1959 Ferrari 250 GT LWB California Spyder Hammers for $17.99-M in New York

1959 Ferrari 250 GT LWB California Spyder Hammers for $17.99-M in New York

1959 Ferrari 250 GT LWB California Spyder Hammers for $17.99-M in New York

$RACE, $BID

RM Sotheby’s (NYSE:BID) wrapped up its auction in New York, where it sold 2 Silver roadsters, 1 of them selling for the price of $17.99-M.

There were just 4 of the Ferrari 250 GTS LWB all aluminum California’s w/0 covered headlights, I owned 1 of them and drove it daily back in the day.

That car was a 1959 Ferrari 250 GT LWB California Spyder, and Sotheby’s was expecting it to fetch between $14  and 17-M. One buyer felt the car’s rare aluminum construction and history was worth the higher price.

The other roadster went for much less, but was notable because of its previous owner, late Apple CEO Steve Jobs.

The car is a 2000 BMW Z8 that the tech mogul had for around 3 years. The final sale price only met expectations, though, at $329,500. The original auction estimate was between $300,000 to 400,000.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 104.62 7 December 2017 0.05 104.21 105.11 104.01 260,473
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (-0.23) Bearish (-0.27) Neutral (-0.19) Neutral (-0.24)

Stay tuned…

 

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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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