My Car Quest

September 16, 2021

Car Of The Day – Classic Car For Sale – 1963 Ferrari 250 GTE Series III

by Mike –

Here is my pick for the classic car for sale today that I would like to own. The 250 GTE was Ferrari’s first production four-passenger car. It was produced from 1960 to 1963 with nearly one thousand made. This model was followed by the 330 GT America, which looked very similar, only fifty were produced in 1963. Then came the 330 GT 2+2, made from 1963 to 1968.

The 2+2 Ferraris of this era were a financial success for Ferrari. Even though they are not as well thought of by collectors as the two-seat-only models they have appreciated significantly over the past few years.

1963 Ferrari 250 GTE 2+2 Series III

Ferrari 250 GTE

Ferrari 250 GTE

The seller says,

* $18,000 of work completed recently

* The ownership and recent service are well documented

* A joy to drive and ready to go

Ferrari 250 GTE

* Nicely detailed cosmetics

* The gearbox shifts smoothly, up and down, even when cold

* The overdrive works well and shifts into and out of overdrive instantly

Ferrari 250 GTE engine

* No smoke, minimal oil leak issues, great oil pressure

Ferrari 250 GTE

This Ferrari is for sale by Michael Sheehan for $279,950.

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The beautiful 250 GTE was styled by Pininfarina and it has the classic Pininfarina lines, as you can see from the photos. For a collector who wants a V12 Ferrari from the 1960s, these cars can represent a “bargain”. They have been increasing in value rapidly over the past few years following the more expensive two-seat Enzo era Ferraris up the price curve. They have nearly doubled in value in the last 4-5 years.

I am surprised at how high these 2+2 Ferraris are priced now. Even though the 2+2 models are priced much less than other Ferrari 250 GT two-seat models the cost of maintenance and restoration is the same.

Let us know what you think about this classic Ferrari in the Comments.

Ferrari 250 GTE

Ferrari 250 GTO

Comments

  1. Grifo4me says

    Good candidate for a GTO recreation

  2. I often wonder why the delightful design simplicity of the GTE doesn’t appeal ‘as it stands’?
    I guess i should grab one of these before they are all gone, cut up into something that they aren’t.

  3. georgeg20 says

    The allure of the Ferrari and the million $+ price tags are a significant factor. Another factor is that $100,000 MSRP is becoming more of a norm rather than exception. What would you rather get, a bloated fully loaded BMW Alpina B7 whose resale goes down faster than Bill Clinton’s shorts in the Oval Office or spend money on classic cars like these that will not only appreciate in price but let you have the time of your life doing so.

  4. I detailed a ’62 250 GTE for a customer, really nice car inside and out. Engine sounds great, hard to beat the sound of a Ferrari V12. The lines of the GTE are terrific, no idea why it doesn’t get more love.

  5. Jack w. Cantile says

    My first Ferrari was the 250GTE vin 4069 go on the web and plug in that info and you will see photos and the story of how my car came back to life. I payed $3,500 for the car in Richmond Va.
    Jack

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