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Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million
Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million

Scottish Sun

time2 days ago

  • Automotive
  • Scottish Sun

Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million

An anonymous phone bidder bought the piece of motoring history RED ALL OVER Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE oldest Ferrari car in existence has sold at auction for a record price of £6.3 million. The 1948 Ferrari 166 Spyder Corsa was Enzo Ferrari's first car, designed to compete in circuit racing and drive on the road. Sign up for Scottish Sun newsletter Sign up 4 The vintage motor sold for a record price Credit: BNPS 4 The car has been meticulously maintained Credit: BNPS Only nine of the motors were ever made making them some of the rarest Ferraris in existence. This one was bought by the Besana brothers, the Italian car company's first ever customers, who would have had the car built to order. The 166 Spyder Corsa competed in numerous races between 1949 and 1957 before being purchased by American collector Henry Austin Clark in 1965. The red car was bought for around £3,000 with an additional £400 for the official mantra of "World's Oldest Ferrari." The seats, paintwork and wire wheels were painstakingly restored, with Enzo Ferrari reportedly taking a personal interest in the car. Clark reportedly received an offer of around £20,000 for it in 1971, but his family ended up holding onto it until 2015, when they sold it to a renowned Ferrari collector. The 77 year old car still has its original chassis, body, V12 engine and gearbox making it the most original of the 166 Spyder Corsas. It was even sold with its original certification proving its authenticity as one of the earliest Ferraris ever sold. Boasting a top speed of 125mph the vintage motor does 0-60mph in around six seconds. It was sold to an anonymous phone bidder by Broad Arrow Auctions at an auction near Lake Como, Italy. It sold for a hammer price of £5.3 million, the total came to around £6.3 million after auction fees. The motor set the record for the most expensive 1948 Ferrari 166 Spyder ever sold. 4 The Ferrari still has its original V12 engine Credit: BNPS 4 It has the official title of "World's Oldest Ferrari." Credit: BNPS Barney Ruprecht, vice president of Broad Arrow Auctions, said: "It is an absolutely fabulous sale for an amazing early sports car. "The 166 Spyder Corsa is quite literally the earliest and most important Ferrari in existence today. "It has significant period racing history at some of the most renowned events in Italy and throughout Europe, so it feels only natural to sell the car at the most prestigious concours event on the continent. "It is an immediate world-class acquisition to own the first Ferrari. "Any enthusiast of the Ferrari brand, including both older, established collectors and the rising generation now in the market, will feel drawn to the DNA of such a legendary marque. "Nothing else on the market today, at any price, offers the cache of this car." The Ferrari is one of two models purchased by the Besana brothers, Ferrari's earliest customers. The Spyder Corsa boasts chassis number 004 C, finished sixth overall at the 1948 Targa Florio, raced at the 1948 and 1949 Mille Miglia and also has period Formula Two competition and hill climbs added to its race tally.

Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million
Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million

The Sun

time2 days ago

  • Automotive
  • The Sun

Oldest Ferrari car in existence built in the 1940s with open top sells at auction for record price of £6.3million

THE oldest Ferrari car in existence has sold at auction for a record price of £6.3 million. The 1948 Ferrari 166 Spyder Corsa was Enzo Ferrari's first car, designed to compete in circuit racing and drive on the road. 4 4 Only nine of the motors were ever made making them some of the rarest Ferraris in existence. This one was bought by the Besana brothers, the Italian car company's first ever customers, who would have had the car built to order. The 166 Spyder Corsa competed in numerous races between 1949 and 1957 before being purchased by American collector Henry Austin Clark in 1965. The red car was bought for around £3,000 with an additional £400 for the official mantra of " World's Oldest Ferrari." The seats, paintwork and wire wheels were painstakingly restored, with Enzo Ferrari reportedly taking a personal interest in the car. Clark reportedly received an offer of around £20,000 for it in 1971, but his family ended up holding onto it until 2015, when they sold it to a renowned Ferrari collector. The 77 year old car still has its original chassis, body, V12 engine and gearbox making it the most original of the 166 Spyder Corsas. It was even sold with its original certification proving its authenticity as one of the earliest Ferraris ever sold. Boasting a top speed of 125mph the vintage motor does 0-60mph in around six seconds. It was sold to an anonymous phone bidder by Broad Arrow Auctions at an auction near Lake Como, Italy. It sold for a hammer price of £5.3 million, the total came to around £6.3 million after auction fees. The motor set the record for the most expensive 1948 Ferrari 166 Spyder ever sold. 4 4 Barney Ruprecht, vice president of Broad Arrow Auctions, said: "It is an absolutely fabulous sale for an amazing early sports car. "The 166 Spyder Corsa is quite literally the earliest and most important Ferrari in existence today. "It has significant period racing history at some of the most renowned events in Italy and throughout Europe, so it feels only natural to sell the car at the most prestigious concours event on the continent. "It is an immediate world-class acquisition to own the first Ferrari. "Any enthusiast of the Ferrari brand, including both older, established collectors and the rising generation now in the market, will feel drawn to the DNA of such a legendary marque. "Nothing else on the market today, at any price, offers the cache of this car." The Ferrari is one of two models purchased by the Besana brothers, Ferrari's earliest customers. The Spyder Corsa boasts chassis number 004 C, finished sixth overall at the 1948 Targa Florio, raced at the 1948 and 1949 Mille Miglia and also has period Formula Two competition and hill climbs added to its race tally.

Historic Ferrari Sale Headlines Broad Arrow's Record-Setting Debut at Villa d'Este
Historic Ferrari Sale Headlines Broad Arrow's Record-Setting Debut at Villa d'Este

Yahoo

time5 days ago

  • Automotive
  • Yahoo

Historic Ferrari Sale Headlines Broad Arrow's Record-Setting Debut at Villa d'Este

⚡️ Read the full article on Motorious A 1948 Ferrari 166 Spyder Corsa shattered records at Broad Arrow Auctions' first European event, selling for €7,543,750 and setting a new high-water mark for the model. The landmark sale headlined Broad Arrow's debut at the Concorso d'Eleganza Villa d'Este, held on the shores of Lake Como in partnership with BMW AG. The auction house, a subsidiary of Hagerty (NYSE: HGTY), reported €31,172,625 in total sales over the May 24–25 weekend, with 78 percent of lots sold. The dual-day auction marked Broad Arrow's inaugural sale on European soil, held in the historic Rotunda at Villa Erba. 'We are thrilled with the success of our first European auction,' said Joe Twyman, Broad Arrow's VP of Sales for EMEA. 'To launch our presence with such a prestigious event and achieve several record-breaking results speaks volumes about our global client base and the quality of vehicles offered.' The Ferrari 166 Spyder Corsa, lauded as one of the most original early Ferraris in existence, was a standout. Commissioned in period by one of Enzo Ferrari's earliest customers, the car boasts a significant competition pedigree, including appearances in the Mille Miglia and Targa Florio. The auction room fell silent during a tense bidding war, with the final price confirming the car's place in the upper echelon of historic Ferrari values. Other notable sales included a 2003 Honda NSX-R, which set a world auction record at €934,375, and a 1989 Ferrari F40 Competizione, which commanded €2,312,500. A BMW M1 Procar-spec car, sold during a BMW-only auction session, fetched €602,500. With over 8,000 viewers following online, Broad Arrow's first Villa d'Este sale exceeded expectations, showcasing everything from postwar icons to modern collectibles. The auction house will next head to California for its Monterey Jet Center sale this August 13–14.

Jaguar E-Type Restomod Keeps 'Vintage Excellence' Alive
Jaguar E-Type Restomod Keeps 'Vintage Excellence' Alive

NDTV

time21-05-2025

  • Automotive
  • NDTV

Jaguar E-Type Restomod Keeps 'Vintage Excellence' Alive

Restomods often end up drawing criticism because of supererogatory changes to iconic models. Going against the pattern, the Jaguar E-Type restomod concept is being showered with praise. Even though it is based on a model, called "the most beautiful car ever made" by Enzo Ferrari, the tinkering has made the silhouette even better. Behind the commendable job is Ian Callum, the person who was at the helm of Jaguar's design department between 1999 and 2019, and has multiple models under his belt, like the Jaguar F-Type, Aston Martin DB9, and more. The Jaguar E-Type restomod, a creation of Callum Designs, is still a sketch. However, chances are the 3D render might soon step into the real world. Created as a part of Callum's "Portfolio Project," the design shares the space with the off-road SUV called the Grampian. This line of projects is likely to have more models in the near future. Also Read: Maruti Suzuki Escudo Coming This Diwali: All About New Creta, Seltos Rival Revered by many enthusiasts, Callum has left some parts of the E-Type untouched. It still retains its flowing lines, creating the iconic profile and proportions that spelled perfection for many. Taking a closer look reveals changes like the elimination of all chrome elements, numbers, and door handles have been replaced to sit flush. The shape of the headlight retains the shape, but is fitted with time-adapted LED light. Rear lights, however, are now slightly lower. Taking the front seat on the list of most striking changes are the wheels with a large aero-disc design. On the inside, the Jaguar E-Type restomod concept brings its A-game with retro charm. It consists of a wooden steering wheel with an analog dial. Camouflaged well in this cabin is a transparent digital display taking the place of the center of the dashboard, forming the bridge between the occupant and the modern tech functionality of the car. Going with the overall theme is a manual shifter placed in the center. The technical specs of the restomod have not been revealed yet. However, the presence of exhaust pipes at the rear end suggests that it is not an electric vehicle. Speculators suggest it will have a supercharged 5.0-litre V8 engine used by Jaguar for the F-type.

Ex-Jaguar Design Boss Reimagines the E-Type with This Stunning Concept
Ex-Jaguar Design Boss Reimagines the E-Type with This Stunning Concept

Car and Driver

time17-05-2025

  • Automotive
  • Car and Driver

Ex-Jaguar Design Boss Reimagines the E-Type with This Stunning Concept

Here's a futuristic take on the classic Jaguar E-type from a company run by Jaguar's former styling head, Ian Callum. It's just a demonstration design at present, but it could be made into a one-off. A less-is-more approach here proves that the XKE can still look fresh. Famously praised even by Enzo Ferrari, the Jaguar XKE is one of the prettiest cars ever built. As the Brits say, it would take a lot of cheek to mess with it, but when you're the former head of Jaguar design, allowances can be made. Thus, Callum Designs has dared to modernize the silhouette of the classic Jaguar E-type—and you have to admit they've pulled it off rather well. Callum Designs Ian Callum's portfolio includes the Aston Martin DB7 (and most of the early work on the DB9), the Jaguar XK, and the Jaguar F-type, so he knows his way around traditional grand tourer styling elements. This project is not necessarily confirmed for production. Instead, it's a chance for the design team to stretch their creativity. Should a client with a donor E-type show interest, it's certainly something that could move from the virtual realm to reality. The exterior is finished in a minimalist matte gray, with all the chrome trim eliminated. The headlights and taillights have been updated for a modern look (Lucas, Prince of Darkness, consider yourself exorcised), and the large wheels look futuristic while still reflecting the spirit of the original wire wheels and three-bladed knock-on hubs. It sits low, a crouching cat. Callum Designs The interior has the same ethos, with discreet digital gauges but analog dials for the instrument panel. There are physical toggle switches and—perhaps best of all—a large metal shift knob that indicates a five-speed manual transmission. Twin pipes out the back seem to further indicate that this design isn't meant to be a whisper-quiet EV but a proper growler. There are no hints as to whether it's meant to be powered by a straight-six or V-12, but presumably either could be made to fit. Callum Designs Sussex-based Eagle already does restored and restomodded Jaguar E-types. Then, of course, there's Jaguar Heritage itself. But these are more traditional offerings, not quite so daringly forward-looking as the Callum Designs take. As Jaguar repositions itself in a rapidly changing market, it too will have to pick and choose what to bring forward from the past into the future. Even as a one-off, this car proves that when the big cat company was at its best, the cars were truly timeless. Brendan McAleer Contributing Editor Brendan McAleer is a freelance writer and photographer based in North Vancouver, B.C., Canada. He grew up splitting his knuckles on British automobiles, came of age in the golden era of Japanese sport-compact performance, and began writing about cars and people in 2008. His particular interest is the intersection between humanity and machinery, whether it is the racing career of Walter Cronkite or Japanese animator Hayao Miyazaki's half-century obsession with the Citroën 2CV. He has taught both of his young daughters how to shift a manual transmission and is grateful for the excuse they provide to be perpetually buying Hot Wheels. Read full bio

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