OT - 1958 Ferrari

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Model T Ford Forum: Forum 2014: OT - 1958 Ferrari
Top of pagePrevious messageNext messageBottom of page Link to this message  By Jim on Thursday, September 11, 2014 - 12:55 am:

My most valuable haul to date ...

Just dropped today in Arizona

One of 49 built, this 1958 Ferrari Ellena is widely agreed to be Ferrari's first production vehicle.

This one was unknown for (40) years, it is a complete car with matching number frame, body, chassis, engine, tranny.

A complete car - it came with wooden crates carrying the dis-assembled pieces.

Mid six figure value as found.

Seven figures once restored ...


Jim :-)



Top of pagePrevious messageNext messageBottom of page Link to this message  By Aaron Griffey, Hayward Ca. on Thursday, September 11, 2014 - 01:59 am:

First production car? What a crock that is.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jim on Thursday, September 11, 2014 - 05:56 am:

Aaron,

" Designed by Pinin Farina, the Boano/Ellena Grand Touring cars are generally considered to be Ferrari's first series-built production cars.
They were not exactly mass-produced by today's standards since only about 50 Ellena Coupes were built,
but nevertheless it was the first time Ferrari made this many cars of similar configuration. "


@ http://www.coachbuild.com/gallery/w/Boano_Ellena/Ferrari_250_GT_Coupe_Ellena/


Jim


Top of pagePrevious messageNext messageBottom of page Link to this message  By Frank van Ekeren (Australia) on Thursday, September 11, 2014 - 06:20 am:

Is it really worth what you have posted? look up resent sales of restored 57/58 Ferrari Ellena's and they fall well short of any 7 figures in any part of the world.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jim on Thursday, September 11, 2014 - 06:46 am:

Frank,

This car was owned by Clairence Daniels for (40) years.

He won top honors at Pebble Beach (7) years with the cars he built in the early years when guys got together simply to recognize & honor their fellow car lovers ....

I had the great privilege of meeting him - learning about his life and the life of this particular Ferrari on Monday.

I bought him breakfast - then we were at his place from 8:30 a.m. to 4:30 p.m. loading this Ferrari along with several wooden crates ....

Probably one of the best days with a car guy ever.

I do not get the appeal of Ferraris ....

But I respect the passion of guys who love them.

There are a handful of Ferrari Ellenas left,
actual information is hard to come by, auction results are just one indicator.

This is a documented complete matching numbers car.

Depending on who does the restoration, it is expected to bring between 1.2 and 1.5 million at auction.

Those are not my numbers, those are estimates from folks a lot more knowledge than me ...



Jim :-)


Top of pagePrevious messageNext messageBottom of page Link to this message  By Frank van Ekeren (Australia) on Thursday, September 11, 2014 - 07:05 am:

Thanks Jim.
But I think some one would be putting a high price on it's history then.
2013, 1957/8 Ferrari Ellena 250GT
Auction Sales results.

Average sales value $404,940
lowest sale $220,000
highest sale $687,500

4 cars sold that year.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jim on Thursday, September 11, 2014 - 07:10 am:

Frank,

The Seller & Buyer involved with this particular Ferrari have combined experience exceeding (70) years specifically regarding Ferraris ....

I defer to them .... :-)



Jim


Top of pagePrevious messageNext messageBottom of page Link to this message  By Royce in Georgetown TX on Thursday, September 11, 2014 - 07:17 am:

Monterrey Pebble Beach RM Auctions

August 16 - 17 2013
Lot 144
1957 Ferrari 250 GT Ellena Coupe
Sold for $687,500
Link: http://rmauctions.com/lots/lot.cfm?lot_id=1060844

Scottsdale, Arizona RM Auctions

January 19-20 2012
Lot 226

1958 Ferrari 250 GT Berlinetta by Ellena

High bid $400,000
Link: http://www.rmauctions.com/lots/lot.cfm?lot_id=927575


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ed in California on Thursday, September 11, 2014 - 08:18 am:

If your trailer was lost or destroyed, would your insurance cover the damage payout for that sum?


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jim on Thursday, September 11, 2014 - 09:21 am:

Ed,

This car was insured by the Buyer.

A binder issued by my insurance company for the haul would be more than the cost of the haul ....



Jim


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