Classic Ferrari (NYSE:RACE) Tour d’France to Auction at Monaco

Classic Ferrari (NYSE:RACE) Tour d’France to Auction at Monaco

Classic Ferrari (NYSE:RACE) Tour d’France to Auction at Monaco

$RACE, $BID

On 12 May, at the RM Sotheby’s (NYSE:BID) Monaco auction a Scaglietti build, matching serial numbers 250 Tour de France ‘Competizione’ comes to auction.

Wolfgang Seidel took delivery of this 1957 250TdF with covered headlights, #15 of 17 cars built in the series, with 3X louvers on the sail panel. Mr. Seidel often raced with Wolfgang von Trips.

Campaigned in 22 races, this car never suffered a crash. Mr. Seidel posted 11 class and overall victories in minor races and placed 2nd overall at Spa in 1958, 4th at the 12 Hours of Reims, and 3rd at the Grand Prix de Paris in Y 1959.

Between Y’s 1964 and 1973, the car had several owners before coming  to Christer Mellin, who spent the next 20 years undertaking a well-documented restoration with a focus on originality.

The car still wears its original upholstery, and, uncommonly for a competition machine, the engine, transmission, and rear axle are all original to the car.

The livery: the paint was taken down to bare metal and re-sprayed, complete with a dashing black hood stripe to match the 1 Mr. Seidel put on in Y 1959.

Mr. Mellin sold the TdF to its current owner 21 years, and it has been entered in a number of events since, including the 1999 Mille Miglia Storica.

Now, it will go under the hammer at the RM Sotheby’s Monaco auction, the price is estimate is $9 – 10.5 Million.

Go here for more information.

Vintage and Classic Ferrari cars are the most expensive cars in the world.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 122.44 20 April 2018 -0.75 122.42 123.08 122.14 125,360
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (-0.02) Bearish (-0.27) Neutral (0.19) Neutral (0.01)

Have a terrific weekend.

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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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