The Ferrari 250 GT/L Lusso, produced from 1962 to 1964, marks the final evolution of the renowned 250 GT series and the transition to the 275 GTB. A mere 351 examples were constructed, each a testament to the craftsmanship of Pininfarina and Scaglietti. Its elegance and performance have made it a highly sought-after collector's item, with the value at auction often exceeding $2 million, especially for those with celebrity provenance such as the famed Steve McQueen.
In Little Rock, Arkansas, luxury car enthusiasts have the unique opportunity to contribute to our community by donating their 250 GT/L Lusso. Each donor must ensure their vehicle maintains critical certifications, including the mandatory Ferrari Classiche Red Book. This certification not only guarantees matching-numbers status but also enhances the vehicle's provenance, making it essential for achieving concours-grade auction status.
📖Generation guide
Ferrari 250 GT/L Lusso • 1962-1964
The Lusso is characterized by its elegant Pininfarina design, Scaglietti coachwork, and the Tipo 168/E 3.0L Colombo V12 engine, producing 240hp. It represents the pinnacle of the 250 GT series.
Ferrari 250 GT • 1953-1964
The 250 GT lineage includes various models known for their racing pedigree and luxurious designs, culminating in the Lusso as the ultimate road-going variant before the 275 GTB.
Ferrari 250 GTO • 1962-1964
Lauded for its racing success, the GTO shares the same engine lineage as the Lusso but is an exclusive homologation model, making it one of the most valuable cars in the world.
Ferrari 275 GTB • 1964-1968
The 275 GTB succeeded the Lusso, featuring an updated design and a more powerful engine. It marked a shift in Ferrari’s road car philosophy towards more performance-oriented vehicles.
Known issues by generation
The Ferrari 250 GT/L Lusso is prone to specific issues characteristic of its engineering and design. The Tipo 168/E V12 engine often requires thorough inspections for synchro wear in the 4-speed manual gearbox, and a concours-level rebuild can range from $80,000 to $150,000. The Pininfarina-Scaglietti coachwork, comprised of steel and aluminum, demands careful restoration to retain its authenticity, with body-off restorations costing between $200,000 to $500,000. Maintaining original features such as Borrani wire wheels and period-correct Connolly leather interiors is crucial to preserving both value and historical accuracy.
Donation value by condition + generation
Concours-grade Ferrari 250 GT/L Lusso models are among the most valuable in the collector car market, often commanding $2-3 million at leading auction houses like RM Sotheby's and Gooding & Company. Mandatory documentation, including a Ferrari Classiche Red Book for matching-numbers certification, enhances value significantly. Moreover, maintaining original specifications, such as Borrani wire wheels and period-correct leather interiors, in addition to having verified restoration receipts from recognized marque specialists, further secures a vehicle's status and market appeal. Any factory color change is regarded as a severe red flag in value retention.
Donation process for this model
Donating a Ferrari 250 GT/L Lusso requires careful adherence to several guidelines. A qualified appraisal is mandatory, along with IRS Form 8283 Section B, which must be signed and dated by the appraiser. This form is essential for establishing the vehicle’s value for tax purposes. Documentation verifying matching-numbers status, including Ferrari Classiche certification, is crucial, as is maintaining original paint and period-correct trim. Furthermore, enclosed transport for the vehicle is required to ensure its safe delivery to our organization, preserving its condition.
Little Rock regional notes
Little Rock provides a unique environment for Ferrari 250 GT/L Lusso owners, with access to established marque specialists for restoration and maintenance. Facilities like GTO Engineering and Bachelli & Villa offer world-class services that cater to the intricacies of Ferrari restoration. As Arkansas embraces automotive legacy, the preservation and proper care of vehicles like the Lusso can be achieved through local expertise, ensuring that these remarkable cars continue to thrive in the collector community.
FAQ
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Other model-specific guides
Vehicle Donation Resources & Guides
In-depth tax, paperwork, and donation logistics guides published by our editorial team — bookmark these before you donate.