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Are You Cool Enough?

Steve McQueen's 1963 Ferrari 250 GT/L Lusso Berlinetta. Photograph by Greg Tarczynski/Polaris
A slideshow of the McQueen Ferrari can be found here.
Attention all of you filthy-rich, car-loving Wall Street tycoons of a certain age: Tomorrow is your lucky day.
If you think you're cool enough to possess it, a Ferrari once owned and raced by Steve McQueen is for sale. The 1963 Ferrari 250 GT/L Lusso Berlinetta will be the star attraction at an auction Thursday in Monterey, California.
The car—metallic brown in color, with beige leather interior—would be just the thing to motor on over to the Concourse d'Elegance in Pebble Beach, which (not coincidentally) starts on Sunday.
McQueen's cool won't come cheaply. With its 250-horsepower V-12 engine and Scaglietti coachwork, his former Ferrari is expected to sell for between $800,000 and $1.2 million.
There are other cars available in the auction, of course: 88 of them.
There is, for example, a 1938 Bugatti Type 57 Three-Position Drophead Coupe—a snip at the estimated price of $600,000 to $800,000. And a 1938 Peugeot 402BL Eclipse Decapotable, estimated to fetch $200,000 to $250,000.
For the budget minded, there's even a 1959 Volkswagen beetle convertible—a steal for only $35,000 to $45,000.
Yeah, that one's just like the Bug you drove to college and later sold for $150. Only much, much nicer.
by Mark Stein
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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