Rare 1958 Ferrari 250 GT California Spyder sells for $8.8 million at Arizona auction

There is little doubt that the classic car industry is booming and the rarest of the models holding special place in the automotive history are selling for top dollar, but there is an impression that the Ferrari market has passed its peak. But it’s very, very rare for a Ferrari 250 GT California Spyder to go on auction, and whenever they do, they sell for jaw-dropping hammer price. It’s the same car Top Gear presenter James May drove which was owned by radio presenter Chris Evans who bought it for more than $11 million. Only 50 of these fine machines were ever made and one of these went under the hammer at the RM Auctions Arizona 2014.

The auction was held on the grounds of the Arizona Biltmore Resort and Spa in Phoenix, on January 16-17, which saw a total sale of $45 million. A total of 10 cars with a hammer price of million-dollar-plus were sold at the auction and the top sale honor went to a 1958 Ferrari 250 GT LWB California Spider, chassis 1055 GT with coachwork by Scaglietti. Chassis 1055 GT is the 11th of 50 long-wheelbase California Spiders and it was sold of $8,800,000, making it the most valuable car sold in Arizona auction week history. Other classics that were sold for more than a million dollars at the auction included a 58’ Ferrari 250 GT Cabriolet which was sold for $6.1 million and a 97’ McLaren F1 which went for $5.3 million.

Also read -  Ferrari F430 Scuderia for passionate and sports-driving clients

[Via – USA-Today]

Tags from the story
Written By
Sayan Chakravarty, a Senior Writer at Luxurylaunches, brings over 10 years of automotive journalism expertise. He provides insightful coverage of the latest cars and motorcycles across American and European markets, while also highlighting luxury yachts, high-end watches, and gadgets. An authentic automobile aficionado, his commitment shines through in educating readers about the automotive world. When the keyboard rests, Sayan feeds his wanderlust, traversing the world on his motorcycle.