You never know what you are going to find when you pass an old farm. An extremely rare Ferrari 250 GT LWB California Spider Competizione was discovered on a farm in the western French countryside. This collectible car had been in hiding for over 50 years. This is one of the most valuable barn finds in history and produced one of the most important collectibles in unusually good condition for the conditions in which the vehicle worth millions was stored. This was a serendipitous find and could have easily faded into oblivion with the fate of the rare car never determined by the larger world around it. The luck of discovering this car is compared to finding a needle in a haystack, suggesting that, in the larger scheme of things, it was meant to be. This very interesting backstory forces us to take a closer look at the $ 18.5 million Ferrari.
The history of the vehicle
Roger Baillon bought a farm in western France in the 1950s, and he knew there were some important museum pieces housed in the outbuildings, many of them automobiles, but most were giving way to the effects of time and the elements. He had a dream of creating a museum, not realizing the full value of the contents of the old makeshift structures. He was a car enthusiast, but his dream of opening a museum did not come true as financial problems plagued his business and many of the best pieces he discovered had to be sold. The Ferrari 250 GT LWB California Spider was one that was found in good condition. After tracing the roots of the car it was discovered that it had once been owned by actor Alain Deleon and after exchanging hands, the car disappeared and was assumed to be lost forever, until the unusual find unearthed the missing car.
What makes this Ferrari so valuable?
First we start with its rarity. Only 56 of this model were made in the brand’s history, and that’s a good start, but when we got to the heart of the matter, there were only 16 of them that were designed with open headlights. This particular car turns out to be one of 16, which increases its rarity, hence its value in the world of collectible cars. It is a 1961 model that also makes it a vintage piece. The car has two interesting stories associated with it. It is not just a barn find that was hidden from the world for some fifty-odd years, it was also a model in the Ferrari lineup that was made by special request from some Ferrari dealers to Ferrari for their American market. This car was inspired by the 250 GT Berlinetta Tour de France model with some modifications including a convertible top so drivers can enjoy the beautiful California surroundings, hence the name SWB California Spider. Only a few were distributed on the European market, as most were sold in the United States. This rare specimen was purchased in 2007, then shipped to the Ferrari Classiche for restoration and completed in 2010.
Evaluate the value
We go over some of the factors involved in evaluating the value of an ultra-rare collectible, like the 1961 Ferrari 250 GT LWB California Spider. Why did this car sell for $ 18.5 million at auction when there was another model of it? brand and year that sold for only $ 10,976,000? When you place a collectible on the auction block, it is unknown exactly why it will be sold. You can get an idea of where to start the bidding and even set a minimum selling price to make sure the part doesn’t get sold for a low price at auction, but the final selling price depends on the condition of the item and its value for the bidders. If you have some enthusiasts who simply have to have the car, then they will bid higher and increase the value tremendously. Of course, the inherent value of the example is the most important factor along with its rarity and assumed market value, but when you add the history and importance of a single item within the larger collection, then it is of greater importance and to some with an emotional feeling. Adhering to history, the value increases, hence the performance of a higher sale price at auction.
The story behind the 1961 $ 18.5 million Ferrari 250 GT LWB California Spider is one of the most interesting we’ve come across. This magnificent vintage limited special edition is in an elite class within the launch collection destined for the US market due to its growing …