People not familiar with the purpose and intention of Classic Car Auctions and Collector’s Classic Galas think creation of high-end classic car events are for the rich and famous alone. A key feature drawing philanthropists to these sensational events is that large cash awards earned from auctioning high-priced classic cars, support important charitable organizations.
During 2014-2015, Classic Car Auctions sponsored by organizations like Barrett-Jackson Collector Car Auctions, financed the Henry Ford Health System and Karmanos Cancer Institute. Since 1990, they’ve sponsored the Darrell Gwynn Foundation, providing free wheelchairs to children and adults with spinal cord injuries and diseases that cause paralysis.
18. 1955 Ferrari 500 Mondial – Scaglietti
Shown at the 2010 Antique Classic Car Show, Rockville, MD on October 16, 2010, the “Little Blue Car”, was named by the owner, retired Navy rear Admiral, Robert Phillips. The Ferrari Mondial Spider Series II won the First Venezuelan Grand Prix, still proudly sporting its number 8, the royal blue exterior and bright red interior looks the part of a racy grand prize winner from out of the past.
Impressive and rare, these models are worth over $1,600,000. Engineer Aurelio Lampredi’s designs gave Ferrari the two consecutive “Drivers World Championship Award” titles in 1952 and 1953. The Ferrari Mondial, was then driven by racer Alberto Ascari, and from that point on, and the titles this Mondial 500 achieved, marked the springboard that lead to new designs for bigger-engine four-cylinder cars.
Number 8 won “Best in Class” and the Enzo Ferrari Award at the 2008 Pebble Beach “Concours d’Elegance. In 2010 the Mondial 500 also took the “Best in Show” award.
During a 60 year anniversary celebration and auction in Maranella, Italy, for automaker Enzo Ferrari, a little four-liter Testa Rossa Spyder got recognition for its racing history by raising the second highest price tag ever in public auction, ($10.1 million).
Other race cars competing with their newly designed rear-engine expected to out-perform the front engine 330 TRI/LM Testa Rossa model. Over five laps ahead on the field, this little Ferrari passed that checkered flag, out-handling and over-powering all the newer models, and came in first place. (Bloomberg Magazine, May, 2007).
It was “Love at first sight” for Navy Lieutenant Phillips back in the sixties, and this model cost him two-thirds of his Lieutenant’s pay, back then. It seems it’s been a wise investment, considering his potential return.
According to Gooding & Company Auction House, a 1957 Ferrari 250 Testa Rossa was bid up for $16,390,000 in 2011, a new high sale!