The Top 5 Ferraris (NYSE:RACE) Sold at Auction

The Top 5 Ferraris (NYSE:RACE) Sold at Auction

The Top 5 Ferraris (NYSE:RACE) Sold at Auction

$RACE

A LaFerrari Aperta set a new record as the most expensive modern car to be auctioned, but Golden Era cars beat it hands down.

On 9 September 2017, Ferrari made history when #210 of its 2017 LaFerrari Aperta (pictured above) sold for $10-M (for charity) the highest value that any modern car has been auctioned for.

Of the 20 cars that hammered for  over $1-M at the 70th Anni celebration auction in Maranello early this month, the LaFerrari Aperta is only 1 of 5 cars built in the last 20 years to made that mark.

The rest of the list vintage and classic models of the late 1950’s to early 1970’s, back when founder Enzo Ferrari hands were on every car rolling out of the factory, I call it the Golden Era of Ferrari

For the past 70 years the iconic Italian Supercar maker has build a rich heritage unparalleled by any other carmaker.

The core of Enzo’s glory lies in F1 racing

The Scuderi is the only team to have participated in all editions of the Formula One World Championship since its inception in Y 1950. It has since gone on to hold the most constructors’ championships and the highest number of winning drivers.

Since Y 1947, the iconic Italian carmaker has released some of the most phenomenal GT (grand touring) cars known, from the 250 series and the F40 to the Dino 246 and the Testarossa.

It is these cars, now highly-prized rarities, that many Ferrari collectors are eager to own.

When they do go up for auction, these sports and racing cars go down in the pages of history books.

In light of the record-breaking sale of the LaFerrari Aperta and as a tribute to the iconic Italian car-maker’s 70th Anniversary, lots have a look at the  5 most expensive Ferrari cars to ever sold at a public auction.

5. 1964 Ferrari 275 GTB/C Speciale

$26,400,000

This 275 GTB/C s/n 6701 is 1 of 3 ’64 275 GTB/C Speciales built. Like the rest 6701 was made for racing. Designed by Pininfarina, the car’s body was based on the 275 GTB road car and built by Scaglietti. Modifications such as lightweight aluminium body panels and thinner chassis tubes were made to reduce the weight of the car and make it more ideal for racing. The 275 GTB/C also came with a 316bhp 3.2-litre V12 engine; when it fetched $26.4-M at RM Sotheby’s (NYSE:BID) Auction’s Monterey sale in Y 2014, it became the most expensive front-engined car ever sold at the event.

4. 1967 Ferrari 275 GTB/4 NART Spyder

$27,500,000

It is # 4 on this list, the 1967 275 GTB/4 NART Spyder. For a time, in fact, the car was the world’s 2nd most expensive car to be auctioned when it made $27.5-M in Y 2013 during Pebble Beach by RM Auctions (before the Sotheby’s tie-up). The car is 1 of 10 Ferrari 275s built specifically in an open-top and Spider configuration, as requested by Ferrari importer Luigi Chinetti. The 1967 275 GTB is the most desirable Ferrari convertible of all time.

3. 1956 Ferrari 290 MM

$27,500,000

The 1956 290 MM, s/n 0626, is a legend. This sports car comes with a lot of history, dating from way before it was even sold in Y 2015 at RM Sotheby’s New York sale. The car is 1 of 4  290 MM’s ever built. It was built for Juan Manuel Fangio, who is widely heralded as the greatest F1 racers of all time. It was also later driven by F1 champion Phil Hill.

2. 1957 Ferrari 335S

$35,711,359

The 1957 335S, s/n 0674, is a former official Scuderia Ferrari factory team car. It is a racing car in every sense, the 335S found itself in Pierre Bardinon’s private collection of winning Ferraris. In Y 2016, Paris by Artcurial sold it for $35.7-M, the 2nd highest price ever paid for a car at a public auction, and the highest ever for an auction in Europe.

1. 1962 Ferrari 250 GTO

$38,115,100

Ferrari made 39 models of the 250 GTO between Y’s1962 and 1964. It was a road car and a race car, the 250 GTO was at tops in Ferrari design and engineering at the time. This 1 that tops this list, was not in mint condition when it went under the hammer in Y 2014 at Bonham’s Quail Lodge Auction in California. Its history is grim: the car 1st raced in the 1962 Tour de France Automobile at the hands of French racer Jo Schlesser and ski racer Henri Oreiller. The French pair took the car out for its second spin at the Coupes du Salon race, which ultimately led to a crash that killed Oreiller. The badly-damaged car was then returned to the factory for repairs before it was resold several times and finally retained by the Maranello Rosso Collezione. The $38.1-M price is a testament to the lure of the 250 GTO’s, which counts celebrities such as fashion designer Ralph Lauren and Nick Mason as owners.

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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