UK collector pays $800k for license plate ’25 O’

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The record-breaking license plate 25 OYou can't get a vanity license plate in the UK, but Brits have proven their willingness time and time again to part with huge amounts of cash in order to get a particularly desirable number to put on the front and back of their high-priced machinery. This time, a Ferrari collector paid over $800,000 for the license plate "25 O."

The princely sum of £518,000 - equivalent to over $814k at today's rates - was paid by John Collins, owner of classic car broker Talacrest. Collins reportedly intends to put it on his Ferrari 250 GT SWB. What's more is that he had just paid another £130,320 ($205k) for the license plate "250 L" that he plans to put on his 1964 Ferrari 250 GT Lusso, the long-wheelbase touring version of the same vehicle. The winning bids were placed at an auction held by the UK's Driver and Vehicle Licensing Agency - the 150th such auction held by the government office, marking its 25th anniversary.

The "25 O" plate broke the event's previous record of £357,000 ($560k), paid in March 2009 for plate number "1 D." In 2008 noted tuner Afzal Kahn bought the license plate "F1" for £440,000, which is less than what Collins paid for "25 O" but different exchange rates worked that out to $870k at the time. Kahn was said to have turned down a $9 million offer for that plate last year.

Continue reading UK collector pays $800k for license plate '25 O'

UK collector pays $800k for license plate '25 O' originally appeared on Autoblog on Mon, 01 Dec 2014 18:01:00 EST. Please see our terms for use of feeds.

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1962 Ferrari 250 GT SWB California Spyder added to RM’s Monterey auction

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1962 Ferrari 250 GT SWB California Spyder - red - three-quarter studio view

The Ferrari 250 GT California Spyder may have been introduced to the mainstream by the classic 1986 John Hughes' film Ferris Bueller's Day Off (of course, that car was a replica), but the iconic convertible has long been one of the most desirable collector cars for those in the know. With a little over 100 built, California Spyders rarely come up for sale, and when they do, they bring big money. Back in 2008, a 1961 model set a record for a car sold at auction with a $10.9 million price tag.

Those wanting to add a 250 GT California Spyder to their collection (and have the means) will have a chance later this month in Monterey, with a 1962 SWB (Short Wheel Base) model crossing the block at RM Auctions' event. One of just 37 SWB cars with the more desirable enclosed headlight design, the car is finished in Rosso Corsa paint and has a tan leather interior. Under the hood is Ferrari's legendary 3.0-liter V12, the same powerplant in the 250 GTO. RM estimates the value of the car to be in the $7.5-9 million range.

Scroll down to read the official announcement from RM, and check back in a few weeks for our complete Monterey coverage including results from the auction.

Continue reading 1962 Ferrari 250 GT SWB California Spyder added to RM's Monterey auction

1962 Ferrari 250 GT SWB California Spyder added to RM's Monterey auction originally appeared on Autoblog on Mon, 06 Aug 2012 19:28:00 EST. Please see our terms for use of feeds.

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