Heroshot

1964 Ferrari 250 GT

Lusso
Gooding & Co. Geared Online, October 2020
Monday, 26 October - Friday, 30 October 2020
$1,430,000
Sale Price
$1.4M - 1.8M
Est. Range
Yes
Reserve
30 October 2020
Sold Date
41
Lot Number
#3+
Older restoration
Gooding & Company
Auction House
Chassis no. 5931; Engine no. 5931. Amaranto over beige leather. 2953-cc, 240hp V-12, 5-speed, chrome spoke Borrani wire wheels, Marchal headlights and fog lights, Ansa exhaust.

Evaluation: Represented as the original matching numbers engine (internal number 2206/62E) and rear axle. Restored about six years ago and used since. There are paint flaws including chips on the hood corners, around the fuel filler cover, and some microblisters in the paint. The windshield is sand chipped. Good lightly stretched upholstery. Some of the trim chrome is weak. It’s a quality driver Lusso.

Bottom Line: This is a better than driver-quality Lusso price, particularly for an example with no evidence of external analysis of its quality other than Marcel Massini’s ownership and exhibit history. There’s no Ferrari Classiche, no FCA, no Cavallino Classic, just the owner’s representation of the original engine and rear axle, nor are these the original colors. The bidders leaned heavily on weak reeds in valuing it at this price which is close to expensive.

by Rick Carey
2 December 2020
1964 Ferrari 250 GT Lusso
1964 Ferrari 250 GT Lusso Engine
1964 Ferrari 250 GT Lusso Interior
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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.