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California car dealer buys cache of Ferraris

Fri, 05 Feb 2010

A collection of 21 Ferraris has changed hands, and it's headed for the United States.

Car collector Tom Price, owner of Price Family Dealerships in Marin County, Calif., bought 21 classic Ferraris. The collection hit the market last year as Dutch vehicle-distributor Kroymans entered into bankruptcy.

Broker Thomas Hamann, owner of Hamann Classic Cars in Riverside, Conn., said he had been working to sell the collection of Ferraris since last May. The deal closed on Feb. 2, he said.

Hamann said this was one of the largest lots of Ferraris to be sold in recent years. A larger sale happened in 1992, Hamann said, when Swiss businessman Albert Obrist sold his collection of factory racing Ferraris to Formula One chief Bernie Ecclestone.

Hamann would not comment on the sale price of the Ferrari collection to Price. Speculation in collector-car circles puts the sale price at about $30 million. Hamann said Price intends to sell some of the Ferraris in the lot he bought.

The list of Ferraris bought by Price includes:

-- 250 Europa GT

-- 375 America

-- 250 Boano

-- 250 GT Berlinetta SWB

-- 250 Testa Rossa

-- 250 GTO

-- 275 GTB/4 driven by three-time Le Mans winner Luigi Chinetti

-- 330 GTC

-- 365 GTS

-- 365 GTB/4 Daytona Coupe

-- 365 GTB/4 Daytona Spyder

-- 246 GTS Dino Spyder

-- 365 GT4/BB

-- 512 BB

-- 550 Barchetta

By Jake Lingeman and Dale Jewett