A 1986 hit movie made the Ferrari 250 GT California Spider famous among non-enthusiasts, but the California Spider had a rich life before that film. Enthusiasts have revered the car as a pinnacle Ferrari classic since it left the factory more than a half-century ago. The Ferrari collectors who restored this 1962 California Spider bought it in lightly damaged condition in 1972 for – wait for it – $2,400! It is expected to sell for up to $22 million at the Gooding & Company Amelia Island auction.
The 2023 collector car auction season got off to a roaring start in January. The Bonhams Scottsdale auction reached $30M in sales, and RM Sotheby’s reported $44M. The big surprise came from Bonhams, where a 1912 Simplex brought $4.8M, a record for a pre-WWI car. Supercars were still supreme, though, with a Ferrari LaFerrari getting $4.075M at RM Sotheby’s and, earlier in the month, a Ferrari F40 topping the Mecum sale in Kissimmee, Florida at $3.135M.
One a year in January, Palm Beach, Florida becomes the center of the Ferrari world with Cavallino Classic. This four-day event presents the full spectrum of the Ferrari lifestyle, including racing, touring, and concours competition – all in and around the luxurious setting of The Breakers hotel. A feast for all the senses, Cavallino Classic is a rare opportunity to see the marque’s vibrant history on display and on the track.
Will the 812 GTS be Ferrari’s final front-engine, naturally aspirated V-12 spider? Based on the appropriately named 812 Superfast Berlinetta, the 812 GTS shares a lineage with a line of classic open Ferraris, including the magnificent 365 GTS/4 Daytona Spider of the early ’70s. The 812 GTS has a retractable hardtop roof and a 789-horsepower 6.5-liter V-12. Bonhams’ Scottsdale auction is offering a 2021 812 GTS with just 217 miles.
Of the 38,762 1969 Corvettes made, just two were built for sale with the legendary ZL-1 427 cu.-in. race engine. One of those was a convertible. The original owner campaigned it for three years before storing it until 1989. Then, after 15 years of shows and some competition, it went to a second owner, who had it restored by the world’s top Corvette restoration shop. RM Sotheby’s estimates the next owner will pay up to $3M to take the car home from its Scottsdale auction.
To close out its 964-series 911 Turbo, Porsche built the last 93 as “S” models, and 39 of those were made as the X85 Flachbau (“Flat-nose”) for the U.S. market. The Turbo S X85’s 380-horsepower 3.6-liter engine was basically the one used in the IMSA Bridgestone North American Supercar race series. The only X85 that came painted in Speed Yellow is on offer at RM Sotheby’s Scottsdale auction with a pre-sale estimate of $800K-$1M.
BMW’s Z8 is the kind of car that many wish BMW would build again. Two of those cars – a standard BMW Z8 and the Alpina version, called the BMW Alpina Roadster V8 – recently sold earlier this month at RM Sotheby’s Miami auction. Offered by two different owners, and both with under 23,000 miles, each car sold for exactly the same price: $229,600. Read the backstory on the Z8 and the Alpina Roadster.
On the heels of Porsche’s introduction of the 911 Dakar, Lamborghini has announced its plan to launch its own supercar that’s modified to play in the dirt, the Huracán Sterrato. Using the same 5.2-liter V-10 engine as the Huracán Evo, Lamborghini’s new off road-ready SUV can do 0-60 in around 3.2 seconds, has rally lights mounted on the Sterrato’s nose, and includes a built-in camera to record your adventures. Production of 1,499 Sterratos will begin in February of 2023, and U.S. pricing has not been announced.
Since taking the reins as Executive Director of the Petersen Automotive Museum, Terry Karges has changed its business model, created “must see” exhibits, and delivered profitability to the organization. Terry was raised in the California car culture, and is a well-known figure in the automotive industry. He has great stories to tell about his life, and shares insights into what makes the Museum such a great institution.
