Ferrari 296 GTS Auction Fails Despite Substantial Bid
A recent auction event in California has highlighted ongoing challenges for the Ferrari 296 model, as a 2025 Ferrari 296 GTS failed to secure a sale despite a reported bid of $348,000. This incident adds to a growing trend of 296 units struggling to find buyers at auction, creating a curious situation within the high-performance car market. The vehicle’s refusal to sell, even with a significant offer, has sparked considerable discussion and underscores the complexities of current supercar valuations.
Vehicle Details and Initial Delivery
The particular vehicle in question is a striking 2025 Ferrari 296 GTS, finished in the iconic Rosso Corsa exterior and complemented by a Nero leather interior. It boasts an impressive array of factory options, adding approximately $80,000 to its original value. Initially delivered from Ferrari’s Maranello factory to Ferrari of Los Angeles last year, the vehicle carried a manufacturer's suggested retail price (MSRP) of $452,476. Following its initial delivery, the car was subsequently transferred to another California dealership.
Auction Outcome and Reserve Price
The vehicle was presented at auction, where bidding reached a peak of $348,000. However, this figure reportedly fell short of the seller’s established reserve price, preventing the sale from being finalized. The GTS variant, the convertible version of the 296, maintains near-identical performance to the hard-top model despite an additional 150 pounds in weight. Factory specifications include a front suspension lift system, red-painted Brembo calipers, and carbon-ceramic rotors.
Performance and Specifications of the 296 GTS
The Ferrari 296 GTS is powered by a celebrated 3.0-liter, twin-turbocharged V6 engine, working in conjunction with an MGU-K electric motor. This powerful combination delivers a total output of 818 horsepower, channeled to the rear wheels through an eight-speed dual-clutch automatic transmission. The interior features extensive carbon fiber trim, contributing to the vehicle’s luxurious and high-performance aesthetic. With a current odometer reading of just under 700 miles, the vehicle remains practically brand new.
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