens-Duryea went for $302,500 and the 1911 Mercer Raceabout, $2,530,000. Check out full results here.

Next up, Gooding & Company: $15,180,000 took home this top-selling 1961 Ferrari 250 GT SWB California Spider.

Photo - Gooding & Company

Photo – Gooding & Company

Our top feature car was the Maserati 250F for $4,620,000 and the Alfa Tipo 256 was right behind it at an even $4,000,000. Our featured Duesenberg and Ferrari 330 GT Speciale both failed to meet their reserves. The AAR-Toyota Eagle GTP brought $1,045,000. Check out full results here.

Last but not least on the Monterey peninsula, Russo & Steele. Our only feature car was the Lola-Mazda from the 80s – it brought $132,000. The top sale was this 1956 Mercedes-Benz 300SL for $1,320,000. Check out full results here.

Photo - Russo & Steele

Photo – Russo & Steele

Prototype Race Cars in Monterey

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Prototype Race Car Rundown

Offered during the Pebble Beach auction weekend | August 15-17, 2014

1995 Kremer-Porsche 962 K8 Spyder

Offered by Mecum

Photo - Mecum

Photo – Mecum

The K8 was an evolution of the Porsche 962. Porsche withdrew from the 1995 24 Hours of Daytona due to last minute rule changes. The Kremer brothers of Germany had been producing Porsche race cars since 1962 and they entered this “K8 Spyder” – which had been a Porsche 962 in a previous life. It uses a twin turbo 3.0-liter flat-six and only four were built. This car won the 1995 24 Hours of Daytona with drivers Jurgen Lassig, Christophe Bouchut, Giovanni Lavaggi, and Marco Werner. It also raced at Sebring and Le Mans that year without victory. It maintains its race-winning livery today. It should sell for between $900,000-$1,500,000. Click here for more.

Update: Sold $930,000.

1992 AAR-Toyota Eagle Mk III GTP

Offered by Gooding & Company

Photo - Gooding & Company

Photo – Gooding & Company

We’ve featured some of Dan Gurney’s Eagles – mostly open-wheel cars. Well here is a GTP prototype AAR Eagle. It’s powered by a turbocharged Toyota 2.1-liter straight-four making 700-750 horsepower, depending on configuration. AAR and Toyota teamed up in the 80s for sports car racing and the Eagle Mk III dominated the 1992 IMSA GTP season. Between 1991 and 1993, they won 21 of 27 races. This is chassis #004 and its major wins are:

  • 1992 12 Hours of Sebring – 1st (with Juan Manuel Fangio II and Andy Wallace)
  • 1993 12 Hours of Sebring – 1st (with Fangio II and Wallace)

It also had 12 other victories and has been owned by Fangio II since it stopped racing. It is being offered for sale for the first time and should sell for between $700,000-$1,000,000. Click here for more info.

Update: Sold $1,045,000.

1984 Lola-Mazda T616

Offered by Russo & Steele

Photo - Russo & Steele

Photo – Russo & Steele

The Lola T600 was new for the Group C category in 1981. For 1984, it was updated to the T616. They teamed with BF Goodrich racing and Mazda to run these cars for the 1984 season. Russo & Steele is also offering the sister car for sale, too. The engine is a 300 horsepower 1.3-liter twin-rotor Wankel. Here’s a brief rundown of its competition highlights:

  • 1984 24 Hours of Daytona – 31st (with Jim Busby, Rick Knoop and Boy Hayje)
  • 1984 1000km Monza – 1st in class (with Busby and Knoop)
  • 1984 24 Hours of Le Mans – 12th, 1st in class (with Busby, Knoop and Hayje)
  • 1984 1000km Nurburgring – 2nd in class (with Busby and Peter Halsmer)
  • 1984 1000km Fuji – 3rd in class (with Busby and Halsmer)

The pair of cars were stored after 1984 until original drivers Knoop and Busby found them and restored them. You can buy them now and read more here (and check out the rest of Russo & Steele’s lineup here).

Update: Sold $132,000.

1998 Ferrari 333 SP

Offered by RM Auctions

Photo - RM Auctions

Photo – RM Auctions

The 333 SP is an interesting Ferrari. The Scuderia hadn’t gone sports prototype racing in a long time and with this car, they kind of still didn’t. Dallara designed the chassis (and built nine of the cars) and Ferrari never fielded a factory effort with the cars, instead selling them to privateers so they could campaign them.

The engine is a 4.0-liter V-12 making 650 horsepower. This is the most-successful 333 SP built, with the following achievements:

  • 1998 24 Hours of Daytona – 1st (with Arie Luyendyk, Mauro Baldi, Giampiero Moretti and Didier Theys)
  • 1998 12 Hours of Sebring – 1st (with Theys, Moretti and Baldi)
  • 1998 24 Hours of Le Mans – 14th (with Theys, Moretti and Baldi)

The car still has its MOMO livery (MOMO being the company Daytona winner Giampiero Moretti founded). It is one of 40 ultimately built (Ferrari built five in addition to Dallara’s nine. Michelotto built the rest). RM didn’t publish an estimate, but you can read more here.

Update: Not sold, high bid of $3,400,000.

 1970 Porsche 908/03 Spyder

Offered by Bonhams

Photo - Bonhams

Photo – Bonhams

The Porsche 908 was their prototype racer from 1968 through 1971. It replaced the 907 and preceded the 936. It’s basically a little wedge with two Batmobile-like fins out back. The engine is a 3.0-liter flat-eight making about 370 horsepower. It could top out around 180 mph. The /03 was the third evolution of the 908 and was made for 1970 and 1971 only. This car was never raced, instead used for extensive testing by the Porsche factory team. It is one of 13 908/03s built. This car, chassis #002, should sell for between $1,800,000-$2,300,000. Click here for more info.

Update: Not sold.

Top Open-Wheel Cars in Monterey

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Open-Wheel Race Cars

Offered during the Pebble Beach Concours Weekend | August 15-17, 2014

 1986 March 86C Cosworth

Offered by RM Auctions

Photo - RM Auctions

Photo – RM Auctions

This was the car in CART in 1986. Fielded by Truesports, the March 86C was campaigned by Bobby Rahal for the 1986 season. It is powered by a 700 horsepower 2.7-liter Cosworth turbo V-8. Just take a look at this car’s competition history:

  • 1986 Indianapolis 500 – 1st (with Bobby Rahal)
  • 5 other wins that season
  • 1986 CART Championship

The chance to own an Indy 500-winning car is a very rare thing, and one this cool driven by such a legend makes it even better. The car still retains its race-winning engine. It should sell for between $1,750,000-$2,500,000. Click here for more info.

S/N: 86C-13

Update: Not sold, high bid of $1,550,000.

2000 Ferrari F1-2000

Offered by RM Auctions

Photo - RM Auctions

Photo – RM Auctions

The F1-2000 was, you guessed it, Ferrari’s F1 car for the 2000 season. And guess who drove for Ferrari in 2000? That’s right, Michael Schumacher. And it was one of those seasons that he had with Ferrari where he nearly won everything on the calendar. He also won the championship. This car won the 2000 Brazilian Grand Prix. The engine is a monster: 3.0-liter V-10 making 770 horsepower. It should sell for between $1,750,000-$2,500,000. Click here for more.

S/N: 198

Update: Sold $1,804,000.

1970 Brabham-Cosworth BT33

Offered by Bonhams

Photo - Bonhams

Photo – Bonhams

You’re looking at the final car driven by Jack Brabham in Formula One. In fact, he won his final grand prix in this car – the 1970 South African Grand Prix. What’s even better, this is a Brabham chassis and he remains the only person to ever win in a car bearing his own name. The car looks fabulous. The engine is too: it’s a Cosworth V-8 of 3.0-liters and puts out 430 horsepower at an ear-shattering 10,000 rpm. It can be yours for between $1,000,000-$1,400,000. Click here for more info.

Update: Sold $1,034,000.

1978 Ferrari 312 T3

Offered by Bonhams

Photo - Bonhams

Photo – Bonhams

The Ferrari 312 T3 was Ferrari’s second car for the 1978 Formula One Season. The car used for the first two races was a carryover from 1977. The T3 was introduced for the third race. This car was driven primarily by Carlos Reutemann (who won the 1978 British Grand Prix in it). It also driven by Gilles Villeneuve. Villeneuve won the 1978 Race of Champions (a non-points F1 race) in this car. The engine is a 530 horsepower 3.0-liter Flat-12. Ferrari built five of these cars and this one is offered in more-or-less as-raced conditions and has spent many years in the Maranello Rosso Collection. It should sell for between $1,500,000-$2,000,000. Click here for more info.

Update: Sold $2,310,000.

1969 AAR Eagle-Santa Ana

Offered by RM Auctions

Photo - RM Auctions

Photo – RM Auctions

Here’s the last open-wheel car we’ll feature from Monterey (mostly because I just lost all of the work I did on this post and had to start over – there are other awesome racers this weekend). This car comes from AAR, Dan Gurney’s All American Racers. It was their car for 1969 and it uses a 5.2-liter Ford V-8. AAR built four of them, three of which raced at the Indy 500 that year. This one did not, although Gurney did run it in practice. The only racing this car has ever done is on the historic circuit and it has been in the same ownership for nearly a quarter of a century. It can be yours for between $125,000-$175,000. Click here for more info.

Update: Sold $104,500.

Ferrari F1-2000

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2000 Ferrari F1-2000

Offered by RM Auctions | Monterey, California | August 15-17, 2014

Photo - RM Auctions

Photo – RM Auctions

The F1-2000 was, you guessed it, Ferrari’s F1 car for the 2000 season. And guess who drove for Ferrari in 2000? That’s right, Michael Schumacher. And it was one of those seasons that he had with Ferrari where he nearly won everything on the calendar. He also won the championship. This car won the 2000 Brazilian Grand Prix. The engine is a monster: 3.0-liter V-10 making 770 horsepower. It should sell for between $1,750,000-$2,500,000. Click here for more.

S/N: 198

Update: Sold $1,804,000.

Ferrari 312 T3

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1978 Ferrari 312 T3

Offered by Bonhams during Pebble Beach | August 15-17, 2014

Photo - Bonhams

Photo – Bonhams

The Ferrari 312 T3 was Ferrari’s second car for the 1978 Formula One Season. The car used for the first two races was a carryover from 1977. The T3 was introduced for the third race. This car was driven primarily by Carlos Reutemann (who won the 1978 British Grand Prix in it). It also driven by Gilles Villeneuve. Villeneuve won the 1978 Race of Champions (a non-points F1 race) in this car. The engine is a 530 horsepower 3.0-liter Flat-12. Ferrari built five of these cars and this one is offered in more-or-less as-raced conditions and has spent many years in the Maranello Rosso Collection. It should sell for between $1,500,000-$2,000,000. Click here for more info.

Update: Sold $2,310,000.

Ferrari 365 “Tre Posti”

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1966 Ferrari 365 P Berlinetta Speciale by Pininfarina

Offered by Gooding & Company | Pebble Beach, California | August 16-17, 2014

Photo - Gooding & Company

Photo – Gooding & Company

The Ferrari 365 P2 was essentially a Ferrari 330 P2 with a 4.4-liter V-12. They were race cars, members of the family that began with the 250 P and 250 LM. As you can probably tell, this does not resemble a race car and you’re right, it’s a road car. A very special road car.

Originally built as a 365 P2, the car was given to Pininfarina by Ferrari and they designed this really awesome road car that blends 365 GTC and Dino design and styling cues (except that both of those cars came after this one). The most interesting part? It has McLaren F1-like three-wide seating with the driver in the middle, hence its nickname “Tre Posti.” The engine is a 4.4-liter V-12 mounted behind the driver making 380 horsepower.

This car has been owned by the Chinetti family since 1969. Prior to that, it was on the stand at the 1966 Paris Auto Salon and four other very important 1960s auto shows. It proved so popular that the head of Fiat commissioned a second one built for himself (that car is still in that collection today). This is essentially a race car that was adapted to road use, so it’s not exactly pleasant on the road – which might explain how it only has 4,950 miles on it. You can expect it to bring a lot of money and you can read more here and see more from Gooding here.

Ferrari 250 GTO

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1962 Ferrari 250 GTO

Offered by Bonhams | Carmel, California | August 14, 2014

Photo - Bonhams

Photo – Bonhams

Here it is. This is the car that everybody has been – and will be – talking about for some time. It’s the rarest, most desirable car on earth – and this is the first time one has come up for public auction in a long time. And it will sell, at no reserve. It will break every record on the book. Between private parties, 250 GTOs have reportedly sold for $50 million. Bonhams didn’t publish an estimate, but if you call the department for an estimate like they recommend, they’re well within their rights to laugh at you. You’re looking at a $30-$60 million car. The final price is anyone’s guess.

The GTO was a homologation model for the 250 to compete in the FIA Group 3 category. They were GT cars that put themselves on the podium at Le Mans in consecutive years, behind a single prototype entry (another Ferrari). The engine is a 300 horsepower 3.0-liter V-12. There were two types of 250 GTOs: those with the 3.0-liter engine, and those with the 4.0-liter engine (referred to as “330 GTOs”). This car was the 19th GTO built of 39 (this includes eight that have the re-designed 1964 body work and the three with the 4.0-liter engine). So 28 have this style body and a 3.0-liter V-12.

The original owner of this originally grey car was French racing driver Jo Schlesser. The competition history of this car is as follows:

  • 1962 Tour de France Automobile – 2nd (with Schlesser and Henri Oreiller)
  • 1962 Coupes du Salon – DNF (Henry Oreiller was killed when he crashed this car).

Schlesser took the car back to the factory and they rebuilt it for 1963 and sold it to a new owner, who used it in hillclimbs. That man sold it to another, who also raced it. Then, in 1965, he sold it to Fabrizio Violati for $4,000. It has been in Violati’s family since, and the centerpiece of his San Marino-based Maranello Rosso Collection. He used it regularly and the car has never really sat for that long. It’s great when someone acquires a car for a reasonable price and uses it, unafraid of the value at stake. Violati passed away in 2010 and the collection is, at least partially, being dispersed.

This is the 250 GTO that has been in one person’s possession the longest. These cars so rarely trade hands and when they do, the price is extraordinary. I just hope whoever buys it uses it and doesn’t lock it away hoping for a return on investment down the road. Sadly, that’s what the collector car market has almost become. Whatever the final price may be, Bonhams stands to make a killing on buyer’s premiums for this car alone. You can read more here and see more from Bonhams here.

Update: Sold $38,115,000.

Ferrari 275 GTB/C Speciale

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1964 Ferrari 275 GTB/C Speciale by Scaglietti

Offered by RM Auctions | Monterey, California | August 15-16, 2014

Photo - RM Auctions

Photo – RM Auctions

By now you’ve surely read that there is a 250 GTO being offered for sale during this incredible auction weekend, but what if a 250 GTO is a little too common for your tastes? What kind of Ferrari do you buy when you want something more exclusive than a 250 GTO? This one, that’s what.

We’ve actually featured a 275 GTB/C before, one of just 13 built. This is also among that 13, but it is a little more special. The 275 GTB/C (“C” for “competizione”) was the direct successor to the 250 GTO. It ran at Le Mans its debut year. This is the first of the three Speciale Berlinettas built. Hand-built by Scaglietti, you can see traits of 250 GTO in it – namely those three holes punched in the nose.

This car was never raced – and only one of the three Speciales ever saw competition. This car was sold new to an Italian who registered it for road use. And what a blast this thing must be on the road: the engine is a 320 horsepower 3.3-liter V-12. And it was constructed as a lightweight racer, so it will blast around wherever you take it.

As stated above, this is one of three like it and RM insists it is the only one you will likely see for sale for a long, long time. And I must say, it is brilliant in this color scheme. I do believe this is the only car in RM’s catalog that doesn’t have a published estimate – but if the 275 GTB/C we featured last year brought $7 million, this should quite easily double it. Click here for more info and here for more from RM in Monterey.

Update: Sold $26,400,000.

Ferrari 250 N.A.R.T. Spider

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1961 Ferrari 250 GT N.A.R.T. Spider by Fantuzzi

Offered by RM Auctions | Monterey, California | August 15-16, 2014

Photo - RM Auctions

Photo – RM Auctions

The Ferrari 250 GT is, perhaps, the most celebrated model line in the history of Ferrari. This striking 250 began life as a 1961 250 GTE. In 1965, Luigi Chinetti, founder of the North American Racing Team (N.A.R.T.) and Ferrari’s American importer for many years, decided to replace the normal Pininfarina body with this wild design by Fantuzzi.

Chinetti displayed the car at auto shows in New York, San Francisco, and Miami in 1965, generating good buzz for the brand. The engine is a 3.0-liter V-12 that’s had a little work done and it makes 300 horsepower.

Chinetti sold the car and the next owner had it for 33 years. It’s been recently serviced and has covered only 29,000 miles in its life. It’s one-of-a-kind and, from the right angles, quite gorgeous. It will likely sell for between $1,200,000-$1,600,000. You can read more here and see more from this sale here.

Update: Sold $1,017,500.

Ferrari 330 Speciale

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1966 Ferrari 330 GT 2+2 Speciale by Carrozzeria Sports Cars

Offered by Gooding & Company | Pebble Beach, California | August 16-17, 2014

Photo - Gooding & Company

Photo – Gooding & Company

The Ferrari 330 GT 2+2 was a four-seat Ferrari coupe produced between 1964 and 1967. It was sort of their “base” model slotted below the 275 series. In all, 1,099 were built – but only one of them looks anything like this.

The 60s were weird – weirder for some than others – and Norbert Navarro’s 1960s must’ve been awfully weird as the Italian night club owner commissioned this Piero Drogo-bodied Speciale. The engine carries over – a 4.0-liter V-12 making 300 horsepower. The body was stretched, box-ified, and painted this lovely shade of gold. It looks wagon-like from the side, but if you go to Gooding’s website and check out some rear photos, you’ll see that it has a more El Camino-without-the-tailgate-like thing going on.

It’s certainly unique. But Drogo-bodied cars are very rare and quite desirable. This one should cost you between $400,000-$600,000. Click here for more from Gooding & Company’s sale.

Update: Not sold.