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John Lennon’s Ferrari May Fetch $220,000 in Paris

John Lennon Ferrari 330
A Ferrari that John Lennon bought hours after passing his driving test was estimated to fetch as much as 170,000 euros ($220,000) at an auction in Paris. The light blue 330 GT 2+2 Coupe was included in a Bonhams sale at the Grand Palais on Feb. 5, 2011. The car was withdrawn before the sale because the seller could not bear to part with it, said Bonhams. Source: Bonhams via Bloomberg

Jan. 10 (Bloomberg) -- A Ferrari that John Lennon bought hours after passing his driving test may fetch as much as 170,000 euros ($220,000) at an auction in Paris next month.

The light blue Ferrari 330 GT 2+2 Coupe, included in a Bonhams sale at the Grand Palais on Feb. 5, was in a jam of luxury cars that local dealerships sent to the Beatle’s Weybridge home in February 1965 on the day he earned his driver’s license.

Lennon strolled through his security gates, inspected the fleet of British and Italian sports cars, and eventually plumped for the Ferrari, priced at 2,000 pounds, the London-based auction house said today in an e-mailed statement, quoting Philip Norman’s biography, “John Lennon: The Life.”

Later that year, the Ferrari was joined in Lennon’s garage by a Rolls-Royce Phantom V Limousine. The Rolls, repainted in psychedelic livery, went on to sell in June 1985 at auction for $2.3 million, which was then a record for an item of pop memorabilia.

Lennon also owned a Mini car for “pottering about in,” author Janne Makela wrote in a book about the star. The Rolls-Royce was for “relaxing” and the Ferrari was “for zoom.”

Bonhams has placed a low estimate of 120,000 euros on the Ferrari, which Lennon owned for less than a year. The car was extensively restored in the 1990s.

(Scott Reyburn writes about the art market for Muse, the arts and culture section of Bloomberg News. Opinions expressed are his own.)

To contact the writer on the story: Scott Reyburn in London at sreyburn@hotmail.com.

To contact the editor responsible for this story: Mark Beech at mbeech@bloomberg.net.

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