Ferrari 250 GTE barn find: Sells for 110K
Discussion
The advert listing mentions the original owner’s successive GTE, also registered XCH 555. That one was rebuilt as this in the 1980s. It was styled like the 4 cylinder Count Donhoff 500 TRC, but obviously with the 250 V12 engine. We knew the guy who commissioned the build (I think the same company was restoring the Donhoff car at the same time) I washed it once ca. 1990. It’s gorgeous.
If you want the original 500 TRC, it’s up for auction at Monterrey next month. Estimate $8m - $10m.
https://www.hemmings.com/classifieds/cars-for-sale...
If you want the original 500 TRC, it’s up for auction at Monterrey next month. Estimate $8m - $10m.
https://www.hemmings.com/classifieds/cars-for-sale...
LotusOmega375D said:
The advert listing mentions the original owner’s successive GTE, also registered XCH 555. That one was rebuilt as this in the 1980s. It was styled like the 4 cylinder Count Donhoff 500 TRC, but obviously with the 250 V12 engine. We knew the guy who commissioned the build (I think the same company was restoring the Donhoff car at the same time) I washed it once ca. 1990. It’s gorgeous.
If you want the original 500 TRC, it’s up for auction at Monterrey next month. Estimate $8m - $10m.
https://www.hemmings.com/classifieds/cars-for-sale...
Nice 250 GT in the same auction. ( £531,609)If you want the original 500 TRC, it’s up for auction at Monterrey next month. Estimate $8m - $10m.
https://www.hemmings.com/classifieds/cars-for-sale...
https://www.hemmings.com/classifieds/dealer/ferrar...
Edited by Milkyway on Saturday 9th July 10:44
LotusOmega375D said:
The advert listing mentions the original owner’s successive GTE, also registered XCH 555. That one was rebuilt as this in the 1980s. It was styled like the 4 cylinder Count Donhoff 500 TRC, but obviously with the 250 V12 engine. We knew the guy who commissioned the build (I think the same company was restoring the Donhoff car at the same time) I washed it once ca. 1990. It’s gorgeous.
If you want the original 500 TRC, it’s up for auction at Monterrey next month. Estimate $8m - $10m.
https://www.hemmings.com/classifieds/cars-for-sale...
Nice 250 GT in the same auction. ( £531,609)If you want the original 500 TRC, it’s up for auction at Monterrey next month. Estimate $8m - $10m.
https://www.hemmings.com/classifieds/cars-for-sale...
https://www.hemmings.com/classifieds/dealer/ferrar...
Edited by Milkyway on Saturday 9th July 10:48
CarCrazyDad said:
Anyone who pays £110k for that is genuinely too rich to exist
At least the advert is good :-)
Be interesting to see what they do with it
The question is, how much would it cost to restore? Minters are making ~£400k, aren't they? Even if you threw £200k at the project then, in today's market, you'd be quids-in I'd have thought.At least the advert is good :-)
Be interesting to see what they do with it
thegreenhell said:
I don't think £200k would go very far on that restoration. I think it's more likely to simply donate its chassis plate to a new GTO or SWB replica, sadly.
In 2006, it was reckoned your could do a replica (including buying a 250GTE donor for $75k) for $400k per https://ferraris-online.com/building-a-replica-250...That article reckoned $35k upwards to do an all-new body.
Against that, I can see GTO Engineering charge $1m for a "new" 250 GTO.
My rough guess is a restoration *would* be cost-effective, but why would you? There are plenty more GTEs out there. So I suspect (sadly) you're right.
thegreenhell said:
I don't think £200k would go very far on that restoration. I think it's more likely to simply donate its chassis plate to a new GTO or SWB replica, sadly.
I think that’s what the ad hinted at... looks rotten as a pear & devoid of a few bits too.Edited by Milkyway on Saturday 9th July 19:45
skwdenyer said:
The question is, how much would it cost to restore? Minters are making ~£400k, aren't they? Even if you threw £200k at the project then, in today's market, you'd be quids-in I'd have thought.
I don't think 200k on a car you can't buy off the shelf parts for anymore would go enough. That car sold is never going to drive again. As the next poster says I'd suspect they want it for the chassis number. It's exactly the sort of thing that GTO Engineering use for their SWB Revival recreations. They say they use the identities of 250 and 330 that are beyond repair. If they can actually reuse any of the parts or sell them on then that's just a bonus. The value is in the identity for getting the new car registered.
thegreenhell said:
It's exactly the sort of thing that GTO Engineering use for their SWB Revival recreations. They say they use the identities of 250 and 330 that are beyond repair. If they can actually reuse any of the parts or sell them on then that's just a bonus. The value is in the identity for getting the new car registered.
This is probably a really stupid question, so apologies in advance, but is that actually any different to ringing just on the guise of a legitimate business? I accept i'm probably completely missing the point.ZiggyNiva said:
This is probably a really stupid question, so apologies in advance, but is that actually any different to ringing just on the guise of a legitimate business? I accept i'm probably completely missing the point.
Similar point to ziggy. I know nothing about this stuff, but If the chassis no is virtually the only part left, then how is this the old car at all?
If you used the engine and a bit of chassis, I could see it, with my generous glasses on.
n3il123 said:
I thought the term ringing was buy an identity from a write off and applying it to a stolen car as opposed to creating something new?
My understanding was it was more generally a way of making out a car wasn't what it said it was. So for example using it as the basis of a kit car so you didn't have to pass an IVA etc.Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff