At Monterey Car Week in Northern California, earlier this year, Bonhams conducted an auction that was highlighted by a 1959 competition Ferrari 250, beautifully restored, that sold for $US8,525,000 (see above).
Ferraris rule the classic-car world at the moment, routinely fetching millions. It just another reason why the company can launch and IPO, scheduled for later in October, that will value the car maker at $US10 billion. Ferraris are objects of desire and have been for decades. People are willing to part with huge sums of money to own one.
Have a look at the Ferraris the joined the ’59 250 in selling for big bucks in Monterey.