The Sotheby's auction house is about to hold an auction in Monaco for an extremely valuable vintage car. Link:

Lot 250: 1958 Ferrari 250 GT Cabriolet Series I by Pinin Farina

Sotheby's gave it an estimated value of €4,500,000 - €5,000,000 EUR. This market resolves YES if the final sale price listed on the Sotheby's website is >€5,000,000 EUR.

Resolution details:

• Example from a past auction: this "2016 Koenigsegg Agera RSR" car is listed with "$3,380,000 USD | Sold". This is the equivalent number I will use.

• Thus, note that the final listed sale price typically lists the additional buyer's premium.

• If the car is withdrawn before the auction, or it fails to sell, this market resolves NO. It only resolves YES with a listed sale price during this auction of >€5,000,000 EUR.

Car details

• The 23rd of 40 examples built

• Desirably configured one-off coachwork with covered headlamps, front bumperettes and unique side vents

• Ferrari Classiche “Red Book” certified; very rare full matching-numbers example that retains its original chassis, engine, gearbox, rear axle, and body

• Well documented provenance including period photos, registrations, and invoices dating to the mid-1960s

• Presented today in its stunning original colours of Bianco over Turchese leather interior

The Pinin Farina-bodied cabriolet that Ferrari introduced at the Geneva Salon in March 1957 was not only a triumph of design, with its elegant rear haunches, covered headlamps, and long centrally ventilated bonnet, but it also marked an auspicious milestone in Maranello history as the company’s first series-produced open-top model.

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