James Coburn

1959 Ferrari GT Sells on Ebay for $3.26 Million

Filed under: Auctions

A gorgeous, mint condition 1959 Ferrari GT sold on Ebay.com for $3.26 million. The car, with 52,000 miles on its odometer, was listed from an owner in Pittsburgh, Pa., and sold after 86 bids. The car's official designation is a Ferrari California Spyder 250 GT CS. It has a 12 cylinder engine, manual transmission and a cloth convertible top.

Designed for export to America, the California Spyder was Ferrari's interpretation of an open-top Gran Turismo Car. The concept was driven by California enthusiasts and a leading Ferrari dealer who prevailed on the Italian company to create a sports car for Californians who regularly drive with the top down.

Of the approximately 51 Long Wheelbase (LWB) California Spyders made, at least 10 were built for competition and nine of these were made with aluminum bodies. 1627GT was one of them. This rare California Spyder features a Tipo 508 D frame, which was one of nine created. 1627GT is also one of the initial California Spyders to be equipped with disc brakes, an innovation for its time. A replica of this car was featured in the film, Ferris Bueller's Day Off.

Gallery: 1959 Ferrari GT Sells for $3.26 million on Ebay.

Tags: ebay, Ferrari, Ferrari 1959 GT, James Coburn, Nicholas Cage

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Fabulous Ferraris Go on the Block in Italy

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Cars & Autos, Auctions

An incredible collection of Ferraris spanning 50-plus years of the company's history goes up for auction this Sunday at the Ferrari factory in Maranello. The stars of the sale are undoubtedly a 1961 250 GT SWB California Spyder that belonged to The Magnificent Seven star James Coburn, which is estimated at $4.6 - $5.9 million; and a 1964 250 Le Mans, est. $6.5 million - $7.4 million, making it one of the most expensive Ferraris ever to go on the block. There are plenty of other incredible machines on offer in the Ferrari: Leggenda e Passione event being staged by RM Auctions, however.

Our personal favorite is this beautiful 1962 250 GT Lusso, the very first production unit and one of only three known examples raced, which is considerably cheaper at est. $1.2 million - $1.5 million. Other highlights include a 1990 Ferrari F40 Le Mans, est. $1.5 million - $2.1 million; a 2004 Enzo specially made for a member of a Middle Eastern royal family in a one-off shade of gray, est. $1.2 million - $1.5 million; and a dashing dark blue 1967 GTB/4, est. $1.2 million - $1.6 million. If you can't make it to Italy this weekend, LiveAuctioneers.com has opened bidding online, and will also carry streaming audio/video of the event.

Gallery: Ferrari Auction Stars