"When Regalia, 52, pushes the Ferrari out of a storage facility into the Monterey sunlight, the metallic paint ignites with a pale opalescent fire, shimmering in shades of honey and oxblood. Imagine a Ferrari-shaped pool filled with ancient brandy. The Lusso, designed by the famed Italian coachworks Pininfarina, is regarded as one of the loveliest of Ferrari's touring cars, but no Lusso ever left the factory with half the hand-rubbed luster this car has."
"The euro is huge against the dollar, and the thickets are filled with hedge-fund millionaires looking to diversify their investments while Wall Street wobbles. As the world's car-collecting elite gather on the peninsula before Sunday's Pebble Beach Concours d'Elegance, the Lusso is being eyed as a bellwether of the vintage car market, which in some quarters is experiencing a kind of crazed exuberance not seen since the boom-bust days of the early 1990s."
A 1963 Ferrari 250 GT Berlinetta Lusso, originally owned by Steve McQueen, is featured in Christie's Monterey auction. The car, finished in brown (Marrone) and gifted to McQueen by his first wife Neile Adams, has been meticulously restored by Mike Regalia with 2,000 man-hours spent on the paint alone. The metallic finish displays opalescent qualities with honey and oxblood hues. Designed by Pininfarina, the Lusso represents one of Ferrari's finest touring cars. Expected to sell for $1-2 million, the vehicle serves as a market indicator during a period of significant collector interest, driven by favorable currency exchange rates and hedge-fund investment diversification amid Wall Street volatility.
#ferrari-250-gt-berlinetta-lusso #steve-mcqueen #vintage-car-auction #collector-car-market #christies-monterey
Read at Los Angeles Times
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