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Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

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Ever wondered, why the Ferrari 250 GT LWB California Spider has "California" in its name? Here’s why. A Ferrari dealer based out of the U.S. requested the company to make a car named after their biggest market and hence the name. The sunshine state of California has been the home of Hollywood for ages and money was never short.

Even today, the sheer number millionaires in the state is mind-boggling. That said, with the advent of the age of information and technology, a new generation of billionaires have emerged. Anyway, back to the California Spider. The 1958 Ferrari 250 GT California Spider LWB will hit the auction block soon.

Experts suggest, the car could be valued over $8 million! One reason for such a high price is the fact that back in the days, Ferrari only built 50 examples of the California Spider. Now, the Ferrari 250 GT was a thoroughbred racer on which the California was based. The "LWB" stands for "Long Wheelbase". The market for old and rare Ferraris is huge. Only this year, RM Auctions sold an equally rare Ferrari 275 GTB/4S NART Spider for 25 million dollars!

And that’s not all, an even exclusive Ferrari 250 GTO fetched no less than $50 million. A short wheelbase version of the 250 GT California Spider also found a buyer recently. He apparently shelled out $11 million for the 250 GT California Spider SWB. The LWB California that is to be auctioned by RM Auction in Arizona is the 11th chassis (out of 50) produced by Ferrari and worked upon by the legendary metal worker Scaglietti.

Click past the jump to read more about the Ferrari 250 GT California Spider LWB

1958 Ferrari 250 GT California Spider LWB

Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

The 250 GT California Spider shared its underpinnings with the 250 GTO race car. The body was hand beaten out of aluminium. The exterior styling was based on the Ferrari 250 GT Cabriolet Series I which was designed by, none other than Pininfarina. You can spot the slight tweaks that have been made on the California Spider’s design.

Inside, the 250 GT California Spider isn’t what you call luxurious. The interior stripped off any unnecessary stuff, in a true sports car fashion. The heater is the only comfort feature that has been left untouched.

Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

Under the neatly rolled hood is a naturally aspirated V-12 with single overhead cams and 2-valves per cylinder. The engine develops 222 horsepower from a total of 3.0-liter it displaces. The fuel system consists of a set of Weber Carburetors.

The longitudinally mounted V-12 engine delivers power to the rear wheels via a 4-speed manual transmission. The car is able to accelerate to 60 mph in just 6.5 seconds and has a top speed of 145 mph. Like most modern cars, the Ferrari 250 GT California Spider uses disc brakes.

Arizona
16 - 17 January 2014
Lot 112
1958 Ferrari 250 GT LWB California Spider by Scaglietti
$7,000,000 - $9,000,000

222.5 bhp, 2,953 cc overhead-camshaft Colombo V-12 with triple Weber carburetors, four-speed manual transmission, independent front suspension via A-arms, coil springs, and telescopic shocks, rear suspension via live axle, semi-elliptic springs, and hydraulic shocks, and four-wheel hydraulic disc brakes. Wheelbase: 102.4 in

Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

- The 11th of 50 LWB California Spiders built
- Matching-numbers example, with covered headlamps
- Former owners include Gerald Roush and Anthony Wang
- Documented by Ferrari historian Marcel Massini

If there are two words in the Ferrari vocabulary that get the blood flowing in any tifosi, surely those words are "California Spider." The California Spider is considered by many to be the most beautiful car to ever come out of Maranello, and it certainly had performance credentials to back up its stunning presence. To the individual that was looking for a car that could be driven leisurely with the top down on Saturday, taken to the track and raced hard on Sunday, and with the requisite Italian style and flair only a Ferrari could deliver, there simply was no other option.

The story of the California Spider starts with Ferrari’s two U.S. distributors, Luigi Chinetti and John von Neumann. Both men recognized that the American market was desirous for a convertible version of Ferrari’s mighty 250 GT Berlinetta, which gained the nickname "Tour de France" (or TdF) for its wins at the iconic French sports car race. Ferrari’s American clients wanted all the performance that the TdF could provide but also a convertible roof, which was perfect for those sunny California days, and they lobbied the factory for the production of such an automobile. While Ferrari already produced a convertible V-12 road car at the time, the 250 GT Cabriolet, this car was not to be confused with the California Spider, as the Cabriolet drew its roots from the Pininfarina Coupe. The California Spider was something far more potent.

Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

Make no mistake, the long-wheelbase Spider was certainly not solely intended for Ferrari’s wealthiest clients to use for jaunts down the California coastline; it was a car that came with serious competition pedigree, and it was perfect for the individual in search of a fast and purposeful open two-seater. American driver Richie Ginther co-drove with Howard Hively in a LWB California Spider to win the GT class at the 1959 12 Hours of Sebring, finishing 9th place overall. However, the most remarkable competition success was undoubtedly Chinetti’s North American Racing Team’s 5th overall at the 1959 24 Hours of Le Mans. The N.A.R.T.-entered Ferrari California Spider of Bob Grossman and Fernand Tavano was beaten only by two Aston Martin sports racing cars and two Ferrari competition coupes, and it covered 3,964.491 kilometers at an average speed of 165.187 km/h, including pit stops. This was certainly no boulevard cruiser.

California Spider production began in 1958, and several examples had been built by the time it was announced as a separate model at Ferrari’s annual press conference in Modena on December 9, 1958. Many of the early California Spiders carried only subtle changes over their hardtop siblings. The prototype California Spider (chassis 0769 GT) was nearly unchanged from the TdF, with the exception of its convertible top. By mid-1958, the California Spider had adopted an engine with reinforced connecting rods and crankshaft (type 128D) and a new chassis (type 508D), but it still retained the 250’s original wheelbase of 2,600 millimeters. Cosmetic changes were minor, with slightly revised wheel arches, and it could be specified with either open or closed headlights. All told, 14 LWB California Spiders were built during 1958, with the remaining 36 cars being built between 1959 and 1960.

Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

Chassis 1055 GT, the LWB California Spider presented here, was the 11th example built, and it was finished in classic Ferrari Rosso Rubino, with a black leather interior, and fitted with covered headlamps from new, according to its factory build sheet.

This California Spider was completed in November 1958, and then it boarded a ship bound for New York City. In January 1959, it was delivered new to Luigi Chinetti Motors, and then it was soon in transit again. It was sent to Fawcett Motors in Lubbock, Texas, before it was sold to its first owner, M. Steven Deck, a local attorney who registered it in the name of Deck Produce Company. Deck kept his California Spider for two years, before selling it to another Texan.

On January 7, 1962, this California Spider raced at the "Osceola Grand Prix", an SCCA regional event in Geneva, Florida. Chassis 1055 GT, wearing #19 and being piloted by Ross Durant, placed 1st in class (2nd OA, against a Lister Corvette) in its only documented competitive outing, demonstrating the race-bred nature of the California Spider itself. (The car is pictured at this event in the Prancing Horse magazine, issue number 168.)

Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

Chassis 1055 GT would continue to remain in the southern United States for many years, including the period before and after its acquisition by Robert McKee and Gerald L. Roush, founder and publisher of the Ferrari Market Letter, which took place in 1972. In 1974, the car was purchased by Ewing Hunter, of Atlanta, Georgia, who was one of three owners of FAF Motorcars, the official Ferrari dealership in Tucker, Georgia. At that time, the car was restored by FAF Motorcars, again being painted red with a black leather interior. Afterwards, this California Spider made its way north, and by 1983, it came into the ownership of Ferrari historian Stan Nowak, who authored (among several other books on Ferrari) the monograph Ferrari Spyder California, which was no doubt inspired in part by his time with 1055 GT. The car was then sold to noted Ferrari collector Anthony Wang in 1985. Some time after leaving Wang’s stable, in October 1992, the car was listed for sale by Michael W. Sheehan’s European Auto Sales Inc. in Costa Mesa, California.

Two months later, 1055 GT was purchased by James George of Mount Clemens, Michigan. George decided that his new California Spider would remain with Sheehan’s European Auto Restoration for a full concours-level restoration. During this process, a comprehensive album that contains literally hundreds of detailed restoration photos was generated, and these pictures convincingly suggest that there was no evidence of rust or accident trauma. The restoration was finally completed in January 1994, at a then-stratospheric cost of $150,000. Less than a month later, 1055 GT was shown at the Cavallino Classic, where it placed First in Class, testifying to the quality and authenticity of its restoration. Several months later, George brought his California Spider to the state of California, where it participated in the 30th annual Ferrari Club of America International Concours, the Concourso Italiano at The Quail Lodge, and the 44th annual Pebble Beach Concours d’Elegance.

Rare Ferrari 250 GT LWB California Spider To Hit The Auction Block

After leaving George’s ownership the following year, 1055 GT passed through another noted East Coast Ferrari collector, and then, in 1998, it was shipped overseas to Jorn-Holger Richter, a resident in Gstadt, Germany. In May of that year, under this new ownership, the still original engine was completely rebuilt in the Netherlands by marque specialist Piet Roelofs. The Ferrari would remain with Richter for 13 years, until it was acquired by its current owner in 2011, who has very recently treated the car to a fresh service at Ferrari of Newport Beach.

Today, the quality and attention to detail of the Ferrari’s older restoration remains impressive, as it has obviously been well-maintained and preserved by its subsequent owners. Once one slips into the driver’s seat of this California Spider, they will notice that even though it was clearly designed as a performance automobile, it is also a very comfortable place to be. It would make a memorable participant for top-shelf touring events, such as the Colorado Grand, and it surely would be welcome at concours events around the globe. In addition to the factory build sheet, receipts, and the aforementioned photo album that chronicles the restoration by European Auto Restoration, receipts from the engine rebuild in the Netherlands and various correspondence between previous owners are all included with the sale, along with the Massini report.

As a long-wheelbase example, the trim lines of its topless coachwork are as elegant as they are timeless. The overall effect is long, low, sleek, and decidedly sporting. The California Spider is as close as Ferrari came to building a touring class sports car since the early Barchettas, and only it and the later 275 GTB/4 N.A.R.T. Spiders have the elemental high-speed, open-air attitude that sets these cars apart from their more common cabriolet counterparts. Chassis 1055 GT is a spectacular example, with a notable absence of apparent or known damage in its well-documented past. As such, this offering represents a rare opportunity for anyone with a passion for the very finest Ferraris, and it would likely be the centerpiece of any collection of road going Ferraris or sport GTs. Fitting the updated 250 Tour de France’s superlative chassis with the gorgeous and distinctive spider coachwork was a master stroke of brilliance, and the result is a perfect symphony of sound and beauty, blending the most achingly handsome automotive form with the most glorious, soul-stirring automotive aria of them all.




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