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Luigi Chinetti was Ferrari's first continental importer to the United States. Along with brining these exotic vehicles to the US, he was also an accomplished racer during the Scuderia's formative years, and best appreciated for his North American Racing Team. The N.A.R.T. badge graced several desirable Ferrari sports cars of the 1960s and 1970s, resulting in period race winners. Many of these famous race cars wore a design orchestrated by Chinetti. Over a period of several decades, Luigi and his son Luigi 'Coco' Chinetti Jr., crafted a lineage of modified one-off, or limited-edition, Ferraris. Their most memorable creations were the ten 275 GTB/4 N.A.R.T. Spiders, one of which won at Sebring in 1967.
This particular car is chassis number 2235 GT which began its life as the 28th first-series 250 GT 2+2 created. It was given a long-wheelbase four-seat grand touring body and designated as a GTE model. It was given a green paint scheme with a black interior. Assembly was completed on January 13th of 1961 and subsequently sold to Luigi Chinetti Motors.
The car was intended for sale at a customer in Buenos Aires named Miguel Carcano, but it unclear if it was ever delivered to him. In 1964, it was damaged in a minor accident, and re-purposed by Chinetti and his son. It was shipped in 1965 to Italy for new coachwork in Coco's design and to be built by Carrozzeria Fantuzzi.
The new design called for a small-mouthed slant nose with covered headlamps and bumperettes, and GTO-style fender gills. The windscreen was raked and fitted with wind wings, and a hollow aluminum basket-handle roll-hoop in the style of Ferrari's 250 P race car.
The work was completed in the autumn of 1965. The car was finished in silver and shipped to San Francisco for the eighth annual Import Car Show at Brooks Hall in November. After its West Coast debut, it made an appearance at the Miami Auto Show and the New York International Automobile Show in April of 1966.
After its show appearances, the car was sent to Modena Sportscars where it was made road-legal and safe to race, which resulted in the addition of driving lights and the reinforcement of the basket-handle with a functional roll bar and cushioning. The engine was uprated to near-Testarossa specifications, which included the installation of six Weber carburetors and a racing camshaft. The gearbox was also converted to a five-speed unit.
Coco Chinetti used the car for several months before selling it to Michael Stone of New York City, who is believed to have occasionally entered it in local events.
Phil Tegtmeier acquired the car in 1970, part owner of Kirk White Motorcars in Paoli, Pennsylvania. Soon after, the car was offered for sale, but the reserve of $10,000 was not met.
In 1971, Mr. Tegtmeier sold the Spider to Ed Osborne, of Cleveland, Ohio, who raced it once by Tegtmeier the following year, at a local track called Nelsons Ledge.
In 1974, David Berger, along with the resources of two additional enthusiasts under a consortium dubbed the 'Fantuzzi Partnership', purchased the car for $13,700. By this time, Tegtmeier had removed the car's bumperettes. Berger also removed the wind wings and then repainted the exterior in Rosso Chiaro in 1977. A short time later, the car was raced at venues such as Lime Rock, Road Atlanta, Mount Equinox, and Sebring.
The car grazed the tire wall at Summit Point, West Virginia when Berger spun the car during a passing move. There was minor damage, yet a full restoration soon began around 1980 and took eight years to complete. During that time, the gearbox was disassembled and rebuilt and the engine was cleaned and tuned. The body imperfections were reworked and refinished. The interior was re-upholstered in black leather.
After the work as completed, the car was shown by Mr. Berger and his friends at Ferrari Club events.
Eventually, one of the other members of the Fantuzzi partnership assumed principal care of the car. In 1995, the current owner had a professional rebuild of the engine performed on the car. In 1997, the car displayed 43,900 kilometers. Since that time, the car has accrued less than 5,000 miles.
In January 2014, the car was shown at the XXIII Cavallino Classic, where it was awarded First Place in a Design Distinction class.By Daniel Vaughan | Oct 2014
This particular car is chassis number 2235 GT which began its life as the 28th first-series 250 GT 2+2 created. It was given a long-wheelbase four-seat grand touring body and designated as a GTE model. It was given a green paint scheme with a black interior. Assembly was completed on January 13th of 1961 and subsequently sold to Luigi Chinetti Motors.
The car was intended for sale at a customer in Buenos Aires named Miguel Carcano, but it unclear if it was ever delivered to him. In 1964, it was damaged in a minor accident, and re-purposed by Chinetti and his son. It was shipped in 1965 to Italy for new coachwork in Coco's design and to be built by Carrozzeria Fantuzzi.
The new design called for a small-mouthed slant nose with covered headlamps and bumperettes, and GTO-style fender gills. The windscreen was raked and fitted with wind wings, and a hollow aluminum basket-handle roll-hoop in the style of Ferrari's 250 P race car.
The work was completed in the autumn of 1965. The car was finished in silver and shipped to San Francisco for the eighth annual Import Car Show at Brooks Hall in November. After its West Coast debut, it made an appearance at the Miami Auto Show and the New York International Automobile Show in April of 1966.
After its show appearances, the car was sent to Modena Sportscars where it was made road-legal and safe to race, which resulted in the addition of driving lights and the reinforcement of the basket-handle with a functional roll bar and cushioning. The engine was uprated to near-Testarossa specifications, which included the installation of six Weber carburetors and a racing camshaft. The gearbox was also converted to a five-speed unit.
Coco Chinetti used the car for several months before selling it to Michael Stone of New York City, who is believed to have occasionally entered it in local events.
Phil Tegtmeier acquired the car in 1970, part owner of Kirk White Motorcars in Paoli, Pennsylvania. Soon after, the car was offered for sale, but the reserve of $10,000 was not met.
In 1971, Mr. Tegtmeier sold the Spider to Ed Osborne, of Cleveland, Ohio, who raced it once by Tegtmeier the following year, at a local track called Nelsons Ledge.
In 1974, David Berger, along with the resources of two additional enthusiasts under a consortium dubbed the 'Fantuzzi Partnership', purchased the car for $13,700. By this time, Tegtmeier had removed the car's bumperettes. Berger also removed the wind wings and then repainted the exterior in Rosso Chiaro in 1977. A short time later, the car was raced at venues such as Lime Rock, Road Atlanta, Mount Equinox, and Sebring.
The car grazed the tire wall at Summit Point, West Virginia when Berger spun the car during a passing move. There was minor damage, yet a full restoration soon began around 1980 and took eight years to complete. During that time, the gearbox was disassembled and rebuilt and the engine was cleaned and tuned. The body imperfections were reworked and refinished. The interior was re-upholstered in black leather.
After the work as completed, the car was shown by Mr. Berger and his friends at Ferrari Club events.
Eventually, one of the other members of the Fantuzzi partnership assumed principal care of the car. In 1995, the current owner had a professional rebuild of the engine performed on the car. In 1997, the car displayed 43,900 kilometers. Since that time, the car has accrued less than 5,000 miles.
In January 2014, the car was shown at the XXIII Cavallino Classic, where it was awarded First Place in a Design Distinction class.By Daniel Vaughan | Oct 2014
2014 RM Auctions at Monterey
Pre-Auction Estimates :
USD $1,200,000-USD $1,600,000
Sale Price :
USD $1,017,500
1961 Ferrari 250 GTE Auction Sales
Recent Sales of the Ferrari 250 GTE
(Data based on Model Year 1961 sales)
1961 Ferrari 250 GTE 2+2 Coupé Chassis#: 2353 Sold for USD$589,528 2023 Bonhams : The Zoute Sale | |
1961 Ferrari 250 GTE 2+2 Series I by Pininfarina Chassis#: 2889 Sold for USD$544,000 2023 RM Sothebys : Amelia Island | |
1961 Ferrari 250 GTE 2+2 Series I By Pininfarina Chassis#: 2619 Sold for USD$327,333 2022 RM Sothebys : Monaco Grimaldi Forum | |
1961 Ferrari 250 GTE 2+2 by Pininfarina Chassis#: 2769 GT Sold for USD$387,568 2021 RM Sothebys : The Guikas Collection | |
1961 Ferrari 250 GTE 2+2 Series I by Pininfarina Chassis#: 2947 Sold for USD$518,086 2019 RM Sothebys : London | |
1961 Ferrari 250 GTE Series I Chassis#: 2475 GT Sold for USD$313,000 2019 Gooding & Company : Scottsdale Arizona | |
1961 Ferrari 250 GTE Chassis#: 3135GT Sold for USD$347,450 2018 Coys : Grandes Marques, Maastricht | |
1961 Ferrari 250 GTE 2+2 Series I by Pininfarina Chassis#: 2889 Sold for USD$500,896 2017 RM Sothebys : Villa Erba | |
1961 Ferrari 250 GTE 2+2 Chassis#: 3081 GT Sold for USD$173,768 2016 RM Sothebys : Duemila Ruote | |
1961 Ferrari 250 GTE Series I Chassis#: 2369 GT Sold for USD$405,000 2016 Gooding & Company : Pebble Beach | |
1961 Ferrari 250 GTE Series 1 Chassis#: 2927 GT Sold for USD$418,000 2015 Gooding & Company : Pebble Beach Concours | |
1961 Ferrari 250 GTE Series I Chassis#: 2651 GT Sold for USD$797,500 2015 Gooding & Company : Pebble Beach Concours | |
1961 Ferrari 250 GTE Series I Chassis#: 2919 GT Sold for USD$423,500 2015 Gooding & Company - Arizona | |
1961 Ferrari 250 GTE 2+2 Series I by Pininfarina Chassis#: 2877 GT Sold for USD$492,688 2014 RM Auctions - London | |
1961 Ferrari 250 GT N.A.R.T. Spider by Fantuzzi Chassis#: 2235 GT Sold for USD$1,017,500 2014 RM Auctions at Monterey | |
1961 Ferrari 250GTE 2+2 Coupé Chassis#: 3139 Sold for USD$125,310 2012 Bonhams - Collectors' Motor cars and Automobilia at Goodwood | |
1961 Ferrari 250GTE 2+2 Series 1 Coupe Chassis#: 2647 Sold for USD$160,213 2012 Bonhams - Collectors' Motor Cars and Automobilia | |
1961 Ferrari 250 GTE 2+2 Coupé Chassis#: 2337GT Sold for USD$140,921 2012 Bonhams - Paris, La Halle Freyssinet Motocars | |
1961 Ferrari 250GTE 2+2 Series I/II Coupé Chassis#: 2713 Sold for USD$106,574 2010 Bonhams - Les Grandes Marques a Monaco | |
1961 Ferrari 250 GTE 2+2 Coupe Chassis#: 3227 GT Sold for USD$155,928 2009 Ferrari – Leggenda e Passione |
Ferrari 250 GTEs That Failed To Sell At Auction
1961 Ferrari 250 GTE's that have appeared at auction but did not sell.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|---|---|---|---|---|
1961 FERRARI 250 GTE Coachwork by Pininfarina | 2831 | 2024 Gooding : Amelia Island Concours | $350,000 | $450,000 | |
1961 FERRARI 250 GTE 2+2 COUPÉ | 2255 GT | 2020 Bonhams : The Zoute Sale | $360,000 | $420,000 | |
1961 Ferrari 250 GTE 2+2 Series I by Pininfarina | 2961 | 2020 RM : The European Sale featuring the Petitjean Collection | $280,000 | $320,000 | |
1961 Ferrari 250 GTE Série 1 | 2339 | 2020 Artcurial : Retromobile | $280,000 | $380,000 | |
1961 Ferrari 250 GTE 2+2 Series I by Pininfarina | 2619 | 2020 RM Sothebys : Paris | $330,000 | $380,000 | |
1961 Ferrari 250 GTE Series | 2919 GT | 2018 Motostalgia : Amelia Island | $440,000 | $500,000 | $625,000 |
1961 Ferrari 250GTE 2+2 Coupé | 2815 GT | 2015 Bonhams : Les Grandes Marques du Monde au Grand Palais |
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1966 FERRARI 330 GT 2+2 COUPE Chassis#:8387 Sold for $379,000 2024 Gooding : Amelia Island Concours | |
1966 Lamborghini 400 GT 2+2 par Touring Chassis#:0646 Sold for $379,258 2024 Artcurial : Retromobile | |
1929 Auburn 8-90 Eight Speedster Chassis#:2972337 Sold for $379,000 2024 RM Sothebys : Arizona | |
2018 PORSCHE 911 GT2 RS Chassis#:WP0AE2A91JS185485 Sold for $381,700 2024 Barrett-Jackson : Scottsdale AZ | |
2001 Ferrari 550 Barchetta Pininfarina Chassis#:ZFFZR52C000124066 Sold for $382,159 2023 RM Sothebys : London | |
1989 Aston Martin V8 Vantage Volante 'Prince of Wales' Chassis#:SCFCV81C1KTL15768 Sold for $376,811 2023 Bonhams : The Zoute Sale | |
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1992 Nissan Skyline R32 GT-R Group A 'BP Trampio' Racecar Chassis#:BNR32*002808R Sold for $379,000 2023 Bonhams : Amelia Island Auction | |
1961 Aston Martin DB4 'Series 3' Sports Saloon Chassis#:DB4/677/L Sold for $376,637 2023 Bonhams : Les Grandes Marques du Monde à Paris | |
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1994 Lamborghini Diablo VT Chassis#:ZA9DU07P1RLA12980 Sold for $379,000 2023 RM Sothebys : Arizona | |
1963 CHEVROLET CORVETTE CUSTOM SPLIT-WINDOW COUPE Chassis#:30837S108898 Sold for $381,700 2023 Barrett-Jackson : Scottsdale, Az. | |
1990 Mercedes-Benz 190 E 2.5-16 Evolution II Chassis#:WDB2010361F737492 Sold for $379,991 2022 RM Sothebys : Munich | |
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1994 Lola-Ford Cosworth T94/20 Chassis#:HU 20 Sold for $379,000 2022 RM Sothebys : The House That Newman/Haas Racing Built | |
1967 CHEVROLET CORVETTE CUSTOM CONVERTIBLE Chassis#:194677S104532 Sold for $379,500 2022 Barrett-Jackson : Houston | |
2009 Mercedes-Benz SL 65 AMG Black Series Chassis#:WDBSK79FX9F157692 Sold for $379,000 2022 Broad Arrow Auctions : The Passion for the Drive | |
2018 Porsche 911 GT2 RS 'Weissach' Chassis#:WP0ZZZ99ZJS181074 Sold for $379,906 2022 RM Sothebys : St. Moritz |
1961 Ferrari 250 GTE
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