Ferraris Sold at Auction in 2014

Auction Editor Rick Carey reported from 30 different auctions in 2014, starting with the Scottsdale, Kissimmee and Paris sales, moving quickly into the Amelia Island sales and continuing on a frenetic pace throughout the rest of the year.

Ferraris — the unquestioned epicenter of the collector car market — were a huge focus of Carey’s reports, with no less than 169 of Maranello’s finest methodically examined in 2014. They ranged from modern variants you wouldn’t wish upon your worst enemy to the belle of any ball, the 250 GTO.

Carey said, “The top of the market (usually attached to the marque ‘Ferrari’) is steaming hot. Cars like 250 GT Pf Coupes once were candidates for sacrifice to make Testa Rossa replicas. They now bring enough money to hire Scaglietti to re-create the original style bodywork.”

The biggest — both in dollars and in publicity — sale of 2014 occurred when Bonhams sold the Maranello Rosso Collection’s 1962 Ferrari 250 GTO (s/n 3851 GT) for $38,115,000 at their Monterey Week sale, breaking the all-time auction record set only last year by the 1954 Mercedes-Benz W196R that Bonhams sold for $29,650,095 at their Goodwood Festival of Speed sale. A staggering price indeed, but far less than $50-75 million many ‘experts’ dreamed up. Carey said the GTO sale represented, “a benchmark for considered, thoughtful, realistic valuations in the face of vast hype.”

The impressive auction results from the Monterey Classic Car Week further cemented Ferrari as the place to be in the collector car market. Carey commented, “It’s Ferrari that made the difference, with $205.9 million in 39 sales over $1 million hammer, 78.1% of the Monterey over $1 million transactions. How important? The 2014 Ferraris greater than $1 million were up a staggering 98.6% from 2013, $12 million more than the total value of all the cars sold in Monterey in 2011. Just in million dollar Ferraris.”

Will this upward trajectory continue in 2015 and beyond? We’ll soon know with the Scottsdale auctions coming up soon in mid-January, followed quickly by the Kissimmee and Paris sales. One certainty is that Rick Carey will continue to offer up his educated opinions about market trends and values going forward.

Listed in chronological order, Rick Carey’s reports on the 169 Ferraris analyzed in 2014:

Bonhams Scottsdale 2014 – Auction Report

Lot # 107 1976 Ferrari 308 GTB Fiberglass Coupe; S/N 19579; Engine # 1770; Yellow/Tan leather; Estimate $75,000-$100,000; Unrestored original, 2- condition; Hammered Sold at $104,000 plus commission of 10.00%; Final Price $114,400. A/C, P/W, AM-FM, Michelin XWX blackwall tires. – Good mostly original paint, many gel coat cracks. Sound lightly stretched driver’s seat cushion with no bolster wear. Clean underbody. Good dash top. Lifting wheel paint and some corrosion. – The early fiberglass 308 GTBs still attract a significant premium over their later steel bodied siblings, as this result indicates and despite the tender nature and wavy surfaces of their vetroresina body shells. Even their rarity and perceived value doesn’t support the price of this high original example. It is an expensive car.

Lot # 112 1966 Ferrari 275 GTB/6C Coupe, Body by Scaglietti; S/N 08327; Engine # 08327; Celeste Blue/Black leather; Estimate $2,200,000-$2,600,000; Older restoration, 3+ condition; Hammered Sold at $2,400,000 plus commission of 10.00%; Final Price $2,640,000. Chrome spoke Borrani wire wheels, Michelin XWX blackwall tires. – Good paint, chrome and interior. Engine shows use, some oil residue and chips. Underbody given a new coat of sealer over old, partially peeled off undercoat. Ferrari Classiche inspected but apparently not certified. – Slotting nearly into the middle or Bonhams’ estimate range, this attractive and rare 6C continues the steep upward curve of the best V12 Ferraris.

Lot # 124 1990 Ferrari Testarossa Coupe; S/N ZFFSG17A1L0087096; Red/White leather; Estimate $70,000-$90,000; Unrestored original, 2 condition; Hammered Sold at $81,000 plus commission of 10.00%; Final Price $89,100. No Reserve. – Good paint and interior showing almost no evidence of use appropriate to the 6,368 miles it has covered from new. – A clean, well maintained, original Testarossa that brought a premium price for its preservation and low miles. The result is a little optimistic, but not by enough to call it expensive.

Lot # 157 2010 Ferrari 599XX Coupe; S/N ZFF69PXX000170902; Red, White / Black; Estimate $1,200,000-$1,500,000; Competition car, original as-raced, 2 condition; Not sold at Hammer bid of $920,000 plus commission of; Final Price $920,000. Track spares, wheels and tires, manuals, documents. – Like new, with no apparent track time. Serviced and run ‘periodically’ while on display only from new. – Is this the sign the bloom is off the 599XX rose after some exceptional sales? Only time will tell.

Lot # 162 1968 Ferrari 330 GTC Coupe, Body by Pininfarina; S/N 11247; Engine # 11247; Rosso Chiaro/Tan leather; Estimate $675,000-$750,000; Older restoration, 2- condition; Hammered Sold at $730,000 plus commission of 10.00%; Final Price $803,000. Chrome spoke Borrani wire wheels, Michelin XWX tires, Becker Europa II AM-FM, P/W, Ferrari Classiche certified. – Excellent paint and chrome. Underbody shows some dust from road use, but the rest of the car is beautiful with slight wear and light creasing of the upholstery. FCA Platinum in 1999, 2006, 2009 and 2013. – Not quite fresh any more but still an outstanding exemplar of one of Ferrari’s and Pininfarina’s most beautiful and satisfying automobiles, the price here represents a leveling-off of ever-expanding 330 GTC values, a good thing.

Lot # 173 1951 Ferrari 212 Export Coupe, Body by Touring; S/N 0088E; Engine # 0088E; Dark Red/Beige; Estimate $3,000,000-$4,000,000; Competition restoration, 2+ condition; Hammered Sold at $2,900,000 plus commission of 10.00%; Final Price $3,190,000. RHD. Chrome spoke Borrani wire wheels, Blockley blackwall tires, Jaeger dash-mounted chronometer. – First owned by Augusto Caraceni, scion of the first family of Italian men’s tailors, described as ‘The Tailor’s Car’. Five Italian owners well documented before coming to the US in the early 60’s, owned since 1969 by the consignor. Freshly restored by marque experts including Charles Betz and Fred Peters, with excellent paint, chrome, interior and engine. Better than new. – A part of the foundation of the Ferrari legend, raced when new and impressively restored without ruining its history or appeal. Its early Italian racing history assures it of serious consideration for the most desirable historic events, it may not keep up with a TdF or 250 GT SWB but it will make serious pace and is a choice classic Ferrari, bought appropriately, and maybe even a little economically. A sound value.

Lot # 176 1967 Ferrari 330 GTC Coupe; S/N 09983; Engine # 09983; Verde Chiaro/Black leather; Estimate $550,000-$700,000; Visually maintained, largely original, 3- condition; Hammered Sold at $600,000 plus commission of 10.00%; Final Price $660,000. Centerlock Campagnolo alloy wheels, Michelin X blackwalls, P/W, Sony cassette stereo, Ferrari Classiche certified. – Good paint and chrome but worn old upholstery with seams pulled on driver’s cushion. Underbody has old undercoat and a fenderwell-fender tab is rusted away. A pretty, but shaky, driver cosmetically restored in Italy in 2010. – Generously price for its condition and the erratic cosmetic restoration. The buyer got a modestly priced 330 GTC, but not a good 330 GTC for the money. This car has no good surprises.

Lot # 191 1988 Ferrari 328 GTB Coupe, Body by Pininfarina; S/N ZFFXA19A9J0078714; Engine # 14889; Red/Tan leather; Estimate $65,000-$75,000; Unrestored original, 3+ condition; Hammered Sold at $75,000 plus commission of 10.00%; Final Price $82,500. A/C, P/W, cassette stereo, Bridgestone tires. – Good original paint and interior appropriate to the 7,133 miles on the odometer and claimed to be from new – Sold at Russo and Steele in Scottsdale in 2011 for $31,350, Originality aside, there is little to support more than doubling the price in the intervening three years.

RM Auctions Arizona 2014 – Auction Report

Lot # 082 1990 Ferrari F40; S/N ZFFMN34A9L0087085; Rosso Corsa/Red cloth; Estimate $800,000 – $1,000,000; Unrestored original, 2- condition; Hammered Sold at $850,000 plus commission of 10.00%; Final Price $935,000 – 2936/478hp, twin-turbo, 5-speed, Pioneer radio. – Seats lightly worn. Otherwise practically as new. Displayed for some time at the Petersen Museum, it has been recommissioned and is ready to be enjoyed as one of the finer examples of this iconic supercar out there. – Sold for $715,000 ten months ago at Gooding’s Amelia Island sale. Although it’s rare to see an F40 with more than a few miles the interior materials and not up to even a little use and quickly show scuffing and abrasion. It’s hard to keep up with the rate of F40-inflation, of which this is a good example.

Lot # 086 1966 Ferrari 330 GT 2+2 SII, Body by Pininfarina; S/N 8251; Engine # 8251; Silver/Black leather; Estimate $260,000 – $300,000; Visually maintained, largely original, 3- condition; Hammered Sold at $280,000 plus commission of 10.00%; Final Price $308,000 – 3967/300hp, 5-speed, triple Webers, Centerlock alloy wheels, Michelin XWX radial tires, Blaupunkt radio. – 84,813 km. Good original chrome and interior. Clean engine bay. Tired original paint and wheels with numerous flaws. The more desirable two headlight version and mechanically sound thanks to the care of only three owners from new, regular service and a ten year old overhaul drivetrain, but in serious need of cosmetic attention. – This 330 GT 2+2 is reassuring in its originality and regular attention which may account for its generous price, but it shows its age and will have to appeal to the limited cadre who have seen too many restored cars and appreciate one that has never been apart and wears its history of use proudly.

Ferraris Sold at Auction in 2014 – Page Two

Lot # 089 1963 Ferrari 250 GT/L Lusso; S/N 5215GT; Engine # 5215GT; Burgundy/Beige leather; Estimate $1,700,000 – $2,000,000; Recent restoration, 2+ condition; Hammered Sold at $2,225,000 plus commission of 10.00%; Final Price $2,447,500 – Marchal lights, chrome spoke Borrani wire wheels, owner’s wallet with manuals, tool roll, Ferrari Classiche certified. – Restored like new seven years ago with excellent paint, interior and chrome. Known history from new. – Sold for $704,000 at Gooding’s Scottsdale auction five years ago in 2009 following its most recent restoration and engine rebuild, this result is nothing less than mind-bending, a 250% increase in five years. Two and a half million dollars would have bought so many rare, exotic and in some cases Mille Miglia eligible Ferraris in the Valley of the Sun this year that this transaction begs understanding. Oh, wait, ‘Follow the crowd’?

Lot # 100 1966 Ferrari 275 GTB, Body by Scaglietti; S/N 08349; Engine # 08349; Cunningham Blue/Ice Blue leather; Estimate $1,750,000 – $2,000,000; Older restoration, 2- condition; Hammered Sold at $1,650,000 plus commission of 10.00%; Final Price $1,815,000 – Centerlock alloy wheels, Michelin XWX tires, original tool roll, jack and owner’s manual; long nose, torque tube. – A solid restoration by Fred Peters and Chuck Betz without going overboard. Good paint, chrome and upholstery in unusual colors. – Not the original color, but a very attractive one compounded especially for Briggs Cunningham’s Ferraris, with the added comfort of a Chuck Betz restoration that looks much more crisp and fresh than its age would suggest and long term Betz and Peters ownership. This is a Ferrari that instills confidence, and it brought a price appropriate to its history.

Lot # 106 1973 Ferrari 365 GTB/4 Daytona; S/N 16355; Red/Black leather; Estimate $475,000 – $525,000; Visually maintained, largely original, 2- condition; Hammered Sold at $505,000 plus commission of 10.00%; Final Price $555,500 – Chrome spoke wire wheels, Comp T/A blackwalls, A/C, Sony cassette stereo, tool roll, jack, books. – An impressive Daytona with a fresh repaint and quality original interior in like new condition with some miles but still in very good cosmetic condition and mechanically orderly. 41,817km from new. – An unusually well preserved Daytona that is presented on a par with restored cars without ever needing restoration. It brought a slight price premium, and could have brought a little more in recognition of its unusual quality and preservation.

Lot # 110 1966 Ferrari 275 GTS; S/N 08353; Engine # 08353; Grigio Fumo/Black leather; Black cloth top; Estimate $1,200,000 – $1,600,000; Cosmetic restoration, 2 condition; Hammered Sold at $1,350,000 plus commission of 10.00%; Final Price $1,485,000 – Chrome spoke Borrani wire wheels, Michelin XWX blackwalls, tool roll, service and owner’s manuals – Clean, well presented engine compartment. Good paint, chrome and interior. Underbody has old, peeled undercoat that has been painted over, a disquieting oversight in an otherwise thoroughly and attractively restored Ferrari with only 11,161 miles from new. – This GTS was red when it was sold by RM at Amelia Island in 2002 for $170,500. It has been transformed, particularly by the repaint in the original Grigio Fumo color, but also by the passage of time which has launched it and other V-12 Ferraris into the stratosphere of values. It’s a question only time will tell, but it’s hard to think it might see another 8.7 times increase in value in the next dozen years.

Lot # 112 1958 Ferrari 250 GT LWB California Spider, Body by Pinin Farina; S/N 1055GT; Engine # 1055GT; Rosso Rubino/Black leather; Black cloth top; Estimate $7,000,000 – $9,000,000; Older restoration, 2 condition; Hammered Sold at $8,000,000 plus commission of 10.00%; Final Price $8,800,000 – Chrome spoke Borrani wire wheels, covered headlights. – Restored in 1994 by European Auto Restoration and looks today as good as it did then. Apparently very sparingly and carefully used and maintained since then, a beautiful example of the early LWB Cal Spider. – It’s impossible not to admire this car for its design, performance, restoration and subsequent care. The odometer shows 2,748 miles, probably since the restoration, 137 miles a year in the two decades that have passed. It deserves more. This result is appropriate for this car, and is an auction record for Arizona, even, I think, inflation adjusted (which is an obsolete consideration when applied to high dollar Ferraris today.)

Lot # 126 1986 Ferrari 328 GTS, Body by Pininfarina; S/N ZFFXA20AG0062781; Azzuro Blue/Beige leather; Estimate $65,000 – $85,000; Unrestored original, 2 condition; Hammered Sold at $120,000 plus commission of 10.00%; Final Price $132,000. No Reserve – A/C, alloy wheels, Alpine cassette. – Crisp, sharp, clean original car with 9,079 miles owned until recently by its first owner, hot rodder James Khougaz. Excellent paint and interior. Vinyl roof panel is very good. Recently serviced including timing belts. A very well kept original 328 finished in a great color that isn’t red. – It’s time to replace the original tires, even if they aren’t cracking, although they’re better left on the original wheels and hermetically sealed to be brought out and proudly displayed for preservation judging. Continued preservation is the only possible way to explain this price, an astounding premium over the usual $50-60,000 values of even the best 328 GTSs.

Barrett-Jackson Scottsdale 2014 – Auction Report

Lot # 5072 1991 Ferrari F40; S/N ZFFMN34A2M0087589; Black, /Black; Modified restoration, 2 condition; Hammered Sold at $675,000 plus commission of 10.00%; Final Price $742,500. With Reserve– Tubi exhaust, upgraded turbos, aluminum flywheel, Kevlar clutch, HRE wheels, Penske shocks, LED lights. – This is the famed Gas Monkey Garage F40, modified and rebuilt from a trailer full of parts. Extensively documented and vehemently maintained by Richard Rawlings and Dennis Collins to be better and more precisely jigged and squared than factory specs. – Balanced on the knife blade of credibility, this price reflects both the checkered history of this F40, its menacing black appearance and its TV-exposed notoriety. Ownership represents something of a risk (although at least this isn’t the usual ‘get it done in 7 days’ Gas Monkey stunt) but since F40s rarely get driven the celebrity nicely balances the risks at this price.

Lot # 5073 2013 Ferrari 458 Italia Spider; S/N ZFF68NHA3D0190784; Black, /Cream leather; Unrestored original, 2- condition; Hammered Sold at $295,000 plus commission of 10.00%; Final Price $324,500. No Reserve– Yellow calipers, SF shields, carbon ceramic brakes. – Driver’s seat lightly scuffed and wheel well lips sand and stone chipped. Electronic odometer couldn’t be read, but on the visual evidence this Ferrari has had more than minimal use and the description makes no reference to service history or CarFax. – Buying a late model high performance car like this at auction is fraught with risks. At this price, though, the buyer was apparently satisfied with whatever information was available. Similar cars are available in FML for comparable money from recognized dealers with reputations to nurture.

Lot # 5074 1986 Ferrari Testarossa Convertible, Body by Straman; S/N ZFFSA17A7G0065417; Black, /Black leather; Original, with non-original appearance items, 3+ condition; Hammered Sold at $67,000 plus commission of 10.00%; Final Price $73,700. No Reserve– A/C, 5-spoke alloy wheels, Michelin X radials. – Road & Track cover car, used in a Pepsi ad with Michael Jackson, 17,509 miles. Some paint flaws and worn surface cracked upholstery. A sound used car that is represented to have been Auto Gallery LA serviced a year ago. – Offered at Auctions America’s Burbank auction in early August with a reported high bid of $68,000. Does a cover shot on R&T or a cameo with Michael Jackson somehow make this cut Testarossa worth $10-20K more than its berlinetta sibling? The seller apparently thinks so, and the bidders here nearly matched the declined bid in Burbank. It’s definitely different among Testarossas, but expensive.

Ferraris Sold at Auction in 2014 – Page Three

Lot # 5080 1998 Ferrari F300 Formula 1; S/N 183; Red, /Black; Restricted Access, not viewed closely, 2 condition; Hammered Sold at $1,700,000 plus commission of 10.00%; Final Price $1,870,000 – Test car driven by Michael Schumacher and Eddie Irvine; no actual race results. – Restored by Ferrari and like new. – Sold by RM in London in October 2012 for $646,000, offered at the Motostalgia auction in Austin during USGP weekend in November with a reported high bid of $900,000 and sold here for an eye-watering, amazing price that displays a nearly complete ignorance of recent Ferrari F1 values among the Barrett-Jackson bidders. Auction lightning struck here with a price sufficient to buy two F300 T-cars with enough left over for a couple years of Corse Clienti coddling.

Gooding & Company Scottsdale 2014 – Auction Report

Lot #7 1985 Ferrari 288 GTO; S/N ZFFPA16B000052475; Red/Black leather; Estimate $1,250,000 – $1,600,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $1,275,000 plus commission of 10.00%; Final Price $1,402,500 – Clarion cassette, P/W. – Clean but visibly used although without nose or fenderwell lip chips. Scuffed driver’s seatback. Grey market car converted to US and California emissions. – For a long time 288 GTOs were under appreciated, especially when considered along with the later and more powerful F40, F50 and Enzo. That seems to have changed, a good thing for people who appreciate their advanced technical and engineering features and are prepared to deal with a ridiculously fast, lightweight Ferrari with minimal automatic driver interferences. This result is representative.

Lot #11 1971 Ferrari 365 GTB/4 Daytona, Body by Pininfarina; S/N 14643; Engine # B1312; Red/Black leather; Estimate $500,000 – $600,000; Cosmetic restoration, 3+ condition; Hammered Sold at $590,000 plus commission of 10.00%; Final Price $649,000 – Centerlock alloy wheels, Pirelli P4000 tires, Blaupunkt cassette stereo, P/S added, tools and manuals. – Good paint, interior and chrome. 37,185 miles. Engine is orderly and clean but not as good as the outside and hasn’t been restored. As a driver, though, it’s hard to beat. – Daytona values, if this transaction is any indication, are starting to feed off fancier and more rare Ferraris. Who knows where it ends?

Lot #14 1956 Ferrari 410 Superamerica Series I Coupe, Body by Pinin Farina; S/N 0475SA; Engine # 0475SA; Red/Natural leather; Estimate $2,250,000 – $2,750,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $3,000,000 plus commission of 10.00%; Final Price $3,300,000 – Chrome spoke Borrani wire wheels, Excelsior blackwall tires, Marchal head and fog lights, Talbot outside mirrors. – Sound paint with some checking, good chrome and interior. The painter overlooked the windshield posts when wet sanding, and who knows what else? Seats are later, but the preserved originals come with the car. Owned many years by gunsmith Stan Baker. Chassis is oily from use, engine compartment is orderly and clean but aged. Never restored, just carefully maintained from the late 60’s to the present by Baker and Ken McBride. A driver quality Ferrari that’s been driven. – That should say, ‘driven as it should be.’ A choice Ferrari, not only because of its originality and continuous history of caring owners with the determination and resources to keep up with its needs but also because it’s one of just 16 Series I 410 Superamericas. It is impossible to argue with this result, even a bit over the generous Gooding & Co. estimate.

Lot #25 1973 Ferrari 246 GT Dino Chairs and Flares, Body by Pininfarina; S/N 4946; Ice Blue/Tan leather, Black stripes; Estimate $425,000 – $475,000; Recent restoration, 2 condition; Hammered Sold at $430,000 plus commission of 10.00%; Final Price $473,000 – Chairs and Flares, P/W, Campagnolo alloy wheels, Michelin XWX tires, Becker Mexico cassette stereo. – Freshly restored in 2012 by Jon Gunderson with new, excellent cosmetics. Even gaps and flat panels. Underbody like new. Believed to be one of only five US-spec Chairs and Flares 246 GTs. – $649,000 for the largely original Daytona Lot 11, $473,000 for this accurately restored Chairs and Flares Dino? Some equilibrium has been re-established to the Ferrari market when Daytonas are worth more than Dinos, even at this Dino price.

Lot #29 1961 Ferrari 250 GT Coupe Speciale, Body by Pininfarina; S/N 2821GT; Engine # 2821; Ice Blue/Blue leather; Estimate $2,400,000 – $3,000,000; Recent restoration, 2+ condition; Hammered Sold at $2,150,000 plus commission of 10.00%; Final Price $2,365,000 – Chrome spoke Borranis, Dunlop blackwall tires, outside plug engine, disc brakes. – Erratic design with the 250GT nose and a sexy, curved greenhouse and tail in the coupe aerodinamica style, a car that looks ordinary from the front and seductive from the back although the low, chunky rear bumper belongs on an impostor. Freshly restored better than new. Excellent paint, chrome and interior. Fresh and sharp underbody. Pebble Beach 2001 class winner, 2002 FCA National Platinum and no worse for the passage of a dozen years than it was then. Impressive provenance including Lorenzo Zambrano and John Mecom, Jr. – This car should always be photographed from a high rear three-quarter angle that misses the 250GT nose, minimizes the chunky bumper and taillights and emphasizes the cute derriere. The coachbuilt 250GT enjoyed hype and brought a superior price for a car that will, seen approaching on the road, be dismissed by all but the most discerning onlookers as ‘just another 250 GT’ until it passes and they do a quick double-take at the shapely posterior.

Lot #39 1958 Ferrari 250 GT Cabriolet SI, Body by Pinin Farina; S/N 0791GT; Engine # 0791GT; Metallic Dark Blue/Natural leather; Black cloth top; Estimate $4,000,000 – $5,000,000; Cosmetic restoration, 3 condition; Hammered Sold at $5,600,000 plus commission of 10.00%; Final Price $6,160,000 – Chrome spoke Borrani wire wheels, blackwall Michelin X tires, Marchal head and fog lights, covered headlights, updated with factory fitted disc brakes – One of 40 250GT Series I Cabriolets, described as fitted with a later Ferrari-supplied new outside plug engine stamped 0761GT by Chinetti. First owned by Buck Fulp, later by Bob Donner who drove it 11 times in the Colorado Grand. Restored to high standards of fit and finish in 1975. Orderly but lightly aged underhood. Old undercoat has peeled and been painted over. A classy car that’s had classy owners who looked after it properly and sympathetically. – How much does ‘non-original engine’ count? From this breathtaking result (for a car in no way ready for a top rank concours or Ferrari event) it would seem not to be much. On the other hand, the combination of the Series I Pf Cabriolet (a better trimmed Cal Spider) and an impressively benign history is a compelling inducement to spending generously.

Lot #43 1979 Ferrari 512BB Berlinetta; S/N 27167; Engine # F102B00000375; Red, Black sills/Black leather, Red stripes; Estimate $180,000 – $220,000; Visually maintained, largely original, 3 condition; Hammered Sold at $170,000 plus commission of 10.00%; Final Price $187,000. No Reserve – Blaupunkt stereo, Cromodora centerlock alloy wheels, blackwall Michelin XWX tires, original owner’s manual, Amerispec federalized. – Mediocre repaint over old paint, erratically detailed. Good interior. 15,706km. – Believers that the Ferrari juggernaut will not soon (if ever) end should be crowding into carbureted 365 Boxers like this. Not a very attractively presented car, but sound and reasonably original, it has upside even at this market price today (for an owner who can afford the upkeep.)

Lot #50 1972 Ferrari 365 GTC/4, Body by Pininfarina; S/N 15773; Metallic Dark Grey/Black leather; Estimate $175,000 – $225,000; Visually maintained, largely original, 3 condition; Hammered Sold at $225,000 plus commission of 10.00%; Final Price $247,500. No Reserve – Chrome spoke Borrani wire wheels, Tiger Paw blackwall tires, Blaupunkt cassette stereo, P/W. – Flawed, corner cracked clear coat repaint. Decent chrome and interior. Flawed body color side window frame paint. Just a car. – Bonhams offered this C/4 at Quail Lodge in 2002 with a high bid of $50,000. Fourteen years later it has 587 more miles on the odometer, and is neither better nor worse in condition. It was ‘just a car’ then and it’s no more now, just roundly $200 thousand more expensive, really expensive.

Ferraris Sold at Auction in 2014 – Page Four

Lot # 109 1973 Ferrari 246 GTS Dino; S/N 05724; Rosso Cordoba Metallizato/Beige leather; Estimate $350,000 – $450,000; Recent restoration, 2+ condition; Hammered Sold at $390,000 plus commission of 10.00%; Final Price $429,000 – A/C, P/W, Cromodora alloy wheels, Michelin X tires, original books and tools. – Freshly restored, excellent paint, chrome and interior. 2012 FCA Platinum winner with sub-200 miles since the restoration. – This is a bit of a quandary, a beautifully restored Dino 246 GTS in its original unusual color, judged Platinum by the experts at FCA. So why isn’t it, in line with other egregiously expensive Dinos, more expensive? On the surface, as Dinos have been valued recently, this is a modest result. Not a ‘good value’, mind you, but not ‘expensive’, either.

Lot # 128 1952 Ferrari 212 Inter Coupe, Body by Vignale; S/N 0257EU; Engine # 0257EU; Black, Metallic Green roof/Green leather; Estimate $1,700,000 – $2,200,000; Recent restoration, 2+ condition; Hammered Sold at $1,625,000 plus commission of 10.00%; Final Price $1,787,500 – RHD. Chrome wire wheels, Dunlop Road Speed tires, tool kit, original owner’s manual. – First owned by Leader Card racers’ owner Bob Wilke, Jr. Freshly restored to better than new condition with much better paint, chrome and interior. Exceptionally well and sympathetically restored. Cavallino Classic Platinum in 2013, shown at Pebble Beach last August. Represented as re-united with its original engine before the most recent restoration. – Sold by RM at Monterey in 2007 for $495,000 before the most recent restoration and discovery and rebuild of the original engine, the $1.2 million increment since then is largely, if not more than, justified by the effort that gone into its superlative and accurate presentation here. This is one spectacular Ferrari by Vignale that will more than hold its own wherever it appears. Compared with a Lusso, this is a great value.

Lot # 149 1967 Ferrari 330 GTS, Body by Pininfarina; S/N 9343; Engine # 9343; Celeste Blue/Dark Red leather; Estimate $2,000,000 – $2,400,000; Unrestored original, 4- condition; Hammered Sold at $1,875,000 plus commission of 10.00%; Final Price $2,062,500 – Borrani wire wheels, Dunlop SP blackwall tires, P/W – Dirty, scruffy neglected barn find. Missing heater vents, engine belts and hoses and heaven knows what else. Lightly toasted bodywork from an engine fire, but the body is solid with no evidence of rot. One of 99 built. First owned by Dr. Samuel Scher, the pioneering collector who nearly single-handedly invented concours-quality restorations in the Fifties and Sixties. Stored as-found since 1969, engine is free. – The restoration it will soon experience is not free. Far from it. This is no preservation class car (although some were bandying about the idea of that interim step before restoration). What is important is that it brings recognition of Dr. Scher and his contribution to the whole idea of car collecting and restoration to the attention of today’s car collectors. His was a concept – perhaps based in his experience as the pre-eminent Park Avenue cosmetic surgeon of the Fifties and Sixties – that has shaped everything today’s collectors see and do: bringing a car back to the way it was, or might have been, when new. This 330 GTS deserves the same, if only as a tribute to Dr. Samuel L. Scher. Its price here is largely irrelevant.

Lot # 152 1972 Ferrari 246 GT Dino; S/N 03978; Yellow/Black leather; Estimate $250,000 – $300,000; Cosmetic restoration, 2- condition; Hammered Sold at $265,000 plus commission of 10.00%; Final Price $291,500 – Cromodora alloy wheels, Michelin XWX tires, no radio, A/C or P/W. – Good recent paint, chrome and new interior after a decade and a half as a partially finished restoration project. Underbody is superficially redone over old undercoat. – The Gooding Scottsdale bidders didn’t like this Dino very much, nor should they. It brought a realistic price in the current frothy Dino environment for its superficial cosmetic redo to attractive driver quality standards.

Mecum Kissimmee 2014 – Auction Report

Lot # F177 1993 Ferrari 512 TR; S/N ZFFLG40A8P0096223; Red, /Tan leather; Unrestored original, 2- condition; Hammered Sold at $105,000 plus commission of 8.00%; Final Price $113,400 – 18 inch 5-spoke alloy wheels, Pirelli PZero tires, A/C. – 9,816 ‘believed to be … original miles.’ Nothing about the 512 TR contradicts that statement, however. Good original paint, driver’s seat lightly stretched and bolster barely scuffed. Engine out belt service seven months ago. An unusually clean and barely used example with a clean CarFax. – Almost pristine and based on both observations and the seller’s statements about as good as a 512 TR can be, an evaluation confirmed by the price it brought.

Lot # F299 2002 Ferrari 360 Spider; S/N ZFFYT53AX20129427; Silver, /Black leather; Unrestored original, 3+ condition; Not sold at Hammer bid of $75,000 plus commission of; Final Price $75,000 – F1 gearbox, 5-spoke alloy wheels, Bridgestone blackwall tires. Assembly number 46614. Motronic ECU upgrade, Chip guarded nose and mirrors. – No mention of miles, but from the interior and steering wheel wear it is more than a few. – Deservedly overlooked by the Kissimmee bidders.

Lot # S024.1 2003 Ferrari 360 Spider; S/N ZFFYT53A030132600; Argento Nürburgring, /Black leather; Black cloth top; Unrestored original, 2- condition; Hammered Sold at $80,000 plus commission of 8.00%; Final Price $86,400 – Assembly number 49669. Chip guarded nose and mirrors, SF shields, PZero tires. – Clean car with 10,000 miles. – Ferrari continues to perfect its mainstream cars, even to the point of making them user-friendly. This is half of the original sticker price and can be expected to continue to decline but offers the new owner a nearly unsurpassed driving experience and the opportunity to show off both the car and the buyer’s good sense in getting a good, well maintained example at a price that makes more than a little sense.

Lot # S079 2007 Ferrari 430 Coupe; S/N ZFFEW58A970154314; Black, /Beige leather; Unrestored original, 2- condition; Not sold at Hammer bid of $115,000 plus commission of; Final Price $115,000 – Yellow calipers, SF shields, Daytona seats, built in radar detectors. – 15,000 mile car with new clutch and fluid service. Nearly bald rear tires. Chip guarded nose. – Used, with only depreciation in store for its value curve, it could have been sold well under six figures without being a great value.

Lot # S086 2003 Ferrari 360 Modena F1; S/N ZFFYU51A030130541; Azzuro California Blue, Grey stripes/Black leather; Unrestored original, 2 condition; Hammered Sold at $77,000 plus commission of 8.00%; Final Price $83,160 – F1 6-speed, P/W, alarm, power seats, tools. – No visible wear at all and new tires. Stated to be 14,000 miles from new. – For the money, the 360 Spider sold earlier is a better value.

Bonhams Paris 2014 – Auction Report

Lot # 367 1968 Ferrari 275 GTB/4 Berlinetta; S/N 10905; Engine # 10905; Metallic Blue/Beige leather; Estimate $2,856,840 – $3,537,040; Older restoration, 2 condition; Hammered Sold at $2,624,192 plus commission of 15.00%; Final Price $3,017,820 – Chrome spoke Borrani wire wheels, Michelin X blackwall tires. – Freshly restored by Bob Houghton Ltd in England, completed last summer. Very good paint, chrome and upholstery. Tidy and correct engine compartment. Body panels could have been blocked flatter but it is still well restored. Documented ownership history from new. – An exceptionally nice 4-cam, at an exceptionally good post-block price.

Ferraris Sold at Auction in 2014 – Page Five

Lot # 394 1965 Ferrari 330 GT 2+2, Body by Pininfarina; S/N 7059; Silver/Blue leather; Estimate $204,060 – $272,080; Older restoration, 3+ condition; Hammered Sold at $190,456 plus commission of 15.00%; Final Price $219,024 – Chrome spoke Borrani wire wheels, Pirelli P77 blackwall tires, quad lights. – Very good older paint, chrome and interior from a 2000 restoration in Italy. Oxidized wheel rims deserve attention. Underbody has new undercoat. – There was a time, not so far in the past, when quad headlight 330 GT 2+2s were five figure cars, the appeal of their 4-liter V-12s offset by their chunky 2+2 coachwork. Now they seem to be on the same upward price trajectory as 330 GTCs. This result is coincident with the rapidly climbing curve.

Lot # 408 1984 Ferrari 126 C4 M2 Formula 1; S/N 072; Red/Beige leather; Estimate $544,160 – $816,240; Competition restoration, 2- condition; Hammered Sold at $571,368 plus commission of 15.00%; Final Price $657,073 – Raced three times in 184 by Michelle Alboreto, dnf in Brazil, 12th in South Africa and 7th in Monaco. Clean, sharp, attractive and race-ready. 2009 Goodwood stickered. Invited to the March 2014 Goodwood ‘Members Meeting’. Not fresh but very orderly. Comes with assorted spares including two incomplete engines. Ferrari Classiche certified. – Twelve year ago Bonhams offered this Ferrari at Gstaad where it no-saled at $196,422. It has been gone through since and is reassuringly presented. While it’s tempting to turn up the turbos to their full qualifying boost and 1000+ horsepower, the race boost and 650hp is probably enough to make for a fun afternoon. The first cost of buying it, however, is only a fraction of what it’ll cost to run it a few times a year and replace life-limited components.

Lot # 425 2003 Ferrari 456GT Modificata Coupe; S/N ZFFWP44B000130508; Silver-Grey/Grey-Blue leather; Estimate $40,812 – $54,416; Unrestored original, 2 condition; Hammered Sold at $76,182 plus commission of 15.00%; Final Price $87,610 – 6-speed, Becker Traffic Pro stereo, A/C. – Unchipped paint, barely creased seats. Underbody shows some road dirt, but not much. 10,570km from new. – Something’s missing here. The 456 was superseded in 1999 by the 550, so where does this 456 M fall as a 2003 model?

Lot # 426 2004 Ferrari 575M Maranello Coupe; S/N ZFFBT55B000137515; Metallic Black/Cognac leather; Estimate $74,822 – $88,426; Unrestored original, 2- condition; Hammered Sold at $74,822 plus commission of 15.00%; Final Price $86,045 – 6-speed, Ferrari sound system, red calipers, modular wheels. – Clean, unchipped paint, barely worn seats. Clean used car. – Just a used car, but what a used car. The question that remains is where the depreciation curve bottoms out. It can’t be much below this.

Lot # 429 1978 Ferrari 308 GTB; S/N 26007; Engine # F106AL4453; Red/Black leather; Estimate $40,812 – $54,416; Visually maintained, largely original, 3 condition; Hammered Sold at $40,812 plus commission of 15.00%; Final Price $46,934 – Alloy wheels, Touring 2000 tires, A/C, Becker Europa cassette stereo, P/W, SF shields. – Good older repaint and original interior. Outie stars and painted over crack on rear deck. A reasonable driver, except for the no name tires. US-delivered, subsequently converted to European specs, cam belts four years ago. – Four years (even 500 miles) ago is long enough for the cam belts in a 308 GTB. That makes the price it brought here faily generous, especially with 97,501 miles on the odometer.

Lot # 442 1978 Ferrari 400iA 2-Dr. Sedan; S/N 24705; Engine # F101C0000204; Metallic Brown/Beige leather, Brown inserts; Estimate $25,848 – $34,010; Visually maintained, largely original, 3 condition; Hammered Sold at $25,848 plus commission of 15.00%; Final Price $29,725 – Automatic, Blaupunkt cassette stereo, P/W. – Cracked dash top, soiled interior, decent clearcoat repaint. Original underbody. Orderly engine compartment. – Blow the baffles out of this Ferrari’s 4.8 liter engine’s exhaust system and it’ll sound, and largely go, like a Daytona. It will, on the other hand, never be worth a lot of money despite the relaxed driving the GM Hydramatic automatic transmission offers. A car for drivers, and with this result being representative of 400iA values, who appreciate the dynamics and not the posturing. Right money, but more car than collectors give it credit for being.

Lot # 443 1984 Ferrari Mondial QV, Body by Bertone; S/N ZFFL014B000050997; Carbon Black/Cream leather; Estimate $25,848 – $29,929; Visually maintained, largely original, 3 condition; Hammered Sold at $19,046 plus commission of 15.00%; Final Price $21,902 – Alloy wheels, Michelin X tires, Sharp multiband radio, A/C. – Loose right door panel. Decent clear coat repaint, clean, lightly stretched upholstery. Bumper has been lightly hit, left front fender filler pushed out of alignment. – This is serious value in an underappreciated Ferrari although without documentation of engine service promises some significant maintenance expenses before it’s ready to be driven with risking its valve stems and piston tops. The price it brought reflects the lack of service documentation and appropriately handicaps its needed service.

RM Auctions Paris 2014 – Auction Report

Lot # 8 1970 Ferrari 365 GT 2+2, Body by Pininfarina; S/N 12861; Engine # 12861GT; White/Black leather; Estimate $121,671 – $175,747; Visually maintained, largely original, 3- condition; Hammered Sold at $141,950 plus commission of 12.00%; Final Price $158,983. No Reserve – Centerlock alloy wheels, Blaupunkt Mannheim cassette stereo, P/W. – Cracked, musty-smelling old upholstery, old blue carpets. Quick repaint, like a used refrigerator. Dirty and aged underhood. An aged and neglected Ferrari with a mediocre fresh repaint. – A disappointing bought for a price that belies what it will cost to make it into a Ferrari the new owner will be proud to own and drive.

Lot # 12 1974 Ferrari 365 GT4 BB, Body by Pininfarina; S/N 18159; Red/Tan leather; Estimate $162,228 – $202,785; Visually maintained, largely original, 3 condition; Hammered Sold at $226,443 plus commission of 12.00%; Final Price $253,616 – RHD. A/C, P/W, centerlock Cromodora wheels, Goodyear Eagle tires. – Stored for almost two decades and not mechanically recommissioned .Paint blistering on both front fenders. Driver’s seat lightly soiled. Dashtop dried out. Old undercoat. A sound but aged BB. – The Berlinetta Boxer is an important transition for Ferrari that has been largely overlooked as collectors’ interest focused on earlier front engine V12s and later 288 GTO, F40, F50 and Enzo. That oversight seems to be in the process of being addressed, if this generous price for a car in dire need of extensive mechanical and cosmetic attention is any guide.

Lot # 21 1971 Ferrari 246 GT Dino; S/N 02572; Fly Yellow/Black vinyl, Yellow cloth; Estimate $243,342 – $297,418; Visually maintained, largely original, 3- condition; Not sold at Hammer bid of $229,823 – Voxson 8-track stereo, Prototipo leather rim steering wheel, Cromodora alloy wheels, Carello headlight covers. – Repainted over filled sills and door bottoms. Awful coarse weave Yellow seat inserts, oily engine, underbody painted over old undercoat. Expect no pleasant surprises from this Dino. – It should have been on the market well before the reported high bid. [Photo courtesy RM Auctions, © 2013 Tiphaine Lanvin.]

Ferraris Sold at Auction in 2014 – Page Six

Lot # 27 1955 Ferrari 750 Monza Spider, Body by Scaglietti; S/N 0498M; Red/Tan leather; Estimate $2,433,420 – $2,838,990; Competition restoration, 2 condition; Hammered Sold at $2,365,825 plus commission of 12.00%; Final Price $2,649,724 – RHD. Silver painted wire wheels, Dunlop Racing tires, driver’s windscreen, covered passengers seat, driver’s head fairing, original body included. – Fifth overall at Sebring 1955 driven by Piero Taruffi and Harry Schell for Luigi Chinetti then sold to George Tilp who put Phil Hill in it for a successful 1956 season in SCCA. Next owned by Jack Hinkle and raced by him and Paul O’Shea. Later owned by A.D. Logan and driven by Carroll Shelby and Ray Jones. Still later owned and raced by E.D. Martin. Sold to Australia in 1998 in derelict condition and restored there with the present new body with 625 GP engine 006. Restored like new with complete new body and includes the stripped and pieced together original body on a complete replica frame. – A hugely important, beautifully bodied 4-cylinder Ferrari with plenty of period racing history to make it a welcome addition at any event. And it would be easy to build a second one (in the event there’s a spare 4-cylinder Lampredi engine sitting around the shop) with the new body and frame. It is a good value at this price.

Lot # 44 2010 Ferrari 599XX; S/N ZFF69PXX000170354; Red, Matte Grey roof/Black cloth; Estimate $1,081,520 – $1,487,090; Unrestored original, 2 condition; Not sold at Hammer bid of $912,533 – 5,999cc/730hp, F1 sequential 6-speed, active aerodynamics, A/C. – 600 miles, used only for pre-delivery testing and one track event. Little if any use. Driver’s seat is virtually new. Tire sidewalls are badly cracked. Paint and splitter are unmarked. Not updated with the 750hp enhanced aerodynamics Evoluzione package (necessary to participate in current Corse Clienti track events.) – The prospect of facing re-commissioning costs and an expensive update to Evoluzione cast a pall on this 599XX and goes a long way toward explaining why the Place Vauban bidders failed to get sufficiently excited about it.

Artcurial Paris Retromobile 2014 – Auction Report

Lot # 319 1964 Ferrari 330 GT 2+2, Body by Pininfarina; S/N 5831; Engine # 5831; Red/Black leather; Estimate $129,333 – $170,175; Visually maintained, largely original, 3- condition; Hammered Sold at $127,186 plus commission of 16.00%; Final Price $147,536 – Chrome spoke Borrani wire wheels, Michelin X tires. – Sound but erratically masked repaint over several layers of old paint visible in the touched up chip on the passenger’s door. Scuffed trim and bumper chrome, creased and worn old interior upholstery and trim. Old undercoat in wheelwells. Only just barely good enough to be an acceptable driver. – A tired and generally unattractive Ferrari, bought for a generous price for its condition.

Lot # 321 1953 Ferrari 166 MM/53 Barchetta, Body by Oblin; S/N 0300M; Engine # 0300; Matte Charcoal, Dark Red stripe/Black leather, White piping; Estimate $3,948,060 – $4,764,900; Competition restoration, 2+ condition; Post-block sale at $3,161,473 plus commission of 13.03%; Final Price $3,573,524 – RHD. Chrome spoke outside laced Borrani wire wheels, period style Michelin tires, full width windscreen, two seats, driver’s head fairing, Marchal headlights and grille mounted fog lights, outside fuel filler. Internal engine number 296. – Originally coupe bodied by Vignale, raced by first owner Jacques Herzet through 1953 including winning the Liege-Rome-Liege rally teamed with Lucien Bianchi. Rebodied for Herzet by Martial Oblin for 1954 with the present barchetta coachwork, displayed at Geneva show in 1955. Later owned for many years by Dr. Lou Selz in Florida including twice in the MM Storica. Meticulously and thoroughly freshly restored restored and better than new. Comes with copies of the original Ferrari build sheets, tools in the original wood box, full tool roll. Original chassis, engine, gearbox, rear axle. Beautiful and unique, with a solid racing history. – Came up short on the auction block but concluded during the auction with this result, a modest price for its history, performance, provenance, condition and the welcome entry it will be in any event.

Lot # 338 1958 Ferrari 250 GT Pf Coupe Se I, Body by Pininfarina; S/N 0997GT; Engine # 0997; Dark Red/Black leather; Estimate $408,420 – $544,560; Cosmetic restoration, 3+ condition; Hammered Sold at $449,262 plus commission of 16.00%; Final Price $521,144 – Chrome spoke Borrani wire wheels. – Dull wheel rims, creased and stretched driver’s seat upholstery, passenger’s is lightly used. Good paint and chrome. Underbody still has its old undercoat. An attractive older cosmetically restored 250 GT. – Not so long ago this much money would have bought a Lusso, now it’s the expected result for a Series I Pininfarina coupe. The quality of the work done some time ago by Francois Sicard in the U.S. is apparent from the way the car is standing up and gives positive prospects for the new owner.

Lot # 339 1964 Ferrari 500 Superfast Coupe, Body by Pininfarina; S/N 5981; Engine # 5981; Ice Blue/Dark Blue leather; Estimate $2,042,100 – $2,450,520; Cosmetic restoration, 3+ condition; Not sold at Hammer bid of $1,769,820 – Chrome spoke Borrani wire wheels, Michelin XWX blackwall tires, P/W, Blaupunkt multiband radio, open headlights, no outside mirror. – Good recent clearcoat repaint, chrome and interior. Inner wheelwell panels have been done, but not the underbody, which still has old undercoat. Original seats are lightly creased from use and age but are sound and highly presentable.. – Offered by Sotheby’s at the first Maranello auction in 2005 with a reported high bid of $413,474. Subsequently restored in Germany to the present high standards of fit, finish and function retaining the original interior. The restoration can’t have been inexpensive, but it pales in the context of the, entirely reasonable, bid here.

Lot # 340 1985 Ferrari 156/85 Formula 1; S/N 086; Red/Beige suede; Estimate $680,700 – $748,770; Competition restoration, 3 condition; Not sold at Hammer bid of $408,420 – Ferrari Classiche certified. – Driven in 1985 by Stefan Johannson, best finish 4th at Kyalami. Not fresh, but orderly and showing some track use. Engine rebuilt by Ferrari F1 Clienti in 2008. – Turbo-era F1 cars are not user-friendly, but they’re more user-friendly than the reported high bid here gives them credit for, even with limited GP results.

Lot # 344 1974 Ferrari 365 GT4 BB, Body by Pininfarina; S/N 17993; Red, Black sills/Black leather; Estimate $95,298 – $149,754; Visually maintained, largely original, 3- condition; Hammered Sold at $299,508 plus commission of 16.00%; Final Price $347,429. No Reserve – A/C, Radiola cassette stereo, Michelin XWX tires, manuals and tools. – Flawed, tired, scratched old repaint, worn but sound original interior. Highly original, honest and never messed up, with the undeniable charm of patina, maybe even a little too much patina. Estate of Albert Prost. – The estimate range is as far off the mark as the price at which this 365 GT4 BB got hammered sold, a result that has little connection to its condition. It is expensive, even among today’s blossoming Ferrari values.

Lot # 348 1970 Ferrari 365 GTB/4 Daytona Coupe; S/N 13313; Silver-Grey/Black leather; Estimate $340,350 – $408,420; Visually maintained, largely original, 3- condition; Hammered Sold at $490,104 plus commission of 16.00%; Final Price $568,521 – Centerlock allay wheels, Michelin XWX tires, A/C, P/W. – Fresh clearcoat paint job with minor flaws, otherwise a tired original car appropriate to the 48,571 km on the odometer. Sound, appealingly worn original interior. Dented deck lid, dead hood struts. Bought by the Albert Prost in 1980. Albert Prost estate. – A sound, highly original Daytona out of extended ownership by Albert Prost where it received what it needed for over three decades. The bidders appropriately handicapped the conflicting considerations of originality and long term ownership with the age and many years of sitting in the Prost collection after his 2002 death in a flying accident.

Ferraris Sold at Auction in 2014 – Page Seven

Lot # 427 1968 Ferrari 365 GT 2+2; S/N 11675; Engine # 11675GT ;, /; Estimate $108,912 – $163,368; Visually maintained, largely original, 3 condition; Hammered Sold at $206,933 plus commission of 16.00%; Final Price $240,042 – Centerlock alloy wheels, A/C, P/W, P/S, P/B, Blaupunkt multiband radio. – Good clearcoat repaint, reupholstered front seats and original rears. Engine compartment is clean and orderly. Underbody is dry and original. A reasonably attractive driver. Blaton Family collection. – A generous price but for a high quality Queen Mother with quality provenance. With far better performance and more seductive lines than 330 GT 2+2s and 250 GTEs, even at this generous price it is still, relatively speaking, a sound acquisition.

Auctions America Fort Lauderdale 2014 – Auction Report

Lot # 195 1987 Ferrari Testarossa; S/N ZFFAA17B00069441; Engine # 00265; Red/Tan leather; Unrestored original, 3 condition; Not sold at Hammer bid of $55,000 plus commission of; Final Price $55,000 – Centerlock alloy wheels, blackwall Eagle tires, A/C, maintenance records, books and tools. – Grey market with Ferrari of Boston sticker. Good original paint with a few edge chips and dimples. Sound, lightly stretched original interior, dusty, lightly oiled engine compartment looks like the engine has been out. Car card says 29,000 miles but odometer reads 40,254 and is clearly labeled ‘Miles’. – The consignor can be forgiven for thinking this two owner well-maintained Testarossa is worth more than the reported high bid, but would not have been criticized for accepting it.

Lot # 553 2006 Ferrari F430 F1 Spider; S/N ZFFEW59A260148741; Yellow/Black leather; Unrestored original, 2 condition; Hammered Sold at $112,500 plus commission of 10.00%; Final Price $123,750. No Reserve – Manettino steering wheel, satin chrome 19 inch wheels, SF shields, chip guarded nose, Assembly Number 65969, clear engine cover. – Exceptionally clean and orderly, belying the reported 12,000 miles. – From a cost of roughly $200K when new this result represents modest depreciation that reflects the continuing appeal of the F430, particularly in Fly Yellow. and is a modest discount from the asking prices of dealers. A superb road car, the new owner’s downside risk is largely dependent on Ferrari’s replacement for the current F458: if it’s dramatically different in appearance the values of older models will sink like a stone. Until then enjoy the ride.

Lot # 586 1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Pininfarina; S/N 16393; Red/Beige leather, Red stripes; Older restoration, 2- condition; Hammered Sold at $550,000 plus commission of 10.00%; Final Price $605,000 – Centerlock grey painted alloy wheels, Michelin X tires, Becker Mexico cantle stereo, A/C, Nardi woodrim steering wheel, headrest seats, painted nose panel. – Good older paint, chrome and interior. Clean, orderly engine compartment. A tidy and lightly used older restoration. – This is an honest, straightforward Daytona with no pretenses of magnificence, just a good, clean, lightly used car. It brought exactly what it should have here in Ft. Lauderdale.

RM Auctions Amelia Island 2014 – Auction Report

Lot # 112 1972 Ferrari 365 GTC/4; S/N 15859; Blue Ribot/Beige leather; Estimate $225,000 - $275,000; Cosmetic restoration, 2 condition; Hammered Sold at $305,000 plus commission of 10.00%; Final Price $335,500. No Reserve – Cromodora centerlock alloy wheels, Becker Europa AM-FM, A/C, – Very good new paint and new interior. Engine is clean and carefully detailed. Very good new interior. A good C/4 serviced and detailed to showroom condition. Platinum at Cavallino this year. – Sold by Auctions America in Burbank, California last August for $134,750 with much subsequent work to cosmetics and mechanicals. The consignor was well compensated for the time, effort and money spent to create one of the best C/4s in the world, helped by an exterior color that complements Pininfarina's design, at a price that is the best in history for a C/4. best by $60,000 from the price RM got for s/n 14455 at Monterey last August, a result that recalls Christie's price of $260,972 for s/n 14815 at Monaco a lifetime ago (or so it seems) in 1989. — Lot # 112 1972 Ferrari 365 GTC/4; S/N 15859; Blue Ribot/Beige leather; Estimate $225,000 – $275,000; Cosmetic restoration, 2 condition; Hammered Sold at $305,000 plus commission of 10.00%; Final Price $335,500. No Reserve – Cromodora centerlock alloy wheels, Becker Europa AM-FM, A/C, – Very good new paint and new interior. Engine is clean and carefully detailed. Very good new interior. A good C/4 serviced and detailed to showroom condition. Platinum at Cavallino this year. – Sold by Auctions America in Burbank, California last August for $134,750 with much subsequent work to cosmetics and mechanicals. The consignor was well compensated for the time, effort and money spent to create one of the best C/4s in the world, helped by an exterior color that complements Pininfarina’s design, at a price that is the best in history for a C/4. best by $60,000 from the price RM got for s/n 14455 at Monterey last August, a result that recalls Christie’s price of $260,972 for s/n 14815 at Monaco a lifetime ago (or so it seems) in 1989.

Lot # 127 1974 Ferrari 246 GTS Dino; S/N 08286; Silver/Red leather, Black stripes; Estimate $340,000 - $400,000; Older restoration, 3+ condition; Hammered Sold at $390,000 plus commission of 10.00%; Final Price $429,000. No Reserve – A/C, P/W, Daytona seats, Becker Mexico cassette, headrest seats, Cromodora alloy wheels, Michelin blackwall tires. – Good paint, lightly worn interior. Good window channels and window seals. Orderly engine showing a little use. An appealing driver. – While in general is is hard to comprehend recent Dino values this result is representative of them. — Lot # 127 1974 Ferrari 246 GTS Dino; S/N 08286; Silver/Red leather, Black stripes; Estimate $340,000 – $400,000; Older restoration, 3+ condition; Hammered Sold at $390,000 plus commission of 10.00%; Final Price $429,000. No Reserve – A/C, P/W, Daytona seats, Becker Mexico cassette, headrest seats, Cromodora alloy wheels, Michelin blackwall tires. – Good paint, lightly worn interior. Good window channels and window seals. Orderly engine showing a little use. An appealing driver. – While in general is is hard to comprehend recent Dino values this result is representative of them.

Lot # 145 1983 Ferrari 512 BBi; S/N ZFFJA09B000044881; Red, Black sills/Black leather; Estimate $175,000 – $200,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $200,000 plus commission of 10.00%; Final Price $220,000 – A/C, cassette stereo, Michelin TRX tires, centerlock 5-spoke alloy wheels. – Clean, mostly original car with some paintwork and filler, 23,003 km represented as original. Good original interior. – Long overlooked by collectors fascinated with Daytonas, 275 GTBs and Dinos, the flat-12 Ferraris have started to come into their own, but still represent extremely good value for money relative to contemporaries and the aforementioned hot tickets.

Lot # 162 1961 Ferrari 250 GT Cabriolet Series II; S/N 2093GT; Engine # 2093GT; Ruby Red, Ruby Red hardtop/Beige leather; Black cloth top; Estimate $1,500,000 – $1,800,000; Visually maintained, largely original, 3 condition; Hammered Sold at $1,600,000 plus commission of 10.00%; Final Price $1,760,000 – Chrome spoke Borrani wire wheels, Michelin X blackwall tires, Blaupunkt multiband radio, two tops. – Fair older repaint with small areas of poor adhesion. Creased, stretched older interior. Thin, peeling trim chrome. Dull wheel rims. Dirty, aged underbody. An honest but not attractive car. Malcolm Pray Collection, owned since 1969 and credibly believed to be 46,627 km from new. Malcolm S. Pray, Jr. collection. – No one claimed this Cab was show ready, but its long history with Malcolm Pray had assured it of consistent, top quality attention to its needs and it is appealing on many levels, not least the reasonable price for which it was acquired.

Lot # 176 1972 Ferrari 365 GTB/4 Daytona, Body by Pininfarina/Scaglietti; S/N 15569; Dark Red/Beige leather, Black stripes; Estimate $675,000 – $775,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $710,000 plus commission of 10.00%; Final Price $781,000 – Chrome spoke Borranis, Michelin XWX tires, Becker Mexico cassette, A/C, manuals, tools, some documentation. – Very good older repaint, good lightly worn original interior and chrome. Clean, orderly underhood, repainted engine compartment. Underbody repainted over old undercoat. Multiple Platinum winner. – Reported sold at Russo and Steele’s Monterey auction in 2008 for $390,500 and bought here for a generous price that anticipates further inflation of Daytona values.

Ferraris Sold at Auction in 2014 – Page Eight

Lot # 178 1994 Ferrari 512 TR; S/N ZFFLG40A2R0098634; Black/Black leather; Estimate $75,000 – $100,000; Unrestored original, 3+ condition; Hammered Sold at $130,000 plus commission of 10.00%; Final Price $143,000. No Reserve – Tubi exhaust, A/C, 18 inch alloy wheels, books, tools, manuals. – Good original paint, lightly worn interior appropriate to the 12,668 miles represented as ‘from new’ with three owners. Engine is dusty but represented as 300 miles and less than a year on a timing belt service. – This is a serious premium price for a 512 TR, even with the known low miles, three owners and recent belt service. It would have been expensive at the high estimate and the hammer bid here is 30% over it.

Gooding & Company Amelia Island 2014 – Auction Report

Lot # 05 1974 Ferrari 246 GTS Dino ; S/N 08070; Viola Metallizzato/Black; Estimate $325,000 - $375,000; Cosmetic restoration, 3+ condition; Hammered Sold at $310,000 plus commission of 10.00%; Final Price $341,000 – A/C, P/W, Cromodora alloy wheels, blackwall tires, tool kit, manuals. – Viewed a year ago at Auctions America's Ft. Lauderdale auction, good new paint purported to be the original color (one of 31 delivered in Viola) and attractive new upholstery and mousehair style dash top. Engine and chassis are aged and neglected. Said here to have been recently serviced and have under 26,000 original miles. – The consignor's decision to decline the $295,000 offered at Ft. Lauderdale last year for this eminently usable Dino in its striking and unusual livery was understandable but the $15,000 more that it brought on the hammer was little solace in the end. An eye-catching Dino at a realistic price. — Lot # 05 1974 Ferrari 246 GTS Dino; S/N 08070; Viola Metallizzato/Black; Estimate $325,000 – $375,000; Cosmetic restoration, 3+ condition; Hammered Sold at $310,000 plus commission of 10.00%; Final Price $341,000 – A/C, P/W, Cromodora alloy wheels, blackwall tires, tool kit, manuals. – Viewed a year ago at Auctions America’s Ft. Lauderdale auction, good new paint purported to be the original color (one of 31 delivered in Viola) and attractive new upholstery and mousehair style dash top. Engine and chassis are aged and neglected. Said here to have been recently serviced and have under 26,000 original miles. – The consignor’s decision to decline the $295,000 offered at Ft. Lauderdale last year for this eminently usable Dino in its striking and unusual livery was understandable but the $15,000 more that it brought on the hammer was little solace in the end. An eye-catching Dino at a realistic price.

Lot # 62 1955 Ferrari 250 Europa GT Coupe, Body by Pinin Farina; S/N 0409GT; Engine # 0409GT; Dull Grey, Eggplant roof/Burgundy leather, Grey cloth; Estimate $2,500,000 – $3,000,000; Unrestored original, 3- condition; Hammered Sold at $2,300,000 plus commission of 10.00%; Final Price $2,530,000 – Silver painted Borranis, blackwall Pirelli Cinturato tires, Marchal head, fog and driving lights, extensive documentation, original tool roll, manual, brochures. – 14,224 km from new, owned 45 years by Raffaele Lacarbonara until 2012. Aged and tired but mostly original car. Chrome is peeling, upholstery is cracked and pulled. Probably too well preserved ever to be restored but for the right owner has just enough patina for some additional use not to have significant effect on its originality or value.. – Many onlookers were transfixed by this Europa GT and its history, a highly desirable combination of style, performance, originality and careful long term preservation that is avidly sought by collectors today. Based on its combination of attributes it is impossible to argue with the bidders’ determination of value. Classiche certification will add to its aura of authenticity.

Lot # 70 1969 Ferrari 206 GT Dino, Body by Pininfarina/Scaglietti; S/N 00378; Red/Black vinyl, velour; Estimate $475,000 – $550,000; Visually maintained, largely original, 3 condition; Hammered Sold at $580,000 plus commission of 10.00%; Final Price $638,000 – AM-FM, Cromodora centerlock wheels, Michelin Defender blackwall tires. – Decent older repaint and chrome. Aged, musty smelling original interior. Aged engine and underbody. A tired and neglected but pretty car that makes a good first impression. – One of 153 of the first series 2-liter Dinos with alloy bodies (that probably adequately compensate for the 15 fewer ponies from the 2-liter engine), this is a collector’s prize, as long as the collector is able to communicate its special nature in the absence of material visual distinction from the four thousand 246 GT Dinos. The seller was more than adequately compensated for the rarity at this exceptional price.

Mecum Houston 2014 – Auction Report

Lot # F208 1995 Ferrari F355 Berlinetta S/N ZFFPR41A350100679; Red/Tan leather; Original, modified for competition or performance, 3 condition; Not sold at Hammer bid of $45,000 3.5, 6-speed, long tube headers, Tubi exhaust, Challenge grille and white Corse Speedline wheels, Michelin Pilot Sport tires, P/W, Panasonic stereo. – Good paint overall with a few rock chips on the nose. Worn out driver’s seat. Low miles and tastefully modified, but not as babied as so many late model Ferraris are. Has most likely seen a track day or two. – Without a maintenance history and as-presented here this F355 is going to have a hard time convincing buyers to take on the risk of deferred maintenance and potentially hard use. If there was money at the reported bid the seller should have given it careful consideration.

Lot # S029 1994 Ferrari 348 Spider, Body by Pininfarina; S/N ZFFRG43A0R0097035; Red/Tan leather; Black cloth top; Unrestored original, 3 condition; Hammered Sold at $36,000 plus commission of 8.00%; Final Price $38,880. 3.4/320hp. 5-speed, Pirelli P-Zero Asimmetrico tires, P/W, A/C, Alpine radio, tools and manuals. – Rock chips on the nose. Scuffs on the convertible top. Lightly worn interior. A used car with some miles on it. Not pampered but not spanked, either. – Mecum sold this 348 Spider in Dallas last September for $38,250, which endorses the result achieved here. Without records of recent service it’s a bit of a risk, but a Red Ferrari Spider for under $40,000? It’s hard to resist. The original tools and manuals and quality tires are reassuring indicators that someone has cared about this Ferrari.

Lot # S088 1999 Ferrari F355 Spider, Body by Pininfarina; S/N ZFFXR48A9X0113305; Gunmetal/Red leather; Black cloth top; Unrestored original, 3+ condition; Hammered Sold at $44,000 plus commission of 8.00%; Final Price $47,520. 3.5/375hp, automatic with paddle shifters, Michelin Pilot Sport tires, P/W, factory radio. – Rock chips on the nose, but otherwise a very well kept and seldom driven vehicle showing 14,889 believable miles on the odometer. – The 355 is, unfortunately, the last generation of Ferraris with cam belts, requiring replacement at regular intervals lest very expensive timing irregularities interrupt the sequence of engine events. With no documentation of service this price is generous while still allowing it to be properly serviced without going significantly underwater. The price is no, or less, than appropriate for this F355’s condition.

Ferraris Sold at Auction in 2014 – Page Nine

Lot # S189 2008 Ferrari F430 Scuderia Coupe; S/N ZFFKW64A880161156; Red, , Grey stripes/Black cloth; Unrestored original, 2- condition; Hammered Sold at $170,000 plus commission of 8.00%; Final Price $183,600. 4.3, 6-speed, red brake calipers, Pirelli P-Zero Corsa tires. – Light scratches above the left front wheel and on the rear glass, but otherwise practically new. 10,039 miles and recently serviced. The more powerful, no-frills version of the F430 that Ferrari claims can lap Fiorano faster than an Enzo. – Depreciating fast, but still depreciating.

Auctions America Auburn Spring 2014 – Auction Report

Lot # 2104 1982 Ferrari 308 GTSi; S/N ZFFAA02A4C0041017; Red, /Tan leather; Visually maintained, largely original, 3- condition; Hammered Sold at $43,000 plus commission of 10.00%; Final Price $47,300 – 5-spoke alloy wheels, Michelin TRX tires, Kenwood cassette stereo, A/C, Clifford alarm. – Erratically masked repaint, scratched black trim, worn original interior. Driver’s door handle crudely repainted. Clean engine compartment with some paint loss. Hard old TRX tires. Dead engine cover struts. Honest but aged mostly original car. – Described as ‘just 22,000 actual miles’, the odometer reads 23,345 and the car looks like it’s had much more abuse than that. The seller should be extremely happy with this price.

Lot # 5083 1989 Ferrari Testarossa, Body by Pininfarina; S/N ZFFSA17AXK0082804; Engine # 19348; White, /Black leather; Unrestored original, 2- condition; Hammered Sold at $76,500 plus commission of 10.00%; Final Price $84,150. No Reserve – Yamaha cassette stereo, A/C, P/W. – 19,409km original car with good original paint and interior. Engine compartment is orderly with only a little paint loss on the inner fenders. Engine is very clean. – An unusually good Testarossa, apparently consistently maintained and in good original condition, this is all the money, and a little bit extra for its preservation in such good condition.

1990 Ferrari Testarossa, Body by Pininfarina — Lot # 5123 1990 Ferrari Testarossa; S/N ZFFAA17B000083593; Red, /Black leather; Unrestored original, 3 condition; Hammered Sold at $60,000 plus commission of 10.00%; Final Price $66,000. No Reserve – Ferrari alloy wheels, Dunlop SP Sport tires, big stereo. – Assembly #7248. Clean but used original car showing 33,245 kilometers. Sound original paint and lightly stretched upholstery. Clean engine compartment with some peeling paint, said to have a recent belt change service. – Handsome, tidy and on the offered claims well- and recently-maintained, this is a supercar for a reasonable price.

Bonhams Greenwich 2014 – Auction Report

Lot # 315 1985 Ferrari Mondial 3.2 Cabriolet, Body by Pininfarina; S/N ZFFUC15A4F0057179; Rosso Corsa/Tan leather; Black cloth top; Estimate $22,000 – $28,000; Unrestored original, 3- condition; Hammered Sold at $22,000 plus commission of 10.00%; Final Price $24,200. No Reserve – 3185/266hp, 5-speed, Michelin tires, Kenwood radio. – Good paint with some dings around the doors. Worn interior. Bad weather stripping. Top frame and wheels are scratched up. Tires are on their way out. Radio antenna is so bent it looks like it’s about to snap off. Showing just 46,236, probably actual, miles, less than its presentation would suggest. A bad example of a car that was pretty to begin with. – Surprisingly unloved for a car that is so practical, but without evidence of a recent service and qualified by the frightening statement it’s been ‘driven only about 3,000 miles in the last 22 years’ there is much that is uncertain about this Mondial 3.2 and the seller should be extremely happy to get this much for it.

Lot # 347 1986 Ferrari 328GTSi Targa; S/N ZFFWA20B000060121; Rosso Corsa/Tan leather; Black vinyl top; Estimate $45,000 – $55,000; Unrestored original, 2+ condition; Hammered Sold at $50,000 plus commission of 10.00%; Final Price $55,000 – 3185/270hp, 5-speed, targa roof, black vinyl roof hoop, Bridgestone Potenza tires, P/W, Alpine stereo, tool roll, owner’s and maintenance books. – Excellent paint. Nearly pristine interior. Desirable Euro spec car with 10 more hp from its Bosch K-Jetronic fuel-injected engine. Currently showing 36,101 miles and has covered less than 100 miles since a major (and expensive) tune-up and belt service. An exceptionally good 328. – And an exceptionally good price for it, too, but the car’s benign history and apparent continuing care and attention to what it has needed is a strong endorsement. The new owner can expect with some justification to enjoy a protracted ownership experience with little concern for deferred maintenance, the bane of these cars, to rear its ugly head.

Lot # 354 1991 Ferrari Testarossa Coupe, Body by Pininfarina; S/N ZFFSG17A1M0086824; Engine # 23997; Rosso Corsa/Tan leather; Estimate $70,000 – $90,000; Unrestored original, 3+ condition; Hammered Sold at $84,000 plus commission of 10.00%; Final Price $92,400 – 4942/380 hp, 5-speed, Tubi exhaust, Dunlop SP Sport tires, dual mirrors, P/W, A/C. – Very good paint with two small rock chips on the nose. Excellent interior. Clean engine bay and chassis. Just over 200 miles since the 30,000 mile belt service done in 2012. Last year for the model and represented as just 21,992 miles. Comes with books, tools and service history. A solid, lightly used, used example. – Sold at RM’s Amelia Island sale in 2012 for a final price of $77,000. It’s a well cared for low mileage car, but this is still big money for a late Testarossa.

Worldwide Houston 2014 – Auction Report

Lot # 046 1969 Ferrari 365 GT 2+2, Body by Pininfarina; S/N 12451; Engine # 12451GT; Yellow/Black leather; Estimate $225,000 – $275,000; Visually maintained, largely original, 3- condition; Hammered Sold at $220,000 plus commission of 10.00%; Final Price $242,000 – Chrome spoke Borrani wire wheels, Michelin blackwalls, sliding sunroof, P/W, P/S, P/B, A/C, Blaupunkt AM-FM-MW radio. – Very good recent paint in the original color, good new front seat upholstery but badly cracked original rear seat. Ugly original underbody; engine is not much better. Never restored, but with continuing attention to cosmetic and mechanical needs through several owners. Known history from new, Ferrari Heritage Certificate authenticated in its original configuration. – Many, many 365 GT 2+2s don’t get this kind of caring, continuing attention which makes this a standout among its model. The bidders recognized its attractions and accorded it a generous price even though it is under the magnanimous pre-sale estimate.

Mecum Indianapolis 2014 – Auction Report

Lot # T183 1983 Ferrari 308 GTSi QV; S/N ZFFMA13A3D0045837; Red/Black; Unrestored original, 3+ condition; Hammered Sold at $44,000 plus commission of 8.00%; Final Price $47,520 – Ferrari 5-spoke wheels, TRX tires, A/C, Concord cassette stereo, P/W, Borla exhaust. – 22,503 miles, seller owned for 27 years. Very good original paint and interior. Driven under 100 miles since its last service in May 2006. Engine is largely untouched, clean and orderly but not restored. Tires will soon need to be replaced. – A sound car for a realistic price that reflects its value with a modest premium for originality. Having covered only 100 miles in the past eight years it’s going to need some serious attention to get back on the road, reliably, which will make the all-in cost to the new owner substantially higher.

Lot # S105 2003 Ferrari 456M GTA Coupe; S/N ZFFWL50A830132002; Silver/Black leather; Unrestored original, 3+ condition; Not sold at Hammer bid of $60,000 – Automatic, SF shields, CD changer stereo, silver calipers, A/C, books, tools. – Clean used car, no nose chips, nearly pristine upholstery. Odometer shows 9,186 believable miles. – Sold at Mecum’s Monterey auction last year for $70,620. The high bid here would have been $64,800 with commission, right in line with the depreciation curve these cars are on. The seller should have taken the money, if there was any, and moved on.

Mecum Seattle 2014 – Auction Report

Lot # S110 1971 Ferrari 246 GT Dino, Body by Pininfarina; S/N 01968; Black/Black leather; Older restoration, 3+ condition; Not sold at Hammer bid of $350,000 – Cromodora alloy wheels, Michelin XWX tires, Becker Mexico cassette stereo, P/W, headlight covers. – An older restoration with good chrome, new paint and new interior. Underbody not done to the standards of the top, and shows some age and use but a very attractive driver. Represented as 33,494 original km. – Offered by RM at Amelia in March of last year with a high bid of $230,000, and no better now than it was then, the consignor had exaggerated expectations for a quality but not exceptional Dino.

Ferraris Sold at Auction in 2014 – Page Ten

Bonhams Maranello Rosso Collection 2014 – Auction Report

Lot # 2 1969 Ferrari 365 GTC, Body by Pininfarina; S/N 12655; Engine # 12655; Marrone Colorado/Beige leather; Estimate $750,000 – $1,000,000; Visually maintained, largely original, 3- condition; Hammered Sold at $780,000 plus commission of 10.00%; Final Price $858,000. No Reserve. Centerlock alloy wheels, Michelin XWX tires, Voxson 8-track stereo, P/W – Fair old repaint with masking holidays on door trim chrome. Lightly creased and soiled original upholstery. Loose driver’s vent window glass. Clean, dry original underbody. Right rear bumper polished through to the copper layer. Sound and usable but aged and used. Part of Fabrizio Violati’s Maranello Rosso Collection since the 1980’s, a typical museum-displayed car. – Appreciably more powerful than its predecessor, the 330 GT, and even more limited production, the 365 GTC is at the pinnacle of the highly appreciated GTC series. This example is no prize cosmetically, and probably needs extensive (and expensive) re-commissioning before it can be driven, not to mention attention to the sloppy repaint and erratic chrome’s condition. Balancing those challenges against its originality and exceptional provenance is a good basis for the price it realized, but by the time it’s ready to be brought back into the limelight, even on tours, it will represent an investment of significantly more and risks being priced out of other collectors’ value spectrum.

Lot # 3 1962 Ferrari 250 GTO Berlinetta, Body by Scaglietti; S/N 3851GT; Engine # 3851GT; Red/Black; Estimate $30,000,000 – $40,000,000; Competition restoration, 3 condition; Hammered Sold at $34,650,000 plus commission of 10.00%; Final Price $38,115,000. No Reserve. OMP fire system, braced seatbacks, chrome spoke Borrani wire wheels, 6.50M-15 Dunlop racing rear tires, braced rollbar, side outlet exhausts. – Ex-Jo Schlesser/Henri Oreiller, Paolo Colombo, Ernesto Prinoth, Fabrizio Violati. Fair old paint, worn interior. A used but well-maintained historic race car owned by Fabrizio Violati since 1965 and raced consistently since the 1970’s. Crashed by Henri Oreiller at Montlhery in 1962 with drastic results for both Oreiller and 3851GT. Returned to Ferrari and ‘rebuilt’, there is little doubt this is except perhaps for the engine and some mechanical parts a completely new 1963 GTO and not the car that finished second in the 1962 Tour de France or in which Oreillier received his fatal injuries, which is not to minimize the results achieved by the next owners, Paolo Colombo and Ernesto Prinoth in Italian hillclimb events, or Fabrizio Violati’s long record of historic event success. It’s a GTO. Enough said. – History is the most important element in a car’s value. Sometimes it’s good. Sometimes it’s bad. Most of the time it is unclear. The Violati GTO had all of those and in claiming the 1962 Tour de France second place for this 3851GT Bonhams also implicitly accepted its instrumentality in the death of Henri Oreiller at Montlhéry. In fact, it is to all intents and purposes a new GTO built in early 1963 using some of the (not insignificant) parts of the original 3851GT and willingly stamped with the old numbers by Ferrari to save the owner the new car purchase tax. Heavily modified to meet modern historic racing safety (and performance) standards by Fabrizio Violati, this is a driver’s GTO. It is described by Bonhams as going to an avid historic racer – which is its highest and best use. Widely speculated in the popular press to be a $50-70 million car, they ignored Bonhams reticence in favor of sensationalist presentation, and then came up disappointed with muted headlines. Still, it was where the attention of all the car enthusiasts in the world were focused at the inception of Monterey’s marathon of auctions, the bellwether of the strength of the collector car market. It returned a sober, realistic evaluation of 3851GT’s mixed history, present condition and application in pursuit of driving excitement. Bidding opened at $25 million and moved slowly from there, ending with auctioneer Robert Brooks coaxing $50,000 increments from two bidders, surpassingly small bumps on a base of $35 million. This is the real world: serious bidders who appreciated 3851GT’s pros and cons. Bonhams refrained from stating an estimate in the catalog to ‘assess the market’, then settled on $30-40 million at the beginning of Monterey week. They did their homework and hit the nail on the head with this mid-estimate result and set a realistic standard for the week’s coming auctions. No matter what else transpires, this is the most expensive car ever sold at auction, and it is a benchmark for considered, thoughtful, realistic valuations in the face of vast hype.

Lot # 4 1978 Ferrari 312 T3 Formula 1; S/N 033; Red, White/Blue; Estimate $1,500,000 – $2,000,000; Competition car, original as-raced, 4+ condition; Hammered Sold at $2,100,000 plus commission of 10.00%; Final Price $2,310,000. No Reserve. – Ex-Carlos Reutemann, Gilles Villeneuve 1978 British Grand Prix-winning, 1979 Race of Champions-winner. Dull, oxidized aluminum. shiny show car repaint. Pushed on to the block with the engine running. Needs restoration to be raced successfully or safely. – Just, simply, wicked awesome looking with its polished aluminum low front wing and carefully profiled rear wing sticking out the back, almost organic in its appearance and breathtaking in the sound of its flat 12 engine. There was more and quicker interest in this 312T3 than in the GTO, and the bids quickly reached and then surpassed the high estimate. The race winning history in the hands of Gilles Villeneuve is the stuff of legends and this car, after extensive mechanical attention, will be a thrilling historic GP ride. Expensive, but it induces heart palpitations.

Lot # 6 1953 Ferrari 250 MM Berlinetta, Body by Pinin Farina; S/N 0312MM; Engine # 312MM; White, Blue stripe/Dark Blue leather; Estimate $9,000,000 – $12,000,000; Competition restoration, 3 condition; Hammered Sold at $6,600,000 plus commission of 10.00%; Final Price $7,260,000. No Reserve. RHD. Silver painted wire wheels, Dunlop Racing tires, Marchal headlights, hood mounted clear air deflector. – Fair old repaint, worn but sound interior, good gauges. Clean, orderly engine compartment. An honest historic race car with very attractive coachwork. Ex-Bill Devin, Count Vittorio Zanon, multiple MM Storica participant with Violati and others. – The deal of the Maranello Rosso sale, a car of impeccable history, dramatic, aggressive coachwork and exciting performance. Never messed up and continuously maintained in largely original condition, this is a great value.

Lot # 7 1968 Ferrari Dino 166/246T Formula 2/Tasman; S/N 0008; Red/Red cloth; Estimate $1,200,000 – $1,800,000; Competition car, original as-raced, 4+ condition; Hammered Sold at $1,100,000 plus commission of 10.00%; Final Price $1,210,000. No Reserve. Gold painted 5-spoke mag wheels, Firestone race tires, body mounted wing, slide throttle fuel injection. – Quickly painted for museum display. Wheels squirted gold over pits and oxidation. Mostly original except for the 2,000 lira paint job, including the tires which have been around for decades. Needs comprehensive attention before going where it belongs: on the track. Ex-Chris Amon, Brian Redman, ‘Tino’ Brambilla, Graeme Lawrence. Raced in 1.6 liter form in F2 by Amon, Redman and Brambilla. Back-to-back Tasman Championship-winner with 2.4 liter engine by Amon in 1969 and Lawrence in 1970. Bought by Fabrizio Violati’s Maranello Rosso collection from Pierre Bardinon’s Mas du Clos collection. A beautiful little car but unused for many years, probably since its acquisition in the early 80’s. – Can there a better way to race vintage formula cars? Great history, seductive, classic mid-engined Formula car appearance and great, championship-winning history? This little Dino has it all. After many years in Maranello Rosso it needs everything, but the reward will be a brilliant little racer with great handling, modest power and benign handling. It has many positive attributes, including the price it brought.

Lot # 8 1981 Ferrari 512 BB/LM Bellancauto Le Mans Endurance; S/N 35529; Engine # F102B009; Red, ‘Ferrarelle’/Black cloth; Estimate $1,200,000 – $1,600,000; Competition car, original as-raced, 4+ condition; Hammered Sold at $900,000 plus commission of 10.00%; Final Price $990,000. No Reserve. – Ex-Fabrizio Violati, Maurizio Flammini, Duilio Truffo, Marco Micangeli 1981 and 1984 Le Mans 24-Hours race, first in class at the Monza 1000km in 1981 but with no further exceptional results. Built for Fabrizio Violati on a factory BB/LM chassis to WEC specs. Appears to have sat since 1985 without even a repaint. Dirty and overlooked. – An intriguing but ultimately unsuccessful car, like most of its sibling BB/LMs, this is a car with more potential in historic racing than in its early life and it realized that potential in the price it brought here. It balances the two Le Mans appearances and the entre they open with its aged and neglected condition. This is a car that needs everything, but the same could be said of pretty much any BB/LM that hasn’t been raced in a few years. This result, despite the estimate range, should be seen as all the money for this BB/LM’s condition.

Lot # 9 1969 Ferrari 365 GTB/4 Daytona Berlinetta Competizione; S/N 12765; Engine # 12765; Red/Black leather; Estimate $650,000 – $800,000; Competition car, original as-raced, 3 condition; Hammered Sold at $850,000 plus commission of 10.00%; Final Price $935,000. No Reserve. No brake booster, fixed side windows with sliding toll/ventilation panels, low chin spoiler, fixed headlights behind clear covers, flared fenders, wide tires, rear brake ducts. – Built on a production Daytona to Group IV specs. Clean and orderly. Paint is new and underbody has been quickly resprayed. A serious-looking racecar, but without factory lineage and devoid of any race history except through conjecture. Impressively aggressive appearance. – A car bought on the basis if its commanding presence and performance potential, its condition is aged and neglected, but the car is positively evil in its presence, and that counts for a lot, if not this much money.

Lot # 10 1962 Ferrari 250 GT SWB Speciale Aerodinamica, Body by Pininfarina; S/N 3615GT; Dark Blue/Beige leather; Estimate $4,000,000 – $7,000,000; Unrestored original, 3 condition; Hammered Sold at $6,250,000 plus commission of 10.00%; Final Price $6,875,000. No Reserve. Chrome spoke Borrani wire wheels, Dunlop tires, P/W, grille-mounted Marchal driving lights. – Good original paint, chrome and interior. Paint is lightly scuffed and occasionally scraped or chipped. Non-original engine installed, but sold with its original engine, recently acquired to complete the equipe. Odd body with a Lusso open headlight nose and sleek coupe aerodinamica greenhouse and tail. Looks best from the rear 3/4. One of four in similar style. – The last car in Bonhams’ Maranello Rosso sale, and in many respects the most desirable with its SWB chassis and coupe aerodinamica coachwork by Pininfarina, a car of unusual distinction and style. Its desirability was substantially enhanced by offering it with its original engine, even though it was on a stand next to the car. Lack of significant early ownership is a weakness, and new collectors connect ‘SWB’ with the rounded, tightly packed regular production SWBs. They missed the boat on this choice example and it is a sound value at this price. The buyer should be very proud of the car and the price paid for it, including the two engines wrapped into the price.

Ferraris Sold at Auction in 2014 – Page Eleven

RM Auctions Monterey 2014 – Auction Report

Lot # 239 1964 Ferrari 275 GTB/C Berlinetta Speciale, Body by Pininfarina-Scaglietti; S/N 06701; Silver-Grey, Silver stripe/Black leather, Grey cloth inserts; Competition restoration, 3 condition; Hammered Sold at $24,000,000 plus commission of 10.00%; Final Price $26,400,000 – Silver painted wire wheels, Dunlop Racing tires, braced rollbar, outside filler, side outlet exhaust, 5-point competition belts. – One of three built by Ferrari in this evolved GTO alloy bodied style. Sister car 06885 finished third overall at Le Mans in 1965 (which isn’t, by the way, ‘the best finish by a front-engined car’ as represented in the catalog.) Original bumpers removed and three supplemental air intakes added later. Later owned by Michel Pobrejeski (‘Mike Sparken’) and Brandon Wang. Sound but aged older repaint with a center stripe added early in its life. No racing history. Underbody is dirty from use. Scuffed aluminum trim. ‘Aggressive’ only begins to describe the demeanor of this Ferrari. – ‘Aggressive’ also only begins to describe the price it brought, on the hammer only a million dollars less than the eye-opening price of the one owner NART Spider here a year ago. While it basks in the halo of 06885’s Le Mans accomplishment, 06701 has no racing history. Its bodywork has benefited from several non-Ferrari changes to enhance its GTO-glow and its condition is no more than good. The price it brought is massive, a premium that puts the McQueen-premium of 10621 in an entirely new light. The buyer bought everything that is good about this car, and ignored everything that isn’t. The transaction is mind-extending.

Lot # 150 1964 Ferrari 250 LM Sports Racer; S/N 6045; Engine # 6045; Red/Blue cloth; Estimate $8,500,000 – $12,500,000; Competition restoration, 2+ condition; Hammered Sold at $10,500,000 plus commission of 10.00%; Final Price $11,550,000 – RHD. Silver painted Borrani wire wheels, Dunlop Racing tires, covered headlights, sliding side windows. – Driven by Bill Harrah until April 1966, then to Dr. Hart Isaacs in Beverly Hills. Toasted in a fire in 1969, melting the aluminum body. Eventually disassembled and restored in several Italian shops. Restored again in 2009 by DK Engineering in the UK. Some parts separated by Ron Kellogg and sold to Richard Freshman who created a duplicate car based on the chassis number stamped chassis tube and original engine, later reunited with this car in Ferrari Classiche and the remains of the duplicate destroyed with this car getting the Red Book Ferrari Classiche certification. Excellent paint, bright trim and interior. Freshly restored and better than new, multiple award winner at Cavallino Classic in 2014. – The ‘lengthy and detailed history file’ on this 250 LM must be fascinating to read through as few automobiles have survived such a fraught and convoluted history. It is perhaps telling to note that during the preview in the lobby of the Portola hotel many people walked right by the 250 LM, probably unaware of what it is, or the model’s history. Even with this involved history, at 1/3 the price of the reconstructed 250 GTO sold this year it represents very good value. And the new owner will always have an intriguing tale to tell.

Lot # 220 1967 Ferrari 275 GTB/4 Berlinetta, Body by Pininfarina-Scaglietti; S/N 10621; Engine # 10621; Deep Red/Black leather; Estimate $8,000,000 – $12,000,000; Recent restoration, 2 condition; Hammered Sold at $9,250,000 plus commission of 10.00%; Final Price $10,175,000 – Chrome spoke Borrani wire wheels, Michelin XWX blackwall tires, flush mount outside mirror. – Bought new by Steve McQueen, later owned by actor Guy Williams and offered here by racer Vern Schuppan. Decapitated at one point to make a NART Spider replica, then re-headed during restoration at Ferrari Classiche. Excellent paint, chrome and interior. Orderly, nearly like new, underbody. – The Steve McQueen magic still works. This is at best a $4 million 4-cam, but on this day, in this place, the bidders added more than $5 million, despite the off-again, on-again roof, for the long reupholstered butt prints of Steve McQueen in the seat. Amazing.

Lot # 109 1981 Ferrari 512 BB Berlinetta, Body by Pininfarina; S/N 35409; Engine # 00797; Red, Black/Black leather; Estimate $275,000 – $375,000; Unrestored original, 2- condition; Hammered Sold at $430,000 plus commission of 10.00%; Final Price $473,000. No Reserve – 4942cc, four Weber carbs, 5-speed, Cromodora wheels, Michelin tires, leather-wrapped Nardi steering wheel, Borletti A/C, P/W, Pioneer radio, dash clock. – Bought new from Auto Palace Sales in Pittsburgh, then almost immediately put in storage with the factory plastic still on the seats and door sills. It then sat for 33 years. Labels, tags and stickers are all there. The 715 km showing on the odometer were almost all racked up by Ferrari and during EPA testing according to an odometer mileage statement that comes with the car. This is basically a new car, but then again, what kind of mechanical attention does a Ferrari that’s been sitting for over three decades need? – Fortunately for the new owner’s bank balance, this 715Km BB is not likely ever to turn a wheel except on and off transporters and show fields and thus will never need mechanical freshening. Don’t want to replace those stiff old original Ferrari belts and hoses. This is an amazing price to pay for what amounts to an unusable relic, but highlights the increasing recognition that the 512 BBs are an important statement in Ferrari history, and exciting drive although this one will probably never impart that particular experience to an owner.

Lot # 118 1964 Ferrari 250 GT/L Lusso Berlinetta, Body by Pininfarina; S/N 5233GT; Engine # 5233GT; Rosso Corsa/Tan leather; Estimate $1,400,000 – $1,800,000; Unrestored original, 4- condition; Hammered Sold at $1,800,000 plus commission of 10.00%; Final Price $1,980,000. No Reserve – 2953/240hp, triple Weber carbs, 4-speed, Borrani wire wheels, Michelin tires, wood-rimmed steering wheel, dash clock, SF shields. – Dull, chipped, crazed paint. Ripped leather on seats and shifter/parking brake boots. Pitted, dirty chrome. Dirty but solid frame. Purchased new by a Pakistani businessman and registered in Karachi in 1964. It has since remained in the same family. Refinished in Rosso Corsa from the original Azzuro. Pakistani car since new, which is not something you often hear about a classic Ferrari. Claimed to run and drive. A strong, solid ‘barn find’-type of car that would benefit from a reasonably straightforward restoration. Certainly not too far gone and was not left excessively dirty on purpose by the auctioneers. – The current passion for ‘barn-find’ cars is evident from this result. A quality restored Lusso is today worth $2.5 million – a value that itself is a function of fad and hot money chasing trophy cars. This Lusso is essentially unusable in its current condition and once it starts down the road of recommissioning it will soon turn into a full restoration at a cost that will soon equal or exceed its restored value, unless you subscribe to the ‘Ferrari prices have nowhere to go but up’ mantra. This is a huge price, but was exceeded by a somewhat less scruffy long-stored Lusso at Gooding which brought just over $2 million.

Lot # 141 1973 Ferrari 246 GTS Dino Spider; S/N 06158; Rosso Corsa/Tan leather with Black inserts; Estimate $400,000 – $500,000; Visually maintained, largely original, 3 condition; Hammered Sold at $400,000 plus commission of 10.00%; Final Price $440,000 – 2418/195hp, 5-speed, Cromodora wheels, Michelin tires, leather-wrapped steering wheel, Borletti A/C, P/W, Becker Grand Prix radio, dash clock. – Decent paint and chrome, but both are a little tired, repainted some time ago from the original Polo White. Visibly worn but well kept original interior. Decent, well-equipped late Dino. Not a chairs and flares car. Acquired by Bob Pond in 1989, and has been part of that collection ever since, covering only a few miles to bring the total showing on the odometer to 12,340, ‘believed to be … from new.’ – A good driver-quality Dino bought for appropriate driver-quality Dino money, one of eight 246 GTS Dinos offered among the 123 Ferraris in the Monterey auctions. After a few years of seemingly limitless Dino Excitement they seem to have leveled off at prices that would have been unthinkable five years ago.

Lot # 145 1973 Ferrari 365 GTB/4 Daytona Berlinetta, Body by Pininfarina/Scaglietti; S/N 16571; Argento Auteuil/Pelle Nera leather; Estimate $700,000 – $900,000; Visually maintained, largely original, 3 condition; Hammered Sold at $875,000 plus commission of 10.00%; Final Price $962,500 – 4390/352hp, six Weber carbs, 5-speed, Michelin tires, leather-wrapped steering wheel, P/W, A/C, push button AM/FM radio, dash clock. – US market car. Lovely mellowed original interior that has aged very well. Very good paint and chrome. Very tidy engine bay. A highly preserved, lightly used example with just three owners from new and showing just 21,566 miles. Sold new to Florida. Engine was replaced under warranty in August 1974, with under 7,000 miles on the chassis. Then spent 33 years in Southern California. Ferrari Classiche certified – With a desirable combination of low, known miles, just three caring owners, highly original condition and Ferrari Classiche Red Book certification, this is a premier Daytona, and it brought a premier price.

Lot # 167 2005 Ferrari 575 Superamerica Barchetta, Body by Pininfarina; S/N ZFFGT61AX50140436; Rosso Corsa/Tan leather; Estimate $225,000 – $275,000; Unrestored original, 3+ condition; Hammered Sold at $300,000 plus commission of 10.00%; Final Price $330,000. No Reserve – 5748/540hp, 6-speed with paddle shifters, Bridgestone Potenza tires, aluminum filler cap, P/W, factory radio, yellow gauges, SF shields, red calipers. – Strong paint. Tidy interior. A very lightly used Ferrari that has covered just 2,300 miles. Ferrari built 559 examples of the Superamerica, which featured an electrochromic glass panel folding roof and was touted by Ferrari as the world’s fastest convertible with a top speed of 199 miles per hour. This is believed to be the second one built. Ferrari Classiche certified. – Big power, big price and a car that will be a huge pleasure to drive. With only some 250 miles driven in each year since it was delivered the previous owner(s) missed much of that enjoyment, an oversight the new owner can afford to remedy at this reasonable price even just over RM’s high estimate.

Lot # 211 2003 Ferrari Enzo; S/N ZFFCW56A830132664; Black/Black leather, Red inserts; Estimate $1,900,000 – $2,500,000; Unrestored original, 2 condition; Hammered Sold at $1,750,000 plus commission of 10.00%; Final Price $1,925,000 – Scuderia shields, manettino steering wheel, black calipers, chipguarded nose, luggage, tools, Tubi exhaust (original included), two keys, manuals. – Assembly #49970. Like new and barely used. A little dust in the engine compartment, serviced at Ferrari of Beverly Hills in March 2014. – A daring, menacing beast in black that will make its own statement among a row of bright red Enzos. The quest for ‘trophy’ caliber modern Ferraris has kept their prices alight and commends this example for its condition, livery and realistic price.

Ferraris Sold at Auction in 2014 – Page Twelve

Lot # 213 1969 Ferrari 365 GTB/4 Daytona Berlinetta, Body by Pininfarina/Scaglietti; S/N 12691; Red/Black leather; Estimate $575,000 – $675,000; Older restoration, 3 condition; Hammered Sold at $704,545 plus commission of 10.00%; Final Price $775,000 – 4390/352hp, six Weber carbs, Ansa exhaust, 5-speed, Michelin tires, dual mirrors, wood-rimmed steering wheel, Audiovox AM/FM radio, dash clock, P/W, fixed headlights, Plexiglas nose panel. – Delaminating and rusty screws on front Plexiglas. Decent paint with dime sized bubble on left rear. Very tidy engine bay. Lightly worn, but solid older restoration and a Euro-spec car with Plexiglas nose. Ex-Bob Pond Collection, on display for 25 years without being run. – Considering that this Daytona will need thorough (and expensive) attention before it is ready to be driven this unusual price is generous even for an early Euro, Plexi nose car. When was the last time Max Girardo took an over-estimate hammer bid of $704,545? It is expensive, no matter how the price was contrived.

Lot # 216 1963 Ferrari 250 GT/L Lusso Berlinetta, Body by Pininfarina/Scaglietti; S/N 5179GT; Ruby Red/Black leather; Estimate $1,900,000 – $2,500,000; Cosmetic restoration, 3+ condition; Hammered Sold at $1,925,000 plus commission of 10.00%; Final Price $2,117,500 – Chrome spoke, mirror polished Borrani wire wheels, Becker Grand Prix AM-FM. – Rich, deep clear coat paint. Brilliant chrome. Good interior. Engine compartment is orderly and clean but aged and used. Lightly frayed window channels, dull gauge faces go with the grime on the underbody. A cosmetically restored auction car. – The Monterey Lusso market is a study in collectors’ overwhelming urge to own dirty cars with torn, stiff upholstery. This isn’t one of them, but rather a competently cosmetically restored and attractive example. The fact that it brought no more than the dirty, neglected, needs-everything barn find Lussos shows the value of … dirt?

Lot # 218 1963 Ferrari 400 Superamerica LWB Coupe Aerodinamico Series II, Body by Pininfarina; S/N 4113SA; Engine # 41113SA; Blu Sera Metallic/Red leather; Estimate $2,500,000 – $3,000,000; Recent restoration, 2+ condition; Hammered Sold at $2,650,000 plus commission of 10.00%; Final Price $2,915,000 – Chrome spoke Borrani wire wheels, Michelin XWX blackwall tires, open headlights. – Excellent fresh paint, chrome and interior. Better than new but not overdone, freshly restored by Motion Products. Open headlight coachwork, one of four built in this style. – The aerodynamic greenhouse and rear of this Coupe Aerodinamico are beautiful. The open headlight 250 GT-ish front, not so much. The combination of Blu Sera over bright, lipstick red, leather is startling but also intriguing. The restoration is all that can be expected from consummate pros like Motion Products and the price the car brought is nothing if not reasonable.

Lot # 225 1953 Ferrari 250 Europa Coupe, Body by Pinin Farina; S/N 0305EU; Rosso Marrone, Ivory roof, accent and sills/Brown leather, cloth inserts; Estimate $1,900,000 – $2,400,000; Recent restoration, 2+ condition; Hammered Sold at $2,500,000 plus commission of 10.00%; Final Price $2,750,000 – Chrome spoke Borrani wire wheels, Firestone Deluxe Champion whitewall tires, Marchal head and fog lights, exterior gas filler. – Freshly restored in 2013 with its original engine attested and stamped by Ferrari Classiche. Excellent paint and chrome. Very good interior. Sharp, crisp gauges. Underbody is like new. Featured in Cavallino magazine, class wins at Zoute concours in 2013 and Ville d’Este this year. – An exceptional Ferrari notably featured in its original color scheme with whitewall tires as it was originally delivered, a presentation that honors the way so many Ferraris looked in the Fifties before they all became Red over Tan. The result here is a little over estimate but by a margin that is fully supportable by its condition, appearance and performance.

Lot # 229 1998 Ferrari 333 SP Sports Racer; S/N 019; Red, Yellow ‘Momo’/Red duct tape; Competition car, original as-raced, 3+ condition; Not sold at Hammer bid of $3,400,000 – Winner of the Daytona 24 Hours and Sebring 12 Hours for the Momo team in 1998, then third in class at Le Mans. Repainted but otherwise clean, orderly and as-raced. – Offered here in 2003 with a reported high bid of $500,000.

Lot # 237 1965 Ferrari 275 GTB Alloy Berlinetta, Body by Pininfarina/Scaglietti; S/N 08069; Red/Black leather; Estimate $2,600,000 – $3,200,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $3,075,000 plus commission of 10.00%; Final Price $3,382,500 – Chrome spoke Borrani wire wheels, Michelin XWX tires, owner’s pouch, manuals, full original tool roll, long nose, alloy body. – Decent old repaint and original chrome, aged and musty smelling original interior. Engine compartment is orderly but evidences age and lack of use. Represented as 58,227 km from new with a single owner from 1974 to the present. Underbody has old undercoat. A fast Ferrari that has been static for too long. – The alloy body on this 275 GTB caught bidders’ attention and resulted in a transaction close to RM’s high estimate, a value not unreasonable when also taking into account its originality and sound condition. A little attention will remedy the musty interior, making the car smell as good as the deal.

Lot # 241 1966 Ferrari 330 GT 2+2 Series II, Body by Pininfarina; S/N 09089; Amaranto/Beige leather; Estimate $275,000 – $350,000; Cosmetic restoration, 3+ condition; Hammered Sold at $310,000 plus commission of 10.00%; Final Price $341,000 – 3967/300hp, 5-speed, triple Weber carbs, Ansa exhaust, chrome spoke Borrani wire wheels, wood-rimmed steering wheel, push button AM/FM radio, A/C, dash clock, P/W. – Tidy engine bay. Excellent chrome. Very good paint overall with small chip near edge of hood. Very good lightly worn interior. A straight, honest car showing 70,231 miles that is thoroughly and attractively cosmetically restored and an ideal driver. – At this price it’s going to be hard to justify driving this 330 GT 2+2. But it is a more accessible entry point to front-engine Ferrari V12 ownership, with room for a small family.

Lot # 245 2000 Ferrari F1-2000 Formula 1; S/N 198; Red, ‘Marlboro’/Black; Estimate $1,750,000 – $2,500,000; Competition car, original as-raced, 3- condition; Hammered Sold at $1,640,000 plus commission of 10.00%; Final Price $1,804,000 – No cockpit display or steering wheel controls. – Reportedly Michael Schumacher’s 2000 Brazilian GP winner, pole sitter at the Spanish GP, dnf at Monaco. Worn upholstery. Display car condition, said to be ‘rebuilt by the factory for future use in F1 Clienti events’ but obviously has preparation needs yet to be addressed. – Offered by RM at Maranello in 2008 with a reported high bid of $1,247,291, the incomplete condition here in Monterey is a good reason for its relatively modest price for a Schumacher GP-winner. What it will cost to make Clienti-event ready is another matter that only Maranello can address.

Lot # 251 2006 Ferrari FXX Evoluzione; S/N ZFFHX62X000146359; Red, White accents/Black cloth; Estimate $1,700,000 – $2,100,000; Competition car, original as-raced, 3+ condition; Hammered Sold at $1,350,000 plus commission of 10.00%; Final Price $1,485,000 – Track day tools, spares, fueling system, manuals, matching unused helmet. – Used in many FXX trials events and in factory development work. Always factory maintained. Assembly #63161. Not like new, but very well maintained by a single owner from new. – Breathtaking performance from the 860hp 6.3 liter V12 with an F1 car’s array of driving aids to help keep it under control. Its highest and best, not to mention only, use is at Course Clienti events where it can be supported by (expensive) factory experts, and that may account for this level of performance and exclusivity selling for a price comparable to F40s. It would be an experience to unleash it on the Bonneville salt, and carbon fiber doesn’t rust.

Ferraris Sold at Auction in 2014 – Page Thirteen

Gooding and Company Pebble Beach 2014 – Auction Report

Lot # 004 1964 Ferrari 330 GT 2+2 Coupe, Body by Pininfarina; S/N 6113; Oro Chiaro metallic/Tan leather; Estimate $250,000 – $350,000; Recent restoration, 2- condition; Hammered Sold at $220,000 plus commission of 10.00%; Final Price $242,000 – 3967/300hp, triple Weber carbs, overdrive 4-speed, Borrani wire wheels, Pirelli tires, wood-rimmed steering wheel, Autovox push button radio, dash clock. – Very good paint, chrome and interior. Restoration finished in 2013. One of 625 Series I examples built. The quad headlight 330 GT 2+2s are less pretty and less desirable than the later Series II cars with the more conventional two headlights, but this one is a straight, honest car in a rare and attractive color combination with a competent recent restoration. – Appropriately priced in the current market on the basis of its sound presentation and attractive livery.

Lot # 018 1961 Ferrari 250 GT SWB California Spider, Body by Pininfarina; S/N 2903GT; Red/Yellow-Beige leather; Estimate $13,000,000 – $15,000,000; Cosmetic restoration, 2- condition; Hammered Sold at $13,800,000 plus commission of 10.00%; Final Price $15,180,000 – Covered headlights, chrome spoke Borranis, Michelin X tires, Wagner sealed beam headlights, Marchal fog lights in grille, disc brakes, bright fender side vents, unrestored factory steel hardtop. – Once owned by actress Barbara Hershey. Good paint and sound interior in a sickly yellowish leather. Underbody and chassis have been superficially redone and quickly repainted for the auction. Makes a good first impression. Ferrari Classiche certified but the Red Book is still in process. – Sold by RM at Amelia in 2000 for $1,182,500, it will be wonderful when returned to its original black over natural leather, but at this price it really should have an aluminum body.

Lot # 024 1990 Ferrari F40 Coupe, Body by Pininfarina; S/N ZFFMN34A2L0085596; Red/Red cloth; Estimate $1,200,000 – $1,400,000; Unrestored original, 2 condition; Hammered Sold at $1,200,000 plus commission of 10.00%; Final Price $1,320,000 – 2936/478hp, 5-speed, Speedline wheels, Michelin Pilot Sport tires, tinted windows, luggage, Tubi exhaust. – Very good original paint, rubber and interior. Very clean engine bay. Comes with matching luggage. Bought new by Microsoft co-founder Paul Allen, and has covered just 2,590 miles since then. This car’s great overall condition is a testament to its light use. Like many F40s, it has been very well taken care of and recently had a belt service at a Ferrari dealer. – Showing a few more miles than RM’s F40 (although almost double in relative terms), this example is less original but probably more usable and hammered sold for only $100K less, endorsing the current value of F40s in the auction marketplace.

Lot # 026 1956 Ferrari 250 Europa Coupe, Body by Pinin Farina; S/N 0427GT; White, Black roof/Red leather with Grey cloth inserts; Estimate $2,500,000 – $3,000,000; Concours restoration, 1- condition; Hammered Sold at $2,100,000 plus commission of 10.00%; Final Price $2,310,000 – 2953/220hp, triple Weber carbs, 4-speed, Borrani wire wheels, Blockley tires, Marchal headlamps and driving lights, wood-rimmed steering wheel, Clayton heater. – Excellent paint, chrome and interior. Even gaps. Incredibly clean engine bay and undercarriage. The last 250 GT Europa produced, the 1956 Brussels Motor Show car and a competitor in the 1957 Grand Prix de Spa. Restored to a very high standard in 2010 and showing no discernible flaws, only a little age. Believed to be the original colors. Ferrari Classiche certified. – Not quite the eye-catching presentation of RM’s 250 Europa, and bought for a bit less, this is a thoroughbred Ferrari with a clear history and a first-rate restoration.

Lot # 045 1972 Ferrari 365 GTC/4 Coupe, Body by Pininfarina; S/N 15653; Azzurro Hyperion/Black leather; Estimate $275,000 – $350,000; Visually maintained, largely original, 3 condition; Hammered Sold at $290,000 plus commission of 10.00%; Final Price $319,000. No Reserve – 430/320hp, six Weber carbs, 5-speed, Cromodora wheels, Michelin tires, P/W, push button AM/FM radio, leather-wrapped steering wheel. – Decent repaint in the original color that has seen better days. Dings on hood and cracks around gaps. Very good original interior. Tidy original engine bay and undercarriage. The GTC/4 was never the most desirable Ferrari, but this is an honest, consistently maintained, largely original example with 58,913 miles showing on the odometer. – One third of a million dollars for a C/4. Think about that, and the fact that the hammer price is firmly in the middle of Gooding’s estimate range. This isn’t even a paragon of presentation, or a pristine, consistently maintained original car with low miles. It’s just a used, sound and aged old C/4. Mediocre car, big money.

Lot # 058 2001 Ferrari 333 SP Sports Racer; S/N 041; Rosso Corsa/Black; Estimate $1,750,000 – $2,250,000; Unrestored original, 3+ condition; Hammered Sold at $2,150,000 plus commission of 10.00%; Final Price $2,365,000 – 3997/650hp, Weber-Marelli fuel injection, 5-speed sequential, Enkei wheels, Pirelli P-Zero tires, bare carbon front splitter and rear wing, Momo steering wheel. – Good paint and interior. Well presented. One of only 25 built by Michelotto. Sold to Ferrari of San Francisco and intended for the 2002 Grand Am season, but never ended up racing and is currently in its as-delivered condition. As of yet, the 333 SP was Ferrari’s last major foray into international sports prototype racing, and this car was the very last of just 40 built. – A brand new, never-raced 333 SP and if the Monterey bidders say this is what it’s worth, then this is what it’s worth. It will take significant work to freshen it for vintage racing and its prospects more clearly lie in sitting quietly in a collection.

Lot # 060 1964 Ferrari 250 GT/L Lusso Berlinetta, Body by Scaglietti; S/N 5249GT; Black/Red leather; Estimate -; Unrestored original, 4 condition; Hammered Sold at $2,150,000 plus commission of 10.00%; Final Price $2,365,000 – 2,953cc/240hp, triple Weber carbs, 4-speed, Borrani wire wheels, Semperit tires, wood-rimmed steering wheel. – Cracked, chipped, crazed paint. Pitted chrome. Dirty but complete engine bay. Interior is very tired but not terrible. Recently discovered in a garage after long-term storage. Last registered in 1976. First owned by Angelo J. Sarubbi, the former mayor of North Bergen, New Jersey who was indicted for extortion and fraud. A dirty, tired old car, but showing 20,359 miles and in better shape than the red barn find Lusso at RM. – The values of Lusso barn finds were definitively pegged at Monterey this year with two similar cars, here and at RM, selling around $2 million. This is the better example and it brought a better price. In order for it to make sense, though, it has to put restored Lusso values somewhere around $3 million and the sale of cosmetically restored but presentable and usable Lusso s/n 5791GT here for $2.2 million puts that notion out to pasture. Think about that, a cosmetically restored Lusso is worth less than a ratty barn find. It doesn’t compute.

Lot # 062 1960 Ferrari 250 GT Cabriolet SII, Body by Pinin Farina; S/N 1817GT; Shell Grey, Shell Grey hardtop/Red leather; Estimate $1,800,000 – $2,200,000; Recent restoration, 2+ condition; Hammered Sold at $1,900,000 plus commission of 10.00%; Final Price $2,090,000 – 2953/240hp, triple Webers, Abarth exhaust, 4-speed, Borrani wire wheels, Michelin tires, Marchal headlamps and driving lights, hardtop, wood-rimmed steering wheel, locking filler cap and glovebox, dash clock, push button radio. – Excellent paint, chrome and interior. Clean undercarriage and engine bay. Custom ordered with special Superamerica-style side vents and bumper-mounted driving lights. Factory replacement engine stamped by Ferrari Classiche. A beautiful, unique car with gorgeous presentation. FCA Platinum at Cavallino in 2014. – A wonderful color combination and a meticulously restored example that suffers only from its replacement engine. Ready to be driven, toured and shown and bought appropriately for its history and presentation.

Lot # 107 1968 Ferrari 206 GT Dino Coupe; S/N 00126; Yellow/Black vinyl, Grey cloth inserts; Estimate $600,000 – $700,000; Recent restoration, 2 condition; Hammered Sold at $680,000 plus commission of 10.00%; Final Price $748,000 – Cromodora wheels, Michelin XWX tires, open headlights. – Excellent paint and chrome. Good interior except for stretched and wrinkled seat inserts. Underbody is like new. Crisp gauges and clear lenses. An unusually good little Dino. – A much better condition Dino 206 than the Maranello Rosso example sold Thursday by Bonhams for $572,000, although it is debatable if it’s $176,000 better. Maybe it’s the bright yellow paint. This is two-thirds of a million dollars for a Dino 206, though, more than Gooding’s Daytona lot number 33. It’s hard to put that in perspective.

Lot # 109 1968 Ferrari 330 GTC Coupe, Body by Pininfarina; S/N 11113; Silver/Red leather; Estimate $600,000 – $700,000; Visually maintained, largely original, 3 condition; Hammered Sold at $620,000 plus commission of 10.00%; Final Price $682,000 – 3867/300hp, Ansa exhaust, 5-speed, Borrani wire wheels, Michelin tires, wood-rimmed steering wheel, Becker Europa TR radio, wood dash, dash clock. – Very strong older repaint with a couple of dings. Mellowed, lightly worn interior. Strong, not exquisite chrome. Tidy underneath. High miles, showing 80,561, but lovely and well kept. In the same family for 23 years. – A GTC that has many years of enjoyable driving before it, soundly maintained and treated to what it needed when it needed it. This is a sound value.

Ferraris Sold at Auction in 2014 – Page Fourteen

Lot # 113 1965 Ferrari 275 GTB Berlinetta; S/N 07993; White/Red leather; Estimate $3,750,000 – $4,250,000; Visually maintained, largely original, 3 condition; Hammered Sold at $4,200,000 plus commission of 10.00%; Final Price $4,620,000 – 3285/300hp, six Weber carbs, SNAP exhaust extractors, 5-speed, alloy body, long nose, Borrani wire wheels, Michelin tires, wood-rimmed steering wheel, Blaupunkt AM/FM radio, red leather covered dashboard, console arm rest, bright fender side vents. – Tired paint with chips in the nose and some small cracks starting on the tail and around the radio antenna. Strong interior. Lightly worn seats. Used but tidy engine bay and undercarriage. Ordered new by Haitian diplomat Albert Silvera in electric blue. Sergio Scaglietti then trimmed the dashboard in red leather and fit a custom armrest, headrests, removable seat cushions and radio console as well as chrome trim on the fender and sail-panel vents. Other than a repaint in white, it has remained unrestored and shows just 21,205 miles. Engine internal number 848/64. Ferrari certificate of authenticity. – By this week’s standards this alloy body, six-Weber, custom feature 275 GTB is something of a good value even within $50K of its upper estimate. Bought new by Haitian diplomat Albert Silvera, it probably took full advantage of his diplomatic plates and immunity on the roads of Florida when new. Its somewhat aged condition affects the value, but commends itself to a buyer wanting to take full advantage of its performance.

Lot # 120 1962 Ferrari 250 GT SWB Berlinetta; S/N 3113GT; Silver-Grey/Black leather; Estimate -; Cosmetic restoration, 2- condition; Not sold at Hammer bid of $10,000,000 – Chrome spoke Borranis, Pirelli Cinturato tires, fog lights in grille, tall shifter. – First owned by Doris Blackwood for 16 years. Very good older paint, chrome and interior. Precise panel fits and tight, even gaps. Engine compartment and underbody have been done like new and now show some miles with a little oil and road grit. Original driver’s seat covering is lightly stretched. A quality Ferrari represented to have 34,373 miles from new that has never needed restoration. – Doris Blackwood must have been quite a gal, but even the story of her adventures and long term ownership fails to explain why the reported high bid wasn’t enough to see this standard, steel-bodied SWB on its way to a new home, a sign that even the best-informed can succumb to the temptation to consign at an irrational reserve in the hope it will attract frantic bidding and the auction companies to sign on to the hysteria.

1966 Ferrari 365 P Berlinetta Speciale 'Tre Posti', Body by Pininfarina — Lot # 123 1966 Ferrari 365 P Berlinetta Speciale ‘Tre Posti’, Body by Pininfarina; S/N 8971; Gardenia White/Black leather; Estimate -; Visually maintained, largely original, 2- condition; Not sold at Hammer bid of $22,500,000 – Center driving position, outside fuel fillers, 5-spoke alloy wheels, Michelin X tires, reflective glass roof panel, P/W. – An important Ferrari and Pininfarina concept car debuted at Paris in 1966 and displayed throughout Europe and in the U.S. through 1967. Very good older repaint, otherwise clean and original appropriate to the 7,980 km on the odometer. Minor cracks around the engine cover hinge pivots, delaminating roof glass. Excellent panel fits and shut lines. Essentially new, because it is. Part of the Chinetti collection, apart from two short term private owners, since new. – One of the very best Pininfarina/Ferrari concept cars, with design elements that distinguished most of Ferrari’s early mid-engined GTs. The design’s balance is forward, but that suits the middle-positioned driver. It would be tough to be the right seat passenger, with legroom compromised by the tall competition shifter. Widely touted as, ‘potentially the first postwar car to be Best in Show at Pebble Beach’, the wind got taken out of those sails about 3PM on Sunday when Jon Shirley’s Ferrari 375MM forever foreclosed that distinction. It was a letdown when Tre Posti came across the Gooding auction block and, honestly, there didn’t seem to be much if any bidding on it. Had there been money, surely it would have sold.

Lot # 127 1969 Ferrari 365 GTB/4 Daytona Berlinetta Competizione, Body by Scaglietti; S/N 12467; Red, NART/Black vinyl; Estimate $5,500,000 – $7,000,000; Competition restoration, 2 condition; Not sold at Hammer bid of $4,400,000 – Gold 5-spoke wheels, Goodyear Blue Streak slicks, braced rollbar, flares, fire system. – Fifth place overall at Le Mans in 1971 for NART driven by Luigi Chinetti, Jr. and Bob Grossman. Restored like new and vintage raced for many years. Series III flared fenders, wheels and aerodynamics. – An illustrious history that will earn this Daytona entry just about anywhere its age and configuration qualifies it to be, and its estimate is no more than reasonable. It should have brought a more generous bid and if it could be bought anywhere close to the reported high bid it would be an enduring value for a competition-oriented owner.

Lot # 133 1959 Ferrari 250 GT Cabriolet SI; S/N 1475GT; Amaranto Bull Lea/Cream leather; Black cloth top; Estimate $4,500,000 – $6,000,000; Cosmetic restoration, 3+ condition; Hammered Sold at $5,100,000 plus commission of 10.00%; Final Price $5,610,000 – Chrome spoke Borrani wire wheels, Pirelli Cinturato tires, Blaupunkt AM-FM, fog lights behind grille, Abarth exhaust, full tool roll, handbook pouch, original Italian registration book, leather key fob, open headlights, vertical taillights, Lucas electrical system. – Very good paint, chrome and interior. Underbody is slathered in sound deadener. Even body gaps and flush panel fits. Right door bottom filled along with adjacent sill. Makes a great first impression and represented as all original engine, gearbox and rear axle. Hilary Raab collection. – More conventional Pinin Farina than the early SI Cab sold by Bonhams on Thursday from the Maranello Rosso collection, but the Hil Raab history and record of consistent maintenance, regular road trips and never having been apart for a restoration add significant value to an already valuable automobile and make this result a sound value.

Lot # 136 1965 Ferrari 275 GTS Spider, Body by Pininfarina; S/N 07205; Azzuro/Blue leather; Black cloth top; Estimate $1,750,000 – $2,000,000; Unrestored original, 3- condition; Not sold at Hammer bid of $1,500,000 – Blaupunkt multiband radio, chrome spoke Borrani wire wheels, Michelin XWX tires. – Paint is old and flawed but sound. Chrome is remarkably good for its age. Borranis have been cleaned up, as has the engine compartment. Original leather is cracked but has only one tear in the driver’s cushion. Described as ‘Wonderfully preserved’, but it isn’t really; but it’s good enough to use until it needs restoration. – The only 275 GTS in the Monterey auctions, the flawed condition of this car was apparent to all, as was the exaggerated claim of preservation. It’s a tired car that needs serious attention, or one that can be used only by acknowledging its cosmetic and mechanical shortcomings. It should have been ‘loose and selling’ well below the reported high bid.

Mecum Monterey 2014 – Auction Report

Lot # S105.1 1977 Ferrari 308 GT4 Coupe; S/N 13846; Red, , Black lower body/Tan leather; Visually maintained, largely original, 3- condition; Hammered Sold at $26,000 plus commission of 8.00%; Final Price $28,080. – 3.0/5-speed, Cromodora wheels, Pirelli P77 tires, Blaupunkt AM/FM cassette stereo, P/W, dash clock, leather-wrapped steering wheel, sliding sunroof, locking glovebox. – The odometer shows 92,468 miles, and the rest of the car backs this up. Tired paint, cracking and chipping on edges. Wheels and plastic are pretty good. Interior looks redone with light wear. Rebuilt engine and gearbox then stored for 22 years. 1,000 miles since rebuild. Looks tired, but represented as fresher underneath. – This isn’t much car, but it’s priced reasonably if the old rebuilt engine is sound and the belts and hoses that should be replaced don’t cost too much. The successful bidder better have a field of lucky 4-leaf clovers.

Ferraris Sold at Auction in 2014 – Page Fifteen

Lot # S164 1965 Ferrari 275 GTB Berlinetta, Body by Pininfarina/Scaglietti; S/N 07633; Red/Beige leather; Older restoration, 2 condition; Not sold at Hammer bid of $1,800,000. – Short nose body, chrome spoke Borrani wire wheels, Michelin XWX tires. – Restored like new fifteen years ago and still in show quality condition if a little aged. Known history from new. – There is nothing wrong with this 275 GTB except the consignor’s expectations and even the expectations, given the fabulous prices reached for similar cars in Monterey this week, are not that far off. In the present environment of nearly unrestrained bidding for V12 Ferraris, and particularly 275 GTBs, this car could have brought $2.5 million without being out of line.

Lot # S178 1954 Ferrari 375 MM Spider, Body by Pinin Farina; S/N 0362AM; Engine # 0376;, , /; Competition restoration, 2+ condition; Not sold at Hammer bid of $5,750,000. – RHD. Full width Plexiglas windshield, metal cover over passenger’s seat, silver painted Borrani wire wheels, Blockley 6.00-16 tires. – Bought from Ferrari by Tony Parravano, timed at 172mph at El Mirage in 1954, raced by Jack McAfee, Bob Drake and others. Lightly toasted at Sebring in 1955. Later owned by Frank Arciero in shortened form with a fiberglass body and driven by Dan Gurney in the 1958 Times-Mirror GP at Riverside. Eventually cut up, parts were accumulated by Fred Peters and Charles Betz in the mid-80’s. Restored with a new body by Steve Beckman with engine 0376 (internal #204). Very good paint and interior. Restored to like new condition with better cosmetics and bodywork. – Beautifully restored (if that’s the right term) from a confused mess of parts tracked through several southern California shops and owners over the years. The engine is the right type, but not the right engine. The body’s all new. Not surprisingly, the bidders were reluctant to give this revitalized 375 MM much credit. Another car claiming the same identity was offered at Brooks Monaco auction in 2000.

Lot # S181 1961 Ferrari 250 GT Cabriolet SII, Body by Pininfarina; S/N 2441; Red/Black leather; Black cloth top; Visually maintained, largely original, 3 condition; Hammered Sold at $2,250,000 plus commission of 8.00%; Final Price $2,430,000. – Chrome spoke Borrani wire wheels, Dunlop tires, Becker Europa TR AM-FM. – Right vent window frame doesn’t fit the windshield post. Mediocre old repaint, weak chrome trim, badly flaking rear bumper center section. Engine internal #320E. Engine compartment painted over flaked old paint many years ago. Wheel wells got the same treatment. Upholstery is lightly stretched. Old top has some abrasion tears where it has rubbed while stowed. Decent old repaint with chips at the hood corners. Badly scuffed driver’s door sill plates show far more use than the claimed 5,411 kilometers. A used Ferrari that can be driven, but not too proudly, in this condition. – The visible evidence of wear does not make for willing acceptance of the claimed 5,411 km from new, but it brought a healthy premium for low kilometers anyway, even if not for originality, because it’s been repainted both outside and under the hood. The bad vent window frame fit in not a healthy sign, either and it is an expensive Ferrari in its current condition.

Bonhams Quail Lodge 2014 – Auction Report

Lot # 212 1973 Ferrari 365 GTS/4 Daytona Spider, Body by Pininfarina.; S/N 17057; Engine # B2944; Azzuro Hyperion/Beige leather, Black stripes; Estimate $2,600,000 – $3,200,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $2,400,000 plus commission of 10.00%; Final Price $2,640,000 – Becker Europa AM-FM, P/W, A/C, alloy wheels, Michelin XWX tires, painted nose panel, pop up lights. – Good repaint in the original color, clean, orderly underbody, good major chrome but scratched windshield header. Soiled original seats and door trim. Weak wind wing trim chrome. 3,345 miles from new. Ex-Mansour Ojjeh – Ferrari Classiche Certified, highly original but showing age. Comprehensively documented from new. – At RM Monterey thirteen years ago this was a no-sale at a bid of $375,000. Now it’s a sound but aged car with a decent repaint for this price, and estimated at even more. It has uncontested history and is appealingly original. It also is expensive.

Lot # 230 1952 Ferrari 212 Europa Coupe, Body by Pinin Farina; S/N 0277EU; Engine # 0277EU; Light Blue [Blu Francese]/Cream leather; Estimate $1,400,000 – $1,700,000; Recent restoration, 2+ condition; Not sold at Hammer bid of $1,175,000 – Chrome spoke Borranis, Vredestein blackwall tires, Audiovox pushbutton radio, 3-piece wraparound rear window – Owned by Charles Pozzi for some three decades, freshly restored to highly detailed, like new condition after completing the Tour Auto in 2006. Ferrari Classiche certified. – It is difficult to see why this Europa didn’t bring more than the reported high bid. Its history is benign and it is attractively bodied and finished in its original color. Not surprisingly the seller elected it was more car than the bid it brought here.

Lot # 266 1979 Ferrari 312 T4 Formula 1; S/N 037; Engine # 35; Red/Tan suede; Estimate $1,500,000 – $2,000,000; Facsimile restoration, 2 condition; Not sold at Hammer bid of $1,400,000 – The Enzo Ferrari-approved, ex-Dr. Bonomi, Gilles Villeneuve tribute. Clean, fresh, unblemished. A pretty amazing story of Ferrari factory duplicity since the original tub of 037 was incorporated in the T5 s/n 042. Despite the confusing history, there is no confusion: this 037 is its own car with Ferrari factory paperwork and attestation. There is no other s/n 037 T4. – Not surprisingly bidders may have been a bit put off by the to and fro of chassis, tubs and numbers, thus missing the chance to acquire a wonderful Gilles Villeneuve car built by Ferrari for an enthusiastic client.

Lot # 274 1967 Ferrari 330 GTC, Body by Pininfarina; S/N 10007; Engine # 10007; Celeste Chiaro Metallizzato/Beige leather; Estimate $800,000 – $950,000; Recent restoration, 2 condition; Hammered Sold at $925,000 plus commission of 10.00%; Final Price $1,017,500 – Centerlock alloy wheels, Michelin X tires, Becker Europa II AM-FM, P/W. – Very good paint, interior and major chrome. Some slightly weak trim chrome. Like new underbody and fresh, orderly engine compartment. A fresh restoration in the original colors. – Sold by RM at Amelia in 2013 for $506,000 before its fresh restoration and now at the top of its class in condition and appearance. So is the price it brought.

Ferraris Sold at Auction in 2014 – Page Sixteen

Lot # 289 1966 Ferrari 275 GTB Berlinetta, Body by Pininfarina/Scaglietti; S/N 08933; Engine # 08933; Verde Scuro/Beige leather; Estimate $2,600,000 – $3,200,000; Recent restoration, 2+ condition; Hammered Sold at $3,500,000 plus commission of 10.00%; Final Price $3,850,000 – Centerlock alloy wheels, Michelin XWX tires, long nose, torque tube. – The fifth from last. Freshly restored by Patrick Ottis, Brian Hoyt and Ken Nemanic. Better than new with flawless paint, interior, engine compartment and chassis, a show car. Documented with original paper, manuals and a Ferrari certificate of authenticity (pre-Ferrari Classiche.) – Going nowhere but up, that’s the trajectory of 275 GTB values. This car’s unusual (and highly attractive) color and the impeccable quality of its restoration made it a trophy for which the new owner paid dearly and more than RM’s alloy bodied example at $3,382,500. When colors affect values it’s time to reconsider criteria.

Lot # 299 1974 Ferrari 246 GTS Dino; S/N 08280; Silver, Black roof panel/Dark Red leather, Black stripes; Estimate $400,000 – $475,000; Visually maintained, largely original, 3 condition; Hammered Sold at $355,000 plus commission of 10.00%; Final Price $390,500 – Chairs and Flares, Campagnolo alloy wheels, Goodyear Vivo tires, A/C, Blaupunkt AM-FM, – Good repaint, original interior and chrome, Campagnolo spare and Goodyear tire. U.S.-delivered when new. Orderly original condition engine and trunk compartments, likewise under the car. Original colors. Not driven in recent memory and will need recommissioning accordingly. – This Dino’s price reflects its condition, with little or no premium for originality. It’s the ideal candidate for Ferrari Classiche certification which will add the factory’s endorsement to its quality and impart a further increment to its value.

Rick Cole Monterey 2014 – Auction Report

Lot # 0610 1973 Ferrari 365 GTB/4 Daytona Berlinetta; S/N 16943; Yellow; Estimate $850,000 – $950,000; Not evaluated; Hammered Sold at $1,050,000 plus commission of 10.00%; Final Price $1,155,000 —

Lot # 0800 1962 Ferrari 250 GT SWB Berlinetta, Body by Pininfarina-Scaglietti; S/N 3735; Engine # 3735; Red; Estimate $8,500,000 – $9,000,000; Not evaluated; Not sold at Hammer bid of $9,650,000 – Chrome spoke Borrani wire wheels. – 48,925 miles and two owners from new. – Sold by Coys at Silverstone in July 1997 for $537,563. Strange it didn’t sell here at $650K over the high pre-sale estimate.

Lot # 0830 1965 Ferrari 275 GTB Competizione Clienti, Body by Pininfarina-Scaglietti; S/N 07477; Engine # 07477; Red/Beige leather, cloth inserts; Not evaluated; Hammered Sold at $10,909,091 plus commission of 10.00%; Final Price $12,000,000 – Chrome spoke Borrani wire wheels, six dual choke Weber carbs, alloy wheels included – First owned by Alfred Ducato. Represented as 9,449 miles from new with original interior. –

Lot # 1000 1955 Ferrari 410 Sport Sports Racer; S/N 0592CM; Engine # 0592CM; Red; Not evaluated; Post-block sale at $20,909,091 plus commission of 10.00%; Final Price $23,000,000 – RHD. Driver’s head fairing, single driver’s wraparound windscreen, hood scoop, Borrani wire wheels. – Built for the Carrera Panamericana, a Ferrari of legendary power and performance. Originally sold to Tony Parravano, cloudy subsequent history in Mexico, but represented as ‘original frame, original suspension, brakes, generator, starter, and steering box, together with its proper numbers matching engine, transaxle and full mechanicals, even the Weber 42 DCZ/3 carburetors and factory belly pans.’ – Reported bid to $22,111,000 after the auction, later reported sold with this result.

Lot # 1030 1966 Ferrari 275 GTS, Body by Pininfarina; S/N 8621; Engine # 8621; Black/Ivory vinyl; Estimate $1,500,000 – $1,700,000; Not evaluated; Hammered Sold at $1,800,000 plus commission of 10.00%; Final Price $1,980,000 – Borrani wire wheels, blackwall tires, books, records. – Represented as original paint and interior. –

Lot # 1040 1981 Ferrari 512 BB Berlinetta; S/N 38347; Engine # 38347; Red, Black sills/Red leather, Black inserts; Estimate $195,000 – $245,000; Not evaluated; Hammered Sold at $276,000 plus commission of 10.00%; Final Price $303,600 —

Ferraris Sold at Auction in 2014 – Page Seventeen

Lot # 1110 1963 Ferrari 250 GT/L Lusso Berlinetta; S/N 4481; Engine # 4481; Dark Blue/Bone leather; Estimate $1,800,000 – $2,100,000; Not evaluated; Not sold at Hammer bid of $2,201,000 – Borrani wire wheels, blackwall tires, –

Lot # 1120 1962 Ferrari 250 GT Pf Cabriolet SII, Body by Pininfarina; S/N 3807 GT; Engine # 3807 GT; Red/Beige; Estimate $2,200,000 – $2,400,000; Not evaluated; Hammered Sold at $2,000,000 plus commission of 10.00%; Final Price $2,200,000 – Chrome spoke Borrani wire wheels, overdrive. – Platinum at Cavallino in 2002, subsequently cosmetically restored for Les Wexner, Ferrari Classiche certified. – Sold by Gooding at Pebble Beach in 2011 for $709,500.

Auctions America Auburn Fall 2014 – Auction Report

Lot # 5106 1994 Ferrari 348 Spider; S/N ZFFRG43A2R0097330; Blue Sera/Cream leather; Black cloth top; Unrestored original, 3+ condition; Hammered Sold at $48,000 plus commission of 10.00%; Final Price $52,800. No Reserve – Kenwood satellite stereo, A/C, 5-speed, P/W, 5-spoke alloy wheels, Pirelli blackwall tires, Assembly #14311. – Good original paint, lightly soiled driver’s seat. Clean, orderly engine compartment. An orderly used car with the odometer showing a believable 7,668 miles. – Sold at Barrett-Jackson’s Orange County auction in 2011 for $50,600 and reassuringly presented in attractive colors here, it brought a strong price for the model and would have been more reasonably priced at $38K than $48K.

Barrett-Jackson Las Vegas 2014 – Auction Report

Lot # 211 1986 Ferrari Mondial 3.2 Cabriolet, Body by Pininfarina; S/N ZFFXC26A6G0065495; Red/Tan leather; Black cloth top; Unrestored original, 3+ condition; Hammered Sold at $24,000 plus commission of 10.00%; Final Price $26,400. No Reserve – Alpine stereo, alarm. – Engine out belt service at 20,071 miles, odometer now shows 25,750, but how along ago the belt service was is not stated. Clean CarFax, good original paint, new top. – Mondials just don’t get much respect but they are a wonderful way to own a mid-engined, good performing Ferrari with much more flexibility and usability than their fixed roof 328 siblings. This is a reasonable price for a well-maintained, highly original example with at least an honest attempt to keep up with its maintenance needs.

[Source: Rick Carey; main photo: Tim Scott / Fluid Images]

13 Comments

Serge Dermanian says:

December 3, 2014 at 10:58 am

when I think that we were taking in trade fo an MG B!! in the mid to late 60’s such thing as a jaguar XK120 “M ” alloy
body lemans car gold cylinder head!!
& all the cars that passed trough my hands, i remember the Boston dealer showing me his invoice asking to by a little
“Under invoice” to quiet his bank! I had purchased a brand new flyellow 1979 GTS that way!
+ the last run of Dino 246 GTS spécial treatment fender flares wide wheels, the dealer offered me to purchase two of them at below invoice price, to please his bank remove them from his floor plan
& hello Rick Carey, my old Customer friend!

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1. Rick Carey says:
  
  December 4, 2014 at 11:40 am
  
  Hi, Serge.
  It’s the old thing: If only we still had the [fill-in-the-blank] we bought in 1968 for $4,000!
  Of course it would have cost us a gazillion dollars to keep up for the past half-century, but that is so easily overlooked in the excitement over six- and seven-figure prices that don’t take into account the current purchasing power of four thousand 1968 dollars.
  If I get to Retromobile this year I’ll let you know and perhaps we can meet up to laugh about the rickety old cars we dismissed decades ago that now are venerated.
  Rick
  
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Mark says:

December 3, 2014 at 11:20 am

I think Ferraris, especially early ones are among the finest, most interesting cars in the world. But I’m am TOTALLY SATURATED with the news of “Ferraris selling” in 2014. It would be great if the motor press would refocus on other brands, maybe more real world and affordable, cars to work on and drive. The art world does the same thing with the sales of the finest of fine art. What’s the big deal of someone throwing down 10 million or 35 million for a car? Why is that newsworthy?

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TVC15 says:

December 4, 2014 at 9:16 am

The biggest shock for me this year is you can buy a very nice low mileage 90s Testarossa for a lot less than a nice Mercedes 190sl ! Madness !!!

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Rick Carey says:

December 4, 2014 at 11:44 am

Of such imbalances are astute acquisitions made. 190SL prices mystify me.

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Fran says:

December 4, 2014 at 4:45 pm

Hi Rick, I understand the collector market’s disdain for the “Gas Monkey” stuff. The fact that they had the audacity to take on a Ferrari build is to be commended. I’m sure when it came to sourcing parts, there were more than a few road blocks: “who is this?, oh, we don’t sell those to just anybody, there are for our ‘cliente'”. And even tho’ the ‘get it down in 7 days’ stuff makes for good TV, those builds they do are clearly multi-month affairs. You can watch the seasons change in the back ground.

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1. Rick Carey says:
  
  December 4, 2014 at 8:28 pm
  
  Fran,
  There is very little ‘reality’ in ‘reality TV.’
  I’ll leave it at that.
  On the other hand, Richard Rawling and Dennis Collins are — pure and simple — car guys. They’re in it because the wallow in it and love every bit of the foolishness they experience and create.
  I am proud to count both of them among my friends. Richard worked for years to develop the concept of ‘Fast and Loud’ and his success today is an example of what an individual can do in the American Free Enterprise System if they believe, persist, are creative, adaptable … and have the gift of gab.
  Will I be happy when the automobile ‘reality’ shows go away? Absolutely. They’re foolish.
  But when it happens I hope Richard and Dennis are happily situated in the ‘1%’ atop piles of cash and cars they can continue to play with — because playing with cars is what they do.
  
  Rick
  
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Gaëtan Gennaro says:

January 2, 2015 at 10:39 am

I think there is a mistake here :”The 456 was superseded in 1999 by the 550, so where does this 456 M fall as a 2003 model?” – As far as I know, the 456 GT was superseded in 1999 by the 456M GT. Production ended in 2003 when it was replaced by the 612 Scaglietti. The 550 Maranello is a two-seater and has not replaced the 456.

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Anonymous says:

January 7, 2015 at 10:32 pm

1471GT
As a former owner of this car I agree with much of the description. However this car was rebuilt by the Ferrari factory, as well as Garge Pesa, as well as Ferrari of Monterey. To call the engine compartment a mess is pretty confusing. This car is very original and complete. The rust is a big issue………but the car runs as it should. The engine is perfect.
I do agree that 480K was a generous offering for this car.

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1. Rick Carey says:
  
  January 7, 2015 at 10:53 pm
  
  I didn’t actually call it ‘a mess’, I called it ‘ugly, disorganized’ which it was. ‘Original’ is one thing. ‘Scruffy’ is another. Is it ‘very original and complete’? Perhaps, but it is so deteriorated and ratty those attributes have lost all consequence.
  
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  1. Anonymous says:
    
    January 8, 2015 at 4:41 pm
    
    Thank you for your response. I am assuming that you have seen this car in person. In your opinion what would the ballpark cost be to get rid of all the rust and have the car ready to paint? I had always guessed about 350K to restore completely. I am beginning to think that may be a bit low.
    
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2. Kevin Pauza says:
  
  August 7, 2015 at 3:47 pm
  
  Rick,
  Thank you for discussing Ferrari #1471 on your excellent site.
  I acquired #1471 Ferrari 250GTPF 1959, and because it’s historical significance, I am restoring it to exactly as it was when first introduced at the 1959 Frankfurt Auto Show, and acquired by the Prince of Sweeden. Mr.Enzo Ferrari serviced Ferrari 1471, for his friend, the Prince, annually.
  It’s original Bianco/Grigio and Red hides will be unveiled this year.
  Best Racing Experiences,
  Kevin Pauza
  
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  1. Anonymous says:
    
    August 7, 2015 at 3:58 pm
    
    Kevin,
    I am so glad 1471 will be restored…….and to the original colors is most excellent. This is a task I had hoped to accomplish, but was unable financially to complete. I would love to talk to you in person about the car. If you would like to contact me feel free.
    [email protected]
    
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Ferraris Sold at Auction in 2014

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