Got $20 Million? 4 ‘Very Important’ Ferrari Cars to Go on Block
A rare collection of four Ferrari cars is expected to sell for a combined $20 million or more at the Pebble Beach Concours d’Elegance next month.
Santa Monica auction house Gooding & Co. landed the Ferrari collection, which was the property of Sherman Wolf, a Boston paging service and amphitheater entrepreneur who died earlier this year.
“It is a very important collection of cars,” said David Kinney, publisher of the Hagerty Price Guide for collector cars. “This is causing heartburn for some of the other auction companies that Gooding has grabbed this very important collection.”
The rarest vehicle in the collection is a 1960 Ferrari 250 GT LWB Alloy California Spider Competizione. Gooding & Co. said it is one of only nine alloy-bodied LWB - long wheel base - California Spiders ever built and is expected to sell for $7 million to $9 million.
The other cars include a 1953 Ferrari 340 MM Competition Spider, a 1957 Ferrari 500 TRC and a 1985 Ferrari 288 GTO.