Ferrari after 1962
Chronology : 1966 1967 2001 2017
1964 The Race against the Regulations
2014 SOLD 26.4 M$ including premium
The 250 GTO, produced mostly in 1962 and 1963, is registered in the Grand Touring class. In retrospect, it is clear that the O letter in GTO, which means Omologato, reveals the problems met by Ferrari to maintain their competitiveness while respecting all the rules.
The new models, the 250 LM in prototype class in 1963 and the 275 GTB in GT class in 1964, are technically formidable cars that can not maintain the wide success of the GTO. The competition is fierce. Remind that the failed negotiations between Ford and Ferrari happened in 1963 and the release of the GT40 in 1964.
The ambition in competition of the 275 equipped with a new 3.3-liter engine is embodied in three grand touring competition prototypes identified as 275 GTB/C Speciale with a bodywork by Scaglietti.
The super-light aluminum body, different from the road specification in the catalog, does not please the officials of the Gran Turismo. Yet one of the three cars managed to reach the third place in the 24 Hours of Le Mans in 1965 behind two Ferrari 250 LM.
The 275 GTB/C Speciale is extremely rare on the market. The first of the three is for sale by RM Auctions at Monterey on August 16, lot 239.
This is undoubtedly one of the most important cars in the history of automobile auctions. It paved the way for the limited series of the 275 GTB/C (without the word Speciale) of which a unit made in 1966 was sold for € 5.7 million including premium by RM Auctions on May 10, 2014.
I invite you to play the video shared on YouTube by RM Auctions.
POST SALE COMMENT
The special series of 275 GTB are confirmed as the most prestigious Ferrari cars after the 250 GTO. This 275 was sold for $ 24M before fees, 26.4M including premium.
It achieves a similar price as the 275 GTB / 4 NART that was sold for $ 27,5M including premium by RM Auctions on August 17, 2013.
1964 Prototype or Grand Touring
2015 SOLD for $ 17.6M including premium
The 250 GTO was narrowly GT homologated. Ferrari's argument that it is a variant of the 250 GT SWB Berlinetta is technically difficult to counter. The history of the 250 LM will be different and this car just as effective as the 250 GTO will not reach the same prestige.
Ferrari is unable to obtain the GT homologation for the LM. Officials have not been duped. It is not really a GT because it is derived from the 250 P prototypes with a 3-liter engine launched in 1963 for track competition. The LM should also not be a 250 because its 3.3-liter engine is better ranked in the new Ferrari 275 class opened at the same time.
32 Ferrari 250 LM are built, most of them in 1964. The body is made by Scaglietti on a design by Pinin Farina. They are primarily intended for the track. One of them wins the 24 Hours of Le Mans in 1965, driven by Jochen Rindt.
A 250 LM manufactured in 1964 remained in an exceptional original condition after a racing history without incident. It was sold for $ 14,3M including premium by RM Auctions on November 21, 2013. Another one that had burned in 1969 was sold for $ 11,6M including premium by RM Auctions on August 15, 2014.
On August 13 in Monterey, RM Sotheby's sells a 250 LM, also from 1964, lot 113, which is one of the best preserved of this model after an intensive racing history.
1964 Ferrari after the GTO
2013 SOLD 14.3 M$ including premium
LM means Le Mans, but the new Ferrari will struggle to find its way through the maze of competition regulations and will not reach the prestige of the GTO.
These great Ferraris from the mid-1960s are mostly purchased through private sales. I had not yet the opportunity to discuss directly a GTO. The last private sale of such a wonder was announced three days ago at $ 52M, far above the GTO of Stirling Moss that sold for $ 35M in June 2012.
Gradually, however, some other cars find the path of auction such as the 275GTB / 4 NART, from a series of 10 built in 1967, sold for $ 27.5 million including premium by RM Auctions on 17 August 2013.
A 250 LM Berlinetta made in 1964 and bodied by Scaglietti is for sale in New York on November 21 by RM Auctions in association with Sotheby's. It appears in the absence of any available GTO as the epitome of the art of the automobile. It is illustrated in the release shared by Sports Car Digest.
Here are the links to RM catalogue and to Sotheby's magazine.
POST SALE COMMENT
Less famous than the 250 GTO, the 250 LM is one of the greatest models made by Ferrari. This car was sold for $ 14.3 million including premium.
1965 Speciale for Pininfarina
2018 SOLD for $ 8.1M including premium
The two major subcontractors of Ferrari, Pininfarina and Scaglietti, are designers and manufacturers of bodywork but the repartition of tasks between these two companies is facilitated by the preference of Battista Pininfarina for development.
In 1964 the 250 GT chassis had terminated its great career. It is replaced by the 275 whose 3.3-liter engine is slightly more powerful, still in V12. It is now necessary to dress it in Berlinetta (GTB) and Spyder (GTS) and to foresee the adaptation of the GTB for the competition.
Two chassis are entrusted by Ferrari to Pininfarina. One of them is used for the development of the GTB. The other car will be a GTB Speciale fitted with all the modifications that will please Battista Pininfarina.
This one-off 275 GTB Speciale has the same shape as the original short nose GTB variant but differs in multiple details that enhance elegance and comfort. Its transfer of ownership from Ferrari to Carrozzeria Pininfarina is carried out in March 1965. Unveiled at St. Moritz in a press conference, this demonstrator of the taste and skill of Battista Pininfarina is exhibited in the motor shows of Frankfurt, Paris, Turin and Brussels.
Battista Pininfarina dies on April 3, 1966 without having stopped his activity. Unveiled in the previous month, the 1600 Duetto of Alfa Romeo is still attributed to his design. Sold in January 1966, the 275 GTB Speciale is no longer available at that time at the Carrozzeria. To pay homage to his father, Sergio presents the Automobile Club de l'Ouest with another Speciale also from 1965, the prototype of the Dino berlinetta, sold by Artcurial on February 10, 2017 for € 4,4M including premium.
Repainted in 1992 in its exquisite original Acqua Verde Metallizzato, the 275 GTB Speciale is estimated $ 8M for sale by Gooding in Scottsdale on January 20, lot 134. Here is the link to the press release.
1966 Ferrari 275 GTB/C
2017 SOLD for $ 14.5M by Gooding
Also in 1964 the 275 range with a 3.3 liter engine succeeds the 250 without interrupting the development of competition models in small or very small series.
Three 275 GTB/C Speziale (C meaning Competizione) are prepared for the 1965 season. They are essentially an adaptation of the engine of the 250 LM on a shortened chassis of the 275 GTB. The effort is already focused on any possibility of weight gain. The FIA accepts its homologation with reluctance, but too late in the season.
In 1966 another 275 GTB/C series goes further for a new weight gain of about 150 kg. The engineer Forghieri, who had developed the 250 GTO, now designed a chassis and body in very thin aluminum while the robustness of the rear is managed with fiberglass. The realization of the bodywork is a tour de force by Scaglietti. Its Achilles heel is the wire wheel. The approval is partial due to inconsistencies in the dossier concerning the carburetors.
That 1966 275 GTB/C series is made of 12 cars. The sixth was raced in Italy by Renzo Sinibaldi, winning 1st in GT class in 8 events in its first year. It was sold for $ 14.5M by Gooding on August 19, 2017, lot 120. Please watch the video in still views shared by the auction house.
Collectors prefer cars with a racing history. For comparison, the ninth example was not raced in period. Arguably the most original of the group, it is maintained in full matching numbers. It was sold for € 5.7M by RM Auctions on May 10, 2014, lot 169.
2015 SOLD for $ 9.4M by Bonhams
It was sold for $ 9.4M by Bonhams on January 15, 2015, lot 128, and for $ 7.7M by RM Sotheby's on August 13, 2021, lot 238. In the mean time the engine and transaxle have been replaced for a better performance in vintage competition. The original equipments accompany the car.
2022 for sale in August by RM Sotheby's
Benefitting from sparing competition use in period, fastidious care during a former 19-year ownership, and a recent three-year restoration this 1966 Ferrari 275 GTB/C is the result of one of the most original and well-presented examples.— rmsothebys (@rmsothebys) May 6, 2022
#RMSothebys #RMMonterey #ferrari pic.twitter.com/KKQoAlwM7t
1967 The North American Ferrari
2013 SOLD 27.5 M$ including premium
Former winner of the 24 Hours of Le Mans, Luigi Chinetti was a skilled agent of Ferrari in the United States. In 1958, he created the North American Racing Team (NART) that got very good results, in Europe also.
For his network of passionate customers, Chinetti negotiated in 1967 with Ferrari a special order for a new sports model to be built by Scaglietti on the 275GTB chassis.
Ten Ferrari 275GTB / 4 NART Spider cars were produced, a quantity certainly lesser than Chinetti's demand. Times are tough for Ferrari, who had to put an end to the 250GTO and escaped very narrowly an acquisition by Ford.
This rare NART Spider appears as an outstanding post-GTO model fitted to arouse passions. This small convertible is very efficient and highly elegant, and would later be imitated. Some owners of 275GTB in more standard variants will even wish to rebuild their car as a NART Spider.
One of the ten original 275GTB / 4 NART Spider cars remained in the family of the original owner who adored it. It is sold for the benefit of charities by RM Auctions in Monterey on 16 and 17 August.
I invite you to play the video shared on YouTube by Petrolicious for RM Auctions.
POST SALE COMMENT
This Ferrari was sold for $ 25M before fees. It is in very good condition and was sold to benefit charities, but this price is especially recognizing one of the best models that followed the 250 GTO.
1967 That Red Italian Thing
2014 SOLD 10.2 M$ including premium
The new 275 series is more powerful than the 250. In 1967, the 275 NART Spyder is the upscale, specially manufactured for the American market. McQueen buys one but it is damaged during delivery. Repair is long, and McQueen is not patient. He will not use it.
He then bought a car from the closest production model : a 275 GTB/4 coupe bodyworked by Scaglietti. The color does not please him and he had it repainted even before accepting to see it. His car becomes chianti red, inspired by a NART that he had enjoyed in his film The Thomas Crown Affair nicknaming it 'one of those red Italian things'.
McQueen used extensively his GTB/4 until 1971. A subsequent owner tried to reconfigure it in NART but now it has been restored to its original configuration. To be again exactly as McQueen had wanted, it received an underlayer of the refused color before being repainted in chianti red.
The 275 GTB/4 is not a rare model, but it is very pretty with its elongated nose needed to maintain its stability despite the increase in power. Through its relationship with McQueen, this car had a great success with the public during a prolonged exhibition in the Museo Ferrari in Maranello.
It is estimated $ 8M for sale by RM Auctions in Monterey on August 16. I invite you to admire it at full speed in the video shared by the auction house
POST SALE COMMENT
The anecdotal provenance of that Ferrari pushed it up to $ 9.25 million before fees, 10.2 million including premium.
2001 A Formula 1 Odyssey
2017 SOLD for $ 7.5M including premium
An F2001 driven twice to victory by Schumacher will be sold by Sotheby's in New York on November 16, lot 55.
On May 27, 2001 it won the Monaco Grand Prix, giving Schumacher his fifth and last victory in this highly difficult competition but not reaching Ayrton Senna's record.
His victory at the Hungarian Grand Prix on August 19 is even more important. While there are still four Grand Prix to finish the season, it ensures Schumacher his fourth title of Drivers' world champion and to Ferrari their eleventh title of Constructors' world champion. With this 51st victory Schumacher equaled the record of victories in Formula 1 Grand Prix held by Alain Prost since 1993.
Formula 1 cars do not reach similar high prices at auction as the endurance racing winning cars. A Ferrari F300 driven by Schumacher in 1998 fetched $ 1.87M including premium in January 2014 at Barrett-Jackson which is a great result in this category.
Sotheby's assisted by RM Sotheby's decided to enter the F2001 in the post-war and contemporary art evening auction with an estimate of $ 4M, which could revive the interest of collectors for this prestigious class of vehicles. Please watch the video shared by Sotheby's.
2017 Close Out of the Aperta
2017 SOLD for € 8.3M in charity sale
This Aperta was the highly anticipated sequel to the LaFerrari coupe. Revealed in 2016 simultaneously with the end of production of the coupe, the Aperta with its open or convertible body was built in 2017 in 209 units, 9 for Ferrari's use in the celebrations of the year and 200 sold in advance by invitation according to the now usual process for the hypercars.
The first and last cars in a series are specifically observed by specialists. The first may be closest to the prototype. The last benefits from all the improvements developed during the production phase. The final car of the higher-end Ferrari models is now the subject of a specific charity operation.
The 400th Enzo was presented by Ferrari in January 2005 to Pope John Paul II who immediately entrusted its sale to RM Auctions to help the victims of the tsunami in Southeast Asia. It was sold by its next owner with 179 Km from new for $ 6M including premium at RM Sotheby's on August 13, 2015.
The 500th and last LaFerrari coupe was the subject of a single lot sale jointly organized by RM Sotheby's and by Ferrari on December 3, 2016 to help the victims of earthquakes in Italy. It was sold for $ 7M.
Announced after the end of production of the first 209 cars, the 210th and final LaFerrari Aperta is the last lot of RM Sotheby's sale in the Ferrari plant in Maranello on September 9. This car still to be produced will not be exhibited at the sale. It is estimated beyond € 3M, lot 154.
Just before the sale the catalogue provides the additional information as follows :
"RM Sotheby’s and Ferrari are pleased to announce that all of the proceeds of this lot will be donated to Save the Children. This lot will also be sold without buyer's premium.
"This LaFerrari Aperta will be finished in a one-of-a-kind livery in stunning metallic Rosso Fuoco with a metallic Bianco Italia double racing stripe on the bonnet and rear deck. The interior will be trimmed in black Alcantara with red leather inserts on the seats, red stitching, and glossy black carbon fiber trim."