Milan - Ferrari will host on Sunday
an auction of 45 vintage cars made by the luxury sports car
maker of Formula One fame, including a 250 GT California Spyder
once owned by US actor James Coburn.
The auction, organised by auction houses RM Auctions and
Sotheby's, will also see a raft of Ferrari memorabilia put on
the block. They range from Kimi Raikkonen's 2007 race suit to a
Ferrari 365 TGB4 steering wheel to a spare parts catalogue for
the 330 GTC Coupe.
Also in the mix are two original posters from Steve
McQueen's 1971 film, "Le Mans", in which Ferraris played a
A lot of these collectibles cherished by Ferrari fans will
be sold by Jacques Swaters, a former race car driver, according
to Peter Wallman, a spokesman for RM Auctions.
The estimated value of the cars being auctioned ranges from
100 000 euros to 5 million euros, with the model
fetching the highest price a 250 LM from 1964, Wallman said.
Revenues generated from the auction are expected to total
more than 30 million euros, he added.
Hundreds of wealthy collectors and Ferrari fans are expected
to participate, either in person or by phone from around the
The auction, the third of its kind, will be held in
Ferrari's home town of Maranello near the Italian north-central
city of Bologna.
Ferrari is a subsidiary of Italian carmaker Fiat.