Would you pay six figures for a 1962 Ferrari 250 GTE with a Chevrolet LT1 engine?

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When it was launched in 1962, the 250 GTE was powered by a 3.0-liter V-12 engine that produced 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 up to $ 400,000.

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

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