Some say a Ferrari will never loose its value and we generally agree with it. But what happens when the Ferrari is all cover in rust? Bonhams has put on auction a 1961 Ferrari 250 GTE that hasn’t been driven since 1975. Imagine all the rust in there! In fact the car needs a restore session of about £100,000 – about $150,000 at the current exchange rates. Still, Bonhams hopes to sell the car for about £60,000 – about $94,000. A bargain, no?
Once featuring a very cool silver paint, this 250 GTE has a very interesting history: in 1963 it was bought by an Eva Michelson and imported from Rome to UK. Four years later she sold it to her doctor, Hector Anderson and passed as an inheritance to his daughter. Since then the car is waiting in a garage in Kent. And now hopes to make a come-back to the real life.
Bonhams said: “He only drove it for seven or eight years and it was last roadworthy in 1975. Because of this it only has 49,000 miles on the clock… Now she has taken the decision to sell the car in the hope a Ferrari enthusiast will be able to appreciate its potential and bring it back to life.”
So question is: are you that Ferrari enthusiast?