A tatty 50 year old Ferrari that has been going rusty in a garage for the last 30 years and was last MOT’d in1975 is expected to reach around £60k at a specialist auction in March.
The Ferrari 250 GTE registered in 1961 once belonging to the famous Hollywood director Agostino De Laurentiis, also needs £100,000 worth of work to be restored to its original condition.
Despite the vehicle’s condition, Bonhams auctioneers believe this rare collectors car will generate alot of interest when auctioned.
‘This well-preserved “barn find” represents a wonderful opportunity to acquire an original and untouched early Ferrari 250GTE, ripe for sympathetic restoration by a fortunate new owner,’ claimed specialist Rob Hubbard.
The car’s current owner inherited it from her father but left it almost untouched in her garage for years.
‘It has been locked in a garage in Kent for many years. The current owner had planned to restore it since she inherited the car but has never got round to it,’ said a Bonhams spokesman.
‘It will cost the best part of £100,000 to restore it to its former glory. You are talking about £50,000 pounds just for a Ferrari 250GTE engine.
‘But it is a great opportunity for a Ferrari enthusiast to get their hands on.’
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