thanks for that guys, a good summary.
1963 FERRARI 250GTE SERIES III 2+2 s/n 4843 ("barn find") had guidance of $50-100k and sold for $275k inc premium. Q: Is this the new norm for complete project GTEs? Perhaps the seller netted $225k - so would that be where similar barn finds trade private party? Q: What's a similar car without engine/trans worth these days?
Also nice auction commentary on this site (no affiliation): Le Monde Edmond Also great pictures and coverage on specific models. Model Focus: Porsche 904 Carrera GTS » Le Monde Edmond
I went to Kidston's website, but couldn't find that article. Can someone give me the exact link? thanx steve
Kidston on Monterey 2014 Kidston - The Inside Track From Pebble Beach: The Market Speaks In Real Time
I gathered, but I was looking for input on where the 250GTE market really is on both complete and incomplete restoration projects. These could be the last of the attainable classic 12's, and I may purchase one before this boat sails too!
Hagerty has just updated their valuations, the few cars I checked, all showed increases from their prior revision in May, it seems like the recent auction prices are reflected in the new valuations, all good news for owners and sellers
So I know I am late to this thread. But I just watched the Steve McQueen 275 GTB/4 (10621) auction on Chasing Classic Cars. On the show they said another 4-cam went for $3.7 million the day before. They end up getting over $10 million with the buyer's premium for the McQueen car. I don't get it. I can't believe that celebrity preovenance brought that much of a premium especially given the fact that the car was previously molested (Chopped to a convertible) before it was brought back to a berlinetta, and is not the original color. Just stunning.
McQueen cars seem to be the sole exception in celebrity provenance. I can't think of a single other example. What's interesting is that his ex cars not only command a premium, but a 2-3X premium.
