1958 Ferrari 250 GT LWB California Spider hammers for $8.8m

A 1958 Ferrari 250 GT LWB California Spider achieved $8.8m at RM Auctions' January 17 Scottsdale auction - towards the top end of its $7m-9m estimate.

The car was produced specifically for the American market, with buyers eager for a convertible version of the iconic 250 GT Berlinetta.

Ferrari GT California Spider
The 250 GT LWB California Spider was specifically designed for export to North America

It features coachwork by noted Italian designer Scaglietti.

In 1962, it came first in class and second overall at the SCCA Osceola Grand Prix in Geneva, Florida - the only event it has been documented as appearing in.

Shelby Myers, managing director of RM Auctions, commented prior to the sale: "The Cal Spider is amongst the most highly prized of all road-going Ferraris.

"Produced in exceedingly low quantities, the long wheelbase covered headlight model, such as the one we have the pleasure of offering in Arizona, is arguably the most beautifully proportioned of all Ferrari Spiders."

A 1967 Ferrari 275 GTB/4 was another major lot, achieving $2.8m.

The car represents the development of the 250 series and features a number of improvements to the V12 engine - including the addition of a dual-overhead cam.

One of only 330 ever produced, the 275 has passed through the hands of a number of illustrious owners - including the actor and car lover Nicolas Cage.

A number of Ferraris have achieved major sums at Scottsdale this year - including a 1958 250 GT Series 1 Cabriolet, a 1951 212 Export and a 1975 275 GTB/6C.

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