Rare Ferrari Tipo 250 sells for $1.1 million at the Bonhams auction

Classic car market is at its peak currently as we have already seen three rare exotic classic cars break previous records on separate occasions. The recent $52 million deal of a rare Ferrari 250 GTO, which broke the previous record by a huge margin, highlights the boom in the market. Last week at the inaugural Bonhams auction of classic cars at Knokke-Le-Zoute, another rare Ferrari was auctioned off. A blue Ferrari 212/250 coupe, identified as one of two Tipo 250 Europa factory prototypes with coachwork by Pininfarina, went under the hammer and fetched $1.1 million.

Though it might not be as glamorous as the 250 GTO, but it’s a very rare and important Ferrari. It’s not only one of the very first of the 250 series but also from the Enzo Ferrari-period, which is before Fiat increased its holding in the company to 50 percent in 1969. A recent estimate pegged the price of Tipo 250 at 750,000 euros ($1 million) to 950,000 euros. The car sold for 816,500 euros ($1.1 million) with fees to an unidentified bidder in the room. The seller was Swiss-based, as disclosed by the dealer.

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[Via – Bloomberg]

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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.