1959 Ferrari Sells for Record $7.26 Million at Pebble Beach

by Jared Paul Stern (RSS feed)
Aug 20th 2010 at 7:04AM

A rare 1959 Ferrari 250 GT LWB California Spider Competizione (above) with coachwork by Scaglietti fetched a whopping $7.26 million at Gooding & Company's Pebble Beach sale in California over the weekend, setting a new world record for the model and capping a round of stunning auction results. The stunning roadster, which took 5th place overall at the 1960 12 Hours of Sebring race, was just one of several multimillion-dollar Ferraris to cross the block over the weekend. Gooding & Co. also hammered down a rare 1961 Ferrari 250 GT SWB SEFAC Hot Rod for $6.1 million, and a 1933 Alfa Romeo 8C 2300 Monza for $6.7 million. As we reported previously, Bonhams set another world record over the weekend with the $4 million sale of a 1970 Porsche Gulf-JWA Le Mans 917K coupe, while RM Auctions netted $4.6 million for a 1954 Ferrari 375 MM Berlinetta, among others. Gooding achieved a new record in sales, realizing $64.5 million for 106 cars during the landmark event.

Tags: Alfa Romeo, auctions, Bonhams, California, classic cars, Ferrari, Gooding Company, Monterey, Porsche, race car, RM Auctions, world record