What!!! Ferrari 250 GT auctioned for 114.5 crore

Ferrari’s sell for a lot.. an awful lot of money on any yardstick.. but you won’t believe the price tag on this one just auctioned.

Ferrari’s sell for a lot.. an awful lot of money on any yardstick.. but you won’t believe the price tag on this one just auctioned. $17 million for a 1961 Ferrari 250 GT SWB California Spider which translates to roughly over 114 crores in Indian rupees.

Thi one is one of the only 56 ever made models and to top it off, it is the first model to exchange hands publically. This highly coveted Ferrariis the 22nd SWB California Spider built and one of only 37 covered-headlight examples produced.

The auction at  Amelia Island Concours d’Elegance made some high ticket sells but nothing beat the Gooding & Company auctioned Ferrari 250 GT.

“We are delighted with our auction results and are proud of the new auction records we have set, which demonstrates that there is a strong demand for high quality cars,” stated David Gooding, President of Gooding & Company. “The room was electric from the beginning and the crowd’s intensity only grew when Mr. Seinfeld joined Charlie and me on stage to present his stunning offerings.”

Other Ferrari’s that made news were the 1995 Ferrari F50 (sold for $2,310,000) and a 1960 Ferrari 250 GT Series II Cabriolet (sold for $1,512,500).

Technical specifications of the Ferrari 250 GT:

2,953 CC SOHC Tipo 168/61 V-12 Engine
Three Weber 40 DCL6 Carburetors
240 HP at 7,000 RPM
4-Speed Manual Gearbox
4-Wheel Dunlop Disc Brakes
Independent Coil-Spring Front Suspension with Tubular Shock Absorbers
Live Rear Axle with Semi-Elliptical Leaf Springs with Tubular Shock Absorbers

The 250 GT SWB California Spider benefitted from a much more sophisticated chassis, along with standard four-wheel Dunlop disc brakes, a refined suspension setup and new outside-plug engines. The renowned Italian coachbuilder, Scaglietti, redesigned the California Spider’s coachwork around the updated chassis, resulting in a much more aggressive and sporting appearance.

Other  factors that made it highly desirable were Distinguished Show-Car Pedigree and Celebrity Provenance, Successful Participant in Numerous Concours and Rally Events, Certified by the Ferrari Classiche Department.

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