Classic Ferrari 250 California sells for $11m
This weekend at the Pebble Beach Concours d’Elegance one classic Ferrari seller had a very good day. He put his 1960 California 250 LWB Spider Competizione through the yearly classic car auction and it was estimated to reach between $6-8m.
But as with any Ferrari with ‘250’ in its name at the moment there were determined buyers in attendance and the bids kept going higher and higher until it topped out at $11 million, a new record for a 250 California.
This California is especially rare as only 9 examples were made in the Competizione style which included uprated brakes, engine and fared in headlights. The car was from the Sherman Wolfe collection which also sold a 1985 288 GTO for $1m and a 340 MM Spider, which went under the hammer for just under $4.5m.
With the recent sale of a 250 GTO for $31m and even the 250 SWB making around $5m, it seems as if the clever money is going into classic Ferraris at the moment.
Though for this writer, the 250 California will always be associated with Ferris Bueller's Day Off, it's just a shame that owning one will be so far out of most people's reach.
Dur..bow..bow. Chick. Chick-chick-ah.....
Images courtesy of Pebble Beach Auctions