Ferrari Owned by Steve McQueen to Auction in November
The 1967 NART Spider will head to the block in New York City, drawing attention to high-value collector car insurance.
Updated on Sept. 29, 2026 in Car Culture
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A rare 1967 Ferrari 275 GTB/4*S NART Spider, previously owned by Steve McQueen, is set to sell at auction in New York City on November 20-21, 2026. This specific vehicle, chassis number 10453, carries an estimated value between $15 million and $20 million.
Why it matters
The sale highlights the unique risk management strategies used for ultra-high-value collector vehicles, where repair costs are typically capped well below the total value of the car. Because total loss claims for these assets are extremely rare, the insurance industry often uses reinsurers to distribute risk for the most expensive units.
The vehicle is one of only 10 NART Spiders ever built and is hitting the public market for the first time since its 1986 acquisition. Estimates suggest a final price of $15 million to $20 million, while collector car repair costs rarely exceed $3 million.
The players
Steve McQueen
The late actor and cultural icon was a famed automotive enthusiast whose historical ownership significantly increases the value of classic vehicles.
Gooding Christie's
An elite auction house specializing in the global trade of high-value, rare automotive assets.
Hagerty
A leading provider of specialized collector car insurance that tracks industry-wide market trends and vehicle valuation data.
Junior Conway
A professional automotive repair specialist known for performing restoration work on high-value collector cars.
The details
Insurers determine the valuation of such assets by analyzing original purchase prices, specialized auction data, and direct consultations with clients. When vehicles reach these extreme price points, primary carriers often utilize reinsurance to shift the liability across multiple companies. To ensure the vehicle remains in top condition, historical work like the repairs performed by Junior Conway after a Pacific Coast Highway accident must be professionally documented for insurance purposes.
Timeline
1986: The current owner acquired the vehicle.
August 2013: A previous NART Spider sold for $27.5 million.
2025: Hagerty reported $1.19 billion in written premium.
September 10, 2026: The auction event was officially announced.
November 20-21, 2026: The auction will take place in New York.
The Home Front
This auction sits within a period of growth for the collector market, which saw 2.82 million vehicles in force during 2025. It illustrates how owners of high-value items manage risk through specialized coverage structures rather than standard auto policies.
If you own a classic or high-value vehicle, ensure your documentation for past professional repairs is stored in a secure, fireproof location. Review your current policy to confirm it accounts for the actual market value of your vehicle rather than a standard depreciated estimate.
The takeaway
Ultra-high-value vehicle owners use specialized insurance that reflects the unique, rare nature of their assets. To protect your own classic car investment, maintain a detailed ledger of all professional repairs and consult with a specialist broker to ensure your policy reflects current market values.
Further reading
For more on the market for high-end vehicles, see our Car Culture section.
Source note: This article includes information reported by Insurance Business.
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