Auctions and Brokerage
SANTA MONICA, Calif. (July 19, 2012) – Gooding & Company, the acclaimed auction house celebrated for selling the world’s most significant and valuable collector cars, is proud to announce that it will present the extraordinary Ferrari collection of Sherman M. Wolf at its Pebble Beach Auctions on August 18 & 19. The renowned Sherman M. Wolf Collection is comprised of a rare, alloy-bodied 1960 Ferrari 250 GT LWB California Spider Competizione, a 1953 Ferrari 340 MM Spider, a 1957 Ferrari 500 TRC and a 1985 Ferrari 288 GTO, four exceptional and important Ferraris that the prominent and beloved collector worked hard to acquire and maintain throughout his life.
“Sherman Wolf was one of the most earnest and generous Ferrari enthusiasts I’ve ever known and he is dearly missed by many friends in the collecting community,” says David Gooding, President and founder of Gooding & Company. “We are honored to offer his stunning collection for the next generation to continue his legacy of passion and admiration for these extraordinary Ferraris.”
A lifelong Ferrari devotee who passed away earlier this year, Sherman Wolf was revered and loved by his friends in the car community for his enthusiasm and dedication to the hobby. He had a passion for collecting and repairing antique radios, clocks and cars, driven by his natural engineering talents and business innovation with two-way radios. When it came to cars, he was often the enthusiastic participant in road rallies – such as the Mille Miglia, Colorado Grand and Tour Auto – who helped repair other drivers’ cars out of good will.
The Ferraris of Sherman M. Wolf 1960 Ferrari 250 GT LWB Alloy California Spider Competizione (Chassis 1639 GT) Ferrari’s California Spider is widely recognized as one of the greatest sports cars of all time and thus an important inclusion in any premier post-war collection. This 1960 Ferrari 250 GT LWB Alloy California Spider, chassis 1639 GT, is one of only nine alloy-bodied LWB California Spiders ever built and with ultra-desirable covered headlights and full race specifications, this beautiful sports car is even more rare. When new, this car was delivered to the prestigious Illinois-based Ferrari dealer and racer George Reed and displayed at the 1960 Chicago Auto Show. In the late 1970s, Sherman Wolf purchased the California Spider, a significant acquisition for the first-time Ferrari owner who later drove it on the inaugural Colorado Grand. In addition to its lightweight alloy body, it is equipped with full competition specifications including an outside plug motor with TR heads, disc brakes, velocity stacks and a ribbed gearbox. Restored by Ferrari specialist David Carte, this alloy-bodied California Spider remains in show condition and is among the most desirable 250 Ferraris in existence. Its estimate is $7–$9 million.
1953 Ferrari 340 MM Competition Spider by Vignale (Chassis 0350 AM) The 340 MM was the ultimate variant of the 340 series, which began in 1950 with the 340 America. A rare Ferrari indeed, Sherman Wolf’s 0350 AM is the last of ten 340 MMs as well as the last of five 340 MM Spiders bodied by Vignale. This car was sold new, in a two-tone American racing scheme, to Sterling Edwards, a famous California sportsman and chairman of the Pebble Beach Road Races Committee. After picking up the car in Italy while on his honeymoon, Edwards returned to the US and raced it throughout 1953 and 1954, winning at Pebble Beach, Palm Springs, Stead AFB and Seafair. In 1955, Los Angeles race car driver Tom Bamford purchased the 340 MM, which he drove in local races through 1955. Sherman Wolf gained ownership of the Ferrari in 1984 and enjoyed taking it on long-distance tours, including the Mille Miglia Storica and Colorado Grand. Gooding & Company is offering the 340 MM at auction with its unrestored, matching-numbers engine. Its estimate is $4.5–$6.5 million.
1957 Ferrari 500 TRC by Scaglietti (Chassis 0662 MDTR) Ferrari’s 500 TRC is widely recognized as one of the most beautiful Ferrari sports racing cars ever built. One of nineteen 500 TRC’s built, this 1957 example was delivered new to sports racing pioneer John von Neumann. Von Neumann raced it briefly before he sold the car to Dr. Frank Becker of Washington, who competed with the 500 TRC successfully throughout the US in the 1950s. Eventually the Ferrari was sold to Thor Thorson and then Sherman Wolf, who has since owned it for 20 years. A Monterey Historics and Colorado Grand participant, this rare, matching-numbers vintage racer remains an exquisite example of one of Ferrari’s most celebrated race cars. Its estimate is $3.75–$4.5 million.
1985 Ferrari 288 GTO (Chassis 52469) Designed by Pininfarina and coachbuilt by Scaglietti, the 1985 Ferrari 288 GTO being offered was first sold to Ferrari collector Ronald Stern of London just before Sherman Wolf acquired it the same year. Only 272 examples of Ferrari’s first limited-production supercar were built, and this 288 GTO is a US Federalized example equipped with its original books and tools, as well as air-conditioning and power windows, which were the only options available at the time. With just 6,000 miles from new, Sherman Wolf’s original, two-owner 288 GTO has an estimate of $750,000–$900,000.