Rare Alfa Romeo stuck in basement for 35 years sold for $650,000 after owner's death
{{#rendered}} {{/rendered}}Going up!
Finally.
An Alfa Romeo that’s been stuck in a basement for 35 years was sold at an Italian government auction last week, and let’s just say the treasury should be pretty pleased with the result.
{{#rendered}} {{/rendered}}The 1962 Giulietta SZ was discovered among the belongings of a mechanic in Turin who died in November, according to the Alfa Romeo Giulia & 105-Series Facebook page. Apparently the elevator he’d lowered it underground with broke down afterward and was never fixed.
A Giulietta SZ (36) can be seen here competing at the 1963 running of the 24 Hours of Le Mans. (Getty Images)
Since he died without a will or any heirs, the time capsule car was claimed by the government, removed with a crane and sold at the nondescript auction for a whopping $650,000.
That’s one of the highest prices ever paid for the model, and above the Hagerty Price Guide estimate for a show-quality example. Fewer than 200 are believed to have been made, many of which were used for racing and either modified or wrecked over the years.
{{#rendered}} {{/rendered}}ALFA ROMEO GIULIA QUADRIFOGLIO TEST DRIVE: