A 1962 Ferrari 250 GT Cabriolet Unearthed in a Garage is Worth $1,275,000

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Finding a treasure on four wheels in a barn or an old abandoned garage is increasingly rare luck. That’s why when it happens it becomes news, as in the case of this 1962 Ferrari 250 GT Cabriolet, which could be the last unrestored example left on the road. This is a second series, one of the last fifty produced, and bears the chassis number 3051. This goes back to its entire history and its original color which was dark blue with red leather interior. Interior that is still in good condition, albeit with a certain layer of patina that has settled over the years. On the bodywork, each panel matches the original with the correct number of stampings intact and the original blue tint is still visible in some areas of the car.


This Ferrari 250 GT Cabriolet left the factory on November 25, 1961 and is the number one hundred and fifty-two out of two hundred built. It was registered for the first time in Milan by its first owner Raffaele Redaelli, born in Milan on 24 October 1895, residing in Via Umberto in Verano Brianza. He owned the car until 1970, when it was sold to second owner Peter Kober who had it shipped to New York in 1971, where it has remained until now. Today the car is intact but needs a major restoration. The engine is intact and theoretically functional, but it is definitely worth having it fully serviced.


The car is complete with the Italian registration papers and the report by the expert Marcel Massini. In addition there is the original tool kit, albeit partial, a clean set of Borrani rims and an additional set of re-chromed bumpers. The Ferrari 250 GT Cabriolet is up for sale from specialists Gullwing Motor Cars and the asking price is $1,275,000. A certainly high figure but which, once the car has been perfectly restored, could easily double or even triple. After all, this is probably the most famous open-top Ferrari ever and with its characteristics – space on board and for luggage, engine flexibility and long fifth gear – it can still be used today.

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