1955 Ferrari 250 Europa

Gooding & Company's latest online sale brings in $16.1M
Monday, 3 May - Friday, 7 May 2021
Sale Price
$2,200,000 - $2,600,000
Est. Range
7 May 2021
Sold Date
Lot Number
Unrestored original
Gooding & Company
Auction House
Chassis no. 0413GT; Engine no. 0413GT. Grigio Metallizzato over Arancio leather. 2953/220hp, three Weber 36DCZ3 carburetors, 4-speed, Borrani wire wheels, Marchal headlights and fog lights, Clayton heater, woodrim steering wheel with finger buttons, owner's manual. Engine internal number 353.

Evaluation: Successor to the Lampredi “long block” engine 2963/200hp, the 250 Europa GT was the foundation of the epic Ferrari 250 GT series, its Colombo-designed “short block” 2953/220hp engine powering a generation of Ferrari GT cars. 0413GT was sold to new to legendary Ferrari client Dottore Enrico Wax, Italian importer of Johnnie Walker scotch and Connolly leather. Brought to the U.S. by William Gottwald around 1960 and in his ownership until his death last November, it was stored in 1967 and remains in original unrestored but deteriorated barn find condition. The body panels fit well and are flat but the paint is dull, dirty and chipped or flaking everywhere. Chrome is rusty and flaking. The original interior, however, is sound and should be salvageable; the carpets are not. The chassis is oily, road grimy and used. The odometer shows 33,671 km but the car’s inherent condition suggests a “1” should precede that number. A marvelous find, but a long way from even driving onto a concours lawn as a Preservation entrant.

Bottom Line: Pretty Pinin Farina coachwork, a transition between early Ferrari designs and later ones, but this car needs everything and this result is a huge premium that could have bought a quality restored and drivable car. The desire to own something different and long unknown is strong and resuscitating the Ferrari will be a labor of love, not a financially rewarding, proposition.

by Rick Carey
13 May 2021

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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.