1961 Ferrari 250 GTE

2dr Coupe 2+2

12-cyl. 2953cc/280hp 3 Weber Carbs

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$482,000 CAD*

+0.6%
#4 Fair condition#4 Fair
Value Graph04/2407/2410/24$100k$200k$300k$400k$500kJan 2025
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1959-1963 Ferrari 250 GTE stats
Highest sale
$1,042,731 CAD
Lowest sale
$6,257 CAD
Most recent sale
$506,498 CAD
Sales
169

Photos

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1961 Ferrari 250 GTE Coupe
1962 Ferrari 250 GTE Coupe
1960 Ferrari 250 GTE 2+2 Coupe
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Model overview

Model description

Ferrari had been doing well through the 1950s with the 250 series of road and racing cars, and a natural next step was the introduction of a 2+2 in order to broaden Ferrari’s customer base and therefore further fund the all-important racing activities. Once again, the Paris show was used for the unveiling and in 1960 the 250GTE appeared. Based on the earlier 250GT coupe, this Pininfarina-designed steel-bodied four-seater had the same Colombo 3.0-liter V-12 and 102-inch wheelbase as the earlier car.

The styling, though, was questioned at the time by many for its unusual roof line and slab sides. This same complaint surfaced again 12 years later with the 308GT4, and then again with the Mondial 8 in 1980. Practicality and usability for four people takes up space, and compromise is the rule. Today the GTE displays an elegance that just wasn’t appreciated at the time.

Controversial styling notwithstanding, it was still unmistakably a Ferrari, and one that offered some practicality in the form of rear seats. That practicality did appeal to buyers, and the model set a sales record for the 250 series cars with 950 sold from 1960 to 1963. GTEs were typically sold in 235 hp tune and all had disc brakes.

The production run has been divided by historians into roughly three different series. Series 1 cars had fog lights in the grille, Series 2 cars had a different interior center console from the previous series, and Series 3 cars can be identified by their fog lights being positioned outside the grille. At the conclusion of the 250GTE production run, Ferrari built just under 50 330 America 2+2s, which had a 4.0-liter version of the GTE V-12 and can be mentioned here as they were identical to the GTE in most every other way.

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Common Questions

The value of a 1961 Ferrari 250 GTE can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $335,000 USD for a 1961 Ferrari 250 GTE in good condition with average spec.

The highest selling price of a 1961 Ferrari 250 GTE at auction over the last three years was $807,738 CAD. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1961 Ferrari 250 GTE at auction over the last three years was $423,783 CAD. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 7 1961 Ferrari 250 GTEs sold at public auction.

The most recent auction sale of a 1961 Ferrari 250 GTE was $506,498 CAD on February 04, 2025 by RM Sotheby's.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved.