Thursday, July 25, 2019

1958 Ferrari 250 GT LWB California Spider

Gooding & Company has just added a 1958 Ferrari 250 GT LWB California Spider to its official Pebble Beach auction docket, joining the 1962 Ferrari 250 California SWB Spider at RM-Sotheby's.

Since 2008, eight Ferrari 250 GT California Spiders have sold for more than $10m, with the highest price doubling that. The prices fetched by the two cars in Monterey will provide insight into the top end of the market.
There are two main variants to the Ferrari 250 GT California Spider, the LWB (Long Wheelbase - 2,600 mm) and SWB (Short Wheelbase - 2,400 mm). In total, 108 were built, 50 LWB and 58 SWB. The LWB were built between 1957 and 1960 and are powered by a 2,953 cc SOHC Colombo V12 engine producing 237 hp at 7,000 rpm. The SWB appeared in 1960 with disc brakes replacing the drums of the LWB and a 276 hp version of the same engine. The SWB is the preferred car, with the exception of 'competizione' units, built for racing.

At the height of the global financial crisis in 2008, a Ferrari 250 GT SWB California Spider attracted a high bid of 'just' £2.6m. ($4.2m) Hagerty suggests a concours 250 California Spider is trending around $17.5m.