Would You Pay Six-Figures For A 1962 Ferrari 250 GTE With A Chevrolet LT1 Engine?

When launched back in 1962, the 250 GTE was powered by a 3.0-liter V-12 engine that delivered a total of 237 horsepower and 193 pound-feet of torque. At launch, the car was priced at $12,600, and right now, at auction, you can find them selling for as much as $400,000.

But what happens when you swap the V-12 engine, and go for a Chevrolet LT1 V-8 engine? A 250 GTE powered by a V-8 engine is now listed on Bring a Trailer and the current bid is $125,000 – that’s what.

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