The 1960-1962 Ferrari 250 GT Cabriolet Series II may not have starred in a blockbuster movie about a mischievous Chicago high-schooler playing hooky, but it is nevertheless one of the brightest stars in the Ferrari universe. A bit more focused on touring comfort than its athletic California Spider sibling, the Series II Cabriolet was nearly as fast. Its Pininfarina-designed-and-built body easily draws admiring glances more than six decades later. Just 200 were built, and the RM Sotheby’s Phoenix, Arizona auction is offering one with a plethora of concours and show trophies. The pre-sale estimate is $1.5M-$1.75M.
Closing in on the end of another year, Premier Financial Services looks back on its Top-10 exotic cars leased for 2023. This year, Ferrari pushed Porsche out of the #1 leased marque for the year in terms of volume of leases. Lamborghini, however, made a stronger showing on the list with three models in the Top-10. Porsche’s two top sports cars, the 911 GT3 and 911 Turbo S, both made the cut, as well. With its new MC20, Maserati has returned to the mid-engine exotic category after a 45-year absence. The new Maserati grabbed the #10 spot on the list. What’s your favorite?
While EVs may grab headlines with their acceleration performance, the latest gas/electric hybrid supercars throw down the gauntlet with some track-burning speed and excitement. The early tests of the Ferrari 296 GTB and Lamborghini Revuelto show that, with a little help from electrons, cars with roaring engines can still melt the asphalt … and blow their drivers’ minds. Though far apart from each other in price, the Ferrari and Lambo make the same emphatic point about the still-thrilling potential available from cars with pistons and pipes.
If you plan to be in New York City on November 13 and have easy access to about $60 million, why not take a chance bidding on a one-of-one Ferrari? The RM Sotheby’s Modern and Contemporary Art auction will offer a 1962 Ferrari 250 GTO that’s also known as the 330 LM. The car was built to suit a new race class at the time, which allowed replacing the 25 GTO’s 3.0-liter V12 with a more powerful 4.0-liter. Ferrari kept this special GTO for its own Scuderia Ferrari race team. Will this car surpass the reported $70 million a private collector paid for a 250 GTO in 2018? We shall see on November 13.
Has inflation taken a bite out of the exotic car market? Premier Financial Services Midwest Regional Sales Manager Ross Dressel has seen a dip in activity in the $200K-$500K heart of that segment. But meanwhile, “affordable” pre-owned exotics and classics in the $75K-$200K range are getting more action for America’s #1 exotic and classic car lease financing provider. Who’s up? Who’s down? Read here to find out.
The Corvette is going electric! This fall, customers start taking delivery of the quickest Corvette ever, the E-Ray hybrid. Combining combustion and electric power, the E-Ray is designed to deliver the ultimate street Corvette experience. Just as the 2020 mid-engine Sting Ray realized a Corvette layout first promised more than 50 years ago, the E-Ray’s all-wheel drive delivers on legendary Corvette engineer Zora Arkus-Duntov’s vision and experiments with all-wheel grip for the Vette even before that. The E-Ray is available in coupe and convertible models, starting around $105,000. A full electro-Vette is in the pipeline, too.
Just a few months after unveiling its new DB12 “super tourer” coupe, Aston Martin has introduced the convertible version, called Volante. The British automaker first used the Volante name on a special run of 37 DB5 convertibles in 1965 and has used it on its convertibles since. The name is Italian for ‘flying’ or ‘moving lightly and quickly.’ The 671-horsepower DB12 Volante can certainly do that. The newest Aston Martin would seem to have just two direct rivals, the Ferrari Roma Spider and Bentley Continental GTC. Which would you choose?
What does $400 million buy today? It was enough to take home about 1,200 of the world’s finest collector cars offered at the 2023 Monterey auctions held from August 17-19. That was down from $475M in 2022, and the sell-through rate was lower, too. Just the same, some stellar automobiles traded hands in Monterey at auctions held by Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s. The top sale was a 1967 Ferrari 412P racecar for $30.2M at Bonhams, while a 1957 Jaguar XKSS, one of just 16 made, was #2 at just over $13M.
Giotto Bizzarrini, who died in spring 2023, left a legacy that includes the Ferrari 250 GTO, the first Lamborghini V12 engine, and the car that bore his name, the Bizzarrini 5300 GT. Few of these stunning Italian sports/GT cars were made, all powered by Chevy Corvette V8s for spellbinding performance and easy serviceability. A class win at Le Mans in 1965 established racing pedigree. At its Monterey Auction this month, RM Sotheby’s is offering an impeccably finished 5300 GT with a pre-sale estimate of $880K-$1M.