1962 Ferrari 250 GTE 2+2 Series IISOLD
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Estimate: 55,000£ - 75,000£
Estimate: €81,000 - €110,000
Estimate: $111,000 - $152,000

AUCTION RESULTS: Lot was Sold at a price of £122.925

Engine No. 3381 GT

From the Italian Collector Sig. Giuseppe Prevosti

240bhp, 2,953cc single-overhead camshaft V-12 engine, four-speed manual gearbox, front double wishbone suspension and semi-elliptical leaf spring and solid axle rear suspension, four-wheel disc brakes. Wheelbase: 102.25in. (2,600mm).

First introduced in 1954, the Tipo 250, in its various incarnations, was the first true production car built by Ferrari. Over the course of ten years, approximately 2,500 Ferrari 250s were built, ranging from the 250 GT California Spyder destined for American shores to the luxurious and attractive 250 GT/Lusso. By the late 1950s, however, as other sports car manufacturers, such as Maserati and Aston Martin, geared towards offering 2+2 models, Ferrari recognized a demand among its clients for a four-seat grand touring car. Continued investment in the Scuderia’s racing projects would naturally require additional revenue as well.

At Le Mans in 1960, the course marshal drove a 2+2 Ferrari, an apparent statement of the compatibility of performance and practicality. By October of the same year, the 250 GTE was officially introduced to the public at the auto show in Paris. Derived from the 250 GT, additional space was created by moving the pedals, seats, front floorboards, and engine forward. The Pininfarina body was composed of steel with aluminium doors, bonnet, and boot lid and rode on Borrani wire wheels. Inside, a Nardi steering wheel, leather-trimmed seats, and chrome-rimmed Veglia instruments created an atmosphere that was at once luxurious and sporty. The new Colombo-designed 2,953cc V-12 engine, first introduced on the 250 GT and derived from the 250 MM, was fitted to this model as well. This powerplant, with a four-speed overdrive gearbox, was good for 240 horsepower and an estimated top speed of 225 kilometres per hour. Ferrari 250 GTs typically accelerated from a standstill to 100 kilometres per hour in 8 seconds or less.

Production of the 250 GTE was rather short-lived. Minor styling revisions resulted in a name change to 250 GT 2+2, which by late 1963 was replaced by the 330 America. From the 400i to the Mondial and the current 612 Scaglietti, the GTE’s legacy has proved the popular appeal of a four-seat Ferrari.

This particular 250 GTE left the Ferrari factory in Maranello on 24 March 1962. By 1969, the car was owned by Donald A. Maslin of San Diego, California, and probably remained in California thereafter. In 1989, the GTE was sold by Sergio Bilanceri of California Classic Cars in Van Nuys to Sig. Prevosti, and exported to Italy – where it has remained ever since.

Overall, this particular Ferrari is in very nice condition. The deep red paint is excellent and nicely detailed while the chrome trim and Borrani wire wheels are also quite good. The beige leather interior was restored and remains in beautiful, as-new condition with very nice contrasting dark grey carpets with beige piping. A correct Nardi wood-rimmed steering wheel is also fitted. Under the bonnet, every component is tidy and clean. Thorough attention to detail has been given to the engine bay, down to the proper period-correct battery. The car is supplied with a certificate of origin from Ferrari, dated 1990.

Overall, this is a particularly nice example of the 250 GTE. As Ferrari’s first four-seater, it also benefits from a sporting GT appearance and is finished in the classic Italian red over beige. With its value very much on an upward trend, the 250 GTE is a highly desirable alternative to the Aston Martin DB6, but is fitted with the all-important twelve-cylinder engine from the masters in Maranello.

Reference Number 13167

as of 9/14/2007

Car 1962 Ferrari 250 GTE 2+2 Series II
VIN 3381 
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