Steve McQueen magic boosts Ferrari auction

The 1967 Ferrari GTB/4 bought new by actor Steve McQueen reaches its sale price | Bob Golfen
The 1967 Ferrari GTB/4 bought new by actor Steve McQueen reaches its sale price | Bob Golfen

The Steve McQueen magic was working again Saturday night when a 1967 Ferrari 275 GTB/4 originally owned by the King of Cool hammered sold for a solid $9,250,000 at RM Auctions Monterey sale.

That was just above RM’s pre-auction low estimate for the Ferrari coupe, plus the 10 percent auction fee on top of that. The standing-room-only crowd cheered as the McQueen Ferrari rolled on stage after a short video, which noted that the V12-powered car was delivered to the late actor and auto enthusiast during the filming of the movie Bullitt, further adding to its celebrity allure.

Another ’67 Ferrari 275 GTB/4 coupe without the McQueen factor but with very low mileage sold a few cars later for $3,450,000, plus auction fees.

The McQueen car wasn’t the big sale of the evening, though. That honor came a bit later with yet another Ferrari 275 GTB, this one an exceedingly rare 1964 GTB/C Speciale Competition model that is one of only three such prototypes built. That car reached $24 million on the RM block, plus auction fee.

The RM auction was one of five happening Saturday, with sales being held by Mecum, Gooding & Company, Russo & Steele and Rick Cole, who was having all bidding take place by smart phone.

The highest sale so far during Monterey Classic Car Week, and unlikely to be beaten, was that of one of the most valuable cars in the world, a 1962 Ferrari 250 GTO, that sold for a total of $38.1 million, including fees, at the Bonhams auction Thursday.

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