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Reality Check | Supply | Enduring Appeal | Technical Excellence | Current Market Position | Restoration? | Outlook

Current Classic Car Market Reality Check

Some recent auction results tell a sobering story: the Halcyon days of 2021, perpetually rising values for classic Ferraris of any and all stripe are showing some signs of pause. Year-over-year comps for 1960’s Ferrari at this year’s Monterey auctions were down. Are the major stakeholders of that car and it’s significance ‘Baby Boomer collectors’ starting to lose their breath?

Long the backbone of the classic Ferrari market, boomers are beginning to right-size their collections, and with that we’re seeing an increased inventory of premium models like the 1963 250 GTE – now entering the market. This supply shift, coupled with younger collectors’ different priorities/wants/dreams, means today has a more nuanced and flattish investment landscape.

Increased Supply Means More Options For Collectors

The dispersal of large collections is contributing to a rise in overall 250’s supply, which can impact pricing. More cars enter the market, competition among sellers intensifies…

Check-out if we have an 250’s for sale: Current Ferrari Inventory

And Yet, The 250 GTE’s Enduring Appeal

Let’s not kid ourselves, despite market headwinds the 250 GTE is iconic and it’s fundamentals remain compelling. Powered by the legendary Colombo V12 engine this four-seat grand tourer is a sexy ride and represented Ferrari’s first true production 2+2. Of the roughly 954 units produced between 1959 and 1963, the 1963 models—particularly late Series III variants—are considered the most refined, featuring improved suspension geometry and enhanced interior comfort.

The Technical Excellence of Ferrari

The engineering sophistication and elegance of the 250 GTE helps explain its significance:
– 3.0-liter V12 engine w/ triple Weber carburetors
– 4-speed manual transmission with overdrive
– Independent front suspension with live rear axle
– Disc brakes
– Top speed of over 140 mph! How’s that for a 2+2?

Current Market Position – GTE Prices Down?

Where as pristine examples had commanded $500,000+ at auction in recent years, recent sales have settled substantially. This correction reflects a broader market rationalization that car prices got too high (rather than diminishing the GTE’s inherent value). The trend suggests a return to prices that better reflect the car’s practical usability and historical significance. Could we see 2010’s prices again?

Restoration Considerations 250 GTE, Is It Worth It?

In today’s price-sensitive and labor-intensive market, buyers must weigh restoration costs. A complete restoration can easily exceed $150,000+ making cars with documented maintenance history and preserved originality increasingly attractive. The availability of parts remains reasonable, although specialized expertise (for ex. the Colombo V12 engine) continues to command a premium.

Learn More About the 250GTE Production Line:

1960 Ferrari 250 GTE
1961 Ferrari 250 GTE
1962 Ferrari 250 GTE
1963 Ferrari 250 GTE

Learn more about the Ferrari 250:

Investment Outlook 1963 Ferrari 250 GTE

While the 1963 Ferrari 250 GT/E may not deliver immediate spectacular returns like what we saw in the past 5-year period, it does represent a potentially stable value (or opportunity) in the current market. Key factors supporting long-term value include:
– Production numbers are small
– Ferrari’s first production 2+2
– Mechanically-similar to other 250 series cars
– Increasing appreciation for grand tourers among younger collectors

Selling? Make an Informed Decision

For sellers considering a 250 GTE sale, today’s softening market presents some challenges. Negotiating leverage has dropped, and careful attention to provenance, restoration quality, and mechanical condition remains crucial. The most desirable examples will always be those with comprehensive documentation, matching numbers, Ferrari Classiche certification… Others, no so much.

Contact Our Specialists!

Whether you’re considering adding or subtracting a 250 GTE from your collection, our team can provide everything from market analysis to valuation and purchase. We’re Beverly Hills Car Club, the largest classic car dealership in the United States! Unparalleled expertise in these rare vehicles, Check! Fast and hassle-free solutions for Ferrari owners nationwide, Check! Let’s Talk Today!