MAR 18th 2015

Bonhams' Ferrari 250 GTO re‑creation shines ahead of 73MM

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In just a few days, Bonhams will be adding a third auction to its list of Goodwood events at the 73rd Members’ Meeting. This morning we chanced our luck and begged for a sneak preview of the auction room at the Chicane Paddock. They agreed, and it wasn’t long before we were overcome with fever.

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Save for a few Bonhams staff who were delicately positioning some of the cars, we were on our own and wearing the smiles of men who… well, of men who’ve just been let loose in an auction room containing a lot of delectable cars!

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Either side of the doorway are the Aston Martin Ulster which our man Andrew Frankel had the pleasure of driving recently and a magnificent Jaguar XK120. Beyond those two is a large room full of cars, each of which could command your attention for different reasons, but we’re drawn inevitably to the unmistakable shape of a Ferrari 250 GTO. 

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This one is a re-creation, but it’s important to point out here that there are re-creations and then there are re-creations. With only 39 original cars being built and with GTOs dominating on the racing circuits, demand for the cars soon reached the level where certain Italian coachbuilders were commissioned to re-body a 250 GTE in order to make the most authentic GTO replica possible, and this is what we have here.

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Whilst we cannot claim to be leading authorities on GTOs, we do see several at the circuit over the course of a year at Goodwood and this one looks bang-on to us. It was built on the 250 GTE platform by Carrozzeria Allegretti (fittingly, of Modena and who are still in business today) in 1978. It looks so good; just standing next to it is a special experience. 

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Moving on to the topic of value, Bonhams estimates it to be in the region of £400,000 – £500,000, which isn’t that far off what you’d pay for a very good 250 GTE 2+2. Of course, one of the original GTOs will set you back at least £25,000,000 nowadays, although when the next one comes to market there will be a number of parties with very deep pockets who will also want to make it theirs.

As such we have a hunch that this car is a bargain. On Saturday we’ll find out if we’re right. 

 

Photography: Tom Shaxson

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