1964 Ferrari 250 GT Lusso Competition Berlinetta
Autos At Auction: Square Deals on Hot Wheels
April 2, 2002
Like swallows to capistrano, automotive aficionados have for the past 31 years made the journey to Scottsdale, Ariz., for the Barrett-Jackson Collector Car Auction. At this year’s sale, a number of race cars, both original and continuation, went on the block—and, as pointed out in Jan Morgan’s article (page 20), the price differential between the two can be dramatic.
A 1966 Ford GT40 MK 1 sold for $405,000. (Click image to enlarge)Two Jaguar D-Type replicas were on offer this year; both reached high bids of $65,000, but only one sold. Contrast that with recent, authentic D-Type sales, which, depending on provenance and condition, may cost anywhere from $650,000 to $1 million. These mirror current NADA values.
A Porsche 550 Spyder replica sold for $39,000. Original 550s carry a much heftier price tag, with most examples in the last few years selling on either side of $400,000.
An original 1966 Ford GT40 MK I Coupe sold for $405,000, while one of seven 1967 GT40 MK III Coupes built failed to make reserve at a high bid of $310,000. Sports Car Market said of the GT40 in 1999, “$300,000 to $400,000 seems to be the current range for street GT40s. Race cars, particularly those with factory team history, will bring much, much more.”
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