The Ferrari California Spider alone is one of the most desirable Ferraris and sports cars in the world. This 250 GT LWB California Spider Competizione, which belonged to the late Sherman Wolf, is an even more desirable model, as it is one of nine examples that boast an all-alloy body and a long wheelbase. That rarity is something that will drive this car to between the $7 and $9 million mark.
This sample was actually the first Ferrari that the famed collector owned, and made its way to Wolf after first being owned by George Reed. Wolf also ran this Ferrari in the first ever Colorado Grand, just adding more to its storied history.
On the mechanical side, this 1960 Ferrari 250 GT LWB California Spider Competizione boasts full competition specifications. It has an outside plug motor that has TR heads resting on top of it, 4-wheel disc brakes, velocity stacks, and a ribbed gearbox to help keep it cool. The engine is a 2,953 cc V-12 with three Weber carbs mounted atop it and a 9.8-to-1 compression ratio. It punches out 280 horsepower at 7,000 rpm and 203 pound-feet of torque at 5,500 rpm.
The body is draped in a medium shade of red and was fully restored by Ferrari specialist, David Carte. The wheels are the factory-style wires and the headlights boast the full-racing covers to help add to the car’s aerodynamic look.
This 1960 Ferrari 250 GT LWB California Spider Competizione is being offered up at the Pebble Beach Auction on August 18th and 19th, 2012 by Gooding & Company. It is one of four Ferraris owned by the Wolf estate that are up for auction in Pebble Beach.
UPDATE 08/20/2012: The Ferrari 250 GT LWB California Spider Competizione has just set a record at Monterey for all-time high price. The classic, drop-top sports car was auctioned off for a whopping $11,275,000! Someone really wanted that car!
Updated 12/27/2013: A Ferrari 250 GT LWB California Spider will be put on auction by RM Auctions in Arizona on Friday, January 17, 2014. The car is expected to fetch around $7-9 millions!
Click past the jump to read the full press release.
Gooding & Company announces the distinguished Sherman M. Wolf Ferrari Collection for its Pebble Beach Auctions
SANTA MONICA, Calif. (July 19, 2012) – Gooding & Company, the acclaimed auction house celebrated for selling the world’s most significant and valuable collector cars, is proud to announce that it
will present the extraordinary Ferrari collection of Sherman M. Wolf at its Pebble Beach Auctions on August 18 & 19. The renowned Sherman M. Wolf Collection is comprised of a rare, alloy-bodied 1960 Ferrari 250 GT LWB California Spider Competizione, a 1953 Ferrari 340 MM Spider, a 1957 Ferrari 500 TRC and a 1985 Ferrari 288 GTO, four exceptional and important Ferraris that the prominent and beloved collector worked hard to acquire and maintain throughout his life.
“Sherman Wolf was one of the most earnest and generous Ferrari enthusiasts I’ve ever known and he is dearly missed by many friends in the collecting community,” says David Gooding, President and founder
of Gooding & Company. “We are honored to offer his stunning collection for the next generation to continue his legacy of passion and admiration for these extraordinary Ferraris.”
A lifelong Ferrari devotee who passed away earlier this year, Sherman Wolf was revered and loved by his friends in the car community for his enthusiasm and dedication to the hobby. He had a passion for collecting and repairing antique radios, clocks and cars, driven by his natural engineering talents and business innovation with two-way radios. When it came to cars, he was often the enthusiastic participant
in road rallies – such as the Mille Miglia, Colorado Grand and Tour Auto – who helped repair other drivers’ cars out of good will.
The Ferraris of Sherman M. Wolf
1960 Ferrari 250 GT LWB Alloy California Spider Competizione (Chassis 1639 GT)
Ferrari’s California Spider is widely recognized as one of the greatest sports cars of all time and thus an important inclusion in any premier post-war collection. This 1960 Ferrari 250 GT LWB Alloy California
Spider, chassis 1639 GT, is one of only nine alloy-bodied LWB California Spiders ever built and with ultra-desirable covered headlights and full race specifications, this beautiful sports car is even more rare. When new, this car was delivered to the prestigious Illinois-based Ferrari dealer and racer George Reed and displayed at the 1960 Chicago Auto Show. In the late 1970s, Sherman Wolf purchased the California Spider, a significant acquisition for the first-time Ferrari owner who later drove it on the inaugural
Colorado Grand. In addition to its lightweight alloy body, it is equipped with full competition specifications including an outside plug motor with TR heads, disc brakes, velocity stacks and a ribbed
gearbox. Restored by Ferrari specialist David Carte, this alloy-bodied California Spider remains in show condition and is among the most desirable 250 Ferraris in existence. Its estimate is $7–$9 million.
1953 Ferrari 340 MM Competition Spider by Vignale (Chassis 0350 AM)
The 340 MM was the ultimate variant of the 340 series, which began in 1950 with the 340 America. A rare Ferrari indeed, Sherman Wolf’s 0350 AM is the last of ten 340 MMs as well as the last of five 340
MM Spiders bodied by Vignale. This car was sold new, in a two-tone American racing scheme, to Sterling Edwards, a famous California sportsman and chairman of the Pebble Beach Road Races Committee. After picking up the car in Italy while on his honeymoon, Edwards returned to the US and raced it throughout 1953 and 1954, winning at Pebble Beach, Palm Springs, Stead AFB and Seafair. In
1955, Los Angeles race car driver Tom Bamford purchased the 340 MM, which he drove in local races through 1955. Sherman Wolf gained ownership of the Ferrari in 1984 and enjoyed taking it on longdistance tours, including the Mille Miglia Storica and Colorado Grand. Gooding & Company is offering the 340 MM at auction with its unrestored, matching-numbers engine. Its estimate is $4.5–$6.5 million.
1957 Ferrari 500 TRC by Scaglietti (Chassis 0662 MDTR)
Ferrari’s 500 TRC is widely recognized as one of the most beautiful Ferrari sports racing cars ever built. One of nineteen 500 TRC’s built, this 1957 example was delivered new to sports racing pioneer John von Neumann. Von Neumann raced it briefly before he sold the car to Dr. Frank Becker of Washington, who competed with the 500 TRC successfully throughout the US in the 1950s. Eventually the Ferrari was sold to Thor Thorson and then Sherman Wolf, who has since owned it for 20 years. A Monterey Historics and Colorado Grand participant, this rare, matching-numbers vintage racer remains an exquisite example of one of Ferrari’s most celebrated race cars. Its estimate is $3.75–$4.5 million.
1985 Ferrari 288 GTO (Chassis 52469)
Designed by Pininfarina and coachbuilt by Scaglietti, the 1985 Ferrari 288 GTO being offered was first sold to Ferrari collector Ronald Stern of London just before Sherman Wolf acquired it the same year. Only 272 examples of Ferrari’s first limited-production supercar were built, and this 288 GTO is a US Federalized example equipped with its original books and tools, as well as air-conditioning and power
windows, which were the only options available at the time. With just 6,000 miles from new, Sherman Wolf’s original, two-owner 288 GTO has an estimate of $750,000–$900,000.
Gooding & Company’s 2012 Pebble Beach Auctions will take place on Saturday and Sunday, August 18 & 19 at the Pebble Beach Equestrian Center, located at the corner of Portola Road and Stevenson Drive. Preview days will start on Wednesday, August 15, and continue through Sunday, August 19. The auctions
will commence at 5:00 p.m. on Saturday and 6:00 p.m. on Sunday. Gooding & Company’s Pebble Beach Auctions catalogues are available for $100 and admit two to the viewing and the auctions. General
admission tickets to the viewing and auctions may be purchased on site for $40. Auctions are broadcast live from Gooding & Company’s website. Bidder registration forms, press credentials and additional
auction information are also available on http://www.goodingco.com or by calling (310) 899-1960. For additional vehicle information and up-to-the-minute results, follow Gooding & Company on Facebook
and Twitter @GoodingCompany.
About Gooding & Company
Gooding & Company, internationally celebrated for its world-class automotive auctions, provides unparalleled service in the collector car market, offering a wide range of services including private and
estate sales, appraisals and collection management. In the past two years, Gooding & Company has realized the most prestigious automotive records in the world for a Car Sold at Auction with the iconic 1957 Ferrari 250 Testa Rossa Prototype at $16.39 million and for an American Car at Auction with the 1931 Whittell Coupe Duesenberg Model J at $10.34 million. The auction house has realized extraordinary results thus far in 2012 at its annual Scottsdale Auctions in January with more than $39.8 million in sales and 98% sold, and its annual Amelia Island Auction in March with more than $36 million in sales and 91% sold. Renowned for its annual standing as the official auction house for the Pebble Beach Concours d’Elegance, Gooding & Company will return to Pebble Beach, California on August 18 & 19, 2012.