1961 Ferrari 250 GT

Series II Cabriolet, body by Pininfarina
$1,490,000
Sale Price
$1,200,000 - $1,400,000
Est. Range
Yes
Reserve
22 May 2021
Sold Date
186
Lot Number
#2-
Older restoration
RM Sotheby's
Auction House
Chassis no. 2533; Engine no. 2533. Grigio Conchiglia over blue leather. 2953/240hp, 5-speed, hard and soft tops, chrome spoke Borrani wire wheels, Michelin Defender tires, Autovox radio, power antenna, grille-mounted fog lights, Marchal headlights, tool roll, spare, manuals.

Evaluation: Restored in the 2010s in its original colors. Ferrari Classiche Red Book certified. Very good repaint and interior other than small scrapes on the seat back piping and a tarnished ashtray cover. Scuffed windshield frame chrome. Clean older restored chassis and underbody. The engine compartment is orderly and done to reasonable standards without being made into jewelry. The hood stands high on the right rear corner.

Bottom Line: A buyer at Brooks Gstaad auction in 1998 picked up this Ferrari (then in Resale Red) for $130,336 (SFr 212,500 at the time, about $236,500 at today’s exchange rate.) It’s had much attention since then and is an exceptionally handsome and well-preserved older restoration today that makes a statement in its original colors and brought a healthy but realistic price.

by Rick Carey
29 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.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.