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Most expensive Ferrari up for sale

2014-07-28 10:38

GOT CASH? This 1964 Ferrari 275 GTB/C Speciale is one of only three made and is expected to fetch the equivalent of R356-million at an auction on August 16. Image: RM Auctions

   • 275 GTB/C Speciale to go under the hammer

  Sold for R17-million in mid-1990s
  Now worth the equivalent of R356-million.
  One of only three models of its kind

A 50-year-old Ferrari, one of only three of its kind, and known as one of automaker’s most important models, is expected to sell for the equivalent of R356-million.

According to the London Daily Mail the 1965 handbuilt Ferrari can reach a top speed of 274km/h and although the car was designed to be a sports car, it was mainly used as a road car.

GALLERY: 1964 Ferrari 275 GTB/C Speciale

During the mid-1990’s, the same car was sold at an auction for less than the equivalent of R17.8-million but is now expected to fetch close to the equivalent of R356-million when it goes under the hammer again in California on August 16.

V12 ENGINE, 224kW

The Mail reports that the grey 275 GTB/C Speciale, known as 06701, was owned by an English colonel in the 1970’s and that it’s made of aluminium and powered by a V12 engine pushing out about 224kW.

The only two other models are unlikely to go onto the open market again.

The rare Ferrari is the star lot at RM Auctions’ Monterey sale, says the Daily Mail, and its sale is being referred to as a ‘once in a lifetime opportunity’.

Senior specialist at RM Auctions Shelby Myers said: “The car’s almost unbelievable rarity and high performance are matched only by its stunning good looks. Simply put, this is one of the most important Ferraris in the world, and absolutely one of the most important motor cars ever to come to auction.

“These cars were a clear evolution of the GTO concept, one of which set a record at Le Mans that stands to this day. 06701’s two sister cars are in highly respected private collections, from which they will certainly not emerge in the near future.”

The Daily Mail says the first owner was a businessman who used it as a road car for 25 years before selling it to its next owner. It was then passed onto Ferrari collector, Brandon Wang, who showed it off at various events, including the International Festival at Goodwood, Tutte Le Ferrari in Mugello and the 1997 Tour Auto.

The car was then restored and refinished in its current two-tone silver and grey colour, similar to its original colour before it was passed on to its current owner.

The Ferrari 275 GTB/C Speciale will find its new owner at the upcoming August 16 auction in Monterey, California.

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Read more on:    ferrari  |  california  |  auction

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