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Lot 41

2016   |   Scottsdale Auctions 2016

1960 Ferrari 250 GT Series II Cabriolet

Coachwork by Pinin Farina

Estimate

$1,800,000 - $2,200,000

Chassis

1967 GT

Engine

1967 GT

Car Highlights

The 46th of 202 Examples Built
Seven-Time Veteran of the Colorado Grand
Accompanied by Factory Hardtop
Documented with Service Invoices, Ownership History, and Massini Report
Ferrari’s First Production Luxury Cabriolet

Technical Specs

2,953 CC SOHC Tipo 128F V-12 Engine
Three Weber Carburetors
260 BHP at 7,000 RPM
4-Speed Manual Gearbox with Overdrive
4-Wheel Disc Brakes
Front Independent Suspension with Coil Springs
Rear Live Axle Suspension with Semi-Elliptic Springs, Parallel Trailing Arms, and Telescopic Shock Absorbers
Register to Bid

Original Color, Featuring Factory HardtopMr. Stot (acquired new)Arnold Crane, Chicago, Illinois (acquired by the mid-1960s)Charles Kem, Ayer, Massachusetts (acquired circa 1972)Terry Herndon, Massachusetts (acquired circa 1980)John Greenup, Worcester, Massachusetts (acquired circa 1981)Ferrari of San Francisco, California (acquired circa 1990)John Warner, Denver, Colorado (acquired June 1994)Private Collection, Texas (acquired circa 2005)Robert Young, Carbondale, Colorado (acquired in February 2006)Jeff Lotman, Los Angeles, California (acquired in March 2011)Current Owner (acquired from the above)

Colorado Grand (1995, 1996, 2006-2010)San Marino Concours d’Elegance, San Marino, California, June 2015

Chassis 1967 GT is the 46th example of 202 second-series 250 GT cabriolets produced by Pinin Farina. It claims a recent restoration to the original factory paint color, and a documented history of ownership including significant touring use, beautifully exemplifying the early open-bodied luxury Ferrari.

According to the records of Pinin Farina and marque authority Marcel Massini, this Series II Cabriolet was completed in July 1960, finished in Azzurro Chiaro Italver paint, a soft light-blue metallic shade that lends immeasurable elegance to the Ferrari’s handsome proportions. Also trimmed with a matching blue interior, the Ferrari was first sold to an owner about whom little is known other than his family name: Stot.

By the mid-1960s, the 250 GT was owned by an Illinois-based enthusiast, and after trading through Luigi Chinetti Motors in New York in 1967, it passed to several East Coast owners over the following 15 years. Notably, in 1981, the Ferrari was advertised with a factory-equipped hardtop, which had likely been with the car since new. Relocating to the West Coast by 1989, the beautiful cabriolet was treated to a restoration and displayed for several years by Ferrari of San Francisco. In 1994, the car was acquired by John Warner of Denver, Colorado, and he entered it in the Colorado Grand in 1995 and 1996. By the mid-2000s, the 250 GT was taken on consignment by Ferrari specialist Michael Sheehan from a Texas based enthusiast.

The 250 GT was then purchased by Robert Young, a vintage-racing enthusiast and banker from Glenwood Springs, Colorado, who was also a principal owner of Ferrari of Denver. Service invoices reflect regular attention from his dealership and the specialists at Scuderia Rampante in nearby Boulder, and during this period the rear axle and carburetors were rebuilt and the fuel tank was re-sealed. This work helped ensure additional strong performances on the Colorado Grand, which the car ran consecutively from 2006 to 2010.

Consigned again to Michael Sheehan, this Cabriolet very briefly passed to a Los Angeles resident in early 2011 before being sold to the current owner, a Ferrari collector also in the Los Angeles area. As a well-sorted driving example, the car was soon put to use on several private rallies, including a 1,500-mile jaunt on the East Coast that was completed without incident.

In 2013, the consignor sought to solidify the car’s history; he reports that the engine has been confirmed to be original to the car through factory correspondence. He also consulted with Ferrari historian Marcel Massini and the factory to determine the original paint color. A high-quality repaint in Azzurro Chiaro was then entrusted to Genaro Alvarado of Palmdale, California, while Howard McKee of Lakeside, California, was commissioned to re-trim the interior with sumptuous tan hides, and a new soft top was installed.

DeWayne Samuels of Phoenix, Arizona, who has overhauled numerous Pebble Beach-winning entries, extensively sorted 1967 GT’s mechanicals. The consignor invested approximately $35,000 in engine work alone, and the total restoration effort has put 1967 GT in a sensational overall state.

Before the restoration was fully completed, the Ferrari was presented at the San Marino Concours d’Elegance and took second in class, conceding only to the best-in-show 1950 Ferrari 195 Inter. Since this appearance, approximately $10,000 has been invested in the correction of numerous important details, resulting in an example fit for a host of vintage car events and concours d’elegance. Having only been publicly shown once in many years, this seven-time veteran of the Colorado Grand can expect newfound success on show fields, with its exquisitely styled matching hardtop lending even greater elegance to Pinin Farina’s timeless cabriolet design.

This early example of the increasingly desirable second-series PF cabriolet offers show-worthy authenticity and presentation, and regularly serviced and tended mechanical elements. Clearly one of the most strikingly beautiful examples of the model, 1967 GT provides an excellent opportunity to join the exclusive group of open Ferrari 250 GT owners.