The most talked-about Ferrari at Monterey Car Week this year is not a modern hypercar. It is a 1958 Ferrari 250 GT Cabriolet Series I by Pinin Farina, a delicately styled open-top grand tourer carrying a headline presale estimate of $4–5 million at RM Sotheby’s.
That number raises two questions for collectors: what sets this 250 GT Cabriolet apart, and is $5 million wild money or in line with today’s Ferrari market. Misjudge either and you misread everything from its provenance to how blue-chip auction houses price rare Maranello cars.
View Price on AmazonThe 1958 Ferrari 250 GT Cabriolet Series I is consigned to RM Sotheby’s Monterey 2026 sale, scheduled for August 13–15 at the Portola Hotel & Monterey Conference Center, and is billed as one of the headline Ferraris in the catalog.
RM Sotheby’s gives it a $4–5 million estimate and notes it as the 18th of 40 Series I cabriolets, originally shown at the New York auto show and kept in highly original condition with matching-numbers chassis, engine, gearbox, and rear axle, Ferrari Classiche certification, and a preservation-class award at the 2023 Pebble Beach Concours d’Elegance.
Only a short list of Monterey lots carry upper estimates beyond $5 million, so this 1958 cabriolet sits among the headline road-going Ferraris rather than as an outlier, especially when parked in the catalog next to modern Maranello flagships.
This 1958 250 GT Cabriolet stands out because early open-top Ferraris were built in tiny numbers, and Series I cars by Pinin Farina mix hand-finished bodywork, a three-liter Colombo V12, and show-car provenance that includes its New York debut and long-documented ownership.
Its long spell out of public view and largely unrestored, preservation-class condition make it a highly original survivor that a new owner can keep on the major concours circuit, rather than a barn-find rescue or a restomod project.
Source: motor1.com
