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Rare Ferrari expected to fetch 4million when it goes under the hammer: Classic car one of only 74 ever madeFerrari 250 GT SWB Berlinetta Competizione to be auctioned in ArizonaCar is 17th model in range of 74 from highly sought-after 1960 rangeVehicle has had four owners and can reach speeds in excess of 150 mph
21:08 GMT, 26 December 2012
A classic Ferrari could become one of the world's most expensive ever cars when it goes on sale next month.
The Ferrari 250 GT SWB Berlinetta Competizione could fetch up to 4 million after a boom in the classic Ferrari market over the last 18 months.
The car is one of only 74 models in the 1960 range produced by the Italian car maker.
Rarity: The 1960 Ferrari 250 GT SWB Berlinetta 'Competizione' could fetch up to 4 million when it goes on sale next month
Racer: The 1960 car is one of only 74 models built in the series produced by the Italian car maker
Interior: The car will be the prize lot when it goes under the hammer at RM Auctions in Arizona on January 18
It is regarded as one of the most sought after classic sports cars and will be the star lot when it goes under the hammer at a sale by RM Auctions in America on January 18.
The auction house is not publicly revealing the car's estimated value, only describing it as 'one of the finest of its class'.
But a similar model sold for more than 3.1 million in 2011, with the price expected to have risen significantly due to increased market interest in classic Ferrari models.
The alloy-bodied 250 GT SWB, known as chassis 1905 GT, is fitted with a three litre V12 engine developing 280bhp, impressive capability for a car built in 1960.
The car, designed by renowned Italian designers Pininfarina, can achieve a 0-60 mph time of less than six seconds and a top speed in excess of 150mph.
The 250 GT was the 17th model in the series to roll off the production line in 1960 and has had four owners in the last 52 years.
Stylish: The auction house is not publicly revealing its estimate, only describing it as one of the finest of its class
Prized: A similar model sold for more than 3.1 million in 2011
Ahead of the game: It can achieve 0-60 mph in less than six seconds and a top speed in excess of 150mph
Shelby Myers, from RM Auctions, said that such cars 'rarely' go for sale on the public market.
He said: 'There is nothing that trumps the magnificent style, drivability, and sound of the 250 SWB Berlinetta.
'Ultra-exclusive, it is certainly one of the most desirable Ferraris ever produced.
'Its irresistible combination of superb design and thrilling performance make it the car of choice for gentleman drivers and racers.
'Outstanding in every respect, 1905 GT is, without question, one of the finest of its class.
'A true dual-purpose automobile, on the road it performs flawlessly while its magnificent styling has been widely admired at the world's top events and makes it a fantastic candidate for further exhibitions.
'Rarely do such important cars come to public market.'
Valued: The 250 GT is the 17th model in the series to roll off the production line in 1960 and has had four owners in the last 52 years
Interest: Classic cars produced by Ferrari have gained increased value in the last 18 months