Amid The Drop In Classic Ferrari Prices, Angelina Jolie Is Ready To Auction An Iconic 250 GT Ferrari Collection

JAKARTA The classic Ferrari owned by well-known actress Angelina Jolie will soon be auctioned at the prestigious "Exceptional Sale" event by Christie's auction hall on November 20 in Paris, France. The auction value of this car is estimated to range from 600,000 to 800,000 euros (equivalent to Rp10.3 billion to Rp3.7 billion according to the current exchange rate).

The legendary Ferrari 250 GT car owned by Brad Pitt's ex-wife was issued in 1958 and designed by Pininfarina SpA, a leading automotive designer, and produced only 353 units.

Launching Bloomberg, October 7, this black car with a radius wheel is the 11th unit out of 353 produced between 1955 and 1960. However, there are still many details regarding this car that are unclear, including its origins, mechanical conditions, and how many of its original components still survive.

Looking at its history, the Ferrari 250 GT coupe is the successor to the advanced Ferrari Bono and Ellena coupe models, which were first introduced at the 1958 Paris Motor Show. Powered by a 12-cylinder machine with 240 advanced Weber stances and carbourators in its time, this car became a symbol of the greatness of technology at that time. Its presence is also proof of the ability of Pininfarina's design house, which has just opened a factory in Grugliasco, Italy, and is preparing to produce cars in larger volume.

The sale of this classic Ferrari comes amid a decline in the collection car market, where the average value of similar cars has decreased in the past year. However, the appeal of having a piece of automotive history, coupled with this car relationship with Hollywood stars, could drive higher offers.

According to data from Hagerty Inc, the average price of the 1958 Ferrari 250 GT model has indeed decreased in the past year, from only 525,000 US dollars (equivalent to Rp8.2 billion) for good conditions in October 2023 to 410.000 US dollars (equivalent to Rp6.4 billion) today, this price decline reflects the weakening trend of the collection car market in general, where the results of car auctions from last August's sales in Monterey also fell 8 percent compared to 2023.

The offer comes after news of Christie's acquisition of the well-known automotive auction hall Gooding & Co., a move aimed at diversifying Christie's choice amid weakening the art market.

It is known that Christie's had left the car auction segment in 2007, but still sold the vehicle as part of a special collection. At the 2022 charity auction, they managed to sell Aston Martin DB5 which was used in the James Bond No Time to Die film at a price of more than 3 million US dollars (Rp47 billion).