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Quartet Of Classic Ferraris Coming To Pebble Beach Auction

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On: Mon, Aug 20, 2012 at 3:03PM | By: Chris Weiss

Quartet Of Classic Ferraris Coming To Pebble Beach Auction

Each summer, the auto shows that fill out the rest of the calendar year take a vacation, and Concours d'Elegance events take over as the place for auto exhibition and excitement. The events showcase exotic and classic cars and include auction elements for those looking to add something exotic, classic or rare to their collections. This year, the Concours Pebble Beach event brings the opportunity to own four rare Ferraris from generations gone by.

The 2012 Gooding & Company Pebble Beach Auction will include four Prancing Horse classics expected to pull in a combined $20 million. The cars are all part of the collection of the late Sherman M. Wolf.

"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."

The flagship of the collection is the 1960 Ferrari 250 GT LWB Alloy California Spider Competizione, chassis 1639 GT, which was Wolf's first Ferrari. It was featured at the 1960 Chicago Auto Show and is one of only nine alloy-bodied LWB California Spiders. Projections put a $7 to $9 million price tag on the rare model.

The 1953 Ferrari 340 MM Competition Spider by Vignale is the last of 10 340 MMs, which are considered the ultimate variant of the 340 series, according to Gooding. The car won races under its original owner Sterling Edwards. It is estimated at $4.5 to $6.5 million.

The 1957 Ferrari 500 TRC by Scaglietti is a stylish race car with a racing pedigree from the 1950s. It is estimated at $3.75 to $4.5 million.

Something a little more recognizable to younger Ferrari fans, the 1985 288 GTO is described as Ferrari's first limited-edition supercar. It is one of only 272 examples built and includes such equipment as air conditioning and power windows. Bidders may be able to fetch this one for under a million, as estimates place it at $750,000 to $900,000.

The Gooding Pebble Beach Auction takes place on Saturday, August 18 and Sunday, August 19. Other cars to be auctioned include a 1968 Toyota 2000 GT, 2004 Ferrari Enzo, 1964 Ford GT40 and 1966 Shelby 427 Cobra.


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