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Ferrari in depth

Ferrari 166/212 L’Uovo at RM

Little needs to be said regarding Ferrari and their founding, the first iconic model was the Tipo 166MM and RM are offering an iconic example. (0024MB) was a standard Touring Superleggera Barchetta that was sold to the Scuderia Marzotto in 1950 and used twice in the Targa Florio and Mille Miglia. Unfortunately Umberto Marzotto crashed in badly at the later event and he decided to commission Fontana to rebuild the car with a unique Coupe body known as L’Uovo (The Egg) for obvious reasons. While the Egg was largely unsuccessful, it was a fabulous motorcar and an iconic piece of Ferrari lore and passed through a series of Mexican and US owners including Ed Niles and Jack du Gan before being restored and returning to Italy to a rather secluded collection where it has remained ever since. Noted to be in very good condition and certainly a unique opportunity this 166MM is a fabulous car. Until last year it appeared that the best 166MM were heading towards the $10 million mark but Zagato Coupe #0046M sold for $5.4 million and Barchetta #0058M stalled below $8 million at Amelia ealier in the year. RM have offered an estimate of $5 – 7 million for L’uovo and that seems eminently reasonable and good value for what is a truly unrepeatable chance to purchase.

Ferrari 212 Inter at Gooding

Ferrari developed the 212 into the racing Export and road going Inter although the two monikers were often interchangable and each car must be taken as a individual. The most attractive are the Vignale and Pininfarina examples that include some dramatic and beautiful designs. Gooding is offering a 212 Inter (0175E) with an early example of the Vignale Berlinetta bodywork and a 155bhp version of the 2562cc V12 that was delivered to Italy before it was sold to the USA in the late 1950s and later rehomed a Buick V8 in place of the V12. After becoming a little grungy the car was restored before it was offered but not sold by Bonhams Brookline in 2006 although it sold to the vendor soon after and was given a $850k restoration by Patrick Ottis, Canepa and Brian Hoyt. A pretty cool little car, this example is perhaps a little expensive at $1.5 – 1.8 million but with the cost of restoration etc. its difficult to see the seller coming out that far ahead.

Ferrari 342 America at RM

A very similar car to the 340 America that it replaced, the 342 America was produced in a very short series in one year only production run and while the car continued the earlier examples even number serial system it was anything but a competition car and instead was the forerunner for the Superamerica series. RM are offering #0232AL which wears unique Vignale Cabriolet bodywork and a very elegant example indeed. With a fantastic provenance and few owners it is a beautiful, extraordinary example of a rare car and well worth the $2.25 – 3 million estimate. Ferrari launched the all new 250GT Europa in 1953 and it featured a revised chassis along with a unique 250 series engine that was derived from the Lampredi 375 series. Russo & Steele are offering an example (0321EU) that  has little history given although it has perhaps been in the USA since the 1960s and was latter fitted with a 330GT 2+2 engine and transmission although it is today fitted with a Tremec 5 speed and has been restored by Hoyt, Ottis and co.

 

Ferrari 250GT Boano at Bonhams

A second example is on offer at RM (0377GT) and this represents a member of the second series that were built on a shorter, lower chassis with the iconic Colombo designed 2953cc engine and really exemplifies the best of the breed. Delivered to France the car later passed to the USA and was restored a quarter of a century ago although it remains in good, original condition and excellent mechanical state. The earlier 250GT Europa are worth perhaps half the second series and R&S example further lacks its original engine and transmission so I would be surprised if it fetches much more than $1 million while the car at RM is well worth the $2 – 2.8 million estimate, even the high wouldn’t be too much and the low excellent value. The 250GT Boano replaced the Europa and was essentially unchanged other than revised, standardised bodywork from Pininfarina. Bonhams are offering an example (0543GT) that was supplied to France although soon shifted to the USA where it was raced. After a sale at Gooding Pebble back in ’06 the car was restored and post another sale at RM Monterey in ’10 it was restored by the best Italian shops. Bonhams have estimated the car at $1.1 to 1.4 million and this seems market correct for a fantastic, usable Ferrari.

Ferrari 500 Mondial at RM

Lampredi was hired by Ferrari to design and develop a new series of big block V12s although FIA machinations meant he soon began developing 4 and 6 cylinder automobiles. While the 4 cylinder Tipo 500 was developed for the 1952/3 2 litre F1 formula it soon found a popular home in the new 2 litre Tipo 500 Mondial with a fairly basic chassis marketed at those that wanted to compete in the various national 2 litre series. 29 examples of this fine, user friendly sport racer were built and two are on offer at Monterey, one at RM and another at Gooding. The example at Gooding (0468MD) is a typical car that was sold to Petracchi although the early history is as yet unknown and was later rediscovered by Colin Crabbe before restoration by DK and later still passed through owners in the UK, Switzerland and finally to Jon Shirley. The second example is (0448MD) which was sold to Tony Parravano and fitted with a 225HP 2942cc 735S experimental inline 4 cylinder engine before delivery. After a small number of race meetings the car was taken to Mexico when Parravano faced his IRS troubles although it returned to Robert Dusek in ’72 and is understood to be in wonderfully original condition. RMs car is unique and estimated at $4 – 5.5 million while Goodings example is a pretty much standard series II with Scaglietti bodywork and estimated at $3 – 3.8 million. I prefer RMs example with its good clean looks and unique history although both are well worth a look for a user friendly little racer that would be ideal for any use.

Ferrari 121LM at RM

Adding two cylinders to the 735s gave a 4412cc straight 6 that offered 360bhp, more than enough to compete with anything offered by any competition. While this was more than enough to outpace the competition, the engine was fitted to the 750 Monza type chassis and was far too much power which meant the Jaguar and Mercedes had much faster cornering speeds. RM are offering one of the five examples made in 1955, originally a 118LM that was soon rebuilt as a 121LM and had history with both the works team at Mille Miglia and Le Mans before being sold to Ernie McAfee who died while driving it at Pebble Beach. The car was rebuilt by William Donehy retaining all original components although there must be questions around how much chassis tubing could be saved. With only three owners from new and offered in beautiful condition, this car is not just rare but desirable and while the equivalent V12 would be worth be worth $20 million plus the lack of 6 cylinders cost it at least 50% of the value. For a car with every possible use this car is a fantastic buy at the $6.5 – 7.5 million estimate and I love that it is being sold on the peninsular which has so much symbolism.

Ferrari 250GT Tour de France at Bonhams

The GT competition was starting to warm up and Ferrari realised they could make and sell lightweight versions of their road cars to wealthy amateurs in much the same way they were selling the 2 litre sports racers. Beginning with a handful of very special Europa they soon developed a specific Competition car that was built in a small run during 1956, one of which won the Tour de France and while they were only ever sold as the 250GT Berlinetta they soon gained the moniker Tour de France or even TdF. Bonhams are offering an example (0899GT) of the later single louvre series that was originally supplied to Eduardo Lualdi and raced widely in Italy before sale to France and further racing into the early 1960s. Unfortunately the car was crashed in a road accident and lost its engine and bodywork and the car that had the bodywork fitted even tried to claim its provenance. Ferrari classiche restored this car in 2012 around a new Ferrari OEM engine and bodywork from Carrozzerria Autosport. Now while great Tour de France have been $6.5 – 13 million depending on provenance and history, I don’t see this example selling for more than $5 million with its somewhat torturous history.

Ferrari 250GT Spider Series I at Gooding & co

Another late 1950s model range was the Cabriolet which was launched as a European counterpoint to the California and was supposed to be more elegant than the latter. Arguably as glamorous, these Cabriolet look stunning in most colours other than rosso red and after a series of 30 odd examples of the very expensive Series I, Pininfarina toned down the design for the more mass production Series II for which 200 were made. Gooding are offering an example of both with the Series I (1475GT) a gorgeous example that was supplied to Monaco in a rare colour scheme of Giallo Solare over Marrone and later imported into the  USA where it was owned by Hillary Raab among others. More recently restored this car offers the buyer the option of either use in the current Metallic Blu or returning to the original Giallo Solare and either way is truly fabulous, Gooding has an ask of $5 – 7 million (roughly half a California) and at that its great buying. Gooding are also offering an example of the Series II, a fascinating car that was supplied via Luigi Chinetti to an unknown US buyer before passing through a series of owners and an incomplete restoration. While this car might be $200 – 600k away from complete depending on the level of finish and detailing I would support the purchase of a project such as this and I think the lower end of the $800k – 1.2 million estimate offers some room to complete without being underwater, the high end not so much, especially if you want a concours example.

 

Ferrari 410 SA at RM

As noted earlier the America series may have started as a race car for sale but later became synonymous with luxury road cars. The replacement Superamerica became available in the mid 1950s and lasted through the advent of the 400SA in 1960. Every Superamerica of both series was hand crafted and should be treated as an individual with enormous personalisation available and each were stunningly expensive ensuring they are rare as the proverbial hens teeth. RM are offering an excellent example of the last series of 410 Superamerica (1305SA) that was delivered to a US buyer in Switzerland and later passed to the USA for such famed Ferraisti as Richard Merritt, John Hajduk and Dennis Machul. Restored way back in the 1970s, the car has been well maintained since and remains like a nice pair of loafers, comfortable and ready for any use. Offered in British Racing Green over Tan the option remains to redo the car in the original Nero Tropicale. Bonhams are offered an example of the 400SA (5029SA) that was delivered to Italy and later exported to the USA and later still to Switzerland where it was restored, later still it returned to the USA and was re-restored by Bob Smith and remains ready to win any concours. The earlier cars are much rarer and carry a higher value and RM have estimated their car at $5.5 – 6.5 million while the later 400SA has no ask given but recent sales have been between $2.5 – 3.5 million and I personally much prefer the earlier car and if its within budget it will remain the better long term investment.

Ferrari 250SWB at RM

The 250GT Tour de France was ideal for the longer tracks and offered great stability and power but Ferrari knew that model was getting a little long in the tooth and launched the new Berlinetta in very late 1959. Built on a shorter wheelbase the new car was designed to be much more nimble as well as lighter and would simply continue the firms dominance in GT racing. Fitted with glamorous yet elegant bodywork the SWB matched the engineering quality and these cars dominated their category through to the introduction of the GTO and later spawned a series of outwardly unchanged steel bodied GT examples. RM are offering one of the steel bodied 250GT SWB (2985GT) that was sold to Italy but exported to the USA and ended up with noted Ferrari experts Betz and Peters in California and they retained the car for three decades, eventually selling it to the vendor for whom they restored it in its original livery to concours winning standards. Examples of these have been offered at Monterey for the past few years and in 2014/5 they seemed to be hitting $10 million plus levels although all but one sale since has struggled to top the $8-9 million range. The most recent offering at Amelia Island had a reported high bid of $8.2 million and failed so its interesting to note that RM are estimating this car at $8.5 – 10 million and again will be a test of how motivated the seller is since I think it could sell if he/ she accepts a figure around the $8 – 8.5 million mark.

Ferrari 275GTB (07075) at Gooding & co

Ferrari revitalised their model range with a new sporting GT in ’64 when they launched the 275GTB, the last twin cam V12 built and fitted with triple Webers in 3285cc form it offered around 280bhp and propelled a standard Ferrari 2400mm tubular chassis. The chassis was fitted with the new torque tube as launched in the 330GTC in the quest to stop vibrations and the driveshaft connected to a 5 speed manual transaxle while the car was the first 275GTB to feature IRS. All new Pininfarina designed bodywork featuring an agressive front end and Kamm tail was actually built by Scaglietti and offered a package that was extremely desirable. Options on the car were 6 Weber DCNs pushing power out to 300bhp creating the GTB/6C that was otherwise standard, further options that became available included alloy bodywork and from ’65, long nose bodywork. Ferrari decided to redevelop the 275GTB for 1966 and decided to base it on the long nose 6 carb specification and

Ferrari 275GTB/C at Gooding & co

upgraded to the same 4 cam spec as seen on the 275P2, it produced 300bhp. 280 examples of the 275GTB/4 were produced through ’68 with the longnose bodywork when new US emissions regulations barred sales and Ferrari had already begun development of the 365GTB/4 “Daytona” replacement. Between the production of these two models, Ferrari did build a short run of 12 275GTB/C that were mainly designed for road racing at Le Mans and elsewhere with a competition version of the single cam engine, standard chassis and lightweight alloy bodywork, these were mainly raced by the various semi works teams. The final variant of the 275 was released in 1967 when the first of the very special NART spiders became available on the 275GTB/4 platform and just 10 of these extremely valuable cars were ever made.

 

 

Ferrari 275GTB Alloy at Bonhams

Seven different 275s are on offer across the peninsula and they cover the whole spectrum from 275GTB Longnose to GTB/4. Mecum are offering a 275GTB Longnose (06943) that was fitted with the Scaglietti longnose in 1981. Owned by a Ferrari expert for 47 years this car has been restored in Rosso Corsa over Nero and will be one of the best driving 275s extant. Mecum have estimated the car at $1.9 – 2.2 which is market so long as you don’t want a car with a big name restoration. Gooding are offering two examples, the first is a 275GTB (07075) that was fitted from new by Ferrari with Competizione features and raced in Italy, after a short series of Italian owners the car passed to the USA, Sweden and Monaco before a restoration by the best Italian shops. This car could actually be looked at as a cut price 275GTB/C and complete with the fantastic restoration is well worth a look at the $2 – 2.4 million estimate. The second car at Gooding is a 275GTB/C (09051) that was supplied to Renzo Sinibaldi for racing in the Italian national GT series with a 333bhp competizione engine and light guage alloy bodywork gained good results at Mugello and elsewhere. A well traced history includes ownership in Switzerland,

Ferrari 275GTB/6C at RM

UK and USA before a $800k restoration by MPI. This is one of the greatest of all 275s and previous sales have been in the $7.8 – 9.4 million range so while the $12 – 16 million estimate seems just a touch steep, if anyone can get the money it is Gooding Pebble Beach and this is a stunning looking car.

 

Bonhams are offering an Alloy longnose (07927) that was possibly prepared for the Monte Carlo Rally in ’66 and later sold to Italy before a shift to the USA in the early 1970s, later heading to Italy and Switzerland before a restoration in Italy and the UK. Several further rounds of cosmetic work have left the car in fabulous condition as testified by its concours history. Noted as a beautiful car in its current Celeste Blu, Bonhams have an ask of $2.7 – 3.5 million which was market in ’15/16 although several comparables have failed at similar levels more recently and I think the lower 2s might be the 2017 value. RM have two 275s on offer, a 275GTB/6C (07933) that was supplied via Chinetti to the USA where

Ferrari 275GTB/4 at Gooding & co

it had a series of owners before stints in the Netherlands and Germany before a return to the USA where it received a cosmetic restoration and won concours awards. Like the example at Bonhams it is estimated at $2.9 – 3.4 million and I feel this is a touch too high with a likely 2017 value closer to the low 2s. The second example at RM is a 275GTB/4 (10147) that has provenance with Kirk White, John Hajduk and others. Previous work has been done by Patrick Ottis, Bob Smith and Canepa so it should be in good nick although a prospective buyer might want to assess exactly how good it really is. RM have offered an estimate of $2.75 – 3.25 million and if it is as good as claimed that is actually market or slightly cheap so definitely one to consider.

 

 

Ferrari 275GTB/4 at Bonhams

Two further 275GTB/4s are on offer at Bonhams and Gooding & co. Bonhams example (10507) is in Rosso Corboda over Beige although it was delivered in Metallic Maroon to the USA. Offered with little provenance the car has only had three owners including Thomas Day who has owned it since ’91 and while never restored it is well maintained and remains a good honest car for a driver. Bonhams offers an estimate of $2.5 – 3 million which is about right for a car that would be a fantastic car to own and drive rather than a concours queen. Gooding & co are also offering an example (10291) that was supplied to Italy before export to the USA, this car noted for being restored by Patrick Ottis and Brad Hoyt. Noted to remain in original specification the car comes with docs and looks pretty fierce in Nero over Rosso, Gooding & co have an ask of $3 – 3.5 million and if this car is in the condition Gooding claim it is, then its entirely worth the amount. My favourite of any of the 275s on offer is either the 275GTB (07075) at Gooding or the ex Day collection 275GTB/4 (10507) at Bonhams and both are well worth the money asked for them.

Ferrari 275GTS at Bonhams

California production ended in ’63 and the following year the replacement was launched with the 275GTS based on the same platform as the original 275GTB. Identical mechanically to its Coupe brother the car featured the same IRS, rear mounted 5 speed manual and disc brakes although the car missed out on the torque tube while the 3.3 litre engine was fitted in detuned 260bhp spec. Unlike the GTB, Pininfarina’s bodywork on the GTS was pretty dowdy and based closely upon their design for the 330GT 2+2 with a relatively short nose and louvres on each side of the bonnet. In production for three years no less than 200 examples were produced making the model Ferrari’s most popular Cabriolet yet. It must be noted that such was split personality between the Coupe and Cabriolet that Luigi Chinetti decided to create his own NART spider that was essentially a roofless Coupe. Two examples of the GTS were on offer at Bonhams and Gooding, the first (08335) is a Azzuro over Nero example supplied to the USA and restored by Paul Russell two decades ago. Gooding is offering an example (08621) in Nero over Bianco that was supplied to the USA and has been maintained to concours winning standard. Bonhams example carries a $1.85 – 2.2 million estimate and Goodings is similar at $1.7 – 2 million, both are market priced and well worth checking out.

Ferrari 330GTC at Gooding & co

Ferrari decided it could readily offer and sell a model that fitted between the sporty 275GTB and family Ferrari 330GT 2+2. To that end they simply merged the former’s 2400mm chassis with the later’s 300bhp and Pininfarina developed bodywork that merged the 330GT 2+2 glasshouse with the 500 Superfast front and 275GTS rear. The 330GTC was a 2 seater sporting GT and proved popular with 600 sold between ’66 and ’68. Two examples of these fast comfortable GT are on offer at Monterey with one at RM (09847) and another at Gooding (11251), the former is in Argento over Nero that has excellent mechanical condition courtesy of Motion Products while the latter is in Marrone Colorado over Nero and has been restored by Bill Attaway. While the former is estimated at $550 – 650k and the latter is $700 – 800k, both are market correct for driver and show quality examples and it remains that both have appeal to different purchasers.

Ferrari 365GTS at RM

The 330GTC platform was also used for a Cabriolet model, 330GTS and both were later fitted with the 4.4 litre 365 series engine to create the one year only 365GTC and 365GTS. RM have a beautiful example of the 365GTS, one of just 20 made, (12163) offered in its original Avorio The Tetrarch over Nero. After stints in Switzerland and Germany the car was later given a $500k restoration by Bayberry Vintage Autos and comes with its original factory hardtop. These cars rival the later 365GTS/4 in quality and price and are well worth the $2.8 – 3.2 million estimate especially considering their extreme rarity. Considering the comparative rarity I actually consider that these will prove to be a better longterm investment than the more common Daytona Spider.

 

 

Ferrari 206GT at RM

After the Ford Ferrari merger fell apart Ferrari was courted by Fiat and agreed to develop a V6 that could be used by both Ferrari and Fiat and began working with Pininfarina on an all new series of models that would form the Dino Ferrari range. Featuring the same basic tubular platform as the rest of the Ferrari model range it was configured as Ferraris first ever mid engine GT while the engine was a detuned 180bhp version of that fitted to the 206SP. Just 153 examples of the alloy bodied Dino 206GT were built at the end of the 1960s and they are today the most valued of all the Dino V6s. Ferrari decided to redevelop the 206GT into the 246GT later in 1969 and fitted it with a newly created 195bhp 2.4 litre version of the earlier engine, otherwise the major change was the steel rather than aluminium bodywork. 2,295 Coupes were produced along with 1,274 Targa topped 246GTS.

 

Ferrari 246GTS at Gooding & co

Bonhams are offering a 246GT (04092) that is an Italian car, later imported into the USA and restored at $330 – 380k which is line ball with market.  RM have examples of both the 206GT (00362) and 246GT (00522), the former an Italian car delivered in Giallo Fly and recently restored in Rosso Corsa over Nero and noted as well documented and in excellent quality. RMs 246GT is a Swiss delivery that ended up in the USA where it was restored to spectacular condition although it has been resprayed Rosso Rubino as opposed to the original Rosso Dino. The 246 at RM is market priced at $350 – 425k while the 206GT seems expensive at $650 – 750k although maybe it will set a new benchmark for the market.

Mecum are offering a 246GT (01784) that they claim as a well kept original, well serviced and refreshed by Bill Pound, this is very well priced at an ask of $250 – 300k and if the documents check out and the car is still in good condition it would make good buying, if not perhaps its best to avoid.  Gooding are offering examples of the 246GT and 246GTS, the former (04374) a good authentic example that has received much recent maintenance, as with the example at Mecum it is imperative that the mechanical state and chassis condition are assessed to ensure that it is in good condition but if so, its good buying at $250 – 325k. The 246GTS (08056) is a good restored example in Bianco Polo that was delivered to the USA and has just 18,000 miles from new. Well worth a look at the estimate of $400 – 500k it makes sense at the low estimate but the high requires it to be in excellent condition.

Ferrari Daytona Competizione at Mecum

New EPA legislation meant many Ferrari were not legal for sale in the USA while the sheer quantity of models made production expensive. To solve these issues, Ferrari required a rationalisation that saw them develop the 365GTB/4 with its race derived 350bhp twin cam 4.4 litre engine and traditional underpinnings. While not a competition car it was soon developed into a mild race spec that met the FIA requirements and compeitizione engines of up to 400bhp, alloy bodywork and various upgrades were available. Further street cars were built up with competition parts and used by N.A.R.T. and Charles Pozzi in various grades of motorsport. The final iteration of the Daytona was the 365GTS/4 Spider that became available in 1971 with nearly 1300 Coupes and just 122 Spiders built. Eight Daytona and two Daytona Spider are on offer at Monterey.

 

Ferrari 365GTB/4 Harrah Hot rod at RM

Mecum are offering an example of the Competizione spec road going 365GTB/4 (14049) that was prepared by the Ferrari factory and raced at the Le Mans 4 hours in ’72 although it was later converted back to road spec and ended up like so many others in the USA where it was restored by Wayne Obry and race prepped with a 455bhp engine, The $1.25 – 1.65 million estimate seems perhaps a touch too high and yet comparable to the example offered at RM Amelia Island although that example failed to sell at a reported $1.2 million high bid and this example may similarly struggle to get over the line. Mecums other Daytona is a standard Coupe (15757) that is a standard Rosso Chiaro roadcar that while in excellent condition and low miles is estimated at $850k – 1.05 million which seems at least $100 – 200k too high.

Worldwide are offering a standard Coupe (14393) that has been cosmetically restored in Rosso Corsa over Nero at a slightly high $700 – 800k.  Gooding are offering a Coupe (14229) in Rosso Corsa over Nero that has been restored by Symbolic Motors in recent times and is claimed to be in wonderful condition at $750 – 900k and this may be a little high but if actually in the condition claimed might be okay. Bonhams have three examples, two Coupes and a Spider on offer, the Coupes are (14207) in Rosso Chiaro

Ferrari 365GTS/4 at Bonhams

and (14417) in Rosso Ferrari, the former a one owner car with 29,090 miles and the latter a a totally original US car at $750k – 1 million and $500 – 700k respectively. Both are well worth a look, the latter well priced but needs assessment lest it require a tonne of work while the former is likely to prove a good long term investment as a rare truly original example although the $1 million high estimate seems a tad too much. Bonhams Spider is (16573) an original Marrone Colorado over Beige example that was supplied to the USA and later restored by Motion Products to original form. An excellent example although $2.7 – 3 million might be a little too high in the current market.

 

RM are also offering two Coupe and a Spider. The two Coupes are (14169) at $750 – 900k, a Rame Metallizzato example sold to the USA and hot rodded by Bill Harrah well maintained by Patrick Ottis and others although it is a polarising example.  RMs second Daytona is (16445) a Rosso Chiaro over Beige example that has been restored by Ferrari of Atlanta and estimated at $700 – 750k. Both are potentially excellent buying although I would recommend a proper assessment of their quality level before bidding. The Daytona Spider is (15007) which is a Rosso Chiaro over Tan example that is noted for being original apart from a very old redo and it will be polarising at the $1.6 – 2 million estimate, certainly not one for a buyer looking for a perfect example but anyone desiring a nice original would be recommended to check it out.

 

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