Rare Ferrari Collection Could Top $20m

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A quartet of breathtaking classic Ferraris from the Sherman M. Wolf Collection will be auctioned off by Gooding at Pebble Beach in August.

There may only be four cars, but when this collection crosses the auction block next month at Pebble Beach, Gooding & Co. estimate a combined total of over $20 million will be paid to secure these prized automobiles. The Sherman M. Wolf Collection consists of a 1960 Ferrari 250 GT LWB California Spider Competizione, a 1953 Ferrari 340 MM Spider, a 1957 Ferrari 500 TRC and a 1985 Ferrari 288 GTO - four cars treasured by the prominent Ferrari collector who died earlier this year.

"Sherman Wolf was one of the most earnest and generous Ferrari enthusiasts I've ever known and he is dearly missed by many friends in the collecting community," says David Gooding, president and founder of Gooding & Company. "We are honored to offer his stunning collection for the next generation to continue his legacy of passion and admiration for these extraordinary Ferraris." The star of the collection is the alloy-bodied 1960 California Spider, regarded as one of the greatest sports cars of all time. With desirable covered headlights and early disc brakes, the impeccable convertible is valued at $7-$9 million.

The 340MM on offer, meanwhile, is the last of ten, and last of five Spiders bodied by Vignale. Sterling Edwards, chairman of the Pebble Beach Road Races Committee, originally bought the car new while on honeymoon in Italy. He returned to the US and raced it through 1953 and 1954, the car eventually being sold to Sherman Wolf in 1984. With its unrestored, matching-numbers engine, it's estimated at $4.5-$6 million. The TRC is one of the most stunning Ferrari sports racing cars ever made. This 1957 example with Scaglietti coachwork is one of nineteen built and was raced across the US in the 50s. Gooding projects it will fetch $3.75-$4.5 million.

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Finally the brutish 288 GTO stands as Ferrari's first limited-production supercar with only 272 examples built. This particular model was federalized to US regulations and has just 6,000 miles on the clock from new as well as air conditioning and power windows. It carries an estimate of $750-$900,000. Photos by Brian Henniker, courtesy of Gooding & Company.

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