At the upcoming Arizona car auction hosted by RM Auctions, one of the world’s most exclusive, rarest and sought after sports cars will hit the auction block. The car, a rare 1958 Ferrari 250 GT LWB California Spider by Scaglietti, is predicted to fetch between $7 million and $9 million when the final hammer drops.
If this figure is reached, this 250 GT LWB will join a long list of similarly aged Ferraris fetching millions and millions at auctions all around the world. Not too long ago a rare Ferrari 275 GTB/4 NART Spyder fetched an incredible $25 million with one Ferrari 250 GTO said to have fetched over $50 million this year.
This particular Ferrari 250 GT LWB California Spyder by Scaglietti is the long wheelbase version for those that didn’t know. It is number 11 of just 50 to be created and features Ferraris traditional red finish. Since being delivered to Texas way back in 1958, the car has been bought and sold by numerous collectors across the country.
It received a new lease on life back in 1994 when it underwent a complete restoration. Since then, most of its time has been spent in Europe. It features a 3.0-liter V12 engine producing 222.5 hp and comes with a four-speed manual transmission, coil springs and independent front suspension.