Heroshot

1958 Ferrari 250 GT

Coupe
$456,000
Sale Price
49
Lot Number
#2-
Older Restoration
Bonhams
Auction House
Chassis No. 1007GT. Silver metallic over blue leather. 2953-cc, 240-hp V-12, 4-speed manual. Chrome-spoke Borrani wire wheels, Michelin Pilote X tires, behind-the-grille fog lights, block-letter Ferrari badge and chrome Cavallino above the grille, wood-rim steering wheel, seven dash switches, five dash gauges plus tach and speedo.

Evaluation: Older restoration | A specially configured PF coupe, one of two built. Delivered to Carlo Vitale, its counterpart went to his partner, Dr. Enrico Wax of Wax & Vitale, Johnnie Walker importer for Italy. Retained for only a few months, sold to Luigi Chinetti and displayed at the 1959 Chicago Auto Show. Restored by RPM in the early 2000s, recently freshened by Patrick Ottis. Good older paint with minor cracks below the C-pillars, small stone chips on the nose, and a small dent under the rear license plate. Lightly stretched upholstery, clear and crisp gauges. Orderly engine compartment and chassis showing some age but little use. An attractive and well-restored PF coupe with special features and an intriguing early history.

Bottom Line: Offered by RM in its online summer auction three months ago where it was reported bid to $480,000. The consignor took the lesson to heart and decided to take the money rather than risk letting this nice car get shopworn. The condition and particularly the history make the car a superior value in this transaction.

by Hagerty Editor
20 August 2020
Hagerty
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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.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.