Last weekend Gooding & Company sold 1965 Ferrari 500 Superfast chassis 5989 SF for $2,915,000 USD.
Remarkably, this same car was sold by RM Auctions in 2011 for $935,000 USD which makes its annualized rate 20.87%.
That means this car will likely be worth $3,352,360 USD in 2018 with a total capital gain of $608,360 USD.
5989 SF was delivered new in Azzurro (Light Blue) with custom Panno Blu Speciale upholstery which typical from a Lancia Flavia. It was completed January 12, 1965 and shipped to Luigi Chinetti for its first owner Ross Cortese in California.
Being the seventh Superfast of a limited production, it has early features such as the 11-louvre fender vents.
In 2005 5989 SF benefitted from a two-year restoration by Beckman Coachworks of Costa Mesa, California. They retrimmed the interior upholstery in red.
Gooding sold the car with its Ferrari Classiche Red Book which verifiss the original chassis, body, engine (internal no. 14/SA), gearbox (internal no. 482), differential (internal no. 11).
Gooding & Company describe the car:
“As one of only 28 left-hand drive Superfasts ever built – and one of considerably fewer early production cars possessing distinctive features – 5989 SF must be considered among the most important coachbuilt Ferraris. Brilliantly presented in a spectacular color scheme, maintained by respected specialists, and certified by the Ferrari Classiche department, this is an immensely desirable classic Ferrari.”