March is always a hot month of the year for classic car collectors, with Amelia Island dominating the headlines and taking center stage.
RM Sotheby’s was up first on the Friday, providing insight into the mood of the bidders. However, it was Gooding & Co who were set to deliver the most expensive lots and blockbuster cars of the weekend.
This 1966 Ferrari 275 GTB certainly met the blockbuster criteria. The sixties were a hugely successful era for the legendary Italian luxury car-maker. Three out of five of the most expensive Ferrari’s ever sold subsequently came out of this decade.
What makes this car so valuable?
There are a variety of factors that contributed to the hefty price tag of this Ferrari classic. Firstly, and most importantly, the car’s rarity plays a significant role. The aluminium bodied 275 GTB is one of only 80, which, due to the pristine condition it is offered in will set the car aside from other models.
In terms of restoration, it was restored by leading Italian specialists, and presented in its original color scheme, which adds historical value for bidders.
Lastly, the authentication of the car is indisputable, boasting Ferrari Classiche certified status. It is also offered with books, tools and a report from legendary Ferrari historian Marcel Massini.
The Ferrari GTB features a roaring SOHC V-12 engine with a performance of 300 BHP at 7,600 RPM. It also has a 4-wheel vacuum-assisted disc brake system, and 5 speed manual transaxles. This can be regarded as unique in the period in which the Ferrari was made, when most cars were manufactured with 4-speed gearbox.
How much did it sell for?
The 1966 Ferrari 275 GTB was estimated to sell for up to $3,250,000, making it one of the most expensive lots of the entire Amelia Island auction period. It finally went under the hammer on Saturday for 2,530,000, just over the lower estimate of $2,500,000.