The Enigmatic Ferrari 250 GT LWB California Spider Auction

Broad Arrow Auctions to Showcase Iconic Ferrari at Upcoming Event

Broad Arrow Auctions, a prominent name in classic car auctions under the Hagerty brand, is excited to feature a 1959 Ferrari 250 GT LWB California Spider Competizione at their highly anticipated auction. This esteemed vehicle, noted for its unique Scaglietti coachwork and chassis no. 1451 GT, is set to capture the attention of collectors worldwide. The auction is slated to occur at the Ritz-Carlton Amelia Island, Florida, and is expected to fetch between $10,000,000 and $14,000,000.

A Historical Marvel with an Impressive Racing Legacy

The Ferrari 250 GT LWB California Spider Competizione is one of only eight aluminum-bodied examples in existence, making chassis no. 1451 GT a truly unique asset in automotive history. With a noteworthy association with Le Mans, this vehicle is recognized as one of the most significant competition Ferraris ever constructed. Equipped from the factory with the competition-oriented outside-plug Type 128 F engine, it also features key performance aspects such as a Type 508 D gearbox, high compression ratio for exceptional horsepower, an external oil cooler, and enhanced suspension systems.

Racing Debut and Evolution

Completed just days before the famed 1959 24 Hours of Le Mans, this Spider was driven by Robert “Bob” Grossman along with co-driver Fernand Tavano. Their racing journey at Le Mans resulted in a remarkable fifth-place finish overall, which remains a legendary achievement for the 250 GT California Spider. The historical triumphs in its race debut showcase the raw power and engineering brilliance behind this iconic vehicle.

The Crown Jewel of Collectibles

Barney Ruprecht, VP of Auctions at Broad Arrow, describes the 250 GT LWB California Spider as "the crown jewel of all open Ferraris" and underlines its dual significance as both a racer and a luxurious convertible. The vehicle not only excels on the racetrack but also garners accolades at prestigious concours d’elegance events around the globe. Its superb track record makes it a highly sought-after piece for collectors looking to add a genuine piece of automotive heritage to their collections.

Continuing Legacy Through Restoration

After its successful racing stint, the Spider returned to the Ferrari factory to receive a meticulous finishing touch in metallic silver, a shade it proudly retains. Throughout its journey, it experienced both competitive racing and exclusive show appearances, including a noteworthy presence at the Pebble Beach Concours d’Elegance across several decades.

A Promising Future for Bidders

The upcoming auction not only signifies the potential for a record sale but also exemplifies the growing interest in high-end collector vehicles. Broad Arrow Auctions is keen on serving serious bidders wishing to acquire this magnificent vehicle or those looking to consign their automobiles. Interested parties may reach out directly to the auction house for insights and further details about the auction process.

Broad Arrow Auctions: A Leader in the Industry

Established in 2021, Broad Arrow has swiftly ascended to prominence within the collector car auction scene. With innovative platforms and unique automotive experiences, it has cemented its reputation for offering exceptional vehicles that celebrate automotive history. Upcoming auctions, including The Amelia Auction and The Monterey Jet Center Auction, demonstrate the brand's commitment to excellence and customer satisfaction.

Frequently Asked Questions

What is the estimated sale price for the 1959 Ferrari?

The 1959 Ferrari 250 GT LWB California Spider is estimated to sell for between $10,000,000 and $14,000,000 during the upcoming auction.

Who was the original owner of the Ferrari?

The Ferrari was originally owned by American car dealer Robert “Bob” Grossman, who raced it at Le Mans.

What distinguishes this Ferrari from others?

This model is one of only eight aluminum-bodied 250 GT LWB California Spider cars and has a notable Le Mans racing history.

When is the auction taking place?

The auction is scheduled for March 7-8, 2025, in Amelia Island, Florida.

How can interested bidders participate?

Interested bidders can find out more about the auction process and details by visiting Broad Arrow’s official website or contacting a specialist directly.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.