Ferrari’s Value Totals $770 Million in Collective Showcase
The 32nd annual Palm Beach Cavallino Classic recently took place in the latter part of January, and the multitude of apparatus resembled a flourishing garden of Ferrari shades such as red, yellow, blue and silver.
Only the cream of the crop of Enzo’s vehicles from racing and street driving can be seen at the Cavallino Classic. This year, there were 125 Ferrari’s jockeying for three distinct honors: Overall Exceptional Ferrari Gran Turismo, All-Encompassing Outstanding Ferrari Competition Automobile, and Overall Excellent Ferrari with “Red Book” Verification. The last award is given to any automobile with genuine Ferrari certification; they must still hold the same factory specs when it was initially delivered. Everyone else is armed to secure a Platinum Award, as long as they acquire 97 or above on the assessment test of the event’s scrutineers.
This year’s Cavallino Classic kicked off with a track day on Thursday at The Concours Club in Miami. Those who wished to do so had the chance to “stretch the wheels” of their classic, incredibly valuable Ferrari on the challenging track and take in the sight of others doing the same. On Friday, the field reconvened for an elegant Tour d’Eleganza around the area’s best driving roads.
The weekend was devoted to the car show, with all 125 Ferraris coming together at The Breakers retreat in Palm Beach, Florida for assessment. The top three of the event captivate viewers with some astonishing examples from Ferrari’s heritage.
Anne Brockinton Lee made history at this year’s Cavallino Classic when her 1956 Ferrari 410 Superamerica won the honours of the Overall Outstanding Ferrari Granturismo. Additionally, a 1953 Ferrari 250 MM Berlinetta Pinin Farina earned the distinction of Overall Outstanding Ferrari Competition car, and a 1971 Ferrari 512 M was announced as the champ for the Overall Outstanding Ferrari with “Red Book” certification honor.
Guests of the occasion were also supplied with a seminar concerning “Stunning Ferraris at Le Mans.” During the discussion, Mr. Luigi Chinetti Jr. spoke of how he evidenced his father’s win at the 1949 24 Hour run of Le Mans when he was still a child; this being the debut success in the international scene for the thriving firm of Maranello. Right by that winning car of ’49, a Ferrari 166 MM Barchetta Touring, he detailed his tale as Chinetti Jr. stood just some measure short.
This past weekend was a boon for charities as the Cavallino Classic kicked off. The foundation behind the event managed to raise a substantial $120,000 last year and they are expecting to at least match if not exceed that amount this time round. Their donations will go towards American Council of the Blind, A.W. Dreyfoos School of the Arts in West Palm Beach, whose students sang the National Anthem at the start of the show, and the Piston Foundation to fund Motor Valley internships. Additionally, the organizing committee made a generous donation to the Palm Beach Police and Fire Department Foundation to benefit the area’s local community.
The team at Motor1.com had the good fortune to have a conversation with Luigi Orlandini, the Chairman and CEO of Canossa Events. Mr.Orlandini has set an incredibly high standard this year with his impressive event and was glad to answer any queries that we had.
We need to make clear that Orlandini is a related entity of ours here at Motorsport Network, being that we are the parent organisation of both Canossa, proprietors of Cavallino Classic, and Motor1.com. As such it is imperative that this connection is made known.
Motor1.com enquires: How instrumental is the Palm Beach Cavallino Classic in the Ferrari aficionado community, exceptionally among U.S. owners?
For over three decades, the renowned Cavallino Classic has been considered the apex of concours d’elegance showcasing solely Ferrari cars. Luigi Orlandini has been part of this magnificent event since it began.
Our competition abides by the rules established by the International Advisory Council for Ferrari Automobile Preservation (IAC/PFA), which is the most advantageous way to assess the restoration or maintenance of a vehicle and objectively decide on our Platinum Award champions.
Nevertheless, Cavallino is a fantastic opportunity to congregate in contemporary Florida amidst an exceptional period of the year with folks that share a fondness for Ferrari.
At Cavallino, we strive to provide the best of the best. From the greatest of automobiles, to the finest of people, the most beautiful of settings, and the best time of year, we’re committed to delivering an unforgettable experience. Our goal is to create an environment where everyone can come together and share their passion for cars. Whether you’re a collector, enthusiast, or just looking to enjoy a great day out, Cavallino has something for everyone. We look forward to welcoming you to our world of automotive excellence.
Attendees at the weekend-long celebration should expect to indulge in the luxurious embrace of all things Ferrari. From supercars and race cars, to the premium apparel and art associated, the event will provide all fans with a unique opportunity to bask in the opulence of this iconic marque. Everything attendees see and experience will encompass the ultimate Ferrari lifestyle, giving them an unforgettable taste of true automotive excellence.
Luigi Orlandini: The Cavallino Classic spanned across four days and packed quite an array of activities: from extraordinary automobiles to electrifying company, delectable cuisine alongside vintage wines, thrilling rallies coupled with harmonious music (made both by the cars and live singers), and much more.
For each and every Ferrari admirer, there is something to tantalize the senses – exquisite beauties and ferocious competition cars from throughout the ages.
For four days, excitement and joy fill the picturesque hamlet of Palm Beach because The Breakers, a historic resort, provides an amazing encounter for visitors.
How many individuals are needed to arrange and successfully carry out a function as impressive as this? Additionally, when does preparation begin annually?
More than a hundred energetic employees were in attendance at the event, and there was an abundance of professional judges numbering around eighty, together with the countless individuals who toil away at The Breakers.
Our ensemble presently brings jointly many established partners of Cavallino with some from Canossa Events, which as you are surely aware is the world-renowned motor event planner for male and female racers.
We have already set in motion preparation for the upcoming Cavallino Classic event slated for January 2024, striving to upgrade the existing occasion and guarantee that all our attendees and Ferrari possessors feel content throughout.
What could be the approximated collective worth of all the Ferrari automobiles that graced this year’s occasion? Motor1.com sought to gauge its value.
Luigi Orlandini is not a connoisseur in auto estimation, yet I might propose that we were easily surpassing $700 million.
This year, the event organisers opted to provide an additional accolade for Overall Outstanding Ferrari with a “Red Book”. Why was this decision made?
Luigi Orlandini: All living creatures progress, and our darling horse has to develop as well. It is an undisputable fact that the notorious “red book” is becoming increasingly critical for a Ferrari enthusiast, thus we believed this novel accolade keeps step with the changing period.
This does not signify that only “accredited” vehicles will be tolerated, nor will the red book bear any consequences on the selection of our established Best of Show accolades.
Readers who may not be familiar: what is the concept behind the “Red Book”? Essentially, it is a comprehensive guide encompassing all information related to the motor industry. It includes details about different makes and models of vehicles, as well as pricing, maintenance tips and repair advice. In addition, the Red Book encompasses information regarding vehicle auctions, recalls and general industry news. The publication also provides readers with in-depth insights into the automotive landscape.
Luigi Orlandini: Obtaining a certificate from Ferrari is confirmation that the automobile is genuine and has stayed true to its initial specs since it initially left the manufacturing facility.
Over the past ten years, its notoriety has grown significantly since it offers assurance of validity.
This recent year, participants enjoyed time on the track, participated in a luxurious tour rally, and competed in a vetted concours competition. What did you find most engrossing during the full event?
If I have to name the best, my childhood in Paestum is the happiest time for me.Luigi Orlandini: Honestly speaking, I’m unable to single out one experience. Every moment has a certain character and resonates with a unique feeling. If I were toSingle to out one, it would certainly be my youth spent in Pasetum; this remains the most joyful period of my life.
What really sets Cavallino apart is the merging of all those different elements into one event.
If asked, the highlight of my work day is always when I encounter someone satisfied with their experience. It’s an incredible feeling that enriches both myself and my team!
In addition to the 3 prizewinners, could there have been any other outstanding Ferraris exhibiting which merited approval?
Luigi Orlandini: All the automobiles that snatch up a Platinum Award at the Cavallino Classic, which entails gaining 97 points or more in the meticulous evaluation process, are considered victors. Those vehicles are all in top-notch condition and are thus deemed ‘the champions’.
The judges are presented with an exhaustive task, that of selecting the foremost awards from an array of truly exemplary vehicles. Making a choice between so many impressive contenders is no easy feat.
Despite this, all vehicles on the track deserve to be acknowledged, despite the undeniable charm of something like a 250 GTO.
Further to the vehicles, all volunteers, adjudicators, and personnel should be given credit for their hard work in putting on a marvellous occasion.
The Ferrari faithful have been confronted with some major changes due to the release of recent vehicles such as the V6 powered hybrid 296 GTB and the Purosangue SUV. How have they responded? Have there been positive reactions or is hesitation for progress still felt?
Analyzing the sales figures suggests a very considerable favorable response!
The opinion of individual preference varies widely. Some enjoy older jewels of the ’50s and ’60s. Others prefer the more modern and high performance supercars. And there are those who have a special affinity towards the sleek and smooth designs of today’s 296 GTS. Then, there’s me – someone who relishes in them all.
All of them are devoted Ferrari fans and there is no wrong approach when it comes to adoring the Italian carmaker.
Which modern-day Ferraris do you predict will be taking home the coveted awards at upcoming Palm Beach Cavallino Classic events? It will be exciting to witness which models will draw nods from the judges in the future; nevertheless, certain Ferraris are considered contenders for these distinctions.
In 1992, Luigi Orlandini brought the Cavallino Classic to life in Palm Beach. Now, there are cars on the field for judging that are more modern than the event itself! As time progresses, these more recent specimens will remain alongside many of the classic pieces of automotive art from days gone by, forever commemorating the illustrious history of this renowned marque.