A rare 1958 Ferrari 250 GT LWB California Spider has topped the recent RM Auctions event held in Arizona selling for an impressive $8 million. This is right in the middle of pre-auction estimates suggesting it would sell for between $7 and $9 million.

Thanks to this sale and the high price, this 250 GT LWB has joined 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.

Stay tuned to GTspirit for our upcoming highlights post from the auctions!

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