Gooding & Company have anounced 1603GT for their upcoming auction in Monterey.
This follows a sale of the same car at the same sale in 2010 where it sold for $7,260,000.
But now the estimate is $18,000,000 – $20,000,000 which shows a significant rise in the market.
1603GT is one of nine competition-speficiation California Spiders with the LWB chassis.
This one was specifically used by George Reed who placed 5th overall with it at the 1960 12 Hours of Sebring.
In 2010 the current owner used Bob Smith Coachworks in Gainesville, Texas to perform any neccessary work. Prior to this Ferrari Classiche confirmed 1603GT’s original chassis, body, engine, gearbox, rear end, and other major components.
Gooding & Company describe the sale: “In his definitive book on the model, the great Ferrari historian Stanley Nowak stated, “In many respects 1603 GT must be considered one of the most desirable competition Californias.” We at Gooding & Company most certainly agree, having known and admired this exceptional car for many years. Considering its incredible rarity, superb racing record, and faultless presentation, this alloy-bodied California Spider is surely among the greatest Ferrari competition cars and, quite possibly, the ultimate open 250 GT.”
1603GT will be sold at Gooding & Company’s Pebble Beach sale on Saturday August 20th with an estimate of $18,000,000 – $20,000,000 USD. More info can be found on their website: http://www.goodingco.com/vehicle/1959-ferrari-250-gt-lwb-california-spider-competizione-2/