A 1966 Ferrari 275 GTB Becomes the Most Valuable Car Ever Sold Online ☘ Hoey Team ☘ eXp Realty

Dated: August 16 2020

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A 1966 Ferrari 275 GTB Long Nose sold for $3.08 million at Gooding & Company, making it the most valuable car ever sold online.

Penta 2020 08 16 - Porche Long Nose Most Valuable Car ever sold online Hoey Team eXp Realty

Mike Maez/Gooding & Company

A well-preserved 1966 Ferrari 275 GTB Long Nose fetched $3.08 million at Gooding & Company’s inaugural online-only auction that closed Wednesday, making it the most valuable car ever sold online, the California-based auction house said.

The Ferrari, offered from the collection of an anonymous American collector, was one of fewer than 40 models that were factory-equipped with the improved torque tube driveshaft and high-performance six-carburetor intake, according to Gooding & Company. It features an extremely rare competition-style external fuel filler cap, a singular color scheme of Bianco (white), and beige, full-leather upholstery. 

The car was completed in September 1966 and remained in the collection of its first owner in Italy through 1969. The car then was sold to a dealer in the U.S. and changed hands a few times over the decades. It was sold in 1995 to a car collector in New Mexico, according to Gooding & Company.

The odometer showed just over 81,000 kilometers (about 50,000 miles), a figure that is believed to represent the car’s original mileage, the auction house said.

Penta 2020 08 16 - Porche Long Nose The Most Valuable Car ever sold online Hoey Team eXp Realty

The interior features beige, full-leather upholstery, and a center console fitted with a Blaupunkt radio and a lovely Jaeger chronograph.

The 77-lot sale, titled Geared Online, achieved a total of $14.5 million with a sell-through rate of 71%. 

Three other Ferraris claimed the second to fourth most expensive cars sold at this auction, including a 2003 Ferrari Enzo that sold for $2.354 million, a 1995 Ferrari F50 for $2.134 million, and a 1992 Ferrari F40 for $1.628 million.

“Our first ever online-only sale was a great success for both our clients and the company,” David Gooding, president and founder of Gooding & Company, said in a statement. “The demand for quality cars has not faded during such uncertain times.”

The most valuable car sold at auction was a 1962 Ferrari 250 GTO, fetching $48 million at an RM Sotheby’s auction in Monterey, Calif., in August 2018.

Here in Southwest Florida, we have many car collectors who often buy property based on storage needs.

Currently we have a number of homes that are very well set up for car collectors, please inquire, not all of them are listed yet.

Inventory in general is very low, but we continue to list and sell real estate.  At our Team ☘ and Brokerage, we have been succesfully working 100% virtually / remotely for the past number of years as we grew, so we have been used to this new requirement.

Article content from our NAR (National Association of Realtors) Newsletter and from other sources including Hoey Team ☘ eXp

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"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

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